HOUSTON — Locally based developer Scarlet, in partnership with full-service real estate firm Urban Meridian Group, has broken ground on a $32 million multifamily project in Houston’s City Park neighborhood. Designed by E Studio Group, the six-building, 216-unit property will be branded Frame Almeda Genoa and will offer one- and two-bedroom units ranging in size from 570 to 1,007 square feet. The project is expected to be complete within the next 12 months.
MICHIGAN CITY, IND. — Flaherty & Collins Properties has formed a partnership with Michigan City and the Northern Indiana Commuter Transportation District (NICTD) for the development of an $80 million apartment project. Located in Northwest Indiana, Michigan City is situated on the south shore of Lake Michigan. With a placeholder name of 11th Street Central, the 12-story project will feature a new train station for the South Shore Line stop at 11th Street. It will also include 208 luxury apartment units, more than 10,000 square feet of commercial space and a 558-space parking garage. A $649 million double track improvements project is expected to shorten the commute from Michigan City to downtown Chicago to 67 minutes, according to Michael Noland, president of South Shore Line. “With the additional trains that will be added and the reduction in travel time to and from Chicago, we expect to more than triple our daily ridership out of Michigan City,” he says. A first for the greater Chicago metropolitan region, the project is a joint development as defined by the Federal Transit Administration (FTA). An FTA joint development enables a private developer to undertake a public responsibility — in this case, the construction of …
RED LAKE FALLS, MINN. — Altoz Inc. is expanding its manufacturing space in Red Lake Falls, a city in northwest Minnesota. The outdoor power equipment company will add a new 62,500-square-foot facility, which is slated for completion by this fall. The development marks the first phase of a multi-phase expansion project, which will bring the company’s combined space to more than 400,000 square feet between Red Lake Falls and Greenbush. The new facility will accommodate state-of-the-art metal fabrication equipment.
SAN DIEGO — Holland Partner Group, North America Sekisui House and Lowe have started construction of Courthouse Commons, a 37-story mixed-use project in San Diego. The $400 million project will feature 270,000 square feet of office space, 19,000 square feet of retail space and 431 apartments. Completion is slated for first-quarter 2024. Designed by Carrier Johnson + CULTURE, with Holland Construction serving as general contractor, the building will offer office spaces with 39,000-square-foot floor plates, floor-to-ceiling glass and outdoor balconies; a first-floor lobby with indoor/outdoor dining for tenants, ground-floor restaurants and retail shops; direct access to building parking; and tenant community engagement programs by onsite property manager Hospitality at Work. The ninth floor and roof decks offer panoramic views; indoor/outdoor meeting spaces; green roof space with outdoor seating and entertainment areas; private workspaces; conference rooms; flexible spaces to accommodate a variety of events; indoor/outdoor fitness facilities; and a dog run with pet turf, seating, shade and dog wash. Tony Russell and Richard Gonor of JLL are handling leasing for the office component.
TEJON RANCH, CALIF. — Tejon Ranch Co. has formed a joint venture with Majestic Realty Co. to develop up to 495 apartments on the east side of the Tejon Ranch Commerce Center (TRCC) immediately adjacent to the Outlets at Tejon. Situated on 22 acres, the project will transform TRCC into a mixed-use community offering live, work and play opportunities. Offering a mix of studio, one- and two-bedroom apartments, the development will also feature a mixed-use town square joined with a Main Street feature, a clubhouse, fitness facilities, pool area and paseos that will provide walkable connectivity throughout. Construction is slated to begin in late 2022, with delivery of the first units approximately 12 months later at the end of 2023.
JOHNSTOWN, COLO. — Buc-ee’s has unveiled plans to enter the Colorado market with a travel center in Johnstown, approximately 60 minutes north of Denver. The development, which is the company’s first location outside of the South, is set to open in 2024. Located south of Weld County Road 48 and west of Interstate 25, the 74,000-square-foot Buc-ee’s Johnstown will offer 120 fueling positions and a store with thousands of snack, meal and drink options, including Texas barbecue, homemade fudge, kolaches, jerky and fresh pastries, for travelers. The location will be the most western and highest altitude Buc-ee’s to date. Founded in 1982, Buc-ee’s has 35 stores across Texas. The company begin its multi-state expansion in 2019 and now has locations in Florida, Georgia, Alabama, South Carolina, Kentucky and Tennessee.
TAMPA, FLA. — Stonemont Financial Group has plans to develop two industrial projects in the Tampa area comprising two warehouses in Tampa and four warehouses in Lakeland. The two projects will total 1.3 million square feet. JLL is overseeing leasing. Frampton Construction is the general contractor for both projects. In Tampa, Stonemont will break ground this spring on Sunlake Business Center, which will encompass two speculative rear-load facilities located along State Road 54. Building 1 will total 190,000 square feet and will feature 32-foot clear heights and 309 parking spots. Building 2 will be a 171,000-square-foot building with 32-foot clear heights and 231 parking stalls. The two facilities are designed to accommodate a range of user types and sizes. In Lakeland, Stonemont is also underway on Lakeland Commerce Center at County Line, an industrial park that will include a 148,100-square-foot building; 150,600-square-foot rear-load facility; 258,000-square-foot rear-load facility; and a 348,740-square-foot cross-dock facility situated on the Interstate 4 corridor just over 30 miles outside of Tampa. The development will include clear heights ranging from 32 to 36 feet, a total of 254 dock doors, 840 parking spaces and 450 trailer parking stalls available onsite.
SAN ANTONIO — Triten Real Estate Partners, a developer with offices in Houston and Dallas, will build Connection Park Logistics Center, a 490,083-square-foot industrial project that will be located on the east side of San Antonio. The site, which spans 32 acres at 6851 Cal Turner Drive, will offer proximity to Interstate 10 and Loop 410, as well as the industrial facilities of major users like Amazon, Dollar General and H-E-B. Construction of the Class A, cross-dock building is scheduled to begin by the end of the first quarter and to be complete by the end of the year.
ATHENS, GA. — Austin, Texas-based Lincoln Ventures has plans to break ground on 558 West Broad, a 750-bed community located near the University of Georgia campus in Athens. 558 West Broad will be a 600,000-square-foot property that offers 342 units in one-, two-, three-, four- and five-bedroom floorplans. All units will be fully furnished. Community amenities will include a full-service coffee shop, swimming pool, wellness center, residential lounge, private study rooms, study lounge, fitness center with yoga and spin studios, bike storage and a pet grooming station. Construction on the project is set to begin in June with delivery scheduled for fall 2024. Athens-based Smith Planning Group is the civil engineer and landscape architect. Niles Bolton Associates is the design firm, and Variant will work on interior design. Rabren General Contractors will oversee construction of 558 West Broad.
PISCATAWAY, N.J. — Indianapolis-based Duke Realty (NYSE: DRE) has broken ground on a 216,892-square-foot speculative industrial project that is located on a 21-acre site at 1570 S. Washington Ave. in the Northern New Jersey community of Piscataway. Building features include a clear height of 40 feet, 34 dock doors, 38 trailer parking spaces and 125 car parking spaces. Completion is slated for the fall. Colliers represented Duke Realty in its site selection and acquisition of the land and has also been retained to lease the property.