HOUSTON — Midway has completed the renovation of The Moran, a 244-unit hotel located within the local developer’s CITYCENTRE mixed-use destination in West Houston. As part of the renovation, all guestrooms received furnishing, bedding, lighting and technology upgrades. In addition, the development team upgraded the hotel’s meeting and event spaces, as well as the lobby and front entrance areas, and introduced multiple new food-and-beverage concepts.
FRISCO, TEXAS — Veritex Community Bank will open a new office and retail branch in Frisco. The building will span 40,000 square feet, and Veritex will occupy the ground floor, while the remainder of the space will be leased to other tenants. Amenities will include a golf simulator and putting areas, a nod to the building’s proximity to the PGA of America’s headquarters campus. The building will also house a boardroom and training areas. Locally based firm Cawley Partners is leading development of the project. The general contractor, Scott + Reid, plans to begin construction before the end of the month. Completion is slated for early 2026.
DELRAY BEACH, FLA. — A joint venture between Altman Logistics Properties and PCCP has begun vertical construction of the first phase of Apex Logistics Park at Delray, an approximately 200,000-square-foot, Class A logistics building in Delray Beach. The first phase of the development is slated for completion in the second quarter, with an additional 472,000 square feet planned for a total of three industrial buildings. Spanning 40 acres, Apex Logistics Park is expected to include 36-foot ceiling heights, 215 parking spaces, 45 dock doors and direct access and frontage to US Highway 441. Additional sustainable elements of the property will feature R-19 roof insulation and solar-ready roofing, electric vehicle charging stations, indoor air quality enhancements, interior LED lighting and advanced exterior lighting control systems. Christopher Thomson and Matthew McAllister of Cushman & Wakefield will lead leasing efforts for the property. Altman Logistics Properties has several other projects underway across Florida, including plans to break ground on an approximately 202,000-square-foot industrial development in Lakeland and an estimated 182,000-square-foot warehouse logistics facility in Davie.
CHICAGO — Urban Innovations has completed a retail build-out for Baggu at 1639 N. Damen Ave. in Chicago’s Bucktown neighborhood. Urban Innovations gutted the 1,960-square-foot space and installed a new storage room, restroom and back-of-house office space for staff. The main store has new millwork shelving, a custom-built checkout desk, penny tile flooring, track lighting and merchandise paneling to display bags and other items for sale. The project team also completed new exterior signage. Haddock Studio designed the space for the tenant, and Jenel Real Estate owns the building. Baggu gained popularity on the internet for its unique reusable bags.
BONITA SPRINGS, FLA. — Five new tenants are joining the tenant roster at Midtown at Bonita, a 68-acre mixed-use development in Bonita Springs, about 15 miles north of Naples. The project’s developer, The Zuckerman Group, recently signed LowBrow Pizza & Beer, Pacific Dental Services, Mathnasium, Gelato&Co. and Beau’s BBQ to the lineup. Set to open in 2026, the mixed-use development will offer 315,000 square feet of dining, shopping, lifestyle, entertainment, wellness and service options for residents in the Southwest Florida region. The development will also feature 400 residential units and a 165-room hotel. The new additions join a tenant roster of national, regional and local retailers already committed to Midtown at Bonita, including Panera Bread, Good Vets, Club Pilates and Jeff’s Bagel Run, among others.
HICKORY CREEK, TEXAS — Leon Multifamily Group, a division of Dallas-based Leon Capital Group, has completed Lakesound, a 360-unit apartment development in Hickory Creek, located north of the metroplex in Denton County. Lakesound offers studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets, individual washers and dryers and private patios/balconies. The amenity package comprises a pool, fitness center, clubroom and lounge, walking trails, work pods and outdoor grilling and dining stations. The first units are now available for occupancy, and rents start at $1,400 per month for a studio apartment.
STARKVILLE, MISS. — HPM has topped out Azalea Hall, a new five-story residence hall on the campus of Mississippi State University in Starkville. Construction began on the 412-bed project in 2023 and is slated to deliver ahead of the 2025-2026 school year. Units at Azalea Hall will come in pod-style configurations with shared bathrooms and common areas. The building will also feature a living and learning community for students in the Luckyday Scholars Program that has a dedicated study area and classroom space, as well as a new dining hall with indoor and outdoor seating. Azalea Hall will also feature a storm shelter that can be used for meeting or classroom space as needed. HPM is serving as the construction manager and advisor to the University of Mississippi, which represents the first partnership between the two entities. Additional project partners include architect WBA Architecture, general contractor Roy Anderson Corp., mechanical engineer GSK Mechanical and electrical engineer The Power Source.
TAMPA, FLA. — Crescent Communities has opened Novel Independence Park, a 277-unit apartment community located in Tampa’s Westshore District. The property features studio, one-, two- and three-bedroom residences across three five-story buildings. Monthly rental rates range from $2,032 to $3,035, according to Apartments.com. Amenities include a resort-style saltwater swimming pool and cabanas, outdoor grilling area and firepit, fitness center complete with a flex studio for yoga and spin classes, elevated sky deck and resident clubroom, indoor and outdoor coworking spaces, shaded dog park, nature trail and a pickleball court. Crescent’s financial partners for Novel Independence Park include CP Capital US and Truist. The design-build team includes architect Dwell Design Studio, civil engineer Haiff Associates, landscape architect LandDesign, interior designer Vignette Interior Design and general contractor CBG Construction.
CHARLOTTESVILLE, VA. — Up Campus Student Living is set to break ground on Blume on Ivy, a 641-bed student housing development located near the University of Virginia campus in Charlottesville. The community will offer one-, two-, three- and four-bedroom, fully furnished units. Shared amenities will include a resort-style pool; rooftop entertainment deck with a jumbotron, cabanas, grills and fire pits; a game day lounge; golf simulator; and a boutique health-and-wellness center with private cross-training studios and a sauna. The project is scheduled for completion in fall 2027. TSB Capital Advisors arranged construction financing for the development, which was provided by Fifth Third Bank with additional participation from First Citizens Bank.
JOHNS ISLAND, S.C. — General contractor Center Park Group has delivered the first tranche of townhomes at Sanderling, a 56-unit build-to-rent (BTR) residential community located at 3021 Maybank Highway in Johns Island, about 13 miles south of Charleston. Atlanta-based RangeWater Real Estate is providing property management services at Sanderling on behalf of the owners, Equus Development Partners and Circle Squared Alternative Investments. Center Park expects to deliver all BTR homes at Sanderling by March. Units span up to 1,443 square feet and come in two- and three-bedroom configurations with one-car garages and front porches. Community amenities include a dog park and three acres of forested land with walking trails throughout.
