Development

KPC Development Tops Out 300-Room Kali Hotel and Rooftop in Inglewood, California

by Amy Works September 11, 2025

INGLEWOOD, CALIF. — KPC Development Co. has topped out the construction of Kali Hotel and Rooftop, Autograph Collection, a $300 million hotel in Inglewood’s 300-acre Hollywood Park mixed-use development. Crescent Hotels & Resorts will manage the hotel, which will be part of Marriott Bonvoy’s global portfolio. Slated to open in September 2026, Kali Hotel and Rooftop will offer 300 guest rooms, including 34 suites, an all-day dining concept, lobby bar, pool and yoga deck, spa, fitness center and nearly 20,000 square feet of meeting and event space. The project team includes Clayco as general contractor, Lamar Johnson Collaborative as architect and Sixteenfifty Creative Intelligence and Gensler as interior designers.

September 11, 2025

Development Indiana Midwest Mixed-Use

Skender to Build $105M Mixed-Use Development in Westfield, Indiana

by Kristin Harlow September 11, 2025

WESTFIELD, IND. — Skender will build a $105 million mixed-use project in downtown Westfield, a northern suburb of Indianapolis. Previously known as Jersey 32, the development was recently renamed The Grand on Main. The Westfield City Council approved the project in July. Plans call for 216 residential units, 51,000 square feet of ground-floor retail space and more than 15,000 square feet of commercial office space. Skender will also move into office space within the development. In addition to Skender, the project team includes BW Development and Studio M as designer. Construction is scheduled to begin later this year, with completion slated for 2027.

September 11, 2025

Development Midwest Multifamily Wisconsin

M&R Development Breaks Ground on 278-Unit Luxury Apartment Community in St. Francis, Wisconsin

by Kristin Harlow September 11, 2025

ST. FRANCIS, WIS. — M&R Development has broken ground on a 278-unit luxury apartment complex on a bluff overlooking Lake Michigan in St. Francis, about five miles south of downtown Milwaukee. Named The Bluffs on Lake, the project will offer units ranging from studios to three bedrooms. M&R is co-developing the property with Campbell Capital Group LLC, the same firm it teamed with for the development of 42 Hundred on the Lake, a 236-unit luxury building just south of The Bluffs on Lake that opened in 2021. Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on Lake will comprise a four- and five-story building with one level of underground parking and 8,000 square feet of first-floor retail space, some of which is earmarked for a restaurant with outdoor seating. First deliveries are targeted for late 2026 with preleasing expected to start that fall. The project will feature a business center, meditation room, Zen Garden, self-service package room and two-level fitness center. A two-story clubhouse will include an entertainment lounge, coffee bar, media room, game room and pet spa. A main outdoor courtyard will comprise an infinity-edge pool, grilling stations and bocce ball court. A second courtyard …

September 11, 2025

Acquisitions Development Michigan Midwest Multifamily

Robertson Brothers Buys 1.8-Acre Multifamily Development Site in Novi, Michigan

by Kristin Harlow September 11, 2025

NOVI, MICH. — Robertson Brothers has purchased 1.8 acres of vacant land on 11 Mile Road in Novi. The local developer acquired the site with plans to build a multifamily project. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the undisclosed seller.

September 11, 2025

Development Mixed-Use Texas Top Stories

Quadrant Investment to Develop $240M Mixed-Use Project in Metro Dallas

by Hayden Spiess September 11, 2025

ADDISON, TEXAS — Texas-based Quadrant Investment Properties (QIP) will develop a new, $240 million mixed-use project in Addison, a northern metro of Dallas. Earlier this week, the Addison City Council approved a development agreement with the company. Dubbed Addison Junction, the development will span 14 acres and will feature a 155,550-square-foot office building; a 140-room boutique hotel; 30,000 square feet of entertainment space; and The Hangar, a 12,000-square-foot event venue. Plans for the project also include restaurants, a Texas-themed beer garden, rooftop patios and public plazas. A construction timeline was not disclosed. Addison Junction will be connected to Addison Circle Park and the Cotton Belt Trail Corridor, both of which are part of a 57-mile hiking and biking path system. The property will also feature proximity to the Addison Airport, the Dallas North Tollway office corridor and the town’s bus transit center. A new line of the Dallas Area Rapid Transit (DART) commuter rail system and the Addison Circle Silver Line Station are also currently underway near the development site and will offer connectivity to Plano, Richardson, Carrollton, Cypress Waters Dallas and the DFW International Airport. “Addison Junction offers a rare canvas to provide a destination pedestrian-oriented district that will …

September 11, 2025

Development Loans Multifamily Office Texas

CIM Group Provides $132.5M Construction Loan for Office-to-Residential Conversion Project in Dallas

by Taylor Williams September 10, 2025

DALLAS — Los Angeles-based lending and investment firm CIM Group has provided a $132.5 million construction loan for an office-to-residential conversion project in Dallas. The project represents the second phase of Peridot, a development that converted 11 floors of office space within the 50-story Santander Tower in the downtown area into 291 apartments with one- and two-bedroom floor plans. This next phase will add another 105 apartments. The borrower is a partnership between Pacific Elm Properties and Mintwood Real Estate. Santander Tower also houses the 60-room Mint House luxury hotel on floors 49 and 50, which also represents an office conversion. Adolfson & Peterson Construction is the general contractor. A tentative completion date for the next phase of Peridot was not disclosed.

September 10, 2025

Development Industrial Texas

Hillwood to Develop Two Spec Industrial Buildings Totaling 1.1MSF in North Fort Worth

by Taylor Williams September 10, 2025

FORT WORTH, TEXAS — Hillwood will develop two speculative industrial buildings totaling 1.1 million square feet at AllianceTexas, the firm’s 27,000-acre master-planned community in North Fort Worth. Alliance Westport 15 will be a 798,494-square-foot, cross-dock structure with 40-foot clear heights, 190-foot truck court depths, parking for 360 cars and 199 trailers and land for future expansion. Alliance Gateway 34 will be a 310,036-square-foot building with 36-foot clear heights, 190-foot truck court depths and parking for 286 cars and 73 trailers. GSR Andrade designed both buildings. Frost Bank is financing construction, which is scheduled to begin this month and to be complete before the end of next year.

September 10, 2025

McKay-at-Will-Clayton-Logistics-Center-Humble

Development Industrial Texas

Triten Real Estate Completes 171,000 SF Distribution Center in Humble, Texas

by Taylor Williams September 10, 2025

HUMBLE, TEXAS — Locally based developer Triten Real Estate Partners has completed a 171,000-square-foot distribution center in Humble, a northern suburb of Houston. Known as McKay at Will Clayton Logistics Center and built on a speculative basis, the property features multiple drive-up ramps with oversized doors, fenced truck courts, 41 dock-high doors and 4,360 square feet of office space. Project partners included Method Architecture, Angler Construction and Grey Wolf Engineers. CBRE is the leasing agent. Construction began last October.

September 10, 2025

Development Southeast Student Housing Tennessee

Middle Tennessee State University, Annex Group Plan 554-Bed Residence Hall Project

by John Nelson September 10, 2025

MURFREESBORO, TENN. — A public-private partnership between Middle Tennessee State University (MTSU) and The Annex Group has announced plans for Wommack Lane Commons, a 554-bed residence hall project on the MTSU campus in Murfreesboro. The community would replace the existing Wommack Lane Apartments, which were built nearly 50 years ago at the corner of Homecoming Drive and Blue Raider Circle. The partnership will be seeking approval for a ground lease to begin development with the State Building Commission in November. If approved, the community will offer semi-suite and suite-style units with a combination of shared and private bedrooms. Shared amenities will include an entry lounge and lounge space on each floor; a community kitchen and laundry room; private and small group study spaces; and a landscaped courtyard. The development will also include office space. Construction is expected to begin in January 2026 with completion scheduled for fall 2027. The development team includes Smith Gee Studios and SCB. The Annex Group will act as developer, general contractor, facility manager and asset manager for the community, with MTSU providing residence life and leasing services upon completion.

September 10, 2025

Development Multifamily New Jersey Northeast

Vertical Real Estate Completes 67-Unit Multifamily Project in Northern New Jersey

by Taylor Williams September 10, 2025

HO-HO-KUS, N.J. — Vertical Real Estate Capital has completed 619 North, a 67-unit multifamily project located in the Northern New Jersey community of Ho-Ho-Kus. The property offers one- and two-bedroom units and amenities such as a residential lounge, coffee bar, coworking center with private conference rooms, fitness center, sport simulator and a rooftop lounge. Mary Cook Associates handled interior design of the project. Jon Mikula, Max Custer and Michael Donohoe of JLL arranged permanent financing for the project through an undisclosed life insurance company. Rents start at $3,400 per month for a one-bedroom apartment.

September 10, 2025

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