Development

LPC Southeast, Innovatus Capital Near Completion of Office Building Renovation in Orlando

by John Nelson August 25, 2022

ORLANDO, FLA. — Lincoln Property Co. Southeast (LPC Southeast) and Innovatus Capital Partners are putting the finishing touches on the $2.5 million overhaul of Westwood Corporate Center in Orlando. LPC Southeast manages the five-story, 125,000-square-foot office building on behalf of Innovatus Capital, which owns the property. Located at 6649 Westwood Blvd., Westwood Corporate Center now includes a two-story, all-glass lobby that features a coffee bar with an adjacent, tech-enabled training/conference center that is available to all tenants. Other upgrades include new touchless entry and purified HVAC system by Wynd Technologies, as well as new outdoor seating that surrounds a landscaped corridor to the neighboring tower that features ping pong tables and a life-size chess board. Additionally, a new private fitness center will offer exercise pods for those who don’t want to work out in groups, as well as instructors offering group classes for fitness programs including yoga and Zumba. The upgrades come on the heels of Marriott Vacation Club vacating its headquarters at Westwood Corporate Center after 20 years of tenancy.

August 25, 2022

Development Industrial Texas

Gap Opens 850,000 SF Distribution Center in Longview, Texas

by Taylor Williams August 24, 2022

LONGVIEW, TEXAS — Gap Inc. (NYSE: GPS) has opened an 850,000-square-foot distribution center in Longview, about 120 miles east of Dallas. The facility is the San Francisco-based apparel retailer’s seventh in North America and first in Texas. With the opening of this center, Gap expects to hire roughly 500 full-time employees by the end of 2023 and 1,000 part-time and seasonal workers by 2026. Construction began in early 2021, at which time the company valued the total capital investment at $140 million.

August 24, 2022

Development Multifamily Texas

Presidium Completes 370-Unit Multifamily Project in San Antonio

by Taylor Williams August 24, 2022

SAN ANTONIO — Texas-based developer Presidium has completed Presidium Chase Hill, a 370-unit multifamily project located near La Cantera Resort on the north side of San Antonio. Designed by REES Associates, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets and smart technology features. Amenities include a pool with a lounge and outdoor kitchen, a two-story fitness center with a yoga studio, clubhouse with a leasing office, multiple Wi-Fi lounges, dog park with a grooming station, media room and a rooftop terrace. Rents start at approximately $1,400 per month for a one-bedroom unit.

August 24, 2022

Development Multifamily Texas

RangeWater Underway on 350-Unit Multifamily Development in Metro Austin

by Taylor Williams August 24, 2022

MANOR, TEXAS — Atlanta-based developer RangeWater Real Estate is underway on construction of The Darby, a multifamily development in the northeastern Austin suburb of Manor that will consist of 326 apartments and 24 townhomes. Apartments will feature one-, two- and three-bedroom floor plans ranging in size from 757 to 1,400 square feet, and townhomes will come in three-bedroom formats with garages and private yards. The communal amenity package comprises a pool, fitness center, dog park and outdoor grilling and dining areas. Construction is scheduled to be complete in fall 2023.

August 24, 2022

Delaware Development Industrial Northeast

DuPont Electronics to Undertake $50M Industrial Expansion Project in Glasgow, Delaware

by Taylor Williams August 24, 2022

GLASGOW, DEL. — DuPont Semiconductor Technologies, a division of DuPont Electronics & Industrial, will undertake a $50 million industrial expansion project in the northern Delaware city of Glasgow. The 385,000-square-foot facility will be used for the fabrication, packaging and assembly of materials used in semiconductors that support numerous electronics-based industries. About 70 employees from DuPont’s existing facility in nearby Newark will staff the new plant along with 10 or so new hires. The company expects its new facility to be operational by the first quarter of 2024.

August 24, 2022

Development Florida Southeast Student Housing

RD Management, Core Spaces Open $65M Student Housing Community Near USF in Tampa

by John Nelson August 24, 2022

TAMPA, FLA. — RD Management LLC and Core Spaces have opened Hub Tampa, a 359-unit student housing community located at the corner of University Square and Club drives in Tampa. The $65 million, off-campus property is situated near the University of South Florida (USF) and features 900 student housing beds. Amenities include a health and wellness center, rooftop pool and a study and work center, as well as an activities and events area. The student housing property is part of a mixed-use redevelopment of University Mall named RITHM. The 113-acre campus will include new Sprouts Farmers Market and Burlington stores that are set to open in 2023, as well as an extended stay Marriott hotel.

August 24, 2022

Development Georgia Leasing Activity Office Southeast

CP Group Rolls Out Flexible Office Concept Within Atlanta Portfolio

by John Nelson August 24, 2022

ATLANTA — CP Group, a Boca Raton, Fla.-based office real estate investment firm, has debuted its “worCPlaces” flexible office program within its Atlanta portfolio. The concept is now available for occupancy within Lakeside Office Park and One and Two Ravinia, office properties that are located in the city’s Central Perimeter office submarket. Eric Ross, Sabrina Gibson and Stewart Thrash of CBRE will serve as leasing agents for the new worCPlaces on behalf of CP Group, which is the second-largest office landlord in the state of Georgia. Designed by Gensler and ASD|Sky, worCPlaces are amenitized workspaces that are move-in ready for office tenants. Within the Atlanta portfolio, the new spaces that have come on line include 12 individual spec suites ranging from 1,800 to 9,700 square feet on the fifth, ninth and 11th floors at One and Two Ravinia. Several of the suites include new furniture while others can be furnished by worCPlaces. Additionally, 10 spec suites ranging from 1,400 square feet to 4,600 square feet and a newly completed coworking space are all contained within a standalone, two-story building at Lakeside Office Park, a five-building, 406,000-square foot office development. The coworking spaces at Lakeside also include available furnishings; in-building, digitally …

August 24, 2022

Arizona Development Multifamily Seniors Housing Western

Revel Communities Opens Two Independent Living Properties in Scottsdale, Arizona

by Amy Works August 23, 2022

SCOTTSDALE, ARIZ. — Revel Communities has completed construction of Revel Scottsdale and Revel Legacy, both independent living communities in Scottsdale. Then properties are the 12th and 13th independent living communities the brand has opened since launching in 2018, and its first two in Arizona. Revel Scottsdale offers 157 units near the bustling shops and dining of Old Town Scottsdale, with rents starting at $3,695 per month. Revel Legacy offers 169 units among the mountain views of North Scottsdale with rents starting at $3,795 per month.

August 23, 2022

Development Industrial Texas

Bauer Group Unveils Plans for 79-Acre Industrial Redevelopment in Conroe, Texas

by Taylor Williams August 23, 2022

CONROE, TEXAS — The Bauer Group, an international construction firm and machinery manufacturer, has unveiled plans for Northstar Industrial Park, a project in the northern Houston suburb of Conroe. The 79-acre site, which currently houses five warehouse and distribution buildings totaling approximately 200,000 square feet, formerly served as the U.S. headquarters for Bauer Group’s subsidiary, NEORig. The development team, which includes leasing agency Avison Young, will market the buildings to distribution and manufacturing users following NEORig’s departure from the site. The team also plans to construct build-to-suit facilities on the site’s 31.5 acres of undeveloped land, which could ultimately yield as much as 500,000 square feet of leasable product.

August 23, 2022

Development Florida Mixed-Use Multifamily Southeast

Flaherty & Collins to Develop $103M Apartment Community in Downtown Cape Coral, Florida

by John Nelson August 23, 2022

CAPE CORAL, FLA. — Flaherty & Collins Properties plans to break ground on The Cove at 47th, a $103 million mixed-use project in downtown Cape Coral. The development will include 327 luxury apartments, 19,000 square feet of ground-floor commercial space and a 585-space parking garage, with 125 spaces reserved for the public. Apartments will come in studio, one-and two-bedroom configurations. The development will also include a steakhouse and sushi concept, Blu Sushi, that will serve as the anchor tenant. The project also includes a resident rooftop sky deck, rooftop bar and resort-style amenities, including a beach-entry saltwater pool with lap lanes, coworking suites, fitness center, pet spa and private electric vehicle charging stations. The project team includes general contractor DeAngelis Diamond and architectural firm Baker Barrios Architects. First Financial Bank and Huntington Bank are providing construction financing to Flaherty & Collins, which expects to open first units in about 16 months and all units by late summer 2024.

August 23, 2022

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