Development

LA Chargers Unveil Plans for New Team Headquarters, Training Facility in El Segundo

by Jeff Shaw November 3, 2021

EL SEGUNDO, CALIF. — The Los Angeles Chargers have reached an agreement with Continental Development Corp. and Mar Ventures Inc. to build its new corporate headquarters and training facility on a 14-acre site in El Segundo, about 20 miles southwest of Los Angeles. Designed by Gensler Sports, the project will be situated less than three miles from the Los Angeles International Airport and seven miles from SoFi Stadium, where the football team plays. The Chargers had been searching for a location for more than four years, according to Dean Spanos, owner and chairman of the board. Special features within the headquarters will include a rooftop hospitality club, full e-sports gaming and content studios and a 3,100-square-foot media center. The main building will span nearly 145,000 square feet. There will also be three natural grass fields with an artificial turf perimeter that can be taken in from 7,600 square feet of elevated outdoor terrace space. Outdoor amenities will include an additional 3,400-square-foot elevated turf area and a two-lane lap pool for player rehabilitation. The field area is designed to accommodate bleacher seating for more than 5,000 people. With 348 onsite parking spaces and accommodations available for offsite parking, the Chargers will …

November 3, 2021

Affordable Housing California Development Multifamily Seniors Housing Western

R.D. Olson Breaks Ground on Two Affordable Housing Communities in Los Angeles County

by Amy Works November 3, 2021

LONG BEACH AND WEST CARSON, CALIF. — R.D. Olson Construction has broken ground on two affordable housing communities in Los Angeles County: Anaheim and Walnut in Long Beach and West Carson Villas in West Carson. The projects are slated for completion by summer 2023. Developed by Bridge Housing in partnership with the City of Long Beach and the Long Beach Housing Authority, Anaheim and Walnut will feature 207,000 square feet of mixed-use space at 1500 E. Anaheim St. in Long Beach. The $44 million project will offer 88 housing units in a mix of one-, two- and three-bedroom layouts for formerly homeless seniors (age 55 or older) and low-income families that earn between 30 percent and 60 percent of area median income (AMI). The property will include four levels of residential space over the ground-floor commercial space and a three-story parking structure. The fourth-floor terrace of the parking structure features amenities including a tot lot, exercise equipment, barbecues, seating areas, trellises, community planters and rubber surface flooring. SVA Architects is serving as architect for the project. PATH Ventures, in partnership with the Los Angeles County Development Authority, is developing West Carson Villas at 22801-22905 S. Vermont Ave. in West Carson. …

November 3, 2021

Development Loans Maryland Multifamily Southeast Student Housing Texas Top Stories

Greystar Closes $600M in Financing for Three Student Housing Projects in Texas, Maryland

by Kristin Harlow November 3, 2021

AUSTIN, TEXAS AND COLLEGE PARK, MD. — Greystar has closed on $600 million in financing for the development of three student housing projects located in Texas and Maryland. Construction on all developments began in October with completion scheduled for fall 2024. The projects include Union on San Antonio, a $171 million, 991-bed high-rise being built through a public-private partnership with the St. Austin Catholic Parish. The project is located one block from the University of Texas at Austin campus and will include a new Catholic parish, rectory and K-8 school for $32 million. Page designed the student housing tower, which will feature shared amenities including a swimming pool, rooftop deck and fitness center. Greystar’s Austin team will oversee the construction of the project with Hensel Phelps as general contractor. The second development serving students attending the University of Texas is Union on 24th, a $262 million, 1,448-bed high-rise community in Austin’s West Campus neighborhood. Greystar will lead the development and self-perform construction. The final project is Knox Road, a $140 million community near the University of Maryland in College Park. The project is being developed through a public-private partnership with Terrapin Development Co., an entity comprised of the University of Maryland …

November 3, 2021

Acquisitions Development Mixed-Use Southeast Virginia

Breeden Receives Approval for $27M Mixed-Use Project in Richmond’s Scott’s Addition

by Julia Sanders November 2, 2021

RICHMOND, VA. — The Breeden Co. has received approval for a $27 million mixed-use project in Richmond’s Scott’s Addition area. The company is in the process of closing on 2 acres of land on Hermitage Road for the mixed-use project. The development will include a 142-unit multifamily community, as well as 24,000 square feet of commercial space, which will be the new corporate headquarters for Breeden Construction. The multifamily space, formally named Duplex Station on Hermitage, will feature one-, two- and three-bedroom apartments. Units will feature granite countertops, vinyl plank flooring and washers and dryers. Community amenities will include a pool, fitness center, rooftop lounge, electric car charging stations and bicycle storage. Breeden Construction will serve as the general contractor on the project. Construction is planned for early 2023.

November 2, 2021

Development Georgia Industrial Office Southeast

Joint Venture to Redevelop 35,500 SF Warehouse in Metro Atlanta into Office Space

by Julia Sanders November 2, 2021

CHAMBLEE, GA. — A joint venture between Seven Oaks Co. LLC and Packard Capital LLC have plans to redevelop 2135 American Industrial Way, a 35,500-square-foot warehouse in downtown Chamblee. Slated for completion by June 2022, the two-acre site and single-story building will be redeveloped into creative office space. The 2135 American Industrial Way building, which served as a warehouse for an event rental company and an antique showroom that provided movie props, will include a 1,200-square-foot covered front patio, an outdoor beer garden-style seating area and a dedicated food truck parking place. The interior will feature a furnished lobby with roll-up garage doors connected to the front patio, façade windows, the ability to add exterior access points and the option to modify windows to allow for open and close functionality. Winter Construction Co. will serve as the general contractor, and Aileen Almassy and Andy Sumlin of Cushman & Wakefield will oversee leasing efforts. S/L/A/M Collaborative is the designer for the building. Kimley-Horn is completing the civil and engineering design work, and Atlantic Capital Bank is providing construction debt financing.

November 2, 2021

Development Industrial Texas

Rosewood, Champion Begin Work on 610,000 SF Spec Industrial Project in Metro Dallas

by Taylor Williams November 2, 2021

WILMER, TEXAS — A partnership between two locally based developers, Rosewood Property Co. and Champion Partners, has begun construction on Tradepoint 45 East, a 610,000-square-foot speculative industrial project located in the southern Dallas suburb of Wilmer. Tradepoint 45 East will feature 40-foot clear heights, 112 dock doors and 215 trailer stalls. Pross Design Group is the project architect, and Kimley-Horn is the civil engineer. The Conlan Co. is the general contractor, and Veritex Community Bank provided construction financing. Stream Realty Partners is marketing the building for lease. Construction is slated for a third-quarter 2022 completion.

November 2, 2021

Development Multifamily Texas

Presidium Breaks Ground on 368-Unit Multifamily Project in Frisco Square

by Taylor Williams November 2, 2021

FRISCO, TEXAS — Texas-based multifamily developer Presidium has broken ground on Presidium Frisco Square, a 368-unit multifamily project located within the Frisco Square mixed-use development in metro Dallas. Units will offer keyless entry mechanisms, ecobee thermostats and energy-efficient appliances. Amenities will include a pool, three courtyards with outdoor kitchens, a dog park, clubroom, cinema lounge, golf simulator, fitness center and a business center with micro-offices and a podcast room. Dallas-based O’Brien Architects designed the project. Presidium expects to deliver the first units in June 2023.

November 2, 2021

Development Illinois Industrial Midwest

Contegra Completes 624,000 SF Distribution Center in Metro St. Louis, Begins Construction of 1 MSF Facility

by Kristin Harlow November 2, 2021

PONTOON BEACH, ILL. — Contegra Construction Co. has completed the third distribution center at NorthPoint Development’s Gateway Tradeport in Pontoon Beach, about 13 miles northwest of St. Louis. Contegra is now building a 1 million-square-foot facility at the development that will be the largest speculative distribution center in the St. Louis area, according to the general contractor. With the completion of the 624,000-square-foot Gateway Tradeport III, the 600-acre Gateway Tradeport is now home to more than 1.7 million square feet of distribution space, all of which was built by Contegra. Building III features a clear height of 40 feet, 64 dock doors and parking for 181 trailers. Building IV is slated for completion in 2022.

November 2, 2021

California Development Multifamily Seniors Housing Western

Kendal Corp. Breaks Ground on 221-Unit Seniors Housing Community in Healdsburg, California

by Amy Works November 2, 2021

HEALDSBURG, CALIF. — San Francisco Zen Center and The Kendal Corp. have broken ground on Enso Village, a 221-unit seniors housing community in the Bay Area city of Healdsburg. The development will sit on approximately 16 acres of land in what is called the North Village. The community will feature a vegetarian restaurant, demonstration kitchen, indoor pool and gym, meditation hall and onsite farm for growing fresh produce for the restaurant. Weitz is building the project, which is scheduled for completion in 2023.

November 2, 2021

Development Industrial New Jersey Northeast

Duke Realty Breaks Ground on 267,575 SF Cold Storage Project in Woodbridge, New Jersey

by Taylor Williams November 2, 2021

WOODBRIDGE, N.J. — Indianapolis-based Duke Realty Corp. (NYSE: DRE) has broken ground on a 267,575-square-foot, build-to-suit cold storage project in the Northern New Jersey community of Woodbridge for FreezPak Logistics. The facility will consist of roughly 209,500 square feet of freezer space, a 45,760-square-foot cool dock and another 12,000 square feet of office space. The construction plan includes a clear height of 67 feet in the freezer and 30 feet in the cool dock area, as well as 34 dock doors, 70 trailer spaces and 167 automobile parking spaces. David Gheriani, William Waxman, Mindy Lissner and Kevin Dudley with CBRE, along with internal representative Ben Rosen, represented Duke Realty in the lease negotiations with FreezPak.

November 2, 2021

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