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Development

150-Old-New-Brunswick-Road-Piscataway-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Duke Realty Completes 622,230 SF Industrial Project for Bob’s Discount Furniture in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — Indianapolis-based Duke Realty has completed a 622,230-square-foot, build-to-suit industrial project for Bob’s Discount Furniture in the Northern New Jersey community of Piscataway. Building features include 40-foot clear heights, 125 dock doors, 302 automobile parking spaces and 127 trailer parking spaces. The Connecticut-based national discount retailer, which operates 150 stores across 23 states, expects to bring hundreds of new jobs to the area in the coming years as it expands its supply chain and distribution network.

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Aspen-East-Penn-State-College
DevelopmentMultifamilyNortheastPennsylvaniaStudent Housing

Aspen Heights Breaks Ground on 651-Bed Multifamily Project in State College, Pennsylvania

by Taylor Williams

STATE COLLEGE, PA. — Aspen Heights Partners, an Austin-based developer of apartment and student housing communities, has broken ground on Aspen East Penn, a 651-bed multifamily project in State College, home of Penn State University. The two-building property will be located less than a mile from campus and will house 24,299 square feet of ground-floor retail space. In addition, Aspen East Penn will feature one-, two-, three-, four- and five-bed floor plans across its 262 units, 28 of which will be reserved as workforce housing. Amenities will include a pool, courtyard and an outdoor terrace. Completion is slated for 2023.

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99-Bridge-Summit-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Partnership Begins Leasing 150-Unit Apartment Complex in Old Bridge, New Jersey

by Taylor Williams

OLD BRIDGE, N.J. — A partnership between developers BNE Real Estate Group, LPZ and Sterling Properties has begun leasing 99 Bridge, a 150-unit apartment complex in Old Bridge, about 35 miles south of New York City. The property features one- and two-bedroom units with quartz countertops, stainless steel appliances, espresso cabinetry and individual washers and dryers. Amenities include a pool, fitness center, coworking lounge, outdoor grilling areas, game room, dog park, package lockers and a children’s play area. Monthly rents start at $2,280 for a one-bedroom unit.

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The-Village-at-Waller
DevelopmentMultifamilySingle-Family RentalTexas

LYND, T.R. Inscore to Develop $35M Single-Family Rental Community in Waller, Texas

by Taylor Williams

WALLER, TEXAS — San Antonio-based developer LYND and T.R. Inscore have formed a joint venture to develop single-family rental communities and will kick off the endeavor with a $35 million project in Waller, a northwestern suburb of Houston. The first phase of the development, which will be branded The Village at Waller, will consist of 118 units that will be constructed on a 14.7-acre site. The joint venture plans to potentially build as many as 700 homes on an additional 52 acres. Residences will feature two- and three-bedroom formats and range in size from 1,090 to 1,657 square feet. Communal amenities will include a pool, fitness center, dog park, playground and outdoor grilling areas. Rents will range from $1,600 to $2,250 per month.

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ArizonaDevelopmentMultifamilyWestern

Orion Investment Real Estate Negotiates $2.4M Land Sale for Multifamily Development in Phoenix

by Amy Works

PHOENIX — Orion Investment Real Estate has brokered the sale of an infill land parcel located on Central Avenue in Midtown Phoenix. The buyer, an undisclosed developer, is assembling the adjoining parcels to develop a 144-unit multifamily property. The development site sold for $2.4 million, or $80.58 per square foot. Nick Miner of Orion represented the undisclosed seller in the deal.

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AcquisitionsDevelopmentMultifamilyNew YorkNortheast

CBRE Negotiates $63M Sale of Future Multifamily Development Site in Queens

by Taylor Williams

NEW YORK CITY — CBRE has negotiated the $63 million sale of a future multifamily development site in the Long Island City area of Queens. The buyer, North Carolina-based Grubb Properties, plans to build a 17-story, 317-unit residential tower with 9,000 square feet of retail space at the 54,000-square-foot site. Demolition permits for the existing two-story building on the site were filed in May. Dan Kaplan and Elli Klapper of CBRE represented the seller, a private real estate family consisting of three limited liability companies, in the transaction. Handel Architects is the architect of record for the project.

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Towne-Gate-Commons-Souderton-Pennsylvania
DevelopmentMixed-UseNortheastPennsylvania

Select Properties Begins Work on $40M Mixed-Use Project in Souderton, Pennsylvania

by Taylor Williams

SOUDERTON, PA. — Locally based developer Select Properties Inc. has begun construction on Towne Gate Commons, a $40 million mixed-use project in Souderton, about 40 miles north of Philadelphia. Located at the site of the former Souderton Area High School, Towne Gate Commons will include 66 new three-bedroom townhomes with private balconies and two-car garages. The new residences will add to the 74 townhomes that were completed and leased in 2019 under the first phase of the project. Towne Gate Commons will also offer dining options, retail space, a public park with an amphitheater and a public plaza.

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The-Mariner-Marblehead-Massachusetts
DevelopmentMassachusettsMultifamilyNortheastSeniors Housing

Callahan Construction Managers Breaks Ground on 87-Unit Seniors Housing Project Near Boston

by Taylor Williams

MARBLEHEAD, MASS. — Callahan Construction Managers has broken ground on The Mariner, a seniors housing project in Marblehead, located in the southern coastal part of the state, that will house 61 assisted living units and 26 memory care units. The Northbridge Cos., in partnership with Heather Cairns, Michael Lafayette and Philip Helmes, a local development team, is developing the building. EGA is serving as the project architect. The Mariner will feature a full-service restaurant, private dining, lounge, café, living rooms, beauty salon, health and wellness room, library and a movie theater. Completion is slated for February 2023.

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DevelopmentHealthcareIowaMidwest

Ryan Cos. Breaks Ground on 72,000 SF Cardiovascular Center in Cedar Rapids, Iowa

by Kristin Harlow

CEDAR RAPIDS, IOWA — Ryan Cos. US Inc. and Mercy Cedar Rapids have broken ground on The Heart Center at Mercy, a 72,000-square-foot cardiovascular center in Cedar Rapids. A skybridge will connect the center to the main Mercy hospital. Plans call for space for screenings and detection services as well as community education spaces for CPR and defibrillator training. Construction is scheduled to begin this fall and completion is slated for mid-2023. Ryan is serving as both designer and builder for the project.

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DevelopmentHealthcareIllinoisMidwest

Loyola Medicine Opens 30,000 SF Laboratory Facility in Maywood, Illinois

by Kristin Harlow

MAYWOOD, ILL. — Loyola Medicine has opened a 30,000-square-foot clinical laboratory facility to serve Loyola University Medical Center, its academic medical center, as well as two community hospitals, Gottlieb Memorial Hospital and MacNeal Hospital. The new laboratory is housed on the fourth and fifth floors of the existing emergency medical services building, which is located at the Maywood campus of Loyola University Medical Center. HED designed the space and Leopardo Construction served as the general contractor.

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