Development

Jefferson Apartment Group Completes 264-Unit Apartment Community in Orlando

by Julia Sanders June 30, 2021

ORLANDO, FLA. — Jefferson Apartment Group has opened Jefferson Sand Lake, a 264-unit apartment complex in Orlando. The multifamily community was developed in partnership with Germantown, Tenn.-based MAA, a publicly traded REIT and owner-operator of apartments. Jefferson Sand Lake is a lakefront property with views of Mirror Lake and Big Sand Lake. Community amenities include a heated pool, outdoor cabanas and sun shelves, a covered outdoor terrace with lounge seating and entertainment space, two fire pit lounges, grilling areas and a clubroom featuring a poker table and billiards. Additional amenities include a business center, conference room, two micro-offices, fitness center, onsite dog park, pet spa, covered garages, electric vehicle charging stations, 24/7 package locker system and a zen garden. The apartment complex has a mix of one-, two- and three-bedroom apartments. Each unit features stainless steel appliances, granite countertops, ceramic tile backsplash, pantries with adjustable shelving, walk-in closets, a full-size washer and dryer, ceiling fans, screened patios/balconies, linen closets and bathrooms with glass enclosed showers and double vanity options. The gated community is already 30 percent leased.

June 30, 2021

Development Georgia Multifamily Seniors Housing Southeast

Capitol Seniors Housing Breaks Ground on 180-Unit Outlook at Exchange in Buford, Georgia

by Julia Sanders June 30, 2021

BUFORD, GA. — Capitol Seniors Housing has broken ground on The Outlook at the Exchange, an active adult community for residents ages 55 and older in Buford. The 200,000-square-foot, four-story community will offer 180 residential units. The Outlook at the Exchange seniors housing community will be part of Fuqua Development’s Exchange at Gwinnett, a $350 million mixed-use development underway near the Mall of Georgia. The 106-acre development will include 460,000 square feet of retail, restaurants, entertainment and about 1,000 units of apartments, townhomes and senior housing for about 3,000 residents. Situated close to Topgolf, Andretti’s, Sprouts Farmers Market and the food hall, The Outlook at the Exchange will feature a mix of one- and two-bedroom apartments. The project is scheduled to open in late 2022. Element Architects is the design firm for the project, and Core Construction is the general contractor. Capitol Seniors Housing is a senior housing development and investment firm based in Washington, D.C.

June 30, 2021

Development Industrial Texas

Quiet 3PF Opens 550,000 SF Fulfillment Center in Northwest Dallas, Creates 400 Jobs

by Taylor Williams June 30, 2021

DALLAS — Quiet 3PF, a third-party logistics firm based in Massachusetts, has opened a 550,000-square-foot fulfillment center at 10750 Denton Drive in northwest Dallas. The move added about 400 jobs to the local economy. Greenfield Partners LLC, which acquired Quiet 3PF along with Related Fund Management in 2018, developed the facility.

June 30, 2021

Affordable Housing Development Multifamily Seniors Housing Texas

Oldham Goodwin Completes 148-Unit Affordable Seniors Housing Community in Texas City, Texas

by Taylor Williams June 30, 2021

TEXAS CITY, TEXAS — Oldham Goodwin Group LLC, a development and management firm based in Central Texas, has completed The Huntington at Lago Mar, a 148-unit affordable independent living community in Texas City, located southeast of Houston. Units feature granite countertops, vinyl flooring and individual washer and dryer connections. Communal amenities include a yoga studio, fitness center, community room, theater, pool, outdoor grill area and bocce ball and shuffleboard courts. Construction began in November 2019.

June 30, 2021

Development Indiana Industrial Midwest

Opus Breaks Ground on 256,000 SF Spec Industrial Project in Suburban Indianapolis

by Kristin Harlow June 30, 2021

WHITESTOWN, IND. — The Opus Group has broken ground on a speculative industrial building at AllPoints at Anson, an industrial park in Boone County’s Whitestown, about 25 miles northwest of Indianapolis. The 256,000-square-foot building will feature a clear height of 36 feet, 26 dock doors, four drive-in doors, 219 car parking spots, 33 trailer parking spots and office space. Completion of the 16-acre project is slated for March 2022. Opus is serving as developer, design-builder, interior designer, architect and structural engineer. Luke Wessel of Cushman & Wakefield will market the new building for lease. AllPoints at Anson is a 616-acre industrial park.

June 30, 2021

Development Healthcare Life Sciences Massachusetts Northeast Office

DivcoWest Breaks Ground on 375,000 SF Life Sciences Building at Cambridge Crossing

by Taylor Williams June 30, 2021

CAMBRIDGE, MASS. — Developer DivcoWest has broken ground on a 375,000-square-foot life sciences building at 441 Morgan St. within Cambridge Crossing, a 43-acre mixed-use development located at the junction of Cambridge, Boston and Somerville. Designed by Ennead Architects and Jacobs Consultants, the building will consist of 10 floors of lab space plus two penthouse floors and five outdoor terraces. DivcoWest expects to complete construction of the shell of the building in early 2023 and to subsequently begin interior build-outs of tenant spaces.

June 30, 2021

NorthLight-at-Edge-on-Hudson-Sleepy-Hollow

Development Multifamily New York Northeast

Hines Tops Off 246-Unit Multifamily Project in Sleepy Hollow, New York

by Taylor Williams June 30, 2021

SLEEPY HOLLOW, N.Y. — Houston-based Hines has topped off NorthLight at Edge-on-Hudson, a 246-unit multifamily project in Sleepy Hollow, located north of New York City. The property is located within the $1 billion, 70-acre Edge-on-Hudson mixed-use development that includes 16 acres of community parks and a waterfront promenade. Upon completion in the third quarter of next year, NorthLight at Edge-on-Hudson will offer studio, one-, and two-bedroom apartments ranging in size from 565 to 1,406 square feet. Amenities will include a pool, fitness deck, outdoor kitchens, fire pits, open green spaces, outdoor lounge areas, a clubhouse with coworking space, fitness center, kids’ playroom, communal kitchen and a wine lounge. Hines will begin leasing the property in the first quarter of 2022.

June 30, 2021

Affordable Housing Development Loans Multifamily New York Northeast Top Stories

Partnership Receives $223M in Construction Financing for Sendero Verde Affordable Housing Project in Harlem

by Taylor Williams June 30, 2021

NEW YORK CITY — A partnership between Jonathan Rose Cos., L+M Development Partners and Acacia Network has received $223 million in financing for the second and final phase of Sendero Verde, an affordable housing project in East Harlem that will add 347 units to the local supply. The development team topped off the 360 units that were part of Phase I of the project in November. Construction of Phase II is set to begin in the coming weeks and completion is slated for 2024. Units will serve renters at a variety of income levels, from formerly homeless to those who earn 90 percent of the area median income. The property offers residential amenities such as a community room, fitness center, computer lounge and package lockers. Once both phases are completed, Sendero Verde will feature a senior and youth community center, a school, art room, publicly accessible open space, community gardens and neighborhood retail. Financing for Phase II of Sendero Verde included construction loans from the New York City Housing Development Corp. and the New York City Department of Housing Preservation and Development. The project is also being funded through a letter of credit from Citibank and a syndication of federal …

June 30, 2021

Acquisitions California Development Office Western

Kilroy Realty Buys Downtown San Diego Site for $42M, Plans 275,000 SF Office Development

by Amy Works June 29, 2021

SAN DIEGO — Kilroy Realty Corp. has acquired a 1.3-acre development site in downtown San Diego from Pacifica Cos. for $42 million. Kevin Nolen, Mike Novkov, Tim Winslow and Jason Kimmel of Cushman & Wakefield represented the seller in the transaction. Kilroy plans to develop up to 275,000 square feet of Class A office space on the full city-block site, which is located at 2045 Pacific Highway in San Diego’s Little Italy neighborhood. The site consists of four parcels within walking distance to numerous amenities and the San Diego Bay.

June 29, 2021

Development Illinois Midwest Multifamily

LMC Starts Preleasing 298-Unit Triangle Square Apartments in Chicago

by Kristin Harlow June 29, 2021

CHICAGO — LMC has started preleasing Triangle Square Apartments, a 298-unit luxury apartment community in Chicago’s northern neighborhood of Bucktown. Triangle Square offers studio through three-bedroom units ranging from 464 to 1,413 square feet that feature built-in Wi-Fi, floor-to-ceiling windows and stainless-steel appliances. Select units offer private balconies, wine racks and walk-in closets. Located at 2155 N. Elston Ave., the community will put residents within walking distance of the Chicago River and local shops and eateries, with Lincoln Park and lakefront views to the east. The community is also within walking distance of the Metra Clybourn station. The seven-story midrise community also includes 21,223 square feet of ground-floor retail space. The first move-ins are scheduled to begin in July. Monthly rents will start at $1,455, according to Apartments.com.

June 29, 2021

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