Development

Trammell Crow Co. to Open Spec Suites at Chicago’s Fulton Labs in August

by Kristin Harlow June 3, 2022

CHICAGO — Trammell Crow Co. (TCC) is set to open its Science Ready Lab Suites at Fulton Labs, a life sciences development in Chicago. These fully built out, move-in ready spaces span 3,000 to 7,000 square feet and provide advanced research and development space. Celadyne Technologies Inc. has signed a lease as the first tenant to occupy the Science Ready Lab Suites. The suites, which are available for occupancy beginning in August, will provide tenants with flexible lease terms and access to a shared lab equipment room. Fulton Labs is a two-building life sciences campus from TCC that spans 725,000 square feet. Jonathan Metzl of Cushman & Wakefield represented Celadyne Technologies in its lease.

June 3, 2022

Development Multifamily Texas

Arch-Con Breaks Ground on 251-Unit Highfield Preston Apartments in Celina, Texas

by Taylor Williams June 3, 2022

CELINA, TEXAS — Texas-based general contractor Arch-Con Corp. has broken ground on Highfield Preston, a 251-unit multifamily project that will be situated on a 7.9-acre site in the North Texas city of Celina. Niles Bolton Associates designed the project for Houston-based developer i3. The three-building property will offer one-, two- and three-bedroom units and amenities such as a pool, fitness center, yoga studio, conference room and a resident clubhouse. Completion is slated for August 2023.

June 3, 2022

Civic Development Texas

Avenue Opens 30,500 SF Community Resource Center in Houston

by Taylor Williams June 3, 2022

HOUSTON — Avenue, a locally based affordable housing owner-operator, has opened a 30,500-square-foot community resource center in Houston’s Near Northside neighborhood. Global architecture firm Page designed the three-story facility, which houses a community health clinic that provides an array of general and specialty services, as well as a YMCA Children’s Academy. The facility opened in phases beginning last year and now has all services fully operational.

June 3, 2022

Acquisitions Development Multifamily New Jersey Northeast

Kislak Negotiates Sale of 103-Unit Multifamily Development Site in Orange, New Jersey

by Taylor Williams June 3, 2022

EAST ORANGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the sale of a multifamily development site in the Northern New Jersey community of Orange that is fully entitled for 103 market-rate units. The five-story complex will be known as Orange Valley Lofts and will include onsite parking, a lobby, bike room, terrace and an amenity room. Julie Gralla of Kislak represented the seller, Tritop Realty, in the land deal. Joni Sweetwood, also with Kislak, represented the buyer, an affiliate of Reynolds Asset Management. The sales price and a construction timeline were not disclosed.

June 3, 2022

Development Nevada Retail Top Stories Western

Institutional Mall Investors Starts Renovations at 500,000 SF Miracle Mile Shops on Las Vegas Strip

by Jeff Shaw June 3, 2022

LAS VEGAS — Institutional Mall Investors LLC, a joint venture between Miller Capital Advisory and CalPERS, has started renovations at Miracle Mile Shops, a 500,000-square-foot shopping center on the Las Vegas Strip. The property is attached to the Planet Hollywood Resort & Casino. The mixed-use project will remain open during construction, which is scheduled for completion in spring of 2023. The redevelopment costs were not disclosed. New entertainment features will include exterior and interior immersive light, sound and video experiences. Miracle Mile Shops guests will also enjoy new and upgraded restaurants. “Miracle Mile Shops has been a highly successful shopping and entertainment destination in Las Vegas for over 20 years, attracting locals, visitors and international tourists,” says Robert Buchanan, vice president and general manager of Miracle Mile Shops. “The renovations are coming at the ideal time as our city welcomes the return of domestic and international tourists.” The revitalized interior will include new flooring, lighting, ceilings, seating and a new sound system. The “rainstorm” attraction, a free daily show that features thunder, lightning, fog and rain, will also be enhanced. The renovation includes a redesign to Miracle Mile Shops’ exterior entrances on the Las Vegas Strip and Harmon Avenue, featuring …

June 3, 2022

Development Illinois Midwest Multifamily

Sterling Bay, Magellan Development Group Begin Pre-Leasing 47-Story Luxury Apartment Tower in Chicago

by Kristin Harlow June 2, 2022

CHICAGO — Sterling Bay and Magellan Development Group have begun pre-leasing Millie on Michigan, a 47-story luxury apartment tower located at 300 N. Michigan Ave. in Chicago that is now complete. Residents are expected to take occupancy in July. The property features 289 apartment units, with monthly rents ranging from $2,164 to $4,848. Amenities include a fitness center, resident lounge, outdoor terrace, rooftop pool, dog lounge and bike storage. The building also features a 280-room boutique hotel and ground-floor retail space. The project marks the first residential development that Sterling Bay has completed.

June 2, 2022

Development Illinois Midwest Office

AmTrust RE Opens 22,000 SF Coworking Space at Chicago Office Tower

by Kristin Harlow June 2, 2022

CHICAGO — AmTrust RE has opened a coworking space at 33 North Dearborn, a 329,000-square-foot office tower in Chicago’s Central Loop. Named AmTrust Office Suites (AOS), the concept spans 22,000 square feet and offers both coworking spaces and mini office suites. AOS offers flexible lease arrangements, including monthly, quarterly and annual agreements. All AOS tenants have access to the property’s amenities, including a fitness center, bourbon lounge and onsite restaurants.

June 2, 2022

Development Multifamily Texas

Lynd Group Breaks Ground on 360-Unit Potranco Commons Mixed-Income Project in San Antonio

by Taylor Williams June 2, 2022

SAN ANTONIO — Locally based developer The Lynd Group has broken ground on Potranco Commons, a 360-unit mixed-income apartment project in San Antonio’s Far West Side. Residences will be available in one-, two- and three-bedroom formats, with approximately 40 percent of the units reserved for renters earning 80 percent or less of the area median income. Amenities will include a clubhouse, pool, fitness center, outdoor grilling and dining stations, multiple open green spaces and a DJ booth. Lynd Group is partnering with Santikos Enterprises and the San Antonio Housing Authority on the project. Construction is scheduled for completion in the second quarter of 2024.

June 2, 2022

Development Georgia Industrial Southeast Top Stories

Kubota Plans $140M Expansion at Research, Development Center in Gainesville, Georgia

by Katie Sloan June 2, 2022

GAINESVILLE, GA. — Farming and construction machinery producer Kubota North America Corp. has unveiled plans for a $140 million expansion of its 280-acre research and development (R&D) center in Gainesville, approximately 50 miles northeast of Atlanta. The center opened in April of this year and currently includes engineering offices, workshops and testing labs, alongside outdoor tracks for testing turf, utility vehicles, tractors and construction equipment. Construction of the expansion is scheduled to begin later this year and will include the development of a building dedicated to broadening production and loader capacity to meet growing market demands, while freeing up space at the company’s existing facility in nearby Jackson County. “Through further investments like these, our supply chain continues to evolve to better meet the needs of our sister-company partners and Kubota dealers,” says Brian Arnold, president of Kubota Manufacturing of America. “With this expansion our production capacity will almost double and, at the same time, we will improve our quality and efficiency through innovations in welding and painting technologies.” The project is slated for completion in 2024, bringing with it more than 500 new manufacturing jobs at the facility. Kubota North America employs more than 3,000 team members across its manufacturing, …

June 2, 2022

Wellness-Center-West-Falls-Falls-Church-VA

Development Healthcare Southeast Virginia

Trammell Crow, Diamond Realty Break Ground on 125,000 SF Medical Office Building in Falls Church, Virginia

by Amy Works June 1, 2022

FALLS CHURCH, VA. — Trammell Crow Co. and Diamond Realty Investments have broken ground on The Wellness Center at West Falls, a six-story medical office building in Falls Church. Slated for delivery in late 2023, the 125,000-square-foot property is part of West Falls, a 1.2 million-square-foot mixed-use property master-developed by Hoffman & Associates. The Wellness Center at West Falls is designed specifically for medical users with the ability to accommodate clinical and surgical requirements for healthcare systems, specialty practice groups and independent practitioners. The building will feature a dedicated curbside patient pick-up and drop-off at the lobby, along with a covered parking garage that is connected to the building via a pedestrian-friendly street. Tenants will also have an opportunity for signage and branding on the ground floor and top floor. The project team includes Gensler as architect, Clark Construction Group as general contractor and Cushman & Wakefield as the leasing team.

June 1, 2022

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