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Development

DevelopmentIndustrialIowaMidwest

Garling Construction to Break Ground on First Building at 145-Acre Logistics Park in Cedar Rapids, Iowa

by Kristin Harlow

CEDAR RAPIDS, IOWA — Garling Construction is scheduled to break ground next month on the first building at Edgewood Logistics Park, a 145-acre industrial business park in southwest Cedar Rapids. The first building will span 200,000 square feet and will be built on a speculative basis. It will feature a clear height of 36 feet and more than 50 truck docks. Situated at the northeast corner of Edgewood Road and 76th Avenue, Edgewood Logistics Park will house approximately 1.5 million square feet of industrial buildings upon completion for a total value of more than $125 million. The development group undertaking the project is privately held and locally owned. GLD Commercial is the leasing agent.

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DevelopmentIndustrialMidwestWisconsin

Panattoni to Build 270,000 SF Spec Distribution Center in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Panattoni Development Co. has purchased a 13.7-acre site in Kenosha with plans to build a 270,000-square-foot speculative distribution center. Located at 10200 55th St., the project will feature a clear height of 32 feet, two drive-in doors and LED lighting. Ned Frank, Fred Regnery, Jeff Devine, Steve Disse and Jack Rosenberg of Colliers International Chicago represented the seller, Kenall Manufacturing. Colliers also represented Panattoni in the acquisition and will handle lease-up of the facility.

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Bella-Terra-Huntington-Beach-CA
CaliforniaDevelopmentMultifamilyRestaurantRetailWestern

DJM Plans Mixed-Use Development at Bella Terra Shopping Center in Huntington Beach

by Amy Works

HUNTINGTON BEACH, CALIF. — DJM has submitted plans to Huntington Beach’s Planning Commission for a mixed-use residential development at the Bella Terra shopping center in Huntington Beach. Planned on the current Burlington Coat Factory site, the new development would include demolishing the 210,000-square-foot structure and an additional surrounding 30,000 square feet of retail space. DJM plans to replace the demolished structures with a low-rise building boasting 25,000 square feet of ground-floor retail space beneath five stories of residential space, with 15 percent of the 300 units designated as affordable housing. The project will include structured parking for residents that supplements Bella Terra’s existing parking structure. Since acquiring Bella Terra, formerly the Huntington Beach Mall, in 2005, DJM has transformed the shopping center into a community hub by curating a mix of retail, dining and entertainment spaces. In 2019, DJM reimagined the property’s center courtyard to include a stage, grassy lawn and beer and wine garden in an open-air setting.

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ArizonaDevelopmentRetailWestern

Thompson Thrift Buys Land for First Phase of 95,000 SF Retail Project in Mesa

by Amy Works

MESA, ARIZ. — Thompson Thrift Retail Group (TTRG) has acquired the first parcel of a 15-acre master-planned development in Mesa. When fully developed, the property at the northwest quadrant of US 60 and Signal Butte Road will offer 95,000 square feet of retail space in a mix of freestanding and multi-tenant buildings. Whataburger, Backyard Taco, Black Rock Coffee and EOS Fitness have committed to the new project, with the first phase is slated to open first-quarter 2022. At build-out, TTRG expects the development to have a total project cost in excess of $28 million. This is the 26th project for TTRG in the Southwest since opening its Phoenix office in 2016. In addition to the Mesa development, TTRG’s 2021 Southwest pipeline is slated to include more than $150 million in development across the Phoenix metro, including planned projects in Glendale, Gilbert, Tempe, Peoria, Maricopa, Tucson and Casa Grande.

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Duke Health
DevelopmentHealthcareNorth CarolinaSoutheast

Duke Health Opens $102.4M Behavioral Healthcare Facility in Durham

by Julia Sanders

DURHAM, N.C. — Duke Health has opened a newly built center at Duke Regional Hospital in Durham that services behavioral therapy patients. The new center plans to combine the behavioral health services that had been offered separately at Duke University and Duke Regional hospitals. The facility, known as Duke Behavioral Health Center North Durham, cost $102.4 million to build. The Duke Behavioral Health Center North Durham project also includes an expansion of the hospital’s emergency department, which has been moving into the new space on a rolling basis as construction is completed. The new behavioral health services at the facility include 42 private inpatient rooms with two courtyards; 18 private treatment spaces in the emergency department with a courtyard; 30 outpatient clinic rooms; and electroconvulsive therapy. The new addition increases capacity from 36 to 49 treatment rooms. Construction started inside in the hospital in March 2018. The public entrance that had recently been near Cancer Services opened yesterday at its permanent location off Crutchfield Street, adjacent to the main hospital building.

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DevelopmentFloridaMultifamilySoutheast

Balfour Beatty, Related Group Break Ground on Two-Tower Residential Project in West Palm Beach

by Julia Sanders

WEST PALM BEACH, FLA. — Balfour Beatty has broken ground on Icon Marina Village, a two-tower, 24-story residential development in West Palm Beach. Related Group is the developer of the project, which will be located close to the Intracoastal Waterway, Atlantic Ocean, Palm Beach Island and downtown West Palm Beach. Balfour Beatty and Related Group plan to deliver Icon Marina Village in 2023. Designed by Miami-based Arquitectonica, Icon Marina Village will feature two high-rise towers that will accommodate 399 residential units, offering one-, two- and three-bedroom units. The development will include a rooftop with adjoining garage, semi-private beach club with day dock and sand beach, a heated European-edge swimming pool, business lounge, fire pit and outdoor kitchen, a spa with a sauna and more. Each apartment will feature stainless steel appliances, quartz countertops, backsplashes, Italian cabinetry and Wi-Fi. Each waterfront unit comes with floor-to-ceiling windows, high ceilings and balconies. At least two of the penthouse units will also feature their own private rooftop pools. Icon Marina Village represents the first phase of a 19 plus-acre integrated master development in partnership with Rybovich at the site of its Superyacht Marina.

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Broadstone SummerHill
DevelopmentGeorgiaMultifamilySoutheast

Alliance Residential Delivers Broadstone Summerhill Apartments in South Atlanta

by Julia Sanders

ATLANTA — Scottsdale, Ariz.-based Alliance Residential Co. has delivered Broadstone Summerhill, a new multifamily development located in the heart of Atlanta’s Summerhill neighborhood on the city’s south side. This property is Alliance Residential’s latest development in the Atlanta area, with three additional developments under construction and three properties recently opening. Broadstone Summerhill comprises of three residential buildings with 276 studio, one- and two-bedroom apartment units. Each unit has entry mud benches, wet islands, plank-style vinyl wood flooring, designer lighting packages, custom cabinetry, quartz countertops and stainless steel appliances. The community has received the National Green Building Standard (NGBS) Green Certification. Located at 100 Fulton St. SE, just north of the Center Parc Credit Union Stadium (formerly Turner Field), the multifamily community is close to the Atlanta BeltLine, Grant Park, Zoo Atlanta and Mercedes-Benz Stadium. The community is also 9.7 miles from Hartsfield-Jackson Atlanta International Airport. Broadstone Summerhill’s rooftop observatory and lounge includes indoor/outdoor seating areas, a wet bar and arcade games. Also, the property has a pitched-roof clubroom with a demonstration kitchen and private workspaces. Other community amenities include flexible patio area near the indoor/outdoor fireplace, a saltwater pool with two sun shelves and gas grills, fitness center, pet park …

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Publix
DevelopmentGeorgiaLeasing ActivityRetailSoutheast

Publix to Occupy 42,514 SF at Interlock Mixed-Use Project by S.J. Collins in Atlanta’s West Midtown

by Julia Sanders

ATLANTA — Publix will occupy a 42,514-square-foot store for the second phase of The Interlock, a mixed-use development underway at the intersection of Ethel Street and Northside Drive in Atlanta’s West Midtown district. Demolition for the site will begin in May, and vertical construction will start in the fall of 2022. S.J. Collins Enterprises is the landlord. Phase I of The Interlock is a nine-acre, mixed-use property located at 1115 Howell Mill Road N.W. The development includes 200,000 square feet of office space; 105,000 square feet of retail and restaurant space; 349 apartments and 18 townhomes; 70 single-family homes; and the 161-room Bellyard, a Tribute Portfolio Hotel. Phase I leasing opportunities still include approximately 87,000 square feet of office space and 30,000 square feet of retail and restaurant space. Phase II includes an additional 4.5 acres that will include another 40,000 square feet for retail space, 186,000 square feet of office space, student housing serving students of nearby Georgia Tech and the Publix grocery store. The various components of The Interlock are connected to each other via a one-acre public park. Phase II is currently being designed by Dynamik Design. Puttshack is debuting at The Interlock next week and Bellyard, …

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AcquisitionsDevelopmentGeorgiaLoansMultifamilySoutheast

Ready Capital Closes $53.6M Acquisition Financing for Multifamily Property in Atlanta

by Julia Sanders

ATLANTA — Ready Capital has closed a $53.6 million loan for the acquisition, renovation and stabilization of a 294-unit, Class B multifamily property in Atlanta. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and mark rents to market. The borrower and property name were not disclosed. The non-recourse, interest-only, floating-rate loan features a 36-month term, two extension options, flexible prepayment and is inclusive of a facility to provide future funding for capital expenditures. The renovations planned at the property include new granite countertops and kitchen cabinets; updates to bathrooms, lighting and paint; and common area and exterior upgrades including a remodeled clubhouse, pool, fitness center, new property signage and an updated playground.

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The-District-Centennial-CO
ColoradoDevelopmentHospitalityMixed-UseMultifamilyOfficeRestaurantRetailWestern

Brue Baukol Capital Breaks Ground on 36-Acre Mixed-Use Community in Centennial, Colorado

by Amy Works

CENTENNIAL, COLO. — Colorado-based Brue Baukol Capital Partners has broken ground on The District, a 36-acre mixed-use community adjacent to the Dry Creek rail station in Centennial. The walkable community will feature more than 2.5 million square feet of office space, a 200-key hotel, 1,800 residential units and over 30,000 square feet of retail space. Previously named the Jones District before rebranding to The District, the development will offer space for a range of flexible office spaces from small-scale co-working to multiple-building corporate headquarters. The project team includes Tryba Architects, Design Workshop, Martin/Martin Consulting Engineers and JHL Constructors. Completion for infrastructure work is slated for May 2021, with vertical construction on several planned projects scheduled to begin during the second half of 2021.

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