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DevelopmentNortheast

Charney Cos., Tavros Holdings Begin Leasing 224-Unit Multifamily Project in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between two locally based firms, Charney Cos. and Tavros Capital, has begun leasing Union Channel, a 224-unit multifamily project in the Gowanus area of Brooklyn. Designed by Fogarty Finger Architecture, the nine-story building houses studio, one-, two- and three-bedroom units, 25 percent of which are designated as affordable housing. Residences are furnished with stainless steel appliances, porcelain tile backsplashes, concrete countertops and floor-to-ceiling windows. Amenities include a landscaped roof deck with a pool, gym and yoga room, coworking lounge and a resident sky lounge. Rents start at $3,100 per month for a studio apartment.

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CaliforniaDevelopmentIndustrialWestern

Outrigger Industrial Completes First Building at 99 Central Logistics Center in Tulare, California

by Amy Works

TULARE, CALIF. — Outrigger Industrial has completed Phase I of 99 Central Logistics Center in Tulare with the construction of a 544,077-square-foot building at 199 E. Paige Ave. At full build-out, the 160-acre business park will feature four buildings offering a total of 2.4 million square feet. The Phase I building includes a clear height of 36 feet, 56-foot by 50-foot column spacing, speculative offices and trailer parking. Additionally, the facility can accommodate a 550,000-square-foot expansion. 99 Central Logistics Center is Outrigger Industrial’s first development in California’s Central Valley region, which provides easy access to major highways, ports and airports.

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DevelopmentMidwestMissouriMultifamily

Subtext Begins Development of 259-Unit Apartment Complex in Suburban St. Louis

by Kristin Harlow

UNIVERSITY CITY, MO. — Subtext has begun development of LOCAL on Delmar, a 259-unit apartment complex in the St. Louis suburb of University City. Completion of the five-story project, located at 6650 Delmar Blvd., is slated for summer 2026. The 398,225-square-foot building will feature a mix of studio, one-, two- and three-bedroom layouts, including townhomes that walk out onto Delmar Boulevard. There will also be 399 parking spaces in a five-story garage and approximately 7,100 square feet of street-level retail space. Amenities will include a clubroom, vinyl listening station, work-from-home hub, wellness suite, gym, yoga studio, pool terrace and grilling area. Situated in the Loop, the project site is located within a 12-minute walk from Washington University. Project partners include Brinkmann Constructors, ESG Architecture & Design, Larson Capital Management, Stock and Associates Consulting Engineers Inc. and First Mid Bank & Trust.

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Entrada-at-San-Marcos
Affordable HousingDevelopmentMultifamilyTexas

Helu Development Breaks Ground on 336-Unit Affordable Housing Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Utah-based Helu Development has broken ground on The Entrada at San Marcos, a 336-unit affordable housing project located roughly midway between Austin and San Antonio. The development will comprise six three-story buildings on a 14-acre site. Units will feature studio, one- and two-bedroom floor plans and will be reserved for households earning 80 percent or less of the area median income. Amenities will include a clubhouse with a 24-hour fitness center, pickleball court, a resort-style pool and spa, grilling areas and a playground. Helu is developing the project, which is expected to be complete by early 2026, in partnership with American South Capital Partners.

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CivicData CentersDevelopmentGeorgiaIndustrialMixed-UseMultifamilyRestaurantRetailSoutheast

Hines, Aubrey to Develop 10 MSF Mixed-Use Campus in Suburban Atlanta

by John Nelson

BARTOW COUNTY, GA. — Hines and Aubrey Corp. plan to co-develop a new 10 million-square-foot mixed-use community in Bartow County, a northwest suburban node of Atlanta. The master-planned project, called Aubrey Village, will sit on 2,390 acres at the I-75 interchange with U.S. Route 411, which is located near multibillion-dollar plants underway for Hyundai-SK Battery and QCells. Once complete, the development will include new manufacturing, data center and logistics facilities, as well as a supermarket, shops, restaurants, hotels and a variety of residential properties that will accommodate 2,800 families. The industrial-zoned land spans 1,200 acres and will accommodate two industrial parks. Aubrey Village will also feature a network of trails, parks and walkways and a Bartow County public school. The project is projected to be completed over the next 10 to 12 years in several phases, with Hines expecting to break ground on the initial infrastructure later this year or in 2026. Jim Ramseur and Samantha Wheeler with Lee & Associates represented Aubrey Corp. in venture formation, and Ramseur Real Estate Advisors will act as the managing consultant for the co-developers’ commercial and residential parcels moving forward.

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Data CentersDevelopmentSoutheastVirginia

Avaio Digital Plans $5B Data Center Development in Farmville, Virginia

by John Nelson

FARMVILLE, VA. — Avaio Digital Partners has agreed to purchase 280 acres in Farmville to make way for a new $5 billion data center campus. The Connecticut-based data center developer and operator signed the land sale agreement with the Industrial Development Authority (IDA) of Prince Edward County. Andy Walsh of SugarOak Realty represented Avaio Digital and Rhett Weiss with Cottonwood Commercial represented the Prince Edward County IDA in the land transaction. Known as the Farmville Data Hub, the site is fully zoned for five data centers, has ready fiber access, utility access and water supply secured. Avaio Digital has also completed preliminary site engineering and is in the process with Dominion for 300 megawatts of power. The developer is also underway on a $3 billion data center campus in nearby Appomattox County, Va.

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Luma-El-Corazon-Oceanside-CA
CaliforniaDevelopmentMultifamilyWestern

Sudberry Properties Opens 268-Unit Luma at El Corazon in Oceanside, California

by Amy Works

OCEANSIDE, CALIF. — Sudberry Properties has opened Luma at El Corazon, a 278-unit apartment community located at 3546 Village Commercial Drive in Oceanside’s El Corazon, a multi-phase development that is home to Frontwave Arena and approximately 400 acres of parks, open space and civic uses. Luma at El Corazon consists of 23 three-story buildings with a mix of 113 one-bedroom, 120 two-bedroom and 35 three-bedroom apartments. Ranging from 691 square feet to 1,440 square feet, each of the 11 floor plans includes an outdoor deck, balcony or patio, stainless steel appliances, quartz countertops, wood-style flooring and in-unit washers/dryers. Community amenities include a clubroom with a demonstration kitchen and adjoining covered patio, a conference room and an indoor/outdoor fitness center with cardio and weights, a pool and spa, a lounge area with ping-pong and facilities for outdoor dining and grilling. Additionally, the property offers an attached or detached garage for each unit, a package reception area, 24-hour emergency maintenance and electric vehicle chargers. The development team included Bassenian Lagoni, Hunsake & Associates, Wermers Construction, Schmidt Design Group and Design Tec.

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ArizonaDevelopmentIndustrialLoansWestern

AEW Provides $68M Construction Loan for Industrial Park in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — AEW Capital Management has provided a $68 million construction mortgage for the development of NextWave Tempe, a Class A industrial project in Tempe. A partnership between Overton Moore Properties and Invesco Real Estate broke ground on the project, which is located at 1500 N. McClintock Drive, in mid-January. Slated for completion in the fourth quarter, NextWave Tempe will feature 689,000 square feet of industrial space spread across three buildings.

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DevelopmentIndustrialNevadaWestern

Milton Consulting Breaks Ground on Phase II of Mountain West Industrial Park in Las Vegas

by Amy Works

LAS VEGAS — Milton Consulting, led by Jonathan Schwartz, has broken ground on the 324,404-square-foot Phase II of Mountain West Industrial Park in southwest Las Vegas. Situated on 18.8 acres at the intersection of South Tenaya Way and West Patrick Lane, Phase II will include four freestanding buildings with flexible suite configurations ranging from 7,150 square feet to 110,304 square feet. Construction on Buildings 5 and 6 will finish in late 2025, with Buildings 7 and 8 following in early 2026. Site improvements will wrap up alongside the buildings in the second phase. The four-building, 252,000-square-foot first phase is fully leased to a variety of tenants, including Mechanical Products Nevada, US Pharmatech and Spreadshirt.   CBRE’s Willmore Industrial and Logistics team is overseeing marketing and leasing for Mountain West Industrial Park.

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DevelopmentRetailSoutheastTennesseeTop Stories

Simon Plans to Develop 325,000 SF Premium Outlets in Metro Nashville

by Kristin Harlow

THOMPSON’S STATION, TENN. — Mall owner Simon Property Group (NYSE: SPG) has entered into an agreement to purchase a development site in metro Nashville with plans to build a luxury shopping and lifestyle destination known as Nashville Premium Outlets. The 325,000-square-foot project will be situated at the intersection of I-65 and I-840 in the southern suburb of Thompson’s Station. “This project represents a significant investment in our town and has the potential to enhance local amenities, create jobs and strengthen our economy,” says Thompson’s Station Mayor Brian Stover. Simon is collaborating with Nashville-based Adventurous Journeys Capital Partners (AJ Capital), a company known for its work in hospitality and real estate development. Construction is expected to begin in 2026, but a timeline for completion was not provided. Preliminary plans call for 75 retailers, restaurants and a hotel, with the potential to add residential options and big box retailers. “We are excited to bring another premier shopping and lifestyle destination to Nashville, one of our country’s most dynamic and fastest growing markets,” says Gary Duncan, Simon’s president of Premium Outlets and The Mills brands. Nashville Premium Outlets will join Simon’s existing properties in the metro area, including Opry Mills and The Mall …

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