Development

Amazon Plans to Build Four Operations Sites in Alabama

by Julia Sanders November 11, 2021

HUNTSVILLE, MONTGOMERY AND BIRMINGHAM, ALA. — Seattle-based Amazon.com Inc. (NASDAQ: AMZN) has unveiled plans to build four new operations sites in Huntsville, Montgomery and Birmingham. The company will build two new fulfillment centers in Huntsville, a receiving center in Montgomery and a delivery station in Birmingham. In Huntsville, Amazon recently opened a fulfillment center that allows Amazon employees to pick, pack and ship larger items to customers, such as bulk paper goods, outdoor equipment or rugs. Additionally, the 1 million-square-foot facility uses technologies and energy-efficient, zero-emission power industrialized truck (PIT) equipment. In 2022, Amazon plans to open another new fulfillment center in Huntsville. The 1 million-square-foot facility will be designed to receive, store and package heavy or bulky items like home appliances and will also use advance technologies and energy-efficient PIT equipment. The facility will provide more than 250 full-time jobs, according to Amazon. Also in 2022, Amazon plans open an inbound cross-dock facility in Montgomery. The 650,000-square-foot facility will be used to receive and consolidate items from vendors and facilitate shipment to fulfillment centers. The property will provide more than 500 full-time jobs, according to the retailer. Lastly, Amazon plans to break ground on a new Birmingham delivery station …

November 11, 2021

Development Multifamily Texas

Casey Development Underway on 300-Unit Multifamily Project Near San Antonio

by Taylor Williams November 11, 2021

NEW BRAUNFELS, TEXAS — Locally based firm Casey Development is underway on construction of Tacara at Gruene, a 300-unit apartment community that will be located outside of San Antonio in New Braunfels. Units will be available in one-, two- and three-bedroom formats and will feature granite or quartz countertops and stainless steel appliances. Communal amenities will include a pool, fitness center, clubhouse, dog park and a demonstration kitchen. Brent Crawford, David Aaronson and Frances Rogers of CBRE arranged an undisclosed amount of construction financing for the project, which is expected to be complete in fall 2022. The loan carried a five-year term and 36 months of interest-only payments.

November 11, 2021

Development Multifamily Washington Western

Legacy Partners, USAA Real Estate Open 306-Unit Maris Apartments in West Seattle

by Amy Works November 11, 2021

SEATTLE — Legacy Partners, along with its equity partner USAA Real Estate, has opened Maris, a multifamily property located at 4722 Fauntleroy Way SW in West Seattle. The partnership broke ground on the 306-residence project in June 2019. Maris features two standalone buildings offering a mix of studio, open one-bedroom, one-bedroom and two-bedroom floor plans. The apartments feature A/C ports, hardwood-style flooring, quartz countertops, gas and electric cooktops and an energy-efficient kitchen appliance package. Additionally, many of the units include air conditioning with smart thermostats. Designed by Seattle-based Encore Architects, Maris offers 261 parking spaces, 10,000 square feet of ground-floor retail space, co-working space and conference rooms, a fitness studio, bike storage and electric vehicle charging stations. The community also features rooftop outdoor and resident lounges with a kitchen bar, grilling station and fire pits.

November 11, 2021

Development Illinois Industrial Midwest

Amazon Builds New Delivery Station in Chicago’s West Humboldt Park

by Kristin Harlow November 11, 2021

CHICAGO — Amazon is building a new delivery station in Chicago’s West Humboldt Park neighborhood. The 141,360-square-foot development will expand the e-commerce giant’s delivery infrastructure for customers in the Chicago area. A delivery station is the last stop an Amazon package makes prior to reaching the customer. The project site is located near the intersection of Kostner Avenue and Division Street. The building is slated for completion by 2023. Venture One Real Estate LLC is the developer and PREMIER Design + Build Group is the general contractor.

November 11, 2021

Development Florida Mixed-Use Southeast

Joint Venture to Develop $500M Transit Village Mixed-Use Project in Downtown West Palm Beach

by Julia Sanders November 10, 2021

WEST PALM BEACH, FLA. — A joint venture between Globe Invest, Related Group and BH Group are planning to develop Transit Village, a transit-oriented mixed-use project spanning 10 acres in downtown West Palm Beach. Keith O’Donnell, John Crotty, Gary Gottlieb, Michael Fay, David Duckworth and Brian de la Fé of Avison Young represented the project’s principal, Mike Masanoff, during the development planning process. The amount and terms of the investment were not disclosed. Related Group will serve as the project’s developer. Transit Village is projected to cost over $500 million to develop. The site is approved for approximately 1.5 million square feet of flexible zoning uses. The city granted approval for $25 million in tax increment and grants. Located at 150 Clearwater Drive and 203 S. Tamarind Ave., Transit Village will be situated close to Interstate 95 and less than three miles from the Palm Beach International Airport. Additionally, the project is directly connected to the Tri-Rail and Amtrak Station, providing direct transit access to Palm Beach International, Fort Lauderdale-Hollywood International and Miami International Airports. Related Group is a Miami-based developer that has developed, rehabilitated and managed more than 100,000 condominium, rental and commercial units. For the Transit Village development, …

November 10, 2021

Development Mixed-Use North Carolina Office Southeast

Highwoods Properties to Build $94.4M Mixed-Use Office Property in Raleigh

by Julia Sanders November 10, 2021

RALEIGH, N.C. — Highwoods Properties Inc., a Raleigh-based REIT, has plans to build GlenLake III, a 218,000-square-foot mixed-use office development in Raleigh with retail and restaurant space. The company’s projected investment is $94.4 million, including the value of the land. Construction is scheduled to begin in the fourth quarter and is slated for completion by the third quarter of 2023. Plans for GlenLake III include 205,000 square feet of office space and 13,000 square feet of retail and restaurant space. The project will also have LEED and Fitwell certifications. According to Highwoods’ website, GlenLake III will be a seven-story building built with floor-to-ceiling glass windows, and offer amenities such as a café and lounge, fitness center, outdoor function space and a four-story parking structure. Highwoods has preleased 16 percent of the property’s office portion to McKim & Creed, a national engineering and surveying firm, for its corporate headquarters. GlenLake III is part of the GlenLake Park, an office development with up to seven planned office buildings. The office park is situated between Interstates 440 and 40. From 2001 to 2020, Highwoods has developed five office buildings within GlenLake Park encompassing 732,000 square feet. The company’s most recent project, GlenLake VII, …

November 10, 2021

Development Multifamily Oregon Western

Guardian Real Estate to Develop 234-Unit Monroe Apartments in Milwaukie, Oregon

by Amy Works November 10, 2021

MILWAUKIE, ORE. — An affiliate of Guardian Real Estate Services has received preferred equity from PCCP for the development of Monroe Apartments, a multifamily property in Milwaukie, five miles south of Portland. Situated on 7.2 acres, the Class A property will feature 234 apartments spread across five residential buildings in a mix of studio, one-, two- and three-bedroom units. Unit interiors will include quartz countertops, vinyl-plank flooring, stainless steel appliances, in-unit washers/dryers, large closets and USB outlets. Community amenities will include a playground, dog park, outdoor workout area, barbecue stations and a clubhouse that will offer a feature room, bicycle storage and common area. Additionally, the community will feature 301 parking spaces.

November 10, 2021

Development Multifamily Texas

BHW Capital Breaks Ground on 239-Unit Park on Napoli Apartments in Houston

by Taylor Williams November 10, 2021

HOUSTON — Locally based developer BHW Capital has broken ground on Park on Napoli, a 239-unit multifamily project in northwest Houston. Park on Napoli will offer one- and two-bedroom units and amenities such as a pool, fitness center, dog park and a resident clubhouse with coworking space. Houston-based Mucasey & Associates is the project architect, and Blazer Building is the general contractor. Texas Capital Bank provided construction financing. The first units are expected to be available for occupancy in fall 2022, with full completion slated for the first quarter of 2023.

November 10, 2021

Development Massachusetts Northeast Office

Fallon Completes 310,000 SF Office Project for MassMutual in Boston’s Seaport District

by Taylor Williams November 10, 2021

BOSTON — Locally based developer The Fallon Co. has completed construction of a 310,000-square-foot office project for Massachusetts Mutual Life Insurance Co. (MassMutual) in Boston’s Seaport District. A ribbon-cutting ceremony took place on the morning of Wednesday, Nov. 10. Construction of the build-to-suit property, which will be located within the $4 billion Fan Pier mixed-use development, began in June 2019. Approximately 1,000 employees will work at the 17-story building, which will serve as a hub for the company’s digital and technology divisions.

November 10, 2021

Development Multifamily Northeast Pennsylvania

Toll Bros., Sundance Bay to Develop 344-Unit Apartment Community in Philadelphia

by Taylor Williams November 10, 2021

PHILADELPHIA — A joint venture between Pennsylvania-based multifamily developer Toll Brothers Inc. (NYSE: TOL) and Sundance Bay, a Utah-based investment firm, will develop Broad & Noble, a 344-unit apartment community that will be located near downtown Philadelphia. The site will also house 106 underground parking spaces and 10,440 square feet of street-level retail space. Amenities will include music, media and podcast rooms, conservatory and private dining rooms, a fitness center with yoga and spin studios and a sky lounge with an outdoor deck area. Wells Fargo has provided $100 million in construction financing for the 18-story project, an expected completion date of which was not disclosed.

November 10, 2021

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