ST. PETERSBURG, FLA. — Boca Raton, Fla.-based Mill Creek Residential and Boston-based CrossHarbor Capital Partners have broken ground on Modera St. Petersburg, a 383-unit mixed-use apartment community near downtown St. Petersburg. The property is expected to be open for first move-ins by late 2023. Modera St. Petersburg will be a 20-story, high-rise community with 14,000 square feet of ground-floor retail space. The property will offer one-, two- and three-bedroom floorplans with den layouts and penthouses available. Unit features will include wood plank-style flooring, nine-foot ceilings, built-in shelves and desks in select homes, ceiling fans, private balconies, stainless steel appliances, quartz countertops, tile backsplashes, kitchen islands, USB ports, in-unit washers and dryers, walk-in closets and central heating and air with programmable thermostats. Community amenities will include a fitness center, outdoor pool, rooftop lounge and terrace, grilling area, outdoor dining, clubhouse, conference room, coworking spaces, common-area Wi-Fi, game room, package lockers, onsite pet spa and secured garage parking with electric vehicle charging stations. Other community features will include access to bike storage, additional storage options and mobile-app and key-fob entry. Situated at 201 17th St. South, Modera St. Petersburg will border the Pinellas Trail, a 47-mile bike trail that stretches north to …
SEATTLE — Shea Properties has opened EdgePoint Apartments, a multifamily community located at 320 N. 85th St. in Seattle’s Greenwood neighborhood. The six-story, 203-unit property features a mix of open one-, one- and two-bedroom units ranging in size from 561 square feet to 990 square feet. Units offer quartz countertops, wood-style flooring, stainless steel appliances and high-end finishes throughout. Additionally, the property features a sky deck, lounge, fitness center, pet spa and 4,500 square feet of onsite retail space. Rush served as general contractor and Runberg Architecture Group served as architect for the project.
LUBBOCK, TEXAS — Seniors housing developer LifeCare Properties and New Orleans-based investment group ERG Enterprises have unveiled plans for The Blake at Lubbock, a seniors housing community in West Texas. The number of units was not disclosed. The property will offer assisted living and memory care units. Blake Management Group will operate the property upon completion, which is slated for 2023.
NEW YORK CITY — Locally based developer The Moinian Group has broken ground on The Hudson Arts Building, a 200,000-square-foot speculative office project in Manhattan. The project was originally announced in February 2020, but construction was delayed, making it Manhattan’s first office building to be developed on a speculative basis since the COVID-19 pandemic began. Designed by Studios Architecture, the 10-story building will be located across the street from the Hudson River in the Chelsea neighborhood. The building will offer a lounge area, fitness center, dog park, dedicated bicycle room and shower area and 15,250 square feet of outdoor amenity space, including a 12,400-square-foot rooftop terrace. The development team expects the first tenants to be able to take occupancy by early 2024. JLL will market the property for lease.
NASHVILLE, TENN. — SomeraRoad has started construction of the first ground-up tower within its Paseo South Gulch mixed-use project in Nashville. Known as Prima, the building will include 278 apartment units, 18,000 square feet of Class A office space and 8,000 square feet of retail space. ESa designed the project, which is slated for completion by the third quarter of 2023. Clark Construction is the general contractor. Safehold Inc. and S3 Capital provided financing. The tower will complement the recently completed adaptive reuse of two historic buildings within the project featuring office and retail space. SomeraRoad has planned future ground-up projects within Paseo South Gulch, with construction of a second tower scheduled to begin by early 2023. “Paseo South Gulch will be a premier live-work-play destination in Nashville, and the start of Prima is a significant step toward our transformational vision becoming a reality,” says Andrew Donchez, principal and head of development at SomeraRoad. “We’ve worked tirelessly to craft every detail of Paseo South Gulch, to tie new towers into the adaptive reuse of historic structures and future phases, to ultimately create a district that feels authentic and vibrant.” The name Paseo speaks to the district’s interconnected walkways and terraces …
By Taylor Williams Northern New Jersey is teeming with new multifamily projects, many of them transit-oriented, that mesh suburban locations with urban lifestyles, making the region a desirable alternative to living in New York City. But more housing product is unquestionably needed. According to the U.S. Census Bureau, the Garden State’s population grew by 5.7 percent from approximately 8.8 million to 9.3 million in 2020. New Jersey is the 11th-most populous state and the fifth-smallest state by area, and thus has the highest level of population density in the country. The combination of a growing population and a very limited supply of land means that infill development sites that provide direct access to major cities, most notably New York City and Philadelphia, are highly coveted by developers of all property types. But developers that can deliver the right kind of housing on those sites play central roles in helping municipal leaders bring new jobs, retailers and restaurants to their communities. CENTURION Union Center, a mixed-use project which includes nearly 300 new homes and approximately 27,000 square feet of retail space, is just one such project that ties together a basic need for housing with a larger revitalization of the community. …
AUSTIN, TEXAS — Locally based developer Lincoln Ventures has acquired land in East Austin for the development of a 625-unit multifamily project. The six-story property at 2700 E. Fifth St. will house a mix of one-, two- and three-bedroom units, with 10 percent of the residences reserved as affordable housing. The development will also include retail space that is preleased to a café and an urban grocer. The amenity package will consist of two pools, a fitness center with yoga and spin studios, coworking space, a pet park and spa and a catering kitchen. Construction is slated to begin in the second half of the year and to be complete in summer 2024.
ASHLAND, VA. — MacKenzie Investment Group LLC, the development and investment arm of Baltimore-based The MacKenzie Cos., has delivered a 202,000-square-foot warehouse and industrial building in Ashland, about 16.5 miles north of Richmond. The development is part of Phase I of the North Richmond Industrial Park, a 75-acre business park that can support up to 600,000 square feet of warehouse and industrial space. The building, which was constructed on a speculative basis, is fully leased to three tenants including The Home Depot; MS International Inc., an importer and distributor of natural stones and countertops; and Sentara Healthcare, a nonprofit healthcare organization serving Virginia and North Carolina. Each tenant expects to take occupancy over the next several months. The project features 32-foot clear heights, 46 dock doors, a surface parking lot that can accommodate nearly 160 cars and 46 trailers and freight service via CSX and Northern Southern rail lines. Located at 11060 Johnson Road, the property is situated near US Route 1 and Interstates 95, 64, 85 and 295. Additionally, the project is located 23.6 miles from the Richmond International Airport.
ROSWELL, GA. — Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, will open a boutique hotel in Roswell. The Kimpton hotel is slated to open by early 2024. HEI Hotels & Resorts will operate the hotel once completed, and Randall-Paulson Architects will serve as the architect on the project. The Kimpton hotel will feature 125 guest rooms, including 20 suites, as well as nearly 6,500 square feet of indoor meetings and events space, an 11,000-square-foot courtyard, fitness center, rooftop restaurant and a ground-floor restaurant and bar. Additionally, the hotel will offer amenities including a morning coffee and tea service, hosted evening social hour, pet-friendly policies and bicycles. Located on Mimosa Boulevard and Magnolia Street, the three-story hotel will be situated near the Historic Roswell Town Square. The property will also be near many restaurants and retailers including Gate City Brewing Co., El Zarape, King Galleries, The Roswell Garden and Ipp’s Pastaria & Bar. The property is also located 21.9 miles from downtown Atlanta.
CHARLOTTE, N.C. — Dallas-based CBRE has signed a lease to relocate its office to Vantage South End, a 635,000-square-foot mixed-use campus in Charlotte. The firm will relocate approximately 100 employees to a 24,535-square-foot space on the second floor of the Vantage South End’s east tower, which is located at 1120 South Tryon St. The company will change offices in the fourth quarter. The West Tower of the property was completed in 2021 and the new East Tower will be completed in the third quarter of 2022. The new office is part of CBRE’s Workplace360 initiative, which is the Dallas-based company’s approach to workplace strategy. The strategy is designed to promote employee flexibility, mobility and productivity. Workplace360 offices feature several workplace settings, including both collaborative and private spaces that employees can self-select to accommodate their hour-by-hour needs. Vantage South End includes two 11-story office towers connected by more than an acre of outdoor greenspace. The property’s amenities include outdoor terraces and seating, a wellness and fitness center, tenant event and training center, 55,000 square feet of restaurants and amenity spaces and a planned boutique hotel. The property’s West Tower is occupied by tenants including Lending Tree and Grant Thornton. Vantage South …