Development

Kraus-Anderson Begins $60M Expansion of Lund Center at Gustavus Adolphus College in Minnesota

by Kristin Harlow April 22, 2021

ST. PETER, MINN. — Kraus-Anderson has begun the $60 million expansion of the Lund Center at Gustavus Adolphus College in St. Peter, about 70 miles southwest of Minneapolis. Designed by BWBR Architects, the 72,000-square-foot project includes new and improved spaces for wellness and academic programs in health and exercise and athletic training. Academic programs within Lund Center prepare students for careers in healthcare, education, coaching, athletic training and strength and conditioning. Phase I, which is expected to cost $21.6 million and be completed in spring 2022, will expand wellness facilities and include an expanded weight room as well as cardio and group fitness spaces. A new academic wing will house improved classrooms and faculty offices. A third-floor student lounge and recruitment area will be added for student and faculty use. Phase II calls for the construction of a new human performance lab, a 53,000-square-foot field house, a 118-seat lecture hall and locker rooms.

April 22, 2021

Development Georgia Hospitality Southeast Top Stories

Skanska, SG Contracting Selected to Build $308.3M Signia by Hilton Hotel in Downtown Atlanta

by Katie Sloan April 22, 2021

ATLANTA — A joint venture between Skanska and SG Contracting Inc. has been selected to build a $308.3 million Hilton (NYSE: HLT) hotel adjacent to the Georgia World Congress Center (GWCC) in downtown Atlanta. The 1.2 million-square-foot hotel will be the first newly constructed project under Hilton’s upscale Signia banner, and will act as a headquarters hotel for the GWCC. The property will overlook the Mercedes-Benz Stadium and is located near the Omni Atlanta Hotel, CNN Center, State Farm Arena and the Georgia Aquarium. The 40-story hotel is set to feature 975 guest rooms alongside amenities including 75,000 square feet of world-class meeting and event space; a connected walkway to the GWCC; spa; fitness center; 6,670-square-foot pool deck; an outdoor event lawn; a market; two chef-driven restaurants; and three bars. “The Signia by Hilton will further elevate Atlanta’s international presence and position as a major host of civic, cultural and commercial events,” says Scott Cannon, executive vice president and general manager for Skanska’s Georgia and South Carolina operations. Skanska and SG Contracting will provide pre-construction and construction management services for the hotel, which Gensler designed to achieve LEED Gold certification. The development, which Cannon says will generate approximately 600 construction jobs, is …

April 22, 2021

Development Industrial North Carolina Southeast

Beacon Partners Breaks Ground on 525,030 SF Logistics Facility in Metro Charlotte

by Julia Sanders April 21, 2021

PINEVILLE, N.C. — Charlotte-based Beacon Partners has broken ground on a 525,030-square-foot speculative logistics building at Carolina Logistics Park near the Westinghouse Boulevard and Nations Ford Road interchange in Pineville. The mass grading and road infrastructure for the 288-acre park is underway and will be complete by the end of the year. The Carolina Logistics Park building will be able to accommodate several tenants and is designed to appeal to the large-building demand. The site is approximately 14 miles south of Charlotte and is in close proximity to Interstates 85, 485 and 77. Located at 11925 Carolina Logistics Drive, the new building will feature 40-foot clear heights, 190-foot concrete truck courts with trailer parking, floor slabs and 139 trailer stalls. The building is slated for completion early in 2022. When finished, Carolina Logistics Park will accommodate up to 3.5 million square feet of new Class A distribution and manufacturing space. The project team includes general contractor The Conlan Co., architect Merriman Schmitt Architects and civil engineer Orsborn Engineering Group. Wells Fargo provided construction financing.

April 21, 2021

Affordable Housing Development Multifamily Texas

Palladium Underway on 90-Unit Mixed-Income Multifamily Community in Fort Worth

by Taylor Williams April 21, 2021

FORT WORTH, TEXAS — Locally based developer Palladium USA is underway on construction of Palladium Fain Street, a 90-unit mixed-income multifamily community in Fort Worth. The majority (81) of the units will be reserved for renters earning between 30 and 60 percent of the area median income, while the other nine units will be rented at market rates. Amenities will include a pool, fitness center, dog park, walking trails, conference room, computer lab and a playground. The first units are expected to be available for occupancy in April 2022. Cross Architects is designing the project, and BBL Construction is the general contractor.

April 21, 2021

Alta-at-River's-Edge-Wayland-Massachusetts

Development Massachusetts Multifamily Northeast

Wood Partners Breaks Ground on 218-Unit Apartment Project Near Boston

by Taylor Williams April 21, 2021

WAYLAND, MASS. — Multifamily developer Wood Partners has broken ground on Alta at River’s Edge, a 218-unit apartment project in the western Boston suburb of Wayland. The property will offer one-, two- and three-bedroom units with stainless steel appliances, smart thermostats and private balconies. Amenities will include a clubroom, game lounge, fitness center, indoor golf simulator, a pool, fire pits and outdoor grilling stations. The opening is scheduled for summer 2022.

April 21, 2021

Theory-Wellness-Bridgewater-Massachusetts

Development Industrial Massachusetts Northeast

Dacon Completes 23,500 SF Cannabis Cultivation Facility in Bridgewater, Massachusetts

by Taylor Williams April 21, 2021

BRIDGEWATER, MASS. — Massachusetts-based design/build firm Dacon has completed a 23,500-square-foot cannabis cultivation facility in Bridgewater, located south of Boston. The project is a build-to-suit for Theory Wellness, a provider of medical and recreational cannabis products with operations in Maine and Massachusetts. The space includes two climate-sensitive growth labs, two extraction labs and a manufacturing area.

April 21, 2021

Development Midwest Mixed-Use Ohio

Direct Retail Partners to Begin Redevelopment of Shops at Worthington Place Mall in Suburban Columbus

by Kristin Harlow April 21, 2021

WORTHINGTON, OHIO — Direct Retail Partners has received the final zoning approval to begin construction on Phase I of the redevelopment of the Shops at Worthington Place in Worthington, a northern suburb of Columbus. The project, known as High North, will transform the shopping mall into a mixed-use development, anchored by a 125,000-square-foot Class A office building. Five floors of office space will sit atop four levels of structured parking. The first floor will be surrounded by a WiFi-enabled public courtyard. Dining and grocery options like Panera Bread, First Watch, Pies & Pints and Kroger will remain in the development. About 21,000 square feet of the existing mall will be demolished, according to online news publication Columbus Underground. Collin Wheeler, Aaron Duncan and Brad Stricker of CBRE are marketing the office portion for lease.

April 21, 2021

Arizona Development Multifamily Western

Banyan Breaks Ground on 651-Unit Banyan North Tempe Apartments in Arizona

by Amy Works April 21, 2021

TEMPE, ARIZ. — Los Angeles-based Banyan Residential has broken ground for the first phase of Banyan North Tempe, a 651-unit multifamily community in Tempe. Working with Indianapolis-based Milhaus, Banyan annexed a 16.5-acre site, which is the first time the City of Tempe has expanded its boundaries in more than a decade. Construction is now underway for the $177 million development, with the first phase slated for completion in early 2023. Designed by Todd & Associates, Banyan North Tempe will feature 310 studio, one-, two-, three- and four-bedroom units in its first phase and a total of 651 units at full build-out. Community amenities will include two swimming pools, a fitness center, an outdoor spa, a clubhouse and library. The development team secured a $52 million construction loan from UMB Bank and Academy Bank. McShane Construction Co. is serving as general contractor on the project.

April 21, 2021

Development Mixed-Use Texas

Lincoln Property Co. to Develop Mixed-Use Project in Dallas

by Taylor Williams April 20, 2021

DALLAS — Dallas-based Lincoln Property Co. will develop a mixed-use project in the Preston Center area of Dallas. The project will consist of a 12-story, 225,000-square-foot office building and a 14-story, 128-unit multifamily complex, as well as retail and restaurant space. Construction is set to begin in May. Lincoln Property Co.’s commercial division will occupy 59,000 square feet of space at the office building, and Sewell Automotive Cos. has committed to 26,500 square feet of office space. Lincoln Property Co. is developing the project on land owned by Saint Michael and All Angels Episcopal Church following a five-year collaborative effort to secure entitlements for the site from the City of Dallas.

April 20, 2021

Development Florida Multifamily Southeast

Strategic Property Partners Opens Heron Residential Building at Water Street Tampa

by Julia Sanders April 20, 2021

TAMPA, FLA. — Strategic Property Partners LLC, the Tampa-based developer behind the $3 billion Water Street Tampa development underway, has opened Heron, a 420-unit apartment community located at 815 Water St. Water Street Tampa’s first residential building is now offering in-person tours for potential residents. Construction on the development started in November 2018. The residential property offers one-, two- and three-bedroom apartments ranging in size from 555 to 2,206 square feet. Each unit features a private terrace ranging from 122 to 753 square feet, as well as floor-to-ceiling windows, quartz counters, custom cabinetry and kitchen appliances by Fisher & Paykel. Additionally, each residence includes floating bathroom vanities, soaking tubs and rainfall showerheads. Heron includes a parking garage and 40,000 square feet of ground-level retail space, including a GreenWise Market. Orlando-based ZRS Management Co. manages Heron and will oversee its programming, including virtual and in-person events. These will include cooking demonstrations with chefs, fitness and meditation classes and expert discussions on topics like sleep wellness and urban gardening. Heron’s amenities include a rooftop pool with cabanas, outdoor kitchen and barbecue areas, fitness center, bar and lounge spaces on each of its dual towers. The property will be the first residential development …

April 20, 2021

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