Friday, February 6, 2026
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Development

Pittsburgh-International-Airport
CivicDevelopmentNortheastPennsylvania

Allegheny County Airport Authority Breaks Ground on $1.4B Terminal Modernization Project

by Taylor Williams

PITTSBURGH — The Allegheny County Airport Authority has broken ground on the Terminal Modernization Program, a $1.4 billion expansion project that will add a new 700,000-square-foot terminal at Pittsburgh International Airport. The new terminal will be designed to improve the passenger experience by consolidating ticketing, security checkpoints and baggage claim. In addition, the project will add a multimodal complex that includes a new 3,300-space parking garage, rental car facilities and entrance roadways. The design team behind the project includes Gensler, HDR and Luis Vidal + Architects. The new terminal is expected to generate approximately $2.5 billion in economic activity and create more than 14,000 total direct and indirect jobs. The new terminal is scheduled to open in 2025.

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Hartford-Marriott-Farmington-Hotel
ConnecticutDevelopmentLoansMultifamilyNortheast

Kriss Capital Provides $32M Construction Loan for Multifamily Conversion Project in Farmington, Connecticut

by Taylor Williams

FARMINGTON, CONN. — Kriss Capital, a New York-based bridge lender, has provided a $32 million construction loan for a project that will convert a vacant hotel in the Hartford suburb of Farmington into a multifamily complex. The redevelopment of the 381-room Hartford Marriott Farmington Hotel will add 225 market-rate apartments to the local supply. Units will feature studio, one-, two- and three-bedroom floor plans, and amenities will include multiple pools, a fitness center, coworking space and outdoor dining areas. Kriss Capital provided the two-year, floating-rate loan to the borrower and developer, an affiliate of New Jersey-based CSRE Group. The project will be completed in phases, with leasing for the first phase beginning in 2022. The entire project is slated for completion in 2023.

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Residences-Olde-Town-Station-Arvada-CO
ColoradoDevelopmentMultifamilyWestern

High Street Residential, CBRE Investment to Develop 252-Unit Residences at Olde Town Station Near Denver

by Amy Works

ARVADA, COLO. — High Street Residential and its joint venture partner CBRE Investment Management, on behalf of the CBRE U.S. Development Partners 5 fund, will develop The Residences at Olde Town Station, a multifamily community in Arvada. The four-story property will feature 252 units ranging from studio to two-bedroom layouts over two levels of structured parking. On-site amenities will include a fitness center, clubroom, lounge, rooftop deck, two courtyards with lounge seating and fire pits, a resort-style pool and a dog park. The Eisen Group is serving as architect and PCL Construction is the general contractor. Citizens Bank provided financing for the project. High Street Residential is Trammell Crow Co.’s residential subsidiary. Construction is slated to begin in early October with final completion scheduled for late 2023.

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ArizonaDevelopmentMultifamilyWestern

Thornydale Apartments Breaks Ground on 209-Unit The Alexander Multifamily Community in Marana, Arizona

by Amy Works

MARANA, ARIZ. — Thornydale Apartments LLC, c/o Sears Financial Corp., has broken ground on The Alexander, a $49 million multifamily property located at 3915 W. Aerie Drive in Marana. The 292,850-square-foot development will feature two main mid-rise buildings, six garage buildings providing 12 loft units with attached garages, and two freestanding garages. The 209-unit property will offer technology and wellness amenities, including property-wide high-speed internet, keyless door and property access, lighting and temperature controls, and DISH TV, as well as blackout blinds in the bedrooms and adjustable smart lighting to customize the in-unit environment. Community amenities will include a dog park, barbecue area, bike storage and repair area, a resort-style pool, fitness center, outdoor fitness area and a variety of wellness offerings. Completion is slated for June 2023. Thornydale Apartments is owner/developer of the property, which Shelton Residential will manage. The project team includes Way Architects P.C., EMJ Construction, Dish Fiber and Data Link, Perry Engineering and The Planning Center.

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The Julia
DevelopmentFloridaLoansMultifamilySoutheast

Trez Capital Provides $78.2M Construction Financing for Apartment Project in Miami

by Julia Sanders

MIAMI — Trez Capital has provided a $78.2 million construction loan for The Julia, a 323-unit apartment building in Miami’s Allapattah neighborhood, just northwest of downtown Miami. Ben Jacobson of Trez Capital originated the non-recourse loan. Charles Foschini and Chris Apone of Berkadia secured the financing on behalf of the borrower. The financing is a 36-month loan, with a one 12-month extension option. Neology Life, a Miami-based development company, led by Lissette Calderon, is the borrower and developer. Construction has already begun, and the project is slated for completion by the middle of 2023. The development cost is $100 million, according to Neology Life Development Group. Located at 1625 NW 20th St., The Julia will feature a mix of one- and two-bedroom units ranging in size from 586 square feet to 892 square feet. Community amenities will include a pool with cabanas, rooftop garden, fitness and wellness center, coffee bar, dog park and virtual concierge. The Julia was named after Julia Tuttle, the founder of Miami. JAXI Builders Inc. is the general contractor for The Julia, while Behar Font Architects is the architect. Witkin Hultz Design is the landscape architect, and designBAR is in charge of interior design. Neology Life …

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DevelopmentIndustrialSouth CarolinaSoutheast

Seefried Breaks Ground on 185,250 SF Distribution Center in Duncan, South Carolina

by Julia Sanders

DUNCAN, S.C. — Atlanta-based Seefried Industrial Properties has broken ground on Victor Hill Distribution Center, a 185,250-square-foot industrial project in Duncan. Located at 1117 Victor Hill Road on a 15-acre site, Victor Hill is situated about 3.6 miles from Greenville-Spartanburg International Airport, 17.8 miles from downtown Greenville and 2.3 miles from BMW’s plant in Spartanburg, S.C. The Class A distribution center is being built on a speculative basis and is slated for completion and for tenant occupancy by July 2022. The building will have 32-foot clear heights, a rear-load configuration with a 185-foot truck court, 30 dock doors, 135 parking spaces and 50 trailer spaces. Additionally, the building will offer 2,300 square feet of office space. Doug Smith and Joseph Tripp of Seefried Industrial Properties will internally lead leasing for the building. Pattillo Construction Corp. is the general contractor at Victor Hill, and MCA Architecture is the project architect.

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Alliance-Center-North-8-Fort-Worth
DevelopmentIndustrialTexas

Hillwood to Develop Two Spec Industrial Buildings Totaling 1 MSF at AllianceTexas in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood will develop Alliance Center North 8 and 9, two speculative industrial buildings totaling approximately 1 million square feet within the firm’s 27,000-acre AllianceTexas master-planned development in Fort Worth. The cross-dock buildings will be marketed to e-commerce, logistics and manufacturing users and will feature 36-foot clear heights, 185-foot truck court depths, office space and LED warehouse lighting. In addition, Alliance Center North 8 will offer 140 car parking spaces (expandable to 260) with 116 trailer parking spaces, and Alliance Center North 9 will provide 150 car parking spaces with 221 trailer parking spaces. The groundbreaking is set for December, and completion is slated for the third quarter of 2022.

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DevelopmentRetailTexas

Cinemark Opens 14-Screen Movie Theater at Cottonwood Creek Market in Waco

by Taylor Williams

WACO, TEXAS — Cinemark has opened a 14-screen movie theater at Cottonwood Creek Market, a 285,000-square-foot shopping center in Waco that is owned by Houston-based NewQuest Properties. Other anchors at the shopping, dining and entertainment destination, which is located within the 143-acre Cottonwood Creek mixed-use development, include Main Event and Topgolf.

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DevelopmentIllinoisMidwestRestaurantRetail

McHugh Construction Begins Renovation of Historic Ramova Theater in Chicago

by Kristin Harlow

CHICAGO — McHugh Construction has begun the renovation of the historic Ramova Theater in Chicago’s Bridgeport neighborhood. The scope of the project involves restoring the theater and building out adjacent space for a new brewery and restaurant. Originally constructed in 1929, the theater has been vacant since 1985. Completion is slated for late 2022. The project is a public-private partnership with the City of Chicago and co-developers Our Revival Chicago and Baum Revision. Upon completion, the 22,000-square-foot Ramova Theater will include a 1,600-seat auditorium and a separate balcony-level theater that can accommodate 200 people. The venue will host bands as well as events for local schools and community groups. The project will restore the theater’s existing marquis, lobby, auditorium, plaster ceiling and vintage ticket booth. Adjacent to the theater, a separate entrance will lead patrons to a 4,000-square-foot brewery and tap room fronting Halsted Street. A 200-person space on the second floor will host private events and intimate music performances. The project will also include the revived Ramova Grill restaurant. The 30-seat eatery will be run by The Duck Inn chef and owner Kevin Hickey, a Bridgeport native who used to frequent the Ramova Grill as a child. The original …

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DevelopmentIndustrialMidwestMinnesota

Opus Breaks Ground on 137,178 SF Spec Industrial Building in Blaine, Minnesota

by Kristin Harlow

BLAINE, MINN. — The Opus Group has broken ground on a 137,178-square-foot speculative industrial building known as Sanctuary Business Center in Blaine, a northern suburb of Minneapolis. The property will feature two drive-in doors, 32 dock positions, parking for 160 vehicles, trailer parking and LED lighting. Completion is slated for July 2022. Opus is the developer, design-builder, interior designer, architect and structural engineer. Stantec is the civil engineer. Danny McNamara of Cushman & Wakefield is the listing broker for the property.

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