Development

Kroger Opens First Customer Fulfillment Center Nationwide

by Kristin Harlow April 19, 2021

MONROE, OHIO — The Kroger Co. (NYSE: KR) has opened its first customer fulfillment center (CFC) in the country. The 375,000-square-foot facility is located in Monroe, a city north of Cincinnati. The CFC can fulfill thousands of orders per day and has the capability to support fulfillment of pickup orders. Powered by Ocado Group, a grocery e-commerce company, the CFC combines vertical integration, machine learning and robotics with affordable and fast delivery service for fresh food, according to Kroger. Onsite associates will support delivery operations and help process, package and load orders. The Monroe CFC will employ nearly 400 associates. After placing an order via Kroger’s website or app, customers in regions where there is a CFC will have their groceries delivered by a Kroger delivery associate in a temperature-controlled van. The Kroger delivery network will also continue to leverage stores and third-party partners to deliver certain orders. In May 2018, Kroger and Ocado formed an exclusive partnership for the rollout of CFCs across the country. The companies also plan to roll out components of the software solutions into Kroger stores in order to support fulfillment of curbside pickup orders. A CFC in Groveland, Fla. near Orlando is scheduled to …

April 19, 2021

Affordable Housing California Development Multifamily Western

West Hollywood Community Corp. Starts Construction of 41-Unit Affordable Housing Property in Los Angeles

by Amy Works April 19, 2021

LOS ANGELES — West Hollywood Community Corp. has broken ground for the development of Mariposa Lily, an affordable multifamily property located in the Pico-Union neighborhood of Los Angeles. Mariposa Lily will feature 40 residential units of affordable and permanent supportive housing, as well as a manager’s apartment. HED designed the infill seven-story property, which reflects an art-deco style.

April 19, 2021

Development Healthcare Life Sciences Massachusetts Northeast Office Top Stories

IQHQ Begins Construction on $1B Fenway Center Life Sciences Project in Boston

by Taylor Williams April 19, 2021

BOSTON — IQHQ Inc., a developer of life sciences real estate with offices in Boston and San Diego, has begun construction on Fenway Center, a $1 billion project in Boston. IQHQ is co-developing the project with locally based firm Meredith Management. The initial phase of construction centers on the development of a 90,000-square-foot air rights deck that overlooks the Massachusetts Turnpike between Beacon Street and Brookline Avenue. The construction of the air rights deck will be the largest air rights structure built in Boston since Copley Place in 1980 and will take approximately 24 months to complete. Upon completion, Fenway Center will consist of more than 960,000 square feet of life sciences space with 10,000 square feet of retail space across two towers. Construction of the life sciences buildings is expected to be complete in early 2025. The campus will also feature 1.6 acres of landscaped green space and a parking garage that will be accessible from both buildings. The green space will include a large plaza and a public pedestrian walkway. The site is adjacent to BOWER, a new 312-unit luxury apartment complex that contains 38,000 square feet of amenity-oriented retail, the Lansdowne MBTA Commuter Rail Station, Fenway Park …

April 19, 2021

Development Florida Mixed-Use Southeast

Florida Panthers Invests $65M to Redevelop Fort Lauderdale Auditorium for New Practice Facility, Entertainment Center

by Julia Sanders April 16, 2021

FORT LAUDERDALE, FLA. — The Florida Panthers, the NHL club based in South Florida, plans to redevelop the War Memorial Auditorium in Fort Lauderdale into a new practice facility and entertainment center. The 144,000-square-foot project is slated for completion in summer 2022. Originally announced in April 2019, the Panthers privately financed $65 million for the War Memorial Auditorium revitalization, which was created through a public-private partnership with the City of Fort Lauderdale. The Florida Panthers plan to restore the facility through an adaptive reuse of its existing structure. The revitalized Florida Panthers Fort Lauderdale War Memorial Auditorium will feature two regulation-sized indoor ice rinks (including one available for public use), a practice facility and a ballroom-style concert and performance venue that can accommodate up to 3,800 people. The Panthers practice rink, which will primarily be used for community ice programming, will also feature stadium seating for up to 1,000 fans during practices and training camps. The facility will also be home to the Florida Panthers Foundation’s Youth Hockey Scholarship program that will launch this spring in partnership with the Boys & Girls Club of Broward County. Additional project components include a sit-down indoor and outdoor restaurant, new community fitness and …

April 16, 2021

Development Maryland Multifamily Southeast

Howard Hughes Corp. Breaks Ground on 472-Unit Multifamily Property in Columbia, Maryland

by Julia Sanders April 16, 2021

COLUMBIA, MD. — The Howard Hughes Corp. has broken ground on Marlow, a 472-unit residential property in the Merriweather District in downtown Columbia. The Dallas-based developer is targeting initial occupancy to begin in the fourth quarter of 2022. The seven-story Marlow will span 510,000 square feet, including 32,000 square feet of retail space and approximately 14,000 square feet of amenity space. Amenities will include a fitness center, golf simulator and a dog park. The property will also have a work-from-home lounge equipped with workspaces and private conference rooms. Marlow will have feature patios, promenades, a courtyard, pools, lawn areas and private alcoves, as well as an 800-square-foot rooftop sky lounge.

April 16, 2021

Development Florida Hospitality Southeast

Groot Hospitality, Partners Open Goodtime Hotel on South Beach in Miami Beach

by Julia Sanders April 16, 2021

MIAMI BEACH, FLA. — The Goodtime Hotel, the first collaborative lifestyle hotel brand from David Grutman of Groot Hospitality and Pharrell Williams, has opened on South Beach’s Washington Avenue and 6th Street in Miami Beach. Grutman and Williams worked alongside the real estate developers Michael Fascitelli and Eric Birnbaum of Imperial Cos. to build the hotel. Morris Adjmi was the architect, Ken Fulk was the interior designer and Raymond Jungles was the landscape architect. The Goodtime Hotel has 266 rooms that range from individual queen bed accommodations to a handful of suites. Many rooms hold direct views east to the Atlantic Ocean or west to Biscayne Bay. Each of Goodtime’s guest rooms feature custom bedding, blackout drapes, benches, bath amenities and a pink rotary dial phone. The hotel also has dining options such as Grutman’s Strawberry Moon, a restaurant and 30,000-square-foot pool club. Also, Goodtime has 45,000 square feet of ground-floor retail, a gym and library. The hotel opens for guest stays starting this month.

April 16, 2021

Development Industrial Southeast Tennessee

Seefried Industrial Plans 181,500 SF Last-Mile Distribution Facility in Memphis

by Julia Sanders April 16, 2021

MEMPHIS, TENN. — Seefried Industrial Properties plans to develop a build-to-suit distribution facility in Memphis for an unnamed e-commerce retailer. Located off Victory Ridge Cove, the last-mile logistics facility will include a 181,500-square-foot standalone package delivery facility used to complement a larger fulfillment center less than half a mile north on New Allen Road. The new building will feature 32-foot clear heights, 17 dock doors, 13 trailer spaces, parking for 953 delivery vans and 290 employee vehicle spaces, as well as 12,190 square feet of office and breakroom space. The project is slated for completion in February 2022. The Conlan Co. will serve as the general contractor, BL Cos. is the architect and The Reaves Firm Inc. is the civil engineer on the project. Seefried Industrial Properties is based in Atlanta and is one of Amazon’s preferred development partners.

April 16, 2021

Development Hospitality Illinois Midwest

Summit Design + Build Completes Construction of SpringHill Suites Hotel in Chicago’s Chinatown

by Kristin Harlow April 16, 2021

CHICAGO — Summit Design + Build LLC has completed construction of a 148-room SpringHill Suites hotel in Chicago’s Chinatown neighborhood. Summit constructed the four-story, 80,000-square-foot property on top of an existing two-story parking garage and retail center. The project includes a first-floor lobby, reception, gym, breakfast room and meeting room. SpringHill Suites is under the Marriott International umbrella. The project team included T2 Mechanical and Vari Architects.

April 16, 2021

Development Industrial Midwest Missouri

Belton City Council Approves $30M Expansion of Southview Commerce Center in Missouri

by Kristin Harlow April 16, 2021

BELTON, MO. — NorthPoint Development has received approval from Belton City Council to move forward with its $30 million expansion of Southview Commerce Center in metro Kansas City. The development currently includes three industrial buildings that are fully leased. The expansion will enable access to the business park from 155th Street and include the construction of Building 4 on the long-vacant Century Concrete plant. The new 501,000-square-foot building will be identical in design to the other buildings. Belton City Council also approved a preliminary application for single-family lots near the project. Belton’s public-private partnership with NorthPoint also calls for the creation of a workforce development center, which will provide training to ensure a prepared workforce for the business park. NorthPoint has also agreed to fund the design and engineering as well as fund half of the construction costs to replace 1.2 miles of old cast iron water pipe along Allen Avenue.

April 16, 2021

Acquisitions Development Industrial Texas

Henry S. Miller Brokerage Acquires Land in South Dallas, Plans Industrial Development

by Taylor Williams April 16, 2021

DALLAS — HSM Bonnie View LP, an affiliate of Dallas-based Henry S. Miller Brokerage (HSM), has acquired seven acres at the corner of Bonnie View and Langdon roads in South Dallas for a future industrial development. Tom Pearson and Chris Teesdale of Colliers International represented the seller, First United Bank, in the transaction. Huntley Luna and Nick Robinson of HSM brokered the deal on behalf of the firm. Mark Smith of HSM Equity Partners will lead the development efforts, specific details of which were not disclosed.

April 16, 2021

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