Development

Peak Campus, Blue Vista Break Ground on 441-Bed Student Housing Community Near the University of Washington

by Amy Works February 15, 2021

SEATTLE — A joint venture between Peak Campus and Blue Vista Capital Management has broken ground on Theory U District, a 441-bed student housing community located near the University of Washington campus in Seattle’s University District. The seven-story development will offer fully furnished units alongside communal amenities including a fitness center, business center, courtyard, rooftop amenity deck, gathering areas, grilling areas and an outdoor kitchen. The Bank of Oklahoma is providing construction financing for the project, set to open in fall 2022.

February 15, 2021

California Development Industrial Western

Premier Design + Build Constructing Three Industrial Facilities in Southern California for Black Creek Group

by Amy Works February 15, 2021

RIVERSIDE COUNTY, SAN BERNARDINO COUNTY AND TORRANCE, CALIF. — Premier Design + Build, as contractor, is constructing three industrial facilities in Southern California for Black Creek Group, a Denver-based real estate investment management firm. Totaling nearly 696,000 square feet, the projects include Perris DC III in Riverside County, Fontana Logistics Center in San Bernardino County and Gateway Logistics Center in Torrance. Situated on 24.5 acres, Perris DC III will feature a 251,000-square-foot facility with 32-foot clear heights, 37 truck dock positions, a drive-in door and 216 excess trailer stalls. Perris DC III is slated for completion in first-quarter 2021. Located on a vacant 8.9-acre site, Fontana Logistics Center will feature a 193,000-square-foot industrial warehouse offering 36-foot clear heights, 27 truck dock positions, two drive-in doors and office space. Completion is scheduled for first-quarter 2021. Slated for completion in fourth-quarter 2021, Gateway Logistics Center will feature a 252,000-square-foot building with 36-foot clear heights, 42 truck doors, two drive-in doors and 67 trailer parking stalls.

February 15, 2021

California Development Industrial Western

Trammell Crow, CBRE Global Investors to Develop 410,076 SF Butterfield 5 Technology Park in Morgan Hill, California

by Amy Works February 15, 2021

MORGAN HILL, CALIF. — Trammell Crow Co. and CBRE Global Investors have broken ground on Butterfield 5 Technology Park in Morgan Hill, approximately 70 miles southeast of San Francisco. Totaling 410,076 square feet, the park will feature five Class A industrial buildings on 24 acres at the intersection of Butterfield and Sutter boulevards. Completion is scheduled for first-quarter 2021. The buildings will range from 70,280 square feet to 91,738 square feet and are designed to accommodate tenants that require as little as 35,000 square feet of space. The buildings will feature prominent glass entries, extensive landscaping, clear heights ranging from 28 feet to 32 feet, and convenient access to Monterey Road and US 101. CBRE’s Rob Shannon, Chip Sutherland and Brian Matteoni is representing the project.

February 15, 2021

Development Multifamily Seniors Housing Washington Western

Revel Communities Opens 146-Unit Independent Living Property in Issaquah, Washington

by Amy Works February 15, 2021

ISSAQUAH, WASH. — Revel Communities, a division of The Wolff Co., has opened Revel Issaquah, a 146-unit independent living community in the Seattle suburb of Issaquah. As Revel’s third community in Washington State, the property is located less than 20 miles outside Seattle and just outside of downtown Issaquah across from Lake Sammamish, providing residents with easy access to art galleries, shopping and entertainment.

February 15, 2021

Affordable Housing Development Multifamily Southeast Virginia

AHC Delivers $100M Affordable Housing Property in Arlington, Virginia

by John Nelson February 12, 2021

ARLINGTON, VA. — AHC Inc. has delivered The Apex, a 256-unit affordable housing community in Arlington. AHC Management, a subsidiary of AHC Inc., is managing the $100 million development and is currently accepting applications. The Apex features a playground, sport court, community center, underground parking and fitness room. The community’s one-, two- and three-bedroom apartments are available for families earning 40 percent to 80 percent of the area median income (AMI). The Apex was designed to earn an EarthCraft Gold certification. To reduce environmental impact, the building offers energy-efficient appliances and features a green roof. The Apex has quick access to the biking and pedestrian trail that follows along the Four Mile Run Trail. The community also will offer a variety of social and educational programs for residents. The project’s financing includes up to $20.9 million in revolving loan funds from Arlington County’s Affordable Housing Investment Fund (AHIF). The redevelopment was awarded $2.5 million in 9 percent Low-Income Housing Tax Credits (LIHTC) and approximately $1 million in 4 percent LIHTC equity. Michael T. Foster Architects designed the apartment community, and Harkins Builders constructed the property. AHC Inc. is a regional developer of affordable housing communities based in Arlington, Va.

February 12, 2021

Development Multifamily Texas

ZOM Living to Develop 398-Unit Hazel by the Galleria Apartments in Dallas

by Taylor Williams February 12, 2021

DALLAS — Orlando-based ZOM Living will develop Hazel by the Galleria, a 398-unit apartment community that will be located on 3.5 acres at the corner of Noel Road and Interstate 635 in the Galleria area of Dallas. Amenities at Hazel by the Galleria will include a 3,000-square-foot coworking space with lounges, private offices and a coffee bar, a fitness center with saunas and a relaxation lounge, an outdoor pool with surrounding grilling stations and fire pits, an entertainment lounge with bar areas, pet spa and a package room. LRK is the project architect, and CBG Building Co. is the general contractor. Construction is scheduled to begin this month and to be complete in the second quarter of 2023.

February 12, 2021

Civic Development Texas

Adolfson & Peterson Completes 100,431 SF Elementary School in Haslet, Texas

by Taylor Williams February 12, 2021

HASLET, TEXAS — General contractor Adolfson & Peterson Construction has completed Haslet Elementary School, a 100,431-square-foot institution that will be located outside Fort Worth and that will be part of the Northwest Independent School District. The school, which has the capacity to enroll 850 students, features an open concept library, learning pods with classrooms and collaborative spaces. Austin-based Huckabee designed the project, construction of which began in summer 2019.

February 12, 2021

Development Multifamily Seniors Housing Texas

Civitas, Journey Capital Break Ground on 121-Unit Seniors Housing Project in Aledo, Texas

by Taylor Williams February 12, 2021

ALEDO, TEXAS — Civitas Senior Living and Journey Capital, a senior housing development company, have broken ground on Harvest of Aledo Senior Living, a 121-unit project located approximately 20 miles west of Fort Worth in Aledo. The 68,000-square-foot property will consist of 20 independent living residences, 67 assisted living units and 24 memory care units. Other project partners include Arrive Architects, Ridgemont Construction and Senior By Design. Completion is scheduled for fall 2022.

February 12, 2021

Development Hospitality Northeast Pennsylvania

Keystone Property Group Begins Development of 127-Room Hilton-Branded Hotel Near Philadelphia

by Taylor Williams February 12, 2021

CONSHOHOCKEN, PA. — Keystone Property Group has begun development of Hotel West +Main, a 127-room hotel in the northern Philadelphia suburb of Conshohocken that will be operated under the Tapestry Collection by Hilton brand. Keystone has partnered with Concord Hospitality Enterprises to develop and operate the boutique hotel, which is part of the 520,000-square-foot SORA West mixed-use development. The hotel is expected to open in the second half of 2022.

February 12, 2021

Development Massachusetts Multifamily Northeast

Callahan Breaks Ground on 108-Unit Apartment Project in Boston

by Taylor Williams February 12, 2021

BOSTON — Callahan Construction Managers has broken ground on a 108-unit apartment project located at 5 Washington St. in Boston’s Brighton neighborhood that will have 18 units designated as affordable housing. The five-story building will also house 12,500 square feet of ground-floor retail space and 127 parking spaces. Building amenities will include a fitness area, clubhouse, entertainment kitchen, home office space and an outdoor terrace with two quartz-topped bars, cabanas, gas grills and fireplaces. Washington Square Ventures is the developer, and Stantec is the architect. Completion is scheduled for the fourth quarter of 2022.

February 12, 2021

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