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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Underway on 763-Bed Student Housing Development Near University of Central Florida

by John Nelson

ORLANDO, FLA. — Construction is underway on VIBE, a 763-bed student housing project by Gilbane Development and CBRE Investment Management located at 3765 Quadrangle Blvd. near the University of Central Florida campus in Orlando. The partnership recently opened a temporary leasing office for the community at 12226 Corporate Blvd. The development is scheduled for completion in fall 2026. VIBE will offer 275 fully furnished units in one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Each floor will offer private rooms for individual study, remote classes or quiet reflection. Additional shared amenities are set to include two courtyards; a resort-style pool with cabanas and a sun deck; clubhouse with a communal fire pit; outdoor kitchen with grills; pickleball courts; a 24-hour fitness center; sauna; coworking lounge; and a coffee bar. The community will also offer 712 parking spaces, as well as secured bicycle storage.

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AlabamaDevelopmentIndustrialSoutheast

HDA Leads 325,000 SF Adaptive Reuse Project for Gulf Distributing in Downtown Mobile, Alabama

by John Nelson

MOBILE, ALA. — HDA has announced the completion of the new headquarters for Gulf Distributing in downtown Mobile. The project was an adaptive reuse of the vacant Press-Register Building, a 1950s-era printing press, into a 325,000-square-foot beverage distribution facility. HDA’s design included renovating 225,290 square feet of existing space, an 85,040-square-foot warehouse expansion, a new 4,960-square-foot vehicle maintenance facility and a 9,166-square-foot covered cooperage for the production of barrels and tubs. Other members of the project team were not released. Founded in 1973, Gulf Distributing is a beer distributor that operates across Alabama, the Florida Panhandle and Mississippi. The family-owned company employs approximately 1,300 people and partners with more than 140 suppliers.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

HTG, AM Affordable Housing Open 81-Unit Seniors Housing Community in Crystal River, Florida

by John Nelson

CRYSTAL RIVER, FLA. — Affordable housing developers Housing Trust Group (HTG) and AM Affordable Housing have partnered to deliver The Fountains at Hidden Lake, an 81-unit affordable seniors housing community located at 10456 W. Ashburn Lane in Crystal River. The $24.5 million community was fully occupied at the grand opening to households age 62 and older who earn at or below 30, 40 and 60 percent of the area median income (AMI). Situated on 7 acres in west Florida, The Fountains at Hidden Lake includes 61 one-bedroom and 20 two-bedroom apartments ranging in size from 645 to 952 square feet. Amenities include a resort-style swimming pool, horseshoe court, fitness center, dog park and a multipurpose community room. Programming for the senior residents will include regular wellness check-ins, light housekeeping, grocery and laundry assistance and a calendar of community events and activities. Public and private funding sources for the project included $20.4 million in 9 percent Low-Income Housing Tax Credits (LIHTC) allocated by the Florida Housing Finance Corp. and syndicated by City Real Estate Advisors; an $18.5 million construction loan and $4.15 million permanent loan from KeyBank Real Estate Capital; and a $340,000 loan from the City of Crystal River. The …

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Affordable HousingDevelopmentMultifamilyNortheastPennsylvania

Tryko Partners to Develop 48-Unit Affordable Housing Project in Pittsburgh

by Taylor Williams

PITTSBURGH — New Jersey-based Tryko Partners will develop a 48-unit affordable housing project in Pittsburgh’s West End neighborhood. Hill Top Villas will be an age-restricted complex in which the majority (40) of the one-bedroom units will be reserved for households earning 60 percent or less of the area median income. Amenities will include a fitness center and a community room. Tryko Partners has received 9 percent Low-Income Housing Tax Credits to finance the project, and construction could begin as early as 2027.

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AcquisitionsData CentersDevelopmentSoutheastVirginia

Reports: Amazon Acquires Data Center Site in Northern Virginia for $700M

by John Nelson

BRISTOW, VA. — An affiliate of e-commerce giant Amazon, Amazon Data Services, has acquired a site in Prince William County for a future data center campus. The firm acquired the undeveloped site near Devlin Road and I-66 in Bristow for $700 million, according to Washington Business Journal. CoStar Group reports that Stanley Martin Homes, a Reston, Va.-based homebuilder, sold the 188-acre site to Amazon and that Eastdil Secured represented the land seller in the deal. Washington Business Journal reports that the Prince William Board of County Supervisors rezoned the site for data center development in November 2023 and has since been in a legal dispute, with the Court of Appeals of Virginia recently upholding the county’s original rezoning decision.

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DevelopmentFloridaOfficeSoutheast

Gatsby Florida to Develop 220,000 SF Office Tower in Palm Beach Gardens, Florida

by John Nelson

PALM BEACH GARDENS, FLA. — Gatsby Florida plans to develop The Modern at Palm Beach Gardens, a 220,000-square-foot office tower in South Florida. The real estate development firm plans to break ground on The Modern in January and deliver the eight-story property in late 2027. Darryl Kaplan of Darryl R. Kaplan Co. is handling the leasing of the project and has preleased approximately 25 percent of the tower’s gross leasable area. Gatsby Florida expects a “rapid lease-up” due to an expected exodus from New York City by major corporations. The Modern will feature a 10,000-square-foot fine dining restaurant, a 4,000-square-foot casual dining eatery and an additional 7,000 square feet of retail space situated under an adjacent 838-space parking garage. Planned amenities include a large rooftop patio with covered seating, a wet bar and restrooms, as well as a fitness center with full-service locker rooms and a media/conference center.

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DevelopmentFloridaIndustrialSoutheast

MWI Property Group Delivers 192,924 SF Industrial Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — MWI Property Group has delivered a new 192,924-square-foot industrial facility located at 9395 Pritchard Road in Jacksonville. The facility is situated within Westlake Commerce Center, which features a 337,104-square-foot building delivered earlier this year. Guy Preston, Seda Preston and John Cole of Colliers are leading the leasing and marketing efforts at the new facility. The property features 32-foot clear heights, 55 dock-high doors, 100 trailer positions, ESFR fire protection and 2,000-amp power.

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100-Bay-Street-Jersey-City
DevelopmentMultifamilyNew JerseyNortheast

BLDG Management Unveils Plans for 1,300-Unit Multifamily Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — New York City-based developer BLDG Management has unveiled plans for a 1,300-unit proposed multifamily project at 100 Bay Street in Jersey City. Designed by Pelli Clarke & Partners, the project concept centers on a single residential building that will feature two towers — rising 90 and 40 stories — on a podium base and connected by a 40th floor sky bridge. In addition, the plan for 100 Bay Street includes a 20 percent affordable housing component as well as approximately 29,000 square feet of indoor and outdoor retail space at the ground level. Lastly, the design implements previously approved elements required by Jersey City for this site, pursuant to a development agreement with the property owner, which was approved in a federal court consent order.

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DevelopmentIndustrialUtahWestern

ViaWest Group, GEM Realty Capital Break Ground on 470,334 SF Industrial Park in West Valley City, Utah

by Amy Works

WEST VALLEY CITY, UTAH — ViaWest Group, in partnership with GEM Realty Capital, has broken ground on 5400 Commerce Center, an industrial development located at 7301 W. 5400 South in West Valley City. Totaling 470,334 square feet, the project will feature a 97,249-square-foot Building 1, 154,586-square-foot Building 2 and 218,499-square-foot Building 3. Each building will be LEED-certified and feature ESFR sprinkler systems, 32- to 36-foot clear heights and 3,000 amp to 4,000 amp 480/277V power. Matt McAfee, Tom Dischmann, Jeff Richards and Chris Liddell of CBRE are leading the leasing efforts for the project.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on $18.9M Fire, Ambulance Headquarters in Cloquet, Minnesota

by Kristin Harlow

CLOQUET, MINN. — Kraus-Anderson Construction has broken ground on a new $18.9 million fire and ambulance headquarters serving the Cloquet Area Fire District in Cloquet, a city in northeastern Minnesota. Designed by LHB Architects, the 35,700-square-foot facility will feature an eight-stall apparatus bay for ambulance, fire and rescue vehicles and equipment. The building will house a two-story administrative and dormitory area, training tower and elevator. The first floor will include offices, conference rooms, a training room, fitness room and personal protective equipment storage. The second floor will include 11 dorms, a kitchen, dining room and day room. A new paved area will be used for training. The project is slated for completion by December 2026.

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