Thursday, April 30, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

buc-ees
DevelopmentGeorgiaRetailSoutheast

Buc-ee’s Breaks Ground on 74,000 SF Travel Center in Forsyth, Georgia

by Abby Cox

FORSYTH, GA. — Buc-ee’s has broken ground on a 74,000-square-foot travel center in Forsyth, roughly 60 miles southeast of Atlanta in Monroe County. The store is scheduled to open in spring 2027 and will become the fourth Buc-ee’s location in the state. Officials also stated that the site will be one of the largest in the company’s history and about 40 percent larger than the Buc-ee’s already operating in Warner Robins, about 30 miles to the south, according to WJCL. Situated at 1060 Rumble Road, the new store is expected to bring more than 200 full-time jobs to the area. Buc-ee’s currently operates 54 stores throughout its home state of Texas, as well as Alabama, Florida, Georgia, Kentucky, South Carolina, Ohio, Colorado, Virginia, Missouri and Tennessee.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndianaIndustrialMidwest

Faith Technologies Expands in Indiana with 500,000 SF Manufacturing Facility

by Kristin Harlow

PITTSBORO, IND. — Faith Technologies Inc. (FTI) is expanding to Pittsboro, about 30 miles northwest of Indianapolis, and has begun construction on a 500,000-square-foot manufacturing facility within Opus’ Pittsboro Commerce Center. FTI delivers solutions in engineering, construction, manufacturing and clean energy. The new Pittsboro facility will support FTI’s Excellerate brand, which specializes in modular electrical assemblies and energy solutions. The project will create more than 200 skilled manufacturing and electrical jobs. Pittsboro Commerce Center is a new 170-acre industrial development planned by Opus that is located near I-74. Opus sold 47 acres to FTI and is currently completing site infrastructure, including grading, access roads and utilities. FTI is serving as general contractor for its facility, which marks the first building within the development. Opus plans to build out the remainder of the project in phases. The State of Indiana and Hendricks County provided incentive-based tax credits through the Indiana Economic Development Corp. and a property tax abatement through Hendricks County based on FTI’s expected impact on economic growth and job creation in Pittsboro and the surrounding region.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMidwestWisconsin

Associated Bank Provides $32.7M Construction Loan for Multifamily Project in Central Wisconsin

by Kristin Harlow

GRAND CHUTE, WIS. — Associated Bank has provided a $32.7 million loan to Toonen Inc. for the construction of The Strata Apartments, a multifamily complex along McCarthy Road in Grand Chute. The 25-building project will include 236 units. Several of the buildings will feature attached or detached garages, and the majority (172) of the units will be two-bedroom floor plans. Construction is underway, and completion is slated for February 2028. Toonen maintains a portfolio of nearly 3,500 units across the Green Bay and Fox Valley areas of Wisconsin. Tim Jorgensen of Associated Bank managed the loan arrangements and closing.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNew JerseyNortheast

NFI, Penwood Underway on 528,478 SF Spec Industrial Project in Burlington County, New Jersey

by Taylor Williams

BURLINGTON COUNTY, N.J. — A joint venture between New Jersey-based owner-operator NFI Real Estate and Penwood Real Estate Investment Management is underway on construction of Turnpike 5 Logistics Park, a 528,478-square-foot speculative industrial project in Southern New Jersey’s Burlington County. The two-building development’s name stems from its proximity to Exit 5 off the New Jersey Turnpike. The buildings will span 310,000 and 218,478 square feet and will feature clear heights of 36 feet, as well as “extensive” trailer parking and “heavy” power capacities. Fifth Third Bancorp provided $54 million in construction financing for the project, which was arranged by JLL. JLL also structured the joint venture between the two groups.

Continue Reading
FacebookTwitterLinkedinEmail
StoneHawk-Rosehill-Garland
DevelopmentLoansMultifamilyTexas

Dwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily Project

by Taylor Williams

GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland. The site spans more than seven acres, and the development will offer one- and two-bedroom units, 51 percent of which will be subject to income restrictions. Amenities will include a pool, clubhouse with fitness and business centers, an onsite leasing and management office and outdoor recreation areas, including a landscaped courtyard. Brandon Baksh and Brian Yee of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the locally based sponsor, StoneHawk Capital Partners.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Sansone Group, Principal Break Ground on 682,000 SF Industrial Project in South Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin. The site is located 10 miles south of downtown Austin near the Tesla Gigafactory, and the project represents Phase II of a 134-acre development known as Austin Hills Commerce Center. Burton Construction is the general contractor for the Phase II, which will consist of a single building, and Stream Realty Partners has been appointed as the leasing agent. Phase I of Austin Hills Commerce Center comprised three buildings totaling 538,000 square feet. The development is ultimately planned to feature 1.3 million square feet across six buildings.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMassachusettsMultifamilyNortheast

Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

by Taylor Williams

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

Continue Reading
FacebookTwitterLinkedinEmail
The-Carina-Santa-Ana-CA
CaliforniaDevelopmentLoansMultifamilyWestern

Affinius Capital Receives $144M Construction Loan for The Carina Multifamily Project in Santa Ana, California

by Amy Works

SANTA ANA, CALIF. — Affinius Capital has received $144 million in construction financing for The Carina, an apartment development in Santa Ana. Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul of JLL Capital Markets secured the three-year, floating-rate loan through QuadReal for the borrower. Located at 2828 N. Main St., The Carina will feature 408 apartments upon completion in October 2028. Construction began in April, with first units scheduled for delivery in May 2028. The nine-story property will offer a mix of studio, one- and two-bedroom apartments with stainless steel appliances, in-unit washers/dryers, quartz countertops, wood plank-style flooring and private balconies. Community amenities will include a resort-style swimming pool on an open-air, fourth-floor deck, an outdoor lounge and kitchen, fitness center, yoga and spin studio, resident game room, individual study rooms and offices, a dog run and wash, and onsite security. Lowe is managing development of the project. Greystar will provide property management for the community.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentUtahWestern

JLL Arranges Financing for 94-Acre Northpoint Innovation Park in Salt Lake City

by Amy Works

SALT LAKE CITY — JLL Capital Markets has secured an undisclosed amount of financing for Northpoint Innovation Park, a 94-acre master-planned industrial project at 3200 N 2200 W in Salt Lake City. A Utah-based community bank provided the loan for the borrower, a joint venture between OCC Industrial and Xcel Development. Situated adjacent to Salt Lake City International Airport and within 10 minutes of downtown Salt Lake City, Northpoint Innovation Park’s master plan includes eight larger sites designed for front-park, rear-load vertical development and five smaller format sites with approximately 1 acre each of yard space or additional parking. Upon completion, the park will offer 15 pad-ready sites for small industrial users. Will Haass and Jeff Pew of JLL arranged the financing, which incorporates an Infrastructure Financing District municipal bond package that will fund public infrastructure improvements including roads, utilities and offsite connections. Culum Mills and the JLL Salt Lake City industrial leasing team will market the individual pad-ready sites to industrial users upon completion of horizontal improvements.

Continue Reading
FacebookTwitterLinkedinEmail
Ekos_at_Warrington
Affordable HousingDevelopmentFloridaLoansSoutheast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a fitness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts