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Development

Halewaiolu-Honolulu-HI
Affordable HousingDevelopmentHawaiiMultifamilySeniors HousingWestern

Michaels Organization Breaks Ground on $93.3M Affordable Seniors Housing Project in Downtown Honolulu

by Amy Works

HONOLULU — The Michaels Organization, in partnership with the City and County of Honolulu and the State of Hawaii, has broken ground on Halewai`olu Senior Residences, an affordable seniors housing community in downtown Honolulu. Scheduled for completion in 2023, the 17-story development sits on a 26,925-square-foot parcel owned by the City and County of Honolulu. The property will feature 156 one- and two-bedroom affordable rental units. Construction of the $93.3 million project will be funded using a combination of $48 million in Hula Mae Multi-Family Tax-exempt Bonds (HMMF), $21.3 million in Rental Housing Revolving Funds (RHRF), a $10 million traditional construction loan, and equity from the sale of low-income housing tax credits. First Hawaiian Bank is the lead construction lender with participation from American Savings Bank. Hawaii Housing Finance and Development Corp. administers the HMMF and RHRF. Halewai`olu Senior Residences will be available to seniors ages 62 and older, with rents starting at $547 per month. All of the units will be restricted to those earning between 30 percent and 80 percent of area median income.

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1656-S-Cucamonga-Ave-Ontario-CA
CaliforniaDevelopmentIndustrialWestern

Alere Property Starts Construction of 211,000 SF Industrial Warehouse in Western Inland Empire

by Amy Works

ONTARIO, CALIF. — Alere Property Group is developing a speculative industrial facility located on 9.3 acres at 1656 S. Cucamonga Ave. in Ontario. With construction underway, the 211,000-square-foot property will feature 40-foot clear heights; a 5,000-square-foot, two-story office space; 23 dock-high doors; two ground-level doors; and a 185-foot truck court with extra trailer parking. Completion is slated for third-quarter 2021. Additionally, Alere Property acquired two industrial properties: 1062 McGaw Avenue in Irvine and 14422 Astronautics Drive in Huntington Beach. Terms of the transactions were not released. The company will redevelop the 5.2-acre site in Irvine, which Ricoh USA occupies, into a 120,000-square-foot industrial facility with 36-foot clear heights, 13 dock-high doors and two ground-level doors. Completion is slated for 2023. The 47,000-square-foot Huntington Beach property, which Terrible Herbst Motorsports occupies, features 26-foot clear heights, a secured fenced yard and three ground-level doors.

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1700-Pavilion-Las-Vegas-NV
DevelopmentMultifamilyNevadaOfficeWestern

Howard Hughes Developing Two New Projects in Las Vegas’ Summerlin Community

by Amy Works

LAS VEGAS — The Howard Hughes Corp. has broken ground on two new projects at Summerlin in Las Vegas: 1700 Pavilion and Tanager Echo. Located directly south of the Las Vegas Ballpark, the 10-story 1700 Pavilion will feature 267,000 square feet of office space on three acres. The property will offer touchless entry from the garage to tenant suits and enhanced filtration throughout the building. Completion is slated for third-quarter 2022. The project team for 1700 Pavilion includes Hart Howerton, KGA Architects, Whiting Turner and CBRE as broker of record. Tanager Echo will bring 295 additional residential units to downtown Summerlin as the second phase of the Tanager multifamily project. The planned five- to six-story building will wrap around a 455-space parking garage allowing tenants direct parking access to their floor of residence. The unit mix will include studio, junior one-bedroom apartments and single- and two-bedroom apartments. Community amenities will include a clubhouse with concierge service, co-working area and lounge space, private dining room, a two-story entertainment space with bar, pool table, gaming area, fireplace and oversized seating for large gatherings and an outdoor pool area and spa with private cabanas, lounge seating, a firepit and barbecue areas. Additionally, the …

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Vista Brooklyn
DevelopmentFloridaMultifamilySoutheast

Bristol Development, Hallmark Partners Open 308-Unit Vista Brooklyn Apartments in Jacksonville

by Julia Sanders

JACKSONVILLE, FLA. — Bristol Development Group and Hallmark Partners have opened Vista Brooklyn, an apartment community situated between Five Points and downtown Jacksonville. Located at 200 Riverside Ave. on the corner of Riverside Avenue and Jackson Street, Vista Brooklyn includes 308 units ranging from studios to three-bedroom apartments. The community offers common and coworking spaces and views of downtown Jacksonville and the St. Johns River. Community amenities include a rooftop pool, beer garden and gathering space, a yoga and meditation suite, onsite dog park and grooming, a bike shop and storage area and a high-tech fitness center. The community also features over 13,000 square feet of new retail space on the ground floor lining Riverside Avenue. The property has opportunities for a restaurant concept, coffee shop or other retail uses. Due to the COVID-19 pandemic, there were many health enhancements to the property, such as touchless faucets in the kitchen, antimicrobial quartz countertops throughout each unit and Bluetooth-enabled locks. Brasfield Gorrie served as the general contractor for Vista Brooklyn, ETM was the civil engineer and JDavis Architects as the architect. The property is currently open for leasing, and NAI Hallmark is the leasing agent of record for the development’s commercial …

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DevelopmentMultifamilyTexas

SWBC to Develop 540-Unit Multifamily Project in Metro Dallas

by Taylor Williams

CELINA, TEXAS — Texas-based developer SWBC has acquired 24 acres at the intersection of Legacy Drive and Frontier Parkway in the northern Dallas suburb of Celina for the development of a 540-unit multifamily project. The first phase of the Class A property will consist of a 270-unit complex that will be designed by Cross Architects and branded The Royalton at Creeks of Legacy. Units will feature one-, two- and three-bedroom floor plans with an average size of 900 square feet. Amenities will include a pool, fitness center, dog park and outdoor grilling and picnic areas. Construction is set to begin in the first quarter of 2022 and to last about 24 months.

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DevelopmentIndustrialNew JerseyNortheast

Denholtz Properties Breaks Ground on 24,000 SF Industrial Project in Tinton Falls, New Jersey

by Taylor Williams

TINTON FALLS, N.J. — Locally based developer Denholtz Properties has broken ground on a 24,000-square-foot industrial project in Tinton Falls, located in Monmouth County. The property, which is part of a two-building, seven-acre development, will offer seven leasable spaces ranging in size from 2,400 to 4,440 square feet. Completion is slated for the end of the year. Denholtz recently completed construction of the other 26,400-square-foot building that is now 82 percent leased.

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DevelopmentMidwestMultifamilySeniors HousingWisconsin

Kraus-Anderson Begins Construction of $20M Senior Living Facility in Sparta, Wisconsin

by Kristin Harlow

SPARTA, WIS. — Kraus-Anderson has begun construction of Rolling Hills, a $20 million senior living and rehabilitation center located at 14400 County Highway B in the western Wisconsin community of Sparta. Designed by Community Living Solutions LLC, the 80,000-square-foot property will feature 50 skilled nursing beds, 24 CBRF assisted living units and 24 RCAC assisted living apartments. CBRF refers to community-based residential facility, which is a place where five or more unrelated people live together in a community setting and receive up to three hours of care per week. RCAC refers to residential care apartment complex, whereby residents have independent apartments with their own entrances, kitchens and bathrooms. Nursing, medical visits, therapy and short-term rehab services will be available onsite. Residents will have access to a beauty and barber shop, bistro, outdoor spaces and a variety of activities directed by Therapeutic Recreation Specialists. Completion of the project is slated for summer 2022.

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Affordable HousingDevelopmentIndianaMidwestMultifamily

HVAF of Indiana, Woda Cooper Break Ground on 61-Unit Affordable Housing Community in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Co-developers HVAF of Indiana and Woda Cooper Cos. Inc. have broken ground on Proctor Place, a 61-unit affordable housing community in Indianapolis. The $12.6 million, three-story project is located at 240 N. Warman Ave. on the Central Greens campus just west of downtown. Units will be designated for renters who earn 30 to 80 percent of area median income. Monthly rents will range from $461 to $1,035, depending on the size of unit and income restrictions. Amenities will include a community room, indoor bicycle storage, playground, gazebo, free computers and free Wi-Fi. The city provided a payment in lieu of taxes (PILOT) to support the development, and the Indianapolis Housing Agency provided project-based vouchers for the 15 units set aside for veterans. The Indiana Housing & Community Development Authority allocated low-income housing tax credits for the project. HVAF of Indiana, formally known as Helping Veterans and Families, will coordinate supportive services onsite. The organization assists veterans in returning to self-sufficiency and avoiding homelessness. Fallbrook Opportunity Zone Fund II provided equity financing, while Cedar Rapids Bank & Trust provided a first mortgage. Fifth Third Bank served as construction lender and equity investor. The project team includes Indianapolis-based architect Cripe, …

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DevelopmentIllinoisIndustrialMidwest

Meridian Design Build Completes Industrial Build-to-Suit for XTRA Lease in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Meridian Design Build has completed an industrial build-to-suit for XTRA Lease on a 15-acre site within Ketone Business Center in Joliet. Located at 3000 Channahon Road near I-80 and I-55, the facility will serve freight haulers in central and northeastern Illinois. The project includes two service bays and 4,191 square feet of office space. Verve Design Studio provided architectural and structural design services. Jacob & Hefner Associates was responsible for the civil engineering design.

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Main Street Place
DevelopmentMixed-UseTop StoriesWashington

Hines, Benenson Capital Partners, USAA Plan 1.2 MSF Mixed-Use Development in Metro Seattle

by Julia Sanders

BELLEVUE, WASH. — Hines, Benenson Capital Partners and USAA Real Estate have unveiled plans for Main Street Place, a 6.8-acre, mixed-use development in downtown Bellevue. Development costs were not disclosed. Main Street Place will feature approximately 1.2 million square feet of newly built high-rise office space on the north side of the site, along with about 400 units of low-rise apartments on the south side of the development. Additionally, there will be about 90,000 square feet of ground-floor retail and amenity spaces, along with public open space and pedestrian-friendly areas. The development will be situated near a planned light rail station, which is slated to open in 2023. This rail station will connect the Main Street Place site to downtown Seattle, Seattle-Tacoma International Airport and Microsoft’s headquarters in Redmond. The mixed-use project is being developed on a long-term ground lease with Benenson Capital Partners. The Benenson family has owned the site for decades, originally acquiring the Albertson’s grocery store at the site, and then developing the retail center that currently exists on the property. “We are excited to bring the shared vision of Hines and Benenson Capital to Main Street Place. We believe this development, with its proximity to the …

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