Monday, June 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Development

Television-City
CaliforniaDevelopmentMixed-UseOfficeRetailTop StoriesWestern

Report: Los Angeles City Council Approves $1B Redevelopment of Television City Studios 

by Katie Sloan

LOS ANGELES — The Los Angeles City Council approved plans for the $1 billion redevelopment of Television City studios at 7800 Beverly Blvd. on Tuesday, according to reports by the Los Angeles Times.  The landmark property was designed by architect William Pereira and developed in 1952. The studios have since been home to TV programs including “The Carol Burnett Show,” “The Ed Sullivan Show,” “Wheel of Fortune,” “Good Times” and “All in the Family.”  The redevelopment project is headed by Hackman Capital Partners, which acquired the property from CBS in 2018 for $750 million. Multiple plans for the site have been submitted over the course of the past two years due to pushback from the local community, according to the LA Times. Owners of nearby establishments including A.F. Gilmore Co. of the Original Farmers Market and Grove LLC — which owns The Grove shopping center developed by Rick Caruso — have sided with neighborhood groups against the project claiming it was too big and would make local traffic significantly worse, according to the newspaper.  In response to these requests, Hackman worked with the city council to produce the recently approved plans for the project, which include the removal of 15-story, 150,000-square-foot office tower …

Continue Reading
FacebookTwitterLinkedinEmail
Faropoint-Greenwich-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Faropoint to Develop 73,800 SF Industrial Project in Greenwich, New Jersey

by Taylor Williams

GREENWICH, N.J. ­— New Jersey-based Faropoint will develop a 73,800-square-foot industrial project in Greenwich, located on the Delaware Bay in Southern New Jersey. The site spans 9.2 acres along Swedesboro Road, and the facility will feature a clear height of 32 feet, two drive-in doors and an ESFR sprinkler system. Wendy Banscher of Fox & Roach represented the undisclosed sellers in the land deal, while Faropoint was self-represented. A construction timeline was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentDistrict of ColumbiaLeasing ActivityOfficeSoutheast

BXP Purchases 12-Story Office Building in DC, Plans Major Redevelopment

by John Nelson

WASHINGTON, D.C. — BXP, a publicly traded office REIT that was previously known as Boston Properties Inc., has closed on its purchase of 725 12th Street, a 12-story office building in Washington, D.C.’s East End. The Boston-based firm acquired the 300,000-square-foot property for $34 million. The seller was not disclosed. BXP plans to demolish the office building and redevelop the site to make way for a new 320,000-square-foot, Class A office property. The REIT recently signed law firm McDermott Will & Emery to occupy approximately 150,000 square feet across the top five levels of the new office development. Lou Christopher, Jordan Brainard, Rob Copito and Clay Hammerstein of CBRE represented McDermott Will & Emery in the lease negotiations. Evan Behr of JLL represented the landlord. BXP expects to deliver the new office building in late 2028.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

REDCOM Breaks Ground on 42-Unit Affordable Housing Project in Scotch Plains, New Jersey

by Taylor Williams

SCOTCH PLAINS, N.J. — Locally based REDCOM Design & Construction has broken ground on Front Street Housing, a 42-unit affordable housing project in Scotch Plains, about 20 miles west of New York City. K&M Facility Management is developing the three-story building. Information on specific income restrictions, floor plans and amenities was not disclosed. Completion is slated for summer 2026.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialLoansMichiganMidwest

Department of Commerce to Provide $325M in CHIPS Funding for Hemlock Semiconductor Facility in Michigan

by Kristin Harlow

HEMLOCK, MICH. — The U.S. Department of Commerce has awarded Hemlock Semiconductor (HSC) up to $325 million in direct funding under the CHIPS Incentive Program’s Funding Opportunity for Commercial Fabrication Facilities. The funding will support the construction of a new manufacturing facility in Hemlock, about 65 miles north of Lansing. The project is expected to create approximately 180 manufacturing jobs and over 1,000 construction jobs. HSC is the only U.S.-owned manufacturer of hyper-pure polysilicon.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityMidwestMultifamilyOhio

Kassouf Development to Build Dual-Branded W Residences, W Hotels Project in Downtown Cleveland

by Kristin Harlow

CLEVELAND — Kassouf Development has closed on financing for the Erieview Tower & Galleria redevelopment in downtown Clevleand. The developer will convert the property into a dual-branded W Residences and W Hotels by Marriott project. Plans call for 227 residences and 210 luxury hotel rooms. Residents will have access to concierge services, housekeeping, a doorman, bellman and butler services in addition to all hospitality and experiential amenities as well as access to the connected retail Galleria. The hotel component will feature a rooftop bar, fine dining restaurant, spa, fitness center, lobby lounge, office spaces and a 15,000-square-foot ballroom. The project marks the first W Hotels offering in Ohio. The development’s price tag is more than $218 million. The dual-branded W Residences and W Hotels concept is offered by Marriott worldwide, and there are eight locations in the United States. The existing Erieview Tower & Galleria is listed on the National Register of Historic Places. Construction will be completed in phases, with residential construction commencing immediately and hotel construction beginning later this year. Completion is slated for late 2026. The Kassouf family purchased Erieview Tower in 2018 and has worked since the acquisition to secure the various capital sources needed to …

Continue Reading
FacebookTwitterLinkedinEmail
Palladium-Lewisville
Affordable HousingDevelopmentLoansMultifamilyTexas

Palladium USA Breaks Ground on $30M Mixed-Income Multifamily Project in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Locally based developer Palladium USA has broken ground on a $30 million mixed-income multifamily project in the northern Dallas suburb of Lewisville. Palladium Lewisville will total 90 units in one-, two- and three-bedroom floor plans, and amenities will include a pool, fitness center, business center, children’s play area and a clubroom with a communal kitchen. The first units are expected to be available for occupancy before the end of the year. PNC Bank provided $10.8 million in long-term debt and $13.3 million in equity as part of the financing of the project.

Continue Reading
FacebookTwitterLinkedinEmail
2510-S-Euclid-Ave-Ontario-CA
CaliforniaDevelopmentMultifamilyWestern

Legacy Partners, DWS Break Ground on 346-Unit Multifamily Community in Ontario, California

by Amy Works

ONTARIO, CALIF. — Legacy Partners and DWS Group have started construction on Legacy Ontario, a 346-unit apartment property in Ontario. Located at 2510 S. Euclid Ave., the community will consist of eight three- and four-story buildings with tucked-under garage parking and covered carports. Additionally, the property will offer 6,000 square feet of ground-floor retail space facing Euclid Avenue. Designed by AO, Legacy Ontario will feature studio, one- and two-bedroom layouts ranging from 706 square feet to 1,293 square feet. The units will offer modern kitchens with stainless steel appliances, tiled backsplashes, large kitchen islands in select units, wood-style flooring and full-size washers/dryers, as well as patios or large decks. Community amenities will include a roof deck, clubhouse, pool/spa, fitness center, sports lounge, multiple barbecue areas and a dog run. The property is also pursuing LEED certification and will provide solar panels with battery storage and 171 electric vehicle charging stations. Completion is slated for April 2027, with Next Phase serving as the general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
Pflugerville-Downtown-East
CivicDevelopmentMixed-UseRetailTexas

Swinerton, Byrne Construction Break Ground on Mixed-Use Project in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — General contractors Swinerton and Byrne Construction Services have broken ground on a mixed-use project in downtown Pflugerville, a northern suburb of Austin. Known as Pflugerville Downtown East, the development will feature a four-story, 104,000-square-foot city hall building that will house various public service departments, as well as a three-story, 140,000-square-foot recreation center that will also have 10,500 square feet of retail space. The project will also include an outdoor civic plaza. Completion is slated for fall 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AlabamaDevelopmentMixed-UseMultifamilyRestaurantRetailSoutheast

WSS Development Delivers $100M Mixed-Use Community in Huntsville, Alabama

by John Nelson

HUNTSVILLE, ALA. — WSS Development has delivered 2020 at Providence, a $100 million mixed-use community in Huntsville. The property features 360 upscale apartments with 12 different floor plans with monthly rental rates ranging from $1,530 to $4,890, according to Apartments.com. Amenities include a rooftop pool and lounge, fitness center, sky room, onsite coworking and conference rooms, resident courtyard and a game room with a golf simulator. Additionally, 2020 at Providence features approximately 23,000 square feet of retail space leased to tenants including Starbucks, Society Salon, Providence Wine Bar, Dolce Amore Italian Restaurant, Whitt’s Frozen Custard, Cajun Roux and Loona’s Breakfast & Lunch Café.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts