Wednesday, April 22, 2026
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DevelopmentFloridaSoutheastStudent Housing

Harrison Street, Core Spaces to Break Ground on 1,195-Bed Student Housing Development in Tampa

by John Nelson

TAMPA, FLA. — A joint venture between Harrison Street Asset Management and Core Spaces is set to break ground on Hub Tampa Fowler, a 1,195-bed student housing development located near the University of South Florida campus in Tampa. The community will be located within Rithm, a larger mixed-use development led by RD Management that will include hotels, entertainment and retail space. The project is scheduled for completion in 2027 and will offer units in a wide range of configurations across multiple price points, as well as expansive shared amenity spaces. Further details on the development were not released. QuadReal Property Group provided financing for the project. TSB Capital Advisors consulted on the joint venture and financing for the development. The project will mark the second for Harrison Street and Core Spaces in the Tampa market, following Hub Tampa, which was delivered in 2022.

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Eagleview-Landing-Exton
DevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Hankin Group to Undertake $67M Expansion of Metro Philadelphia Seniors Housing Community

by Taylor Williams

EXTON, PA. — Hankin Group will undertake a $67 million expansion project at Eagleview Landing, its senior living community in Exton, roughly 30 miles west of Philadelphia. Upon completion, the expansion will add 117 independent living residences to the property, which currently consists of 107 assisted living and memory care units and 9,000 square feet of amenity space. The new building will also feature additional amenity space, including a fitness center, indoor pool, spa, theater, game rooms and golf simulator. Residents will also have access to a parking garage, landscaped courtyards and walking trails. Completion is scheduled for November 2026.

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Affordable HousingDevelopmentGeorgiaIndustrialMixed-UseMultifamilySoutheast

Atlanta Beltline Issues RFP for Mixed-Use Development on Southside Trail

by John Nelson

ATLANTA — Atlanta Beltline has issued a request for proposals (RFP) for new mixed-use development on a site along the Beltline’s Southside Trail. The 13.7-acre site is located at 356 University Ave. near the city’s historic Pittsburgh neighborhood that the Beltline purchased in 2023. Atlanta Beltline met with more than two dozen community groups since April 2024 to discuss future plans for the site. Based on the community feedback and the Beltline’s newly completed master plan, the RFP is seeking a mix of market-rate and affordable housing, as well as a mix of commercial and industrial uses. More specifically, the RFP calls for at least 30 percent of residential units reserved as permanently affordable (10 percent at or below 80 percent AMI, 20 percent at or below 50 percent AMI); a minimum of 30 percent of total floor area dedicated to light-industrial use; affordable commercial space (at least 20 percent at rents 30 percent below market for more than 10 years); a partnership with an arts, cultural or community organization for onsite programming; and accessible green spaces, ADA pathways and Beltline connectivity. To date, the Beltline has acquired nearly 90 acres preserved for residential and commercial affordability for both residents …

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Build-to-RentDevelopmentGeorgiaMultifamilySingle-Family RentalSoutheast

Parkland Residential Begins Leasing 140-Unit Build-to-Rent Townhome Community in Sugar Hill, Georgia

by John Nelson

SUGAR HILL, GA. — Parkland Residential, the build-to-rent (BTR) division of Parkland Communities, has begun leasing Park Ridge, a 140-unit BTR community located at 100 Park Summit Blvd. in Sugar Hill, a northeast suburb of Atlanta in Gwinnett County. Phase I of the development, which comprises 72 rear-entry, stacked townhomes, is underway. Parkland Residential has delivered a model home at Park Ridge that prospective renters can now tour. Each unit will be configured in one of two floorplans: a three-bedroom, 1,950-square-foot townhome branded The Dogwood and a two-bedroom, 1,600-square-foot townhome branded The Laurel. All units will feature a one-car garage, separate tub and showers in the master bathroom and a master bedroom with a walk-in closet.

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DevelopmentMassachusettsNortheastRetail

Fun City Adventure Park to Open 40,500 SF Entertainment Venue at Walpole Mall in Metro Boston

by Taylor Williams

WALPOLE, MASS. — Fun City Adventure Park will open a 40,500-square-foot entertainment venue south of Boston at Walpole Mall. Construction is underway on the venue, which will feature trampolines, inflatables, interactive games and party zones. Other tenants that have recently or will soon open at Walpole Mall include Burlington, The Milkshake Factory, Chick-fil-A, Duck Donuts and MANI-Q SALON. Regional owner-operator Wilder Cos. bought Walpole Mall in 2023 and has since implemented a range of capital improvements.

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Four-Seasons-Telluride-CO
ColoradoDevelopmentHospitalityLoansWestern

Merrimac Ventures, Fort Partners Break Ground on $1B Four Seasons Resort and Residences Telluride in Colorado

by Amy Works

MOUNTAIN VILLAGE, COLO. — Merrimac Ventures and Fort Partners have broken ground on the $1 billion Four Seasons Resort and Residences Telluride and closed on a construction financing package for the project. Slated for completion in 2028, construction is underway and more than 30 percent of the property’s inventory is already sold. Situated on 4.4 acres in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked with the Town of Mountain Village, Telluride Ski and Golf and TMVOA to secure the land and bring the project to life. The development will feature 26 private residences ranging from two to five bedrooms, 43 hotel residences ranging from one to four bedrooms and 52 hotel guest rooms. Residences will offer floor-to-ceiling windows, terraces and in-home oxygenation systems. Penthouses will offer private terraces and outdoor spa pools. Resort amenities will include ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, an indoor lap pool, an outdoor hot tub, underground parking and a private residents’ club. The project team includes Olson Kundig as architect and Clements …

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ColoradoDevelopmentMultifamilySeniors HousingWestern

Headwaters Begins Preleasing at 172-Unit Active Adult Community in Northglenn, Colorado

by Amy Works

NORTHGLENN, COLO. — Headwaters has begun pre-leasing at Aspendale Northglenn, the owner and developer’s new active adult community in Northglenn. This project marks the second Colorado location for the newly launched Aspendale brand. Headwaters broke ground on the development in April 2024. Scheduled to begin move-ins in early 2026, the community will total 172 apartments across four stories. The property will also feature an 8,800-square-foot clubhouse, which will offer lifestyle programming, wellness spaces and gathering areas. 

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DevelopmentIllinoisMidwest

City Council Approves New Chicago Fire FC Stadium

by Kristin Harlow

CHICAGO — The Chicago City Council has approved the Chicago Fire FC’s new privately funded stadium. The Major League Soccer franchise first unveiled plans for the $650 million development in June. The soccer-specific stadium will be financed by the club’s owner and chairman, Joe Mansueto. The project will anchor The 78, Related Midwest’s 62-acre development along the Chicago River just south of Roosevelt Road. Designed by Gensler, the stadium will seat approximately 22,000 fans. Construction of The 78 is expected to begin by the beginning of 2026, and the stadium is anticipated to open in 2028. “This will be the first major stadium built in Chicago in three decades,” says Dave Baldwin, Chicago Fire FC president of business operations. “Beyond Chicago Fire matches, the stadium will attract global concerts and events, creating thousands of jobs, fueling economic growth and driving new energy into the South Loop.”

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DevelopmentIllinoisIndustrialMidwest

Opus Breaks Ground on 52,174 SF Build-to-Suit Facility for Elgin Recycling in Gilberts, Illinois

by Kristin Harlow

GILBERTS, ILL. — Opus has broken ground on a 52,174-square-foot build-to-suit facility for Elgin Recycling in Gilberts, about 50 miles northwest of Chicago. The project will be part of Turnberry Lakes Business Park, where Elgin Recycling’s headquarters and one its four Chicago-area recycling scrap yards are also located. Elgin Recycling is a family-owned operation that processes ferrous and non-ferrous metals, exotic alloys and electronics. The new Gilberts location will process recycled electronics from public drop-off facilities, breaking them down into components that will then be transported to electronics components recyclers. The Gilberts facility will feature a clear height of 28 feet, six dock doors, two drive-in doors and up to 58 vehicle parking stalls. Opus is the design-builder for the project and is working in partnership with Architects Plus Design Studio PLLC, the architect of record, and Structural Integrity Inc., the structural engineer of record. Completion is slated for January.

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DevelopmentFloridaIndustrialSoutheast

Foundry, Wheelock Street Capital to Develop 474,000 SF Festival Logistics Park in South Florida

by John Nelson

POMPANO BEACH, FLA. — A partnership between Foundry Commercial and Wheelock Street Capital has purchased the former Festival Flea Market site at 2900 W. Sample Road in Pompano Beach. The duo plans to transform the 25-acre property into Festival Logistics Park, a 474,000-square-foot development with three buildings ranging in size from 60,000 to 300,000 square feet. Two of the buildings will front Sample Road, and all buildings will feature 32- to 36-foot clear heights, ESFR sprinkler systems, dock-high loading and ample parking. Foundry and Wheelock Street Capital plan to begin demolition of existing structures on the Festival site in the fourth quarter and deliver the park by the end of 2026. The co-developers have tapped Nick Wigoda and Steve Medwin of Stream Realty Partners to manage leasing at Festival Logistics Park.

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