Development

Contegra Construction Completes 17,000 SF Medical Facility Near St. Louis

by Kristin Harlow November 6, 2020

EDWARDSVILLE, ILL. — Contegra Construction Co. has completed a 17,000-square-foot medical office building in Edwardsville near St. Louis. Romano Co. was the developer. HSHS Medical Group has leased 13,500 square feet of the single-story facility. The space for HSHS includes 21 exam rooms, three treatment rooms, radiology services, an outpatient physical therapy gym, a conference room, staff break room, doctor’s offices and nurse workstations. An additional 3,500 square feet remains available for lease.

November 6, 2020

Development Hospitality Texas

Satya Breaks Ground on Dual Hyatt-Branded Hotel Totaling 298 Rooms in Houston

by Taylor Williams November 5, 2020

HOUSTON — Locally based development and consulting firm Satya has broken ground on a dual Hyatt-branded hotel at 7329 Fannin St. in Houston. The site is located in a Qualified Opportunity Zone within the Texas Medical Center and will house a 159-room Hyatt Place hotel and a 139-room Hyatt House hotel within a 14-story building. Shared amenities will include multiple dining venues, two bars, a lobby workstation, pool and a fitness center. The project team include Dallas-based architecture firm G2 and general contractor E.E. Reed & Associates. IBC Bank provided financing for construction, which is expected to be complete in 2022.

November 5, 2020

Development Mixed-Use Multifamily Southeast Virginia

Lowe, USAA Break Ground on Multifamily Redevelopment Project in Northern Virginia

by John Nelson November 5, 2020

ALEXANDRIA, VA. — Lowe and USAA Real Estate have broken ground on Park + Ford, an adaptive reuse project of two former office buildings within the Park Center complex in Alexandria. The two 14-story properties will feature 435 apartments upon completion. Also on the campus is an office building at 4300 King St. that includes a 55,000-square-foot X-Sport Fitness club. Apartments will include studio, one- and two-bedroom floor plans fitted with contemporary fixtures and appliances with a nod to Alexandria’s industrial history. Park + Ford will feature indoor and outdoor common areas for coworking, small gatherings or individual use. The apartment conversion is anticipated to be complete in 2021. The project team includes Bonstra | Haresign Architects and Whiting-Turner Contracting Co. Lowe will continue to manage the office building at 4300 King St. through its property management affiliate, Hospitality at Work. Lowe and USAA acquired the office campus in 2018 and financed the acquisition and conversion with a $128 million loan from Newport Beach, Calif.-based PIMCO.

November 5, 2020

Development Healthcare Life Sciences Massachusetts Northeast Office

King Street Breaks Ground on $170M Life Sciences Project in Boston

by Taylor Williams November 5, 2020

BOSTON — Locally based developer King Street Properties has broken ground on 101 Cambridgepark, a $170 million life sciences project located in the Cambridge area of Boston. King Street is partnering with California-based Healthpeak Properties on the 160,000-square-foot project, which will feature both traditional office and laboratory space within a five-story building. The property will also include 3,000 square feet of street-level retail space with outdoor seating. Completion is slated for the third quarter of 2022. Newmark is leasing the project.

November 5, 2020

Development Multifamily New Jersey Northeast

PCD Development Begins Leasing 303-Unit Apartment Community in Bogota, New Jersey

by Taylor Williams November 5, 2020

BOGOTA, N.J. — New Jersey-based PCD Development has begun leasing The Atwater, a 303-unit luxury apartment community located in the Northern New Jersey city of Bogota. The property features studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, smart locks, individual washers and dryers and private balconies/patios. Amenities include a pool, outdoor grilling areas, an outdoor theater, game room, resident lounge, fitness center, arcade room, business center, coffee bar, Amazon package lockers and a dog park. Rents start at $2,020 per month for a one-bedroom unit.

November 5, 2020

Development Midwest Missouri Multifamily

Brinkmann Constructors Breaks Ground on $90M Luxury Apartment Project in St. Louis

by Kristin Harlow November 5, 2020

ST. LOUIS — Brinkmann Constructors has broken ground on Expo at Forest Park, a $90 million luxury apartment project in the Skinker-DeValiviere neighborhood of St. Louis. The development will include 287 market-rate apartment units and 30,000 square feet of retail space within walking distance of the Forest Park-DeBaliviere Transit Center. It will also include garage parking for Metro Transit commuters and access to the St. Louis region’s MetroBus network and MetroLink light-rail system. The developer, Tegethoff Development, plans to update existing transit infrastructure, including security and amenities. Expo at Forest Park will consist of two separate multifamily buildings. Completion is slated for late spring 2022.

November 5, 2020

Development Industrial Midwest North Dakota

Amazon Unveils Plans for First Fulfillment Center in North Dakota

by Kristin Harlow November 5, 2020

FARGO, N.D. — Amazon.com Inc. has unveiled plans to open its first fulfillment center in the state of North Dakota in Fargo. Amazon expects to break ground next year and create 500 full-time jobs upon completion of the 1 million-square-foot facility. Employees will pack and ship large customer purchases such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and other household goods. Ryan Cos. will develop the facility. Since 2010, Amazon has invested more than $239 million in North Dakota, including infrastructure and compensation to employees in the state.

November 5, 2020

California Development Industrial Western

Duke Realty Breaks Ground on 1.2 MSF Distribution Facility in Southern California

by Amy Works November 5, 2020

PERRIS, CALIF. — Duke Realty has broken ground on a 1.2 million-square-foot speculative industrial development in Perris. Delivery is slated for summer 2021. Located on 55 acres at 728 W. Rider St., the building will feature 40-foot clear heights, 241 dock doors, 344 trailer stalls, 442 automobile parking spaces and four grade-level loading doors. Additionally, Duke Realty is constructing the property to achieve LEED Silver standards.

November 5, 2020

Arizona Development Industrial Western

ViaWest Delivers 140,372 SF Spec Industrial Space to Chandler Airport Submarket

by Amy Works November 5, 2020

CHANDLER, ARIZ. — ViaWest Group has completed the development of two speculative industrial buildings located at the southwest corner of Willis Road and Hamilton in Chandler’s Airport submarket. Totaling 140,372 square feet, the two buildings feature 65,892 square feet and 74,480 square feet — divisible to 13,000 square feet to 35,000 square feet. The buildings feature 28-foot clear heights, ESFR sprinklers, a mix of dock-high and grade doors and a 180-foot shared concrete gated truck court. Each building has speculative suites complete and are nearly move-in ready. The two buildings complete Phase II of the AZ 202 Commerce Park. The first phase included a build-to-suit for PODS Moving and Storage. Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield are handling marketing and leasing efforts for the property.

November 5, 2020

California Development Industrial Office Restaurant Retail Western

Wonderful Real Estate Begins Construction of Amenity, Training Center at Industrial Park in Shafter, California

by Amy Works November 5, 2020

SHAFTER, CALIF. — Wonderful Real Estate Development has started construction of a new corporate office building, conference center, wellness center, amenity center and vocational school at Wonderful Industrial Park (WIP) in Shafter. Spanning 98,000 square feet, the logistics park is slated for completion in first-quarter 2022. The development will include a 61,000-square-foot corporate office component, a 37,200-square-foot vocational training center and an 8,500-square-foot restaurant café space. The corporate office space will be home to more than 200 Central Valley employees, including those working for Wonderful Citrus, Wonderful Pistachios and Almonds, Suterra, Pom Wonderful and Wonderful Real Estate Development. Additionally, the office space will provide large meeting rooms that will be available to companies within WIP and the community at-large. The development’s Wonderful Wellness Center will include a gym, exercise classes, healthy awareness programs and access to a mobile clinic. In addition to Wonderful Company’s developments, Walmart Inc. is nearing the completion of a 630,000-square-foot distribution facility at WIP. The highly automated property is optimized for handling, packaging and shipping food. The facility is located on 65 acres that Walmart acquired from WIP in 2018. The facility is slated to be fully operational by spring 2021.

November 5, 2020

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