Development

Crow Holdings to Develop 1.2 MSF Industrial Project in Millstone, New Jersey

by Taylor Williams July 20, 2021

MILLSTONE, N.J. — Crow Holdings will develop Millstone 8 Logistics Center, a 1.2 million-square-foot industrial project that will be located in Millstone, an eastern suburb of Trenton. The project will consist of a 1 million-square-foot building and a 220,000-square-foot building that will be developed on a 140-acre parcel. The first building will feature a clear height of 40 feet, 274 trailer parking stalls and 172 loading doors, while the second building will offer a clear height of 36 feet, 37 dedicated trailer parking stalls and 50 loading doors. Construction is expected to be complete in the second quarter of 2022. Crow Holdings is developing the property in partnership with The Carlyle Group and 2020 Acquisitions. JLL will handle leasing.

July 20, 2021

Development Massachusetts Multifamily Northeast

Alliance Residential Completes Phase I of The Val Apartments in Billerica, Massachusetts

by Taylor Williams July 20, 2021

BILLERICA, MASS. — Alliance Residential has completed the 110-unit first phase of The Val, a multifamily community in the northwestern Boston suburb of Billerica that will ultimately consist of 211 units. Alliance Residential is developing The Val in partnership with GID Real Estate Investments. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, outdoor grilling stations, coworking space, a library and a social lounge. Locally based architecture firm Cube3 designed the property. Other project partners include Erland (general contractor), Allen & Major Associates (civil engineer) and Greystar (leasing agent and manager). Rents start at $2,410 per month for a one-bedroom unit.

July 20, 2021

Company News Development Healthcare Life Sciences New York Northeast Office Top Stories

Life Sciences Firm Regeneron to Invest $1.8B for Campus Expansion in Tarrytown, New York

by John Nelson July 20, 2021

TARRYTOWN, N.Y. — Regeneron (NASDAQ: REGN), a medicine manufacturer known for its COVID-19 antibody cocktail, plans to invest $1.8 billion over the next six years to support the expansion of its life sciences headquarters in Tarrytown, about 25 miles north of Manhattan. Located in Westchester County on the east bank of the Hudson River, the project will expand Regeneron’s research, preclinical manufacturing and support facilities, while creating an estimated 1,000 new full-time jobs. “The COVID-19 pandemic has highlighted the importance of continued and long-term investment in the biopharmaceutical industry, and Regeneron is proud to pursue life-changing science and technology from our labs and manufacturing facilities in New York State,” says Leonard Schleifer, president and CEO of Regeneron. The project is expected to encompass up to eight research and development buildings, three parking garages and a central utility plant totaling approximately 900,000 square feet. Regeneron has indicated that road infrastructure improvements will be necessary to support the new buildings, which will come on line in two phases. Construction planning will begin this summer and project construction is scheduled for completion in 2027. No members of the project team were disclosed. The life sciences firm chose to expand in Tarrytown following site …

July 20, 2021

Development Georgia Mixed-Use Southeast

NAP, Hoar Complete $400M Redevelopment of Colony Square in Midtown Atlanta

by Julia Sanders July 19, 2021

ATLANTA — North American Properties (NAP) and Hoar Construction have completed the redevelopment of Colony Square, a mixed-use development located at the intersection of 14th and Peachtree streets in the Midtown neighborhood of Atlanta. The project comprised four phases and the total development cost was $400 million. Over the past four years, the developers have completed a 200,000-square-foot renovation of two existing buildings, the ground-up construction of a new building featuring a movie theater and food hall and two new Class A office buildings with street-level retail. General contractor Hoar broke ground on Phase I of the multi-phase project in October 2017. The firm demolished 240,000 square feet of existing enclosed mall space. Hoar topped out on Buildings 200 and 300 in August 2019, and finalized upgrades to Building 400, which received lobby enhancements and exterior retail additions in 2018. In total, Colony Square offers 940,000 square feet of Class A office space and 160,000 square feet of retail, restaurant and entertainment space. NAP, Colony Square’s owner and developer based in Cincinnati, opened Politan Row at Colony Square, the new food hall in Building 200, as well as Building 500, which includes 115,000 square feet of office space fully occupied …

July 19, 2021

Development Retail Texas

Levcor to Redevelop 503,000 SF Post Oak Plaza in Uptown Houston

by Taylor Williams July 19, 2021

HOUSTON — Locally based developer Levcor will redevelop Post Oak Plaza, an 503,000-square-foot shopping and dining destination in Houston’s Uptown neighborhood. Architecture firm BRR is leading the design of the project, which will be carried out in phases throughout 2022. The development team will upgrade storefronts to allow more natural light, introduce communal outdoor gathering spaces, widen pathways that connect buildings and install new landscaping features. Businesses will remain open throughout the redevelopment project. Current tenants at Post Oak Plaza include Bill Walker Clothier, Eye Elegance, FedEx, Home Source, Madison Lily, Pinto Ranch, Post Oak Nail Lounge, Sensia, Toys to Love and UPS. SHOP Cos. has been tapped to lease the property following completion of the project.

July 19, 2021

Development Northeast Office

HYM Investment Group Tops Off 1 MSF One Congress Office Project in Downtown Boston

by Taylor Williams July 19, 2021

BOSTON — The HYM Investment Group, a locally based developer, has topped off One Congress, a 1 million-square-foot office project in downtown Boston. The 600-foot tower is part of the Bulfinch Crossing redevelopment, which is owned by Carr Properties and National Real Estate Advisors LLC. One Congress will house the future headquarters of financial services firm State Street Corp., which has committed to 510,000 square feet as the anchor tenant. Amenities will include a 30,000-square-foot outdoor garden on the 11th floor and more than 30,000 square feet of fitness and wellness-based amenity space, as well as multiple food and beverage offerings. Pelli Clarke Pelli and CBT Architects handled design of the building. Gachot Studio is serving as the interior design firm, and John Moriarty & Associates is the construction manager. Construction began in June 2019 and is expected to be complete in January 2023.

July 19, 2021

Development Massachusetts Multifamily Northeast Seniors Housing

Anthology Senior Living to Develop 105-Unit Community in Millis, Massachusetts

by Taylor Williams July 19, 2021

MILLIS, MASS. — Anthology Senior Living has acquired land in Millis, located southwest of Boston, for the development of a new community. The facility will consist of 105 independent living, assisted living and memory care units that will be situated on a 7.7-acre site. Rick Swartz, Jay Wagner and Sam Dylag of Cushman & Wakefield brokered the land deal between seller Barberry Homes and Anthology Senior Living. Cushman & Wakefield also arranged construction financing on behalf of the buyer from a regional bank.

July 19, 2021

Development Industrial Massachusetts Northeast Office

Kula Bio to Open 7,500 SF Headquarters in Natick, Massachusetts

by Taylor Williams July 19, 2021

NATICK, MASS. — Kula Bio, a provider of fertilizer for the agriculture industry, will open a 7,500-square-foot headquarters facility in the western Boston suburb of Natick. The company has tapped Massachusetts-based Dacon Corp. to lead the retrofit of an existing 14,350-square-foot building, with plans to immediately occupy 7,500 square feet and leave 6,850 square feet for future expansion. Completion of the retrofit is scheduled for October. About 30 people will work in the new facility.

July 19, 2021

Development Illinois Midwest

Valenti Builders Breaks Ground on $25.7M Performing Arts Center at Loyola Academy in Illinois

by Kristin Harlow July 19, 2021

WILMETTE, ILL. — Valenti Builders has broken ground on a new performing arts center at Loyola Academy, a private Jesuit college preparatory school in Wilmette, about 14 miles north of downtown Chicago. Designed by Chicago-based Krueck Sexton Partners, the $25.7 million project will span 29,000 square feet. An outdoor plaza will function as an open-air performance stage as well as a gathering space for the school community. Inside, a lobby and gallery space will lead to the Lemputte Family Theater, a 565-seat theater with a balcony, orchestra pit, fly tower and lighting and production technologies. Adjacent to the theater is an offstage rehearsal and staging area, a scene shop, green room, makeup and dressing rooms and student lounge. The student chapter of Loyola’s American Institute of Architecture played an active role in the planning and design process of the center. The all-electric building will further reduce carbon emissions as the Chicagoland grid continues its transition to all-renewable fuel sources by 2035, according to a news release. High-efficiency building systems will be installed in anticipation of a future rooftop-mounted photovoltaic array that accommodates the building’s entire energy load. Completion is slated for sometime next year. The project team includes landscape architect …

July 19, 2021

Colorado Development Multifamily Western

PMG, Greybrook Realty Acquire Development Site in Denver for $35M, Plan Mixed-Use Project

by Amy Works July 19, 2021

DENVER — PMG and Greybrook Partners have purchased a 2.3-acre development site at 123 Speer Blvd. in Denver. Scripps Media sold the land for $35 million. The joint venture plans to develop Society Denver, a mixed-use project at the site. The 12-story Society Denver will be the first Society Living multifamily property in Colorado. Society Denver will feature 600 apartments developed in two phases, amenities and 14,000 square feet of commercial space. Society Living developments offer traditional units with efficient layouts, rent-by-bedroom/co-living options and oversized amenities, including co-working spaces; modern gyms and fitness studios; communal kitchens; craft food and beverage operations; smart package lockers; app-based keys; and integrated retail space. PMG is also working with the Capitol Hill United Neighborhoods to ensure Society Denver suits the surrounding neighborhood and community needs. Jamie Roupp of Jones Lang LaSalle represented the seller in the land transaction.

July 19, 2021

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