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Development

Jefferson-on-the-Grove-Frisco
DevelopmentLoansMultifamilyTexas

JPI Receives Construction Financing for 424-Unit Jefferson at The Grove Apartments in Frisco

by Taylor Williams

FRISCO, TEXAS — JPI has received construction financing for Jefferson at The Grove, a 424-unit apartment community in Frisco. Jefferson at The Grove is part of a larger residential and commercial master plan in Frisco that will consist of more than 17 acres of open space, five planned parks and more than four miles of trails. Units will feature 10-foot ceilings, glass-enclosed showers and large bathtubs, walk-in closets, private yards and balconies, granite countertops, hardwood-style flooring, designer cabinetry, stainless steel appliances and full-sized washers and dryers in all units. Amenities will include a pool with cabanas, fitness center with a spin studio, private courtyards and a dog park. The opening is scheduled for spring 2022.

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DevelopmentMidwestMinnesotaMultifamily

Opus Completes 218-Unit Apartment Building in Minneapolis

by Kristin Harlow

MINNEAPOLIS — The Opus Group has completed construction of Vesi, a 218-unit apartment building in the North Loop neighborhood of Minneapolis. The six-story property features a mix of studio, one-bedroom, two-bedroom and penthouse units. Amenities include a rooftop terrace, pool and spa, fitness room, library, dog wash and golf simulator. Opus served as developer, design-builder, architect and engineer. ESG Architects was the design architect and interior designer. Vesi is the fifth residential project for Opus in downtown Minneapolis since 2014. Monthly rents start at $1,610. Residents can now receive $500 off their first month of rent.

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DevelopmentIndustrialMidwestNebraska

Amazon Unveils Plans for First Fulfillment Center in Nebraska

by Kristin Harlow

PAPILLION, NEB. — Amazon.com Inc. has unveiled plans to open its first fulfillment center in the state of Nebraska in Papillion. Development is scheduled to begin next year on the 700,000-square-foot project, which is expected to create 1,000 full-time jobs. Employees will work alongside Amazon robotics to pick, pack and ship small items such as books, electronics and toys. When fully operational, the facility will add nearly $204 million to the local economy annually, according to David Brown, president and CEO of the Greater Omaha Chamber. Since 2019, Amazon has invested more than $96 million in Nebraska.

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Oakmont-East-Sacramento-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Oakmont Senior Living Opens 142-Unit Seniors Housing Community in East Sacramento

by Amy Works

SACRAMENTO, CALIF. — Oakmont Senior Living has opened an independent living, assisted living and memory care community in the East Sacramento neighborhood of the state capital. Located in the Fabulous Forties area, Oakmont of East Sacramento totals 140,000 square feet, plus a 36,000-square-foot parking garage, on a 3.5-acre plot. The community features 100 independent living/assisted living units and 42 memory care units. Terry Ervin is the executive director and Deanna Barker is director of memory care.

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DevelopmentIndustrialMarylandSoutheast

McCormick to Open 1.8 MSF Distribution Center in Metro Baltimore

by Alex Tostado

SPARROWS POINT, MD. — McCormick & Co. Inc. will open a 1.8 million-square-foot distribution center in Sparrows Point. The facility will be the largest in the food manufacturer and distributor’s portfolio. The Baltimore-based company plans to consolidate several jobs and distribution warehouses to the new location upon completion, which is slated for the second half of 2022. The new facility will be situated within Trade Point Atlantic Industrial Park, 12 miles south of the Port of Baltimore. Other tenants within the industrial park include Under Armour, Amazon and Perdue Foods. McCormick will host a groundbreaking ceremony at the site Thursday, Nov. 12. The developer and design team were not disclosed.

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Fort-Worth-Logistics-Hub
DevelopmentIndustrialTexas

VanTrust Breaks Ground on Phase I of 1.3 MSF Spec Industrial Development in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based firm VanTrust Real Estate LLC has broken ground on Phase I of the 1.3 million-square-foot Fort Worth Logistics Hub, a project that will add 670,941 square feet of Class A industrial space to the local supply. Designed by Alliance Architects, Fort Worth Logistics Hub spans 75 acres on the city’s south side near Interstates 20 and 35. Phase I of the project is expected to be complete in July 2021, with construction of the 606,480-square-foot Phase II beginning shortly thereafter. Arlington, Texas-based Bob Moore Construction is the general contractor for the project, and Pacheco Koch is the civil engineer. CBRE is handling leasing.

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Hacienda-at-Georgetown
DevelopmentMultifamilySeniors HousingTexas

MedCore Partners, TNRG Begin Work on $115M Seniors Housing Project in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — MedCore Partners and The National Realty Group (TNRG) have begun construction of The Hacienda at Georgetown, a 230-unit seniors housing community in metro Austin. The community sits on a 13.2-acre tract at the south entrance to Sun City Texas, a master-planned active adult community. The resort-style senior living campus will offer 125 independent living residences, 81 assisted living apartments and 24 memory care units. Watermark Retirement Communities will manage the property, which is slated to open in late 2022. BOK Financial is providing construction financing, while ACRON USA is providing equity for the project. REES Architects provided the architectural and engineering services.

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Benchmark-Northwest-Distribution-Center-Houston
DevelopmentIndustrialTexas

Stream Realty Completes 157,887 SF Spec Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has completed Benchmark Northwest Distribution Center, a 157,887-square-foot speculative industrial project located at 5215 Campbell Road in northwest Houston. The side-load building features 32-foot clear heights, 33 dock-high doors, an ESFR sprinkler system, 33 trailer parking spaces and 125 automobile parking spaces (expandable to 202). Ware Malcomb served as the project architect, and Rosenberg Construction served as the general contractor.

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Independence-Way-at-the-Green-Florham-Park
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

Partnership Completes 62-Unit Affordable Housing Community in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — A partnership between developer Rockefeller Group, Bergen County’s United Way and Madeline Corp. has completed Independence Way at The Green, a 62-unit affordable housing community in the northern New Jersey city of Florham Park. The property consists of eight buildings on an eight-acre site within Rockefeller’s 268-acre Green at Florham Park mixed-use development and will serve 102 residents with developmental disabilities. Z+ Architects LLC designed the project, and Sharp Management served as the general contractor.

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Rise-on-Madison-Seattle-WA
DevelopmentMultifamilySeniors HousingWashingtonWestern

Plymouth, Bellwether Break Ground on $150.7M The Rise on Madison Affordable Multifamily Project in Seattle

by Amy Works

SEATTLE — A joint venture between Plymouth Housing and Bellwether Housing has broken ground for the development of The Rise on Madison, a 17-story affordable apartment community in Seattle’s First Hill neighborhood. Plymouth will operate 115 studio units, with on-site supportive services, for formerly homeless seniors on floors one through six. Bellwether will operate 253 affordable, studio, one-, two- and three-bedroom apartments on floors seven through 16. Located at 1400 Madison St., The Rise on Madison will feature a large community room, roof deck and ground-floor retail space, as well as close proximity to light rail, street cars and buses. The $150.7 million property is slated to open in spring 2022.

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