Development

IMPACT Strategies Builds $40M Luxury Apartment Development in Suburban St. Louis

by Kristin Harlow October 29, 2020

RICHMOND HEIGHTS, MO. — IMPACT Strategies has completed construction of Altair at the Heights, a $40 million luxury apartment development in Richmond Heights, a suburb of St. Louis. ILI Communities was the developer, Fugleberg Koch served as architect and Civil Design Inc. was the engineer. The 187-unit, four-story project now fills the site of the former AB Green Middle School. The development includes 3,300 square feet of retail space. Among the amenities are a clubhouse, pool, courtyard, fitness center and pet washing station. Monthly rents start at $1,235 for one-bedroom units. Residents can now receive two months of free rent by signing a 14-month lease.

October 29, 2020

Development Industrial North Carolina Southeast

Publix to Expand North Carolina Distribution Center by 1.2 MSF to Include Dry Storage Warehouse

by Alex Tostado October 28, 2020

GREENSBORO, N.C. — Publix Super Markets Inc. will expand its Greensboro distribution center by 1.2 million square feet, adding a dry grocery warehouse. The Lakeland, Fla.-based grocer broke ground on Phase I of the facility, which will offer refrigerated warehouse space, in February. Both phases are expected to be complete by the end of 2022. The warehouses will support Publix’s growth in North Carolina and Virginia. Gray is the engineer, general contractor and designer for the facility. This will be Publix’s 10th distribution center, joining facilities in Boynton Beach, Deerfield Beach, Jacksonville, Miami, Lakeland, Sarasota and Orlando, Fla.; Lawrenceville, Ga.; and McCalla, Ala.

October 28, 2020

Development Multifamily Texas

Mill Creek Breaks Ground on 360-Unit Modera Frisco Square Apartments

by Taylor Williams October 28, 2020

FRISCO, TEXAS — Mill Creek Residential has broken ground on Modera Frisco Square, a multifamily project in Frisco that will add 360 Class A units to the local supply. The wrap-style community will offer one-, two- and three-bedroom units that are furnished with granite or quartz countertops, tile backsplashes, individual washers and dryers and private patios or balconies. Amenities will include a pool, grilling and picnic areas, fitness center, coffee bar, conference room and a golf simulator. The first move-ins are expected to begin in spring 2022.

October 28, 2020

Development Multifamily Texas

KWA Tops Out 358-Unit Phase II of Arlington Commons Apartment Project

by Taylor Williams October 28, 2020

ARLINGTON, TEXAS — Locally based general contractor KWA Construction has topped out The Truman, a 358-unit multifamily project that represents Phase II of the $250 million Arlington Commons project. Designed by JHP Architecture, The Truman will feature studio, one-, two- and three-bedroom units ranging in size from 598 to 1,715 square feet. Amenities will include a pool, outdoor grilling stations, fire pit, game area, fitness center, coworking spaces, e-gaming room and a dog park. Completion of Phase II is scheduled for August 2021. Nehemiah Co. is developing Arlington Commons, which will ultimately consist of 1,300 units that will be delivered over five phases.

October 28, 2020

Development Multifamily Texas

Herman & Kittle Opens $38.5M Vireo Affordable Apartments in Houston

by Taylor Williams October 28, 2020

HOUSTON — Indianapolis-based developer Herman & Kittle Properties Inc. has opened The Vireo, a $38.5 million affordable housing property located at 1212 Tidwell Road in northeast Houston. The community features 264 units consisting of 60 one-bedroom residences, 132 two-bedroom apartments and 72 three-bedroom units that are reserved for renters earning 60 percent or less of the area median income. Each residence is furnished with washer and dryer hookups and private balconies/patios. Communal amenities include outdoor grilling stations, a business center, fitness center, children’s play area and a dog park. Storage units and garages are also available for rent.

October 28, 2020

Development Michigan Midwest Retail

Meijer to Open 42,000 SF Rivertown Market in Detroit’s East Jefferson Corridor

by Kristin Harlow October 28, 2020

DETROIT — Meijer, the City of Detroit and RDG Rivertown Market LLC have unveiled plans for a new ground-up grocery development located at 1475 E. Jefferson Ave. within the city’s East Jefferson Corridor. Meijer will operate the 42,000-square-foot store, dubbed Rivertown Market. The project marks the fourth small-format store for Meijer. Other locations are in Grand Rapids, Royal Oak and Lansing. Rivertown Market will offer fresh food and artisan groceries as well as Meijer- and national-branded products. The Detroit location will create approximately 60 jobs. Rockford Construction is the general contractor. Gun Lake Investments and Mercantile Bank are financing the project, which is expected to take 14 months to build.

October 28, 2020

Development Industrial Midwest Missouri

Opus Breaks Ground on 182,000 SF Spec Industrial Development in Liberty, Missouri

by Kristin Harlow October 28, 2020

LIBERTY, MO. — The Opus Group has broken ground on Heartland Meadows Commerce Center, a 182,000-square-foot industrial development in Liberty, a suburb of Kansas City. It is the first speculative, new-construction project within the larger Heartland Meadows Industrial Park in the past decade, according to Opus. The building will be able to accommodate up to eight tenants and feature 220 car parking stalls, up to 43 dock positions, two drive-in doors, trailer parking and a clear height of 32 feet. Completion is slated for August 2021. Opus is serving as developer, design-builder, architect and engineer. Patrick McGannon and Matthew Severns of Kessinger-Hunter are handling leasing.

October 28, 2020

Development Multifamily New Jersey Northeast

KRE Group, Russo Receive $71M Construction Loan for Multifamily Project in Rockaway, New Jersey

by Taylor Williams October 28, 2020

ROCKAWAY, N.J. — A partnership between two New Jersey-based developers, Kushner Real Estate Group (KRE) and Russo Development, has received a $71 million construction loan for a 345-unit apartment project in Rockaway, about 35 miles west of New York City. The property, which will be branded Rock Pointe, will offer a mix of one-, two- and three-bedroom units. Amenities will include a pool, tennis courts, an outdoor terrace with TVs and grilling stations, a game room, conference room and a dog run. City National Bank provided the construction financing in partnership with Provident Bank. The development team expects to begin leasing the property next fall.

October 28, 2020

85-New-Brunswick-Ave.-Woodbridge-New-Jersey

Development Industrial New Jersey Northeast

Woodmont Begins Vertical Construction of 101,425 SF Distribution Center in Woodbridge, New Jersey

by Taylor Williams October 28, 2020

WOODBRIDGE, N.J. — Locally based developer Woodmont Industrial Partners has begun vertical construction of a 101,425-square-foot distribution center at 85 New Brunswick Ave. in the Northern New Jersey city of Woodbridge. The property will offer proximity to State Routes 440 and 9, as well as the New Jersey Turnpike and Garden State Parkway. Building features will include 36-foot clear heights and 12 dock doors with the option to expand to 24. Woodmont acquired the site in July and expects to complete the project in the second quarter of next year. CBRE is handling leasing of the property.

October 28, 2020

Development New York Northeast Office

Fisher Brothers Completes $20M Renovation of 299 Park Avenue in Manhattan

by Taylor Williams October 28, 2020

NEW YORK CITY — Fisher Bros. has completed the $20 million renovation of 299 Park Avenue in Manhattan. The company partnered with Rockwell Group for the design of the project, which included upgrades to the lobby, elevators and exterior façade, as well as the addition of a digital art display. Fisher Bros. owns the 1.2 million-square-foot building and houses its office headquarters within the property.

October 28, 2020

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