Development

Arnold, Yarco Near Completion of Passive House Apartment Project in Kansas City

by Kristin Harlow July 15, 2020

KANSAS CITY, MO. — Arnold Development Group and Yarco Development are nearing completion of Second + Delaware, a 276-unit apartment community in Kansas City’s River Market district. The project will be the largest Passive House development in the world, according to the developers. Passive House means that the building uses 80 to 90 percent less energy than conventional buildings with a focus on indoor air quality. The Passive House Institute in Darmstadt, Germany, developed Passive House best practices. Whereas most multifamily buildings have double-glazed windows, Second + Delaware features triple-glazed windows. The extra glass layer, combined with a highly insulated frame, keeps the interior of the window within two degrees of the interior air temperature. In addition, a dedicated outside air system draws fresh air from outside and circulates it into living spaces. A ventilation system ensures air quality. The first residents are set to move into the units in October. Amenities include a saltwater pool, fitness and yoga room, conference room, bike storage and rooftop garden beds. Yarco will serve as property manager. Monthly rents range from $1,300 to $3,500 with water, trash and sewer included. As the name suggests, Second + Delaware is located at the intersection of …

July 15, 2020

Development Florida Industrial Southeast

Bridge Development, PGIM to Develop 312,103 SF Cold Storage Facility Near Miami

by Alex Tostado July 14, 2020

HIALEAH, FLA. — Bridge Development Partners and PGIM Real Estate will develop Bridge Point Cold Logistics Center, a 312,103-square-foot cold storage facility in Hialeah. The joint venture expects to deliver the speculative property in fourth-quarter 2021. The 20.1-acre site is situated at the intersection of NW 162nd Street and NW 102nd Avenue, 18 miles northwest of Miami International Airport. The asset will be able to accommodate multiple tenants and will feature 50-foot clear heights, 39 dock-high doors, 207 parking spaces and 49 trailer parking stalls. The building’s refrigeration system is expected to provide temperatures ranging from minus-10 degrees to -55 degrees. Ware Malcomb is the architect for the building. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield brokered the land transaction.

July 14, 2020

Development Florida Multifamily Seniors Housing Southeast

ZOM, Watermark Acquire Two Development Sites for Planned Seniors Housing Communities in South Florida

by Alex Tostado July 14, 2020

CORAL GABLES AND WEST PALM BEACH, FLA. — ZOM Senior Living and Watermark Retirement Communities have acquired two seniors housing development sites in Coral Gables and West Palm Beach. The Watermark at Merrick Park in Coral Gables will comprise 196 units including independent living, assisted living and memory care, with 50,000 square feet of amenities. The Watermark at West Palm Beach will feature 154 units of independent living, assisted living and memory care with 30,000 square feet of amenities. M&T Bank provided construction financing for the West Palm Beach project, while PNC Bank funded the Coral Gables project. MSA Architects and Lemay-Escobar Design designed both communities. Verdex Construction will build the West Palm Beach property, while Kast Construction will construct the Coral Gables property. Groundbreaking is slated for later this summer on both projects.

July 14, 2020

Development Florida Retail Southeast

Sleiman Enterprises to Renovate Three Historic Retail Buildings in Jacksonville

by Alex Tostado July 14, 2020

JACKSONVILLE, FLA. — Sleiman Enterprises will renovate three historic retail buildings in Jacksonville’s San Marco Square. The buildings were built in 1926 and 1927, and are located at 1974, 1980 and 1972 San Marco Blvd., two miles south of downtown Jacksonville. Marsh & Saxelbye originally developed the property, which locally based Sleiman Enterprises acquired in August 2019. The two-story, 8,200-square-foot building situated at 1974 San Marco Blvd. is currently vacant. A Starbucks Coffee occupies the space at 1980 San Marco, and a Beau Outfitters leases the building at 1972 San Marco. The facelift will focus mostly on exterior renovations, including adding a new roof, painting the property similar to its original color and adding a “winged” feature to Starbucks and Beau Outfitters. Sleiman is working with architect Jaycox Architects & Associates, as well as with the San Marco Preservation Society and residents of San Marco, to ensure the renovations evoke the building’s original integrity. A timeline for completion was not disclosed.

July 14, 2020

Development Office Texas

Westdale, StreetLights Open 310-Unit Hamilton Apartments in Dallas’ Deep Ellum District

by Taylor Williams July 14, 2020

DALLAS — Westdale Real Estate Investment & Management and StreetLights Residential have opened The Hamilton, a 310-unit apartment community in the Deep Ellum neighborhood of Dallas. The 26-story building is located within The Epic mixed-use development and features studio, one-, two- and three-bedroom units that are furnished with custom cabinetry, floor-to-ceiling windows and built-in desks. Amenities include a pool, outdoor entertainment space with fire pits, resident bar, fitness center, media space and 23,000 square feet of attached retail and restaurant space. Rents for studio units start at $1,685 per month, according to apartments.com.

July 14, 2020

Development Multifamily New York Northeast

HAP Investments Nears Completion of 199-Unit Maverick Residential Project in Manhattan

by Taylor Williams July 14, 2020

NEW YORK CITY — Locally based developer HAP Investments is nearing completion of Maverick, , a 199-unit residential tower located at 215 and 225 W. 28th St. in the Chelsea neighborhood of Manhattan. Also known as Hap 8, the development consists of two 20-story towers spanning 312,500 square feet and offering a mix of 87 condominium residences and 112 rental units. The two buildings will share amenities such as a parking garage, pool, sauna, fitness center, children’s playroom and a roof deck with outdoor grilling stations. DXA studio designed the project, which is expected to be officially complete in early 2021.

July 14, 2020

Development Midwest Office Wisconsin

Milliman Slated to Occupy 118,300 SF Office at Golf Parkway Corporate Center Near Milwaukee in Summer 2022

by Kristin Harlow July 14, 2020

BROOKFIELD, WIS. — Milliman Inc., an international actuarial and consulting firm, has unveiled plans to move its Brookfield office to Golf Parkway Corporate Center, which is currently in the pre-development phase. The company will occupy 118,300 square feet within a six-story, 186,000-square-foot building. Milliman’s space will feature flexible floor plates, floor-to-ceiling windows, healthy design and exclusive amenities, according to the developer, Irgens. Construction is scheduled to begin this fall with initial occupancy slated for summer 2022. Golf Parkway Corporate Center will consist of two Class A office buildings totaling 231,000 rentable square feet. Common areas will include a conference room, tenant lounge, outdoor patio, bike storage and fitness center. Kahler Slater is the architect and CG Schmidt is the general contractor. William Bonifas of CBRE represented Milliman in the lease transaction.

July 14, 2020

Arizona Development Office Western

Ryan Cos., University Realty Complete Third Phase of Novus Innovation Corridor in Tempe, Arizona

by Amy Works July 14, 2020

TEMPE, ARIZ. — Ryan Cos. and University Realty LLC have completed 777 Tower at Novus Innovation Corridor, the third phase of the Arizona State University (ASU) Novus Innovation Corridor in Tempe. Totaling 160,000 square feet, the six-story, multi-tenant building features an open floor plan, penthouse office space, 8,000 square feet of ground-floor retail space and a public urban plaza. DAVIS served as architect of record for the building, which Ryan Cos. built. The building is 84 percent leased by a mix of tenants, including ASU’s Herberger Gallery, University City Exchange, University Real Estate Development, Master of Design, Master of Innovation and Venture Development, and the Innovation Studio. Additionally, Infosys, a next-generation digital services and consulting firm, occupies the fourth and fifth floors at the building. At full build-out, Novus Innovation Corridor will feature more than 10 million square feet of mixed-use opportunities, including the 2.1 million-square-foot Marina Heights campus that Ryan Cos. and Sunbelt Holdings co-developed. Catellus Development Corp. is the master developer of the 355-acre, multi-phased Novus Innovation Corridor.

July 14, 2020

Development Mixed-Use North Carolina Southeast Top Stories

Charlotte City Council Gives $600M Mixed-Use Project in Uptown District First Approval to Move Forward

by John Nelson July 14, 2020

CHARLOTTE, N.C. — Seventh and Tryon, a planned $600 million mixed-use project in Charlotte’s Uptown district, has cleared a critical hurdle with the Charlotte City Council. The proposed development will include a 160,000-square-foot mixed-use building, 450,000-square-foot office tower, market-rate and affordable multifamily units, retail space and below- and above-ground parking. At a virtual meeting yesterday, the council unanimously approved a memorandum of understanding (MOU) that allows Marcus Jones, city manager of Charlotte, to negotiate and execute with the Virginia-based developer, Metropolitan Partnership Ltd., on behalf of the city and the landowners of the 3.1-acre site in Uptown. The landowners include Bank of America, City of Charlotte, Mecklenburg County and Charlotte Mecklenburg Library. Atlanta-based DaVinci Development Collaborative is the development manager on behalf of the landowners. “North Tryon needs a facelift, I believe this project moves us in that direction,” said councilmember Malcolm Graham, representative of Charlotte’s District 2, during the proceedings. The council also moved to allow the use of city funds to be negotiated for the project to move forward. The MOU includes the sale of the land from the four landowners to Metropolitan Partnership for a price of $21.5 million. The key terms of the MOU also include …

July 14, 2020

Development Multifamily Texas

Madison Marquette Opens 30-Story Travis Apartment Building in Midtown Houston

by Taylor Williams July 13, 2020

HOUSTON — Madison Marquette has opened The Travis, a 328-unit apartment building located in the Midtown area of Houston. The 30-story building houses one-, two- and three-bedroom units, as well as two-story penthouses and 14,000 square feet of ground-floor retail and restaurant space. Amenities include a pool with cabanas, fire pits, a 24-hour fitness center, conference center, coffee bar, concierge services, package locker service and valet dry cleaning. Baltimore-based CallisonRTKL designed the property, which also includes a seven-story parking garage. Los Angeles-based AECOM Hunt served as the general contractor.

July 13, 2020

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