KALAMAZOO, MICH. — GREA has brokered the sale of Big Bend Apartments, a 128-unit low-income housing tax credit community in Kalamazoo. Constructed in 2004, the property features a mix of two- and three-bedroom units. GREA facilitated the disposition of the asset on behalf of the original developer.
BIG BEND, WIS. — The Milwaukee office of Kraus-Anderson (KA) will build the Breck Athletic Complex, a $175 million youth sports complex located at Highway 164 and I-43 in Big Bend, just southwest of Milwaukee. The facility will host national-level baseball, soccer and lacrosse tournaments. The project will be the first of its kind in the area and the largest complex in Wisconsin when complete, according to KA. Construction is expected to begin this spring. Designed by ISG Architects, the project’s baseball component will feature six full turf lighted outdoor fields, a championship field with built-in seating, a 150,000-square-foot indoor baseball, lacrosse and soccer facility, batting cages and warmup areas, bleachers and restrooms. There will be five full turf outdoor fields for soccer and four full turf outdoor fields for lacrosse. Amenities will include golf simulators, a looped fitness trail, gas station, parking, commercial and retail spaces, sports outfitters and an onsite hotel. Food and entertainment offerings will include multiple concessions, additional restaurants, a coffee bar and a craft beer bar, restaurant and banquet hall near the championship field. The soccer fields are anticipated to be ready for gameplay by early fall 2026. Baseball diamonds are expected to open in …
CHICAGO — A 50-room boutique hotel is planned for Chicago’s Northalsted community named Backbeat Hotel. The first hotel of its kind in the heart of the city’s LGBTQ+ neighborhood, the 41,000-square-foot property will offer modern, design-forward accommodations, including 12 suites. Amenities will include a rooftop pool, street-level restaurant, gathering spaces and a below-ground lounge. Built on the site of the renowned Northalsted fixture Yoshi’s Café, which shuttered in 2021, the six-story hotel project is designed by Miami-based Studio Rodrigo Buelvas in collaboration with Chicago-based Jonathan Splitt Architects. Inspired by Chicago’s connection to the origins of house music, “Backbeat” draws its name from the music that rose from disco basements and house lofts on Halsted Street. Demolition of the existing structure is slated for later this year, with an anticipated opening in 2028.
WESTFIELD, IND. — Structural engineering firm O’Donnell & Naccarato has topped out the new Westfield Police Headquarters, a $35 million public safety facility. The new headquarters, rising two stories and totaling 63,000 square feet, will replace the city’s existing public safety building. The project team includes architect Dewberry, construction manager Skender and the City of Westfield as the project owner. The design incorporates a range of structural systems and materials as well as a 2,700-square-foot storm shelter. The project also includes planning for a future 30,000-square-foot expansion to accommodate the city’s growth. The topping out marks the completion of the building’s structural framework. The project is on track for completion in 2027.
KANSAS CITY, MO. — The Fold, a new American restaurant concept from the team behind Roots Seasonal Cuisine in Lee’s Summit, Mo., will open at Corrigan Station in the heart of Kansas City’s Crossroads Arts District. The Fold will occupy 6,072 square feet in the former Corvino restaurant space. Todd Richards, bar manager for Roots, along with Amanda Accurso and Brandon Sharp, owners of Roots, are partners in The Fold, which will offer a wide range of culinary options. The restaurant is scheduled to open Friday, May 22. The Fold’s name reflects the restaurant’s vision of being a welcoming place for people from all walks of life, according to Corrigan Station owner Copaken Brooks.
ST. LOUIS — Midas Hospitality has begun an $81 million revitalization of the historic Edison Brothers Building in downtown St. Louis. The project includes updates to the hotel and public spaces, new street-level amenities and the restoration of the building’s mural. The property is planned to reopen in fall 2027 as the Sheraton St. Louis Downtown. Located at 400 S. 14th St., the nearly 950,000-square-foot building was repurposed more than 20 years ago and has since included 72 condominiums and a 270-room hotel. Midas’ plans call for 284 fully updated hotel rooms, expansive meeting and event space on the building’s top floor and a rooftop outdoor deck serving both guests and event participants. Central to the project is the restoration of the building’s trompe l’oeil mural, originally painted in 1984 by artist Richard Haas. Midas has retained Haas to restore the artwork. Financing partners include Acres Capital, The Bank of Missouri and Peachtree Group. Historic tax credit partners include Historic Equity Inc. and Commerce Bank. The project also received support from the City of St. Louis and the condominium association, Breckenridge 1400 Condominium Association. The design and construction team includes MBG (general contractor), Gray Design Group (architect), Avenir Group (interior …
BUFFALO GROVE, ILL. — Associated Bank has provided a $22.6 million loan to Shorewood Development Group for the acquisition and redevelopment of a vacant, 66,083-square-foot former grocery store at 1160 W. Lake Cook Road in Buffalo Grove. The sale also included an outlot site. Named Chase Plaza, the project will feature a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio fitness center. The space had been vacant for years. The project marks the first Club Studio location in the northwest Chicago suburbs. Daniel Barrins of Associated Bank managed the loan arrangements and closing.
EUDORA, KAN. — AU Construction has broken ground on 10 Union Lofts, a new 96-unit multifamily development in Eudora, a city in eastern Kansas. Developed by Alcove Development, the property will be situated along the K-10 corridor between Lawrence and metro Kansas City. Plans call for a mix of one-, two- and three-bedroom units. Leasing is anticipated to begin in 2027. Cornerstone Property Management will manage the community. Rosemann & Associates is the architect.
BATAVIA, OHIO — Prudent Growth Partners LLC, a private equity real estate firm based in Chapel Hill, N.C., has purchased Eastgate Shopping Center in Batavia near Cincinnati for $3.3 million. The neighborhood retail center totals 20,520 square feet and is situated along Old State Route 74 with direct access to State Route 32. The property is currently 94 percent leased and features a mix of service, medical and necessity-based tenants, including State Farm, Farmers Insurance, Merry Maids and Avis/Budget.
CEDAR RAPIDS, IOWA — Sub-Zero Group Inc. has unveiled plans to expand its manufacturing operations in Cedar Rapids. The $196 million expansion will add approximately 230,000 square feet to the company’s existing 600,000-square-foot facility on the city’s southwest side and is expected to create 312 new jobs, bringing total employment at the site to more than 500. Headquartered in Madison, Wis., Sub-Zero manufactures kitchen appliances under the Sub-Zero, Wolf and Cove brands. Construction timelines and additional project details will be announced as planning progresses.