Midwest

KAI Build, Revive Capital to Transform Former 7UP Headquarters in Metro St. Louis into Apartments

by Kristin Harlow October 2, 2026

CLAYTON, MO. — KAI Build is leading construction on the $55 million transformation of the former 7UP headquarters in downtown Clayton into a residential development with 118 apartment units. Located at 121 S. Meramec Ave. near Shaw Park, the 11-story building served as 7UP’s world headquarters from the mid-1960s through the late 1970s. After 7UP relocated to Dallas, St. Louis County purchased the property in 1988 to house its World Trade Center. The building later remained vacant for more than a decade. A group led by Kansas City-based Revive Capital Development headed by developer Michael Knight purchased the property in September 2026 with plans to transform it into a residential development named The Upton. Architect Chris Cedergreen is working in collaboration with Kent Wagster of HDA Architects on the project, which will feature a mix of luxury studio, one- and two-bedroom units. Amenities will include a fitness center, clubroom, heated outdoor spa, entertainment and theater spaces, billiards, multiple fireplaces, a dog wash, private resident speakeasy, game room, outdoor kitchens, fire pits and a private dog park. Octagon Finance is partnering on the project, providing a $48.3 million unitranche construction loan, including historic tax credits. A groundbreaking ceremony is scheduled for …

October 2, 2026

Leasing Activity Michigan Midwest Office

Newmark Negotiates 157,642 SF Office Lease for AT&T in Southfield, Michigan

by Kristin Harlow October 2, 2026

SOUTHFIELD, MICH. — Newmark has negotiated a 157,642-square-foot office lease for AT&T at Travelers Tower II, a 13-story office building in Southfield. Daniel Canvasser and J.P. Champine of Newmark represented the landlord, Time Equities Inc., which completed extensive capital improvements. AJ Weiner and Dave MacDonald of JLL represented the tenant. Travelers Towers comprises two interconnected office buildings totaling 810,460 square feet. Tenants include Lucid Motors, R1, MetLife, Willis Towers Watson, RXO and S&P. Roughly 33,786 square feet remains available for lease.

October 2, 2026

Illinois Industrial Loans Midwest Multifamily

Draper and Kramer Arranges Two Loans Totaling $27.5M for Chicago-Area Multifamily, Distribution Properties

by Kristin Harlow October 2, 2026

CHICAGO AND BRIDGEVIEW, ILL. — Draper and Kramer Inc. has arranged two loans totaling $27.5 million. The transactions include a $13.5 million loan to finance the acquisition of a three-building industrial complex in Bridgeview, a southwest suburb of Chicago, and a $14 million bridge loan for a 56-unit multifamily property in Chicago’s Edgewater neighborhood. Dan Freedman and Chris Beck of Draper and Kramer’s Commercial Finance Group arranged the loans. The distribution center serves as the headquarters for Chicagoland Quad Cities Express. A joint venture between Curtis Ashton Partners and Burnham Industrial Partners was the borrower. A correspondent life insurance company provided the loan. The newly constructed multifamily property is located at 1101 W. Berwyn Ave. Draper and Kramer secured the bridge loan on behalf of the developer with a two-year initial term and an option to extend for an additional three years.

October 2, 2026

Leasing Activity Michigan Midwest Retail

Eleven New Tenants Join RiverTown Crossings Shopping Mall in Grandville, Michigan

by Kristin Harlow October 2, 2026

GRANDVILLE, MICH. — Eleven new tenants are joining RiverTown Crossings in Grandville. The leases total 33,208 square feet. Throw it Back Dirty Soda opened its first permanent storefront Aug. 15 on the lower level next to Vito’s Sports Shop. Opening Nov. 15, Sweet Kisses Bakery will be located on the second level near JC Penney. Coming this fall are Addiour Perfume, Summit Comics and Games, Katie’s Heart & Home, Ventrora Perfume, Kako Claw and Cell Repair Xpert. MooZoo Slime Shop has a grand opening scheduled for Thursday, Oct. 17. Opening in winter 2026 are JD Sports and Snack’d. RiverTown Crossings is an indoor shopping and entertainment destination in west Michigan.

October 2, 2026

Development Kansas Midwest Mixed-Use Office

City Council Approves Black & Veatch Headquarters Development in Overland Park, Kansas

by Kristin Harlow October 1, 2026

OVERLAND PARK, KAN. — The City of Overland Park has unanimously approved plans for Black & Veatch’s new world headquarters and surrounding development. Black & Veatch, a global engineering, procurement, consulting and construction company, will break ground on the project this fall and is expected to move into its new home in 2029. Black & Veatch is the sixth-largest employee-owned company in the United States and has called Overland Park home for more than 50 years. Black & Veatch will serve as the master developer, working with JE Dunn as general contractor, BNIM as designer and Clayco as development manager. The nine-story building will feature collaborative workspaces and amenities such as wellness and mothers rooms, a fitness facility, outdoor terraces, food-and-beverage offerings and an onsite daycare. There will also be a parking garage with a weather-protected skywalk connection to the building. The new headquarters will anchor a walkable mixed-use development aligned with the city’s long-term vision for the College and Metcalf area. Planned in phases, the broader district is envisioned to include multifamily units, a hotel, retail space and a daycare.

October 1, 2026

Affordable Housing Development Michigan Midwest Multifamily

Ann Arbor Housing Commission, Related Midwest Break Ground on 330-Unit Affordable Housing Community

by Kristin Harlow October 1, 2026

ANN ARBOR, MICH. — Related Midwest and the Ann Arbor Housing Commission have broken ground on The Adeline, a 20-story affordable housing community with 330 units in downtown Ann Arbor. The Adeline will offer a mix of one- and two-bedroom layouts, all of which will be reserved for households earning up to 80 percent of the area median income (AMI). Approximately one-third of units will be set aside for households earning less than 30 percent of AMI. Completion is slated for 2028. The all-electric building will incorporate a geothermal system as its primary heating and cooling source. The Adeline is Related’s first building nationally, and one of the largest affordable housing communities in Michigan, to utilize geothermal energy. The building’s ground floor will include two storefronts collectively offering more than 6,000 square feet of retail space, along with a resident lobby, mail room and package room. Designed by SmithGroup, the tower will sit atop a two-story podium. The second floor will house amenities such as a lounge, multipurpose classroom, indoor children’s playroom, fitness center and resident storage space. The Adeline takes its name from Robert and Adeline Thompson, who in 1964 opened DeLong’s Bar-B-Q Pit in a converted gas station …

October 1, 2026

Industrial Leasing Activity Midwest Missouri

Opus Completes Lease-Up of 1.6 MSF Liberty Heartland Logistics Center in Missouri

by Kristin Harlow October 1, 2026

LIBERTY, MO. — Opus has completed the lease-up of Liberty Heartland Logistics Center in the Kansas City suburb of Liberty. Opus developed and built the three-building, 1.6 million-square-foot industrial park. Recent leasing activity includes Wagner Logistics, a third-party logistics provider that leased 317,000 square feet in Building B, and Dakota Bodies, a custom utility and service truck manufacturer that leased 173,000 square feet in Building C. Opus developed Liberty Heartland Logistics Center in two phases. The first phase included an 847,475-square-foot build-to-suit distribution center for Hallmark, which began operations in the facility in March 2023. The second phase added two speculative buildings totaling 812,000 square feet. TAB USA, an international manufacturer of industrial batteries, began leasing 66,700 square feet in Building C in April 2024. Animal Health International, a global distributor of animal health products, began leasing 255,000 square feet in Building B in April 2025. Liberty Heartland Logistics Center is a joint venture between Opus and Washington Capital Management. Opus was the developer, design-builder, architect and structural engineer of record on the shell buildings and handled the tenant improvement construction for TAB USA, Animal Health and Dakota Bodies. Michael VanBuskirk, Mark Long, John Hassler and Scott Bluhm of Newmark …

October 1, 2026

Acquisitions Illinois Midwest Multifamily Retail

Greenstone Partners Arranges $3.2M Sale of Apartment, Retail Building in Chicago

by Kristin Harlow October 1, 2026

CHICAGO — Greenstone Partners has arranged the $3.2 million sale of a three-story, 4,650-square-foot property located at 1560 N. Damen Ave. in Chicago’s Wicker Park. The ground-floor retail space is occupied by Stan’s Donuts & Coffee, a regional bakery that has operated at the location since its founding in 2013. The upper floors include two large apartment units. Danny Spitz and Brewster Hague represented the seller and procured the private buyer.

October 1, 2026

Conference Coverage Industrial Kansas Market Reports Midwest Midwest Market Reports Missouri Multifamily Retail

InterFace Panelists Tout Kansas City Market’s Strengths, Highlight Ways to Contain Costs

by Kristin Harlow October 1, 2026

For industrial developers and owners, Kansas City is an easy sales pitch right now. “Two years ago, we had to scrounge around [for capital partners] trying to get phone calls returned. Now, they’re calling us saying they’re ready to see what we’ve got,” said Nick Cook, a development manager with Panattoni Development Co. “You’re always trying to sell a story to these folks. And Kansas City is a pretty easy one to sell right now. When it comes to speculative development, we’re feeling bullish.” Cook’s remarks came during the developers, owners and investors panel at the InterFace Kansas City Industrial conference, which took place Tuesday, Aug. 18 at the Intercontinental Kansas City at the Plaza. Robert Ciston, a senior principal with BRR Architecture, moderated the discussion. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Fellow panelist Grant Harrison, executive vice president of development with VanTrust Real Estate, also expressed a bullish mindset on Kansas City and said he wants to get in front of the next wave of development. In contrast, there are some markets where Harrison does not …

October 1, 2026

Development Industrial Midwest Ohio

Walmart Plans $300M Fulfillment Center in Metro Cincinnati

by Kristin Harlow September 30, 2026

TURTLECREEK TOWNSHIP, OHIO — Walmart Inc. plans to invest more than $300 million in a new fulfillment center in Turtlecreek Township within metro Cincinnati, creating more than 300 new jobs. REDI Cincinnati, in partnership with JobsOhio, announced the project following Walmart’s purchase of nearly 100 acres in Warren County. The new facility, located at 760 Encore Drive, will specialize in fulfilling larger, non-sortable items, including televisions, furniture and other oversized merchandise. Walmart says the facility will help it deliver more items faster while supporting the continued growth of its next-day delivery network. Walmart maintains an existing fulfillment operation at 650 Gateway Blvd. in Monroe, which employs more than 200 associates and will continue operating.

September 30, 2026

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