REBusinessOnline

Reports: Hunt Realty Unveils Plans for 3.7 MSF Mixed-Use Project in Uptown Dallas

DALLAS — Locally based developer Hunt Realty Investments has unveiled plans for a 3.7 million-square-foot mixed-use development in Uptown Dallas, according to reports from multiple news outlets including the Dallas Business Journal and constructionreviewonline.com. According to the latter outlet, the project will be developed on an 11-acre tract between North Field and North Houston streets that currently houses Hunt Realty’s Northend Apartments. The project will include commercial and …

Radom Capital Tops Out $105M Montrose Collective Mixed-Use Project in Houston

HOUSTON — Houston-based developer Radom Capital has topped out Montrose Collective, a 197,000-square-foot retail and office development in Houston’s Montrose District. According to the Houston Business Journal, the four-story project is valued at $105 million. JP Morgan Asset Management is serving as a joint venture equity partner on the project, which also includes 40,000 square feet of green space and 600 parking spaces. Construction began in early …

Jamestown Plans to Expand Ponce City Market Adaptive Reuse Project in Atlanta by 500,000 SF

ATLANTA — Developer Jamestown has unveiled plans to expand Ponce City Market in Atlanta’s Old Fourth Ward neighborhood by 500,000 square feet. Expansion plans for the mixed-use development include a 100,000-square-foot office building, an outdoor courtyard with 38,000 square feet of shopping and dining space, and more than 400 units of a “hospitality living” concept.Jamestown says the hospitality concept was designed to cater to the way people live and work today, with spaces …

CIM Group, Strada Complete 288-Unit Apartment Tower in Downtown Oakland

OAKLAND, CALIF. — CIM Group and Strada Investment Group have completed Eleven Fifty Clay Street, a 288-unit apartment community in downtown Oakland. The co-developers delivered the 16-story property between 11th and 12th streets near the city’s Old Oakland neighborhood.Rents range from $2,544 for a studio apartment to $5,059 for a three-bedroom unit, with some concessions available for prospective tenants. The onsite leasing office is open five days a week.Amenities at Eleven Fifty …

Pellerin Purchases 375-Room Hotel in South Atlanta’s Summerhill District

ATLANTA — Pellerin Real Estate has purchased the former Ramada Plaza by Wyndham Atlanta Downtown & Conference Center, a 375-room hotel in south Atlanta’s Summerhill neighborhood. Atlanta-based Pellerin is partnering with New York-based Life House via its management arm, Life Hospitality, to stabilize the property and explore redevelopment opportunities. The former hotel is located next to Center Parc Stadium, Georgia State University’s (GSU) football stadium that was once the Atlanta …

Lowe, USAA Break Ground on Multifamily Redevelopment Project in Northern Virginia

ALEXANDRIA, VA. — Lowe and USAA Real Estate have broken ground on Park + Ford, an adaptive reuse project of two former office buildings within the Park Center complex in Alexandria. The two 14-story properties will feature 435 apartments upon completion. Also on the campus is an office building at 4300 King St. that includes a 55,000-square-foot X-Sport Fitness club.Apartments will include studio, one- and two-bedroom floor plans fitted with contemporary fixtures and appliances with a …

Dwight Capital Finances $27.4M HUD Loan for Drayton Mills Lofts in Upstate South Carolina

SPARTANBURG, S.C. — Dwight Capital has provided a $27.4 million HUD loan for Drayton Mills Lofts, a 289-unit multifamily community in Spartanburg. The HUD 223(a)(7) loan is a refinancing of the existing HUD 221(d)(4) loan that Grandbridge Real Estate Capital financed in 2014, the same year Westbridge Partners and TMS Development purchased the 118-year-old Drayton Mill.The former textile mill now features a 60-foot saltwater lap pool, two-story fitness center, walking trails and community …

Armada Hoffler Buys Out S.J. Collins to Fully Control $80M Southern Post Project in Roswell, Georgia

ROSWELL, GA. — Armada Hoffler Properties Inc. has purchased the interest from co-developer S.J. Collins Enterprises to fully control the development of Southern Post, a planned $80 million mixed-use development in downtown Roswell. Armada Hoffler plans to break ground on the project in spring 2021. Southern Post will offer 40,000 square feet of retail space; 90,000 square feet of loft-style, open-concept office space; 128 upscale apartments; and 10 townhomes with garages. Committed tenants …

ICP Purchases 377-Acre Former Amusement Park in Northeast Ohio for Mixed-Use Redevelopment

BAINBRIDGE TOWNSHIP AND AURORA, OHIO — Industrial Commercial Properties (ICP) has purchased a 377-acre tract that formerly housed the Geauga Lake Amusement Park (pronounced jee-AW-ga) and Sea World Ohio. Cedar Fair sold the asset for an undisclosed price. Located in Bainbridge Township and Aurora approximately 25 miles southeast of downtown Cleveland, the developer plans to rebrand the property as The Geauga Lake District. Elements of the new design will pay homage to the history of the …

Ferber Breaks Ground on 164-Acre Mixed-Use Development in Metro Tampa

LAND O’ LAKES, FLA. — The Ferber Cos. has broken ground on Cypress Ranch, a 164-acre mixed-use development in Land O’ Lakes. At full buildout, the project will include 330 multifamily units, 134 townhomes, 132 single-family homes and retail and office space. Commercial tenants will include EoS Fitness, Aldi, Burger King, Circle K, Honest-1 and Woodie’s Wash Shack. A remaining 6.4-acre tract can be subdivided for retail, office or hotel uses. Cypress Ranch is located near the …

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