RENSSELAER, N.Y. — Marx Properties has commenced construction of de Laet’s Landing, a new waterfront development in Rensselaer. Set on 24 acres on the Hudson River, the initial construction will feature 200 residential units, 90,000 square feet of retail and a 360-space parking area. Occupancy for this phase is slated for fall 2009. The entire project is expected to be developed in stages over the next 8 to 10 years. Plans include 250,000 square feet of Class A office space, 165,000 square feet of retail space, 236,000 square feet for a hotel site and 630,000 square feet of residential space that will include mid-rise, water-view condominiums and townhomes. RealtyUSA is the exclusive commercial and residential broker for the development.
San Diego ¬— San Diego-based Davies Development & Investments Inc. has broken ground for the development of The Nolen, a mixed-use office development located in downtown San Diego’s Ballpark District. Designed by Fehlman LaBarre Architects Inc., the 13-story project will offer ground-level retail space and office space on the remaining floors. Each office tenant will occupy an entire floor and will have private, password-protected elevator access. Additionally, the top five floors will feature private balconies. The company plans to submit the project for LEED certification. Completion is slated for the first half of 2009. B&G Consultants are providing construction management; PCL is serving as general contractor.
AVON, COLO. — Fort Worth, Texas-based Trademark Property Company is developing Vail Valley Center, an 80-acre mixed-use development located in Avon. With approximately 4,500 linear feet of Interstate 70 frontage, the property is slated to include a mix of national, regional and local specialized retailers, restaurants, entertainment and other commercial spaces. Additionally, the center will feature multifamily housing, hotels and Class A office product.
BATTLE GROUND, WASH. — The Gold Medal Group is developing Battle Ground Village, a 21-acre, 140,000-square-foot mixed-use retail project in Battle Ground. Located at 199th Street and Commerce Avenue, the $60 million development will feature a mixture of small and large retail stores, professional offices, restaurants and cafes. Designed by Myhre Group Architects to resemble a small European village, the center also features a 13,000-square-foot library, a seasonal farmers market, a central park pavilion, an urban trail system surrounding the development and a children’s nature park. The village is part of the master-planned Battle Ground Center, a 108-acre, mixed-use community that includes Battle Ground Village, the 38-acre Battle Ground Corporate Center, the Commerce East Industrial Park and Sixth Street Station, a community of 167 single-family homes.
AUSTIN, TEXAS — Construction is underway on Midtown Commons at Crestview Station, a mixed-use, transit-oriented development (TOD) located in the northwest quadrant of Lamar and Airport boulevards in Austin. The 73-acre site, which will comprise office, retail and a variety of Class A luxury residential units, will be directly adjacent to a Cap Metro commuter rail station that opens this fall. The project’s first phase will be oriented around the transit station and will include 316 residential units, 30,300 square feet of retail space and 30,300 square feet of office space. Additional phases will follow in the near term. Midtown Commons at Crestview Station has received a 3-star rating from ENERGY STAR, a program of the U.S. Environmental Protection Agency and the U.S. Department of Energy. USAA Real Estate Co. is the capital partner on the project. High Street Residential, Trammell Crow Co.’s wholly owned subsidiary, is the developer.
TEMPE, ARIZ. — The Wolff Company has partnered with The Barker Pacific Group to develop South Bank, a 3.6 million-square-foot mixed-use district in Tempe. Located along Rio Salado Parkway between Rural Road and McClintock Drive, the 27.3-acre project will feature interconnected retail, office, hotel and residential space. The master-planned district features waterfront accessibility, a central plaza, a lakeside boardwalk, an iconic pier and a continuous linear park connecting the district to Mill Avenue and downtown Tempe. Construction on the $25 million infrastructure began in February and vertical construction is expected to begin in 2009.
ADDISON, TEXAS — UDR has broken ground on its $1 billion dollar Vitruvian Park, a 99-acre mixed-use development located approximately 1 mile north of Interstate 635/LBJ Freeway between Midway Road and Marsh Lane in Addison. Featuring multifamily, retail and commercial components, the project is introducing a new green initiative program created by the Town of Addison. The program, which is a combination of Energy Star and LEED standards, will be included in all 5,500 residential units and 300,000 square feet of office and retail space. The first phase will feature 667 multifamily units and a 12-acre public park, and leasing is scheduled to begin by the end of next year. Occupancy is expected to be ready at the beginning of 2010. All phases of Vitruvian Park are projected for completion in 2017.
JOLIET, ILL. — Los Angeles-based O&S Holdings and Hollywood, Fla.-based Strategic Retail Development have received unanimous approval from the Joliet City Council for the development of Bridge Street Town Centre, a 314-acre, 3.5 million-square-foot mixed-use development to be located at the intersection of interstates 55 and 80, and Route 59. The nearly $1 billion project, which is scheduled to break ground in early 2009, will comprise approximately 1.7 million square feet of retail and restaurant space; 96,000 square feet of Class A office space, including some offices above retail; a 66,000-square-foot upscale movie theater; at least two hotels and a variety of residential units. O&S will be handling retail leasing for the project, along with Strategic Retail and the Chicago office of CB Richard Ellis. Baltimore-based Development Design Group is designing the project, with Chicago-based OWP/P serving as the architect and engineer of record. Completion is scheduled for 2010.
JOLIET, CALIF. — Los Angeles-based O&S Holdings LLC has partnered with Hollywood, Fla.-based Strategic Retail Development to develop Bridge Street Town Centre, a 314-acre, 3.5 million-square-foot mixed-use project in Joliet. Located at the intersection of Interstates 55, Interstate 80 and Route 59, the approximately $1 billion project will feature 1.7 million square feet of upscale small shops, big-box retail stores and a variety of restaurants; a 60,000-square-foot upscale movie theatre; 96,000 square feet of office space, which includes office space above retail space; at least two hotels and a variety of residential units. Groundbreaking is slated for early 2009, with completion scheduled for 2010. Baltimore-based Development Design Group and Chicago-based OWP/P are providing design and architectural services for the project.
SANTA BARBARA, CALIF. — Laguna Hills, Calif.-based DBN Development LLC has received approval to develop Radio Square, a mixed-use project located at 210 W. Carrillo St. in downtown Santa Barbara. The project will involve the demolition of an old strip center and the clean up of an environmentally impacted site. Environmental clean up is slated to begin late this year, with project completion scheduled for late 2010. The two- and three-story development will feature 32 residential units built over and around 16,000 square feet of commercial space and a subterranean parking area. Additionally, the project will incorporate the city’s sustainable design and green building practices with features such as tankless water heaters, accommodations for alternative transportation, renewable energy, water efficient landscaping and storm water management, as well as the storage and collection of recyclables. Santa Barbara-based The Conceptual Motion Company is providing architectural services for the project.