HOLLYWOOD, FLA. — Housing Trust Group (HTG) has opened the Apartments at University Station, a $100 million mixed-used affordable housing community located in downtown Hollywood. The development features 216 income-restricted units of affordable and workforce housing — 108 one-bedroom and 108 two-bedroom apartments — ranging in size from 621 square feet to 899 square feet. The property’s affordable component will apply to all households earning between 22 and 80 percent of the area median income. The complex comprises two residential towers, a 635-space public-private parking garage, more than 2,000 square feet of retail space and a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services. Amenities at the complex include a multipurpose room with a catering kitchen and bar, fitness center, resort-style swimming pool and a game room, as well as elevated pedestrian bridges connecting the residential buildings to the parking garage. Developed in a public-private partnership with the City of Hollywood, the project team includes general contractor ANF Group Inc., Corwil Architects, HSQ Group (civil engineer), B. Pila Design Studio (interior design), Witkin Hults + Partners (landscape architect), BNI Engineers (structural engineer), RPJ Inc. (MEP engineer) and Kaller Architecture (Barry University interiors). Financing sources for the development …
AUSTIN, TEXAS — Dallas-based investment firm Entrada Partners has acquired a 243-bed student housing property located near the western portion of the University of Texas at Austin campus. Built in 2012 and known as 24Longview, the property offers a mix of one-, two-, three- and four-bedroom floor plans across 70 units. The amenity package comprises a pool, fitness center, lounge area, study rooms, green space and onsite laundry facilities. Kent Myers and Jordan Featherston of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the transaction. De’On Collins, Jayme Nelson and Samantha Jay of JLL arranged acquisition financing for Entrada Partners, which plans to implement capital improvements at 24Longview.
CLARENDON, VA. — Carr Properties has received site plan approval for the redevelopment of 3033 Wilson Blvd. in the Washington, D.C., suburb of Clarendon. Situated across from the Clarendon Metro Station, the former 160,000-square-foot office building will be transformed into a 309-unit multifamily complex with 6,000 square feet of ground level retail space. Carr Properties will participate in Arlington’s Green Building Incentive Program while also aiming for LEED Gold certification for 3033 Wilson. Architecture firm SK+I and interior design firm Edit Lab by Streetsense will design the redeveloped property, which will include a fitness center, coworking lounge, rooftop pool deck, clubroom, landscaped courtyard and 324 underground parking spaces with 13 electric vehicle charging stations. The project team also includes landscape architect ParkerRodriguez, civil engineer Bohler DC and McGuireWoods as land-use counsel. 3033 Wilson is anticipated to break ground in early 2026, with completion slated for 2027.
CHARLOTTE, N.C. — Deriva Energy, formerly known as Duke Energy Renewables, has relocated to a 33,606-square-foot office space at One South on the Plaza, a 40-story office tower located in Uptown Charlotte. The new office will serve as the headquarters for Deriva, which plans to move in by late fall. Chris Schaaf and Jamie Boast of JLL represented Deriva Energy in the lease negotiations, while Rhea Greene of Trinity Partners represented the undisclosed landlord. One South on the Plaza totals 850,000 square feet and features a 22,000-square-foot tenant amenity level on the third floor, street-level retail space housing tenants such as Tupelo Honey and Eddie V’s and a connection to the Overstreet Mall. Since 2015, ownership has invested $100 million to renovate the building’s lobby, plaza and exterior. More than 92,000 square feet of office leases have been executed at One South on the Plaza, including Dole Food’s U.S. headquarters, Shumaker, Robert Half, Protiviti, Huntington National Bank, The Siegfried Group, Krazy Curry, Ace No. 3 and Pet Wants.
LEWISVILLE, TEXAS — Chicago-based REIT First Industrial Realty Trust Inc. (NYSE: FR) has broken ground on a 176,000-square-foot speculative project in the northern Dallas suburb of Lewisville. The building will be the sixth and final structure within First Park 121, a 1.2 million-square-foot development located at the corner of Midway Road and FM 544. Building features will include 36-foot clear heights, 36 dock-high door positions, two ramps, an ESFR sprinkler system and parking for 118 cars and 249 trailers. Alliance Architects is designing the project, and Cerris Builders is serving as the general contractor. Westwood is providing civil engineering services, and Lee & Associates is the leasing agent. Construction is expected to last 12 to 14 months.
BOYNTON BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cross Creek Center, a 37,201-square-foot shopping center located in the Fort Lauderdale suburb of Boynton Beach. Built in 1988 and renovated in 2014, the center was 97 percent leased at the time of sale to tenants including Stanton Optical, The UPS Store, Smoothie King and Metro by T-Mobile. Drew Kristol and Kirk Olson of IPA represented the seller, Davie, Fla.-based Janoura Realty, and procured the buyer, Cincinnati-based Phillips Edison & Co., in the transaction. The sales price was not disclosed.
SAN JOSE, CALIF. — Federal Realty Investment Trust has completed the $74 million disposition of Levare, a Class A apartment building located within Santana Row in San Jose. The name of the buyer was not released. Delivered in 2011, Levare features 108 apartments that were 95 percent leased at the time of sale.
CANBY, ORE. — JE Dunn Construction, with LRS Architects, has broken ground for the construction of a 347,000-square-foot distilled spirits distribution center for Oregon Liquor Cannabis Commission (OLCC) in Canby. The new facility will replace OLCC’s current warehouse in Milwaukie, Ore., which has been in operation for 70 years and no longer has the capacity to keep pace with the state’s distilled spirits market. OLCC oversees the entire distribution and sale of all distilled spirits in the state, apart from wine and beer. The warehouse facility features attached office spaces, a staff lounge, maintenance shop space and an advanced material handling system, as well as a large break room with an outdoor space designed for staff relaxation and rejuvenation. The new warehouse is designed to expand OLCC’s current capacity, streamline operations and improve efficiency for businesses and consumers across the state. The project team includes VLMK Engineering + Design, Interface Engineering, Otten + Associates Landscape Architecture and Cumming Group. The distilled spirits distribution center is projected for completion in June 2026 and to be fully operational by August 2026.
MESA, ARIZ. — Phelan Development has completed the sale of Phelan Pecos Center I—Building C, a 141,117-square-foot Class A industrial asset located at 8341 E. Pecos Road in Mesa. Emeryville, Calif.-based Libitzky Property Cos. acquired the asset for $29.4 million. Cyclic Materials is occupying the property on a brand new 10-year lease. Phil Handel, Will Strong, Foster Bundy, Molly Hunt and Katie Repine of Cushman & Wakefield’s Private Capital Group in Phoenix represented the seller in the transaction. Building C features a clear height of 32 feet, a heavy 6,000 amps of power, a private truck court with optimal loading capabilities, 28 dock doors, three grade doors, multiple access points, functional column spacing, full-building HVAC, LED lighting, ample parking and freeway and airport proximity.
SAN DIEGO — PSRS has arranged a $10 million loan for the refinancing of Mercy Medical, a medical office building in San Diego. Built in 1979 and renovated in 2017, the seven-story, multi-tenant building features 86,288 rentable square feet. James Mulvihill, Kevin Mulvihill and Alexander Santulis of PSRS secured a nonrecourse, interest-only loan with flexible prepayment terms through one of PSRS’ correspondent life insurance company lenders for the undisclosed borrower.