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Village-Green-at-Bridgeland-Central-Houston
DevelopmentRestaurantRetailTexas

Howard Hughes Underway on 70-Acre Retail Development in Northwest Houston

by Taylor Williams

HOUSTON — Howard Hughes Holdings (NYSE: HHH) is underway on construction of Village Green at Bridgeland Central, a 70-acre retail development in northwest Houston. Located within the 925-acre Bridgeland master-planned community, Village Green will comprise a 100,000-square-foot H-E-B grocery store and 28,000 square feet of inline retail and restaurant space. The development will also feature multiple outdoor dining spaces and connectivity to Bridgeland’s network of walking trails. H-E-B is scheduled to open by the end of the year, and the inline space is slated for a spring 2025 delivery. Tal McIver of McIver Properties represented H-E-B in the lease negotiations, and Eric Walker of Capital Retail Properties represented Howard Hughes.

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Cottages-at-Lavon-Lake
Build-to-RentDevelopmentSingle-Family RentalTexas

ONM Living to Develop 268-Unit Build-to-Rent Residential Project in Lavon, Texas

by Taylor Williams

LAVON, TEXAS — ONM Living will develop The Cottages at Lavon Lake, a 268-unit build-to-rent residential project in Lavon, located northeast of Dallas in Collin County. The development will feature cottage-style homes in one-, two- and three-bedroom formats that will range in size from 340 to 1,230 square feet. Residents will have fenced backyards, detached garages and open surface spaces. Communal amenities will include a pool, fitness center, dog park and pickleball courts. Vertical construction is scheduled to begin in May 2025, and full completion is slated for early 2027.

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Connor-Lane-Business-Park-Austin
DevelopmentIndustrialTexas

Alliance Industrial Breaks Ground on 170,959 SF Project in Northeast Austin

by Taylor Williams

AUSTIN, TEXAS — Houston-based developer Alliance Industrial has broken ground on Connor Lane Business Park, a 170,959-square-foot industrial project in northeast Austin. The development will consist of two buildings totaling 87,467 and 83,492 square feet, with depths of 120 feet and 175 feet, respectively. Both buildings will feature 32-foot clear heights and 130-foot truck court depths, and the complex will offer a total of 70 dock doors. Construction is slated for a fourth-quarter delivery. Alliance Industrial has tapped Colliers as the leasing agent.

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DevelopmentGeorgiaMixed-UseSoutheast

Georgetown, RocaPoint Provide Updates for Campus 244 Mixed-Use Development in Atlanta’s Central Perimeter District

by John Nelson

DUNWOODY, GA. — The Georgetown Co. and RocaPoint Partners have provided updates for Campus 244, a 1.3 million-square-foot mixed-use development underway in Atlanta’s Central Perimeter submarket. Situated adjacent to the Dunwoody MARTA station, Campus 244 will feature the redeveloped Palladium office building, the Element by Westin Atlanta Perimeter hotel and several dining options. The developers recently welcomed Insight Global and Beon to the Palladium building and topped off the hotel, which will open this fall along with its dining concepts The Spruce Social House and Stäge Kitchen & Bar. The duo also plans to open CT Cantina & Taqueria at Campus 244 this summer. Additionally, Georgetown and RocaPoint have announced Phase II of the development — a six-story office building dubbed The Stacks. The 300,000-square-foot property is designed by Skidmore, Owings & Merrill to feature oversized windows and private outdoor space on all six levels. The construction timeline for Phase II was not disclosed. Aileen Almassy, Will Porter and Rob Kuppersmith of Cushman & Wakefield handle office leasing efforts at Campus 244, and Steve Yenser with Yenser Co. manages retail leasing.

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DevelopmentFloridaSoutheastStudent Housing

Toll Brothers, CanAm Capital Complete 1,086-Bed Student Housing Community Near Florida International University

by John Nelson

MIAMI — A joint venture between Toll Brothers Campus Living and CanAm Capital Partners has completed Lapis, a 1,086-bed student housing development located adjacent to the Florida International University campus in Miami. The 20-story community spans more than 763,500 square feet and offers units in one-, two-, three-, four- and five-bedroom configurations. Shared amenities include a club room, indoor/outdoor fitness center, saltwater swimming pool, coffee bar, private study and group meeting rooms and a rooftop amenity deck with a Jumbotron and grilling stations. The design team for the development included Mary Cook Associates and Humphreys & Partners Architects. The community welcomed first residents in fall 2023.

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DevelopmentRetailTexas

Bass Pro Shops to Open 100,000 SF Store in Odessa, Texas

by Taylor Williams

ODESSA, TEXAS — Bass Pro Shops will open a 100,000-square-foot store in the West Texas city of Odessa. The store, which will be the outdoor apparel and equipment retailer’s 17th in Texas, will anchor the 158-acre Dorado Destination Center along State Highway 191 between Yukon Road and Mission Boulevard. Construction will begin in the coming months, with Bass Pro Shops targeting a spring 2025 opening. ICA Properties owns the development, which is also home to a Cinergy movie theater and entertainment complex. The Retail Coach worked on behalf of the tenant and landlord, as well as the City of Odessa, to facilitate the deal.

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AcquisitionsIndustrialSoutheastVirginia

Lovett Industrial, Heitman Acquire 720,000 SF Industrial Park in Norfolk

by John Nelson

NORFOLK, VA. — Houston-based Lovett Industrial and Chicago-based Heitman LLC have acquired Diamond Hill Distribution Center, a four-building industrial park in Norfolk spanning 720,000 square feet. The seller and sales price were not disclosed. Cushman & Wakefield brokered the transaction, and John Alascio of Cushman & Wakefield arranged an undisclosed amount of acquisition financing through Voya Financial on behalf of the buyers. Located on State Route 168 with adjacent access to I-64 and I-464, Diamond Hill is situated near Chesapeake and Virginia Beach, as well as the Port of Virginia’s Norfolk International Terminal and Virginia International Gateway port terminals. The park’s four buildings all have rail spurs that are activable for Norfolk Southern’s main line. The property was fully leased at the time of sale to four tenants and features a combined 96 loading positions, additional trailer parking, over 520 auto parking stalls and 27- to 29-foot clear heights. Lovett Industrial and Heitman have tapped Charles Dickinson of Harvey Lindsey Commercial Real Estate to lease and market Diamond Hill.

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DevelopmentMixed-UseRetailSoutheastTennessee

Urban Story Ventures to Redevelop 160,000 SF Shopping Center in Metro Chattanooga

by John Nelson

EAST RIDGE, TENN. — Urban Story Ventures will redevelop a 160,000-square-foot shopping center located at 3715 Ringgold Road in East Ridge, roughly 10 miles outside Chattanooga. The developer purchased the 13-acre property — which features a 38,000-square-foot space formerly occupied by Food City, five retail outlet buildings and parking — last year. A roster of food-and-beverage, professional services and apparel retailers currently occupy a portion of the center. Plans call for a combination of renovations to existing suites, as well as new construction. Urban Story Ventures will reposition the property as a mixed-use development and plans to sign leases with retail, office and medical office tenants throughout the redevelopment.

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DevelopmentMultifamilySouth CarolinaSoutheast

Beach Co. Breaks Ground on The Charles Residential Development in Charleston

by John Nelson

CHARLESTON, S.C. — The Beach Co. has broken ground on The Charles, a boutique multifamily community located at the corner of Broad and Barre streets in Charleston. The property will feature 15 three-story townhomes, eight apartment flats and a half-acre park overlooking the Ashley River and Safe Harbor City Marina. The townhomes will feature two- and three-bedroom layouts and will include private garages, 10- to 12-foot ceilings, soaking tubs, custom cabinetry, private balconies and private gardens. The design-build team includes Antunovich Associates, DesignWorks, Forsberg Engineering and Balfour Beatty. First Bank is providing an undisclosed amount of construction financing for the project. The Beach Co. plans to deliver The Charles in summer 2025.

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Leasing ActivityRestaurantRetailTexas

Bright Realty Welcomes Eight New Food-and-Beverage Users to Flagship Development in Metro Dallas

by Taylor Williams

LEWISVILLE, TEXAS — Bright Realty has welcomed eight new food-and-beverage users to The Realm at Castle Hills, the locally based developer’s 324-acre mixed-use destination in the northern Dallas suburb of Lewisville. The tenants that have either recently opened or signed leases include: Marble Slab Creamery/Great American Cookies (1,600 square feet); Chinese and Indian restaurant The Monk’s (3,869 square feet); RT Bakery (1,507 square feet); Voodoo Brewing Co. (4,346 square feet); Bagel Bar (1,186 square feet); Ked’s Artisan Ice Cream & Treats (1,893 square feet); Cocinero Mexican Restaurant (3,800 square feet); and Bluebonnet Brunch House (2,479 square feet).

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