HILTON HEAD ISLAND, S.C. — The Town of Hilton Head Island has awarded its request for proposal (RFP) for the island’s first ever workforce housing community to Atlanta-based OneStreet Residential. The project, preliminarily named Northpoint, will feature 150 to 170 workforce housing units and will be located on an 11-acre tract of town-owned land. The project is envisioned to house the caregivers, teachers, medical professionals and first responders who work on Hilton Head Island. At least half of the units will be reserved for households earning between 60 to 80 percent of the area median income (AMI). OneStreet Residential was selected as the town’s preferred development partner after months of deliberation by town staff and an advisory committee, which included tours of the developer’s projects in Atlanta. OneStreet will begin site due diligence, site planning, engineering and architectural renderings. The development agreement is expected to go before Hilton Head Town Council for a vote in early 2024, with the commitment to maintain the Northpoint community as workforce housing forever.
OAKLAND PARK, FLA. — Newrock Partners has completed Oaklyn, an 11-story mixed-use tower located at 3333 N. Federal Highway in Oakland Park, a city in South Florida’s Broward County. The project comprises 274 apartments and 19,000 square feet of ground-level retail space. Managed by Bozzuto, Oaklyn’s residences comprise studio, one- and two-bedroom apartments spanning from 451 to 1,172 square feet. Rental rates begin at $1,850, according to the property website. Amenities include Oak Three, a rooftop experience with an indoor/outdoor lounge, entertainment kitchen, communal games, art activations, resort-style pool deck, hot tub, outdoor dining and kitchen areas with grilling stations and oversized day beds. Other amenities include podcast studios, maker spaces, an indoor/outdoor fitness center, dog spa and a dog park. The design-build team includes general contractor First Florida and architect Kobi Karp Architecture & Interior Design Inc.
SNELLVILLE, GA. — Northside Hospital and Realty Trust Group (RTG) have opened a new 45,000-square-foot healthcare clinic in downtown Snellville, a suburb of Atlanta in Gwinnett County. RTG partnered with the Atlanta-based hospital system through the planning and development process, including land acquisition, zoning, design and construction phases. Northside is the operator of the two-story medical office, which features imaging, surgery and orthopedics services. Adjacent to the new medical center is a 7,500-squrae-foot sister building that houses an urgent care. The medical buildings are situated on a 4.6-acre site along Wisteria Drive within The Grove at Towne Center development.
SARASOTA, FLA. — Berkadia has brokered the sale of Reserve at Palmer Ranch, a 320-unit apartment community located at 4100 Winners Circle in Sarasota. Jason Stanton, Cole Whitaker and David Etchison of Berkadia represented the seller, California-based Strategic Holdings, in the transaction. John Koeijmans of Berkadia’s Dallas office arranged acquisition financing on behalf of the buyer, Wisconsin-based MLG Capital. The 10-year loan featured a fixed interest rate and full-term interest only payments. The loan amount and sales price were not disclosed. Built in 1990, Reserve at Palmer Ranch features primarily two- and three-bedroom apartments, as well as a fitness studio, two resort-inspired pools, bark park, car care center and a courtyard with communal games.
ACWORTH, GA. — Tobin Real Estate has arranged the $15 million sale of Acworth Crossing Shopping Center, a 120,829-square-foot retail center located on a 15.3-acre site along Cobb Parkway in Acworth, a northwest suburb of Atlanta. Built in 2006, the property’s tenant roster includes Crunch Fitness, PetSmart, popshelf and Dollar Tree. Louie Granteed of Tobin represented the seller, an entity doing business as Monarch at Acworth Crossing LLC, in the transaction. Collin Cambas and Johnny Craig of Matthews Real Estate Investment Services represented the buyer, an entity doing business as Acworth Properties LLC.
HOUSTON — Parkway, which is a partnership between Orlando-based Parkway Property Investments and Houston-based Midway, has acquired CityWestPlace, a four-building, 1.4 million-square-foot office campus in Houston’s Westchase District. Designed by Keating Mann Jerrigan Rottet and Daniel Mann Johnson & Mendenhall, CityWestPlace was constructed between 1993 and 2001 and renovated in 2020. Amenities include a conference space, multiple food-and-beverage options, two fitness centers, trails and sports fields. Eastdil Secured represented the undisclosed seller, which previously owned an interest in the property, in the transaction. Parkway will continue to operate the property, and Parkway’s development partner, Midway, will oversee the continued development of CityWestPlace.
WHITE SETTLEMENT, TEXAS — Locally based developer Street Realty will build West Loop Business Park, a 140,000-square-foot industrial project in White Settlement, a western suburb of Fort Worth. West Loop Business Park will comprise 14 shallow-bay buildings on a 12-acre site. Each building will span 9,900 square feet and can be subdivided for multiple tenants or marketed to a single tenant. Construction is scheduled to begin before the end of the year and wrap up in the third quarter of 2024. FirstBank Southwest provided construction financing for the deal.
DALLAS — Public media organization KERA will open a new headquarters facility in Uptown Dallas. The site is adjacent to the Katy Trail, and the square footage has yet to be determined. KERA has also formed a partnership with Kaizen Development to construct the new facility, with construction scheduled to begin late next year. Kaizen also purchased 2.4 acres at the southern end of the site from KERA with plans to build a 400,000-square-foot office building and a residential tower of an undetermined size. Delivery of those projects, which will include 20,000 square feet of retail and restaurant space, is slated for 2027.
FORT WORTH, TEXAS — Dayton Superior Corp., an Ohio-based concrete supplier, has signed a 51,101-square-foot industrial lease renewal at RiverPark Business Center in Fort Worth. The development consists of two buildings totaling 500,635 square feet on a 25-acre site. Michael Spain and Jason Finch of Bradford Commercial Real Estate Partners represented the landlord, an entity doing business as SCG River Park Business Center LP, in the lease negotiations. Caleb McCoy of JLL represented the tenant.
HOUSTON — Locally based brokerage and advisory firm Baker Katz has negotiated three retail leases in the Houston area for T-Mobile. The first deal is for 2,334 square feet in the northeastern suburb of Liberty; the second transaction is for a 2,000-square-foot store in Magnolia, located northwest of the city; and the final lease is for a 3,339-square-foot space in the Galleria District. Jonathan Aron of Hunington represented the landlord in the Liberty deal, and Court Richardson with Ironbridge represented ownership in the Magnolia deal. Bunny McLeod with Wulfe & Co. served as the landlord representative in the third deal.