RESTON, VA. — EYA Development LLC has broken ground on The Townhomes at Reston Station in Reston. The project will comprise 300 apartment units, 20,000 square feet of retail space and 115 townhomes available for purchase. The development spans nine acres and will be delivered in two phases, with Phase I scheduled to deliver in early 2021. The site is located at 1860 Michael Faraday Drive, two blocks from the Wiehle-Reston East Metro Station on the Silver Line and 21 miles west of downtown Washington, D.C. Scott Kasprowicz sold the land to the Bethesda, Md.-based developer.
SHEPHERDSVILLE, KY. — Clermont Distillery Inc. will open a new bourbon distillery in Shepherdsville. The property will span 55 acres on both sides of Interstate 65, though the distillery will only occupy about 15 acres. The developers, cousins Lee Wilburn and William “Bill” LaRue Weller, are exploring joint venture opportunities to develop hotels and other attractions on the remaining 40 acres. The developers expect to break ground in spring 2021. Kentucky Business Investment (KBI) and Kentucky Enterprise Initiative Act (KEIA) approved tax incentives for the project, which is expected to house 22 full-time employees earning an average wage of $56 per hour. The site is situated near the Clermont/Bardstown exit off I-65, 25 miles south of downtown Louisville. The project will also feature a gift shop and tasting room.
KNIGHTDALE, N.C. — CBRE|Raleigh has arranged a 103,920-square-foot industrial lease for Highland Cabinetry Inc. within Eastgate 540 industrial park in Knightdale. The cabinet supplier will occupy space within Building 2, situated at 365 Spectrum Drive, nine miles east of downtown Raleigh. Other tenants at the 968,000-square-foot park include All American Relocation, CHEP USA, Eby-Brown, Francini Inc. and Trade Venture Stones. Austin Nagy of CBRE|Raleigh represented the tenant in the transaction. Foundry Commercial represented the landlord, Trinity Capital Advisors.
AUSTIN, TEXAS — Bellomy & Co. has arranged the sale of three self-storage facilities totaling 1,807 units in Austin. Owner-operator Storage Star acquired the properties, which span 200,639 net rentable square feet and will be rebranded Storage Star-Mopac, Storage Star-Pond Springs and Storage Star-Ben White. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the undisclosed sellers in the transaction. The new ownership will invest in capital improvements to boost curb appeal and repair deferred maintenance items.
FORT WORTH, TEXAS — Locally based general contractor KWA Construction has topped out Phase II of Columbia Renaissance Square in Fort Worth. The latest phase will add 123 seniors housing units to the local supply. Designed by JHP Architecture and developed by Columbia Residential, the property will feature a 95,015-square-foot building with units that are reserved for renters aged 62 and older. Amenities will include a catering kitchen, computer center with Wi-Fi, fitness center, central laundry facility and a theater for movie screenings. Completion of Phase II is slated for December.
FATE, TEXAS — Private equity firm Gardner Capital has partnered with the City of Fate, located northeast of Dallas, to develop Gala at Fate, a 185-unit affordable seniors housing community. The city will lease the land to Gardner Capital, with plans for long-term ownership by the public-private partnership. CREA and Citibank are additional financial partners for the project, with Citibank providing both construction and permanent financing. Treymore Construction is the general contractor for Gala at Fate, which is expected to be complete in January 2022.
HOUSTON — Colliers International has negotiated the sale of a 132,000-square-foot distribution building located at 6410 W. Sam Houston Parkway N. in Houston. The property was developed on an 18.1-acre site as a build-to-suit project for FedEx Ground Packaging Systems. David Carter and Jeff Peltier of Colliers represented the undisclosed seller in the transaction. The buyer and additional terms of sale were not disclosed.
HOUSTON — General contractor Cadence McShane Construction Co. has completed the 76,000-square-foot IDEA Hardy charter school in Houston. The project was constructed on a 15.5-acre site and includes classrooms, laboratories, a cafeteria, administrative spaces, gym, soccer field and outdoor eating areas. National architecture firm Corgan designed the project on behalf of IDEA Public Schools, a Weslaco, Texas-based provider of K-12 public charter schools serving roughly 19,000 students across 36 institutions.
GOODYEAR, ARIZ. — Housing Trust Group (HTG) has closed on financing to begin construction of Aviva – Goodyear, an apartment development in Goodyear. The property will be HTG’s second Aviva multifamily community that embraces eco-friendly, luxury living with an array of wellness-oriented amenities. With the first apartments slated for delivery in September 2021, the $71 million Aviva – Goodyear will feature 288 luxury apartment residences in a mix of one-, two- and three-bedroom layouts with open floor plans; kitchens featuring quartz and granite countertops and stainless steel appliances; nine-foot ceilings with vaulted ceilings on upper floors; walk-in closets; wide-plank flooring; and private patios with storage. Located at 4175 N. Falcon Drive, the gated community will offer two swimming pools with spas surrounded by cabana beds, chaise lounge chairs, fire pits and outdoor games. A 10,000-square-foot clubhouse will offer a media and game room, billiards table and co-working spaces with private conference rooms. Also, Aviva – Goodyear will feature a health and wellness center including smart cardio machines, free weights, boxing and a yoga/spin studio with a 24/7 virtual trainer, a playground with covered seating areas, basketball court and a dog park with covered seating and a dog agility course. Slated …
SANTA MONICA, CALIF. — Marcus & Millichap has directed the sale of 2647 6th Street, a 24-unit multifamily property located in Santa Monica. A private investor sold the asset to another private investor for $8 million in an all-cash transaction. David O’Keefe and Steve Bogoyevac of Marcus & Millichap represented the seller and buyer in the deal. Built in 1968, the building was converted to condominiums via Tenant Ownership Rights Charter Amendment (TORCA), but is currently operating as an apartment building. The property features four studios, 19 one-bedroom units and four two-bedroom units.