Property Type

The-Residences-at-CityPlace-Overland-Park-KS

BRES, The Carlyle Group to Develop Multifamily Community in Overland Park

by Amy Works May 22, 2015

OVERLAND PARK, KAN. — Block Real Estate Services (BRES) and The Carlyle Group are developing The Residences at CityPlace, a 344-unit planned multifamily community within Overland Park’s CityPlace development. The Residences at CityPlace will consist of micro, one- and two-bedroom units, ranging from 468 and 2,023 square feet, featuring gourmet island kitchens, quartz countertops, walk-in closets with custom shelving, large outdoor terraces, full-sized washers/dryers and attached garages. Community amenities will include a resort-style pool and hot tub, fire pit, covered grilled and TV area, fitness center, coffee bar, library, game room, social media/theater room, secure covered parking, dog park, bike stations, WiFi, and access to the 17-mile Indian Creek Trail system.

May 22, 2015

Jerri-Hoffmann-Child-Family-Carpentersville-IL

Civic Illinois Midwest

Leopardo Cos. Completes New Jerri Hoffmann Child + Family Center in Illinois

by Amy Works May 22, 2015

CARPENTERSVILLE, ILL. — Leopardo Cos. has completed the construction of the 230-student Jerri Hoffmann Child + Family Center in Carpentersville for Illinois-based Children’s Home + Aid, a nonprofit agency. Situated on seven acres at 229 Lake Marian Road, the 27,000-square-foot facility features 15 classrooms, a gross motor room, associated administrative and support spaces, a full-service kitchen and laundry room, as well as an outdoor play area for the students. The new facility replaces the Tom Thumb Community Childcare Center, but continues to serve at-risk children and families. Additionally, the facility is seeking LEED Gold certification from the U.S. Green Building Council. Leopardo served as general contractor and Designhaus Inc. provided architectural services for the project.

May 22, 2015

Industrial Kansas Midwest

Colliers Brokers Acquisition of 61,812 SF Industrial Building in Kansas

by Amy Works May 22, 2015

TOPEKA, KAN. — Colliers has brokered the acquisition of an industrial building located at 3740 SE South Park Ave. in Topeka. Harvesters – The Community Food Network purchased the property from Lindemuth Inc. for an undisclosed price. Allison Vance Moore and Kirsten Flory of Colliers represented the buyer in the transaction. The seller was not represented.

May 22, 2015

Loans Michigan Midwest Multifamily

Bernard Financial Group Arranges $1.1M Loan for Multifamily Property in Michigan

by Amy Works May 22, 2015

DAVISON, MICH. — Bernard Financial Group has arranged a $1.1 million loan for Rising Estates, a multifamily property in Davison. The borrower is Rising Estate LLC. Dave Dismondy of Bernard Financial originated the loan, which was provided by Assurity Life Insurance Co.

May 22, 2015

Miami Beach Convention Headquarter Hotel

Florida Hospitality Southeast

City of Miami Beach Selects Portman Holdings to Develop $405M Convention HQ Hotel

by John Nelson May 22, 2015

MIAMI BEACH, FLA. — The city of Miami Beach commission has selected developer Portman Holdings and architect John Portman & Associates to develop and design the $405 million Miami Beach Convention Headquarter Hotel. The selection allows for the city manager to negotiate the terms of the development and ground lease for the hotel. The 800-room hotel will feature several pools, a fitness center, spa, business center and multiple food and beverage outlets, including a café, full-service restaurant and rooftop lounge. Another feature of the hotel is a grand welcoming gateway at the main intersection of 17th Street and Convention Center Drive. The hotel development will not use any taxpayer dollars — Portman’s plan is 100 percent privately funded with both debt and equity sources. The design team includes local architect Revuelta Architecture International and landscape architect West 8.

May 22, 2015

Multifamily South Carolina Southeast

Proffitt Dixon Partners to Break Ground on Apartment Community in Greenville

by John Nelson May 22, 2015

GREENVILLE, S.C. — Proffitt Dixon Partners plans to break ground this month on Fountains Greenville, a 201-unit luxury apartment community in Greenville. The new five-story community will be located on a 2.5-acre site at 210 E. Broad St., within walking distance of Greenville’s central business district and the Swamp Rabbit Trail. Upon completion in the fall of 2016, the property will feature a clubhouse, courtyards, pool and a fitness center. The design team includes architect The Housing Studio and general contractor Creative Builders Group. Fountains Greenville is Proffitt Dixon’s first development in South Carolina.

May 22, 2015

Georgia Industrial Southeast

CenterPoint Properties to Build New Spec Industrial Facility in Savannah

by John Nelson May 22, 2015

SAVANNAH, GA. — CenterPoint Properties will break ground on a new 315,810-square-foot speculative industrial facility in Savannah. The new development will be located within CenterPoint Intermodal Center-Savannah on a 26-acre lot with direct access to the Georgia Port Authority and NS Dillard Yard, as well as direct rail service from Norfolk Southern. John Neely of Colliers International will market the property.

May 22, 2015

Florida Retail Southeast

Marcus & Millichap Brokers $9.1M Sale of Doral Shopping Center

by John Nelson May 22, 2015

DORAL, FLA. — Marcus & Millichap has brokered the $9.1 million sale of Doral Signature Shops, an 11,110-square-foot retail property located at 11401 N.W. 41st St. in Doral. The property’s tenant roster includes Starbuck’s Coffee, Mercantile Commerce Bank and Graziano’s. Scott Sandelin and Edward Romo of Marcus & Millichap’s Miami office represented the seller, a partnership between local developers Gadinsky Real Estate and Armando Codina. The buyer was a limited liability company based in Miami.

May 22, 2015

District of Columbia Mixed-Use Southeast

D.C. Waterfront Development Adds Nine New Retailers, Restaurants

by John Nelson May 22, 2015

WASHINGTON, D.C. — National Harbor, a waterfront retail destination in Washington, D.C., has announced nine new retailers and restaurants now open or coming to the development. The stores and restaurants include Granite City Food & Brewery, Betty, SUCCOTASH, Chipotle Mexican Grill, Starbucks Coffee, Savannah’s Candy Kitchen, Marbles | The Brain Store, The Esplanade, Boating in D.C. and Pinkberry’s. Additionally, a new 190-room AC Hotel by Marriott recently opened at National Harbor, as well as a 262-unit luxury apartment community known as The Esplanade. The 350-acre National Harbor boasts 3,000 hotel rooms including the Gaylord National Resort & Convention Center, 150 stores including Tanger Outlets, and 30-plus restaurants, hundreds of residential and office units, tree-lined promenades and a marina. It is also home to The Capital Wheel, a 180-foot observation wheel overlooking the Washington, D.C., skyline. Additionally, in 2016 MGM Resorts International will open a $925 million casino complex on 23 acres with a 300-suite hotel.

May 22, 2015

Multifamily New York Northeast

Joint Venture to Convert Elementary School to Multifamily Property in Averill Park

by Amy Works May 22, 2015

AVERILL PARK, N.Y. — A joint venture between Sunrise Management & Consulting, Robert Bucher Architects and JPM Contractors is converting Sand Lake Elementary School into a Homeroom Lofts, a 31-unit apartment community in Averill Park. Built in 1929, the converted property will combine original detail and modern amenities, including sliding glass wall systems to maximize space and natural light, stainless steel appliances, stone countertops, sophisticated glass and ceramic tile bathrooms and solar shade window treatments. Community amenities will include a garden, courtyard terrace and 1.75 acres of green space. Homeroom Lofts is the first development project for the joint venture.

May 22, 2015

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