CHICAGO — The Shops at North Bridge will undergo a multi-million-dollar reinvestment that will reposition the Michigan Avenue property at the gateway to Chicago’s Magnificent Mile. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and dining. Construction is scheduled to begin this month, with retailers remaining open throughout the phased redevelopment process. The project cost is $40 million, according to Crain’s Chicago Business. At the center of the project is a transformation of the property’s Michigan Avenue entrance designed by ParkFowler Plus. A new glass façade will feature a large-format, backlit LED archway display with a digital art installation. Updated tenant signage and architectural enhancements will further elevate the property’s street presence, while Nordstrom’s flagship location will remain a central component of the design. The property’s secondary entrance at Grand Avenue and Rush Street will also undergo significant upgrades, including an additional digital display, enhanced lighting, modernized finishes, improved wayfinding and a more visible tenant directory. Inside, the central atrium will be transformed into a hospitality-driven gathering space anchored by a suspended sculptural installation and a future bar and lounge concept. As part of the broader repositioning efforts, a new merchandising …
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COLUMBUS, OHIO — The NRP Group has broken ground on OSU East, a 336-unit apartment development in Northwest Columbus. The project marks NRP Group’s first market-rate community in Columbus. The 27.5-acre development site on West Dublin Granville Road will also include 138 for-sale townhomes developed by M/I Homes of Central Ohio LLC. OSU East will consist of 11 three-story buildings with a mix of one-, two- and three-bedroom homes. An 11-foot-wide bike path will be installed along the project’s frontage in coordination with the city. Amenities will include a clubhouse, fitness center, business pod with coworking space, volleyball and bocce courts, an outdoor grill area, pool, courtyards and a package delivery room. PNC Bank provided financing for the project, and the City of Columbus served as a partner throughout the entitlement and development process.
KANSAS CITY, MO. — American House Senior Living Communities and Winterpast Capital Partners have acquired St. Anthony’s Senior Living, a 192-unit community in Kansas City. Helios Healthcare Advisors brokered the sale. Situated on a 4-acre campus in the Brookside neighborhood, the property consists of independent living units, assisted living units and memory care residences. Originally home to the Highland Tower medical office building, the property underwent a $40 million redevelopment beginning in 2019. The original structure was stripped to its steel and concrete frame and transformed into a nine-story independent living community, while a newly constructed assisted living and memory care building was completed adjacent to the tower in 2020. Following an initial opening during the pandemic and a challenging post-COVD lease-up, the seller retained a regional operator to manage the community in March 2024 with a mandate to improve operations, optimize expenses and accelerate occupancy growth.
JEFFERSONVILLE, IND. — Northmarq has arranged the sale of Jeff on 10th, a 190-unit multifamily property in Jeffersonville, a suburb of Louisville. Bobby Schiavone, Adam Klenk and Jordan Arand of Northmarq represented the seller, a regional multifamily developer. The buyer was S&S Properties Investment. Noah Juran and Brendan Barker of Northmarq arranged permanent fixed-rate financing on behalf of the buyer through the firm’s Fannie Mae DUS platform. The loan features a seven-year term. Built in 2022, Jeff on 10th offers a mix of studio, one- and two-bedroom units with amenities such as a pool, fitness center, outdoor grilling areas, fire pits, a conference center and pet spa.
AUSTIN, TEXAS — Canyon Creek Real Estate has acquired One Eleven Congress, a 533,711-square-foot office tower located in downtown Austin, for $208 million. Eastdil Secured Savills represented the seller, Atlanta-based Cousins Properties (NYSE: CUZ), in the transaction. “One Eleven Congress is a well-established and highly regarded property that provides Canyon Creek with an exceptional entry into the Austin market,” says Ron Welborn, partner at Canyon Creek. “We are excited to build upon the property’s strong reputation by enhancing the tenant experience and creating an environment that continues to meet the evolving needs of both existing and future tenants.” Built in 1987, One Eleven Congress is a 30-story building that’s situated at the gateway between Austin’s Central Business District and the Lady Bird Lake waterfront. According to the Austin Business Journal, the office tower was 84 percent leased as of June 2025, with tenants including RigUp, Disco, Husch Blackwell LLP and Wells Fargo. The building also features Fareground, a ground-floor food hall with restaurants such as Austin Rotisserie, Ciccio Bomba, Desnudo, Four Brothers and Taco Pegas, among others. ELM Restaurant Group managed Fareground upon its initial opening in January; Richard Sandoval Hospitality took over management after the September 2021 opening. Additional amenities …
HOUSTON — Stena Real Estate AB, the American ownership arm of Swedish investment company Stena Property, will renovate Woodbranch Plaza, a 580,558-square-foot office campus located in the Energy Corridor submarket of West Houston. Woodbranch Plaza is a four-building campus that offers amenities such as a fitness center, conference facilities and a deli. As part of the capital improvement program, ownership plans to activate additional shared amenity spaces and upgrade the lobby, common areas and restrooms, as well as enhance the landscaping and other outdoor green spaces. Stena, which has tapped Transwestern as the property’s new leasing agency, is also in the process of constructing speculative office suites.
DALLAS — Newmark has brokered the sale of Tollway Plaza, a 376,259-square-foot office campus located at 16000 Dallas Parkway in North Dallas. The campus comprises two eight-story buildings on a 7.4-acre site that were constructed in the late 1990s. The campus was 91 percent leased at the time of sale to a tenant roster with a weighted average remaining lease term of 5.5 years. Robert Hill, Gary Carr, Chris Murphy and Austin Sheahan of Newmark represented the seller, Buchanan Street Partners, in the deal. Chris McColpin, Nick Scribani, Clint Frease, Andrew Porteous and Josh Francis, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership led by Tourmaline Capital Partners.
HUTCHINS, TEXAS — Orlando-based owner-operator Foundry Commercial is underway on construction for Wintergreen Gardens, a 13-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. Wintergreen Yards will feature 9 acres of concrete-paved outdoor storage space along with two tilt-wall industrial buildings totaling 25,000 square feet. Construction began earlier this summer, and delivery is slated for the first quarter of 2027.
DALLAS — Lee & Associates has negotiated a 26,600-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the building at 616-626 W. Mockingbird Lane was completed in 1978 and totals 46,400 square feet. Stephen Williamson of Lee & Associates represented the landlord, Brookfield Asset Management, in the lease negotiations. Nick Melbye of NAI Robert Lynn represented the tenant, an entity doing business as Render Collective LLC.
ATLANTA — JLL’s National Seniors Housing Capital Markets team has brokered the $147 million sale of a five-property seniors housing portfolio in submarkets north of Atlanta. The properties include Brickmont at Woodstock in Woodstock, Brickmont at Acworth in Acworth, Brickmont at Johns Creek in Cumming, Brickmont at West Cobb in Marietta and Brickmont at Roswell in Alpharetta. The portfolio comprises 611 units and 701 beds of assisted living and memory care, as well as amenity packages including theaters, restaurant-style dining, bistros, bars, art studios, game rooms and landscaped courtyards. An institutional investor acquired the portfolio in an all-cash transaction from a joint venture between Centric Development and Sage Equities. Centric Development developed the properties between 2018 and 2022. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Tim Hosmer, Erik Von Hamm, Anthony Fertitta, Joel Mendes and Peter Yorck of JLL represented the seller in the transaction. The new ownership has retained Claiborne Senior Living to continue to operate the communities post-acquisition.