BELTON, TEXAS — Dallas-based Carbon Shepherd Development has completed a 66-unit multifamily project in Belton, located just outside Temple in Central Texas. The property, which is operated under the company’s Woodland Cottages brand, offers one- and two-bedroom units, with private balconies/patios and attached garages available in select residences. Amenities include a pool, fitness center, clubhouse with a game room and other recreational spaces. Rents start at $2,600 per month for a one-bedroom unit.
HOUSTON — Moelis & Co. will open a 30,400-square-foot office in downtown Houston. The space is located on the 22nd floor of the 47-story Texas Tower building, and the global investment bank plans to take occupancy in the fourth quarter of next year. David Guion and Chris Oliver of Cushman & Wakefield represented the tenant in the lease negotiations. Michael Anderson, also with Cushman & Wakefield, represented the landlord, a partnership between Hines, Ivanhoé Cambridge and an affiliate of global investor CDPQ.
FORT MYERS, FLA. — Lee Health has tapped Skanska USA Building to construct Lee Health Fort Myers, a new $435 million healthcare campus in southwest Florida. The project will be situated on 52 acres and will comprise a five-story, 416,000-square-foot hospital, 125,000-square-foot medical office building and an onsite central energy plant to ensure stable and efficient power supply. Designed by Flad Architects, the hospital will feature 10 operating rooms, up to 168 patient rooms and 44 emergency department beds. The medical office building will feature an ambulatory surgery center. The project will break ground on vertical construction in early 2025 with a scheduled completion in 2028.
GREENSBORO, N.C. — Berkadia has provided a $71.3 million Freddie Mac loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare originated the financing on behalf of the borrower, KISCO Senior Living. Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites.
CARROLLTON, GA. — Stratus Development Group has announced the redevelopment of The Shoppes at Rome, transforming the first ever retail center built in Carrollton. Situated about 50 miles west of Atlanta, the 40,000-square-foot retail project spans nearly three acres and a full city block. The historic property is located at 415 Rome St., one block from Adamson Square shops and restaurants. Max Albers of Atlanta-based Stratus Property Group is leading the leasing for the redevelopment, which aims to bring new retailers to downtown Carrollton and spur further development in the area. The City of Carrollton has recently unveiled more developments in the downtown district, including The Amp, a 1,000-seat amphitheater, multiple new breweries and events such as half-marathon runs and the “Taste of Carrollton.”
MIAMI BEACH, FLA. — Coworking operator Regus has signed a long-term lease for nearly 46,000 square feet in Miami Beach, committing to occupying an entire Class A, boutique office building. Set to move in before the end of the year, Regus will establish its third and largest space in the submarket at 429 Lenox, where the new location will operate under the firm’s Spaces brand. Designed by Miami-based architect Kobi Karp, the property features modern office spaces, a rooftop deck, an onsite parking garage and multiple signage opportunities. Stephen Rutchik and Ana Paula of Colliers’ South Florida office represented the landlord, Azora Exan, in the lease transaction. JLL’s Adam Bernstein represented Regus in the deal.
WEST PALM BEACH, FLA. — Marcus & Millichap has brokered the $10.1 million sale of the nearly 50,000-square-foot Cross County Plaza retail center in West Palm Beach. Located at 1922-1948 N. Military Trail, Cross County Plaza is fully occupied and anchored by national retailers including dd’s Discounts and K&G Fashion Superstore. The property is an outparcel to the larger Cross County Plaza shopping mall, which is situated near I-95 and Florida’s Turnpike. Tenants at the larger center include Presidente Supermarket, Ross Dress for Less, YouFit Gyms and Ollie’s Bargain Outlet. Douglas Mandel, Zach Levine and Josh Gilbert of Marcus & Millichap’s Fort Lauderdale office represented the seller in the transaction. Pliskin Realty was the buyer.
HANOVER, N.H. — Dartmouth College is underway on construction of a 285-bed student housing project at its campus in Hanover, located in the central part of the Granite State. The project is being developed solely by the school and will be located at 25 W. Wheelock St. The five-story structure will feature two-, three- and four-bedroom apartments with full kitchens, living rooms and storage spaces. Other project partners include architecture firm Cube 3 and design-build firm PROCON. Construction began in October and is expected to be complete in advance of the fall 2026 semester.
KANSAS CITY, MO. — OpenStore has selected the Kansas City market for its first-ever fulfillment center. The 113,000-square-foot facility is expected to create 46 new jobs and bring $2 million in new annual payroll to the region in the next five years. OpenStore is the largest operator of businesses on Shopify, distributing goods across a range of beauty, home goods, apparel and electronics. The Kansas City distribution center, located at Executive Park Logistics Center, represents a $5 million capital investment and positions OpenStore to provide faster and more efficient service to its growing portfolio of 40 e-commerce brands. The Miami-based e-commerce company says it selected Kansas City due to its central U.S. access point and its robust labor pool with distribution industry experience. The Kansas City region offers access to 90 percent of the contiguous U.S. in two days or less by truck. The Kansas City Area Development Council promotes the region’s business and lifestyle assets to companies and talent around the world.
CHICAGO — Skender has completed interior construction of the new 35,000-square-foot headquarters for architectural firm SCB in Chicago. The company relocated from 625 North Michigan to the historic AMA Plaza building, which was designed by famed architect Ludwig Mies van der Rohe. SCB designed its new space on the 25th floor that features a mix of open office, conference rooms, collaboration spaces, a café, library and private executive offices. The build-out also features a shop that enables the firm to create design models for client presentations. A custom 3D model wall in the lobby highlights SCB’s impact on the city’s skyline. The project team also included Syska Hennessy Group as the engineer and JLL as owner’s representative.