Tuesday, August 25, 2026
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DevelopmentMixed-UseSoutheastTennessee

Urban Story Ventures, Hill Partners to Develop $350M Mixed-Use District at The Bend in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — A partnership between Urban Story Ventures and Hill Partners has announced plans for a new $350 million retail and residential district at The Bend, a 120-acre mixed-use redevelopment in downtown Chattanooga. Situated along “the bend” in the Tennessee River, the new district will feature an open-air layout and comprise restaurants, shops, service retailers, offices and residences. Perkins&Will is providing the master plan design based off Urban Story Ventures’ vision for the project. According to Urban Story Ventures, existing developments that have inspired the design behind the new retail and residential district at The Bend include The Wharf in Washington, D.C., and Biltmore Village in Asheville, N.C. Other aspects of The Bend include a $300 million amphitheater being developed by Venu Holding Corp., which is planning to complete the venue by late 2028. Construction of the new district is expected to begin next year, with an anticipated completion timeline of the fall of 2028, subject to the timing of preleasing.

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DevelopmentFloridaMixed-UseMultifamilySoutheast

FRP, Woodfield Begin Vertical Construction on Mixed-Use Development in Southwest Florida

by John Nelson

ESTERO, FLA. — FRP Development Corp. and Woodfield Development have begun vertical construction on a mixed-use development underway in Estero, an incorporated village in Southwest Florida’s Lee County. Phase I of the development will include 296 apartments in three- and four-story residential buildings, as well as 30,000 square feet of retail space and amenities including a resort-style pool, gaming lounge, coworking facilities, fitness center and a sky lounge. The co-developers expect tenants to begin moving in by third-quarter 2027. Additionally, FRP and Woodfield recently secured an $81.5 million construction loan from Santander Bank for the yet-to-be-named development. Located at 23281 Lyden Drive, the development will offer 600 apartments, 80,000 square feet of retail space, 20,000 square feet of offices and a boutique 190-room hotel at full completion. The design-build team includes Brooks & Freud (general contractor), Humphreys & Partners Architects (architect) and ID & Design International (interior designer).

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DevelopmentFloridaSeniors HousingSoutheast

ANF Tops Out Luxury Seniors Housing Community in Delray Beach, Florida

by John Nelson

DELRAY BEACH, FLA. — Construction and development firm ANF Group Inc. has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in South Florida’s Palm Beach County. Beztak is the developer. Located at 15650 Lyons Road in Delray Beach, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center. Completion of All Seasons Delray is scheduled for the first quarter of 2028. Construction on the community began in late 2025.

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IndustrialLeasing ActivitySoutheastVirginia

Cooking Oil Importer Signs 100,002 SF Industrial Lease in Chesapeake, Virginia

by John Nelson

CHESAPEAKE, VA. — Ciuti International LLC, a specialty cooking oil importer and packager, has signed a 100,002-square-foot industrial lease at Diamond Hill III, a facility located at 1960 Diamond Hill Road in Chesapeake. Situated about six miles south of the Port of Virginia, the property will house the first Virginia operation for Ciuti. Brett Sain of Cushman & Wakefield | Thalhimer represented the tenant in the lease negotiations. Christine Kaempfe, Ellis Colthorpe and Geoff Poston, also with Thalhimer, represented the undisclosed landlord.

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DevelopmentFeaturesFloridaSeniors HousingSoutheastSoutheast Feature Archive

What’s Changing in Senior Living Sector, And What Does It Mean for Construction?

by John Nelson

Senior living has changed a lot in the past five or six years. The shift  was underway before the pandemic, but it has accelerated recently. Now, there is a clear move away from institutional designs toward communities that feel more like hotels, with a focus on wellness, flexibility and the resident experience. The way spaces are designed has changed as well. In the past, facilities had large, central common areas. Now, layouts focus on flexible use and smaller, spread-out gathering spaces. There is also more focus on connecting with the outdoors, so courtyards, walking paths and shaded seating are now standard. Industry research shows that spaces that support social engagement and health are important, which is guiding how buildings are now designed and built. We have seen these changes firsthand through our work across the senior living sector. ANF recently completed Wellspring Apartments in Miami, a complex that reflects the growing need for well-located, intentionally designed housing for older adults. We are also building All Seasons Delray Beach for Beztak, a luxury senior living community centered on hospitality, lifestyle and elevated amenities. In Pembroke Pines, we are completing the final phase of Douglas Gardens for McDowell Housing Partners and Miami …

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DevelopmentIndustrialLouisianaSoutheast

Amazon to Invest $6B to Build New Data Center Campus in Shreveport, Louisiana

by Abby Cox

SHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center. The data center, which will be located at Resilient Technology Park in Shreveport, is expected to create 210 direct jobs and 499 indirect jobs. This expansion marks the third data center planned in the state, bringing Amazon’s data center investment in Louisiana to $18 billion. The announcement comes less than six months after its initial $12 billion investment in February. Amazon will continue to partner with STACK Infrastructure, the developer and owner of the three planned campuses, to lead the construction and development of the data center facilities.  The data centers in Louisiana are expected to rely on air cooling for most of the year, using water for cooling only when temperatures exceed approximately 85 degrees Fahrenheit —which is anticipated to occur less than 13 percent of the year in the region. Amazon also plans to invest up to $400 million in public water infrastructure to support all three campuses and has coordinated with local utilities to ensure sufficient capacity for both its facilities and existing customers. The company says it will fund all water and wastewater …

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The-Melrose
AcquisitionsLouisianaMultifamilySoutheast

Marcus & Millichap Arranges Sale of Two Louisiana Multifamily Properties Totaling 462 Units

by Abby Cox

BATON ROUGE AND NATCHITOCHES, LA. — Marcus & Millichap has arranged the sale of two multifamily properties totaling 462 units in Louisiana: Magnolia Trace in Baton Rouge and The Melrose in Natchitoches. John Hamilton and Jessica Thompson of Marcus & Millichap marketed the properties on behalf of the undisclosed sellers. Further details of the transaction were also not disclosed. Situated near Louisiana State University (LSU), Magnolia Trace spans 36 residential buildings and features 246 apartments in one-, two- and three-bedroom floorplans. Built in 1975 and renovated in 2025, recent improvements at the property include full roof replacements, façade rehabilitation and interior/exterior infrastructure upgrades. The property includes a swimming pool, leasing office and laundry center. Located adjacent to Northwestern State University’s campus, The Melrose was built in 1973 and comprises 216 apartments that range in layouts from one- to three-bedrooms. Amenities include a swimming pool, fitness center, laundry facilities and walking/biking trails. Recent improvements at the complex include a full roof replacement, HVAC replacements, pool upgrades and new flooring.

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Castille-at-Carrillon
AcquisitionsFloridaOfficeSoutheast

Foundry Commercial Negotiates Sale of 104,897 SF Office Complex in St. Petersburg, Florida

by Abby Cox

ST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa. Joe Chick, Christine Mansour and Chris DeMartino of Foundry Commercial represented the seller, a joint venture between Feldman Equities and Tower Realty Partners, in the transaction. ESN Group LLC acquired the property for an undisclosed price. Situated within the Carillon Park mixed-use business park, Castille at Carillon spans 104,897 square feet and was 93 percent leased at the time of sale to 21 tenants. The property features an average tenant suite size of roughly 4,100 square feet and a two-level parking garage with more than 400 spaces. Previous ownership invested more than $1.8 million in capital improvements since 2020, including renovations to the lobbies, restrooms and common areas, HVAC upgrades and parking garage improvements.

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lakeview-at-nomi
DevelopmentFloridaLeasing ActivityMultifamilySoutheast

Integra Investments, City of North Miami Begin Preleasing for 342-Unit Mixed-Income Apartment Complex

by Abby Cox

NORTH MIAMI, FLA — Integra Investments, in partnership with the City of North Miami Community Redevelopment Agency (CRA), has begun preleasing for Lakeview at Nomi, a 342-unit mixed-income apartment complex located in North Miami. Move-ins are expected to begin in November. The seven-story building features 34 units reserved for residents earning 60, 70 and 80 percent the of the area median income (AMI), and the remaining units will be reserved for residents earning up to 120 percent of the AMI. Lakeview at Nomi features one-, two- and three-bedroom floorplans, as well as select floorplans with dens and four live-work residences. Apartments range in size from 605 to 1,245 square feet, while live-work units span approximately 1,280 to 1,915 square feet. Amenities at the complex will include a resort-style swimming pool and pool deck with a summer kitchen; fitness center; dedicated coworking space; central courtyard; clubhouse that features a lounge and coffee bar; playground; enclosed dog park; and a 528-foot linear park. The project team for Lakeview at Nomi includes Anillo Toledo Lopez Architecture (architect); Integra Build, Integra Investments’ in-house construction arm (general contractor); ID & Design International (interior designer); Valentina Interior Design (art curation); and EGS2 (landscape architect). In addition, TRG Management will lead leasing and property …

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IndustrialMarket ReportsSoutheastSoutheast Market ReportsVirginia

Richmond Industrial Real Estate: A Market Maturing Into Its Next Phase

by John Nelson

Richmond’s industrial real estate market has changed considerably over the past several years. What was once a relatively quiet Mid-Atlantic logistics market became one of the country’s most competitive industrial markets during the pandemic. Record leasing activity, limited availability and rapidly rising rents attracted developers and institutional capital from across the country. Today, the market is more balanced — and, in my opinion, healthier. The fundamentals remain strong, but the days of putting a sign on a warehouse and watching tenants compete for the space are behind us. For owners, developers and investors, success in Richmond’s industrial market now requires a much closer look at location, building functionality, basis and tenant demand. The numbers tell the story. Richmond entered the second half of 2026 with an industrial vacancy rate of approximately 5.5 percent, according to CBRE, while the market posted positive net absorption of 136,000 square feet during the second quarter. Average asking rents reached $8.86 per square foot, up 2.4 percent from the prior quarter. At the same time, the development pipeline has grown to approximately 12.6 million square feet under construction, of which approximately 3.9 million are speculative projects. That amount of new supply deserves attention. Richmond has …

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