SOUTHLAKE, TEXAS — Educational consulting firm Frog Street Press has signed a 28,390-square-foot industrial lease at Southlake Business Park near Fort Worth. Matt Carthey, George Jennings and Hogan Harrison with Holt Lunsford Commercial represented the owner, Frontier Equity, in the lease negotiations. Steve Schrum with Glacier Commercial represented the tenant.
FRISCO, TEXAS — General contractor Adolfson & Peterson has broken ground on the new headquarters building in Frisco for the PGA of America, which is relocating to the northern Dallas suburb from South Florida. The 106,622-square-foot building will be situated on 6.2 acres within the new 660-acre campus, which will also include two golf courses, a 500-room Omni hotel and a golf entertainment district. Architecture firm Page designed the building, which will initially house about 150 employees, and Cushman & Wakefield is managing the construction team on behalf of PGA of America. The new headquarters campus is expected to come on line during the first quarter of 2022. The PGA of America is an organization of about 29,000 members dedicated to elevating the standards of and growing interest in golf.
SOUTHLAKE, TEXAS — RREAF Holdings is nearing completion of a 240-room Delta by Marriott hotel in the Fort Worth suburb of Southlake, with an expected opening date of mid-November. Hotel amenities will include a grab-and-go food market, a 24-hour pantry, fitness center, outdoor pool and lounge area and an onsite restaurant and bar. The 10-story building will also feature 10,000 square feet of meeting and event space. Aimbridge Hospitality will manage the property.
KYLE, TEXAS — Lowe’s has signed a lease to open a 120,000-square-foot distribution center at Kyle Crossing Business Park, a 40-acre development located about 20 miles south of downtown Austin. Lowe’s will occupy approximately 60 percent of Building 1 at 1980 Kohlers Crossing, adjacent to the nearly 308,000-square-foot facility that was leased by Amazon in July. California-based Majestic Realty owns Kyle Crossing Business Park.
AUSTIN, TEXAS — Locally based investment and development firm Manifold Real Estate has broken ground on a 45,600-square-foot office project at 1608 W. 5th St. in Austin. Designed by Studio8 Architects, the three-story, Class A project includes three levels of underground parking and is 75 percent preleased. Zapalac/Reed Construction Co. is the general contractor. Construction is expected to last about 14 months.
WACO, TEXAS — Hunt Capital Partners, in collaboration with co-developers Mears Development & Construction Inc. and Harris284 Team Inc., has raised $11 million in low-income housing tax credit (LIHTC) financing for the construction of Residences at Lake Waco in Waco. Designed for seniors 55 and older, the new development will feature 11 market-rate and 79 LIHTC units set aside for households earning up to 30, 50 and 60 percent of the area median income. Crossroads Housing Development Corp. is the general contractor, and Brownstone Architects & Planners Inc. is the project architect. Construction of the development began in August 2020 and is scheduled for completion in January 2022.
FORT WORTH, TEXAS — Dallas-based apartment developer Lang Partners has completed The Cooper, a $65 million, 390-unit apartment project located at 1001 W. Rosedale St. in Fort Worth’s Near Southside district. The Cooper features a mix of one-, two- and three-bedroom units ranging in size from 540 to 1,810 square feet, with rents starting at $1,200 per month for a one-bedroom unit. Amenities include a pool, outdoor grilling areas, a fitness center with a yoga studio, pet park, coworking office space and a media center. GFF designed the project, and KWA Construction served as the general contractor.
FORT WORTH, TEXAS — Locally based developer Jackson-Shaw has opened the 252-room AC Hotel by Marriott in downtown Fort Worth. Designed by Merriman Anderson/Architects, the 16-story building is located near Sundance Square at the corner of Main and Fifth streets. The property features an AC lounge that offers a full bar that also serves small plates, as well as a 24-hour wellness center, coffee shop and a European-style breakfast. Austin Commercial served as the general contractor for the project.
OKLAHOMA CITY — Hines, in partnership with Humphreys Capital, has broken ground on a 326-unit luxury multifamily project within the Classen Curve development in the Nichols Hills submarket of Oklahoma City. The community will offer one, two- and three-bedroom units and amenities such as a pool, fitness center, clubroom, library, dog run and outdoor courtyards. Dwell Design Studio is the project architect. The first units are expected to be available for occupancy in early 2022.
EL PASO, TEXAS — W. Silver Recycling, a privately owned firm specializing in industrial waste management, has purchased the 15th floor of WestStar Tower, a new 264,000-square-foot office building in El Paso that is nearing completion. The space will serve as the company’s new headquarters and will house more than 100 employees. W. Silver operates 11 recycling sites along the United States-Mexico border. Hunt Cos. and WestStar are the developers of the building.