AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a self-storage development site that is located about 6.5 miles south of downtown Austin. The site spans 3.5 acres and can support the development of a facility with up to 73,263 net rentable square feet of space across 786 units. Brian Kelly, Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap represented the seller, an undisclosed limited liability company, in the transaction. The buyer was also not disclosed. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.
HOUSTON — FTK Construction Services has launched a $12.6 million renovation of Brookside Gardens Apartments, a 240-unit affordable housing complex in South Houston that was built in 2006. Interior renovations will include new paint, flooring, door hardware, plumbing fixtures, light fixtures and HVAC systems. Exterior renovations will include upgraded walkways, parking areas, lighting, signage and roofs on all buildings. DevCo Residential Group owns the three-story building, income restrictions within which were not disclosed. KeyBank provided construction financing.
ALLEN, TEXAS — Chicken N Pickle, a Kansas City-based concept that combines dining with pickleball and other outdoor games, has broken ground on a 43,000-square-foot restaurant and entertainment venue in the northeastern Dallas suburb of Allen. The venue is located at The Farm, a 135-acre mixed-use development by JaRyCo. The opening is slated for early 2025. Chicken N Pickle also has locations in the Dallas-Fort Worth metros of Grand Prairie and Grapevine, as well as San Antonio, and will open its facility at Webster, a southwestern suburb of Houston, later this month.
LAREDO, TEXAS — A joint venture between Connecticut-based Grandview Partners and Chicago-based Brennan Investment Group will develop a 393,796-square-foot industrial project in the Rio Grande Valley city of Laredo. The site spans 24 acres within the 1,390-acre Pinnacle Industry Center development. Building features will include 32-foot clear heights, 195-foot truck court depths and parking for 152 cars and 199 trailers. Construction is expected to begin in the coming weeks and to last about 12 months.
HOUSTON — International developer Skanska has completed construction on 1550 on the Green, a 375,000-square-foot office building in downtown Houston. Bjarke Ingels Group designed the 28-story building, which Skanska broke ground in June 2021 and topped out last February. Amenities include multiple indoor and outdoor terraces overlooking Discovery Green park, a 9,400-square-foot rooftop event space, a fitness center with space for private classes and 7,000 square feet of ground-floor retail space.
ROUND ROCK, TEXAS — The City of Round Rock, located north of Austin, will renovate the 35,000-square-foot former library building in the downtown area. The project team will relocate office zones toward the east side of the building to utilize existing windows and create a more public face for tenants. The project also includes a redesign of the public paseo that connects to the building. McKinney York Architects is designing the project, and Braun & Butler Construction is serving as the general contractor. Construction is scheduled to begin in May.
KATY, TEXAS — Three new tenants have opened stores at LaCenterra at Cinco Ranch in the western Houston suburb of Katy. Athleisure provider lululemon has opened a 4,133-square-foot store next to Sephora, and South African restaurant concept Nando’s has also debuted its 2,754-square-foot eatery next to Jamba Juice. Lastly, apparel and accessories retailer Two Tarts’ Toppers has opened a 1,113-square-foot store next to CycleBar and across from Bar Louie. Poag Development Group owns LaCenterra at Cinco Ranch.
HOUSTON — Displayco USA, a provider of supplies for trade shows and custom exhibits, has signed a 17,055-square-foot industrial lease at 9350 Baythorne Drive in northwest Houston. Jon Michael and Ed Bane of Bridge Commercial Real Estate represented the landlord, TIAA, in the lease negotiations. George Montes of Cypressbrook Co. represented Displayco.
ROCKVILLE, MD. — Choice Hotels International, a Maryland-based operator, will open five hotels under its EverHome Suites brand in Texas throughout the course of 2025. Denver-based HighSide Cos. is developing all of the hotels, which will be located in Amarillo, Bastrop, Brownsville, El Paso and Waco. Choice Hotels will retain full ownership of the Bastrop property. Construction is underway on all five hotels, each of which will have between 114 and 122 apartment-style rooms that will feature fully equipped kitchens, spa-style bathrooms and both open and closed storage spaces.
MCALLEN, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 762-unit self-storage facility in the Rio Grande Valley city of McAllen. The site on South McColl Road spans roughly two acres, and the building will rise three stories and house 85,825 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer Halff, general contractor Independent Contractors and construction lender Security State Bank. Completion is slated for the first quarter of 2025. The project marks the fourth self-storage collaboration between the two firms, with the most recent project, an 802-unit facility also in McAllen, beginning in early 2023.