development1

GenCap Partners Breaks Ground on 372-Unit Multifamily Project in San Antonio

by Taylor Williams May 30, 2023

SAN ANTONIO — Dallas-based GenCap Partners has broken ground on a 372-unit multifamily project on a 16-acre site in the Westover Hills area of San Antonio. The garden-style community will offer studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, conference rooms, coffee bar, outdoor grilling and dining areas and two dog parks. GenCap Partners is developing the property in partnership with International Development. Dwell Design Studio is the project architect, and Rampart Multifamily is the general contractor. Completion is slated for early 2025.

May 30, 2023

Development Multifamily New York Northeast

LCOR Tops Out 463-Unit Multifamily Project on Coney Island

by Taylor Williams May 30, 2023

NEW YORK CITY — Locally based developer LCOR has topped out 1515 Surf Avenue, a 463-unit multifamily project in Brooklyn’s Coney Island area. Designed by STUDIO V Architecture, the building will offer one- and two-bedroom units and amenities such as an outdoor pool, landscaped courtyard, fitness center, an indoor basketball court, multiple tenant lounges and coworking spaces. Approximately 30 percent (139) of the residences will be reserved as affordable housing. The building will also house 11,000 square feet of retail space. LRC Construction is the general contractor for the project, completion of which is slated for early 2024.

May 30, 2023

50-Robert-Milligan-Parkway-Merrimack-New-Hampshire

Development Industrial New Hampshire Northeast

Trammell Crow, Diamond Realty Break Ground on 323,750 SF Industrial Project in New Hampshire

by Taylor Williams May 30, 2023

MERRIMACK, N.H. — A partnership between Dallas-based Trammell Crow Co. and Diamond Realty Investments has broken ground on a 323,750-square-foot industrial project in Merrimack, located in southern New Hampshire. The site at 50 Robert Milligan Parkway spans 43 acres. Building features will include a clear height of 36 feet, 53 dock-high doors, an ESFR sprinkler system and 2,000 square feet of office space. Macgregor Associates designed the project, and RC Anderson and Bohler are serving as the general contractor and civil engineer, respectively. Santander Bank provided construction financing, and CBRE is the leasing agent. Completion is slated for the fourth quarter.

May 30, 2023

Development Multifamily Texas

OHT Partners Breaks Ground on 359-Unit Lenox Heights Apartments in Houston

by Taylor Williams May 26, 2023

HOUSTON — Austin-based developer OHT Partners has broken ground on Lenox Heights, a five-story, 359-unit multifamily project in Houston’s Heights neighborhood. Units will come in one- and two-bedroom floor plans and will range in size from 629 to 1,247 square feet. Residences will be furnished with stainless steel appliances, quartz countertops and various pieces of smart technology. Amenities will include two pools, a fitness center, coworking lounge, clubhouse and a pet spa. Steinberg Dickey Collaborative is the project architect. Completion is slated for early 2025.

May 26, 2023

Development Industrial New York Northeast

Bristol Group Nears Completion of 178,124 SF Spec Industrial Project on Long Island

by Taylor Williams May 26, 2023

COMMACK, N.Y. — San Francisco-based developer Bristol Group is nearing completion of a 178,124-square-foot speculative industrial project in the Long Island community of Commack. The property features a clear height of 36 feet, 31 dock-high loading doors, two drive-in ramps, 205 car parking spaces and 16 trailer parking stalls. The site can also support future expansion or additional parking requirements. Full delivery is slated for June. JLL is marketing the property for lease.

May 26, 2023

Development Office Texas

Fortis Property Group to Renovate, Rebrand 55-Story Office Building in Downtown Dallas

by Taylor Williams May 25, 2023

DALLAS — New York-based Fortis Property Group will renovate and rebrand Chase Tower, a 55-story, 1.2 million-square-foot office building located at 2200 Ross Ave. in downtown Dallas. The centerpiece of the project will be the reimagining of the lobby, including the installation of a new art gallery with pieces by local artists. New lighting and flooring will accentuate the artwork, and ownership will also upgrade the elevator cabs. Lastly, Fortis will rebrand the property as Dallas Arts Tower and add two new food-and-beverage concepts, a café and a Greek restaurant. Stream Realty Partners leases the building. CBRE represented the restaurant operator, Milkshake Concepts, in its negotiations to lease the lobby space.

May 25, 2023

Development Multifamily New Jersey Northeast

KRE Group, NREA Top Out 60-Story Apartment Tower in Jersey City

by Taylor Williams May 25, 2023

JERSEY CITY, N.J. — A partnership between locally based developer KRE Group and National Real Estate Advisors has topped out the third and final tower at Journal Squared, a multifamily development in Jersey City. Designed by Hollwich Kushner and Handel Architects and built by AJD Construction, the newest tower rises 639 feet and will house 598 units and 18,000 square feet of amenity space. The other two towers rise 53 and 70 stories, and the entire development will eventually consist of 1,840 apartments and 36,000 square feet of commercial space. Completion of the third tower is slated for the first quarter of 2024.

May 25, 2023

Development Multifamily Northeast Pennsylvania

LCOR Begins Leasing 267-Unit Apartment Building in Philadelphia

by Taylor Williams May 24, 2023

PHILADELPHIA — LCOR, a developer with three offices in the Mid-Atlantic region, has begun leasing The Ryland, a 267-unit apartment building in Philadelphia’s Society Hill neighborhood. The 31-story building’s unit mix comprises 44 studios, 154 one-bedroom units, 44 two-bedroom apartments and 25 penthouses with private outdoor spaces. Amenities include a fitness center and yoga studio, piano lounge, private coworking space, chef’s kitchen and a children’s playroom. Move-ins will begin in late summer, and full completion is slated for the fall. Rents start at roughly $2,000 per month for a studio apartment.

May 24, 2023

Build-to-Rent Development Single-Family Rental Texas

Clay Residential Breaks Ground on 368-Unit Single-Family Rental Project in Metro Houston

by Taylor Williams May 23, 2023

CYPRESS, TEXAS — Clay Residential, an affiliate of locally based firm Clay Development, has broken ground on Willow at Marvida, a 368-unit single-family rental project in the northwestern Houston suburb of Cypress. The site is located within Marvida, an 856-acre master-planned community by Land Tejas. The development will consist of 134 detached homes and 234 attached villas. Residences will feature three-, four- and five-bedroom floor plans, will range in size from 1,382 to 2,900 square feet and will have fenced-in backyards. Residents will have access to Marvida’s amenity center, which is under construction and will ultimately house a pool, clubhouse, fitness center, playground and a dog park. Full completion is slated for 2026.

May 23, 2023

Granite-Woods-Commerce-Center-Hooksett-New-Hampshire

Development Industrial New Hampshire Northeast

Port One Underway on 500,000 SF Spec Industrial Project in Hooksett, New Hampshire

by Taylor Williams May 23, 2023

HOOKSETT, N.H. — Boston-based developer Port One Cos. is underway on construction of Granite Woods Commerce Center, a 500,000-square-foot speculative industrial project located at 47 Hackett Hill Road in the southern New Hampshire city of Hooksett. The property will feature a clear height of 36 feet, 403 parking stalls, 86 trailer parking stalls, 67 loading docks with 53 future dock positions, two drive-in doors and build-to-suit office space. Completion is slated for early next year. Newmark has been retained to market the property for lease.

May 23, 2023

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