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Magnolia-Village
DevelopmentMixed-UseTexas

Gulf Coast Commercial to Begin Sitework Next Month on 60-Acre Mixed-Use Project in Metro Houston

by Taylor Williams

MAGNOLIA, TEXAS — Houston-based Gulf Coast Commercial will begin sitework next month on the initial phase of Magnolia Village, a 60-acre mixed-use project that will be located on the northwestern outskirts of Houston. The site is located across from Stratus Properties’ 120-acre Magnolia Place development, where a new H-E-B grocery store is under construction. Phase I will encompass 36 acres and three retail buildings totaling 10,000 square feet each, as well as 300 multifamily units on nearly 12 acres that will be developed by Trammell Crow Residential. Magnolia Village will feature residential, office, retail and restaurant uses at full buildout.  

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210-S.-12th-St.-Philadelphia
DevelopmentMultifamilyNortheastPennsylvania

Midwood Breaks Ground on 32-Story Apartment Tower in Philadelphia

by Taylor Williams

PHILADELPHIA — New York City-based Midwood Investments & Development has broken ground on a 32-story apartment tower at 210 S. 12th St. in Philadelphia’s Washington Square neighborhood. The property will consist of 378 apartments and two floors of retail space totaling approximately 17,000 square feet. Residential amenities will include a pool with a sundeck, fitness center with a yoga studio, rooftop terrace with private event space, a game room, lounge and conference facilities. London-based Rogers Stirk Harbour + Partners and BLT Architects are designing the project. Specific floor plans and a tentative construction completion date were not disclosed.

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CertainTeed
DevelopmentIndustrialNorth CarolinaSoutheast

Roofing Manufacturer CertainTeed Plans $118M Expansion of Plant in Oxford, North Carolina

by Julia Sanders

OXFORD, N.C. — Malvern, Pa.-based CertainTeed LLC, the building products subsidiary of Saint-Gobain, has plans to invest $118.8 million over the next five years to expand its roofing shingle manufacturing facility in Oxford. The CertainTeed Oxford plant, which began operations in 1978, is already one of the largest roofing shingle manufacturing sites in North America, sitting on 113 acres in Granville County. The project will add 225,000 square feet of manufacturing space to the campus and create at least 37 new full-time manufacturing jobs. The project is supported with $650,000 in reimbursement grants from the State of North Carolina, including funds from the One North Carolina Fund and a Rural Division Building Reuse Grant.

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The-Jefferson-Hackensack
DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Begins Leasing 377-Unit Apartment Complex in Hackensack, New Jersey

by Taylor Williams

HACKENSACK, N.J. — Locally based developer Garden Communities has begun leasing The Jefferson, a 377-unit apartment complex in the Northern New Jersey community of Hackensack. Designed by Minno & Wasko Architects & Planners, The Jefferson features one- and two-bedroom units ranging in size from 735 to 1,598 square feet. Residences are furnished with quartz countertops, custom cabinetry, individual washers and dryers and keyless entry mechanisms. Amenities include a pool, fitness center, private bowling alleys, a billiards and entertainment room, golf simulator, business center, children’s playroom, outdoor grilling and dining areas, meditation gardens and a dog park. Rents start at $2,240 per month for a one-bedroom unit.

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CaliforniaDevelopmentLife SciencesLoansWestern

Square Mile Capital Provides $118M in Development Financing for Life Sciences Development in San Carlos, California

by Amy Works

SAN CARLOS, CALIF. — Square Mile Capital Management has originated a $118 million loan to finance the development of 777 Industrial Road, a planned R&D and life sciences lab building in the Bay Area city of San Carlos. The borrower is a partnership managed by Presidio Bay Ventures, which purchased the former car dealership site in 2020. The project team plans to develop a four-story, 150,000-square-foot, Class A building on top of an existing parking podium at the site. The property will feature lab buildouts, a fitness center with full locker rooms, a 4,000-square-foot rooftop deck and ample outdoor seating. Jeff Wilcox of Gantry arranged the financing.

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DevelopmentIndianaMidwestMultifamily

Flaherty & Collins to Break Ground on $41M Luxury Apartment Project in Indiana

by Kristin Harlow

COLUMBUS, IND. — Flaherty & Collins Properties is scheduled to break ground this Thursday on The Taylor, a $41 million luxury apartment project in Columbus, about 45 miles south of Indianapolis. The Taylor will include 200 apartment units, space for a 10,000-square-foot grocery store and 400 parking spaces. Amenities will include a community lounge, tech lounge, fitness center, bike station, dog spa, bark park, pool and pickleball court. Flaherty & Collins Construction will serve as general contractor and American Structurepoint will serve as the architect and civil engineer. Lynch, Harrison & Brumleve is the structural engineer. Busey Bank is providing project financing. The first residents are slated to take occupancy in summer 2023, with full completion estimated for fall 2023.

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Cornerstone-Commerce-Park-San-Antonio
DevelopmentIndustrialTexas

VanTrust Real Estate to Develop 60-Acre Spec Industrial Project in San Antonio

by Taylor Williams

SAN ANTONIO — Kansas City-based VanTrust Real Estate will develop Cornerstone Commerce Park, a 60-acre speculative industrial project in northeast San Antonio. Phase I of the project, construction of which is slated to begin in July and to last about 12 months, will consist of two buildings totaling 413,173 square feet. VanTrust has also acquired land for the second phase, which could comprise up to four additional buildings totaling over 600,000 square feet. CBRE has been tapped to lease the development.

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Precision-Innovation-Park-Brookhaven-New-York
DevelopmentIndustrialNew YorkNortheast

AVR Realty, Scannell Properties to Develop 400,000 SF Spec Logistics Center on Long Island

by Taylor Williams

BROOKHAVEN, N.Y. — A joint venture between locally based developer AVR Realty Co. and Indianapolis-based Scannell Properties will develop Precision Innovation Park, a 400,000-square-foot speculative logistics center that will be located in the Long Island community of Brookhaven. The 150,000-square-foot Building 1 at Precision Innovation Park will feature a clear height of 36 feet, 28 dock doors, 28 trailer stalls and parking for 150 cars. The 250,000-square-foot Building 2 will have a clear height of 40 feet, 42 loading doors, 52 trailer stalls and parking for 250 vehicles. Both buildings will be outfitted with LED lighting with motion sensors and ESFR sprinkler systems. JLL has been tapped as the leasing agent. Completion is slated for early 2023.

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DevelopmentIllinoisMidwestMixed-Use

Partnership Unveils Plans for Mixed-Use Project in Chicago’s Streeterville Neighborhood

by Kristin Harlow

CHICAGO — A partnership between Mavrek Development, GW Properties and Luxury Living Chicago Realty has unveiled plans to develop a mixed-use project in Chicago’s Streeterville neighborhood. Plans call for 248 luxury apartment units, 40,000 square feet of office space and 8,000 square feet of retail space. Amenities will include a fitness center, outdoor pool, coworking lounge and package service. Both apartment renters and office tenants will have access to the amenities. The project will replace a parking garage. Demolition is expected to begin this summer with groundbreaking scheduled by the end of the year. The office portion is expected to be ready for tenant buildouts in the third quarter of 2023, with the residential units slated for completion in early 2024. NORR is the project architect.

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Rand-Whitney-Boylston-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

Rand-Whitney to Open 384,000 SF Packaging Facility in Boylston, Massachusetts

by Taylor Williams

BOYLSTON, MASS. — Rand-Whitney, a packaging company owned by New England Patriots owner Robert Kraft, will open a 384,000-square-foot industrial facility in Boylston, located in Worcester County in the central part of the state. Design-build firm PROCON broke ground on the project earlier this month. When fully operational in April 2023, the new packaging facility will have the potential to manufacture 300 million boxes annually and will add between 50 and 100 new jobs to the local economy.        

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