development1

Meridian Design Build Breaks Ground on 358,879 SF Spec Industrial Building in Chicago

by Kristin Harlow August 8, 2019

CHICAGO — Meridian Design Build has broken ground on a 358,879-square-foot speculative industrial building on behalf of NorthPoint Development in Chicago. The new facility will be situated on a 31.1-acre site at 12144 S. Ave. O on the city’s southeast side. Plans call for a clear height of 36 feet, four drive-in doors, 257 auto parking stalls, 106 trailer parking stalls and up to 92 loading docks. The project will be the first building in NorthPoint’s 200-acre Avenue O Industrial Park, a 2.3 million-square-foot master-planned development. The site was previously home to the Republic Steel mill. The project team includes StudioNorth Architecture and Jacob & Hefner Associates.

August 8, 2019

Matter-Logistics-West-Cheyenne-North-Las-Vegas-NV

Development Industrial Nevada Western

Matter Real Estate Group Breaks Ground on 725,000 SF Industrial Project in North Las Vegas

by Amy Works August 7, 2019

NORTH LAS VEGAS — Development firm Matter Real Estate Group has broken ground on Matter Logistics Center @ West Cheyenne, a light industrial and warehouse project at the northeast corner of West Cheyenne Avenue and Valley Drive in North Las Vegas. Slated for completion in February 2020, the $70 million, modern master-planned project spans more than 41 acres. Matter Logistics Center @ West Cheyenne will feature five buildings varying in scope and size offering warehouse, distribution, office and showroom space, as well as ample parking and trailer storage. Ranging from 11,000 square feet to 478,000 square feet, units will also feature ample dock and at-grade loading with 36-foot clear heights. The units will be available for sale, lease and build-to-suit, with Matter Real Estate Group offering customized build-outs.

August 7, 2019

Development Multifamily Texas

Stillwater Capital, Wexford Break Ground on 300-Unit Multifamily Project in Midland

by Taylor Williams August 7, 2019

MIDLAND, TEXAS — A partnership between Dallas-based Stillwater Capital Investments and affiliates of Connecticut-based Wexford Capital LP has broken ground on a 300-unit multifamily project in the West Texas city of Midland. Located in the Adobe Meadows area on the city’s north side, the property will offer a pool, grilling stations, a fitness center and a resident lounge. Units will feature stainless steel appliances, quartz countertops and custom cabinetry. Completion is scheduled for summer 2021, with the first units expected to be available for occupancy in spring 2021.

August 7, 2019

Development Multifamily Northeast Pennsylvania

Wolfson Group Breaks Ground on 420,000 SF Multifamily Property in Exton, Pennsylvania

by Alex Patton August 6, 2019

EXTON, PA. — Wolfson Group Inc., a Pennsylvania-based developer, has broken ground on Ashbridge, a 420,000-square-foot multifamily property in Exton, about 30 miles west of Philadelphia. The property comprises six buildings with 410 total units, including one-, two- and three-bedroom floor plans. The newly renovated Ashbridge House mansion, also on the property, will be utilized for amenities including a fitness center, lounge and event space. The architect is Philadelphia-based Bernardon. Bozzuto Group will manage the property, which is slated to open in spring 2020.

August 6, 2019

Development Multifamily Texas

High Street, Olympus Begin Construction on 383-Unit Multifamily Project in Metro Dallas

by Taylor Williams August 6, 2019

CARROLLTON, TEXAS — A partnership between High Street Residential, a subsidiary of Trammell Crow Co., and Fort Worth-based Olympus Property has begun construction on Olympus at Broadway, a 383-unit multifamily project in Carrollton. Situated on 5.1 acres, the property will feature one-, two- and three-bedroom units ranging in size from 474 to 1,540 square feet. Amenities will include a pool with sunbathing shelves, a conference room, business center, entertainment kitchen, a dog park, fitness center and a resident lounge. Preleasing will begin in September 2020. JHP Architecture is designing the project, and Andres Construction is the general contractor. Comerica Bank and Southside Bank are providing construction financing.

August 6, 2019

Crown-Centre-at-Castle-Hills-Lewisville-Texas

Development Office Texas

Bright Realty Breaks Ground on 109,000 SF Office Building in Greater Dallas

by Taylor Williams August 6, 2019

LEWISVILLE, TEXAS — Locally based developer Bright Realty has broken ground on Crown Centre at Castle Hills, a 109,000-square-foot office building located in the northern Dallas suburb of Lewisville. The four-story, Class A property will be situated within the Castle Hills development. 505Design and Corgan are the project architects; Hill + Wilkinson is the general contractor and LandDesign is the civil engineer and landscape architect. Prosperity Bank is providing construction financing. Completion is scheduled for summer 2020.

August 6, 2019

REV-Fitness-Center-Kilroy-Sabre-Springs-San-Diego-CA

California Development Office Western

Ware Malcomb Completes Redevelopment of 450,000 SF Office Campus in San Diego

by Amy Works August 6, 2019

SAN DIEGO — Ware Malcomb, as architect and interior designer, has completed the redevelopment of the Kilroy Sabre Springs office campus, located at 13480, 13500 and 13520 Evening Creek Drive North in San Diego. The 450,000-square-foot campus features three six-story office towers, and the renovation project included the transformation of 30,000 square feet of lobbies, restrooms and common areas to activate multiple indoor and outdoor amenity spaces. The redeveloped campus features a new restaurant, The Florence by San Diego-based Legal Restaurants; a REV fitness center managed by DRNV Unlimited; and outdoor common areas, such as fire pits and a regulation-sized bocce ball court. DCT, Burger Construction and Bycor were the general contractors for the project.

August 6, 2019

Development Industrial Midwest Ohio

Curtis-Layer Design Build Breaks Ground on 150,000 SF Spec Warehouse in Streetsboro, Ohio

by Kristin Harlow August 5, 2019

STREETSBORO, OHIO — Curtis-Layer Design Build has broken ground on a 150,000-square-foot speculative warehouse in Streetsboro, about 30 miles southeast of Cleveland. The building will feature precast concrete and glass panels and a clear height of 32 feet. The site is located near the Frost Road interchange at I-480 and approximately a half-mile from the Ohio Turnpike. Completion is slated for first-quarter 2020. Bob Brehmer of NAI Pleasant Valley is marketing the property for lease. A private investment group is the developer and MPG Architects is the architect. Chemical Bank provided construction financing.

August 5, 2019

Leasing Activity Massachusetts Northeast Office

Foundation Medicine Signs 580,000 SF Office Lease in Boston

by Alex Patton August 2, 2019

BOSTON — Foundation Medicine Inc., a manufacturer of medical tests and supplies, has signed a 580,000-square-foot lease for laboratory and office space at 400 Summer Street in Boston. Massachusetts-based WS Development is currently developing the 16-story building, which will total 625,000 square feet, including 30,000 square feet of ground-floor retail. Foundation Medicine will move its headquarters to the building and occupy all of the laboratory and office space. WS Development expects to begin construction later this year and for tenants to move in by 2023. New York-based Morris Adjimi Architects and the Boston office of Stantec are the architects.

August 2, 2019

Development Illinois Midwest Multifamily

McShane Completes Construction of 295-Unit Apartment Community in Lombard, Illinois

by Kristin Harlow August 2, 2019

LOMBARD, ILL. — McShane Construction Co. has completed Elan Yorktown, a 295-unit apartment community in Lombard. Greystar is the developer and owner. The property offers studio, one-, two- and three-bedroom units ranging in size from 626 to 2,471 square feet. The four-story development includes an attached four-story parking garage. Amenities include a fitness center, golf simulator room, theater room, library, clubroom, conference rooms, pool, walking path and dog park. ESG Architects served as the architect. Monthly rental rates start at $1,490.

August 2, 2019

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