development1

Convexity Properties to Develop 590,000 SF Mixed-Use Project in Dallas’ Highland Park

by Taylor Williams November 20, 2018

DALLAS — Convexity Properties, a subsidiary of Chicago-based trading firm DRW, will develop The Crossing, an eight-acre mixed-use project in Dallas. The Crossing will be located near the Mockingbird Station mixed-use development in the Highland Park area. The project will feature 90,000 square feet of street-level retail and restaurant space, as well as 500,000 square feet of multifamily space, which according to The Dallas Morning News equates to 330 units. Part of the project entails improving an existing eight-story, 225,000-square-foot office building. A timeline for construction has not yet been established.

November 20, 2018

Development Illinois Midwest Mixed-Use

The Habitat Company to Develop $200M Mixed-Use Project in Chicago’s Lawndale Neighborhood

by Kristin Harlow November 20, 2018

CHICAGO — The Habitat Company has received approval from the city’s planning commission to develop a $200 million mixed-use project in Chicago’s North Lawndale neighborhood. The Chicago Housing Authority (CHA), Sinai Health System, Cinespace Chicago Film Studios and the city of Chicago are serving as development partners for the 10-acre project. Known as Ogden Commons, the development will offer hundreds of mixed-income rental housing units in addition to approximately 120,000 square feet of retail and commercial space. The project will be situated on the site of the former CHA Lawndale development. Ogden Commons will be developed in multiple phases, with the first phase comprised of 45,000 square feet of commercial space, 15,000 square feet of retail space and a portion of the planned residences. Construction on the commercial space is expected to begin during the second quarter of 2019 with the residential work to follow. The entire development is slated for completion in 2021, at which time Cinespace and Sinai will occupy a significant portion of the commercial space, expanding on their current locations on Ogden Avenue across from the Ogden Commons site.

November 20, 2018

California Development Mixed-Use Office Restaurant Retail Western

Primestor Development Starts Construction of $48M Mixed-Use Development in Los Angeles

by Amy Works November 20, 2018

LOS ANGELES — Nadel Architects has announced that construction is underway on Jordan Downs Plaza, a $48 million mixed-use development in Los Angeles. Designed for Primestor Development, the overall $5 billion project will bring 115,000 square feet of retail and dining space to the Watts neighborhood of Los Angeles. Slated for completion in summer 2019, Jordan Downs Plaza will feature an open-air shopping and dining space, as well as a full-service supermarket, financial institutions, a fitness center, sit-down restaurants, cafés and a variety of local and national retailers. The revitalization project is situated on 10 acres and will be a “community living room” gathering-style plaza for the 34,000 area residents. The Nadel Architect team includes Greg Lyon, David Anderson, Keith Martinez and Andrew Wolff.

November 20, 2018

California Development Multifamily Seniors Housing Western

Continuing Life Plans 480-Unit Seniors Housing Community in Orange County, California

by Amy Works November 19, 2018

SAN JUAN CAPISTRANO, CALIF. — Continuing Life has unveiled plans for Reata Glen, a 480-unit continuing care retirement community in San Juan Capistrano. Reata Glen is located on 60 acres in South Orange County, where 13 percent of the population are seniors. That number is expected to double by 2040, according to Continuing Life. Partners on the project include California-based W.E. O’Neil Construction and KTGY Group Architects. Construction is already underway, with a planned delivery in spring 2019.

November 19, 2018

Development Georgia Multifamily Southeast

LMC Tops Out Apartment High-Rise in Midtown Atlanta

by John Nelson November 16, 2018

ATLANTA — LMC, a division of Miami-based Lennar Co., has topped out its Midtown Atlanta luxury apartment building, Vireo. The high-rise will feature 310 apartment homes, offering studio, one-and two-bedroom floor plans. Amenities will include a swimming pool, cabanas, clubroom and an outdoor lounge area. Vireo is located less than one mile from Piedmont Park. Hoar Construction completed the concrete structural frame exterior windows, façade, roofing and site work. LMC expects Vireo to be move-in ready in the spring.

November 16, 2018

Development Mixed-Use New York Northeast

Youngwoo & Associates Breaks Ground on 235,000 SF Mixed-Use Project in Washington Heights

by David Cohen November 16, 2018

NEW YORK CITY — Youngwoo & Associates has broken ground on the Radio Tower & Hotel, a 235,000-square-foot, mixed-use property in the Washington Heights neighborhood of Manhattan. The 22-story building will include 155,000 square feet of office space, a 221-room boutique hotel and 8,000 square feet of ground-floor retail. The property is located on Amsterdam Avenue between 180th and 181st Streets. Youngwoo & Associates acquired the site, which was formerly a gas station, in 2013.

November 16, 2018

Arizona Development Multifamily Seniors Housing Western

Starwood, Ryan Cos., Cadence Start Construction of 198,000 SF Seniors Housing Community in Arizona

by Amy Works November 16, 2018

SCOTTSDALE, ARIZ. — Ryan Cos., Cadence Living and a controlled affiliate of private investor Starwood Capital Group have started construction of Acoya Scottsdale at Troon, an independent living and assisted living community in the Troon neighborhood of Scottsdale. The 198,000-square-foot community will sit on six acres and feature 135 units. Construction is slated for completion in mid-2020, with a leasing office opening before mid-year of 2019. Ryan A+E Inc. designed the community’s exterior to complement the Santa Fe architecture of the surrounding area, which consists of private country clubs and high-end resorts. Thoma-Holec Design will create the interiors.

November 16, 2018

Development Illinois Midwest Mixed-Use

Structured Development to Undertake Final Phase of Mixed-Use Project in Orland Park, Illinois

by Kristin Harlow November 16, 2018

ORLAND PARK, ILL. — Structured Development LLC has been selected to develop the final phase of the downtown Main Street Triangle project in Orland Park. Structured will complete the five remaining parcels comprising approximately nine acres within the 27-acre Triangle master plan. The project will include retail, office, hospitality and entertainment space. Completion is slated for 2021. The Triangle currently houses Ninety7Fifty, a 295-unit mixed-use rental community; the University of Chicago Medicine Center for Advanced Care, a 110,000-square-foot medical office building; a 500-space public parking structure; and Crescent Park, a landscaped green space.

November 16, 2018

Development Midwest Nebraska Office

Darland Completes Headquarters for LGT Transport in Omaha

by Kristin Harlow November 16, 2018

OMAHA, NEB. — Darland Construction Co. has completed the new headquarters for LGT Transport, a cryogenic transportation company. The 12,640-square-foot property includes 8,312 square feet of office space, which includes eight offices, a training center, conference room, driver’s lounge, workroom, exercise facility, break room and locker rooms. The remaining square footage houses the company’s two-bay service center. A 36,000-square-foot parking lot offers parking for up to 10 tractor-trailers. Schemmer Associates was the project architect.

November 16, 2018

Civic Development Mixed-Use Southeast Student Housing Virginia

StonebridgeCarras to Develop Virginia Tech’s $1B Campus in Alexandria, Near Amazon Headquarters

by John Nelson November 15, 2018

ALEXANDRIA, VA. — StonebridgeCarras has been selected to build the Virginia Tech Innovation Campus, a $1 billion, 1 million-square-foot, technology-focused campus in Alexandria, less than two miles from Amazon’s HQ2 future site. Virginia Tech and the State of Virginia will each put forth $250 million to the new campus. Further funds are expected to come via private philanthropy, industry partnerships and other revenue streams. The new campus will be situated in River Landing, a newly branded neighborhood encompassing parts of Pentagon City and Crystal City in Arlington and Potomac Yard in nearby Alexandria. The land is owned by investment firm Blackstone Group LP. The campus will include 300,000 square feet of academic space and research and development facilities, 250,000 square feet of partner space dedicated to startups and corporate facilities, 350,000 square feet of housing space for students and faculty and 100,000 square feet of retail and support spaces. An expected date of completion was not disclosed, but Virginia Tech officials say the first 100 master’s program students will enroll next year in a temporary space. The school also announced Bethesda, Md.-based StonebridgeCarras and the City of Alexandria have agreed to expedite construction.

November 15, 2018

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