development1

Boyle, Northwestern Mutual, Northwood Ravin Break Ground on Capitol View Office Building in Nashville

by John Nelson June 12, 2017

NASHVILLE, TENN. — A joint venture between Boyle Investment Co., Northwestern Mutual and Northwood Ravin has broken ground on the office component of Capitol View, a 32-acre mixed-use development in Nashville’s North Gulch district. HealthStream Inc., a healthcare IT firm, will move its corporate headquarters to 65,000 square feet at the new office building, called Block E. The design team includes Hoar Construction, Barge Waggoneer Sumner & Cannon, Cooper Carry, Kiser Vogrin Design, RPM Transportation, TTL, TVG Environmental, Stansell Electric and Jones Brothers. Once completed, the $750 million Capitol View will feature 1.1 million square feet of office space, 130,000 square feet of retail and restaurant space, 650 multifamily residences, 170 hotel rooms and a 2.5-acre park connected to Nashville’s greenway system. In lieu of a groundbreaking ceremony for Block E, the principals of Capitol View presented a $5,000 check to the Arthur E. Newman Scholarship Fund.

June 12, 2017

Florida Mixed-Use South Carolina Southeast

Partnership to Develop Two Latitude Margaritaville Projects in Daytona Beach, Hilton Head

by John Nelson June 12, 2017

DAYTONA BEACH, FLA. AND HILTON HEAD, S.C. — A partnership between Sutton Properties, Margaritaville Holdings and Minto Communities plans to develop two Latitude Margaritaville projects in Daytona Beach and Hilton Head. Both developments will feature Margaritaville restaurants, an island-inspired food and beverage concept that launched in 1987 in Key West, Fla. The Daytona Beach community is currently under construction with 3,000 residences, and a future proposed expansion of up to 7,000 homes catering to residents 55 years and up. Sutton Properties is preleasing a total of 200,000 square feet of retail space at the entrance to Latitude Margaritaville on LPGA Blvd, just west of Interstate 95. The first phase will include a supermarket, along with retailers and restaurants. At the Hilton Head development, Margaritaville Holdings and Minto have broken ground on more than 3,000 homes on 2,739 acres. Sutton Properties acquired 72 acres for a three-phase, mixed-use development. Phase I will be located on Highway 278 at the community entrance located in Hardeeville, between I-95 and Hilton Head Island. Phase I will include a supermarket and other retail and restaurant tenants, and Phase II includes a hotel opportunity, followed by a mixed-use town center. The first homes at both developments …

June 12, 2017

Georgia Multifamily Southeast

Terwilliger Pappas Breaks Ground on Apartment Development in Gwinnett County

by John Nelson June 12, 2017

SUWANEE, GA. — Terwilliger Pappas has begun construction on Solis Town Center, a 240-unit apartment development situated adjacent to Suwanee Town Center in the Atlanta suburb of Suwanee in Gwinnett County. Set on six acres, the property will also feature 12,000 square feet of retail space. Terwilliger Pappas partnered with Carlyle Realty Partners and Cadence Bank on the development. The nearby Suwanee Town Center features a 10-acre, urban-style park, 100,000 square feet of retail space and 87,000 square feet of office space.

June 12, 2017

Multifamily Northeast Pennsylvania

J.G. Petrucci Co. Opens 151-Unit Apartment Community in Warminster, Pennsylvania

by Amy Works June 12, 2017

WARMINSTER, PA. — J.G. Petrucci Co. has developed Jacksonville Station, a 151-unit apartment community located at 375 Jacksonville Road in Warminster. The property features 74 one-bedroom and 77 two-bedroom apartment units with modern amenities, including stainless steel kitchen appliances, quartz countertops and full-size washer/dryers in each unit. Situated on 10 acres, the community features on-site surface parking, a fitness center, a swimming pool and a clubhouse. Minno & Wasko designed the property.

June 12, 2017

Indiana Midwest Multifamily Seniors Housing

$40M Clarendale Seniors Housing Community Opens in Schererville, Indiana

by Kristin Harlow June 12, 2017

SCHERERVILLE, IND. — Clarendale of Schererville has opened in Schererville, about 38 miles south of Chicago. The 177-unit seniors housing community is located at 7770 Burr St. The $40 million development is the third Clarendale property from developer-builder Ryan Cos. Situated on nine acres, the three-story community is comprised of 85 independent living residences, 38 assisted living residences and 54 memory care residences. The residences range from 300 square feet to 1,300 square feet. Amenities include a movie theater, crafts room, bistro, pub and billiards room, library, multipurpose room and fitness center. Des Moines, Iowa-based Life Care Services will manage the community.

June 12, 2017

Texas

UTSA Breaks Ground on $95M Science and Engineering Building

by Taylor Williams June 9, 2017

SAN ANTONIO — The University of Texas at San Antonio has broken ground on Phase I of construction for a new, $95 million Science and Engineering Building. Designed by San Antonio-based Alamo Architects and national architecture firm TreanorHL, the four-story, 153,000-square-foot building is the largest construction project in school history. Scheduled for a May 2020 completion, the project is funded primarily by tuition revenue bonds approved during the 2015 Texas legislative session.

June 9, 2017

Mixed-Use Texas

St. Croix to Develop 80,000 SF Mixed-Use Project in Metro Austin

by Taylor Williams June 9, 2017

BEE CAVE, TEXAS — St. Croix Capital Advisors will develop Gateway to Falconhead, an 80,000-square-foot mixed-use asset located on a 14.6-acre tract located at the corner of Ranch to Market Road 620 and Falconhead Boulevard in the Austin metro of Bee Cave. Construction recently began on the six-building project, which will deliver office, medical and retail space. The latter is 70 percent preleased to tenants such as Westbank Dry Cleaners and Epic Nails. Southstar Bank provided financing for the property, which is expected to be ready for occupancy in the fourth quarter.

June 9, 2017

Multifamily Oregon Student Housing Western

Core Spaces Breaks Ground on Multifamily Community in Portland

by Nellie Day June 9, 2017

PORTLAND, ORE. — Core Spaces has broken ground on The Collective on 4th, a 569-bed multifamily community located near Portland State University in Portland. The property will target students, as well as young professionals, families and empty nesters. The development is set to include studio, micro-, one- and two-bedroom units alongside two- and three-bedroom townhomes. Outdoor amenities will include bocce ball courts, fire pits, barbecues, private terraces and a fourth-floor terrace with a hot tub. A fitness center, business center, rooftop chef’s kitchen and lounge, Pilates/yoga space and sauna and steam room will also be included at the property. The project is scheduled for completion in summer 2019.

June 9, 2017

Affordable Housing Illinois Midwest Multifamily

McShane Completes Construction of 78-Unit Affordable Housing Property in Chicago

by Kristin Harlow June 9, 2017

CHICAGO — McShane Construction Co. has completed construction of Park Place in Chicago for Brinshore Development. The 78-unit affordable housing property is situated on 4.6 acres at the intersection of 50th Street and Lawndale Avenue. The property features 14 buildings with a mix of one-, two- and three-bedroom floor plans. Amenities include a community room, computer lab, fitness center and on-site management. Landon Bone Baker Architect designed the project. Multiple sources provided funding for Park Place, including the City of Chicago.

June 9, 2017

Michigan Midwest Multifamily

State of Michigan Provides $1M Grant for Redevelopment of Former Statler Hotel Site in Detroit

by Kristin Harlow June 9, 2017

DETROIT — The Michigan Department of Environmental Quality (MDEQ) has provided a $250,000 loan and a $750,000 grant for the redevelopment of the former Statler Hotel site in Detroit. The Detroit/Wayne County Port Authority received the funding. Located at the corner of Washington Boulevard and Park Avenue, the property has been vacant since the hotel was abandoned in 1975 and demolished in 2005. The MDEQ brownfield grant and loan will cover the costs of mitigating the environmental contamination at the site. VG Statler City LLC will then construct a mixed-use building with 288 apartment units, ground-floor retail and underground parking. The redevelopment will meet national green building standards, including a green roof, and will bring an estimated 58 jobs and 400 residents to the area. The MDEQ’s brownfield redevelopment program provides grants and loans to local governments for environmental activities on brownfield properties where redevelopment is proposed.

June 9, 2017

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