development1

Eden Multifamily Breaks Ground on $87M Apartment Community in North Miami Beach

by John Nelson May 5, 2017

NORTH MIAMI BEACH, FLA. — Eden Multifamily has broken ground on NOMA North Miami Beach, an $87 million apartment community located at 2145 N.E. 164th St. in North Miami Beach. The 354-unit property will be situated on a 2.6-acre site near Biscayne Boulevard, Laurenzo’s Italian Market, Snake Creek Canal and the City of North Miami Beach greenway. The eight-story project is a joint venture between Eden Multifamily and Florida Value Partners. The joint venture will finance the development with debt from JPMorgan Chase and preferred equity from Related Real Estate Debt Strategies LLC. NOMA North Miami Beach will feature studio, one-, two- and three-bedroom units, as well as an inner courtyard pool, community rooms, fitness center, cyber café, gathering areas and fiber-connected Wi-Fi throughout the community. NOMA will also include seven adjacent two- and three-bedroom townhomes along the greenway and commercial space along N.E. 164th Street. The project is the first component of a mixed-use development that will serve as the new urban town center for the eastern part of North Miami Beach. The design team includes general contractor Coastal Construction, architect MSA Architects, landscape architect Bruce Howard Associates and interior designer IDDI Design International. Eden Multifamily expects to deliver …

May 5, 2017

Michigan Midwest Office Retail

Ford Land Begins Construction of Wagner Place Office and Retail Development in Dearborn, Michigan

by Kristin Harlow May 5, 2017

DEARBORN, MICH. — Ford Land Development Corp., the real estate arm of Ford Motor Co., has begun transformation of the Dearborn campus with the groundbreaking of Wagner Place, a development featuring office and retail space. The $60 million Ford investment will provide Ford employees and nearby residents with new retail and restaurant options, complemented by green space, outdoor seating and enhanced walkability. Ford is transforming about two blocks of largely vacant buildings into the 150,000-square-foot development. Wagner Place will feature two floors of workspace and a rooftop patio in addition to first-floor retail and restaurant space. Approximately 600 Ford global data insights and analytics employees will occupy the property. The development is part of the 10-year transformation of the company’s more than 60-year-old Dearborn facilities, which will relocate 30,000 employees from 70 buildings into primarily two sites: a product campus and a world headquarters campus. Wagner Place is scheduled for completion in mid-2018. With $3 million in support from the Michigan Strategic Fund, the city of Dearborn will construct a 373-spot public parking structure near the development at West Village Drive and Monroe Street for consumer and Ford employee parking. Dearborn is overseeing an $18 million investment for the west downtown area …

May 5, 2017

Healthcare Midwest Missouri

McCarthy Completes $40M Outpatient Building at Hospital in Chesterfield, Missouri

by Kristin Harlow May 5, 2017

CHESTERFIELD, MO. — McCarthy Building Cos. Inc. has completed construction of a new 106,000-square-foot outpatient services building on the west campus of St. Luke’s Hospital in Chesterfield. The $40 million St. Luke’s Outpatient Center Building B adjoins the hospital’s Mr. and Mrs. Theodore P. Desloge Jr. Outpatient Center. The five-story structure provides additional space for new physician offices as well as the expansion of St. Luke’s physical therapy and cardiac rehabilitation services. Other St. Luke’s services that have relocated to the building include EEG/EMG; the nutrition wellness and diabetes center; the anticoagulation clinic; and wound care and hyperbaric medicine. BSA LifeStructures Inc. designed the building.

May 5, 2017

Illinois Midwest Office

Accesso Completes 3,000 SF Park at Office Property in Chicago

by Kristin Harlow May 5, 2017

CHICAGO — Accesso Partners LLC has completed a pocket park with seating for 50 between the office towers at 200 and 230 W. Monroe St. in Chicago’s West Loop. The 1.2 million-square-foot property has been renamed Monroe Plaza and is entering a second phase of upgrades. The new 3,000-square-foot park is open to employees and the public. Phase II renovations of the property will include enhancements to the lobbies, entrances, corridors and common areas of both buildings. Accesso has also named Cushman & Wakefield as the leasing broker for the office property. The leasing team consists of Andrea Saewitz, Ben Cleveland and Mark Baby.

May 5, 2017

Industrial Texas

Trammell Crow, PGIM Begin Construction on Phase II of 106-Acre Industrial Park in Fort Worth

by Taylor Williams May 4, 2017

FORT WORTH, TEXAS — Trammell Crow Co. and joint venture partner PGIM Real Estate have begun construction on Phase II of 35-Eagle, a 106-acre industrial park located near Alliance Airport in north Fort Worth. Phase II will deliver three new buildings: a 1.1 million-square-foot cross-dock warehouse; a 312,654-square-foot rear-load warehouse; and a 233,961-square-foot cross-dock warehouse. Completion of all three buildings is scheduled for the fourth quarter. Phase I of the project delivered two Class A buildings totaling roughly 1.6 million square feet in the fourth quarter of 2016. Those properties are now 90 percent occupied.

May 4, 2017

Multifamily Texas

SWBC Breaks Ground on 276-Unit Multifamily Complex Within Craig Ranch in McKinney

by Taylor Williams May 4, 2017

MCKINNEY, TEXAS — SWBC Real Estate LLC has broken ground on Central Park at Craig Ranch, a 276-unit multifamily complex situated on 4.5 acres within the 2,200-acre, master-planned community of Craig Ranch in McKinney. Amenities will include a clubhouse with a business center, 24-hour fitness center, a resort-style pool and an attached parking garage. The project is expected to be complete by December 2018, with the first units becoming available by April 2018.

May 4, 2017

Restaurant Retail Texas

Salt Lick BBQ to Open 10,000 SF Restaurant in Grapevine

by Taylor Williams May 4, 2017

GRAPEVINE, TEXAS — Salt Lick BBQ will open a new location in the Dallas-Fort Worth metro of Grapevine in 2018. The new restaurant, which is situated on a 10-acre tract, will feature 10,000 square feet of indoor and outdoor dining space, as well as a specialty wine and beer bar. A general contractor has not yet been assigned to the project, construction of which is scheduled to begin this fall.

May 4, 2017

California Office Western

Duke Realty to Develop Medical Office Building in Santa Clarita

by Nellie Day May 4, 2017

SANTA CLARITA, CALIF. — Duke Realty has announced plans to build a 37,000-square-foot medical office building in Santa Clarita. The two-story space will be situated on 3.8 acres on the south side of Soledad Canyon Road in the Canyon Country neighborhood of Santa Clarita, about 33 miles northwest of Los Angeles. The space has been fully preleased by Facey Medical Group, an affiliate of nonprofit Catholic health system Providence Health and Services. Duke will break ground early this summer for scheduled completion in June 2018. Snyder Langston will build the property, which Boulder Associates designed.

May 4, 2017

Civic Illinois Midwest

Design Unveiled for Obama Presidential Center on Chicago’s South Side

by Kristin Harlow May 4, 2017

CHICAGO — The Obama Foundation released the conceptual vision and site map for the Obama Presidential Center (OPC) in Chicago at a community event hosted by Barack and Michelle Obama on Wednesday, May 3. The center will be integrated into Jackson Park, a historic park on the South Side of Chicago. The design concept includes three buildings: a museum, forum and library. The museum, the tallest of the three buildings, will hold exhibition space, public spaces, offices and education and meeting rooms. The forum will contain Obama Foundation offices, an auditorium, restaurant and public garden. The forum and library will be single-story structures with planted roof terraces and will serve as community resources. The total size of the center will range between 200,000 and 225,000 square feet, but the concept site plan imagines a reshaping of the park that will result in a total net increase in green space for Jackson Park. The center is slated to open in late 2021. The design team for the OPC is led by Tod Williams Billie Tsien Architects | Partners and Interactive Design Architects. The landscape design team is comprised of Michael Van Valkenburgh Associates, Site Design Group and Living Habitats. Ralph Appelbaum Associates …

May 4, 2017

Georgia Multifamily Seniors Housing Southeast

Greystar to Develop Apartment Community, Seniors Housing at $370M Halcyon Project in Metro Atlanta

by John Nelson May 4, 2017

FORSYTH COUNTY, GA. — Greystar plans to develop a 300-unit apartment community and a 160-unit seniors housing property within Halcyon, a $370 million mixed-use development located off exit 12 on Ga. 400 in Forsyth County. The multifamily community, known as Elan Halcyon, will feature top-of-market amenities and 11,000 square feet of ground-floor retail space. The seniors housing property will feature 12,000 square feet of resort-style amenities, including a resident clubhouse, pool and spa, demonstration kitchen, game room, theater room, fitness center and a golf simulator. RocaPoint Partners, an Atlanta-based affiliate of The Georgetown Co., is the master developer of Halcyon. Set to open in 2018, the development will include more than 500,000 square feet of office and retail space, a high-end CMX movie theater, two hotels and 690 residential units, including Greystar’s two projects.

May 4, 2017

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