development1

Steadfast Senior Living Plans 67-Unit Assisted Living Community Near San Jose

by Nellie Day March 21, 2017

MORGAN HILL, CALIF. — Steadfast Senior Living has unveiled plans for an unnamed, 67-unit assisted living and memory care community in the San Jose suburb of Morgan Hill. The two story, 62,000-square-foot development will consist of studio, one- and two-bedroom units ranging from 400 square feet to 1000 square feet. Steadfast plans to break ground on the project this summer for a scheduled opening sometime in 2018. Steadfast currently owns two other assisted living and memory care communities, both in the Los Angeles metro. The two communities are the newly opened GranVida in Carpinteria and Crestavilla, currently under construction in Laguna Niguel. Steadfast Senior Living is a division of Steadfast Cos., an Irvine-based developer, investor and operator of commercial real estate properties in the United States and Mexico.

March 21, 2017

Idaho Retail Western

Tropical Smoothie Cafe to Open First Locations In Idaho

by Nellie Day March 21, 2017

BOISE, IDAHO — Tropical Smoothie Cafe has signed a franchise agreement to open four restaurants in Idaho, with the first cafe slated to open in Boise this June. The new restaurants will mark the brand’s entry into the state. KMP TSC LLC will own and operate the locations. KMP TSC will target additional markets throughout the state for further development and is currently scouting sites in Eagle, Nampa, Caldwell, Twin Falls, Pocatello, Idaho Falls, Coeur d’Alene and Spokane. Celebrating its 20th anniversary in 2017, Tropical Smoothie Cafe is a fast-casual restaurant concept with over 550 locations nationwide.

March 21, 2017

Illinois Industrial Midwest

Bridge to Develop 133,951 SF Build-to-Suit for Okabe in Grayslake, Illinois

by Kristin Harlow March 21, 2017

GRAYSLAKE, ILL. — Bridge Development Partners LLC has unveiled plans to develop a 133,951-square-foot industrial facility for Okabe Co. in Grayslake. The metal working company will relocate its North American headquarters from Vernon Hills, Ill. The development, located at the intersection of Peterson and Midlothian roads, will feature 30-foot clear heights, 10 exterior truck docks, two drive-in doors, 4,000 amps of power and an ESFR sprinkler system. Okabe acquired the land site from the Lake County Fair Association. The 21.8-acre site features close proximity to I-94 and major thoroughfares in Lake County. Mas Ishida of Colliers International represented Okabe in the build-to-suit deal, while Keith Puritz, Brett Kroner and Eric Fischer of Cushman & Wakefield represented Bridge. Keith Puritz of Cushman & Wakefield represented the association in the land transaction.

March 21, 2017

Multifamily Texas

Oden Hughes, CWS Capital Break Ground on 226-Unit Apartment Complex in Austin

by Taylor Williams March 20, 2017

AUSTIN, TEXAS — Oden Hughes LLC of Austin and co-developer CWS Capital of Newport Beach, Calif. have broken ground on a 226-unit, Class A apartment community near downtown Austin. Located at 1301 W. Fifth St., the six-story building will offer one-, two- and three-bedroom units and feature approximately 2,200 square feet of ground-level retail space. The project is slated for a late 2018 delivery.

March 20, 2017

California Retail Western

Anaheim GardenWalk Hosts Grand Opening in Orange County

by Nellie Day March 20, 2017

ANAHEIM, CALIF. — A grand opening celebration will be held this March 23, 2017, for Anaheim GardenWalk in Orange County. New restaurants now open in the retail center include House of Blues Anaheim, Rumba Room Live, Grasslands Meat Market, Artists Republic Gallery, Billy Beez, Go VR Gaming and Mission Escape Games. Anaheim GardenWalk is a 460,000-square-foot outdoor dining, shopping and entertainment center situated in the Anaheim Resort District near Disneyland, the Anaheim Convention Center, Angel Stadium and Honda Center.

March 20, 2017

Hospitality Massachusetts Northeast

Homewood Suites by Hilton Opens in Metro Boston

by Haisten Willis March 20, 2017

CHELSEA, MASS. — Homewood Suites by Hilton Boston Logan Airport Chelsea is now open at 145 Beech St. in Chelsea. XSS Hotels owns the 152-suite property, and Colwen Hotels is the manager. Homewood Suites by Hilton Boston Logan Airport Chelsea offers studio and one-bedroom suites with kitchens and separate living and sleeping areas. Amenities include complimentary breakfast, an evening social Monday through Thursday, Wi-Fi, an indoor heated pool and fitness center. The property offers 2,200 square feet of flexible meeting space that can accommodate more than 200 guests.

March 20, 2017

Florida Industrial Office Southeast

Miller Construction Completes Second Phase of $25M Industrial Park in South Florida

by Taylor Williams March 17, 2017

HIALEAH, FLA. — Miller Construction Co. has completed the second phase of Centergate at Gratigny, a $25 million industrial development located at the intersection in Hialeah. Situated on 30 acres at the intersection of Gratigny Parkway and LeJeune Road, the new construction spans two buildings and 602,657 square feet. Fairchild Partners, a Miami-based brokerage firm, will oversee leasing of the property, which will feature Class A office, an air-conditioned mezzanine and security-controlled access for all bays. RLC Architects of Boca Raton designed the two 301,000-foot buildings that comprise the second phase of development.

March 17, 2017

Alabama Mixed-Use Southeast

Bayer Properties Completes $70M Restoration of Mixed-Use Property in Birmingham

by Taylor Williams March 17, 2017

BIRMINGHAM, ALA. — Bayer Properties has completed its 24-month, $70 million restoration of The Pizitz, a mixed-use property located at 120 19th St. in downtown Birmingham. The building now features 143 one- and two-bedroom apartments, a 13-vendor food court, two full-service restaurants, two 100-seat theaters and 13,000 square feet of co-working space. Prior to the restoration, The Pizitz, which was originally built in the 1920s to house a department store, had been closed for 28 years. Leasing began in December 2016.

March 17, 2017

Florida Multifamily Southeast

Housing Trust Group Opens $23M Apartment Complex in Miami

by Taylor Williams March 17, 2017

MIAMI — Housing Trust Group has completed the $23 million development of Wagner Creek Apartments, a 73-unit complex located at 1501 N.W. 13th Court in Miami’s health district. Funding for the project included $17 million in equity from Raymond James Tax Credit Fund and a $3.4 million permanent loan from Citi Community Capital. The company broke ground on the development in November 2016.

March 17, 2017

Florida Hospitality Southeast

BTI Partners Sells 30 Acres for $9.9M, Opens Condo Hotel in Greater Orlando

by Taylor Williams March 16, 2017

ORLANDO, FLA. — BTI Partners has sold 30 acres located at the interchange of Interstate 4 and U.S. Highway 27 in the Orlando suburb of Davenport, and opened The Grove Resort & Spa Orlando at 14501 Grove Resort Ave. in Orlando. The 30-acre site, which sold to a retail developer for $9.9 million, is part of Posner Park, a 104-acre, master-planned community that features 200,000 square feet of retail space, as well a hotel and residential units. The first phase of Grove Resort & Spa, a 106-acre property that spans roughly 2 million square feet and includes a lakefront pier with watersports and a water park, opened March 10.

March 16, 2017

Newer Posts

Older Posts