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TRiSTAR Breaks Ground on 1.1 Million SF of Speculative Industrial Space Near St. Louis

by Christina Cannon February 22, 2016

EDWARDSVILLE, ILL. — TRiSTAR Properties has broken ground on two new industrial buildings within the Gateway Commerce Center in Edwardsville, approximately 25 miles northeast of St. Louis. The two speculative distribution facilities will total 1.1 million square feet. Gateway Commerce Center is a 2,300-acre logistics and bulk distribution park. PCCP LLC is partnering with TRiSTAR to fund the $49 million project. The first building, Gateway East 618, will be situated on 53 acres and span 618,450 square feet. The facility will feature 36-foot clear heights, 68 dock doors and two drive-in doors. Gateway East 513 will be a 513,760-square-foot building that sits on a 46-acre site. This facility will include 32-foot clear heights, 58 dock doors and two drive-in doors. Both buildings are expandable by over 1 million square feet. Ed Lampitt of Cushman & Wakefield is the leasing agent for the two buildings, which are both slated for completion in the latter half of this year. Contegra Construction is serving as the project’s general contractor. Gray Design Group is the architect of record, and Stock & Associates Consulting Engineers Inc. is providing civil engineer services.

February 22, 2016

HBSB2-university-of-houston-health-biomedical-sciences-building

Office Texas

$145M Health and Biomedical Sciences Building to Be Constructed at University of Houston

by Haisten Willis February 19, 2016

HOUSTON — The University of Houston (UH) is getting a second Health and Biomedical Sciences Building (HBSB2). The nine-story, 300,000-square-foot facility will be the next phase of the development of UH’s biomedical district. With a project budget of $145 million, HBSB2 will be home to specialized research and teaching labs, faculty and staff offices, an expanded health sciences library and a mix of teaching spaces, including auditoriums and smaller learning spaces for group and individual study. While construction is already underway, a ceremonial groundbreaking will take place at 10 a.m. on Feb. 29. HBSB2 will be the new home of the UH College of Pharmacy and will consolidate faculty and students currently housed in the Texas Medical Center and Science and Research 2 buildings. The consolidation will help integrate teaching, research and clinical programs. Shepley Bulfinch, the architectural firm that completed HBSB1 in 2013, is the architect of HBSB2.

February 19, 2016

Nevada Retail Western

Wynn Las Vegas to Develop Wynn Plaza Retail Center

by Nellie Day February 19, 2016

LAS VEGAS — Wynn Las Vegas is set to develop Wynn Plaza, a 75,518-square-foot luxury retail complex set to augment the existing retail collection at Wynn Las Vegas and Encore on Las Vegas Boulevard. The design of Wynn Plaza will be influenced by European elements, specifically the Avenue Matignon in Paris. The two-story center will feature two entrances off the Strip, a dedicated valet service, atriums and a skylight rotunda. Steve Wynn, chairman and CEO of Wynn Resorts, designed the project in collaboration with Roger Thomas, executive vice president of Architecture DeRuyter Butler, and Wynn Design and Development. The project is set for completion in 2017.

February 19, 2016

Georgia Industrial Southeast

Ackerman & Co. to Develop 1M SF Distribution Center in Georgia

by John Nelson February 18, 2016

BRASELTON, GA. — Ackerman & Co. plans to develop a 1 million-square-foot bulk distribution center in Braselton, roughly 50 miles northeast of Atlanta. Ackerman recently purchased the 107-acre site off of Broadway Avenue and BDC Parkway from Synovus Bank for $4.5 million. The site is situated less than two miles from I-85 and the Georgia Highway 211 interchange. The building, known as Braselton Logistics Center, will feature 40-foot clear heights, ductilcrete floors and parking for trailers and automobiles. Ackerman plans to deliver the property in the first quarter of 2017. Julian Brown of Transwestern and Brett Buckner of Ackerman & Co. will lease the asset. The design team includes architect Randall Paulson, civil engineer Elberly Associates and general contractor Conlan Co.

February 18, 2016

Georgia Multifamily Southeast

JE Dunn Construction to Build AMLI Arts Center in Midtown Atlanta

by John Nelson February 18, 2016

ATLANTA — Amli Residential, a Chicago-based apartment developer, has selected JE Dunn Construction to build AMLI Arts Center, a 26-story, 350-unit apartment tower in Midtown Atlanta. The property will feature studio, one- and two-bedroom apartment units, as well as a precast parking deck providing 543 spaces and an upper level pool amenity deck. Cooper Carry is serving as JE Dunn’s architect of record for AMLI Arts Center. JE Dunn is also building AMLI 3464 in Atlanta’s Buckhead district. The general contractor expects to finish construction on AMLI 3464 in late 2016 and AMLI Arts Center in November 2017.

February 18, 2016

Georgia Mixed-Use Southeast Top Stories

RCP Cos. Plans to Develop $300M Mixed-Use Project in South Atlanta

by John Nelson February 18, 2016

STOCKBRIDGE, GA. — RCP Cos., a Huntsville, Ala.-based real estate investor and developer, plans to develop a $300 million mixed-use project, known as Jodeco|Atlanta South, in Henry County. Preliminary plans for the mixed-use development in the southern Atlanta suburb of Stockbridge include retail and restaurants, an entertainment hub, amphitheater, outdoor fitness and recreation areas and apartment residences within an urban setting. “Our intention is to craft a new, vibrant community that brings the energy of a high-density, urban design — as well as the options that a larger city might provide — to South Atlanta,” says Max Grelier, chief development officer of RCP Cos. Jodeco will sit adjacent to I-75 at exit 222, one of the first exits south of the I-675 interchange. Situated in the southwest quadrant of the I-75 and Jodeco Road intersection and bordered by Chambers and Mt. Olive roads, the development will include more than 500,000 square feet of local, regional and national retailers, including an organic grocer. A 12,000-square-foot food hall, known as Mt. Olive Market, will be a dining venue within Jodeco where local and regional chefs will serve guests at counters and communal tables. Plans also call for two upscale hotels and an …

February 18, 2016

Georgia Mixed-Use Southeast

Hotel Development Partners Breaks Ground on Residence Inn in Atlanta’s Central Perimeter

by John Nelson February 17, 2016

ATLANTA — Hotel Development Partners has commenced construction on a new 128-room Residence Inn on a 4.8-acre site located at the intersection of Ashford Dunwoody and Meadow Lane roads in Atlanta’s Central Perimeter submarket. The site surrounds the existing Spruill Center for the Arts and will feature the hotel, Fogo de Chao Brazilian Steakhouse and other dining and shopping amenities in early 2017. Alan Shaw of The Shopping Center Group is leasing the site on behalf of Hotel Development Partners, which purchased the site in 2015. The developer is also underway on a Hampton Inn-anchored mixed-use project on Ashford Dunwoody Road.

February 17, 2016

Illinois Midwest Retail

The Missner Group to Build 14,000 SF of Retail Space in Suburban Chicago

by Christina Cannon February 17, 2016

ORLAND PARK AND NAPERVILLE, ILL. — The Missner Group will construct two retail spaces totaling 14,000 square feet in suburban Chicago. In the first project, The Missner Group will build a 10,000-square-foot facility in Orland Park, about 26 miles southwest of Chicago. Two existing buildings will be demolished to make room for the new building, which will house a Mattress Firm store and restaurant State & Main. The center, which will be located at 29 E. Orland Square Drive, will be an outlot of Orland Square Mall. Ireland Architects is serving as the architect for the project. In the second project, The Missner Group will demolish an existing building in Naperville, about 35 miles southwest of Chicago, to construct a 4,000-square-foot, freestanding building for a Mattress Firm. Oliveri Architects is providing the architectural services for this project. The Missner Group will also construct a parking lot and complete landscaping and utilities for both projects. United Growth is the developer for the retail properties, which will be completed this spring.

February 17, 2016

California Restaurant Retail Western

Dickey’s To Open 100th California Restaurant

by Nellie Day February 17, 2016

INDIO, CALIF. — Dickey’s Barbecue Pit is set to open its 100th California location. Dickey’s already has more than 530 locations in 43 states. After Texas, California has the most Dickey’s locations. Owner/operators Michael and Margarita Tucker currently own the Dickey’s Barbecue Pit location in La Quinta and have signed a development agreement to open three more stores in Indio, Moreno Valley and Redlands in 2016.

February 17, 2016

Industrial Texas

United Equities Commences Construction on Harms Road Industrial Park

by Haisten Willis February 16, 2016

HOUSTON — United Equities has commenced construction on Phase II of Harms Road Industrial Park in northwest Houston near Highway 290 and the Beltway. The single-tenant manufacturing buildings will each be between 16,000 and 30,000 square feet, with build-to-suit opportunities up to 60,000 square feet. Bank of Texas arranged construction financing for the project, and Powers Brown Architecture did architectural work. Travis Land of NAI Houston is leasing the project.

February 16, 2016

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