REBusinessOnline

Principle Begins Construction of 126,611 SF Flex Building for Pharma Logistics in Libertyville, Illinois

LIBERTYVILLE, ILL. — Principle Construction Corp. has broken ground on a new 126,611-square-foot warehouse and office building for Pharma Logistics Ltd. in Libertyville. The property will be situated at 1801 N. Butterfield Road. The build-to-suit will include eight docks, one drive-in door, 188 car parking spaces and a clear height of 30 feet. The pharmaceutical company is expanding from its current locations in Mundelein and Libertyville. Harris Architects provided design services for the …

Kroger, Ocado Break Ground on $55M Customer Fulfillment Center in Southwest Ohio

MONROE, OHIO — The Kroger Co. and Ocado, a dedicated online grocery retailer, have broken ground on their first customer fulfillment center. Cincinnati-based Kroger is investing $55 million to build the property, which will be situated in the southwest Ohio city of Monroe. The automated warehouse facility will have digital and robotic capabilities and will span 335,000 square feet. The model will be replicated in other locations, as Kroger plans to build 20 such facilities. To date, two …

CA Ventures Acquires Development Site in Elk Grove Village, Plans Industrial Building

ELK GROVE VILLAGE, ILL. — CA Ventures has acquired an 8.3-acre site at 550 Devon Ave. in Elk Grove Village for an undisclosed price. The acquired site includes a 20,000-square-foot retail building that CA Ventures intends to reduce in size and modernize. The developer also plans to build a 142,000-square-foot speculative industrial building on the remainder of the land. Tom Rodeno and Jonathon Kohn of Colliers International represented the seller, Terry Bolger. The team also represented the …

P3 Breaks Ground on 1,100-Bed Hornet Commons Student Housing at California State University, Sacramento

SACRAMENTO, CALIF. — A public-private partnership between University Enterprises Inc. — California State University, Sacramento’s (CSUS) commercial services auxiliary — and Greystar has broken ground on Hornet Commons, a 365,000-square-foot residence complex. The 1,100-bed development will feature six four-story buildings. Shared amenities will include a swimming pool, café, fitness center and a community room. Delivery is slated for fall 2021 The development team includes Sundt …

Panattoni Development Begins Work on North 15 Logistics Center in North Las Vegas

NORTH LAS VEGAS, NEV. — Panattoni Development, serving as developer, has commenced work on North 15 Logistics Center, building on a 29.9-acre land parcel located at the intersection of Interstate 15 and Speedway Boulevard in North Las Vegas. Slated for completion in first-quarter 2020, the $47 million project will feature two buildings offering a total of 550,024 square feet of industrial space. The facilities will feature up to 36-foot clear heights, ESFR sprinkler systems, R-30 roof batt …

MedCore, TNRG to Develop 188-Unit Senior Living Community in Norman, Oklahoma

NORMAN, OKLA. — A partnership between Dallas-based MedCore Partners and The National Realty Group (TNRG) will develop a 188-unit senior living community in Norman, Oklahoma. The project currently calls for 100 independent living units, 64 assisted living residences and 24 memory care residences, with a planned second phase that will add another 75 independent living units. Amenities at the community will include multiple dining venues, a bar/pub and other entertainment areas, a wellness …

Rexford Industrial Acquires 15.5-Acre Development Site in the Inland Empire for $18.2M

EASTVALE, CALIF. — Rexford Industrial Realty has purchased a 15.5-acre, fully entitled development site in Eastvale, within the Inland Empire West submarket, for $18.2 million, or $26.93 per land square foot. Rexford has retained the undisclosed seller as fee developer to construct the project, branded as “The Merge,” which will contain a total of 333,500 square feet of industrial space within six buildings. Once completed, the project will feature 10 warehouse spaces, ranging from …

Silverado Prepares to Open $12M Memory Care Community in Orange County

BREA, CALIF. — Silverado plans to open Silverado Brea, located approximately 20 miles southeast of Los Angeles, by the end of summer 2019. The nearly 34,000-square-foot, two-story community joins nearby Silverado communities in Tustin, Costa Mesa and San Juan Capistrano. The number of units in the community was not disclosed. The $12 million development sits on 1.15

RREAF Holdings Breaks Ground on 16-Acre Mixed-Use Project in Southlake, Texas

SOUTHLAKE, TEXAS — RREAF Holdings LLC has broken ground on Phase I of a 16-acre mixed-use project in Southlake, a northern suburb of Fort Worth. A 239-room hotel will anchor the property, which could ultimately feature as much as 240,000 square feet of office, retail and restaurant space. Completion of the hotel is scheduled for fall 2020. The project team includes general contractor Hill & Wilkinson, architect Merriman Anderson Architects, civil engineer Cole Engineering, mortgage banker …

Wood Partners Breaks Ground on 243-Unit Alta Columbia City Multifamily Project in Seattle

SEATTLE — Wood Partners has broken ground on Alta Columbia City, a multifamily development in Seattle’s historic Columbia City neighborhood. Slated to open in summer 2021, Alta Columbia City will feature 243 studio, one- and two-bedroom apartments, along with 27,000 square feet of retail and commercial space. On-site amenities will include a private lounge, entertainment area, gourmet kitchen, fitness center, co-working space, outdoor courtyard, heated greenhouse, rooftop deck and dog …

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