development2

MorningStar-Senior-Living-Holly-Park-Centennial-CO

MorningStar Senior Living, Edgemark Plan 160-Unit Seniors Housing Community Near Denver

by Amy Works June 18, 2021

CENTENNIAL, COLO. — MorningStar Senior Living and Edgemark Development LLC have unveiled plans for MorningStar Senior Living at Holly Park in the Denver suburb of Centennial. Groundbreaking is scheduled for fourth-quarter 2021 for planned completion in 2023. The four-story project will be located on three acres and offer 160 units of independent living, assisted living and memory care. This will be MorningStar’s second location in Centennial and 13th in Colorado. MorningStar and Edgemark will co-develop and own the community.

June 18, 2021

Development Florida Office Retail Southeast

Dubner Properties Completes $4M Redevelopment of Monarch Gardens Office, Retail Property in South Florida

by Julia Sanders June 18, 2021

MIRAMAR, FLA. — Dubner Properties has completed $4 million in renovations to Monarch Gardens, an office and retail property in Miramar. Construction firm Origin Construction, G3 Architecture Interiors Planning and engineering firm Kamm Consulting led the renovation project. Gibraltar Realty & Management oversaw the property’s renovation and will provide property management and owner’s representative services. The Monarch Gardens upgrades include a complete renovation of the main lobby, common areas and bathrooms, which include the installation of modern, touchless fixtures. The project included construction of three speculative office suites, as well as buildouts for incoming tenants such as Strayer University and Spectrum Brands. Within the office tower, ownership also installed bipolar ionization systems intended to slow or stop the spread of airborne pathogens such as the coronavirus. The property now features Class A office space as a result of the renovation. Monarch Gardens features 54,000 square feet of office space and 41,000 square feet of retail space at the street level. The mixed-use property has a tenant roster of Dollar Tree, Strayer University, APX Engineering and Spectrum Brands. Office spaces are available between 2,700 to 7,500 square feet. The property also offers office parking with a ratio of five spaces per …

June 18, 2021

Development Multifamily Texas

Legacy Partners, Bridge Investment Break Ground on 483-Unit Apartment Community in Austin

by Taylor Williams June 17, 2021

AUSTIN, TEXAS — Legacy Partners and Bridge Investment Group have broken ground on Camber Ranch on Parmer, a 483-unit apartment community in Austin. Designed by Humphreys & Partners, the community will consist of 22 residential buildings separated by a large green belt and wetland with walking trails. Units will range in size from 438 to almost 1,500 square feet, and multiple homes will include private garages. Other amenities will include a pool, fitness center, outdoor grilling areas, a demonstration kitchen, esports gaming center, podcast studios and a coworking lounge with a mix of common and private work areas. The project was announced in December 2020.

June 17, 2021

Affordable Housing Development Iowa Midwest Multifamily

Annex Group to Develop 180-Unit Affordable Housing Community in Cedar Rapids

by Kristin Harlow June 17, 2021

CEDAR RAPIDS, IOWA — The Annex Group has unveiled plans to develop Union at Wiley, a 180-unit affordable housing community in Cedar Rapids. Located at 4227 21st Ave. SW in Linn County, the $31.8 million project will include one-, two- and three-bedroom floor plans for residents who earn up to 60 percent of the area median income. Amenities will include a clubhouse, gaming area, playground and fitness center. Completion is slated for May 2022. The project team includes Sebree Architects, Crockett Engineering, Ament Design, Summit LIHTC Consulting, Hayes Gibson Property Services and GLD Commercial. Annex will serve as general contractor. CREA will serve as the equity partner, providing nearly $13 million in low-income housing tax credit equity. Cedar Rapids Bank & Trust is providing a $27 million construction loan and an $18.3 million permanent loan.

June 17, 2021

Development Midwest Missouri Multifamily

Draper and Kramer Breaks Ground on 225-Unit Apartment Building in St. Louis

by Kristin Harlow June 16, 2021

ST. LOUIS — Draper and Kramer Inc. has broken ground on Moda at The Hill, a 225-unit apartment building in The Hill neighborhood of St. Louis. The four-story project is part of a larger 11-acre master-planned community led by Draper and Kramer that also includes single-family homes and a condominium building. Moda at The Hill will offer a mix of one- and two-bedroom units measuring from 600 to 1,200 square feet. Amenities will include a fitness center, yoga studio, pool courtyard, parking garage, community lounges, pet care facilities and coworking spaces. Holland Construction, Humphreys & Partners Architects and HPA Design Group make up the project team. Gershman Mortgage provided construction financing. Completion is slated for late spring 2022.

June 16, 2021

Development Florida Office Southeast

Nuveen Nears Completion of $55M Renovation at Three Office Properties in Miami

by Julia Sanders June 14, 2021

MIAMI — Nuveen Real Estate is nearing completion of renovations at three of its office properties in Miami. The assets are located at 801 Brickell and 701 Brickell in the city’s Brickell financial district and at Waterford Business District, a 250-acre office hub that Nuveen co-owns with Allianz Real Estate. The capital improvements total $55 million in value and include digital, touchless features, new tenant amenities, building systems upgrades and other upscale renovations. The three office properties are slated to be complete by the first quarter of 2022. At 701 Brickell, an office tower in Miami’s Brickell financial district, JLL and Origin Construction are currently leading the remodel in progress. The renovations of the 685,835-square-foot tower comprises a complete remodeling of the main lobby with modern design features and furniture, the addition of a full-service fitness center, installation of touchless entry points and upgrades to the elevator port system to provide touchless access. As part of these capital improvements, an amenity floor was completed last year with a tenants-only lounge and conference center facility. Currently, 701 Brickell has tenants such as Holland & Knight, Kaseya, Expedia and the Greater Miami Convention & Visitors Bureau. The capital improvements on the other …

June 14, 2021

California Development Industrial Western

Alere Property Starts Construction of 211,000 SF Industrial Warehouse in Western Inland Empire

by Amy Works June 14, 2021

ONTARIO, CALIF. — Alere Property Group is developing a speculative industrial facility located on 9.3 acres at 1656 S. Cucamonga Ave. in Ontario. With construction underway, the 211,000-square-foot property will feature 40-foot clear heights; a 5,000-square-foot, two-story office space; 23 dock-high doors; two ground-level doors; and a 185-foot truck court with extra trailer parking. Completion is slated for third-quarter 2021. Additionally, Alere Property acquired two industrial properties: 1062 McGaw Avenue in Irvine and 14422 Astronautics Drive in Huntington Beach. Terms of the transactions were not released. The company will redevelop the 5.2-acre site in Irvine, which Ricoh USA occupies, into a 120,000-square-foot industrial facility with 36-foot clear heights, 13 dock-high doors and two ground-level doors. Completion is slated for 2023. The 47,000-square-foot Huntington Beach property, which Terrible Herbst Motorsports occupies, features 26-foot clear heights, a secured fenced yard and three ground-level doors.

June 14, 2021

Development Multifamily Nevada Office Western

Howard Hughes Developing Two New Projects in Las Vegas’ Summerlin Community

by Amy Works June 14, 2021

LAS VEGAS — The Howard Hughes Corp. has broken ground on two new projects at Summerlin in Las Vegas: 1700 Pavilion and Tanager Echo. Located directly south of the Las Vegas Ballpark, the 10-story 1700 Pavilion will feature 267,000 square feet of office space on three acres. The property will offer touchless entry from the garage to tenant suits and enhanced filtration throughout the building. Completion is slated for third-quarter 2022. The project team for 1700 Pavilion includes Hart Howerton, KGA Architects, Whiting Turner and CBRE as broker of record. Tanager Echo will bring 295 additional residential units to downtown Summerlin as the second phase of the Tanager multifamily project. The planned five- to six-story building will wrap around a 455-space parking garage allowing tenants direct parking access to their floor of residence. The unit mix will include studio, junior one-bedroom apartments and single- and two-bedroom apartments. Community amenities will include a clubhouse with concierge service, co-working area and lounge space, private dining room, a two-story entertainment space with bar, pool table, gaming area, fireplace and oversized seating for large gatherings and an outdoor pool area and spa with private cabanas, lounge seating, a firepit and barbecue areas. Additionally, the …

June 14, 2021

Development Florida Multifamily Southeast

Bristol Development, Hallmark Partners Open 308-Unit Vista Brooklyn Apartments in Jacksonville

by Julia Sanders June 14, 2021

JACKSONVILLE, FLA. — Bristol Development Group and Hallmark Partners have opened Vista Brooklyn, an apartment community situated between Five Points and downtown Jacksonville. Located at 200 Riverside Ave. on the corner of Riverside Avenue and Jackson Street, Vista Brooklyn includes 308 units ranging from studios to three-bedroom apartments. The community offers common and coworking spaces and views of downtown Jacksonville and the St. Johns River. Community amenities include a rooftop pool, beer garden and gathering space, a yoga and meditation suite, onsite dog park and grooming, a bike shop and storage area and a high-tech fitness center. The community also features over 13,000 square feet of new retail space on the ground floor lining Riverside Avenue. The property has opportunities for a restaurant concept, coffee shop or other retail uses. Due to the COVID-19 pandemic, there were many health enhancements to the property, such as touchless faucets in the kitchen, antimicrobial quartz countertops throughout each unit and Bluetooth-enabled locks. Brasfield Gorrie served as the general contractor for Vista Brooklyn, ETM was the civil engineer and JDavis Architects as the architect. The property is currently open for leasing, and NAI Hallmark is the leasing agent of record for the development’s commercial …

June 14, 2021

Development Multifamily Texas

SWBC to Develop 540-Unit Multifamily Project in Metro Dallas

by Taylor Williams June 14, 2021

CELINA, TEXAS — Texas-based developer SWBC has acquired 24 acres at the intersection of Legacy Drive and Frontier Parkway in the northern Dallas suburb of Celina for the development of a 540-unit multifamily project. The first phase of the Class A property will consist of a 270-unit complex that will be designed by Cross Architects and branded The Royalton at Creeks of Legacy. Units will feature one-, two- and three-bedroom floor plans with an average size of 900 square feet. Amenities will include a pool, fitness center, dog park and outdoor grilling and picnic areas. Construction is set to begin in the first quarter of 2022 and to last about 24 months.

June 14, 2021

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