development2

AHV Communities Expands into Seattle Market with Duvall Village Apartment Development

by Amy Works April 14, 2021

DUVALL, WASH. — AHV Communities is developing Duvall Village, its first multifamily community in the Seattle market. Located in the northeastern suburb of Duvall, the property will include 99 three-story townhomes designed in cottage and farmhouse styles. Milbrant Architects designed the community, which offers two-, three- and four-bedroom layouts with 2.5 to 3.5 baths, two-car garages and private fenced yards. Units will feature quartz countertops, stainless steel energy-efficient appliances, luxury flooring and walk-in closets. Smart unit features will include modern LED recessed lighting and smart Alarm.com panels by GreenMarbles with smart door locks, as well as Wi-Fi thermostats and garage door openers. Community amenities will include a tot lot and outdoor fitness equipment, as well as access to the Snoqualmie Valley Trail and Snoqualmie River. Thrive Communities will provide on-site management and leasing for the property, which is located at 14301 Railroad Way NE. Leasing is slated to commence in June, though the estimated completion timeline was not disclosed.

April 14, 2021

Development Industrial Self-Storage Texas

Brookwood Properties Completes 1,500-Unit Self-Storage Facility in Austin

by Taylor Williams April 14, 2021

AUSTIN, TEXAS — Developer Brookwood Properties LLC has completed a 1,500-unit self-storage facility at 4500 S. Congress Ave. in Austin. Buffalo, N.Y.-based LifeStorage is managing and operating the three-story, Class A facility, which spans approximately 146,500 net rentable square feet. Kansas-based Kaufman Design served as the project architect, and Louisiana-based Rosehill Construction served as the general contractor. The facility is Brookwood’s fifth in the Austin area and 11th in Texas.

April 14, 2021

Affordable Housing Development Multifamily New York Northeast Seniors Housing

Olshan Properties, O’Connor Capital Break Ground on 221-Unit Senior Living Project in The Bronx

by Taylor Williams April 14, 2021

NEW YORK CITY — A joint venture between development and investment firm Olshan Properties and New York City-based O’Connor Capital Partners has broken ground on Parkchester Gardens, a 221-unit affordable senior living project in the Parkchester area of The Bronx. Units will be reserved for renters earning 50 percent or less of the area median income. Wells Fargo is financing the project in conjunction with the New York City Housing Development Corp. and the Department of Housing Preservation & Development. Completion is slated for the middle of 2023.

April 14, 2021

Development Massachusetts Multifamily Northeast Seniors Housing

Salmon Health Prepares to Open 57-Acre Campus in Medway, Massachusetts

by Taylor Williams April 13, 2021

MEDWAY, MASS. — Salmon Health & Retirement has started taking reservations at Salmon at Medway, a 57-acre seniors housing campus in the Boston suburb of Medway. The community will offer cottage and apartment-style independent living together with apartment-style assisted living and memory care. The number of units was not disclosed.

April 13, 2021

Development Multifamily Texas

Signorelli Underway on 269-Unit Gregory Apartments in Metro Houston

by Taylor Williams April 12, 2021

PORTER, TEXAS — Locally based developer The Signorelli Co. is underway on construction of The Gregory Apartments, a 269-unit multifamily community that will be located within the Valley Ranch master-planned community in the northeastern Houston suburb of Porter. The property will feature one- and two-bedroom units averaging 900 square feet. Amenities will include a pool, fitness center, social lounge areas, a business center and direct access to several acres of open green space. The first units are expected to be available for occupancy later this year. Information on starting rents was not disclosed.

April 12, 2021

Development Florida Healthcare Southeast

Partnership to Develop 87-Acre Healthcare Campus in Panama City Beach, Florida

by Julia Sanders April 12, 2021

PANAMA CITY BEACH, FLA. — The St. Joe Co., Tallahassee Memorial HealthCare Inc. (TMH) and Florida State University College of Medicine have partnered to develop a healthcare campus in Panama City Beach. The campus’ planned location is on an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway. The property is planned to be close to the Latitude Margaritaville Watersound community, a 55-and-older community that is planned for 3,500 homes. Future development plans of the healthcare campus include the construction of an emergency center and 100-bed inpatient facility offering services such as gastroenterology, urology, gynecology, cardiology and general surgery, among others. The parties intend to create a local fiduciary governance structure for the planned campus. TMH currently serves 17 counties in Florida and Georgia. This would be its first facility in Bay County. The parties intend to break ground on the project as early as 2022.

April 12, 2021

Development Mixed-Use Southeast West Virginia

Heidenberg, JV Partner to Add Mix of Uses to Potomac Marketplace in Ranson, West Virginia Following Zoning Change

by Julia Sanders April 12, 2021

RANSON, W.VA. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has announced plans to add a mix of uses to Potomac Marketplace in Ranson. In March of this year, the City of Ranson’s Planning Commission approved the rezoning of Potomac Marketplace to allow for the creation of a mixed-use and walkable neighborhood. Potomac Marketplace is located within an opportunity zone and can support up to 50,000 square feet of future development, including complimentary uses such as multifamily, office, medical and/or hospitality. The rezoning allows for higher density development at the site that would accommodate new apartments and offices, according to Heidenberg Properties Group. The shopping center opened in 2006 and is prominently located along Route 9. Current tenants include Marshalls, The Home Depot, Kohl’s, regional grocer Weis Markets, Petco and a variety of fast-casual restaurants such as Panera Bread, Glory Days Grill and Dunkin’.

April 12, 2021

Acquisitions Development Multifamily Seniors Housing Southeast Tennessee

Bridgewood Acquires Land in Nashville, Plans to Develop Luxury Seniors Housing Community

by Julia Sanders April 9, 2021

NASHVILLE, TENN. — Bridgewood Property Co., a Houston-based developer of senior living properties, has acquired land at 3808 Cleghorn Ave. in Nashville for the development of a mid-rise, luxury retirement community. With guidance and input from zoning counsel; Tune, Entrekin & White PC; the Metropolitan Planning Department; and local neighborhood groups, the property received zoning approval in February 2021 to build 205 senior living units within a 12-story facility. The new Bridgewood community in the city’s Green Hills neighborhood will offer independent living, assisted living and memory care residences and will be located close to the neighborhoods of Belle Meade, Forest Hills and Hillwood. The purchase price of the land was not disclosed. ESa is the project architect of the unnamed community, and Catalyst Design Group will provide civil engineer services. The project’s construction timeline was not disclosed.

April 9, 2021

Development Healthcare Texas

Signorelli Reveals Updated Site Plans for 200-Acre Medical District in Metro Houston

by Taylor Williams April 9, 2021

NEW CANEY, TEXAS — Locally based developer Signorelli Co. has revealed updated site plans for the Valley Ranch Medical District, a 200-acre campus within the firm’s Valley Ranch master-planned community located northeast of Houston in New Caney. Valley Ranch Medical District will consist of a 25-acre regional hospital with over 250 beds, a 13.7-acre medical school campus and a 21-acre medical research facility. A day surgery, pediatric clinic and approximately 28 acres devoted to medical offices will be included as well. The development will also include retail, restaurants and academic buildings. The detention and drainage for the entire development is scheduled to be complete in the next 120 days with site work for streets and utilities to follow immediately.

April 9, 2021

Development Industrial Midwest Missouri

Hunt Midwest to Expand SubTropolis by Additional 700,000 SF

by Kristin Harlow April 8, 2021

KANSAS CITY, MO. — Hunt Midwest has unveiled plans to build out an additional 700,000 square feet of Class A space in SubTropolis, the world’s largest underground business complex, located in Kansas City. The expansion, built on a speculative basis, will provide tenants with space for warehousing and distribution operations. With more than 7 million square feet of industrial space, SubTropolis offers lower operations and leasing costs than traditional above-ground industrial buildings, according to Hunt Midwest. It also offers a naturally temperature-controlled climate, helpful for storing inventory with a limited lifespan or specific temperature needs. A substantial portion of the business complex is currently utilized for e-commerce; archival and document storage; pharmaceutical and animal health facilities; and food distribution.

April 8, 2021

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