development2

Meridian Design Build Nears Completion of Two Spec Industrial Buildings in Romulus, Michigan

by Kristin Harlow April 1, 2021

ROMULUS, MICH. — Meridian Design Build is nearing completion of two speculative industrial buildings at Ecorse Commons Industrial Park in Romulus. NorthPoint Development is the developer. The scope of the projects involved the redevelopment of a 69.5-acre parcel that was previously home to a General Motors engine test facility. Building 1 spans 409,158 square feet with a clear height of 36 feet, four drive-in doors, 213 auto parking spaces and 107 trailer parking stalls. Building 2 spans 245,390 square with a clear height of 32 feet, 195 auto parking spaces and 68 trailer parking stalls. Eugene Agnone III and Lauren Scarpace of CBRE marketed the buildings, which have been fully leased. Studio North Architecture and Hennessey Engineers made up the project team.

April 1, 2021

Affordable Housing Development Massachusetts Multifamily Northeast Seniors Housing

WinnDevelopment Breaks Ground on $19.2M Mixed-Income Redevelopment in Southern Massachusetts

by Taylor Williams April 1, 2021

NEW BEDFORD, MASS. — WinnDevelopment has broken ground on the $19.2 million redevelopment of the historic Cliftex Mill building in New Bedford, about 60 miles south of Boston. The project will convert the 114-year-old building into a 71-unit mixed-income housing development for adults 55 and older. The majority of the units (56) will be reserved for renters earning 60 percent or less of the area median income. Amenities will include a fitness center and a resident lounge. Completion is slated for August.

April 1, 2021

Development Georgia Life Sciences Mixed-Use Southeast

Trammell Crow, High Street Residential to Develop Mixed-Use Life Sciences Project Near Georgia Tech in Atlanta

by Julia Sanders March 31, 2021

ATLANTA — Trammell Crow Co. and High Street Residential are co-developing the remaining phases of Technology Enterprise Park (TEP) in Midtown Atlanta. Georgia Advanced Technology Ventures (GATV), a Georgia Tech-led cooperative organization that is overseeing this project, chose the two firms to deliver a mixed-use, life sciences center within TEP. Construction is slated to begin in early 2022. For each of the five planned project phases of TEP, there is a grant to establish a sustainable education and training program for residents, Georgia Tech students and teachers in surrounding neighborhoods to expose them to careers in the biomedical and life sciences industries. TEP currently has two existing buildings that house research and lab space. The property will begin the park’s long-term expansion with Phase I, which will feature two buildings that include 370,000 square feet of lab and office space and 280 residential apartments.

March 31, 2021

Development Healthcare Life Sciences Northeast Office Pennsylvania

PIDC, Ensemble, Mosaic to Build 220,000 SF Life Sciences Project at Philadelphia Navy Yard

by Taylor Williams March 31, 2021

PHILADELPHIA — PIDC, in partnership with Ensemble Real Estate Investments and Mosaic Development Partners, will build a 220,000-square-foot life sciences project at the Philadelphia Navy Yard. The two-building project is part of the $400 million Phase I of a $2.5 billion expansion at the 7.5 million-square-foot mixed-use development. The building at 1201 Normandy Place will span 100,000 square feet of lab, office and research and development space. The building at 33 Rouse Blvd. will total 120,000 square feet and will house similar uses, along with manufacturing and warehousing space. Both buildings are slated for completion by the end of 2022. PIDC is the public-private partnership behind and master developer of the Philadelphia Navy Yard.

March 31, 2021

Development Industrial North Carolina Southeast

Wigeon Capital Breaks Ground on 58,000 SF Industrial Building at Greenfield Business Park Near Raleigh

by Julia Sanders March 31, 2021

GARNER, N.C. — Wigeon Capital has broken ground on a new flex and warehouse construction project at Greenfield Business Park in the Raleigh suburb of Garner. Construction on the first building, a 58,000-square-foot facility, is underway at 3300 Waterfield Drive. The site is located at the intersection of US Highway 70 and Interstate 40. During the second quarter of this year, Wigeon Capital plans to break ground on a 96,000-square-foot shallow bay industrial facility that will feature tilt wall concrete walls and 32-foot clear heights. The Raleigh-based firm is also planning a three-building project on an adjacent parcel that will offer a 150,000-square-foot bulk distribution facility and two additional shallow bay industrial buildings of 58,000 and 48,000 square feet in size. Jimmy Barnes of Tri Properties | NAI Carolantic is overseeing leasing efforts at Greenfield Business Park.

March 31, 2021

Development Industrial Midwest Wisconsin

Peak to Construct 757,281 SF Industrial Building in Kenosha, Wisconsin

by Kristin Harlow March 31, 2021

KENOSHA, WIS. — Peak Construction Corp. has been selected by NorthPoint Development to construct Heartland 94 Logistics Center Building 1 in Kenosha. Construction is scheduled to begin this spring with completion slated for January 2022. The 757,281-square-foot industrial building, located at 8311 38th St., will feature a clear height of 40 feet, 76 dock doors, four drive-in doors, 234 trailer parking spaces and 414 car parking spaces. The project team includes studioNorth Architecture and Pinnacle Engineering Group.

March 31, 2021

Development Industrial Washington Western

Bridge Development, PCCP Acquire South Tacoma Land Parcel for Bridge Point Lakewood 90 Industrial Development

by Amy Works March 31, 2021

LAKEWOOD, WASH. — Bridge Development Partners and Pacific Coast Capital Partners (PCCP) have purchased a 4.2-acre land site in Lakewood for the development of Bridge Point Lakewood 90, an industrial property in the South Tacoma submarket. The project team plans to break ground on the 92,445-square-foot building in May, with delivery expected in first-quarter 2022. The warehouse and distribution facility will feature a front-loading configuration, 32-foot clear ceiling heights, ESFR sprinklers, LED lighting, a 124-foot truck court, 14 exterior dock doors (four drive-in) and parking for 88 cars. Bill Condon and Matt McGregor of Colliers International represented the undisclosed seller in the transaction and will serve as leasing brokers for the project.

March 31, 2021

Arizona Development Industrial Western

VanTrust Enters Southern Arizona Market with Development of Two Amazon Sortation Centers in Tucson, Glendale

by Amy Works March 31, 2021

TUCSON AND GLENDALE, ARIZ. —VanTrust Real Estate has commenced construction of two Amazon sortation centers, including the VanTrust’s first Southern Arizona project in Tucson. The properties are a 270,000-square-foot facility on a 46-acre site at East Corona Road and South Alvernon Way in Tucson and a 270,000-square-foot asset on 42 acres at North Sarival Road and Maryland Avenue in Glendale. Irvine, Calif.-based HPA Architecture designed both of the facilities. The Tucson location will be Amazon’s fourth building to open in Southern Arizona and the first project in Pima County for VanTrust.

March 31, 2021

Alabama Development Multifamily Southeast

Novare Group, BCDC to Develop 290-Unit Apartment Community in Madison, Alabama

by Julia Sanders March 30, 2021

MADISON, ALA. — Novare Group and Batson-Cook Development Co. (BCDC) plan to develop a new apartment community in Madison. Synovus Bank provided construction financing to the co-developers, and Marble Capital provided equity for the 290-unit, mid-rise community. The Synovus loan was not disclosed but reportedly totaled $31.5 million. The unnamed project will include three, four-story residential buildings with two ground-floor retail spaces totaling 5,000 square feet. Each building will have conditioned corridors and elevators, and there will be 483 surface parking spaces and 25 detached garages. The property will offer studios, one- and two-bedroom units. Community amenities will include a resort-style swimming pool, private coworking lounge with private rooms and a conference room, fitness center with a yoga and spin room, dog park, clubroom with demo kitchen and fireplace and direct access to the Singing River Trail, a 70-mile-long Northern Alabama trail system. The project will also include eight live/work units. Located at 375 Lime Quarry Road, the community will be adjacent to Town Madison, a 563-acre mixed-use urban, walkable community. Niles Bolton Associates is the architect, Walter Schoel Engineering Co. is the civil engineer and Doster Construction Co. is the general contractor. Construction will commence in April, with the …

March 30, 2021

Arizona Development Industrial Western

Wadsworth Development Purchases 10-Acre Site for Spec Industrial Project in Phoenix

by Amy Works March 30, 2021

PHOENIX — Wadsworth Development Group has acquired a 10-acre land parcel located at the southwest corner of 15th Avenue and Pinnacle Peak Road in the Deer Valley submarket of Phoenix. An undisclosed seller sold the property for $6.1 million. Wadsworth plans to develop a speculative industrial project offering 136,000 square feet spread across three buildings. Slated for completion this August, the facilities will feature 28-foot to 32-foot clear heights, grade-level loading, 227/480-volt power and above-market parking ratio. Robert Lundstedt, Skip Corley and Chase Heinemann of DAUM Commercial represented the seller and procured the buyer in the transaction.

March 30, 2021

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