ELK GROVE VILLAGE, ILL. — Seefried Industrial Properties has acquired an 8.8-acre site in Elk Grove Village with plans to develop a two-building industrial project spanning 163,000 square feet. The speculative development, situated in the Centex Industrial Park near O’Hare International Airport, will feature a clear height of 32 feet, 24 docks, eight trailer positions and 175 car parking spaces. Jonathan Kohn and Ron Behm of Colliers International represented Seefried in the land assemblage. The project team includes Harris Architects, Jacob & Hefner and Premier Design + Build. Completion is slated for the first quarter of 2021.
BEAUFORT, S.C. — The Stellar Group has completed the $2.7 million renovation of Marine Corps Exchange (MCX) on the Marine Corps Air Station in Beaufort. Stellar upgraded the 16,000-square-foot mall and food court, as well as the adjacent 6,500-square-foot fueling station. MCX carries items needed for a quick one-stop shopping experience for personnel, including men’s and women’s athletic wear, athletic shoes, beauty aids, personal care, military gifts and electronics. The United States Marine Corps Non-Appropriated Funds (NAF) and Appropriated Funds (APF) provided the capital for the design and construction of the renovation. U.S. Army Installation Management Command (IMCOM) managed the contract.
RICHMOND, TEXAS — Dallas-based Trammell Crow Co. has broken ground on an 850,000-square-foot fulfillment center for Amazon in Richmond, a southwestern suburb of Houston, a project that is expected to bring about 1,000 new jobs to the region. The property will be situated on 93.5 acres at 10507 Harlem Road and is expected to open in 2021. Ware Malcomb is designing the project, and Graycor Construction Co. is the general contractor. Other project partners include engineering firms HAS & Associates, Langan Engineering, Jordon & Skala Engineers and Harrington Group Inc. Tony Patronella and Jeanie Gibbs of locally based firm Read King represented the seller of the land. Stephen Schneidau of Cushman & Wakefield and Matt O’Brian of KBC Advisors represented the buyer.
FOUNTAIN INN, S.C. — The Sudler Cos. will develop Fox Hill Business Park, which will span 172 acres at full buildout, in Fountain Inn. Sudler will break ground on the first spec property, a 206,410-square-foot building, this quarter. The building will feature 32-foot clear heights and trailer parking. The Chatham Township, N.J.-based developer expects to deliver the property in spring 2021. Fox Hill will be situated at 189 Milacron Drive, 19 miles southeast of downtown Greenville. Grice Hunt, Ford Borders and Clay Williams of NAI Earle Furman LLC will handle leasing and marketing efforts on behalf of the owner.
ALBUQUERQUE, N.M. — Albuquerque-based Goodman Realty is developing Portland Building, an office building located within Winrock Town Center in Albuquerque. The ground-up construction project will feature a three-story, 28,000-square-foot office and retail property, along with a park, all situated on a two-acre site. Goodman plans to break ground on the asset in fourth-quarter 2020, with completion slated for second-quarter 2022. The project is expected to cost $8.5 million. Located at 2100 Louisiana Blvd. NE, Winrock Town Center offers 1.1 million square feet of retail space, 825 multifamily residential units, 160 hotel rooms and 130,000 square feet of office space.
CHARLOTTE, N.C. — Third & Urban has partnered with Angelo Gordon to develop Lower Tuck, an $80 million, 260,000-square-foot mixed-use project in Charlotte’s west side. Atlanta-based Third & Urban will transform the existing four-building property into office, showroom and retail space. The property is located along Tuckaseegee Road (where the project named is derived) between Jay and Gesco streets, two miles west of downtown Charlotte. Cadence Bank has provided a $48 million construction loan to the developers. Charley Leavitt, Barry Fabyan and Alexandra Mann of JLL will handle leasing efforts for the space. The design team includes Smith Dalia Architects, civil engineer LandDesign and general contractor Gay Construction. The development team expects to begin construction this summer with initial units being delivered in summer 2021.
LAKEWOOD RANCH, FLA. — LandSouth Construction has broken ground on Summerhouse Apartments, a planned 257-unit, five-building community in Lakewood Ranch. The property will offer one-, two- and three-bedroom floor plans. Communal amenities will include a clubhouse, pool and dog fountains. The five-acre plot is situated at 11716 18th Place, 48 miles south of downtown Tampa. LIV Development is developing the asset, which is expected to deliver in winter 2022.
MALVERN, PA. — A joint venture between GMH Capital Partners LP and AEW Capital Management LP plans to develop The Pendleton at Malvern, a 225-unit multifamily property in Malvern, a northwestern suburb of Philadelphia. The community will offer studio, one- and two-bedroom units. Amenities will include a fitness studio, conference rooms and resident lounge. The property will offer convenient access to State Route 202, Interstate 76 and The Pennsylvania Turnpike. The community is slated to open in summer 2021.
TALLAHASSEE, FLA. — Housing Trust Group (HTG) has broken ground on Lafayette Gardens, a planned 96-unit affordable housing community in Tallahassee. The property will offer one-, two- and three-bedroom floor plans with rents ranging from $315 to $930 per month. The units will be reserved for residents earning at or below 33 percent of area median income (AMI) or 60 percent of AMI. Units will range in size from 709 square feet to 1,159 square feet. Communal amenities will include a clubhouse, pool, playground, media center, fitness center and a biking/walking trail. Residents will also have access to employment assistance, financial management and literacy services onsite. Hennessy Construction Services is the general contractor, Fugleberg Koch is the architect, Inovia Group is the civil engineer, Stiles Interiors is the interior designer and Wood + Partners is the landscape architect. HTG expects to open the community in June 2021. Chase Bank provided an initial $15 million construction loan, Raymond James provided $16.1 million in 9 percent low income housing tax credit (LIHTC) equity and Walker & Dunlop provided a $4.8 million Freddie Mac permanent loan for the development.
LOS ANGELES — Meta Housing, as developer, and R.D. Olson Construction, as general contractor, have broken ground on Lamp Lodge, a 49,000-square-foot affordable housing community in downtown Los Angeles. Located at 660 Stanford Ave., the seven-story building will offer 74 studio units, seven one-bedroom apartments and one two-bedroom unit. All units will feature a refrigerator, dishwasher and range, as well as energy-efficient windows. Community amenities will include an on-site laundry room, community center and open residential courtyard. KFA Architecture and JAG Interiors are serving as architects for the project, which is slated for completion in first-quarter 2021. JP Morgan Bank and the Housing Authority of the City of Los Angeles are funding the development, which is situated on the site of a former four-story apartment community.