TOPEKA, KAN. — Darland Construction Co. has completed the conversion of a former Kmart store in Topeka into Wanamaker Hills Shopping Center. The 108,546-square-foot retail property is now home to Ulta, Old Navy, DSW, Five Below and Petco. Equity Investment Group, an Indiana-based developer, bought the property in 2014. Schwerdt Design Group was the project architect.
SPRING, TEXAS — Locally based developer Fein has acquired 17.4 acres in the northern Houston suburb of Spring for the development of The Canopy at Springwoods Village, a 332-unit apartment community. The property will be located within the 2,000-acre Springwoods Village mixed-use development, which is situated at the confluence of Interstate 45, Hardy Toll Road and the Grand Parkway. Designed by Steinberg Dickey Collaborative, the community will offer one-, two- and three-bedroom units ranging in size from 552 to 1,705 square feet. Unit interiors will feature stone countertops, tile backsplashes, custom cabinetry, stainless steel appliances and full-sized washers and dryers. Amenities will include a clubroom with a golf simulator and billiard and ping pong tables, a fitness center with yoga and spin studios, pool with tanning ledges and cabanas and a 1.5-acre lake with surrounding walking trails. The groundbreaking is scheduled for January 2020, and completion is slated for the fourth quarter of 2021.
ORANGE, CONN. — Angel Commercial LLC has brokered the $7.3 million sale of a 23.3-acre parcel zoned for industrial development in Orange, a western suburb of New Haven. The property is situated at 205 Indian River Road, adjacent to PEZ Manufacturing Inc.’s production facility and Interstate 95. A FedEx building is also under construction in the same area. The parcel was subdivided and sold to four different undisclosed buyers. Jon Angel of Angel Commercial represented the seller, Indian River Road LLC, in the transaction.
WEST BABYLON, N.Y. — German grocer Lidl has opened a 36,000-square-foot store at Hubbards Commons, a 65,970-square-foot shopping center in West Babylon on the western part of Long Island. Lidl will offer produce, meat, freshly baked goods and an array of household products. Hubbards Commons is located along Sunrise Highway, which connects Long Island to New York City. The property is now 98 percent leased to tenants including Walgreens, Orangetheory Fitness and Subway. ShopOne is the landlord of Hubbards Commons.
ALAMEDA, CALIF. — Wood Partners has broken ground on Alta Buena Vista, an apartment community located at 1501 Buena Vista Ave. in Alameda. Situated on the northern waterfront, the 10-acre community will mix the existing six-acre historic 1920s-era Del Monte Warehouse with new apartments and retail spaces. BAR Architects designed the project. Slated to open in early 2022, Alta Buena Vista will offer 372 apartments in a mix of studio, one- and two-bedroom floor plans, as well as two- and three-bedroom townhomes. Additionally, the property will feature a fitness center, resident lounge, multiple roof decks and 11,000 square feet of ground-floor retail space.
HOUSTON — Hines has begun construction on Phase II of Boulevard Oaks Business Park, a project that will deliver approximately 1.1 million square feet of industrial space across six buildings. Boulevard Oaks Business Park spans 120 acres and is located in southwest Houston. Phase I of the project delivered 450,000 square feet of new industrial space across four buildings that is now 95 percent occupied. Phase II is expected to be complete in the third quarter of 2020. Burton Construction is the general contractor for the project, and Powers Brown is the architect of record. Cushman & Wakefield handles leasing of the property.
NEW YORK CITY — Ariel Property Advisors has brokered the $3.3 million sale of 99-103 Grove Street, a 16,500-square-foot development site in the Bushwick neighborhood of Brooklyn. The site is zoned for residential construction and offers close access to several transportation nodes, including the J, L and M subway lines. The Buren café and Sunrise Sunset wine bar are also located nearby. Sean Kelly, Shimon Shkury and David Khukhashvili of Ariel represented the seller, Brookland Capital, in the transaction. The team also procured the buyer, which was undisclosed.
ASHLAND, VA. — Rochester, N.Y.-based Wegmans Food Markets Inc. will invest $175 million to establish a new regional distribution operation in Hanover County, 13 miles northeast of Richmond. Located along Sliding Hill and Ashcake roads in Ashland, the new campus will allow the grocer to expand its distribution network on the East Coast and grow its retail footprint, while creating 700 new jobs. Wegmans currently has over 100 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, Massachusetts and North Carolina. No construction timeline was given for the new Virginia campus. The economic development agency Virginia Economic Development Partnership (VEDP) worked with Hanover County and a second economic development agency, the Greater Richmond Partnership, to secure the project. VEDP will administer a $2.4 million grant from the Commonwealth’s Opportunity Fund to assist Hanover County with the project. According to Virginia Gov. Ralph Northam’s office, the state of Virginia competed directly with the state of North Carolina for the project.
SAN DIEGO — Parkview Financial has provided a $7 million loan to San Francisco-based India & Beech for the acquisition of a land parcel and the first phase of construction funding for a high-rise residential and retail tower in downtown San Diego. Located at 1460 India St. within the Little Italy neighborhood, the 10,019-square-foot site is currently being used as a parking lot. The borrower recently acquired the property for $7.1 million, using Parkview’s loan in conjunction with cash on hand. The buyer plans to develop a fully entitled, 28-story, mixed-use urban infill project. The proposed development will feature 150 apartments, 11,724 square feet of retail space and two levels of above-grade parking totaling 150 spots. Construction is slated to begin in 2020, with completion scheduled for 2022.
CHINO, CALIF. — United Trust Realty Corp. (UTRC) has purchased 7.53 acres of commercially zoned land within College Park Master Planned Community in Chino. Lennar Homes sold the land parcel for $2.9 million. The site is the last remaining piece to be developed within the 710-acre community that includes 2,500 residential units featuring a mix of single-family and multifamily residences, a clubhouse, fitness center, picnic areas and trails. Chino Hills, Calif.-based UTRC plans to develop Village Center, a mixed-use project, at the site. The development will include 15,000 square feet of retail and food uses, a day care and a church. In addition to the residents of College Park and neighboring communities, the property is positioned to serve the adjacent Chaffey College satellite campus and the 140-acre Ruben S. Ayala Park. UTRC plans to request development permits from the City of Chino and Chaffey College in the upcoming months. Chris Lindholm of Progressive Real Estate Partners represented the buyer and seller in the deal.