development2

Marshall Hotels & Resorts Opens 63-Room Hotel Indigo in Birmingham

by Camren Skelton September 14, 2018

BIRMINGHAM, ALA. — Marshall Hotels & Resorts has opened the 63-room Hotel Indigo Birmingham Five Points S-UAB. Located in the Five Points South area, Birmingham’s arts, entertainment and dining district, the hotel is near attractions including the Birmingham Botanical Gardens, McWane Science Center and the Birmingham Civil Rights Museum. In addition, the property is a half-mile from University of Alabama at Birmingham (UAB). The building was originally designed in the 1930s for medical offices and was converted into a hotel in the 1980s. Marshall Hotels completed a $5 million renovation to convert the hotel from the Hotel Highland Downtown to a Hotel Indigo, a chain of boutique hotels under the InterContinental Hotels Group umbrella. The hotel features the Rx lounge, a themed bar and restaurant that captures the building’s medical arts origins.

September 14, 2018

California Development Retail Western

Ross Dress for Less to Open Three New Stores in Greater Los Angeles

by Amy Works September 14, 2018

GLENDALE, SOUTH LOS ANGELES AND SANTA FE SPRINGS, CALIF. — Ross Dress for Less will open three stores in downtown Glendale, South Los Angeles and Santa Fe Springs on Oct. 13. The 27,000-square-foot Glendale store is located in the Glendale Marketplace at the corner of North Brand Boulevard and East Broadway; the 30,000-square-foot South Los Angeles location is in the Vermont-Slauson shopping center at the corner of South Vermont Avenue and West Slauson Avenue; and the 23,000-square-foot Santa Fe Springs store is located in Gateway Plaza at the corner of Telegraph Road and Carmenita Road. With these new openings, Ross will operate 300 stores in California for a total of 1,459 locations. Together, Ross Dress for Less and dd’s Discounts currently operate nearly 1,700 off-price apparel and home fashion stores is 38 states, the District of Columbia and Guam. In late August, Ross Stores, the parent company of Ross Dress for Less, signed a lease for 1 million square feet of industrial space at 4100 Express Ave. in Shafter, Calif., within Wonderful Industrial Park, which is owned by Wonderful Real Estate Development. Additionally, the company owns a 1.7 million-square-foot distribution center located near the newly leased facility in Shafter.

September 14, 2018

Development Florida Multifamily Seniors Housing Southeast

ZOM, Liberty Acquire 46 Acres in Palm Beach County for $180M Seniors Housing Development

by Camren Skelton September 13, 2018

WELLINGTON, FLA. — ZOM Senior Living, in a joint venture with Liberty Senior Living, has acquired a 46-acre lakefront site in Wellington, a village in Palm Beach County. The companies plan to build a $180 million, multi-phase, mixed-use seniors housing community on the plot. The site is located adjacent to 400,000 square feet of retail and restaurants, including The Mall at Wellington Green. When completed, the first phase of the community will offer 267 units of independent living, assisted living and memory care. Construction is scheduled to begin in first-quarter 2019. The centerpiece of the community will be a two-story, 65,000-square-foot clubhouse and amenity building. Units will be offered in a variety of formats, including single-story villas (with attached garages), three-story garden flats and residences within a six-story building attached directly to the main amenity building. At full build-out, the project is anticipated to include over 424 units. This will be the first project for ZOM Senior Living, which was recently formed by Orlando-based multifamily developer ZOM Living. It’s the first project in Florida for North Carolina-based operator Liberty Senior Living, a subsidiary of Liberty Healthcare. LS3P Architects and MSA Architects are providing design and architectural services, while Balfour Beatty …

September 13, 2018

Development Industrial North Carolina Southeast

Griffin to Build 147,000 SF Spec Facility within Industrial Park Near Charlotte

by Camren Skelton September 13, 2018

CONCORD, N.C. — Griffin Industrial Realty Inc. has unveiled plans to expand its Carolina Tradeport industrial park in Concord, a city roughly 25 miles northeast of Charlotte. Griffin acquired 22 acres of land at the site in July for the development of a 147,000-square-foot speculative building — the second within the development. The building will be located directly across from the first building, a 277,252-square-foot warehouse. Site work is scheduled to begin on the second building this month, with completion slated for May 2019. The building will feature 210-foot depth, a 60-foot speed bay, 32-foot clear heights, an ESFR sprinkler system, 42 loading docks, two drive-in doors, trailer parking and 172 auto parking spaces. The third building, which will total 136,000 square feet, is available for prelease. William Maxwell and Terry Brennan of Trinity Partners are handling Carolina Tradeport’s leasing assignment and managing the park.

September 13, 2018

Development Midwest Missouri Retail

New Retailers to Open at Twin Creeks Center in Kansas City

by Kristin Harlow September 13, 2018

KANSAS CITY, MO. —Ross Dress for Less, Petco and Ulta are scheduled to open in the coming months at Twin Creeks Center in Kansas City. The retailer additions are part of a $15 million renovation to the 409,060-square-foot retail center, which is currently anchored by Target and Kohl’s. The expansion will add 200,000 square feet to the property, which is situated on 16 acres. Ulta opened its 10,000-square-foot store earlier this month. Ross is slated to open its 24,946-square-foot store in October, followed by Petco in February 2019. United Development Co. and Falcon Realty Advisors are the property owners. Tom O’Leary and Wes Buckley of Lane4 Property Group are the leasing brokers for the property.

September 13, 2018

McClellan-Distribution-Center-Sacramento-CA

California Development Industrial Western

McClellan Park Breaks Ground on 417,000 SF Distribution Warehouse in Sacramento

by Amy Works September 13, 2018

SACRAMENTO — McClellan Business Park LLC has broken ground on McClellan Distribution Center, a speculative warehouse facility located at 2400 McClellan Park Drive in Sacramento. Slated for completion in mid-2019, the 417,214-square-foot Class A property will be divisible and able to accommodate up to 22,000 square feet of customizable office space. Additionally, the property will feature cross-dock loading with 135-foot truck courts, 95 dock doors, four grade-level doors, 36-foot clear heights, 50-foot by 54-foot column spacing, rail spur potential (Union Pacific Railroad and BNSF Railway) and ESFR sprinklers. The property is being constructed on 22.9 acres on McClellan Park’s west side industrial district. McClellan Park LLC has more than 500 acres of developable land in this specific district and is entitled to construct more than 5 million square feet of industrial space. Since the official closure of McClellan Air Force Base in 2001, the privatized McClellan Park has grown to include a mix of companies that span its 8.5 million square feet of leasable space and 500 acres of developable land. A total of $580 million has been invested across the project in infrastructure and building improvements. The project includes a mix of residential, office, warehouse, event venue, retail and …

September 13, 2018

Development Mixed-Use Texas

Triple Crown Begins 80,000 SF Mixed-Use Redevelopment Project in Houston

by Taylor Williams September 12, 2018

HOUSTON — Triple Crown Investments has begun work on Southside Commons, an 80,000-square-foot redevelopment project in Houston. The developer will convert the former site of Palace Bowling Lanes, located at 4191 Bellaire Blvd., into a mixed-use development. Individual components will include 10,000 square feet of retail space, 30,000 square feet of entertainment/restaurant space and 40,000 square feet of office and medical office space. Arch-Con Construction is serving as general contractor on the project, which is expected to open in late summer 2019.

September 12, 2018

Development Georgia Industrial Southeast

Trammell Crow, Clarion Buy 109.7 Acres for Third Phase of Industrial Park in Northeast Georgia

by Camren Skelton September 12, 2018

JEFFERSON, GA. — Trammell Crow Co. (TCC) and joint venture partner Clarion Partners LLC have acquired 109.7 acres for the third phase of Jefferson Mill Business Park, an industrial park in the northeast Georgia city of Jefferson. The acquisition represents an assemblage of seven properties held by seven different owners. Price Weaver and Ben Logue of Colliers International represented TCC and Clarion Partners in the transaction. Matt McCord of Norton Commercial, Grant Whitworth of Whitworth Land Corp. and Kim Bowman of Keller Williams represented the various sellers. Phase III of Jefferson Mill Business Park will be a build-to-suit, cross-dock distribution facility that will span between 1.1 and 1.5 million square feet. The first two phases of the industrial park include more than 500 trailer spaces and 1,000 auto parking spaces. All together, Jefferson Mill Business Park spans 232 acres and includes 2.7 million square feet of industrial space. A construction timeline for Phase III was not disclosed.

September 12, 2018

Development Florida Industrial Southeast

Flagler, Ware Malcomb Complete Build-to-Suit Industrial Facility in Miami-Dade County for Aerospace Firm

by Camren Skelton September 11, 2018

HIALEAH, FLA. — Construction is complete on the new KLX Aerospace Solutions global headquarters and distribution hub located in Hialeah, a city in Miami-Dade County. Ware Malcomb provided master planning and architectural design services for the 700,000-square-foot project, which is part of the first phase of the planed 95-acre Countyline Corporate Park, a logistics park developed by Flagler Global Logistics. KLX Aerospace Solutions is a distributor of aerospace hardware and provider of supply chain management solutions for Original Equipment Manufacturers (OEMs), Maintenance and Repair Operations (MROs) and airlines across the globe. The new facility features concrete tilt-up construction, metal canopy parking structure, electric car charging stations, a café, recreational area and outdoor seating. Turner Construction was the general contractor for the project.

September 11, 2018

Development Midwest Ohio Retail

DealPoint Merrill to Redevelop Retail Property Formerly Occupied by Giant Eagle in Cleveland

by Kristin Harlow September 10, 2018

CLEVELAND — DealPoint Merrill is redeveloping a former Giant Eagle store in Cleveland. The developer plans to convert the 56,500-square-foot property, which is situated on 4.3 acres at 13820 Lorain Ave., into a CubeSmart Self Storage location. Plans also call for the construction of a restaurant on an adjoining pad site. Project completion is slated for the first quarter of 2019. Overland Associates was the seller. DealPoint Merrill received a $6.6 million construction loan from an undisclosed lender for the project.

September 10, 2018

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