development2

Ozburn-Hessey Logistics Adds Sixth Location in Fort Worth

by Haisten Willis December 15, 2015

FORT WORTH, TEXAS — Ozburn-Hessey Logistics LLC has set up shop in the 100,500-square-foot Northpoint Trade Center Building II in Fort Worth, leasing the entire building for its sixth location in north Texas. Nick Talley of Dallas-based Bradford Commercial Real Estate Services represented the landlord, Exeter 700-751 Eight Twenty LP, in the transaction. Ozburn-Hessey, Northpoint’s new tenant at 731 Eight Twenty Blvd. in Fort Worth, has boosted occupancy to 94 percent in the 403,160-square-foot, four-building industrial project. The remaining vacancy totals 24,276 square feet. Developed in 1999, the project offers access to I-35 and Loop 820. Building II boasts 24-foot clear heights, 26 dock doors, a sprinkler system and 116 parking spaces on a 5.2-acre tract with 120-foot truck courts. Ann Huntington of CBRE represented Nashville-based Ozburn-Hessey in the lease transaction. The company maintains more than 36 million square feet of flexible warehouse space in at least 120 logistics centers worldwide.

December 15, 2015

Bluffstone II Breaks Ground on 72-Unit Student Housing Project in Springfield, Illinois

by Christina Cannon December 15, 2015

SPRINGFIELD, ILL. — Developer Bluffstone II LLC has broken ground on The Villas Downtown Springfield, a mixed-use student housing development containing 72 units and 92 beds near the University of Illinois Springfield. Living quarters at The Villas will include studio suites, one-bedroom/one-bathroom suites and two-bedroom/two-bathroom suites. Each suite will be fully furnished with full-size beds, living room furnishings and more. Kitchens will feature full-size Energy Star appliances. The Villas development will be a four-story building and will include more than 6,000 square feet of commercial and retail space. The common indoor area of The Villas will consist of the manager’s office, mailboxes, social room and recreation center, study rooms and laundry facilities. Catalyst Construction Inc. is building the development, which has a projected total cost of $8.9 million.

December 15, 2015

Arizona Multifamily Seniors Housing Western

Avanti to Develop Three $15M Seniors Housing Communities in Arizona

by Nellie Day December 14, 2015

PEORIA, GOODYEAR and MESA, ARIZ. — Avanti Senior Living is developing three matching assisted living and memory care communities in Peoria, Goodyear and Mesa, all in the Phoenix metro area. Each 77,000-square-foot community will cost $15 million and house up to 150 seniors. Based in Texas, Avanti Senior Living owns, develops and operates luxury seniors housing communities. The company was launched in 2013 and has nine communities either completed or under development in Texas, Louisiana and Arizona.

December 14, 2015

Industrial Massachusetts Northeast Office

Integrated Builders Completes 29,000 SF Tenant Build-Out in Wilmington, Mass.

by Amy Works December 14, 2015

WILMINGTON, MASS. — Integrated Builders has completed a 29,000-square-foot office and manufacturing build-out for Limbach Company LLC at 46 Jonspin Road in Wilmington. The project included the installation of new flooring, lighting and electrical fixtures, a state-of-the-art HVAC system, partitions and updated fire alarms. The updated facility provides specialized manufacturing space for the mechanical contracting firm. Spagnolo Gisness & Associates Inc. served as architect, while WB Engineers+Consultants provided engineering services for the project.

December 14, 2015

Missouri Multifamily Seniors Housing

Gardner Begins Construction on 48-Unit Seniors Housing Community Near Kansas City

by Christina Cannon December 14, 2015

KEARNEY, MO. — Gardner Development has broken ground on Centerville Cottages Senior Living Community, a 48-unit independent living community in the Kansas City suburb of Kearney. The developer received low-income housing tax credits to help build the community. Demand for seniors housing is high in Kearney, where every community currently has a waiting list, according to Gardner. Centerville Cottages is a partnership between the City of Kearney, Missouri Housing Development Commission, Alden Torch Financial Century Real Estate Services, Baron Design and Associates LLC, Double Diamond LLC and Gardner Capital Inc. Gardner expects to complete the project in late 2016.

December 14, 2015

California Multifamily Student Housing Western

UCSF, UC Hastings to Build Student Housing in San Francisco

by Nellie Day December 11, 2015

SAN FRANCISCO — University of California, San Francisco, and University of California, Hastings College of the Law, have signed a letter of intent to build and rehabilitate approximately 1,200 student housing units near the Hastings campus. Under the deal, detailed by the San Francisco Chronicle, the schools would build a new housing complex at 198 McAllister St., the current site of Snodgrass Hall, which would be demolished. Preliminary plans call for the new building to wrap around the corner onto a 1950s-era annex to Snodgrass Hall. This could yield nearly 1,000 units of housing for students. The schools are also considering a renovation of a 252-unit building on McAllister Street known as McAllister Tower. UCSF recently purchased parcels on Minnesota Street in the Dogpatch neighborhood to potentially build approximately 1,000 additional units.

December 11, 2015

Mixed-Use Multifamily Retail Texas

Hillwood Begins Construction on $700M Mixed-Use Project in Metro Austin

by Haisten Willis December 11, 2015

GEORGETOWN, TEXAS — Hillwood Communities has begun construction on Wolf Ranch, a $700 million mixed-use development in Georgetown, a suburb of Austin. Hillwood acquired the 755-acre tract on Highway 29 and I-35 from the Wolf family in 2014. The development will include 900 apartment units, space for new retail and restaurants, 1,600 single-family homes and 140 acres of green space. The Georgetown Independent School District will serve the new community. The transaction was conducted between Hillwood Communities and the Wolf family’s representative, Iva Wolf McLachlan. Wolf Ranch is expected to house 4,000 residents once the development is completed.

December 11, 2015

Mixed-Use Retail Texas

Retailers Join Boardwalk at Towne Lake Mixed-Use Development in Houston

by Haisten Willis December 11, 2015

HOUSTON — More retailers have signed on at Caldwell Cos.’ Boardwalk at Towne Lake development, including two food shops, The Cheese Bar and Flying Vine; restaurant Sam’s Boat; and Frontier Title. In addition to these four leases, the project includes already-signed restaurants Jaxton’s, Taisho, World of Beer, Land of Thousand Hills Coffee Co. and MOD Pizza; retailers Nails of America, Orangetheory Fitness, Massage Heights and The Reserve Salon; Texas Children’s Pediatrics and Copper Creek Orthodontics. The site is accessible by walking, driving or boating. The Cheese Bar offers artisanal cheeses alongside a cheese-focused café, wine and beer offerings. Sam’s Boat serves seafood, Tex-Mex and more. Frontier Title is a title insurance company.

December 11, 2015

California Multifamily Seniors Housing Western

Community HousingWorks to Build San Diego’s First LGBT Seniors Housing Community

by Nellie Day December 10, 2015

SAN DIEGO — Nonprofit affordable real estate developer Community HousingWorks has announced plans to build a $27 million, unnamed seniors housing community in San Diego that would welcome LGBT seniors. The 76-unit, affordable independent living community will be located at the corner of Texas Street and Howard Avenue in San Diego’s North Park neighborhood. The community will be open to all seniors, but is intended to create a welcoming community to LGBT seniors. The City of San Diego and the San Diego Housing Commission are providing $7 million for the $27 million complex, which is expected to take about 18 months to build. The San Diego LGBT Community Center recently completed a study that found 68 percent of LGBT seniors had neither family nor younger friends they could count on for support or assistance as they age, and were more likely to live alone and not be in a significant relationship. Further, 23 percent of the LGBT seniors responding to the survey reported an annual income of less than $20,000 per year. Only 16 percent reported having $100,000 or more saved for retirement.

December 10, 2015

Michigan Midwest

West Side Iron and Metal Undertakes Renovation of 26,341 SF Building in Grand Rapids

by Christina Cannon December 10, 2015

GRAND RAPIDS, MICH. — West Side Iron and Metal is renovating a 26,341-square-foot building located at 215 Hall St. in Grand Rapids into a state-of-the-art scrap recycling facility that will serve as its headquarters. The scrap recycler purchased the 3.5-acre property adjacent to U.S. 131 in 2014. West Side currently operates out of a building located at 300 Straight St., but will be moving to Hall Street by the summer of 2016. Stan Wisinski of NAI Wisinski of West Michigan represented West Side Iron and Metal in the purchase of the building in 2014.

December 10, 2015

Newer Posts

Older Posts