development2

Meridian Completes 70,411 SF Expansion at Industrial Facility in Romeoville, Illinois

by Amy Works September 4, 2015

ROMEOVILLE, ILL. — Meridian Design Build has completed a 70,411-square-foot expansion to a 238,643-square-foot sorting and distribution center in Romeoville. The expansion increases the capacity of the facility with the addition of 95 interior van loading positions, 185 auto parking stalls, 69 trailer stalls and 3,442 square feet of office space. Site improvements include the construction of a 1,600-linear-foot retaining wall to facilitate expansion of the trailer area. Precept Design LLC served as project architect and Jacob & Hefner Associates provided civil engineering services for the project. Meridian constructed the original facility on a design-build basis in 2012 for Indianapolis-based Scannell Properties.

September 4, 2015

Mixed-Use Multifamily New Jersey Northeast Office

VREP Launches Repositioning of 27-Acre Montville Office Campus

by Amy Works September 1, 2015

MONTVILLE, N.J. — Vision Real Estate Partners (VREP) has launched the repositioning of Montville Corporate Campus, an office campus located at 340-342 Changebridge Road in Montville. VREP plans to convert one of the twin 100,000-square-foot office buildings into a multi-tenant building and rezone half the campus for residential use. The company plans to replace the front of the three-story travertine marble office building with a stone and glass curtain wall system. Interior renovations will include a two-story atrium lobby featuring stone, millwork, upgraded lighting and lounge seating with a coffee bar, as well as a town hall-style conference area in extended third-floor space. Additional renovations include refinished elevators, bathrooms and other common area upgrades throughout the building. The company has partnered with Mill Creek, a high-end multifamily specialist, for the residential development.

September 1, 2015

Illinois Midwest Restaurant Retail

The Missner Group to Complete 10,000 SF Renovation for Bottled Blonde Location

by Amy Works September 1, 2015

CHICAGO — The Missner Group has been selected to complete a 10,000-square-foot renovation project at 504 N. Wells St. in Chicago’s River North district. The company will construct and build out space for the new Bottle Blonde location. Bottled Blonde is a pizzeria and beer garden based out of Scottsdale, Ariz. The property will feature open spaces, a large capacity, an outdoor bar and extensive multi-media viewing options. The project includes the demolition and reconstruction of the former Sushi Samba space and will feature multiple bars, event spaces and more than 20 high-definition televisions. D+K Architects is providing architectural services for the project. Completion is slated for this fall, with a grand opening slated to take place in the fourth quarter of this year.

September 1, 2015

Industrial Texas

Cornerstone RPC Storage Begins Construction on $75M Self-Storage Development Plan

by Haisten Willis August 31, 2015

DALLAS — Cornerstone RPC Storage Development, a joint venture between real estate development firms Rosewood Property Co. and Cornerstone Development, has begun construction on phase one of a $75 million self-storage development plan. The first phase of the firm’s plan includes four projects in total, all of which are located in Texas markets. Cornerstone RPC Storage Development has broken ground on the first project, a 94,475-square foot, 656-unit self-storage facility at 9485 LBJ Freeway in Dallas. Cornerstone also plans to break ground within weeks on a 116,400-square-foot storage facility in Houston at 1200 Park Row Drive. The 832-unit center will offer 80 parking spaces and climate control in the majority of units. The development company has closed on two additional properties in San Antonio this month with plans to develop more than 200,000 square feet of self-storage facilities. The first, located at 9652 Huebner Road, will span 103,575 square feet and include 731 units, 710 of which will be climate controlled. The second, located at 7413 N. Loop 1640 W., will be 98,625 square feet and offer 693 units, 644 of which will be climate controlled. The new developments will be managed by and branded as Extra Space Storage.

August 31, 2015

Illinois Midwest Multifamily

Castle Lanterra Properties to Rebrand Chicago Apartment Community

by Amy Works August 31, 2015

CHICAGO — New York City-based Castle Lanterra Properties (CLP) is renovating and rebranding a 424-unit apartment community in southwest Chicago. CLP has a $3 million upgrade and renovation program planned for the eight-building property, which has been renamed Midpointe Apartments. Upgrades include addressing deferred maintenance, roof replacement, new elevators and renovations to the property’s amenities, as well as individual unit renovations. Additionally, CLP has replaced lighting throughout the property with energy-efficient LED lighting. CLP acquired the property, formerly known as Southgate Apartments, in 2014.

August 31, 2015

Indiana Midwest Retail

Woolpert to Provide Design, Engineering Services for $11M Redevelopment of Retail Center in Plainfield, Indiana

by Amy Works August 31, 2015

PLAINFIELD, IND. — Poag Shopping Centers has selected Woolpert to provide design and engineering services for the $11 million redevelopment of its 600,000-square-foot retail center in Plainfield. The architecture, engineering and geospatial firm will plan for the reconfiguration of structural, mechanical, electrical, civil and underground utility systems at the shopping center. In October, Metropolis Lifestyle Center will be renamed The Shops at Perry Crossing. More than 44 stores and restaurants, including Dick’s Sporting Goods, JCPenney, Barnes & Noble, Old Navy and Carmike Cinemas, occupy the center. Construction began in July, with a grand reopening slated for this fall.

August 31, 2015

Multifamily Seniors Housing Texas

Propero Provides Development Capital for New Seniors Housing Facility in Metro Houston

by Haisten Willis August 27, 2015

CONROE, TEXAS — Lancaster Pollard’s proprietary private equity program, Propero Seniors Housing Equity Fund, has partnered with a joint venture mainly consisting of Paradigm Senior Living, the land owners and passive individual investors for the development of a new seniors housing and care facility to be called Woodhaven Village. Located in Conroe, Woodhaven Village will be a 140-unit community consisting of 60 independent living units, 60 assisted living units and 24 memory care beds. Propero is a private equity fund established by Lancaster Pollard to invest in seniors housing properties. Construction on the facility began this summer and will be complete in late 2016.

August 27, 2015

Retail Texas

Venture Represents WinCo Foods in Securing Two New Locations in Metro Dallas

by Haisten Willis August 27, 2015

ARLINGTON AND FORT WORTH, TEXAS — Venture Commercial Real Estate has represented WinCo Foods LLC in deals to open new stores in Arlington and Fort Worth. In Arlington, WinCo has leased an 85,000-square-foot building in the Bardin Place shopping center, located on the southwest corner of I-20 and South Cooper Street. WinCo will join tenants including Ross Dress for Less, Hobby Lobby and Dollar Tree. WinCo expects to start construction this fall. In Fort Worth, WinCo acquired a 10.5-acre tract and is expected to begin construction this fall on an 85,000-square-foot store located on the southeast corner of Tehama Ridge Parkway and Presidio Vista Drive. Kevie Beard, McGregor Converse, Jonathan Cooper and Theo Thompson of Venture represented WinCo in both deals. Caroline Woodbury and Don Woodbury of DWC Commercial Properties coordinated acquisition, development and entitlement of the properties. Mike Axelrad, Sr. represented Brixmor Property Group, the landlord in the Arlington lease. Weber & Co., the landlord in the Fort Worth transaction, was self-represented. WinCo Foods operates five stores in North Texas in Lewisville, Fort Worth, McKinney, Duncanville and North Richland Hills. A Garland store is expected to open this month.

August 27, 2015

Multifamily Texas

The Altman Cos. Breaks Ground on Apartment Complex in Austin

by Haisten Willis August 26, 2015

AUSTIN, TEXAS — The Altman Cos., a developer of luxury apartment communities, has broken ground on its first development in Austin. Located at 12700 Ridgeline Blvd., the 354-unit complex will be known as Altís Lakeline. The property will consist of 19 two- and three-story residential buildings, and the floor plans will include one-, two- and three-bedroom units. The gated community has private entries and attached garages, as well as private balconies and patios. The clubhouse includes a Starbucks, conference room, fitness center and a yoga and aerobics studio. The community is located in Austin’s Northwest submarket.

August 26, 2015

Connecticut Northeast Retail

Simon Property Group to Develop Hartford Premium Outlets in Connecticut

by Amy Works August 26, 2015

WINDSOR LOCKS, CONN. — Simon Property Group has submitted an application for rezoning with the Town of Windsor Locks Planning and Zoning Commission for the development of Hartford Premium Outlets. Located near the intersection of Route 20 and I-91 on Old Country Road, the first phase of the outlet center will consist of 350,000 square feet of retail space, a Market Hall of dining options and two notable restaurants on outlots. The architectural style of the center will be inspired by Classic Colonial and Connecticut rural architecture with a village-like setting reminiscent of a Windsor Locks community. Additionally, the shopping center will feature fountains, art, a children’s play area and an outdoor fireplace. Construction is slated to begin this fall, with a grand opening scheduled for 13 months after the start of construction.

August 26, 2015

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