CHARLOTTE, N.C. — Locally based Tepper Sports & Entertainment is nearing completion for the redevelopment of Bank of America Stadium, a football stadium in Uptown Charlotte and home of the NFL Carolina Panthers. The development cost for the project was about $50 million. The project started in March 2021 and is expected to be complete next month. Bank of America Stadium is a 75,412-seat arena located on 33 acres. The renovation included the addition of a 211-foot LED screen and a new premium club space called The Vault, which offers field-side cushioned seats, food and drink options, a full-service bar, concierge service and a private indoor lounge. The exclusive club area will offer a range of 100 to 150 seats for Charlotte FC, the city’s professional soccer team, as well as Carolina Panthers games. The project also includes an improved Lowe’s East Gate, upgrading the main concourses to have five grab-and-go markets and two bars with two 360-degree LED displays. Lastly, the project also added a new 2,600-square-foot locker room for the Charlotte FC team with 30 lockers, USB charging ports, a coaching wall and eight television screens.
ST. PETERSBURG, FLA. — Boca Raton, Fla.-based Mill Creek Residential and Boston-based CrossHarbor Capital Partners have broken ground on Modera St. Petersburg, a 383-unit mixed-use apartment community near downtown St. Petersburg. The property is expected to be open for first move-ins by late 2023. Modera St. Petersburg will be a 20-story, high-rise community with 14,000 square feet of ground-floor retail space. The property will offer one-, two- and three-bedroom floorplans with den layouts and penthouses available. Unit features will include wood plank-style flooring, nine-foot ceilings, built-in shelves and desks in select homes, ceiling fans, private balconies, stainless steel appliances, quartz countertops, tile backsplashes, kitchen islands, USB ports, in-unit washers and dryers, walk-in closets and central heating and air with programmable thermostats. Community amenities will include a fitness center, outdoor pool, rooftop lounge and terrace, grilling area, outdoor dining, clubhouse, conference room, coworking spaces, common-area Wi-Fi, game room, package lockers, onsite pet spa and secured garage parking with electric vehicle charging stations. Other community features will include access to bike storage, additional storage options and mobile-app and key-fob entry. Situated at 201 17th St. South, Modera St. Petersburg will border the Pinellas Trail, a 47-mile bike trail that stretches north to …
SEATTLE — Shea Properties has opened EdgePoint Apartments, a multifamily community located at 320 N. 85th St. in Seattle’s Greenwood neighborhood. The six-story, 203-unit property features a mix of open one-, one- and two-bedroom units ranging in size from 561 square feet to 990 square feet. Units offer quartz countertops, wood-style flooring, stainless steel appliances and high-end finishes throughout. Additionally, the property features a sky deck, lounge, fitness center, pet spa and 4,500 square feet of onsite retail space. Rush served as general contractor and Runberg Architecture Group served as architect for the project.
ASHLAND, VA. — MacKenzie Investment Group LLC, the development and investment arm of Baltimore-based The MacKenzie Cos., has delivered a 202,000-square-foot warehouse and industrial building in Ashland, about 16.5 miles north of Richmond. The development is part of Phase I of the North Richmond Industrial Park, a 75-acre business park that can support up to 600,000 square feet of warehouse and industrial space. The building, which was constructed on a speculative basis, is fully leased to three tenants including The Home Depot; MS International Inc., an importer and distributor of natural stones and countertops; and Sentara Healthcare, a nonprofit healthcare organization serving Virginia and North Carolina. Each tenant expects to take occupancy over the next several months. The project features 32-foot clear heights, 46 dock doors, a surface parking lot that can accommodate nearly 160 cars and 46 trailers and freight service via CSX and Northern Southern rail lines. Located at 11060 Johnson Road, the property is situated near US Route 1 and Interstates 95, 64, 85 and 295. Additionally, the project is located 23.6 miles from the Richmond International Airport.
ROSWELL, GA. — Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, will open a boutique hotel in Roswell. The Kimpton hotel is slated to open by early 2024. HEI Hotels & Resorts will operate the hotel once completed, and Randall-Paulson Architects will serve as the architect on the project. The Kimpton hotel will feature 125 guest rooms, including 20 suites, as well as nearly 6,500 square feet of indoor meetings and events space, an 11,000-square-foot courtyard, fitness center, rooftop restaurant and a ground-floor restaurant and bar. Additionally, the hotel will offer amenities including a morning coffee and tea service, hosted evening social hour, pet-friendly policies and bicycles. Located on Mimosa Boulevard and Magnolia Street, the three-story hotel will be situated near the Historic Roswell Town Square. The property will also be near many restaurants and retailers including Gate City Brewing Co., El Zarape, King Galleries, The Roswell Garden and Ipp’s Pastaria & Bar. The property is also located 21.9 miles from downtown Atlanta.
GARDENA, CALIF. — A joint venture between Stockbridge Real Estate and Cityview has purchased South Bay X, a development site fully entitled for sustainable multifamily housing located at 12850 Crenshaw Blvd. in Gardena. South Bay X will feature 265 units in a mix of studio, one- and two-bedroom apartments ranging from 510 square feet to 1,197 square feet. The joint venture plan to achieve LEED Silver certification with the project, designing the Class A property to realize 20 to 30 percent improved energy efficiency over other similar non-green buildings. South Bay X will feature high-performing lighting, enhanced indoor air quality and a solar thermal water heating system that relies on renewable energy. The property will offer premier interior finishes, a fitness center and expansive outdoor amenities, including a pool, spa, lanai, outdoor strength area, barbecues and three open-air courtyards. The project is slated to break ground in the fourth quarter, with completion scheduled for early 2025.
MANSFIELD, TEXAS — PointOne Holdings, a development and investment firm with offices in Atlanta and South Florida, has completed Main Street Lofts, a 266-unit apartment complex in the southern Fort Worth suburb of Mansfield. Units are available in studio, one-, two- and three-bedroom formats. The amenity package consists of a pool with an adjacent game lawn, fire pit and lounge, as well as a rooftop lounge with shuffleboard, fitness center with yoga and spin studios, dog park, conference rooms, biking trails and resident lounges with TVs. Information on starting rents was not disclosed.
PHILADELPHIA — A joint venture between Chicago-based developers Sterling Bay and Harrison Street, as well as New York City-based Botanic Properties, will develop a 310,000-square-foot life sciences facility in Philadelphia’s University City neighborhood. The 13-story building will be situated on a 33,400-square-foot parcel at 3801 Chestnut St. The facility will house lab space to accommodate cell and gene therapy users. Construction is scheduled to begin in the first quarter of 2023 and to be complete in mid-2025.
RALEIGH, N.C. — Wood Partners has broken ground on Alta Vale, a 306-unit apartment project in Raleigh. The community is scheduled to open in March 2023. Once complete, Alta Vale will offer one-, two- and three-bedroom floor plans. Unit features will include quartz countertops, stainless steel appliances, tile backsplashes, in-home washer and dryer sets and vinyl plank flooring throughout the kitchen, living room and baths. Community amenities will include a pool, outdoor kitchen and lounge, clubhouse, fitness center, resident café, game room, coworking and conference spaces, pet spa, onsite dog park and access to the Crabtree Creek Greenway Trail. Located just outside the 440 Beltline, the project will be situated near downtown Raleigh, North Carolina State University and Research Triangle Park. The property will be located near the North Carolina Museum of Art, PNC Arena, Raleigh-Durham International Airport and the 5,600-acre Umstead State Park.
BEDFORD, PA. — Organic Snack Co., the maker of Kate’s Real Food, has purchased 82 acres in Bedford, located in the southern-central part of the state, with plans to open a new warehouse and distribution center. At full build-out, the facility will span about 750,000 square feet. The investment represents a total capital commitment of $75 million and is expected to add about 500 jobs to the local economy. Dollar Bank provided predevelopment and acquisition financing for the land.