AUSTIN, TEXAS — Houston-based Allied Orion Group will develop a 350-unit apartment community within Whisper Valley, a 2,067-acre master-planned community on the east side of Austin by master developer Taurus Investment Holdings. Designed by The Sage Group, Evergreen at Whisper Valley will feature one-, two- and three-bedroom units. Amenities will include a pool with cabanas, fitness center, clubhouse with a game room and catering kitchen, grilling areas with gazebos, a dog park with an agility course, business center and a beer garden. Construction is scheduled to begin in the first quarter of 2023, with the first units being delivered in the second quarter of 2024.
HUNTLEY, ILL. — Venture One Real Estate has acquired 264 acres in Huntley, a far northwest suburb of Chicago. The developer is building two industrial facilities totaling 1.8 million square feet. Phase I is a 629,186-square-foot building for an unnamed user at 11500 Freeman Road. The project will feature 132 loading docks and parking for 1,046 cars and 720 trailers. Completion is slated for the second quarter of 2022. Phase II is a nearly 1.2 million-square-foot facility for an undisclosed user at 11400 Venture Court. The building will feature 156 truck doors and parking for 643 cars and 358 trailers. It is scheduled for completion in the third quarter of 2022. Brian Kling of Colliers represented Venture One. Ryan Cos. will serve as general contractor.
ATLANTA — Atlanta-based Songy Highroads (SHR) has opened the Hyatt Centric Hotel in the Buckhead neighborhood of Atlanta. Construction on the 15-story hotel started in early 2020 and finished this month. SHR developed the hotel in a joint venture with Chicago-based Hyatt Hotels Corp. Designed by New York-based Sawyer & Co., the Hyatt Centric Buckhead Atlanta hotel features 218 guestrooms (including seven suites), two dining concepts and more than 3,700 square feet of meeting and event spaces. The guestrooms average 400 square feet in size, while the suites exceed 850 square feet. Each guestroom offers a variety of amenities including a 65-inch flat-screen TV, bathrobe, bath amenities and a salon-quality hair dryer. Other hotel amenities include a fitness center and an outdoor heated plunge pool with pool sundeck located on the second floor. The two dining concepts include Mount Royal, a Montreal-style steakhouse located on the ground floor, and Spaceman, an indoor-outdoor lounge with cocktails and shareable dishes located on the 15th floor rooftop. The hotel is located next to Bloomingdale’s at Lenox Square, Simon’s enclosed shopping mall fronting Lenox and Peachtree roads. The property is also close to PATH400, a multi-use trail for bicyclists and pedestrians, Shops Around Lenox …
CEDAR PARK, TEXAS — The Cedar Park City Council has approved an agreement with CPM Development for a 117-acre mixed-use project that is expected to generate more than $435 million in tax revenue for the northern Austin suburb over the next 25 years. The approval of the development agreement on Dec. 9 marks the first step into making the project, which will be anchored by Nebraska Furniture Mart (NFM), a reality. Preliminary plans include a 250-room hotel with a 30,000-square-foot convention center that would be owned by the city; a 500,000-square-foot NFM store and showroom; a 700,000-square-foot warehouse to support NFM’s retail operations; and 250,000 square feet of additional commercial space. The terms of the agreement also call for CPM Development to invest a minimum of $400 million to build the NFM-anchored development, which then must generate a minimum of $450 million annually in sales. The project also must generate a minimum of 725 jobs within the first year of opening. In return, the city will issue a maximum of approximately $45 million total in performance-based tax rebates to CPM Development. Rebated funds will be used in part to reimburse the developer for costs associated with required on- and offsite …
Cotton Cos. Signs Cleaver & Cork to Join Highside Market Adaptive Reuse Project in Columbus, Georgia
COLUMBUS, GA. — Cotton Cos. has signed Cleaver & Cork, a butcher and artisan market, to an 1,800-square-foot lease at Highside Market, an adaptive reuse mixed-use development in Columbus. Cleaver & Cork will offer a selection of charcuterie, meats, seafood, artisan goods, local cheeses, as well as a variety of craft beer and wine. Cleaver & Cork currently has locations across Georgia in Sharpsburg, Newnan, Marietta and Alpharetta. Slated to open this summer, Highside Market will be a 55,000-square-foot mixed-use development featuring 20,000 square feet of restaurants, 20,000 square feet of retail, 15,000 square feet of office space, a greenspace and outdoor lounge areas. Cotton Cos. has already received tenant commitments for 26 percent of Highside Market’s available leases. Colliers is representing the locally based developer in the lease transactions.
LENEXA, KAN. — Block Real Estate Services LLC has broken ground on a roughly 200,000-square-foot industrial build-to-suit for MS International Inc. (MSI), a supplier of flooring, countertops, tile and hardscaping products, in Lenexa. The property will be located within Lenexa Logistics Centre, a Class A industrial park. The facility will feature nearly 195,000 square feet of warehouse space, 5,800 square feet of office space, 13 dock positions, 132 car parking spaces, 13 trailer parking spaces and a clear height of 32 feet. Future additions to the space will include a crane production area and a showroom. ARCO National Construction is serving as design-builder. John Stafford of Colliers represented MSI. Kenneth Block, Michael Block, Zach Hubbard, Andrew Block and William Block represented the developer on an internal basis.
BUFORD, GA. — Columbus, Ga.-based Flournoy Development Group has broken ground on a 434-unit apartment community in Buford, approximately 30 miles northeast of downtown Atlanta. The property will include 376 multifamily units and 58 townhomes. The construction timeline for the property was not disclosed. The multifamily community is part of Exchange at Gwinnett, Fuqua Development’s mixed-use development situated near the Mall of Georgia with more than 465,000 square feet of retail, restaurants, office space, hotel space and residential units. Community amenities at the multifamily project will include a pool courtyard, access-controlled living areas, three one-level parking decks, flexible coworking space, courtyard and event greenspace and several private pocket courtyard amenity areas. The Exchange at Gwinnett will include a food hall with restaurants such as Starbucks Coffee, Five Guys Burgers & Fries and Jersey Mike’s Subs. The mixed-use development will also include Topgolf, Andretti Indoor Karting & Games, a flagship Rooms To Go store, a center stage at Town Green and a Sprouts Farmers Market. The project team for the apartment community includes architect Dynamik Design and contractor Flournoy Construction Group. Flournoy Properties Group will manage the property.
MORRISVILLE, N.C. — Atlanta-based Wood Partners has opened Alta Davis, a 403-unit, seven building multifamily community in Morrisville, about 11 miles from Durham. Alta Davis offers studio, one-, two- and three-bedroom floorplans that range in size from 626 to 1,422 square feet. Each of the apartment units feature nine-foot ceilings, stainless GE appliance packages, white quartz countertops, subway tile backsplash throughout the kitchen and bathrooms, soaking tubs, wood-style plank flooring and in-unit washer and dryer sets. Monthly rent ranges from $1,315 to $2,500, according to Apartments.com. Community amenities include a saltwater pool, outdoor kitchen, pet run and spa, clubroom, fitness center, café and a coworking area with a conference room and micro-offices. Wood Residential manages the property. Located at 615 Corbett St., the property is situated close to Research Triangle Park (RTP), and major employers in the area include IBM, Credit Suisse, Cisco, Lenovo and Fujifilm. The property also is located close to Interstates 40 and 540 and NC Highway 147. Additionally, the multifamily community is 12.3 miles from Duke University and 13.5 miles from North Carolina State University.
NEW YORK CITY — Locally based developer Omni New York LLC has completed Archer Green, a 387-unit affordable housing project in the Jamaica area of Queens. The property includes 70,000 square feet of commercial space, a portion of which is preleased to German discount grocer Aldi. Amenities include a fitness room, outdoor terrace, community lounge, children’s playroom, media and coworking space, package lockers and bike storage space. Information on income restrictions was not disclosed.
CLAYTON, MO. — Missouri-based Sterling Bank will serve as the anchor tenant for a planned $100 million mixed-use project in Clayton, just west of St. Louis. Green Street Real Estate Ventures LLC is the developer. Located at the intersection of Bemiston and Carondelet avenues, the 20-story development will include 4,500 square feet of first-floor commercial banking space with a walk-up ATM. There will also be 10,500 square feet of branch offices, 10,000 square feet of amenity space, a 270-unit apartment building and a 380-space parking structure. HDA, a Green Street company, is designing the project. Green Street Building Group and joint venture partner Tarlton will lead construction, which is expected to begin in fall 2022 and last 18 months.