HOUSTON — Broadshore Capital Partners will renovate Eldridge Oaks, a 14-story, 349,190-square-foot office building in Houston’s Energy Corridor area. The renovation will update outdoor amenities to further enhance the tenant experience and upgrade the first- and second-floor lobbies, conference center and on-site food services. The project team also plans to add a tenant lounge space and enhance other common spaces. IA Interior Architects and OJB designed the project. Stream Realty Partners is the leasing agent.
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NEW YORK CITY — Locally based real estate giant Tishman Speyer will develop a 237-unit affordable housing complex in the Far Rockaway area of Queens. Units will come in studio, one-, two- and three-bedroom floor plans, with the majority (201) reserved for renters earning between 30 and 80 percent of the area median income. The remaining 36 apartments will provide supportive housing for formerly homeless individuals. The project will also include 8,000 square feet of retail space and 7,500 square feet of community center space. Completion is scheduled for 2025.
TRENTON, N.J. — Locally based firm Hx2 Development is underway on construction of a 100,000-square-foot life sciences project in Trenton’s Chambersburg neighborhood. The transit-served facility, which is known as Building 114, will be located within Roebling Center, a five-building, 7.1-acre mixed-use redevelopment. Shell construction of the building is expected to be complete by the end of the year. JLL has been appointed as the leasing agent.
PHILADELPHIA — General contractor TN Ward has completed the renovation of Race Street Labs, a 180,000-square-foot life sciences facility in Philadelphia. In addition to base building renovations, two floors of lab facilities were constructed on a speculative basis. The facility now features lab-ready building infrastructure, customizable lab and office spaces and onsite lab management support services. Iron Stone Real Estate Partners owns the property. Cushman & Wakefield is marketing the renovated space for lease.
NEW BRAUNFELS, TEXAS — Arizona-based developer Empire Group will develop Village at Mayfair, a 215-unit build-to-rent residential project that will be located in the northeastern San Antonio suburb of New Braunfels. The site spans 19.7 acres within Mayfair, a 1,900-acre master-planned development. The project will feature a variety of floor plans, with residences ranging in size from 680 to 1,300 square feet. Homes will be furnished with stainless steel appliances, quartz countertops, walk-in closets and various pieces of smart technology. Residents will have access to amenities such as a pool, fitness center, spa, clubhouse, dog park and outdoor grilling and dining stations. Construction is set to begin in the fourth quarter, with the first homes expected to be available for occupancy by late 2024.
FORT WORTH, TEXAS — Texas A&M University has broken ground on a $150 million academic building in Fort Worth that marks the beginning of development of a larger, four-block campus. The first building will rise eight stories and house the Texas A&M School of Law as well as other academic divisions. The university is collaborating with the City of Fort Worth and Tarrant County on the project, which will feature two additional buildings. The first will be known as The Research & Innovation Building. The second, The Gateway Building, will house offices, more classroom and meeting spaces and a conference center. The law building is slated for a 2025 delivery, with full completion of the first three buildings targeted for 2027.
DALLAS — A partnership between Pacific Elm Properties and Mintwood Real Estate has begun leasing Peridot, a 228-unit apartment property located within the 1.3 million-square-foot Santander Tower mixed-use development in downtown Dallas. Peridot occupies 11 of Santander Tower’s 50 floors and offers one- and two-bedroom units ranging in size from 700 to 1,300 square feet. Residential amenities include a pool, dog park, fitness center, lounges and two lobby restaurants. Peridot’s grand opening is slated for July. Rents start at roughly $2,000 per month for a one-bedroom apartment. Santander Tower also houses a boutique hotel and Class A offices.
DESOTO, TEXAS — Holt Lunsford Commercial Investments (HLCI) has delivered Stoneridge at Hampton Road, a 421,890-square-foot industrial project in Desoto, a southern suburb of Dallas. The freestanding, cross-dock facility features 36-foot clear heights, 93 dock positions, 185-foot truck court depths, 83 trailer parking stalls and 3,463 square feet of office space. Affiliate firm Holt Lunsford Commercial is also the leasing agent for the project.
HOUSTON — Locally based firm Clay Development is underway on construction of Main Central I, a 523,640-square-foot distribution center in Houston. The 33.4-acre site is located at the intersection of South Main/U.S. Highway 90 and the Fort Bend Toll Road on the city’s southwest side. Main Central I will feature a cross-dock configuration, 36-foot clear heights, parking for 151 trailers and 109 employee vehicles and an ESFR sprinkler system. Completion is scheduled for the third quarter. Clay Development has tapped Cushman & Wakefield to assist with its internal marketing and leasing efforts.
BALA CYNWYD, PA. — LCB Senior Living has completed The Residence at Bala Cynwyd, an adaptive reuse project located northwest of Philadelphia. The number of units was not disclosed. Built in the 1850s as Benjamin Schofield’s West Manayunk Woolen Mills, the property eventually became known as Lee’s Shoddy Mill, named after the heavy fabric created from recycled wool and cotton. The Residence at Bala Cynwyd offers independent living, personal care and memory care accommodations. Units are available in studio, one-bedroom and two-bedroom floor plans.