development2

CapRock Partners Breaks Ground on 24-Acre Saddle Ranch Industrial Complex in Norco, California

by Amy Works October 25, 2021

NORCO, CALIF. — CapRock Partners, with Premier Design + Build Group as general contractor, has broken ground on Saddle Ranch Phase II in Norco. Situated on 23.8 acres at 3166 Horseless Carriage Drive, the development will feature three buildings offering a total of 387,180 square feet. The speculative structures will feature 32-foot clear heights, 8,000 amps of power in each building, ESFR K17 @ 52 PSI fire sprinklers, three drive-in doors and 35 dock doors. Additionally, Premier will add parking to accommodate approximately 36 trailers and 309 vehicles. The project scope also includes 270,000 square feet of landscaping. Project partners include RGA, Office of Architectural Design, X Engineering and Darin Fong and Associates. Completion is slated for third-quarter 2022.

October 25, 2021

Development Hospitality Nevada Retail Western

Shopoff Realty, Contour Secure Entitlement Approvals for 19-Story Dream Las Vegas Resort

by Amy Works October 22, 2021

LAS VEGAS — A joint venture between Shopoff Realty Investments and Contour has secured entitlements for the full development of Dream Las Vegas, a previously announced resort and casino on the Las Vegas Strip. Situated on 5.2 acres at 5051 S. Las Vegas Blvd., the 19-story development will feature 526 guest rooms and suites, gaming, dining and nightlife venues, a pool deck, retail experiences, meeting rooms, and a fitness center. Completion is slated for third-quarter 2024. The property will be branded and managed by Dream Hotel Group. McCarthy Construction will manage the design and construction of the resort and casino, with excavation for the project set to start in the second quarter of 2022.

October 22, 2021

Colorado Development Industrial Western

Brookfield Properties Breaks Ground on 695,899 SF Central Park Logistics Center in Denver

by Amy Works October 22, 2021

DENVER — Brookfield Properties has broken ground for the development of Central Park Logistics Center, an industrial project located at 9300 and 9400 E. 46th Place in Denver. Slated for delivery in spring 2022, Central Park Logistics Center will feature two buildings offering a total of 695,899 square feet of last-mile warehouse and industrial space. The buildings will feature 32-foot and 36-foot clear heights, cross-dock and front-park/rear-load designs, TPO cool roofs, clerestory windows, ESFR sprinkler systems, modern truck courts with ample car and trailer parking, and speculative office space completed with core and shell construction. Building 1, which will be located at 9300 E. 46th Place, will total 201,501 square feet, divisible down to 35,000 square feet. Building 2, located at 9400 E. 46th Place, will total 494,398 square feet, divisible down to 75,000 square feet. Ware Malcomb is serving as project architect and Brinkman Construction is the general contractor. Mike Wafer and Mike Wafer Jr. of Newmark are exclusive leasing agents for the project.

October 22, 2021

Development Maryland Restaurant Retail Southeast

GBT Realty, Cana to Open Food Hall at Ellsworth Place in Silver Spring, Maryland

by John Nelson October 22, 2021

SILVER SPRING, MD. — Brentwood, Tenn.-based GBT Realty Corp., in partnership with Baltimore-based Cana Development, plan to open Commas, a food hall within the 350,000-square-foot Ellsworth Place shopping center in downtown Silver Spring. Opening in spring 2022 on the second level of Ellsworth Place, Commas will take up 13,000 square feet of space and include a collection of 12 food and beverage merchants. Commas expects to create a diverse menu of food from Ethiopia to Korea, Malaysia to El Salvador and Italy to New Jersey. Designed by Washington, D.C.-based architecture and interior design firm GrizForm Design Architects, Commas will offer a range of seating options and special event capabilities. In addition to the permanent restaurant spaces, the food hall will also feature a central bar experience. Design plans also include seven communal seating areas, open kitchen installations with window peeks and chef counters and a light-toned color palette with natural wood furniture.

October 22, 2021

Development Leasing Activity Louisiana Retail Southeast

Stirling Signs Target to Anchor Premier Centre in Mandeville, Louisiana

by John Nelson October 22, 2021

MANDEVILLE, LA. — Stirling Properties has signed Target to join the tenant lineup at Premier Centre, a 273,000-square-foot shopping center located on U.S. Highway 190 in Mandeville. Target will occupy roughly 58,000 square feet of retail space, backfilling the former Stein Mart store, as well as the adjacent space currently housing Rack Room Shoes and an additional 13,000 square feet of new building expansion area in the rear of the building. Rack Room Shoes will expand and relocate next to Whole Foods Market in the former Forever 21 Red space. Rack Room Shoes is expected to reopen in its expanded space this fall. Premier Centre is located at the corner of U.S. Hwy. 190 and North Causeway Boulevard on the Northshore of Lake Pontchartrain in St. Tammany Parish. The center was 97 percent leased at the time of sale to tenants such as Bed Bath & Beyond, T.J.Maxx, Barnes & Noble, Old Navy, Gap, American Eagle Outfitters, Banana Republic, LOFT, Bath & Body Works, Trek Bikes, Earthsavers, Blu Spero, Buckle, J.Jill, Jose Bali Jewelry, Chili’s, La Madeleine and The Big Squeezy. Electric car charging stations are also available in the parking lot near Whole Foods. Stirling Properties developed Premier Centre …

October 22, 2021

Development Florida Industrial Southeast

Foundry, Modlo Break Ground on 495,000 SF Modlo Air Logistics Center in Metro Miami

by Julia Sanders October 21, 2021

DORAL, FLA. — Foundry Commercial, in partnership with Modlo, the logistics platform of GLP Capital Partners, has broken ground on the Modlo Air Logistics Center, a three-warehouse property near Miami spanning over 495,000 square feet. The 23.7-acre site located at 7777 NW 41st St. in Doral once housed a PepsiCo bottling facility. The three structures include Building 1 with 171,254 square feet, Building 2 with 173,716 square feet and Building 3 with 150,103 square feet. The new warehouses will feature insulated glass, R-20 roofs, LED lighting, 36-foot clear heights, 54-foot column spacing and electric car charging stations. The project is slated for completion by the summer of 2022. The site is located within two miles of Miami International Airport’s cargo entrance and is also near major expressways and PortMiami. In addition to Foundry Commercial, which is serving as the fee developer for the build, project collaborators include Miller Construction, Puga & Associates International, DDA Engineers and Kimley-Horn.

October 21, 2021

Development District of Columbia Retail Southeast

Wegmans to Open 84,000 SF Store in Northwest D.C.

by Julia Sanders October 21, 2021

WASHINGTON, D.C. — Wegmans Food Markets is opening its first store in Northwest Washington, D.C. at City Ridge. Located at the intersection of Wisconsin Avenue and Rodman Street, the Wegmans Wisconsin Ave. store will be part of the historic building formerly occupied by Fannie Mae’s headquarters. Roadside Development and North America Sekisui House LLC are the developers of the City Ridge development. Wegmans Wisconsin Ave. is part of the $640 million City Ridge development, which includes commercial, residential and retail facilities. The 84,000-square-foot Wegmans supermarket will include a Market Café, coffee shop and the casual restaurant called The Burger Bar. The store site will include parking below and residential units above. The new store is slated to open in the summer of 2022. Wegmans plans to employ approximately 450 people at the City Ridge location, including 150 full-time positions. Wegmans now operates 106 stores in seven states and has more than 50,000 employees chainwide. The company is set to open three Mid-Atlantic locations in 2022: in Alexandria, Va.; Washington, D.C.; and Wilmington, Del.

October 21, 2021

Development Midwest Multifamily Wisconsin

M&R Development Opens 270-Unit Luxury Apartment Complex in Madison, Wisconsin

by Kristin Harlow October 21, 2021

MADISON, WIS. — M&R Development has opened Elevate, a 270-unit luxury apartment complex located at 5022 American Parkway in Madison. Elevate marks M&R’s second apartment project to open in Wisconsin this year, following the completion of 42 Hundred On The Lake in St. Francis this summer. Units at the four-story Elevate measure 590 to 1,254 square feet. Monthly rents range from $1,205 to $3,199. The centerpiece of the community is a two-story clubhouse, complete with an outdoor pool, grilling stations, fire pit and lounge seating. Inside, the clubhouse includes an entertainment kitchen, coffee bar, fitness center, yoga room, business center, pet washing station and package room. The project team included Stevens Construction and Poole & Poole Architecture. M&R co-developed Elevate with Campbell Capital Group LLC. RMK Management is overseeing leasing and property management.

October 21, 2021

Civic Development Texas

Cadence McShane Completes 179,000 SF Addition, Renovations for Austin High School

by Taylor Williams October 20, 2021

AUSTIN, TEXAS — General contractor Cadence McShane has completed a project for the Austin Independent School District that delivered a 179,000-square-foot addition and renovations to Eastside Early College High School. The new structure features learning studios that incorporate flexible workspaces and integrated technology throughout the building. A gym with a second-story running track was also constructed. Perkins + Will served as the project architect.

October 20, 2021

Development Illinois Industrial Midwest

Scannell to Build 1.3 MSF Spec Industrial Development in Tinley Park, Illinois

by Kristin Harlow October 20, 2021

TINLEY PARK, ILL. — Scannell Properties has unveiled plans to develop Tinley Business Park, a 1.3 million-square-foot speculative industrial project in Tinley Park, a southwest suburb of Chicago. The three-building development will offer immediate access to I-80, I-57 and I-294. The two larger buildings will feature a clear height of 36 feet, while the smaller building will feature a clear height of 32 feet. All buildings will have ample trailer and automobile parking. Construction is expected to begin next year. Sam Durkin, Scott Duerkop and Conor Mullady of JLL will market the project for lease.

October 20, 2021

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