Development news – page 11

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DevelopmentOfficeKDC, Pillar Adding 225K-SF Building to Allen Office ParkAug 4, 2026KDC and Pillar Commercial have formed a partnership to develop One Bethany North, a new planned Class A office project in the Watters Creek Office Park in Allen, Texas.DevelopmentLandmark, Peninsula Deliver 826-Bed Student Housing Project Near University of South CarolinaAug 4, 2026COLUMBIA, S.C. — Landmark Properties and Peninsula Investments have delivered Narrative at Columbia, an 826-bed student housing community located about one mile from the University of South Carolina (USC) campus.DevelopmentOfficeCharles Schwab To Invest $11.7M In Scottsdale Office RenovationsAug 3, 2026Charles Schwab plans $11.7M office renovation in Scottsdale.DevelopmentHPD Selects Development Team for Hunter’s Point South ParcelAug 3, 2026A development team of Slate Property Group, The Hudson Companies and Volunteers of America­­–Greater New York was selected to build nearly 1,000 apartments on a long-vacant lot in the Hunter’s Point South neighborhood of Long Island City, Queens.DevelopmentPCCP, Integrity Community Builders Form Build-to-Rent JVAug 3, 2026Integrity Community Builders (ICB) and PCCP have formed a programmatic joint venture to develop build-to-rent (BTR) communities across the U.S., Commercial Observer can first report.DevelopmentDC Partners Tops Out 210-Room Hotel in Fredericksburg, TexasAug 3, 2026FREDERICKSBURG, TEXAS — Houston-based developer DC Partners has topped out a 210-room hotel in the Central Texas city of Fredericksburg that will be operated under IHG Hotels & Resorts’ Kimpton brand.Representative imageDevelopmentThe Likes of Blackstone and Brookfield Are Using AI to Build Real Estate Tech In-HouseAug 3, 2026Even as some of the biggest commercial real estate companies shoulder the challenges and massive costs of developing proprietary artificial intelligence-powered tools, this shift marks not so much an inflection point for proptech as a sign that the commercial real estate…DevelopmentOfficePartnership Underway on Renovation of 22-Story Office Building in Midtown ManhattanAug 3, 2026NEW YORK CITY — A partnership between A.M. Property Holding Corp., Axonic Capital and Platinum Properties is underway on the renovation of 11 Bryant Park Plaza, a 22-story office building in Midtown Manhattan.DevelopmentAtlanta Beltline Advancing 218-Unit Affordable Apartment ProjectAug 3, 2026Atlanta Beltline Inc. (ABI) is pursuing the construction of a mid-rise multifamily development at 350 Chappell Road.DevelopmentMarcus, Wood Partners to Develop 280-Unit Apartment Community in Apex, North CarolinaAug 3, 2026APEX, N.C. — Boston-based Marcus Partners has purchased a site off Jenks Road in Apex for the development of Alta Apex, a 280-unit apartment community.DevelopmentIrgens Breaks Ground on 204-Unit Viridia Apartments in Wauwatosa, WisconsinAug 3, 2026WAUWATOSA, WIS. — Irgens has broken ground on Viridia Apartments, the company’s first multifamily development, at 10600 W. Wisconsin Ave. in Wauwatosa.DevelopmentOfficeJVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec OfficeJul 31, 2026With new office construction at historic lows across the country, JVP Development’s spec building in Frisco isn’t the type of thing happening outside of…DevelopmentOHT Breaks Ground on 360-Unit Houston Rental CommunityJul 31, 2026OHT Partners has begun construction of a 360-unit apartment complex called Park Row at 14192 Park Row Blvd. in Houston. OHT recently broke ground on another project, 5 miles to the west on Park Row Boulevard.DevelopmentDFW Airport Slated to Pay $193.6M for Hyatt HotelJul 31, 2026The DFW Airport already owns the Grand Hyatt DFW, Hyatt Place DFW and Hyatt House, which is under construction and slated to open in summer 2027. It’s now eyeing a fourth Hyatt hotel property. DFW Airport’s Public Facility Improvement Corp.Representative imageDevelopmentOfficeSkender Begins Conversion of Chicago Office Tower into 320 Apartment UnitsJul 31, 2026CHICAGO — Skender has begun construction on the 500 N. Michigan Ave. adaptive reuse project, which will convert the 400,000-square-foot office tower into 320 apartment units on Chicago’s Magnificent Mile.Representative imageDevelopmentOfficeJT Magen Completes 42,000 SF Build-to-Suit Office Project in Midtown ManhattanJul 31, 2026NEW YORK CITY — National construction firm JT Magen has completed a 42,000-square-foot office project in Midtown Manhattan that is a build-to-suit for auction house Bonhams.DevelopmentIndustrialSeefried Industrial Properties, Clarion Partners Break Ground on 265,000 SF Spec Project in Salt Lake CityJul 31, 2026SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market.DevelopmentOfficeThe Next Office Cycle Will Be Defined by Scarcity, Not OversupplyJul 30, 2026After years of uncertainty in the office sector, shrinking construction pipelines, improving leasing activity, and the ongoing preference for high-quality space are leading to a more selective market.DevelopmentBurman Real Estate Breaks Ground on $130M Mineola Condo ProjectJul 30, 2026Burman Real Estate, AJM Real Estate, Caiola Real Estate Group and Park It Management broke ground on The Bridge, a $130- million, nine-story condominium development that will bring 101 for-sale, luxury residences and a 10,000-square-foot event venue to downtown Mineola, NY.DevelopmentAbby Goldenfarb Joins WinnDevelopment as SVPJul 30, 2026Boston-based WinnCompanies, a national owner, developer and manager of apartment communities, has hired Abby Goldenfarb as an SVP for WinnDevelopment.Goldenfarb previously spent more than two decades with Trinity Financial in Boston, where she has led complex new construction…