Development news – page 16

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DevelopmentSummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, CaliforniaJul 13, 2026SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028.DevelopmentFrom Builder to PartnerJul 13, 2026In New York’s commercial construction market, growth is often measured by revenue, headcount or project volume.DevelopmentTurnbridge Eyeing Raleigh for Another Residential TowerJul 10, 2026Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square. The development will have 220 residential units, 20,984 square feet of retail space and a parking deck.DevelopmentBlake, Related Win Bid to Build Massive St. Pete Mixed-Use ProjectJul 10, 2026Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 milion for the rights to build an expansive mixed-use project on city-owned land. The two were the winning bidders for the 58 acres in the Historic Gas Plant District.DevelopmentDevelopers Chosen For $1B Housing Project Tied To USS IntrepidJul 10, 2026One of the largest undeveloped sites in Manhattan overlooking the Hudson River is set to become a massive housing project. Gov. Kathy Hochul selected a team of The Gotham Organization, Fisher Brothers and Mural Real Estate to build 1,127 housing units...DevelopmentIs Space the Next Frontier for Data Centers?Jul 10, 2026The explosive demand for artificial intelligence and cloud computing has led to an unprecedented data center construction boom.DevelopmentOfficePhilly Office Construction Pipeline Hits Zero, Conversion Activity SlowsJul 9, 2026More than six years after the pandemic cratered demand for greater Philadelphia office space, the region’s construction pipeline has officially hit zero. The delivery of Chubb’s long-awaited 438K SF build-to-suit space at 2000 Arch St. last quarter...DevelopmentS3 Capital Continues Texas Focus, Provides $28M for New Multifamily ConstructionJul 9, 2026S3 Capital appears to be in Texas for the long haul. Tannos Group has secured $28 million in construction financing to build the Albritton, a four-story, 111-unit Class A multifamily development in Friendswood, Texas.DevelopmentIndustrialDeveloper Duo Break Ground on SA Spec Cold Storage WarehouseJul 9, 2026Boomerang and Marble Capital are co-developing a 325,000-square-foot cold storage warehouse facility in the San Antonio suburb of Schertz. STX Frio can accommodate a single tenant or be demised for a two- or three-tenant layout.Representative imageDevelopmentNMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction ActivityJul 9, 2026WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions.DevelopmentConstruction Tops Out at 19-Story Fulton Market Mixed-Use DevelopmentJul 8, 2026Chicago-based developer, Focus, announced the recent structural completion at 1221 W. Washington Blvd., a new mixed-use tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor for the project.DevelopmentNew Houston Rental Community Rents Start at $9,480Jul 8, 2026The Langley, a 20-story residential high-rise developed by StreetLights Residential and Hunt Real Estate, has completed construction at the intersection of Houston’s historic Boulevard Oaks and Southampton neighborhoods.DevelopmentRockpoint and Urby Form JV to Develop Luxury Resi Tower on the Jersey City WaterfrontJul 8, 2026A new, ultra-luxury residential tower with views of the Manhattan skyline is getting ready to rise across the Hudson River.DevelopmentOfficeReports: Midtown Manhattan Office Building ‘Stable’ Following Yesterday’s EvacuationJul 8, 2026NEW YORK CITY — The Midtown Manhattan office building that is under construction on East 42nd Street and was evacuated on Tuesday, July 7 following reports of buckling columns, sagging floors and falling debris is in “stable” condition, according to reports from USA Today and…DevelopmentWoodfield to Begin Construction on 285-Unit Apartment Community in CharlestonJul 8, 2026CHARLESTON, S.C. — Woodfield Development plans to soon break ground on Westbourne Ashley Landing, a 285-unit apartment community in Charleston.DevelopmentIndustrialIndustrial’s Fire Problem: Warehouses Are Bigger, Colder, Harder To SaveJul 8, 2026Back-to-back blazes in Los Angeles and Chicago have highlighted how today’s bigger, more technologically advanced warehouses, especially those outfitted for cold storage, are at greater risk for fire. Developers are racing to build larger, more centralized...DevelopmentMilhaus Receives Approval to Develop Kansas City Affordable ApartmentsJul 7, 2026Milhaus has received approval from the Missouri Housing Development Commission for Low-Income Housing Tax Credits to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 3200 Troost Ave.DevelopmentNscale Secures $900M For Data Center ExpansionJul 7, 2026Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio.DevelopmentOfficeJVP Starts Work on 110K-SF Office Building at Frisco’s The MixJul 7, 2026JVP Development broke ground on the first office building at The Mix (shown), a mixed-use development located in Frisco’s North Platinum Corridor.DevelopmentNRP Group Breaks Ground on 348-Unit Affordable Housing Project in South AustinJul 7, 2026AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Sanara, a 348-unit affordable housing project in South Austin.