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Development news – page 20
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Moda Snags $49M Construction for Nashville BTR DevelopmentModa Homes obtained a $49.43 million construction loan for Moda Vista, a 102-unit build-to-rent residential community located at 3320 Curtis Street in the Bordeaux neighborhood of Nashville, Tennessee, north of downtown. Forman Capital originated the loan.
Hunt Midwest Delivers 505,134 SF Industrial Building in Metro LouisvilleSIMPSONVILLE, KY. — Kansas City-based Hunt Midwest has delivered the first building at Simpsonville 64 Logistics Park, an industrial park in metro Louisville that can accommodate up to 3.3 million square feet of logistics space.
Asana Partners Invests $25M for Redevelopment of Retail Center in Salt Lake CitySALT LAKE CITY — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot retail center located in the East Bench neighborhood of Salt Lake City.
Browning Real Estate Partners to Break Ground on First Ohio Industrial DevelopmentBrowning Real Estate Partners will break ground on a new 200,200-square-foot speculative industrial development in Canal Winchester, marking the company’s first ground-up development project in Ohio.
Building Congress: NYC Must Update Land-Use Rules for Healthcare ConstructionNew York City needs to modernize the land-use and regulatory processes that govern healthcare and life sciences construction, the New York Bulding Congress (NYBC) said in a new report, “Building a Healthier Five Boroughs: The Infrastructure Behind Better Health and Economic…
Celestica Investing $300M in Richardson ExpansionCelestica will renew its lease of two existing buildings and add a new lease for a 343,000-square-foot building currently under construction, totaling approximately 1 million square feet that Celestica will occupy through 2036.
Representative imageAnnual Construction Cost Hikes Reach Pandemic-Era Rates as Iran War Winds DownThe U.S. and Iran have struck a preliminary deal to end the war, but the conflict has left a painful impression on the U.S. construction industry.
Podcast | Can AI Help Developers Break Ground Faster ft. Pulley COO Andreas RotenbergAndreas Rotenberg is Co-founder and COO of Pulley, an AI-powered permitting platform helping developers, operators and commercial teams move projects through approvals faster.
Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New JerseyLONG BRANCH, N.J. — A partnership between two local companies, Downeaster Development and TANTUM Real Estate, has broken ground on The Elbie, a 78-unit multifamily project in the Northern New Jersey community of Long Branch.
Partnership Breaks Ground on 809,141 SF Industrial Park in DurhamDURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham.
Krusinski Construction Starts Work on 32K-SF Addition to Aurora Distribution HubKrusinski Construction Company (KCC) has begun the construction of a 32,000-square-foot addition to the Loaves & Fishes Community Services Food Distribution Hub at 580 Exchange Court in Aurora, Illinois. With this addition, the building will expand to 62,000 square feet.
ARCO Design/Build Takes 10K SF at Williams Equities’ 470 Park Avenue SouthNational commercial construction firm ARCO Design/Build has signed a 9,771-square-foot lease at Williams Equities’ 470 Park Avenue South, Commercial Observer has learned. The 15th-floor lease was signed in late March, according to a spokesperson for the landlord.
ESRT Picks Sevinc Yuksel as Senior VP of Design and ConstructionEmpire State Realty Trust (ESRT) has hired Sevinc Yuksel as its new senior vice president of design and construction, Commercial Observer has learned.
NewQuest Starts Work on 500-Acre Seguin Mixed-Use VentureNewQuest has broken ground on infrastructure for the 544-acre Seguin Exchange, a mixed-use development in Guadalupe County.
MCR Pursuing 1,000 New Miami Airport Hotel RoomsMCR, owner of the Hilton Miami Airport Blue Lagoon, plans to add 1,000 hotel rooms by using space now used for surface parking. The idea is to build two 14-story buildings at 5101 Blue Lagoon Drive. Behar Font & Partners has been tapped to design the project.
Clark Beverage Group to Invest $129M for Corporate Headquarters, Distribution Facility in Bowling Green, KentuckyBOWLING GREEN, KY. — The Clark Beverage Group and Clark Distributing Co., both subsidiaries of C.C. Clark Inc.) are partnering with HDA for the design and construction of their new $129 million headquarters and distribution facility in Bowling Green.
Marysville Breaks Ground on Affordable Housing DevelopmentThe Housing Authority of Snohomish County (HASCO) recently broke ground on Leonard Crossing Apartments, a nearly $47 million plan for 124 apartments on Cedar Avenue.
Construction Firm Alliant Systems Opens New Portland HeadquartersAlliant, a Portland-based construction firm, has opened its new headquarters in the heart of downtown Alliant Systems purchased its Goose Hollow offices nearly two years ago and is relocating from its previous location in the Pearl District at Northwest 12th Avenue and Flanders…
Local Developer Plans Pair of 99-Unit Resi Buildings on Brooklyn’s Atlantic AvenueYet another 99-unit residential building could be going up in New York City as the city’s 485-x incentive forces developers to opt for the sub-100 number rather than pay higher construction wages.
Stratus Starts Work on Phase II of Athens Student Housing VentureStratus Development has broken ground on Phase II of Puritan Mill, which will offer 411 student housing beds near the University of Georgia campus in Athens. Puritan Mill I debuted in 2023. The community will feature townhomes in two-, three- and four-bedroom configurations.