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Development news – page 23
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Travel + Leisure Breaks Ground on $150M Sports Illustrated Resort Near University of AlabamaTUSCALOOSA, ALA. — Travel + Leisure Co., a vacation ownership and membership travel company, has broken ground on the $150 million Sports Illustrated Resort near the University of Alabama in Tuscaloosa.
Representative imageBehind Blackstone’s Newfound Commitment to Finance Home ConstructionOn the heels of Washington blaming institutional investors for ruining America’s housing supply, one of the biggest names in private equity plans to invest more capital toward solving the problem.
Representative imageNew York City’s Latest Affordable Housing Construction Moves Are a Great StartNew York City’s housing crisis has many causes, but one reality has become increasingly clear: Despite broad agreement on the need for more affordable housing, the systems responsible for approving and delivering it have too often slowed progress.
Ryan Cos. Breaks Ground on Industrial Development in BellwoodRyan Companies US, Inc., in a joint venture with Washington Capital Management, Inc., announced the financial land closing and start of construction of a 190,000-square-foot speculative industrial facility in Bellwood, Illinois.
Aventon to Build 270-Unit Port Richey Rental CommunityAventon Companies purchased a 13.58-acre land assemblage in New Port Richey, Fla., to build Aventon Eva, a 270-unit multifamily development. The Little Family sold the property at 8620 Decubellis Road for $5 million.
Partnership to Undertake $25M Renovation of Historic Jewelers Building in ChicagoCHICAGO — Clayco, CRG, The Prime Group Inc. and TP Management Co. (TPM) have unveiled plans to complete a $25 million renovation of the historic Jewelers Building at 35 E. Wacker Drive in Chicago.
Logos Faith, St. Rest Break Ground on 138-Unit Affordable HousingLogos Faith Development, a Los Angeles–based for-profit impact developer, in partnership with St Rest Friendship Baptist Church, broke ground on Phase One of a 138-unit affordable housing community at 709 W. Manchester Ave.
Chicago/Midwest People & Company News, week of May 29, 2026Nationwide Realty Investors (NRI) has announced the retirement of Jim Rost, vice president of development, marking the conclusion of a distinguished 50-year career in the construction and development industry, including 30 years with NRI.
Homeless Coalition Converting Denver YMCA Space to ApartmentsThe Colorado Coalition for the Homeless (CCH) is redeveloping the Downtown Denver YMCA, which closed 45,000 square feet of activity space at the end of last year.
Sugar Land Developer Reveals Groundbreaking Date for Office-to-Hotel ConversionOn June 4, SLTX Capital plans to begin working to transform the century-old Scanlan building at 405 Main St. downtown into a 140-room hotel with an accompanying restaurant and bar. The hotel will be called Canopy by Hilton Houston Downtown.
JBG Smith Begins Office-to-Residential Conversion Project in Metro D.C.ARLINGTON, VA. — JBG Smith and general contractor Davis Construction have begun the conversion of 2200 Crystal Drive, an 11-story office building in Arlington spanning 315,000 square feet.
LV Collective, Peninsula Break Ground on 922-Bed Student Housing Project in College Station, TexasCOLLEGE STATION, TEXAS — A joint venture between LV Collective and Peninsula Investments has broken ground on Rambler Northgate, a 922-bed student housing project located near Texas A&M University in College Station.
Ambrose Breaks Ground on Two-Building Spec Industrial Park in Metro IndianapolisGREENWOOD, IND. — Ambrose has broken ground on Indianapolis Logistics Park – South, a 16-acre, two-building industrial park in Greenwood, a suburb directly south of Indianapolis. Building I will offer approximately 105,000 square feet, including a 2,900-square-foot office area.
JLL, CORG Management Group Form Joint VentureJLL and CORG Management Group have formed a joint venture to deliver integrated facilities management and project management services to public sector institutions.
Barnat Launches Phase II of Mixed-Income Multifamily Near Beverly MBTA StationBarnat Development launched construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station.
Daytona Beach Okays Massive Avalon Park Group DevelopmentThe Daytona Beach City Commission approved rezoning 2,760 acres of vacant land for the Avalon Park Daytona Beach planned development. The development will feature 8,818 residential units and 1,091,150 square feet of commercial and non-residential space.
TCC Breaks Ground on 788,320 SF Spec Warehouse in Plainfield, IllinoisPLAINFIELD, ILL. — Trammell Crow Co. (TCC) has broken ground on Building 2 of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. The 788,320-square-foot spec warehouse is slated for completion by the third quarter of 2027.
Representative imageMamdani Unveils Housing Plan to Create 200K New Homes, Among Other ReformsMayor Zohran Mamdani announced Tuesday a slew of policy changes designed to build 200,000 new homes in New York City, specifically in districts with the lowest amounts of affordable housing.
Related Breaks Ground on $200M Multifamily Project Along St. Johns River in JacksonvilleJACKSONVILLE, FLA. — Related Group has broken ground on Southbank Residences, a $200 million multifamily project located along the St. Johns River in Jacksonville.
PNK Group Begins Construction on 1 MSF Industrial Facility in Griffin, GeorgiaGRIFFIN, GA. — PNK Group has begun construction on PNK Griffin 200, a 1 million-square-foot speculative industrial facility located at 35 S. McDonough Road in Griffin, about 38 miles south of Atlanta.