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Development news – page 4
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Dermody Breaks Ground on 358K-SF Suburban Chicago Industrial ProjectDermody broke ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility located at 5300 St. Charles Road in Berkeley, Illinois.
Embrey to Raze Alamo Heights Rental Units, to Build 296 New OnesThe Alamo Heights City Council has agreed to Embrey’s plan to tear down the 105-unit Treehouse Apartments and replace them with a five-story project called Grove Place.
April Housing Reopens North Dallas Mixed-Income Community Following $20M RehabilitationDALLAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened Waterford at Goldmark Apartments, a 220-unit mixed-income housing community in North Dallas, following a $20 million renovation.
Harrison Street, U. of San Diego to Partner for On-Campus HousingHarrison Street Asset Management and The Michaels Organization have formed a public-private partnership agreement with the University of San Diego to build the Presidio Terrace Apartments, a planned new $230 million, 321-unit, 700-bed on-campus student housing development.
VanTrust Real Estate Breaks Ground on 512,000 SF Spec Industrial Project in McKinney, TexasMCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on an approximately 512,000-square-foot speculative industrial project in McKinney, located north of Dallas.
Steven McKessey Joins Rudin as Head of Design and ConstructionOwner and developer Rudin has appointed a new leader for its capital planning, design and construction efforts, Commercial Observer has learned.
Cabot Cabot & Forbes Tops Off Construction at Woburn Innovation CenterCabot, Cabot & Forbes (CC&F) recently topped off The Bolt, a 180,000-square-foot center for innovation along the New Boston Corridor in Woburn, MA. Representatives from CC&F, John Moriarty & Associates, the U.S.
Wu Administration Eyes $100M Development Incentive Program for Stalled ProjectsBoston Mayor Michelle Wu is proposing a $100-million development incentive program to help jumpstart large residential developments her administration says are stalled by high construction and borrowing costs, the Boston Business Journal reported Monday.
Representative imageShort-Term Rental Giant Airbnb Launches $250M Housing Construction FundAirbnb is joining the fight to alleviate America’s ongoing housing supply shortage. The online rental housing marketplace announced Monday that it plans to invest $250 million to fill financing gaps in the development of affordable and mixed-income multifamily projects.
Endeavor Breaks Ground on 198,000 SF Office, Retail Project Near Downtown AustinAUSTIN, TEXAS — Endeavor Real Estate Group has broken ground on 5th & Walsh, a 198,000-square-foot office and retail project near downtown Austin.
Representative imageSansone Group Delivers 269,700 SF Industrial Building in Midlothian, TexasMIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has delivered Palmer Logistics, a 269,700-square-foot industrial project located in the southern Dallas suburb of Midlothian.
Fengate, Mavrek Break Ground on 25-Story Apartment Tower in Chicago’s West LoopCHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood.
Logos Faith Tests Modular Construction for Affordable Housing ScaleSince its launch in 2017, Los Angeles-based Logos Faith Development has worked with religious institutions throughout Southern California to convert underutilized land into affordable housing units.
Apollo, BDT & MSD Partners Provide $197M to Build Naples Luxury CondosKolter Urban and BH Group have secured $197 million in construction financing to build Olana Naples Residences, an estate-style condominium residence in Naples, Fla., along Florida’s Gulf Coast, Commercial Observer can first report.
Foundry Commercial to Develop 192,000 SF Industrial Project in Fort WorthFORT WORTH, TEXAS — Orlando-based Foundry Commercial will develop Gemini Logistics Center, a 192,000-square-foot industrial project in Fort Worth.
Prologis to Develop 1 MSF Logistics Facility in Minooka, IllinoisMINOOKA, ILL. — Prologis has acquired 69 acres in Minooka within Chicago’s I-80 submarket with plans to develop Minooka Exchange, a 1 million-square-foot logistics facility.
Pickleball Concept Will Make California Debut with Lewis Retail CentersLewis Retail Centers, a division of Lewis Group of Companies, said Wednesday that construction has commenced on Electric Pickle, a chef-driven restaurant, bar and pickleball social house concept at The Resort in Rancho Cucamonga.
Law Firm O’Melveny Renews 100K SF at 1625 Eye Street in D.C.O’Melveny & Myers has signed a 15-year renewal for roughly 100,000 square feet at 1625 Eye Street NW in Washington, D.C., as the building’s new ownership group sets up a substantial renovation.
ISO New England Taps Erland Construction for Holyoke Campus ExpansionErland Construction, in collaboration with Northstar Project & Real Estate Services and Interior Architects, has been selected by ISO New England to construct a new 78,500-square-foot office building on the organization’s Holyoke, MA campus.
Diversified to Break Ground on 100K-SF Scottsdale Lakefront DevelopmentDiversified Partners will officially break ground in two weeks on The Lakefront at Scottsdale, its approximately 100,000-square-foot mixed-use redevelopment. The dated mixed-use venture will undergo a major conversion.