Development

750-Curtiss
DevelopmentIllinoisMidwestNews

Joint Venture to Break Ground on DuPage County Project

by Lynn Peisner

DOWNERS GROVE, ILL. — Co-developers Conor Commercial Real Estate and LCI Development Partners, along with investment partner Bailard, will develop 138 units at 750 Curtiss St. in Downers Grove, 30 miles west of Chicago. The development team also includes SGW Architecture & Design and McShane Construction Co. Completion is slated for spring 2027. The six-story residence will be comprised of studios and one-, two- and three-bedroom units as well as five two-bedroom, direct-entry townhomes. Amenities will include a coffee bar, pool, firepits, a dog park, a fitness center, coworking space …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Grand-on-Main
DevelopmentIndianaMidwestNews

BW Development, Skender to Break Ground on $105 Million Mixed-Use Project in Westfield, Indiana

by Lynn Peisner

WESTFIELD, IND. — BW Development will break ground later this year on The Grand on Main, a $105 million mixed-use development formerly dubbed Jersey 32. The builder is Chicago-based construction firm Skender, and the architect is Studio M Architecture and Planning. Completion is slated for 2027. The project, located in Westfield 20 miles north of Indianapolis, will include 216 multifamily units, 51,000 square feet of ground-floor retail and 15,000 square feet of office space. The plan to build a mixed-use site at the intersection of State Road 32 and Poplar …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Bluffs-on-Lake-St-Francis
DevelopmentMidwestNewsWisconsin

M&R, Campbell Capital Break Ground on Milwaukee Project

by Lynn Peisner

ST. FRANCIS, WIS. — M&R Development and Campbell Capital Group LLC have begun construction of a 278-unit luxury apartment community situated on a bluff overlooking Lake Michigan in St. Francis, five miles south of downtown Milwaukee. The Bluffs on Lake will offer units ranging from studios to three-bedroom designs. M&R and Campbell Capital also teamed up to develop 42 Hundred on the Lake, a 236-unit project just south of The Bluffs on Lake that opened in 2021.  Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Salida_del_Sol
Affordable HousingCaliforniaDevelopmentNewsWestern

San Juan Capistrano City Hall Redevelopment Includes 50 Affordable Housing Units

by Lynn Peisner

SAN JUAN CAPISTRANO — Jamboree Housing Corp. has completed and opened Salida del Sol in San Juan Capistrano. According to Jamboree, a nonprofit, California-based affordable housing developer, the project is the first in the nation to combine affordable housing with a city hall. Located on a 2-acre portion of San Juan Capistrano’s existing city hall site, the 50-unit Salida del Sol is designed around a large open courtyard with a 45,593-square-foot residential building. Forty 557-square-foot units are designated for formerly unhoused individuals and veterans earning up to 30 percent of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Peridot-Lounge
DevelopmentFinanceNewsTexas

CIM Group Provides $132 Million Loan for Phase II of Peridot in Dallas

by Lynn Peisner

DALLAS — Pacific Elm Properties has secured a $132 million loan to refinance Santander Tower, a Dallas high-rise that has been converted from an office building to a mixed-use community. A portion of the tower, known as Peridot, was converted to 291 units of multifamily in 2023. The new loan will support construction of the project’s second phase, which will add 105 additional apartments and bring the total Peridot offering to 396 residences upon completion. In addition to the Peridot apartments, the mixed-use Santander Tower offers the Mint House luxury …

Continue Reading
0 FacebookTwitterLinkedinEmail
Royal-Crest
Affordable HousingDevelopmentNewsTexas

FTK Constructions Begins Renovation of Dallas Affordable Housing Property

by Lynn Peisner

DALLAS — FTK Construction Services has begun renovating Royal Crest Apartments in Dallas. The 167-unit affordable housing property is owned by Fairstead and is undergoing a $21.8 million redevelopment. The lender on the project was Capital One, and the architect is Hooker DeJong. Fairstead acquired the community in August. Units are reserved for residents earning between 50 and 60 percent of area median income. Unit upgrades to the 1968-built property include new paint, cabinetry, countertops, door hardware, plumbing fixtures, flooring, light fixtures, ADA unit upgrades and HVAC updates. Common area …

Continue Reading
0 FacebookTwitterLinkedinEmail
Construction site
DevelopmentFeaturesOperations

Owner-Controlled Insurance Programs Can be Cost Effective, But Only if Negotiated Smartly

by Lynn Peisner

By Max Stein and Robert Alfert For any construction project, insurance coverage is a critical factor in managing risk. In recent years, owner-controlled insurance programs (OCIPs) for large-scale commercial and residential construction projects have grown in popularity. OCIPs are mainly known for being “wrap-up policies,” which means the owner/developer pays the premium, and the policy provides coverage for all contractors and subcontractors working on the project, with the exception of some higher-risk trades, such as hazardous-materials handling or demolition. While OCIP costs can vary widely depending on project scale and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Soleste-on-the-Trail
DevelopmentFinanceFloridaNewsSoutheast

Estate Cos. Secures $60 Million Loan to Build Soleste Property in Palm Beach County

by Lynn Peisner

RIVIERA BEACH, FLA. — The Estate Cos., a Miami-based developer known for its Soleste brand of communities, has secured a $60 million construction loan to build Soleste on the Trail in Riviera Beach. Located approximately five miles north of West Palm Beach and situated aside a lake, the community will be comprised of 255 one- and two-bedroom units. A completion date was not disclosed. Amenities will include a clubhouse, a resort-style pool with cabanas, outdoor barbecue areas, a fitness center with on-demand classes and a yoga studio, a full-service spa, …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Mitchell
DevelopmentGeorgiaNewsSoutheast

CIM Group Opens Centennial Yards High-Rise in Atlanta

by Lynn Peisner

ATLANTA — CIM Group and Centennial Yards Co. have opened The Mitchell, a 19-story luxury high-rise, which is also the first ground-up building completed within the $5 billion Centennial Yards mixed-use development in Atlanta. An earlier project, The Lofts at Centennial Yards South, was built above an existing brewery. The Mitchell, located at 250 Martin Luther King Jr. Drive SW, offers studios and one-, two- and three-bedroom floor plans. Some units feature floor-to-ceiling windows with views of the city. Amenities include a pool, a fitness center, coworking spaces, outdoor gathering …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brook-Farm
DevelopmentFloridaNewsSoutheast

Brook Farm Group Breaks Ground in Bradenton-Sarasota MSA

by Lynn Peisner

ELLENTON, FLA. — Brook Farm Group (BFG) has broken ground on The Sinclair at Ellenton, located about 20 miles north of Sarasota, Florida. Completion is slated for early 2027. First Horizon Bank is the construction debt provider, and Fundrise is a preferred equity partner. Brook Farm Group is providing the remaining equity to complete the financing. BFG worked with Patterson Real Estate Advisory Group to arrange the capital for the project. Fortune Johnson is the general contractor. The Sinclair at Ellenton will be comprised of two three-story buildings and three …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.