New & Noteworthy

Winter 2022/2023 Issue
Seaport 16

7.1 million sq. ft.
Rooker has begun construction on a new 797-acre Class-A industrial development near Savannah, Georgia. The Seaport 16 Trade Center can accommodate up to 7.1 million square feet of industrial space in 10 buildings. In 2023, the developer expects to complete construction on Building 1, an 868,160-square-foot speculative building that is expandable to 1.6 million square feet. Seaport 16 Trade Center is located 25 miles from the Port of Savannah.

Portside

1 million sq. ft.
Stream will develop the Portside Logistics Center in Baytown, Texas. The industrial property will provide strategic access to Port Houston’s two container terminals. The facility will offer multiple configurations with an expandable 760,000-square-foot cross-dock building and a flexible 260,000-square-foot front-load building with a 40-foot clear height and 36-foot clear height, respectively. Both buildings will offer spec office space, LED warehouse lights, a white-boxed interior warehouse, and fully fenced and secured truck courts.

Meta

900,000 sq. ft.
Meta, formerly the Facebook company, is investing $800 million to create a hyperscale data center in Temple, Texas. The new facility, which will total approximately 900,000 square feet when completed, will support approximately 100 operational jobs in the community. Meta’s data centers use 32% less energy, have achieved net zero carbon emissions, are LEED Gold level certified and are 80% more water-efficient on average than the industry standard.

Belward

757,000 sq. ft.
Trammell Crow Company recently unveiled plans to develop The Labs at Belward, a life science campus in the Shady Grove area of Montgomery County, Maryland. The facility, located at the Belward Campus of The Johns Hopkins University, will initially include 757,000 square feet of lab, research and discovery space across three buildings. The project has the potential to grow to
approximately 1.6 million square feet across seven buildings.

Palisades

640,000 sq. ft.
Atlanta Property Group is transforming Palisades, a 640,000-square-foot, four-building office project in Atlanta’s Central Perimeter submarket, into a development that will feature a 1-megawatt solar plant that will be the largest solar plant in a multitenant office property in the Southeast. The plant plus numerous other sustainable investments will make Palisades’ carbon footprint approximately 40% lower than typical office properties in Atlanta.

River Road

302,300 sq. ft.
The Opus Group is developing River Road Logistics, a 302,300-square-foot speculative industrial building on a nearly 40-acre site in Council Bluffs, Iowa. The development is located near the interchanges of Interstate 29 and Interstate 80. The building will feature 34 dock doors expandable to 75, two drive-in doors expandable to four, 50 dedicated trailer parking stalls, 225 vehicle parking stalls and 32-foot clear heights.

Peoria

157,000 sq. ft.
VanTrust Real Estate recently broke ground on Phase I of the 150-acre Peoria Logistics Park, which will consist of up to eight buildings. The project is the largest Class A industrial park ever developed in the Peoria, Arizona, submarket. The first phase features a 157,000-square-foot distribution center for a Fortune 500 company, which is expected to open in early 2023.

Design 38

90,000 sq. ft.
Real estate investment and development firm BH3 Management has begun work on Design 38, a new nine-story, 90,000-square-foot retail, showroom and office development in Miami. Design 38 aims to meet the demand of users seeking retail, showroom or office space but who don’t necessarily need ground-floor locations and would like to avoid the higher rents associated with them. Additionally, BH3 will accept cryptocurrency as an option for lease payments.

PAE Living

58,000 sq. ft.
The PAE Living Building has opened its doors in Portland, Oregon. Designed by ZGF Architects, the five-story, 58,000-square-foot mixed-use building is the first developer-driven and largest commercial urban Living Building in the world. Created in 2006, the Living Building Challenge (LBC) is the most stringent green building certification process that exists today. Project teams must meet seven key performance areas, known as Petals, that address every aspect of design, construction and operations.

Anchor Health

53,000 sq. ft.
Anchor Health Properties is developing a 53,000-square-foot medical office building in Hudson, Ohio, in collaboration with Western Reserve Hospital. A mix of primary and specialty care services will be offered, including endocrinology, medical weight loss, gastroenterology, orthopedics, lab and imaging, ophthalmology, rheumatology, primary care, infusion and podiatry. The facility will use natural light, wood accents and warm colors to create a calming and welcoming patient environment.

SixthChicon

34,364 sq. ft.
Watershed Development Group is constructing Sixth and Chicon, a 34,364-square-foot multifamily project in Austin, Texas. The complex, designed by Mark Odom Studio with construction by Cadence McShane Construction and engineering by Civilitude Planning & Engineering, will feature 60 micro-housing apartments, close to urban amenities and public transportation. The average size for each apartment is 355 square feet, with units ranging from 252 square feet to 465 square feet.

Washington University

8,000 sq. ft.
Washington University School of Medicine in St. Louis recently completed a new mass spectrometry center designed by KWK Architects. The new facility features 8,000 square feet for new instruments, sample preparation, computational analysis and training of medical students, post doctorates and fellows. Mass spectrometry is an analytical laboratory technique used to separate the components of a sample by their mass and electrical charge.