New & Noteworthy Projects

Summer 2023 Issue
Currwood Image

2 million sq. ft.
MCB Real Estate LLC, along with Invesco Real Estate, Curated Development Group and Birchwood Capital Partners, is building Currwood Logistics Park in Hagerstown, Maryland. Set for completion in late 2023, the park will offer approximately 2 million square feet of industrial, warehouse and logistics space in two buildings, potentially creating up to 1,500 jobs. The larger building will have an alternate-energy-ready roof for a solar array, while both buildings will provide ample parking and truck court space.

Florida Integrated Image

1.2 million sq. ft.
Building 1 of the Central Florida Integrated Logistics Park in Winter Haven, Florida, a 1,217,534-square-foot Class A cross-dock industrial spec development, will be delivered in the third quarter of 2023. The 87-acre property, owned by Tratt Properties, features 40-foot clear heights, ESFR sprinklers, 193 dock doors, four drive-in doors, 543 trailer parking spaces and 376 parking spaces. The park boasts 930 acres of developable land, accommodating more than eight million square feet of development.

Fenton Image

945,000 sq. ft.
Hoar Construction has completed Phase I of Fenton, a 945,000-square-foot mixed-use development in Cary, North Carolina on behalf of the developer, Hines. The 69-acre project, near the intersection of I-40 and Cary Towne Boulevard, includes 200,000 square feet of Class-A office buildings, 345,000 square feet of retail, restaurant and entertainment space, and a two-level, 254,000-square-foot parking deck with 811 spaces.

Chisolm20 Image

917,374 Sq. ft.
Jackson-Shaw is developing Chisholm 20, a Class A, 917,374-square-foot business park on 69 acres in Benbrook, Texas, with completion expected in the third quarter of 2023. The four-building park near Interstate 20 and Winscott Road will offer flexibility for multiple tenants. It will feature 60-foot speed bays, 32- to 36-foot clear heights and significant trailer storage.

Cochrane Tech Image

500,000 sq. ft.
Trammell Crow Company and CBRE Investment Management are building the Cochrane Technology Center, a 500,000-square-foot Class A business park in Morgan Hill, California. As the largest speculative industrial development currently under construction in Silicon Valley, the project will feature five industrial buildings on a 30-acre site, with completion expected in early 2024. The development will accommodate various tenant sizes and cater to the operational needs of Silicon Valley companies, with buildings ranging from 73,000 to 138,000 square feet.

Northeast Crossing Image

424,404 sq. ft.
Jackson-Shaw is developing Northeast Crossing, a 27.45-acre urban industrial park in Houston’s northeast submarket. Scheduled for completion in the second quarter of 2023, the park will feature a 424,404-square-foot building with cross-dock configuration and ample trailer parking. Amid strong demand for industrial space in Houston, Northeast Crossing is expected to attract e-commerce and supply chain companies.

ShermanSterling Image

340,000 sq. ft.
Law firm Shearman & Sterling has completed renovations at its 599 Lexington headquarters in Manhattan. The 340,000-square-foot space, which is on track for WELL Building Standard and LEED Gold certifications, features large screens, improved acoustics, customizable lighting, sit-stand desks, eco-conscious features, artwork from diverse artists, and a destination café with fresh, nutritious options.

Peabody Union Image

300,000 sq. ft.
Stiles, Hensler Development Group and PGIM Real Estate are building Peabody Union in Nashville, a mixed-use development featuring dining, retail, office space and luxury residences. Located on the banks of the Cumberland River, Peabody Union will be a walkable area anchoring the Lower Downtown District (LoDo). Set for completion in late 2024, the project will offer 50,000 square feet of retail and dining, 250,000 square feet of Class-A creative office space and a 27-story multifamily tower with 354 apartments.

VT 202 Image

181,000 sq. ft.
VanTrust Real Estate is building VT 202, a speculative industrial development in Southwest Phoenix that features two Class A buildings totaling 181,000 square feet. The project offers flexibility in tenant requirements, accommodating users seeking 38,000 to 181,000 square feet. Building A will be 104,687 square feet and Building B will be 76,319 square feet. Both will feature 32-foot clear heights and numerous dock-high and grade-level doors.

Jefferson Image

85,000 sq. ft.
Anchor Health Properties recently commenced construction for the 76-bed, 85,000-square-foot Jefferson Regional Specialty Hospital in White Hall, Arkansas. The facility, set for completion in December 2023, will provide 40 beds for adult inpatient rehabilitation services and 36 beds for adult and senior behavioral health services. Anchor is collaborating with Lifepoint Rehabilitation and Lifepoint Behavioral Health, who will operate the facility alongside Jefferson Regional.

Harlem Image

55,129 sq. ft.
Exact Capital has partnered with Harlem Equitable Development Corp. to develop 52 affordable co-op apartments in Central Harlem through a public-private partnership. The project consists of a six-story building at 207-209 West 140th Street with 21,162 square feet of residential space and a 12-story building at 304 West 150th Street with 34,129 square feet of residential space, offering a mix of studio, one-, two- and three-bedroom apartments.

Kinnate Image

7,000 sq. ft.
Ware Malcomb has completed construction on Kinnate Biopharma’s 7,000-square-foot office space in San Diego. It focuses on collaborative areas, touchdown workspaces, meeting rooms and open office design. The interior design and branding reflect Kinnate’s identity through colors and geometric shapes. Acoustic baffles and a white noise system ensure sound control. As a hybrid workplace, Kinnate encourages employees to use the office for collaboration, with various seating options and hoteling workstations provided for flexible use.

Do you have a new and noteworthy project in the planning, design or construction stage that you’d like to share with fellow real estate professionals? Send a brief description and high-resolution rendering to