New and Noteworthy Projects

2 million sq. ft.
Greenberg Gibbons broke ground on Midtown64, a $500-plus million, 46-acre mixed-use development outside of downtown Richmond, Virginia, on the former Genworth Financial headquarters campus. Hospitality industry leader Shamin Hotels is a joint venture partner in the project. The 2 million-square-foot development will include up to 130,000 square feet of upscale retail, restaurant and entertainment space anchored by a premier grocery store and a new-to-market fitness concept. It will also feature up to 300,000 square feet of Class A office space, a residential community with nearly 1,000 apartments, 194 townhomes built by Lennar, and a 226-room dual-branded hotel.

808,448 sq. ft.
ViaWest Group, in partnership with Barings, LLC, and Willmeng Construction, broke ground on ReDiscover Logistics Park, an 808,448-square-foot Class A industrial development in Phoenix’s Deer Valley submarket. The 43.5-acre site is approximately 15 minutes from Taiwan Semiconductor Manufacturing Company’s multibillion-dollar campus. The development will consist of four buildings ranging from 189,280 to 212,000 square feet, with clear heights of 32 to 36 feet and flexible configurations suitable for a variety of manufacturing, logistics and distribution users. The project features 200-foot truck courts, steel roof decks pre-engineered for solar, premium power capabilities and 980 parking spaces. Courtesy of ViaWest Group

329,000 sq. ft.
The University of Virginia selected Capstone Development Partners to lead a student housing project that will provide three new residential buildings totaling 310,000 square feet on the school’s Charlottesville campus. The buildings will be five stories and six stories and house approximately 780 students in apartment-style units in the Emmet Ivy Corridor at the intersection of Copeley Road and Ivy Road. The new housing will also include a 19,000-square-foot dining and retail component. The project is scheduled to be completed by fall 2027. Project partners are Elkus Manfredi Architects and a joint venture construction team of Hoar Construction and Hourigan. Elkus Manfredi Architects

330 units
R.D. Olson Construction, on behalf of MBK Rental Living, announced the topping out of Vintage Farms apartments in Murrieta, California, marking the completion of structural construction. The 15-acre community will feature 330 luxury and market-rate apartments in a variety of floor plans across 11 buildings, complemented by 15 stand-alone garages. Amenities include a clubhouse with two pools, a walking trail, pocket parks, coworking space, a 24-hour fitness center and a dog park, as well as convenient access to local shopping, 
dining and schools. The full project is expected to be completed in fall 2026. MBK Rental Living/Apex Visualization

325,000 sq. ft.
VanTrust Real Estate recently broke ground on an industrial development in West Valley City, Utah, minutes from Salt Lake City International Airport, Interstate 80, Interstate 15, State Route 201 and the Union Pacific Intermodal Hub. The project’s first phase will deliver two modern Class A shallow-bay warehouse buildings measuring 325,000 square feet. Delivery is anticipated in fall 2026. VanTrust plans to develop the second phase, two additional buildings totaling approximately 275,000 rentable square feet, based on market demand. The project will specifically cater to local and regional warehouse tenants requiring lease space between 10,000 and 30,000 square feet. VanTrust Real Estate

275,000 sq. ft.
CEDARst Companies broke ground on The Presley, an $82 million ground-up multifamily project located in the Las Vegas Medical District. Designed by Booth Hansen, with OS Construction as general contractor, the seven-story, 275,000-square-foot community is scheduled to deliver in 2028 and will introduce 236 new residences — the first housing development within the Medical District’s core. The community will offer studio, one- and two-bedroom units, including a portion designated as affordable housing. Residents will have access to a fitness center, coworking lounge, golf simulator, and a rooftop pool deck overlooking the district. The Presley represents CEDARst’s 10th qualified opportunity zone development nationwide. CEDARst Companies

201,031 sq. ft.
Aufgang Architects released details on 860 Concourse Village East, a 100% affordable multifamily project being developed by Gilbane in the Bronx, New York. On the site of a former parking lot, the 18-story, 266-unit building will consist of two towers totaling 201,031 square feet. The unit mix includes 148 studios, 60 one-bedroom, 47 two-bedroom and 11 three-bedroom apartments. Resident amenities include a bike room, fitness room, laundry and package rooms, a “learning kitchen,” an outdoor courtyard and a social services suite. A 7,818-square-foot Health Hub, operated by the Institute for Community Living, will offer a range of health programs and resources.

197,000 sq. ft.
Souto Foods, a subsidiary of Alex Lee, opened its new distribution center at Building 500 of the Sugarloaf Logistics Hub in Gwinnett County, Georgia. The 197,000-square-foot facility, with significant cold storage capacity, represents a major expansion from Souto’s former 40,000-square-foot space. Souto invested $28 million in the facility, creating 70 new jobs to expand its Southeastern U.S. operations. The project marks the first building delivered in the Sugarloaf Logistics Hub, a transformative redevelopment by Foxfield and AEW Capital Management that will deliver 2.2 million square feet of industrial space, 700-plus residential units and retail.

133 units
CRG, in partnership with Kenter Capital, announced the start of construction on Chapter Alder, a 15-story, 491-bed student housing high-rise adjacent to the University of Oregon campus in Eugene. With delivery targeted ahead of the fall 2027 academic term, Chapter Alder will include 133 fully furnished units in a mix of studio, one-, two-, four- and five-bedroom floor plans. Residences will be appointed with tech-forward finishes and high-speed internet. Amenities include private and group study spaces, a fitness center, outdoor social areas and a rooftop terrace. The building will offer secure parking, ample bike storage and 2,200 square feet of retail.

100,000 sq. ft.
Ryan Companies broke ground on the 100,000-square-foot Harry Chapin Food Bank of Southwest Florida to address space constraints with the customer’s existing facility in Fort Myers. The food bank feeds more than 250,000 people each month. The new facility will be designed for future expansion and act as a Florida disaster relief facility. Key elements of the design include an interior lobby that keeps two floors of donations on display to convey the food bank’s purpose as a place of service, and an accessible pantry resembling a small grocery store where individuals can carry out their shopping in a dignified manner.

105 units
Adolfson & Peterson Construction (AP) started construction on phase two of Pacific Elm Properties’ multifamily adaptive reuse project at the iconic 50-story Santander Tower in downtown Dallas. Phase two of Peridot Residences will add five floors and 105 one- and two-bedroom residences. AP completed phase one in October 2024, converting a total of 14 floors into 291 apartment units and amenity spaces. Pacific Elm, in collaboration with Mintwood Real Estate, redeveloped Peridot Residences from former office space. The vertical mixed-use development features on-site dining options, a boutique hotel and luxury residences within one tower.

71,510 sq. ft.
Hernandez Development & Construction completed Carol Stream Self Storage, a new 71,510-square-foot, Class A self-storage facility in Carol Stream, Illinois. The three-story building features 625 climate-controlled units, including 36 easily accessible drive-up units. Positioned with prominent visibility along North Avenue (Illinois Route 64), the project benefits from exposure to over 38,000 vehicles daily, offering convenient access for both residential and commercial customers. The facility is equipped with advanced security and access control systems, integrated surveillance technology and a contemporary architectural design. CubeSmart will manage the building.