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DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.
CHARLOTTE-Trammell Crow Co. plans to add a seventh building to its six-building, 350,000-sf Forest Park office project in the southwest submarket at Interstate 77 near the airport. The estimated construction cost is $10 million.
AUSTIN-Trammell Crow is plotting a $40-million speculative industrial park on 68 acres commonly known as the Scarbrough Tract, situated along Interstate 35 and sandwiched between two Dell Computer complexes.
SALISBURY-Dearborn, MI-based Meredian Automotive Systems Inc., a truck and auto parts manufacturer, plans to open an $18-million manufacturing plant near Salisbury, NC, about 50 miles north of Charlotte.
CHICAGO- Big development plans will soon be announced as Keystone REIT acquires land in Louisville and Cincinnati, trust executives say. The shift into big-box warehouses will pit the Pennsylvania-based office and industrial REIT against such distribution facility giants as Prologis and First Industrial.
VANCOUVER, WA-Q Prime plans to build a $10-million facility on 134 acres of county-owned fairground land north of Vancouver, deed it to the county and then lease it back for $23 million over 25 years.