Creation is leading a team that received the green light from the McKinney City Council for a $1.3 billion development called Long Branch. Other partners include Horizon Capital Holdings and Vaulter. The venture includes housing, retail, office space, specialty grocery stores, and hospitality at the northwest corner of US 75 and the future 380 bypass.
The 155-acre mixed-use development, with 80 acres slated for active development, will unfold over the next decade. Long Branch will be developed in four tracts, each contributing to a mix of residential, commercial, and hospitality uses. The master plan includes approximately 1,600 multifamily homes, 135,000 square feet of retail anchored by a 65,000-square-foot grocer, a 318,600-square-foot office campus with two six-story buildings, a 100-room hotel and a five-story, 910-space structured parking garage.
Design is currently underway for the first phase of construction, spearheaded by award-winning GFF Design. Construction will be led by LGE Design Build. Infrastructure work on the site is expected to kick off later this year, with the first phases of vertical development expected to follow shortly thereafter.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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