Southern Land Company broke ground on its first Houston development at 2811 Kirby Drive in the Upper Kirby district.
Upon completion, the 953,000-square-foot mixed-use development will include two towers rising from a shared parking podium and approximately 15,000 square feet of ground-level restaurant space well-suited for best-in-class dining.
A 10-story tower, named 2811 Kirby, will offer four floors of Class AA office space totaling approximately 107,000 square feet. Stream Realty Partners is leading leasing efforts for the office component.
Rising 38 stories, Lily River Oaks—the development’s luxury multifamily community—will feature 331 apartments, including 18 penthouses. Amenities include rooftop indoor and outdoor spaces on the 38th floor with an outdoor pool deck, as well as a seventh-floor garden deck spanning both towers. The seventh floor will also include a residential spa, guest suites, and a fitness center available to both residents and office tenants.
ANDRES Construction is serving as general contractor, with completion expected in 2028.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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