Silverstein Properties’ Post

ANOTHER NORTH TEXAS SUBURB’S INSANE GROWTH: Exciting developments are brewing in ANOTHER North Texas suburb. Forney’s “Villages at Gateway” master-planned community is getting an HEB, Target, and Home Depot, and that’s just the tip of the iceberg! The suburb, located just east of Dallas, plans to develop more than 102,000 square feet of retail space as part of the 2,000-acre project that is expected to bring more than 2,000 homes to the area. Now, this isn’t the biggest master-planned community happening in North Texas (that honor belongs to Preston Harbor coming to Denison, to house the people who will need to work in Sherman), but 2,000+ homes and these huge retailers are nothing to scoff at! The message you should take away from this is that North Texas is the place to be right now for investors, and that’s why everyone is trying to get a piece of the pie! Ready to explore how you can capitalize on these promising prospects? Don't navigate the market alone! Book a consultation call with CEO Leah Slaughter at Slaughter Investing to get ahead of the game: https://lnkd.in/gzYJvGwW READ MORE: https://lnkd.in/g4dXu3k2 #ForneyDevelopment #NorthTexasRealEstate #InvestmentOpportunity #RealEstateNews #SlaughterInvesting

As Downtown San Diego’s evolution into a central connectivity district (a place designed for people and businesses to connect to each other) continues, we know that mixed-use projects will play an important role in the makeup of our urban communities. That’s why we are excited to see this announcement about the residential housing investment Stockdale Capital Partners, LLC is adding to The Campus at Horton’s transformation. Not only is additional housing needed locally, but it will be a great accompaniment and activation to the already planned mix of uses and tenants on-site and throughout Downtown. We know from downtowns across the country that housing contributes to resiliency in critical ways like protecting retail investments, bringing activity to parks and plazas, supporting jobs closer to homes, and adding to the street vibrancy, among others. And this investment will continue to complement the other mixed-use projects headed to the market, such as RaDD (IQHQ) and WEST (Holland Partner Group, North America Sekisui House, LLC , Lowe). Our Downtown community is excited to see the economic and cultural vitality potential come together on this adaptive reuse block. https://lnkd.in/gxybXszs

In Q3 2023, new apartment construction is booming in various U.S. neighborhoods, indicating the attractiveness of urban living. In New York, Brooklyn and Queens are adding 20,000 and 10,700 units, respectively, with modest percentage increases to their existing inventories. Jersey City will see a substantial 15% growth with 12,000 new units. Nationally, other neighborhoods experiencing significant growth include Phoenix's Avondale/Goodyear/West Glendale area, Dallas' Allen/McKinney area, Central Nashville, City Center Philadelphia, downtown Miami/South Beach, Dallas' Frisco neighborhood, and Southwest Charlotte, NC. Overall, only 13% of the 750+ submarkets across the 50 largest U.S. markets have no construction underway, indicating widespread development activity.

Amazing Transformation

Many #suburbs in America have long suffered from a phenomenon we call “no there there”. The suburban development of our parents and grandparents was characterized by strip malls and subdivisions, office parks and apartment complexes. Each “use” was segregated and siloed, forcing us to live in our cars, offering lots of places to go, but no place to “be”. Then came Avalon, the first #urbanburb in the Southeast…then City Springs…and The Battery…and Alpharetta City Center…and many other mixed-use communities across metro Atlanta and the US. As developers and municipalities took notice, we hosted dozens of visitors each year at Avalon, freely sharing what we’d learned in the development and operation of this community. Most indicated their willingness to set aside their siloed approach to development and embrace density, multifamily residential and mixed-use, many rewriting their zoning codes to accommodate forward-thinking developers. The City of Johns Creek, Georgia was one of those cities who took notice, welcoming Toro Development Company’s brand of mixed-use development and putting their money where their mouth is, investing in parks and recreational facilities to complement the development of Medley, creating there there virtually overnight by delivering Johns Creek’s very own #ThirdPlace. #Medley #MeetMeAtMedley #JohnsCreek #ThirdPlaceEffect #ThirdPlaceMaking #MixedUse Kimberly Goetz Kaitlyn Theriot Schoerner Bryan Heller Parker (Nelson) Welton

Boston Developer’s $450 Million Vision for Lynn’s Transformation! Here’s a quick glimpse into an exciting development reshaping the landscape of Lynn, Massachusetts! Samuels and Associates, renowned for their expertise in mixed-use projects, is pouring a massive $450 million into developing a 4.4-acre site in Lynn’s South Harbor neighborhood. 👉 Discover more in my detailed video about the project - https://lnkd.in/ePiNqWWx Why is this a big deal? Track Record: Chosen for their proven success in creating vibrant residential, commercial, and lab spaces. Community-Centric: Committing to 10% affordable housing, they're not just building structures but nurturing communities. Economic Boost: A whopping $45 million tax credit backs this project, highlighting its significance and potential impact. The project is expected to net $120 million in tax revenue for the city of Lynn throughout a 30-year period. This development is more than just buildings; it's about revitalizing a neighborhood and creating a beacon of modern urban living. Stay tuned as we follow this transformative journey in Lynn. 🥂To groundbreaking ventures #lynn #realestate #housingnews #realestatenews

Demand for data centers is soaring, but finding enough land in the right locations can be challenging. Walton is excited to partner with some of the largest players in the industry to support this increasing demand… and provide great returns to our investors! #realestateinvestment #assetmanagement #datacenters

ANOTHER NORTH TEXAS SUBURB’S INSANE GROWTH: Exciting developments are brewing in ANOTHER North Texas suburb. Forney’s “Villages at Gateway” master-planned community is getting an HEB, Target, and Home Depot, and that’s just the tip of the iceberg! The suburb, located just east of Dallas, plans to develop more than 102,000 square feet of retail space as part of the 2,000-acre project that is expected to bring more than 2,000 homes to the area. Now, this isn’t the biggest master-planned community happening in North Texas (that honor belongs to Preston Harbor coming to Denison, to house the people who will need to work in Sherman), but 2,000+ homes and these huge retailers are nothing to scoff at! The message you should take away from this is that North Texas is the place to be right now for investors, and that’s why everyone is trying to get a piece of the pie! Ready to explore how you can capitalize on these promising prospects? Don't navigate the market alone! Book a consultation call with CEO Leah Slaughter at Slaughter Investing to get ahead of the game: https://lnkd.in/gRUshBwe READ MORE: https://lnkd.in/gM2BtHDF #ForneyDevelopment #NorthTexasRealEstate #InvestmentOpportunity #RealEstateNews #SlaughterInvesting

Big news from Leander! Northline developers unveiled their new partner, Endeavor Real Estate Group. 🛍Endeavor will oversee the development of 17 acres of commercial retail space along the frontage of 183A Toll within the Northline project. Known for iconic retail centers like The Domain and Southpark Meadows in Austin. 🍽 Charlie Northington, representing Endeavor, revealed plans for a grocery store-anchored shopping center with a mix of restaurants and retail outlets within the 17-acre project. 🏢 Additionally, Endeavor will spearhead the construction of a multifamily portion within the Northline development, as confirmed by Northline founder and developer Alex Tynberg. 🏘 Envisioned as Leander's new downtown district, Northline will offer a vibrant mix of retail, office, healthcare, public space, and residential options. With some portions already housing residents, the project promises to be a bustling, walkable hub. 🚧 Construction on the mixed-use center began in 2020, with vertical construction commencing in 2022. During the workshop, Tynberg proposed changes to the 2018 development agreement, including additional commercial square footage, acreage expansion for the Endeavor retail portion, and property tax reimbursements for infrastructure costs. 📈 In exchange for these changes, Northline commits to providing over 100,000 additional square feet of commercial space and undertaking maintenance responsibilities that would otherwise fall to the city. 🏥 But that's not all - more exciting projects are in the works for Northline, including medical offices, senior living opportunities, and a hotel with a convention center. 🤝 While Council members didn't vote during the workshop, there's evident support for the proposed changes to the Northline development agreement. Tynberg and his team will continue collaborating biweekly with city staff as the project unfolds. Stay tuned for more updates as Northline continues to transform Leander's landscape! - - - - #realestatetrends #luxuryliving #realestate #realtor #austinrealestate #austinrealtor #northaustin #austinrealty #atx #luxuryaustinhome #homesforsale #realtorlife #realestateinvesting #dreamhome #househunting #realestateexperts #homebuying #homeselling #sellinghomes #realtorsofinstagram #northlinedevelopment #leandergrowth #urbanrevitalization

Detroit's Neighborhoods Receive $14.5 Million Boost for Transformative Projects Detroit is set for a revitalization with a $14.5 million state grant supporting five key neighborhood projects. Part of the MEDC’s Revitalization and Placemaking 2.0 program, these initiatives range from residential to commercial developments, promising a positive impact on the city's landscape. Broadway Lofts: Transforming three buildings into a nine-story residential space, with 20% dedicated to affordable housing. Fisher 21 Lofts: Redeveloping a massive 600,000-square-foot building into 433 residential units, retail, and co-working spaces. Arthur Murray Building: Converting an abandoned structure into 32 apartments and ground-floor retail space. Jefferson Intermediate School District: A $44.4 million redevelopment of a former school building, serving as a hub for local businesses. The Deco: Renovation of a commercial building along East Warren Avenue, providing six new apartments and a ground-floor restaurant, La Jalisciense Taqueria. The critical funding aims to uplift neighborhoods, offering impactful housing, jobs, and services. These projects not only address housing needs but also contribute to Detroit's economic growth and community well-being, marking a significant step in the city's ongoing revitalization journey. #DetroitRevitalized #NeighborhoodTransformation #CommunityDevelopment #DetroitProjects #UrbanRenewal #MEDCGrant #AffordableHousing #CityProgress #EconomicGrowth #CommunityWellBeing #DetroitRealEstate #UrbanRevitalization #InvestInDetroit #CityRenewal #DetroitDevelopment #TheDecoRenovation #BroadwayLofts #Fisher21Lofts #ArthurMurrayBuilding #JeffersonSchoolRedevelopment #KeystoneCRE