Ground to be Broken on $68M Chappaqua Crossing

QUINCY, Mass. – In one of the largest ground-up development projects in its 40-year commercial real estate history, The Grossman Companies, Inc. has partnered with Summit Development to develop a high-end 120,000-square-foot, $68-million retail development on 19 acres at 480 Bedford Road, part of the long-time, former Readers Digest world headquarters located in Quincy, Massachusetts. The entire site consists of 114 acres. Chappaqua Crossing will be ready for its anchor tenants, Whole Foods and Life Time Fitness, each 40,000 square feet, in mid- 2018. Other tenants that have already signed leases include Pet Valu, Chase Bank, AT&T and Go Health … Read more

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Mortenson to Help Build Community Ties with $38M Wellness Center

CHICAGO, Ill. – Mortenson Construction is launching a major renovation and expansion of Harper College’s sports and wellness center to create a state-of-the-art health and recreation center for the Palatine, Illinois community college and Chicago’s northwest suburbs. The $38-million project includes constructing the shell and core of a 10,000-square-foot addition planned to house a medical clinic run by Northwest Community Healthcare for students, faculty, staff and area residents. Harper College, along with Mortenson Construction and architect Cannon Design, recently held a groundbreaking for the modernization project. Building M, closed until the renovation is completed in August 2018, is home to … Read more

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Community Development Partners to Break Ground on Rocky Hill Veterans Housing

NEWPORT BEACH, Calif. – Community Development Partners to break ground for the Rocky Hill Veterans Housing on April 7. Located at 582 Rocky Hill Road in Vacaville, California, this $21-million project will provide much-needed housing for chronically homeless veterans and low-income veterans and families. Rocky Hill will consist of 39 new, high-quality permanent rental homes for people earning 15 percent to 60 percent of the area median income. Twenty-nine units will be reserved for veterans, with the remainder having a veteran preference. The innovative project’s structural system is comprised of modified steel shipping containers, which is stronger than typical wood … Read more

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El Monte Gateway Development Team Celebrates Groundbreaking of Mixed-Use Development

SANTA ANA, Calif. – This month, El Monte Gateway celebrates a significant milestone in its ambitious transit-oriented development realization. On Thursday, Feb. 16, SVA Architects, the city of El Monte, California and the El Monte Gateway development team will celebrate the groundbreaking of a mixed-use apartment community, also known as Parcel 4. The project is composed of market-rate apartments with ground-floor commercial and retail uses; this new community is a key component of the El Monte Gateway Master Plan – a walkable and transit friendly district with linkage to bike trails along Rio Hondo River. Transit-oriented development El Monte Gateway … Read more

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