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Julie Menin Proposes Affordable Housing Initiative at New York City LibrariesJulie Menin is pushing a new affordable housing strategy that would redevelop public library properties across New York City. The initiative aims to create hundreds of income-restricted apartments while modernizing aging library facilities in underserved neighborhoods.
Ken Griffin Expands Brickell Bet With 300 ApartmentsKen Griffin is expanding his Brickell development plans with the addition of 300 apartments and a 1,420-space parking garage at 1201 Brickell Bay Drive. The revised proposal builds on the planned 1.7 million-square-foot Citadel headquarters and further strengthens Griffin's growing presence in South Florida real estate.
Related, ADIA and Mack Are Shopping the Shops at Columbus Circle for $450MThe Shops at Columbus Circle, one of Manhattan’s most prominent retail destinations, has been listed for sale or recapitalization at an asking price of approximately $450 million. Anchored by top-performing tenants including Whole Foods, Equinox, and multiple Michelin-starred restaurants, the trophy asset offers a rare opportunity to acquire a retail property with unmatched visibility, foot traffic, and Central Park frontage.
Hotel Indigo Rises in Downtown GlendaleVK Group is advancing construction of the seven-story Hotel Indigo at 515 N. Central Avenue, bringing a new boutique hospitality destination to Downtown Glendale. The project could expand from 142 to 174 guest rooms and will feature a pool deck, fitness center, meeting space, street-facing courtyard, and a 137-car underground parking garage.
Former Lutheran High School Site Could Become 121-Home DevelopmentLewis Homes is seeking approval to redevelop the former Lutheran High School campus in La Verne into a 121-home residential community featuring a mix of townhomes and detached single-family residences. The project would transform the vacant nine-acre property while preserving the site's existing gymnasium and adding much-needed new housing to the San Gabriel Valley.
NYC Completes First Phase of $200M Battery Resiliency ProjectNew York City has completed the first phase of the Battery Coastal Resilience project, a $200 million effort designed to protect Lower Manhattan from future flooding and sea-level rise. The milestone marks a significant step in the city's broader $2.7 billion resiliency strategy, with the final phase expected to be completed in 2027.
Zuccaly to Open Coral Gables' First Italian Food HallDa Silva Hospitality Group is bringing Coral Gables' first Italian food hall to The Plaza Coral Gables with the upcoming opening of Zuccaly at 111 Palermo Avenue. The 8,000-square-foot concept will feature six culinary stations, a full-service bar, coffee program, and seating for 200 guests, further expanding the mixed-use destination's dining offerings.
Sunshine Coffee Opens Flagship Café in North BeachSunshine Coffee has opened its new flagship café in Miami's North Beach, bringing an expanded menu, exclusive soft-serve offerings, and a beach-inspired design to Collins Avenue. The new location reflects the brand's continued growth as founders Alan Philips and Gelareh Mizrahi work to expand their locally loved coffee concept across South Florida.
DePaul Secures Permit for $42.4M Basketball Training ComplexDePaul University is moving forward with its new $42.4 million basketball practice facility in Lincoln Park after receiving a key construction permit for the project. The state-of-the-art facility will provide dedicated training, wellness, and support spaces for the university's men's and women's basketball programs, with completion targeted for 2027.
Park Sherman Plans 290-Unit Apartment Project on Former Reseda Walgreens SiteA vacant Walgreens property in Reseda could be redeveloped into a 290-unit mixed-income apartment community, bringing new housing to a rapidly evolving stretch of Sherman Way. The proposal includes 44 affordable units and reflects the growing use of density bonus incentives to expand housing production across Los Angeles.
Pinnacle Housing Proposes 100-Unit Affordable Housing Project in Miami-DadePinnacle Housing is moving forward with plans for Pinnacle Commons, a proposed 100-unit affordable housing development along South Dixie Highway in southern Miami-Dade County. The mixed-use project would feature residential units, retail space, and community amenities while helping address the region's growing demand for affordable housing.
Scott Wiener's SB 79 Opens Door for 1.5 Million New Homes Near California TransitCalifornia State Senator Scott Weiner signs bill that would allow for up to 1.5M new housing units near major transit stations. This law directly addresses the housing shortage in California by encouraging residential development.
Advocate Health Breaks Ground on New $300M Trinity Hospital in ChicagoAdvocate Health Care has begun construction on the $300M Trinity Hospital in Chicago, part of their $1B investment to expand healthcare access across Chicago. The new hospital will be located at 8000 S. DuSable Lake Shore Drive, to replace the existing Trinity Hospital.
Connected Cos. Secures $27M for San Gabriel Mixed-Use ProjectConnected Cos. will develop a multi-use space of 136,991 square feet, combining residential and retail uses, at 300 E Vally Blvd. The $26.8M in construction financing was secured through Bayview Asset Management.
Weldon Advances Major 724-Unit Residential Development in Fulton MarketWeldon Development Group continues with construction at their residential development in Fulton Market District in Chicago. The project will include two residential towers with parking space, bicycle storage, and retail space.
Hanover Breaks Ground on 386-Unit Residential Tower in Los Angeles' Playa DistrictHanover company has begun construction on their development at 6055 Center Drive in Westchester, Los Angeles. The project will be 19 stories including 386 residential units and 17 workforce housing units, one of the larger residential projects in the area.
New York Pauses Data Center Permits in One-Year MoratoriumA one-year moratorium has been passed by legislature in New York, allowing for lawmakers to create a long-term plan for the advancement of the industrial real estate industry. Governor Kathy Hochul will review the bill before it becomes official.
LPC Reviews Rooftop Addition Proposal on West 80th StreetThe Landmarks Preservation Commission will review the proposed project at 144 West 80th Street on June 9th. The alterations include enhancements of the existing building's design and a new private rooftop for residents.