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JPMorgan Chase & Co. is consolidating its workforce into a new space at Broadwest, a 600,000-square-foot mixed-use project in Nashville.  The Nashville Business Journal reports that the 51,000-square-foot space will include a new client center with twice the capacity of its current space, flexible workspaces, access to on-site amenities, and capacity for up to 280 employees across two floors, with room for continued growth. The new space will be open to JPMorgan Chase employees starting in early 2028.

The office will feature J.P. Morgan signage at the top of a Nashville building for the first time.

Brie Bley of CBRE represented JPMorganChase and Bill Adair and Ashley Marshall represented Propst Companies in the transaction.

Opening in 2021, the Broadwest development also includes a 34-story condo tower, the 234-room Conrad Nashville hotel and 125,000 square feet of retail and restaurant space.

The bank has 500 employees across the state, with nearly 400 employees in the Greater Nashville area.

Portman acquired the Westin Peachtree Plaza, a 1,073-key full-service hotel in downtown Atlanta, from Marriott International. The hotel will remain in Marriott’s portfolio under a long-term management agreement. Portman purchased the property through its Portman Hospitality Fund I. John Portman, the founder of Portman Holdings, designed and developed the tower in the 1970s.

When it opened in 1976, the 73-story cylindrical tower was the tallest hotel in the world. One of Atlanta’s most recognizable landmarks, the mirror-glass building rises 723 feet above downtown and is located near the Georgia World Congress Center, State Farm Arena, Mercedes-Benz Stadium and the Centennial Yards development.

Portman will launch a comprehensive renovation that will reposition the Westin Peachtree Plaza’s guestrooms, public spaces and meeting facilities prior to Super Bowl LXII in 2028.

Before the sale, the Westin Peachtree Plaza was the only Westin hotel that Marriott International owned outright. It mostly manages or franchises hundreds of other Westins across the country.

Northmarq Debt + Equity team led by Chris Hammel arranged the $38 million new construction financing for Evolve Crossing, a 210-unit, Class A multifamily development well-located in Burlington, North Carolina. 

Northmarq arranged financing for the borrower, Evolve Companies, through its relationship with CrossHarbor Capital Partners. 

Planned for completion in 2028, Evolve Crossing will be a Class A, garden-style apartment community featuring one-, two- and three‑bedroom residences with high-end fixtures and finishes. Community amenities will include a resort-style pool with lounge, outdoor kitchens, ample parking, co-working space, full gym with a yoga studio, dog park with pet spa station, and welcoming common areas.

Northmarq recently arranged construction financing for Evolve Companies’ Evolve Wynwood project in Miami. On its website, Evolve says it selects, acquires, develops and constructs properties all over the Southeast.

Insignia LLC hopes to continue its redevelopment of Embassy Row, a spread-out office park in Sandy Springs. The Atlanta Business Chronicle reports that the latest project would include 111 townhomes, 1,068 apartments, 15,300 square feet of retail space, and 159,463 square feet of existing office space.

Construction is already underway on the campus, which would be rebranded as Embassy Row Grove.

Three buildings, totaling about 400,000 square feet of office space, remain on the campus across 21 acres. Two of those buildings will be demolished to make room for new residences and retail space, while one will remain as office space. The property is between two MARTA stations.

Insignia has been involved in the ongoing redevelopment of several expansive sites, including a former Kmart site in Doraville. Dubbed Lotus Grove, the project calls for 780 apartments, a 160-room hotel and more than 66,000 square feet of retail space.

13th Floor Investments has broken ground on “Venture on the Trail” – a 222-unit garden-style multifamily community in Greenville, South Carolina. Located at 301 Alston Street, the development marks the first phase of 13th Floor’s “On the Trail” mixed-use development slated to rise on 250 acres. CIBC provided $47 million in construction financing to kick-start the project’s development, which is now under construction and slated for completion in 2027. 

Apartments at Venture on the Trail will range from studios- to three-bedroom units measuring between 600 and 1,350 square feet in size.

Community amenities will include a standalone clubhouse, a resort-style pool, two pickleball courts, co-working spaces, an expansive fitness center, and an oversized bike room, with the standout amenity being direct access to the Swamp Rabbit Trail. 

The “On the Trail” property is entitled to accommodate a mix of residential, commercial, retail, and hospitality uses, with future phases currently in planning.

Blake Management Group will bring a two-story, resort-style senior living community, The Blake, to the Lake View Acres neighborhood in College Station. The $23 million project will be located on Harvey Mitchell Parkway South.

The development will include 117 units, which include 73 licensed assisted living units and 44 memory care units. The community will offer assisted living and specialized memory care services for residents living with Alzheimer’s disease and related conditions. The Blake will offer full hospitality services, including dining, fitness programs, concierge assistance and laundry. 

Construction is expected to be completed in early 2028.

The Blake College Station project marks the company’s fourth development in Texas. Blake operates eight other communities nationwide. Texas locations include Waco, Tyler and New Braunfels.

Harrison Street Asset Management offloaded a 106,000 Atlanta shopping center for $55.4 illion. Peachtree Station was purchased by TA Realty.

The Whole Foods-anchored center is 100% leased. The lease remains in effect until 2037. Other tenants include Starbucks, Chipotle, Cava, Verizon Wireless and First Watch.

JLL, which helped broker the deal, says the Whole Foods location ranks as the fourth-most-visited store in Georgia and among the top 40% of all Whole Foods locations nationwide by foot traffic, with an estimated 865,000-plus annual visits.

JLL represented Harrison Street in the deal. The JLL Capital Market’s Investment Sales and Advisory team included Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton.

The property benefits from its proximity to Atlanta’s most prestigious neighborhoods including Brookhaven, Buckhead and Sandy Springs, with strong daytime employment from nearby commercial centers and DeKalb Peachtree Airport, Georgia’s second-busiest airport.

Johnson & Wales University plans to fully renovate a major residence hall on its Charlotte, N.C. campus to accommodate a mixed-use of housing and student services. The 97,000 square-foot building, currently called “The Maple” and previously managed as the Doubletree by Hilton Hotel, will be completely overhauled with new mechanical and building systems and infrastructure, 150 rooms for upper-class students (with a potential occupancy of 276), an admissions welcome center, and a central location for student services.

The project is expected to take approximately two years to complete, and the expected investment by the university will be around $42 million, funded through a combination of investment reserves and philanthropy from individuals, corporations and foundations. The university will work with 3Ten Construction, a commercial contractor based in Charlotte, N.C., and Little Diversified Architectural Consulting, also based in Charlotte, N.C. Both firms have completed early-phase work on the project.

The Doubletree purchase aligns with its curriculum. The Charlotte campus offers a 90-credit, three-year Hospitality Management degree program under the University’s current accreditation, making it the first in the Southeast to offer such a degree.

Empire Group of Companies has replaced Diversified Partners with SimonCRE to complete the buildout of a proposed 120,000-square-foot retail center in Carefree. The Phoenix Business Journal reports the move was made due to an issue with delivering tenants. The Carefree Quarter project is expected to cost $60 million to build. The development will break ground in early 2027. Empire Group acquired the land in 2017 for $6.5 million.

The plan is for a 30,000-square-foot grocery store with a 16,000-square-foot building attached. There will also be three shops and eight pad buildings ranging in size from 1,700 square feet to 4,700 square feet,

Empire is working on a project in downtown Phoenix that will become Arizona’s tallest tower. Arro is a 1.8 million-square-foot development that includes two towers, each home to a hotel, residential units, a restaurant and office space. Anticipated groundbreaking is early next year.