Ryan Companies has formed a joint venture with Namdar Realty Group and Mason Asset Management, which announced the financial land closing and start of construction of a 160,000-square-foot speculative industrial facility at Pullman Crossings.

This project comes just five months after the groundbreaking of another 170,000-square-foot speculative industrial facility and marks the final phase of Pullman Crossings, a 50-acre industrial park within Pullman Park, a 180-acre, mixed-use development being developed by Chicago Neighborhood Initiatives (CNI).

“The final phase of Pullman Crossings represents an exciting next step in the continued growth of the South Side,” said Kyle Schott, vice president of real estate development at Ryan Companies. The 10-acre site for the new facility is located in the historic Pullman neighborhood at 10800 S Doty.

Ryan is developing and building the facility with construction financing provided by Bankers Trust. The final phase of Pullman Crossings is expected to be completed by August 2025.

The Carroll Cos. is moving forward on a $210 million construction project in Greensboro. The venture entails 480 apartments and 280 townhomes.

The property comprises more than 62 acres at 2000 and 2014 Fleming Road. The development will be near the intersection of Isaacson and Horse Pen Creek roads. Called The Madison, the company anticipates that phase one of the project will begin in the summer of 2025 and be completed in the summer of 2027. The plans include a proposed clubhouse near the apartment units, a maintenance building and an additional amenity area.

The Triad Business Journal reports the Carroll Cos. purchased the property from Zimmer Development Co. of Wilmington in the fall of 2022 for $5.6 million.

Carroll recently opened Car Caves, which features 27 for-purchase units for the storage of luxury cars. Car Caves is located at 1016 Battleground Ave., next to a Bee Safe Storage location, which Carroll also owns.