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	<title>Plan Archives - VRJ Properties</title>
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	<title>Plan Archives - VRJ Properties</title>
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		<title>Fort McPherson Redevelopment Plan Taking Shape</title>
		<link>https://vrjproperties.com/fort-mcpherson-redevelopment-plan-taking-shape/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 22 Jan 2025 15:13:04 +0000</pubDate>
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		<guid isPermaLink="false">https://vrjproperties.com/fort-mcpherson-redevelopment-plan-taking-shape/</guid>

					<description><![CDATA[<p>Ambitious plans for the redevelopment of Fort McPherson outside Atlanta are becoming clearer. An application with a state planning agency proposes turning 96 acres of developable land at the Fort McPherson base, or Fort Mac, into a multi-phase project that...</p>
<p>The post <a href="https://vrjproperties.com/fort-mcpherson-redevelopment-plan-taking-shape/">Fort McPherson Redevelopment Plan Taking Shape</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="194e9262-33df-49fe-985a-bbd7bcca7074">Ambitious plans for the redevelopment of Fort McPherson outside Atlanta are becoming clearer. </p>
<p data-beyondwords-marker="d5a01a8b-b6e2-4019-9cd6-d6afee9c74f7">An application with a state planning agency proposes turning 96 acres of developable land at the Fort McPherson base, or Fort Mac, into a multi-phase project that leans heavily into commercial and office space. </p>
<p data-beyondwords-marker="e5b45ba5-3f05-4b47-b987-fed0a78abef4">Urbanize Atlanta reports the project, called TD Jakes—Fort Mac Village One, has plans in its initial phase for 105,000 square feet of commercial space, 84,300 square feet of offices, and about 85,000 square feet for senior living. Another 36,000 square feet would be devoted to food service. </p>
<p data-beyondwords-marker="828d7de3-e0f4-4d82-afa8-b625f3b1de58">Later phases include 900 multifamily dwellings, 200 townhomes, 181 standalone houses, and a 207-room hotel with rental units.</p>
<p data-beyondwords-marker="6cd40bf3-3fdc-45d0-a628-140ae20a932a">The estimated completion date for the first phase is listed as 2028. </p>
<p data-beyondwords-marker="96c53ff1-c32d-4151-a100-67067b6ce05f">The project’s developer is listed as a Dallas-based LLC called <strong>Fort Mac Village One</strong>. </p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/fort-mcpherson-redevelopment-plan-taking-shape/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/fort-mcpherson-redevelopment-plan-taking-shape/">Fort McPherson Redevelopment Plan Taking Shape</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Developers Plan One Of The Largest U.S. Data Center Campuses On 768 Acres In Texas</title>
		<link>https://vrjproperties.com/developers-plan-one-of-the-largest-u-s-data-center-campuses-on-768-acres-in-texas/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 08 Jan 2025 21:55:29 +0000</pubDate>
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		<guid isPermaLink="false">https://vrjproperties.com/developers-plan-one-of-the-largest-u-s-data-center-campuses-on-768-acres-in-texas/</guid>

					<description><![CDATA[<p>Provident Data Centers and American Real Estate Partners&#8217; PowerHouse Data Centers have formed a joint venture to build a data center campus near Dallas slated to be one of the largest such complexes in the United States. Provident and AREP’s PowerHouse Data...</p>
<p>The post <a href="https://vrjproperties.com/developers-plan-one-of-the-largest-u-s-data-center-campuses-on-768-acres-in-texas/">Developers Plan One Of The Largest U.S. Data Center Campuses On 768 Acres In Texas</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p>Provident Data Centers and American Real Estate Partners&#8217; PowerHouse Data Centers have formed a joint venture to build a data center campus near Dallas slated to be one of the largest such complexes in the United States.</p>
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<picture><source srcset="https://cdn.bisnow.net/fit?height=470&amp;type=webp&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=690&amp;sign=YbkHi8RS0JeiDhMwl02yO3nl2OBE8O6rnkTs9VHIReY 1x,&#10;                            https://cdn.bisnow.net/fit?height=940&amp;type=webp&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=1380&amp;sign=8cFxmGU52YiGYZKA6YfHI8UMnBXwS4WUjK_0lpQVfVw 2x" type="image/webp" media="(min-width: 425px)"/><source srcset="https://cdn.bisnow.net/fit?height=470&amp;type=jpeg&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=690&amp;sign=H7wA30FBaVyiPJfy4GIIks4BfblTCKMqERXfRsuDDes 1x,&#10;                            https://cdn.bisnow.net/fit?height=940&amp;type=jpeg&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=1380&amp;sign=y6e3UxAR4k1VU8RvLlEwgZObvyq9OzXLOe333ptIjuQ 2x" media="(min-width: 425px)"/><source srcset="https://cdn.bisnow.net/fit?height=350&amp;type=webp&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=395&amp;sign=289W769F4Eym46Q5t7XYWBKvx-Lgc7wlfA2BtmydEQk 1x,&#10;                            https://cdn.bisnow.net/fit?height=700&amp;type=webp&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=790&amp;sign=0LjFDGw_UFo1NFogDqqYCl9hqSGXDP-hDUJr0dcOVDs 2x" type="image/webp"/><source srcset="https://cdn.bisnow.net/fit?height=350&amp;type=jpeg&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=395&amp;sign=FHRMVTjCTEXfbSQsxKk5f5DLSQquJZa-RZCCJ_M7ELk 1x,&#10;                            https://cdn.bisnow.net/fit?height=700&amp;type=jpeg&amp;url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2020%2F12%2F5fce8de77d315-pexels-panumas-nikhomkhai-1148820.jpeg&amp;width=790&amp;sign=BzaJuAf4kF1GomdsTGoNtngkwBOWPcW-ETkMoTIvVqM 2x"/></picture>
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<p>Provident and AREP’s PowerHouse Data Centers plan to build the hyperscale-focused campus on 768 acres between Dallas and Fort Worth in Grand Prairie, Texas. The multi-phase project will initially leverage about 500 megawatts of committed power, with the potential to scale up to 1.8 gigawatts at full build-out, according to Provident.</p>
<p>Construction on the site — which sits north of Route 67 and close to Google’s data center complex in neighboring Midlothian, Texas — is set to begin in the second quarter of 2025, with power delivery secured for May 2026. While neither party in the joint venture shared their total investment in the project, Provident touted at least $5B in direct construction impact over the course of the multi-year build-out. </p>
<p>The nearly 2 gigawatts of capacity planned for Grand Prairie would place the campus among the largest in both the booming DFW data center market and nationally, even as the data center sector is increasingly dominated by massive projects serving tech giants like Amazon, Microsoft, Google and Meta.  </p>
<p>“We were motivated to form this partnership due to Provident’s extensive experience in large-scale infrastructure and deep Texas roots, combined with PowerHouse’s focus on hyperscale solutions,” Provident Principal Strategist Jack Backes said in an email to <em>Bisnow</em>. “This created a partnership uniquely positioned to deliver a facility that meets the growing needs of global hyperscalers with speed, scalability, and efficiency.”</p>
<p>The JV between Provident and PowerHouse brings together two firms pursuing aggressive growth in the hyperscale data center market.  </p>
<p>Dallas-based Provident’s data center footprint entails 50 buildings in six states, totaling 3.8 gigawatts of power. The firm’s portfolio is centered in Texas, with data centers in operation or being developed in seven cities across the state, <a href="https://www.providentdatacenters.net/portfolio" target="_blank">according to the company’s website</a>. </p>
<p>Development plans include a seven-building data center campus in Burns Harbor, Indiana, which Provident <a href="https://www.datacenterdynamics.com/en/news/provident-realty-proposes-seven-building-campus-in-burns-harbor-indiana/" target="_blank">first proposed in August</a>. But Backes tells <em>Bisnow</em> its latest Texas project previews an upcoming push to expand its presence in the market, targeting the world’s largest tech firms.  </p>
<p>“This project is also part of Provident’s broader vision for hyperscale growth,” Backes said. “Provident is preparing to leverage its 30 years of experience to deliver future developments independently through vertical construction in the data center space.”</p>
<p>PowerHouse’s hyperscale expansion is already well underway. The Virginia-based company says it has 87 buildings and 25.5M SF in planning underway or completed, representing over 5.9 gigawatts of power across 6 U.S. markets. </p>
<p>As with the planned campus in Grand Prairie, PowerHouse’s swollen development pipeline is being executed largely through joint ventures. </p>
<p>The largest of these JVs, announced in August, is a partnership with fellow data center firm Chirisa and asset manager Blue Owl to build a series of data centers anchored by AI cloud provider CoreWeave that could ultimately deploy more than $5B. The JV’s initial buildout is slated for a campus near Richmond, Virginia, that could ultimately exceed a gigawatt of capacity, with further development expected in New Jersey, Pennsylvania, Texas, Kentucky and Nevada. </p>
<p>Less than a month later, PowerHouse <a href="https://www.datacenterdynamics.com/en/news/powerhouse-acquires-120-acres-in-charlotte-north-carolina-for-300mw-campus/" target="_blank">unveiled a separate JV </a>with investment management firm Town Lane. The partnership acquired a 122-acre site in Charlotte, North Carolina, where it plans to offer 300 megawatts of capacity across five buildings by 2027. </p>
<p>An earlier development joint venture between AREP and investment firm Harrison Street formed in late 2021 has also fueled much of PowerHouse’s growth trajectory. This year, the two firms broke ground on both the first phase of an <a href="https://www.datacenterdynamics.com/en/news/powerhouse-plans-800mw-campus-in-virginias-spotsylvania-county/" target="_blank">800-megawatt campus</a> in Spotsylvania County, Virginia, and a <a href="https://www.datacenterdynamics.com/en/news/powerhouse-breaks-ground-on-reno-data-center/" target="_blank">65-megawatt project </a>in Reno, Nevada. The partners <a href="https://www.datacenterdynamics.com/en/news/cyrusone-acquires-leased-data-center-in-ashburn-from-powerhouse/" target="_blank">sold one of their co-developed data centers</a> in Northern Virginia to CyrusOne last month.</p>
<p>The JV with Harrison Street has helped PowerHouse push into the DFW market, <a href="https://www.powerhousedata.com/news/powerhouse-closes-on-irving-las-colinas-site-entering-dallas-fort-worth-market-to-develop-new-state-of-the-art-data-center-campus" target="_blank">launching a 200-megawatt project</a> on 50 acres in Irving, TX last spring.  </p>
<p>Amid a nationwide data center development boom, the DFW metroplex has remained one of the industry’s strongest growth markets. The region trails only Northern Virginia in leased critical IT Power with 776 megawatts, <a href="https://www.marketplace.spglobal.com/en/datasets/451-research-datacenter-knowledgebase-(238)" target="_blank">according to 451 Research</a>. At the end of the second quarter of last year, JLL reported that <a href="https://www.us.jll.com/en/trends-and-insights/research/na-data-center-report" target="_blank">Dallas ranked fourth</a> in capacity planned or under construction with a pipeline exceeding 3000 megawatts. </p>
<p>The data center industry’s growth across Texas has sparked growing concerns about the impact of gigawatt-scale campuses on the stability of the ERCOT power grid and power prices for consumers, with some politicians suggesting pumping the breaks on future development. But Provident’s Backes insists that the company’s project with PowerHouse in Grand Prairie is paired with energy infrastructure investments that, along with collaboration with utilities, will ensure these concerns don’t come to fruition.</p>
<p>“Our development is designed to enhance grid stability rather than strain it,” Backes said. “Provident has spent the past two years working closely with ERCOT and Oncor ensuring that the project not only avoids price increases for consumers but also strengthens grid resilience and reliability.”</p>
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<p><br />
<br /><a href="https://www.bisnow.com/national/news/data-center/provident-powerhouse-partner-on-768-acre-texas-data-center-campus-127465">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/developers-plan-one-of-the-largest-u-s-data-center-campuses-on-768-acres-in-texas/">Developers Plan One Of The Largest U.S. Data Center Campuses On 768 Acres In Texas</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>San Antonio Seeking Partners for Affordable Housing Plan</title>
		<link>https://vrjproperties.com/san-antonio-seeking-partners-for-affordable-housing-plan/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 04 Dec 2024 16:41:15 +0000</pubDate>
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					<description><![CDATA[<p>The San Antonio Housing Trust is looking for a partner to expand its affordable housing program. The plan is to construct three separate communities in the Vida community on the town’s southside with the goal of building 530 units. The...</p>
<p>The post <a href="https://vrjproperties.com/san-antonio-seeking-partners-for-affordable-housing-plan/">San Antonio Seeking Partners for Affordable Housing Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="7e16ed4a-5694-4efb-8147-2a0c81914f29">The <strong>San Antonio Housing Trust </strong>is looking for a partner to expand its affordable housing program. The plan is to construct three separate communities in the Vida community on the town’s southside with the goal of building 530 units. The first phase will feature 90 senior housing units.</p>
<p data-beyondwords-marker="e4d181ba-73c3-4518-b49f-45b5c534db3a">The San Antonio Business Journal reports San Antonio-based architectural firm Lake Flato is handling the master planning phase. No choices have been made for the developer or architect of record. An RFP process will get underway before the first of the new year.</p>
<p data-beyondwords-marker="315da857-df14-4ad3-8b8d-d2d3bbe46e81">20% of senior housing units will be considered affordable, targeting residents making 30% of San Antonio’s area median income. It’s expected to qualify for the 9% housing tax credit program. </p>
<p data-beyondwords-marker="c7ce1d67-04ee-4f35-b11b-ce844cd72f5d">Phase 2 is anticipated to begin in 2026, with the third phase a few years after that.</p>
<p data-beyondwords-marker="601e7abe-847d-415b-9dc0-4b0c56b48eae">The Housing Trust finalized the $3.5 million purchase of the 20-acre site for the project in December 2023, funding it with a $2.2 million loan from Frost Bank and approximately $1.3 million in equity.</p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/san-antonio-seeking-partners-for-affordable-housing-plan/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/san-antonio-seeking-partners-for-affordable-housing-plan/">San Antonio Seeking Partners for Affordable Housing Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>TSMC-Area Master Plan Taking Shape</title>
		<link>https://vrjproperties.com/tsmc-area-master-plan-taking-shape/</link>
		
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		<pubDate>Mon, 28 Oct 2024 18:29:20 +0000</pubDate>
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		<guid isPermaLink="false">https://vrjproperties.com/tsmc-area-master-plan-taking-shape/</guid>

					<description><![CDATA[<p>Amid much fanfare, Mack Real Estate and McCourt Partners were the successful bidders on an Arizona State Land auction parcel not far from the $65 billion Taiwan Semiconductor Manufacturing Co. plant. Now, the two companies are starting to firm up...</p>
<p>The post <a href="https://vrjproperties.com/tsmc-area-master-plan-taking-shape/">TSMC-Area Master Plan Taking Shape</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="12aba3a1-556e-41f5-a2d3-ba24fdc27bde">Amid much fanfare, <strong>Mack Real Estate</strong> and McCourt Partners were the successful bidders on an Arizona State Land auction parcel not far from the $65 billion Taiwan Semiconductor Manufacturing Co. plant. Now, the two companies are starting to firm up their plans for the sprawling 2,300-acre mixed-use project near the plant. </p>
<p data-beyondwords-marker="4cf012fb-8c91-4165-a135-13c1a6c5a4be">The team paid $56 million for the land, which will include multiple uses and, when built out, have a value of $7 billion. Mack Real Estate will be the developer, and McCourt Partners will finance the project.</p>
<p data-beyondwords-marker="31ff5032-45a5-4c87-8a37-0ef17f871030">Halo Vista, as it&#8217;s been dubbed, is expected to include an estimated 30 million square feet of commercial building space across a wide array of uses and districts such as industrial, education, retail, hospitality, entertainment and up to 9,000 residential units at full buildout.</p>
<p data-beyondwords-marker="273863bb-a937-4690-8ce8-4d9b4fac02ff">TSMC&#8217;s commitment to Phoenix is considered one of the largest foreign direct investments in the United States. </p>
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<p>The post TSMC-Area Master Plan Taking Shape appeared first on Connect CRE.</p>
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<br /><a href="https://www.connectcre.com/stories/tsmc-area-master-plan-taking-shape/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/tsmc-area-master-plan-taking-shape/">TSMC-Area Master Plan Taking Shape</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Dartmouth College Embarks on $500M Housing Plan</title>
		<link>https://vrjproperties.com/dartmouth-college-embarks-on-500m-housing-plan/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 18 Sep 2024 20:31:35 +0000</pubDate>
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					<description><![CDATA[<p>Dartmouth College has launched a $500-million program to invest in new and renewed undergraduate housing, representing the Ivy League school’s largest campus housing investment in a generation. College president Sian Leah Beilock has pledged to add a combined 1,000 beds...</p>
<p>The post <a href="https://vrjproperties.com/dartmouth-college-embarks-on-500m-housing-plan/">Dartmouth College Embarks on $500M Housing Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="c7a9a2f8-9940-434a-8e42-b72f85a6543d">Dartmouth College has launched a $500-million program to invest in new and renewed undergraduate housing, representing the Ivy League school’s largest campus housing investment in a generation. College president Sian Leah Beilock has pledged to add a combined 1,000 beds for students, faculty and staff over the next 10 years. </p>
<p data-beyondwords-marker="3b75909f-b435-4481-a081-3671ebbd8a6e">The Hanover, NH college has received the largest gift for undergraduate housing in its history, $30 million from alumni Thomas A. Russo ’77 and Gina T. Russo ’77. The apartment-style residence hall for juniors and seniors being built at 25 W. Wheelock St. will be named Russo Hall in their honor. </p>
<p data-beyondwords-marker="26487173-b484-465a-a93a-f75955d92f75">Russo Hall is the first of several planned apartment-style residence halls on West Wheelock Street, near the central campus and the West End campus district. The Russo’ contribution launches a $165-million fundraising campaign to help fund the construction of Dartmouth’s first new undergraduate residences in more than 20 years.</p>
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<br /><a href="https://www.connectcre.com/stories/dartmouth-college-embarks-on-500m-housing-plan/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/dartmouth-college-embarks-on-500m-housing-plan/">Dartmouth College Embarks on $500M Housing Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Boston University&#8217;s Real Estate Plan Earns City Approval</title>
		<link>https://vrjproperties.com/boston-universitys-real-estate-plan-earns-city-approval/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 13 Sep 2024 21:08:08 +0000</pubDate>
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		<guid isPermaLink="false">https://vrjproperties.com/boston-universitys-real-estate-plan-earns-city-approval/</guid>

					<description><![CDATA[<p>The Boston Planning and Development Agency’s board has approved Boston University’s real estate plan for its Charles River campus through 2026, reported the Boston Business Journal. The plan includes major renovations to Warren Towers and Mugar Memorial Library and a new...</p>
<p>The post <a href="https://vrjproperties.com/boston-universitys-real-estate-plan-earns-city-approval/">Boston University&#8217;s Real Estate Plan Earns City Approval</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="eb25001c-7d05-4584-965f-2e32cb0a94e3">The Boston Planning and Development Agency’s board has approved Boston University’s real estate plan for its Charles River campus through 2026, reported the <em>Boston Business Journal</em>. The plan includes major renovations to Warren Towers and Mugar Memorial Library and a new school of global studies.</p>
<p data-beyondwords-marker="f482a295-896b-4a1f-b344-59a6967be0ab">The changes to Warren Towers, BU’s signature dormitories, include improved bathrooms and HVAC systems and repairs to the building envelope. The board also okayed a large lab complex on Wentworth Institute of Technology property a month after tabling the proposal, along with two office-to-housing conversions and Jones Street Investment Partners’ 236-unit apartment building behind the convention center in South Boston.  </p>
<p data-beyondwords-marker="722ed5dd-b764-48d8-afe6-ce2643fe4ec2">The BU approval is for the school’s institutional master plan, the <em>Business Journal</em> <strong><a href="https://www.bizjournals.com/boston/news/2024/09/13/bu-warren-towers-bpda-boston-planning.html" target="_blank" rel="noreferrer noopener">reported</a></strong>. The plans typically cover 10 years, but the university sought a stopgap version in order to give new BU President Mellisa Gilliam time to help determine her vision for the campus.</p>
</div>
<p><br />
<br /><a href="https://www.connectcre.com/stories/boston-universitys-real-estate-plan-earns-city-approval/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/boston-universitys-real-estate-plan-earns-city-approval/">Boston University&#8217;s Real Estate Plan Earns City Approval</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Metro Okays St. Regis Nashville Concept Plan</title>
		<link>https://vrjproperties.com/metro-okays-st-regis-nashville-concept-plan/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 19 Jul 2024 15:20:54 +0000</pubDate>
				<category><![CDATA[Hospitality]]></category>
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		<guid isPermaLink="false">https://vrjproperties.com/metro-okays-st-regis-nashville-concept-plan/</guid>

					<description><![CDATA[<p>Turnberry is a step closer to breaking ground on The St. Regis Nashville and The Residences at The St. Regis Nashville. The Metro planning agency voted to approve a concept plan for the project, which would be 46 stories tall....</p>
<p>The post <a href="https://vrjproperties.com/metro-okays-st-regis-nashville-concept-plan/">Metro Okays St. Regis Nashville Concept Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="da9487b8-fe47-4212-8154-38804a56e0b6"><strong>Turnberry</strong> is a step closer to breaking ground on The St. Regis Nashville and The Residences at The St. Regis Nashville. The Metro planning agency voted to approve a concept plan for the project, which would be 46 stories tall. The building, which is set to be one of Nashville’s tallest, is expected to break ground in 2025. At 805 Demonbreun Street, it’s planned to consist of 179 hotel rooms, 40 furnished residences and 141 condo units.</p>
<p data-beyondwords-marker="9b5c580f-faad-48a6-84d8-8d05766dacf1">The development will have a fine-dining restaurant, a lobby bar, a three-meal restaurant, a full-service spa and two amenity decks—one for hotel guests and one for residents. The tower will feature around 25,000 square feet of retail space and a 230-space parking garage.</p>
<p data-beyondwords-marker="7ee4d2a5-8049-4db7-9aba-9b311460f743">The hotel is adjacent to the $250 million JW Marriott Nashville, which was also developed, owned and operated by Turnberry and opened in 2018.</p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/metro-okays-st-regis-nashville-concept-plan/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/metro-okays-st-regis-nashville-concept-plan/">Metro Okays St. Regis Nashville Concept Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>California Forever Plan Qualifies for November Ballot in Solano County</title>
		<link>https://vrjproperties.com/california-forever-plan-qualifies-for-november-ballot-in-solano-county/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 12 Jun 2024 19:03:58 +0000</pubDate>
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		<category><![CDATA[Ballot]]></category>
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		<guid isPermaLink="false">https://vrjproperties.com/california-forever-plan-qualifies-for-november-ballot-in-solano-county/</guid>

					<description><![CDATA[<p>The California Forever plan to construct a new city in eastern Solano County, northeast of the San Francisco Bay Area, has qualified for inclusion on the November ballot, according to published reports. Known as the Homes, Jobs and Clean Energy...</p>
<p>The post <a href="https://vrjproperties.com/california-forever-plan-qualifies-for-november-ballot-in-solano-county/">California Forever Plan Qualifies for November Ballot in Solano County</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="5920bae2-5117-4c44-929c-219ca3ba5929">The California Forever plan to construct a new city in eastern Solano County, northeast of the San Francisco Bay Area, has qualified for inclusion on the November ballot, according to published reports. Known as the Homes, Jobs and Clean Energy Initiative, the measure asks Solano County voters to approve zoning for a city of up to 400,000 people, which its backers call the “East Solano Plan.” </p>
<p data-beyondwords-marker="7e02e8b2-b061-4365-a07d-df3246a1c809">The San Francisco <em>Standard</em> <strong><a href="https://sfstandard.com/2024/06/11/california-forever-solano-county-city-qualifies-ballot/" target="_blank" rel="noreferrer noopener">reported</a></strong> that the county Board of Supervisors will consider formally placing the initiative on the ballot at its June 25 meeting. It could also instead order a report to assess the plan’s impacts before putting it on the ballot. </p>
<p data-beyondwords-marker="38686a97-6ad6-4f61-b66f-0b23d82bbd72">California Forever’s investors, who include Andreessen Horowitz cofounder Marc Andreessen, began releasing a list of benefits from the proposed project earlier this year, <strong><a href="https://www.latimes.com/california/story/2024-06-11/billionaire-backed-plan-to-erect-california-city-qualifies-for-ballot" target="_blank" rel="noreferrer noopener">reported</a></strong> the <em>Los Angeles Times</em>. Among them are a pledge to create at least 15,000 jobs and $500 million to assist with down payments for housing, scholarships and other benefits for residents. </p>
<p data-beyondwords-marker="4f17df61-b412-41d9-8a04-a4ce7f54e87b"><em>Rendering courtesy of California Forever.</em></p>
</div>
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<br /><a href="https://www.connectcre.com/stories/california-forever-plan-qualifies-for-november-ballot-in-solano-county/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/california-forever-plan-qualifies-for-november-ballot-in-solano-county/">California Forever Plan Qualifies for November Ballot in Solano County</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>DeKalb Co Greenlights Transit Mixed-Use Plan</title>
		<link>https://vrjproperties.com/dekalb-co-greenlights-transit-mixed-use-plan/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Tue, 04 Jun 2024 15:15:22 +0000</pubDate>
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		<guid isPermaLink="false">https://vrjproperties.com/dekalb-co-greenlights-transit-mixed-use-plan/</guid>

					<description><![CDATA[<p>The DeKalb County Board of Commissioners rezoned land surrounding the Indian Creek station, the final stop on the Blue Line located off Durham Road and adjacent to Interstate 285. The approval will allow for a dense makeover of the 64-acre...</p>
<p>The post <a href="https://vrjproperties.com/dekalb-co-greenlights-transit-mixed-use-plan/">DeKalb Co Greenlights Transit Mixed-Use Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="423b073a-d69d-4c39-892a-dcabbcf1eabf">The DeKalb County Board of Commissioners rezoned land surrounding the<strong> Indian Creek</strong> station, the final stop on the Blue Line located off Durham Road and adjacent to Interstate 285. The approval will allow for a dense makeover of the 64-acre site.</p>
<p data-beyondwords-marker="00e2c5d3-06dc-4fbe-91a3-bbf7e922906a">The Indian Creek plan includes a 20,000-square-foot grocery store, 20,000-square-foot community center, 1,600 apartments, 300,000 square feet of office space, 2,500 square feet of food and beverage space, 4 acres of parks and green space and a 45,000-square-foot bus transfer facility. </p>
<p data-beyondwords-marker="4563916a-6e70-4424-8f06-3af4db1ff66d">The proposal is part of MARTA’s broader strategy to boost ridership by placing people on the doorstep to transit. The agency tends to provide land to developers through ground leases, supplying MARTA with an additional revenue source and allowing it to retain control over what takes shape around its stations.</p>
<p data-beyondwords-marker="dc4f26b8-5847-4f68-a08f-c9366e137f58">MARTA plans to issue a request for proposals later this year to identify a development partner for the first phase of the project. </p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/dekalb-co-greenlights-transit-mixed-use-plan/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/dekalb-co-greenlights-transit-mixed-use-plan/">DeKalb Co Greenlights Transit Mixed-Use Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Phoenix Okays Expansive Gila Foothills Plan</title>
		<link>https://vrjproperties.com/phoenix-okays-expansive-gila-foothills-plan/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 29 May 2024 17:05:40 +0000</pubDate>
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					<description><![CDATA[<p>The Phoenix City Council has approved a zoning proposal allowing a nearly 300-acre master-planned development southwest of Phoenix, called Gila Foothills. It would span a stretch of agricultural land along Loop 202 just north of South Mountain. The plan would...</p>
<p>The post <a href="https://vrjproperties.com/phoenix-okays-expansive-gila-foothills-plan/">Phoenix Okays Expansive Gila Foothills Plan</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="5e76a336-4dd6-4923-b7ed-ef105e19dacc">The Phoenix City Council has approved a zoning proposal allowing a nearly 300-acre master-planned development southwest of Phoenix, called<strong> Gila Foothills</strong>. It would span a stretch of agricultural land along Loop 202 just north of South Mountain. The plan would include a 50-acre resort, a hospital and housing at Laveen Village of Phoenix.</p>
<p data-beyondwords-marker="ba0db6ff-3010-41d9-aee9-276e5efe1c10">The Phoenix Business Journal reports that the plan specifically calls for 1,200 housing units, but to exceed that amount, the developer must bring a Level 1 trauma hospital, restaurants and retail, senior housing and townhomes. These amenities and services would allow for an additional 1,000 units to be developed on-site, previously zoned to allow for nearly 3,200 residential units.</p>
<p data-beyondwords-marker="f158f2f0-8f9a-4370-b751-0e6208fc1c1f">The project team includes Enterprise Capital, Gila and Salt River Development LLC, Butler Housing Co., Davis, Kimley-Horn and Berry Riddell LLC.</p>
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<br /><a href="https://www.connectcre.com/stories/phoenix-okays-expansive-gila-foothills-plan/">Source link </a></p>
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