BLDUP

Boston: A new development deal is taking shape in Melrose.
The development site at 14 Chimpan Ave. has been acquired for $2.4 million, with $12 million in financing secured to move the project forward.
Read the full story on BLDUP: https://bit.ly/4ydtrCK

Chicago: Financing is in place for the office-to-residential conversion at 500 North Michigan Avenue in Chicago, with construction already underway on the Magnificent Mile project.

The redevelopment will transform the existing office property into residential space, adding another major adaptive reuse project to Chicago’s evolving downtown development pipeline.

Read the full story on BLDUP: https://hubs.ly/Q04y4wRJ0

What happens when art becomes part of the real estate strategy — not just an amenity?

In our latest BLDUP Spotlight, we take a look at Wynwood Editions and the growing role art is playing in commercial real estate. From creating distinctive environments to shaping identity, experience, and tenant appeal, art is increasingly becoming part of how commercial spaces are designed and positioned.

Read the full BLDUP Spotlight: https://hubs.ly/Q04y4sjR0

DC: Another residential development is moving forward in Arlington, VA.
The Arlington County Board has approved plans for an 88-unit condominium development on Langston Boulevard, adding new housing to one of the region’s active development corridors.
The approval marks another step forward for residential growth in Arlington as developers continue to bring new projects through the local approval process.
Read the full story on BLDUP: https://bit.ly/4h8dLKR

Boston: A proposed zoning change could reshape the next phase of Tech Square in Cambridge.
Alexandria Real Estate Equities is seeking to transfer 250,000 SF of development capacity to the Industry B zoning district in exchange for converting the existing brick-and-beam building at 161 First Street into affordable housing.
Read the full story on BLDUP: https://bit.ly/4rmOyQc

FL: The Tampa City Council has cleared the way for the redevelopment of the former Army/Navy site into a transformative mixed-use community featuring 1,150 residential units, including a significant mix of affordable and workforce housing. The project represents a major investment in downtown Tampa, bringing new housing, retail, and public amenities to a long-underutilized site while supporting the city's continued growth.
Read more on BLDUP: https://bit.ly/4pWHIjD

Boston: Site preparation has officially begun for the Walkling Court affordable housing redevelopment in Medford. The project will replace the existing aging public housing community with 238 modern, energy-efficient affordable homes, providing improved living spaces for seniors, families, and residents with disabilities while ensuring current residents can return once construction is complete.

Read more: https://hubs.ly/Q04rTkn_0

NJ: A major mixed-use development at 597 Marin Boulevard in Jersey City is moving forward after receiving Planning Board approval.

The 17-story project will bring 344 apartments—including 57 affordable homes—along with a 371-room hotel and more than 4,200 square feet of ground-floor retail, further adding to the continued transformation of Jersey City's fast-growing waterfront district.

Read more on BLDUP: https://bit.ly/4hf0II4

Chicago: DePaul University has pulled a permit for its new Welcome Center, transforming a former Whole Foods space into a modern hub for prospective students and visitors. The project represents another investment in the university's Lincoln Park campus, creating a dedicated gateway designed to enhance the student recruitment and campus tour experience.

Read more: https://hubs.ly/Q04rTBrz0

DC: The Montgomery County Planning Board has advanced plans for Friendship Commons, a major mixed-use redevelopment that would transform the former GEICO campus in Friendship Heights. The proposal includes up to 486,000 square feet of residential development, featuring as many as 356 multifamily units and 180 townhomes, with 17.5% of the homes designated as Moderately Priced Dwelling Units (MPDUs). If approved, the project would bring hundreds of new homes to one of the county's most transit-accessible communities while reimagining a long-underutilized site.
Read more on BLDUP: https://bit.ly/4bwWacp