News

Work begins again on 1600 Smallman after fire

October 15, 2019

Luke Torrance | Pittsburgh Business Times

In Monday's announcement, the company confirmed that the project was still on schedule to meet that goal and said that construction had started up only a few days after the fire. In his comments last month, McCaffery said he was optimistic the building would be okay because it was strong brick and steel structure. He also praised the fire department for responding to the scene quickly and minimizing damage. The fire started at 4:30 a.m. and was contained within three hours.

1600 Smallman Fire Aftermath: Intact and On-Track

October 14, 2019

McCaffery

McCaffery is pleased to announce that following the fire incident on September 30th, 1600 Smallman has been inspected and construction at the office/retail development has resumed. The building remains on track to deliver to tenants in Spring 2020.

Personalities of Pittsburgh: McCaffery Interests' Pamela Austin

September 9, 2019

Tim Schooley | Pittsburgh Business Times

Pamela Austin is overseeing two pivotal redevelopments for the Strip District valued at $100 million, the Strip District Terminal and 1600 Smallman. How her life and career brought her to this point follows a somewhat unlikely trajectory that starts in rural southern Illinois where she was the first person in her family to go to college, to Chicago, where she met her current boss, Dan McCaffery.

McCaffery, Hines and Ivanhoé Cambridge Release New Images of T3 RiNo

September 4, 2019

McCaffery, Hines and Ivanhoé Cambridge released new renderings of T3 RiNo, at 3500 Blake Street, located in Denver’s burgeoning River North Neighborhood. The property is being developed into a six-story, 250,000-square-foot T3 (Timber, Transit and Technology) office building, which will be one of the most environmentally friendly and sustainable developments in Denver.

This Week's Chicago Deal Sheet

September 3, 2019

Brian Rogal | Bisnow Chicago

This fall, Dearborn Denim & Apparel will open a 668 SF storefront at 2342 North Lincoln Ave., and Blowout Junkie will take a 652 SF space at 2340 North Lincoln Ave. Pharmaca will occupy a 2K SF storefront at 2311 North Lincoln Ave., and next spring, Verve Wine, a New York-based retail shop, will open a 4K SF wine bar at 2349 North Lincoln Ave.

Developer McCaffery Enters Senior Housing with New Solera Venture

August 28, 2019

Chuck Sudo | Senior Housing News

A prominent name in real estate development is creating its first senior living projects, partnering with Solera Senior Living on a pipeline in the mid-Atlantic region of the U.S. The Denver-based senior living operator is partnering with Chicago-based McCaffery Interests on Modena Reserve at Kensington, a 135-unit community with independent living, assisted living and memory care in Kensington, Maryland. The $75 million, 167,000-square-foot development is the largest project in Kensington in 40 years and marks McCaffery’s entry into the senior living space.

Four Retailers Join Tenant Lineup at Lincoln Common in Chicago

August 23, 2019

Kristin Hiller | ReBusiness Online

Hines and McCaffery are the developers for Lincoln Common, which will include 100,000 square feet of retail space, 538 luxury apartment units, 40 condominiums, a five-story boutique office building, 156-room senior living community and more than an acre of open space. Previously signed tenants include Equinox, Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day and Kohler Waters Spa.

Kensington’s biggest development in 40 years: A senior living community

August 22, 2019

Jeff Clabaugh | WTOP

McCaffery has partnered with AEW Capital Management to form a joint venture for “Modena Reserve at Kensington,” a 167,000-square-foot senior living community that is expected to be completed by early 2021. “This is the largest project the town has had in over 40 years,” said Kensington Mayor Tracey Furman, who has been an advocate for the project.

Developers Secure Financing To Break Ground On $75M Senior Living Project In Montgomery County

August 22, 2019

Jon Banister | Bisnow Washington D.C.

McCaffery and Solera Senior Living announced Thursday they established a partnership with AEW Capital Management and secured a construction loan from M&T Bank to break ground on the 135-unit Modena Reserve at Kensington. The $75M project is expected to break ground this month on a 2-acre site at the intersection of Metropolitan Avenue and St. Paul Street and deliver in early 2021. The 167K SF building is planned to include a 10K SF courtyard, multiple restaurants, a wine bar, a café, a penthouse lounge and a fitness center.

McCaffery and Solera Senior Living to Develop $75M Project in Kensington, Maryland

August 21, 2019

The two-acre site, located at the intersection of Metropolitan Avenue and St. Paul Street, will offer 135 upscale senior living apartments and a café. The project will implement the latest sustainable design and construction practices and will target LEED® Certified designation. “This is the largest project the town has had in over 40 years,” says Mayor Tracey Furman. Mayor Furman has been an advocate for the project since the proposal and is particularly pleased with the development’s inclusion of two Kensington historic buildings.

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