
Joint Venture Breaks Ground on Plaza Midwood Development
The joint venture of Crosland Southeast and Nuveen Real Estate has broken ground on Commonwealth, the Plaza Midwood development bringing office, retail, hospitality, and apartments to the 12-acre site at the corner of Pecan and Central avenues.
The developers acquired the site for $50 million in November 2020. The property includes two vintage buildings that were once home to a Cole Manufacturing facility. Balconies on the new buildings will overlook the historic structures, and a road being constructed on the site to make the area a walkable neighborhood will also highlight the 100-plus-year-old buildings.
When itβs completed, the project will include a 383-unit apartment community and 150,000 square feet of office space. It will offer micro-retail opportunities, showcase murals created by local artists and it will also feature green wall installations.
- ◦Development