Development

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DevelopmentEntertainmentGeorgiaMixed-useNews

Park Bench to Open Music Venue at $5 Billion Centennial Yards Development in Atlanta

by Abby Cox

Atlanta — Live music and dueling piano bar Park Bench will open a new venue at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. The new location will be situated within the development’s 7.5-acre “Entertainment District,” which includes a 5,300-seat Live Nation venue, an interactive Cosm attraction that opened this summer and a Virgin Hotel. Park Bench’s newest location will sit between and adjacent to Mercedes-Benz Stadium and State Farm Arena. CIM Group and its affiliate firm Centennial Yards Co. are the master developers behind the project, which is transforming a 50-acre site …

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DevelopmentMichiganNebraskaNews

The Learning Experience to Open 12 New Locations Totaling 120,000 Square Feet in Michigan, Nebraska

by Abby Cox

Deerfield Beach, Fla. — Deerfield Beach-based The Learning Experience is set to open 12 new locations over the next three years totaling 120,000 square feet in Michigan and Nebraska. Each center will include up to 10,000 square feet of indoor building space and a 5,000-square-foot playground. Eight locations are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience is owned by private equity group Harvest Partners …

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DevelopmentFloridaGrocery-anchoredNews

Walmart to Anchor 40-Acre Retail Development in Metro Orlando

by Abby Cox

St. Cloud, Fla. — Walmart plans to anchor a new 40-acre retail development underway in St. Cloud, situated roughly 26 miles southeast of Orlando. The property will include a 187,000-square-foot Walmart Supercenter, a Walmart convenience store and gas station and seven to 10 outparcels. The master developer of the project is The Ferber Co. The Ponte Vedra, Florida-based company is currently underway on site work and underground utility installation at the site. First tenants are expected to open by early 2028. The project team includes Hanson, Walter and Associates Inc., Traffic …

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Scott Ellsworth Phoenix SRS Retail Real Estate Services
ArizonaCaliforniaContent PartnersDevelopmentFeaturesFinanceIndustry ContentLeasing

Retail Activity in Western States Focused on High-Growth Submarkets

by Sarah Daniels

Western U.S. retail markets continue to witness flourishing leasing and investment activity.  As in other parts of the country, the primary challenge for retailers and investors alike is finding supply to meet the demand, say SRS Real Estate Partners experts Scott Ellsworth and Gary Chou. In Arizona, Taiwan Semiconductor Manufacturing Company’s $265 billion investment to build six fabrication plants along with packaging and research and development facilities in the Phoenix market is driving economic activity and contributing to population growth. It also has effectively added a sixth “c” – chips …

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CaliforniaDevelopmentNews

Simon Launches Multi-Million-Dollar Renovation of The Outlets at Orange in Metro Los Angeles

by Abby Cox

Orange, Calif. — Simon has launched a multi-million-dollar renovation of The Outlets at Orange, an 898,000-square-foot open-air shopping center located in Orange, approximately 30 miles northwest of Los Angeles. The revitalization is scheduled to begin this fall, with the majority of the project expected to be completed by 2027. The center will remain open throughout the renovation process. The project aims to bring a fresh, modern look to the shopping center, which will include updated flooring, new seating areas, enhanced landscaping, refreshed signage, added shade structures and updated lighting, as well …

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DevelopmentMixed-useNewsTexas

Stillwater Capital Announces Progress on $750 Million Haggard Farm Mixed-Use Development in Plano, Texas

by Abby Cox

Plano, Texas — Dallas-based Stillwater Capital is making significant progress on Haggard Farm, a 142-acre mixed-use district located in the Dallas suburb of Plano. Construction began on the initial phase of the planned $750 million campus in December 2023. Stillwater Capital has surpassed $300 million in investment of Haggard Farm’s first phase, which will feature a 180,000-square-foot retail village, a 350-unit apartment community called The Bowen, 188 luxury townhomes, hike-and-bike trails and a 3-acre neighborhood park. The Haggard Farm project is transforming a site at the intersection of Spring Creek Parkway …

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DevelopmentNewsRestaurants

QDOBA Signs 17-Unit Development Agreement For San Diego County

by Abby Cox

San Diego — QDOBA Mexican Eats has signed a new development agreement for 17 restaurants across San Diego County in California. The agreement is led by Hyperion Brands LLC, a San Diego based multi-unit operator. QDOBA and its franchise partners currently operate approximately 875 restaurants, with plans to double the brand’s footprint to approximately 2,000 restaurants and open 100 restaurants annually in the years ahead. The fast-casual brand has a presence in 46 U.S. states, as well as in Canada, Puerto Rico, Japan and South Korea.

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DevelopmentFinanceFloridaMixed-useNews

Pebb Capital Receives $223 Million for Refinancing of Sundy Village in Delray Beach, Florida

by Abby Cox

Delray Beach, Fla. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a planned 7-acre mixed-use campus under development in downtown Delray Beach, located between Fort Lauderdale and West Palm Beach. The first phase of the project delivered 100,000 square feet of office space, 30,000 square feet of retail and dining, landscaped courtyards, indoor-outdoor gathering spaces, as well as 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. The second phase will add a …

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DevelopmentEntertainmentNewsTexas

High 5 Exchange Breaks Ground on Entertainment Venue in Metro Dallas, Texas

by Abby Cox

Allen, Texas — High 5 Exchange has broken ground on a new family entertainment destination located within the master-planned development of The Farm in Allen, roughly 30 miles north of Dallas. The venue will feature 24 bowling lanes, laser tag, a virtual reality arena, an arcade gaming floor, escape rooms, Creative Works’ new Limitless VR immersive experience and outdoor miniature golf. High 5 Allen will also accommodate birthday celebrations, corporate gatherings and private events, supported by dedicated event spaces and food and beverage service. The project is anticipated to debut in …

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ArizonaDevelopmentMixed-useNews

Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use Project

by Abby Cox

Mesa, Ariz. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that features multifamily housing and a new retail center. The retail portion of the site is planned to comprise an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses, as well as a 2,360-square-foot free-standing Chipotle with a drive thru. The multifamily portion will include 261 apartments across nine three-story buildings. Evergreen plans to break ground on the project in the first quarter of 2027, with lease-up beginning in the …

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