Development

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DevelopmentGrocery-anchoredMixed-useNews

Retail Component of Rise Koreatown Mixed-Use Development in Los Angeles Nears Completion

by Abby Cox

Los Angeles — Nadel Architects has announced that the retail component of Rise Koreatown, a seven-story mixed-use development in Los Angeles’ Koreatown neighborhood, is nearing completion. The project will introduce more than 52,000 square feet of ground-floor retail space, which will be anchored by a 30,000-square-foot Zion Market, an American supermarket chain that specializes in Korean and Asian foods. The retail component of Rise Koreatown is expected to open later this year. Developed by Rescore Property Corp., the broader project includes over 350 residential units. Nadel’s design team drew inspiration from …

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DevelopmentNew MexicoNews

SimonCRE Acquires 38 Acres to Develop 363,000-Square-Foot Retail Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — SimonCRE has acquired approximately 38 acres of land to develop Lobo Crossing, a 363,000-square-foot, open-air center located on the University of New Mexico’s south campus in Albuquerque. Lobo Crossing is set to be the largest retail center developed in New Mexico in recent decades, according to the company. Target will anchor Lobo Crossing, which will feature 11 junior anchors and 45,000 square feet of space for small retail and restaurant operators. Committed tenants include Burlington, Marshalls, HomeGoods, Sierra, Boot Barn, Five Below and Michaels. Seven additional retailers are …

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CaliforniaDevelopmentNewsRestaurants

Marcos’s Pizza Signs 12-Unit Franchise Agreement in Southern California

by Abby Cox

Toledo, Ohio — Toledo, Ohio-based Marco’s Pizza has signed a franchise agreement to develop 12 new restaurants in Southern California. The restaurants will be owned and operated by Baljit Gill. Today, there are three Marco’s Pizza locations open in Upland, Fontana and Hesperia, with two additional stores under development in Yucaipa and Highland, which are scheduled to debut in early April. The remaining units are currently in the site selection process. Marco’s Pizza operates more than 1,200 stores across 35 states with locations in Puerto Rico, the Bahamas and Mexico. 

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DevelopmentMixed-useNewsTexas

NewQuest Breaks Ground on Junior Retail Component at $400 Million Texas Heritage Marketplace in Metro Houston

by Abby Cox

Katy, Texas — NewQuest, a local commercial real estate development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center …

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DevelopmentNewsRestaurantsTexas

Huey Magoo’s Signs 15-Unit Franchise Agreement in Texas

by Abby Cox

Texas — Fast-casual chicken tender chain Huey Magoo’s has signed a franchise agreement to develop 15 new restaurants in Texas. The restaurants will be owned and operated by Muhammad Ali Akbar and Jason Gilbert of SMR Capital. Huey Magoo’s newest locations will span multiple counties in Texas including Brazoria, Chambers, Fort Bend, Galveston and Montgomery. In 2025, the brand introduced a condensed 1,500-square-foot prototype that reduces buildout costs and speeds development, and also launched its Magoo’s Rewards loyalty program. Huey Magoo’s is currently on track to reach 100 locations in 2026, …

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DevelopmentMarylandNews

Matan Cos. Breaks Ground on 10,175-Square-Foot Retail Strip Center in Metro Washington, D.C.

by Abby Cox

Gaithersburg, Md. — Matan Cos. has broken ground on a 10,175-square-foot retail strip center in Gaithersburg, approximately 15 miles northwest of Washington, D.C. Situated on a 1-acre parcel at 715 Progress Way, the new retail center is part of a larger commercial development that includes nearby Chick-fil-A and Sheetz locations. Positioned behind the retail development are two 198,000-square-foot office and industrial buildings, also developed by Matan Cos., which are currently fully leased. Tenants include AstraZeneca, Montgomery County Public Schools (MCPS) and Daikin Comfort Technologies Distribution Inc. In addition to the new …

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DevelopmentEntertainmentNew JerseyNews

Ace Pickleball Opens 26,500-Square-Foot Athletic Facility in North Brunswick, New Jersey

by Abby Cox

North Brunswick, N.J. — Ace Pickleball Club has opened a 26,500-square-foot athletic facility in North Brunswick, about 40 miles southwest of Manhattan. Located within the 288,000-square-foot Brunswick Shopping Center, the club will offer flexible, all-inclusive membership options for players, along with the opportunity to host private events and corporate outings. Fred Younkin of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Marta Villa of CBRE represented Ace Pickleball.

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live-music-venue-missouri
DevelopmentEntertainmentMissouriNews

Kansas City Symphony to Develop New Venue in South Plaza District

by Abby Cox

Kansas City, Mo. — The Kansas City Symphony has unveiled plans to develop a new live music venue in the city’s South Plaza district. The indoor venue, designed for audiences of up to 4,600 guests and targeted to open in 2028, will host touring artists and support a limited number of Symphony performances that benefit from amplified or enhanced production formats. The project will also be designed to support the screening of films with live orchestra. Located at 4901 Main St., the venue will be walkable to the Country Club …

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ArizonaDevelopmentNews

Salt River Pima-Maricopa Indian Community, Mullin 306 Receive Approval for Costco Development in Metro Phoenix

by Abby Cox

Scottsdale, Ariz. — Salt River Pima-Maricopa Indian Community (SRPMIC) and Scottsdale-based Mullin 360 have received approval to develop a Costco at 4499 N. Pima Road in the Phoenix suburb of Scottsdale. The project will be the first-ever Costco store on tribal land in the United States. Spanning 21.5 acres, the project will include a 162,000-square-foot retail building and approximately 994 parking stalls. The store will include an expanded ready-to-eat section with a wide selection of grab-and-go meals, as well as a food court. A formal groundbreaking will be planned for June …

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DevelopmentMissouriNews

SimonCRE Purchases 28 Acres to Develop 316,000-Square-Foot Farmington Crossings Retail Center in Southeast Missouri

by Abby Cox

Farmington, Mo. — SimonCRE has purchased roughly 28 acres of land to develop Farmington Crossings, a 316,064-square-foot open-air center located in Farmington, approximately 75 miles southwest of St. Louis. Situated at the gateway to St. Joe State Park, Farmington Crossings will include a 129,000-square-foot national big box retailer, which will be disclosed at a later date, as well as a 55,000-square-foot Academy Sports store. The developer has also secured a lease with Burlington, which is set to join a range of national soft goods retailers ranging in size from 22,000 …

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