Development

5546 Broadway
DevelopmentInvestment salesNew YorkNews

OakNorth Provides $7.1 Million Loan for Acquisition, Redevelopment of Retail Property in the Bronx

by Abby Cox

New York City — OakNorth, a digital commercial bank and financial technology company, has provided a $7.1 million loan for the acquisition of 5546 Broadway, a 10,000-square-foot retail property located within the Marble Hill/Kingsbridge neighborhood of The Bronx. The property has roughly 200 feet of frontage on Broadway and at the main entrance to the 114,000-square-foot Broadway Plaza Mall. The buyers, Crown Acquisitions and KSR Capital, will use the loan to redevelop the property, support tenant improvements and fund leasing costs.

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DevelopmentInvestment salesNewsTexas

CenterPoint Acquires 12 Acres in Metro Dallas, Plans Retail Development

by Abby Cox

Waxahachie, Texas — CenterPoint Commercial Properties has acquired 12 acres in Waxahachie, roughly 30 miles south of Dallas, with plans to develop the Village at Soma Creek. The project forms a portion of a 22-acre retail component that is part of a larger 76.7-acre master-planned development in Ellis County. CenterPoint plans to develop the property with a mix of national and regional retailers, restaurants and service-oriented uses, incorporating a combination of pad sites, ground leases and build-to-suit opportunities. The company is already negotiating terms with several national tenants for locations within …

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DevelopmentNewsRestaurantsSouth Carolina

Eggs Up Grill Signs 11-Unit Franchise Agreement

by Abby Cox

Spartanburg, S.C. — Daytime restaurant brand Eggs Up Grill has signed a franchise agreement across four different franchise groups to open 11 new restaurants. The 11 commitments will expand the brand across both new and existing markets, including Eggs Up Grill’s first entry into Kansas. Eggs Up Grill also opened three restaurants during the quarter in Bonaire, Georgia; Spears Creek, South Carolina; and Mt. Pleasant, South Carolina. Eggs Up Grill operates more than 110 locations in the country, with over 90 additional units under development.

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CaliforniaDevelopmentNewsRetailers

Ross Opens 51 Stores Across 17 States in September, October

by Abby Cox

Dublin, Calif. — Ross Stores Inc. has opened 51 new locations throughout the months of September and October, including 41 Ross Dress for Less and 10 dd’s DISCOUNTS stores. This expansion, which spans 17 states, has completed the company’s growth plans for fiscal 2026, with the addition of 115 new locations throughout the year. Together, Ross Dress for Less and dd’s DISCOUNTS currently operate approximately 2,377 stores across 45 states, the District of Columbia, Guam and Puerto Rico.

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Hylo-Park-South-NLV-NV
DevelopmentGrocery-anchoredMixed-useNevadaNews

Agora Realty Breaks Ground on $375 Million Final Phase of Mixed-Use Entertainment Project in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has broken ground on the third and final phase of Hylo Park, a 73-acre mixed-use entertainment project in North Las Vegas. Upon completion, the $375 million, 25-acre final phase will include a 250,000-square-foot multi-sport indoor field house; an existing multi-sport arena; outdoor public space; a community field; shops and restaurants; a family entertainment center; and a 177-key Hilton Embassy Suites hotel. Completion is slated for late 2027. Additional phases of the development include Hylo Park South, a 90,750-square-foot grocery-anchored retail center that was completed …

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Promenade_MINISO
ColoradoDevelopmentNews

Galway Cos. Signs New Tenants, Advances Multimillion-Dollar Renovation at The Promenade Shops Centerra in Northern Colorado

by Abby Cox

Loveland, Colo. — Galway Cos. is advancing a multi-million-dollar, property-wide renovation at The Promenade Shops Centerra, a 494,500-square-foot open-air center in Loveland, approximately 46 miles north of Denver. Improvements will include new storefront facades; a redesigned ice rink scheduled to open later next month; new landscaping along Main Street and updated property lighting; additional seating and refreshed outdoor gathering spaces; a new monument sign and new entrance signage; property-wide Wi-Fi and security enhancements; and new roofing across 10 buildings. The broader streetscape renovation is scheduled for completion in spring 2027. …

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Publix
DevelopmentGrocery-anchoredNewsNorth Carolina

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by Abby Cox

Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …

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Doral-Atrium-Walmart_Miami
DevelopmentFloridaGrocery-anchoredNews

Walmart to Open 40,344-Square-Foot Grocery Store in Metro Miami

by Abby Cox

Doral, Fla. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle development in Doral, a western suburb of Miami. Construction on the space, which will be occupied by Walmart Neighborhood Market, is expected to begin this fall with completion anticipated for 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

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TGI-Fridays
DevelopmentNewsRestaurantsTexas

TGI Fridays to Open Five Restaurants Across New York State

by Abby Cox

Dallas — TGI Fridays has signed a development agreement with Bliss Bites LLC to open five restaurants across New York State. The agreement marks the company’s first domestic development agreement in more than a decade. The Dallas-based restaurant chain plans to grow to 1,000 units and $2 billion in annual revenue by 2030. The company opened its first restaurant on Manhattan’s Upper East Side in 1965.

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DevelopmentMassachusettsNewsRetailers

Toys “R” Us to Open 120 New Standalone Stores Across the Country

by Abby Cox

Braintree, Mass. — Toys “R” Us is opening 120 standalone stores across the country this holiday season, bringing its total U.S. footprint to 160 locations less than a decade after the chain shuttered its doors. The stores will cater heavily to adult collectors and teens, focusing on LEGO sets, trading cards and collectibles, alongside traditional children’s toys. One of the new stores will be located at South Shore Plaza, a 1.6 million-square-foot mall in Braintree, approximately 10 miles south of Boston. Simon Property Group owns the property, which features more than …

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