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Ardalan Plaza
Architecture and DesignDevelopmentIndianaNews

Skender Breaks Ground on $19 Million Ardalan Plaza Building in Metro Indianapolis

by Abby Cox

Carmel, Ind. — Skender Construction has broken ground on Ardalan Plaza, a $19 million development that will serve as a gateway to the city of Carmel’s Arts & Design District. The property will comprise 8,000 square feet of retail and gallery space on the first floor, five luxury condominiums on the second floor and a private residence with a rooftop terrace spanning the third floor. Designed in the manner of an Italian villa, the project is a collaboration between the Carmel Redevelopment Commission and the Ardalan family. The project team …

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Miami Worldcenter
DevelopmentEntertainmentFloridaMixed-useNewsRestaurantsRetailers

CIM Group, Partners Open $6 Billion Miami Worldcenter Development

by Abby Cox

Miami — Los Angeles-based investment firm CIM Group and its development partners have officially opened Miami Worldcenter, a $6 billion mixed-use development in downtown Miami. CIM Group partnered on the project with Miami Worldcenter Associates, a development entity founded by Art Falcone and Nitin Motwani. The development spans 27 acres across 10 city blocks in the city’s Park West neighborhood and has generated nearly 9,000 jobs over the course of its construction and operation. The site formerly housed blighted properties and surface parking lots. The Miami Worldcenter master plan includes approximately …

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Heritage Park
ArizonaDevelopmentMixed-useNewsRestaurantsRetailers

Creation, Crescent Break Ground on Heritage Park Mixed-Use Development in Downtown Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — A partnership between two developers, Creation and Crescent Communities, has broken ground on the first phase of Heritage Park, a mixed-use development that will occupy a full city block in downtown Gilbert. The project will function as the northern gateway of Heritage District, which at full build-out will revitalize 10 acres in the East Valley of the metropolitan Phoenix area. Phase I of Heritage Park will feature 47,000 square feet of shops and restaurants, the 288-unit NOVEL Heritage Park apartments, a public square with water features and more …

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Skyline Ranch Marketplace
ArizonaDevelopmentNews

Joint Venture to Develop 225,000-Square-Foot Retail Development in Metro Phoenix

by Abby Cox

San Tan Valley, Ariz. — A joint venture between Pennant Development and REALM LP has acquired a 31-acre land parcel in San Tan Valley, roughly 47 miles southeast of Phoenix, for $10 million, with plans to develop a retail center at the site. Upon completion, Skyline Ranch Marketplace will total 225,000 square feet. The seller, WinCo Foods, originally acquired the parcel from Miller Global in 2023 and has retained 10 acres of the site for the construction of a new WinCo Foods store, which is currently underway. Ed Beeh, Chuck …

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Downtown Doral
DevelopmentFinanceFloridaLeasingMixed-useNews

Codina Partners Receives $38.8 Million Construction Financing for Third Phase of Downtown Doral in Metro Miami

by Abby Cox

Doral, Fla. — Codina Partners has received a $38.8 million construction loan for the third phase of Downtown Doral, a 250-acre mixed-use development located roughly twelve miles west of Miami in Doral. Ocean Bank provided the loan. The third phase of the project will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors. UHealth – University of Miami Health System has leased 11,243 square feet on the north end of the development for UHealth Way, which will offer comprehensive …

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Hartford Mall
Company newsDevelopmentMarylandNews

SJC Ventures Unveils Plans for $100 Million Transformation of Harford Mall Site in Metro Baltimore

by Abby Cox

Bel Air, Md. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. SJC also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces. CBL Properties owns Harford Mall, which originally opened …

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Park 10 at Avondale
ArizonaDevelopmentNewsRestaurants

Gantry Secures $9 Million Construction Financing for Retail Center in Suburban Phoenix

by Abby Cox

Avondale, Ariz. — Gantry has secured a $9 million construction loan for the development of Phase IV of Park 10 at Avondale, a mixed-use development located in the West Valley Phoenix suburb of Avondale. Situated on eight acres, Phase IV will include a build-to-suit restaurant for Cooper’s Hawk, as well as a second building that offers inline restaurant space for 85C Bakery and an unannounced third tenant. Adam Parker and Chad Metzger of Gantry’s Phoenix office represented the borrower, Parkland Development, in the transaction. A regional bank provided the three-year, …

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Wayfair
Company newsDevelopmentLeasingNew YorkNews

Wayfair to Open 114,000-Square-Foot Store in Metro New York

by Abby Cox

Yonkers, N.Y. — Online retailer Wayfair will open a 114,000-square-foot store in the New York City suburb of Yonkers. Located within Ridge Hill, a 1.3 million-square-foot mixed-use development, the Yonkers store marks Wayfair’s third large-format location, which is scheduled to open in early 2027. Wayfair’s first physical retail store opened in May 2024 in Wilmette, Illinois, while its second location in Atlanta will open in 2026. Adam Schwegman and Morgan Liesenfelt of Jamestown led lease negotiations in the transaction. A joint venture between Jamestown, Nuveen Real Estate and Taconic Partners …

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safeway-anchored-shopping-centers
CaliforniaDevelopmentGrocery-anchoredNews

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Abby Cox

Roseville and Elk Grove, Calif. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by a Safeway.

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The Switchyard
ArizonaDevelopmentMixed-useNewsRestaurantsRetailers

Creation, Horizon Break Ground on $120 Million Mixed-Use Project in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are …

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