Sterling Heights, Mich. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space, as well as a mix …
Knoxville, Tenn. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences with rooftop space and a private members club. Arctos is the majority equity investor in the project and is …
Irvine, Calif. — Club Pilates has signed a franchise agreement with entrepreneur Saber Ammori to develop 70 new units across three states including Michigan, Maryland and New York. Ammori already owns and operates 14 Club Pilates studios in the New York City area. As part of the deal, Ammori and Boston-based private equity firm Cohere Capital have formed Renew Fitness to operate and develop the existing and future Club Pilates locations. The franchisee group’s total number of potential studios will increase to 84, making Renew Fitness one of Club Pilates’ …
Glendale, Calif. — RDC, in collaboration with high-end grocery chain Erewhon, has redeveloped a former Virgil’s Hardware building in Glendale. Situated at 520 North Glendale Ave., the historic 24,900-square-foot building was originally developed in the 1970s and has been vacant for more than five years. The redevelopment has transformed the hardware store into a 14,900-square-foot Erewhon grocery store that comprises 5,000 square feet of mezzanine space, along with 4,000 square feet of additional ground-floor tenant space. Erewhon acquired the property in 2024.
Nashville, Tenn. — Bed Bath & Beyond has announced its first phase of its nationwide rollout of the new Bed Bath & Beyond + The Container Store retail format. The first 22 locations will begin welcoming customers to the new format immediately, with additional stores scheduled to convert over the next several weeks. The rollout follows the launch of the company’s first co-branded store in Texas. The new stores combine Bed Bath & Beyond’s assortment of bedding, bath, kitchen, entertainment and home essentials with The Container Store’s expertise in organization, custom …
Chicago — Zaxby’s has signed a franchise agreement with a local entrepreneur to open seven new restaurants in Chicago. The development plans follow a separate multi-unit agreement signed in Chicagoland in 2025, along with the first restaurant in Plainfield, Illinois, earlier this year. Zaxby’s currently has more than 1,000 locations in 22 states and is headquartered in Atlanta.
Houston — Shipley Donuts has signed a three-unit franchise agreement in Cincinnati, marking its entry into Ohio. The deal is with Houston-based Koelache Co. LLC, which plans to open its first Shipley location in the first quarter of 2027, with the other two units expected to open through 2029. Founded in Texas in 1936, Shipley Donuts has more than 390 franchised and company-owned restaurants across 13 states.
Meridian, Idaho — CenterCal Properties has announced the expansion of The Village at Meridian, a 1 million-square-foot mixed-use development located in Meridian, roughly 10 miles west of downtown Boise. Phase II of the project will encompass 80,000 square feet of commercial space across six new buildings, including a mix of retail and dining tenants such as Vuori, Alo, Kendra Scott, Tecovas, Gorjana, solidcore and Tempur-Pedic, along with Flower Child and Paris Baguette. Additional tenants will be announced as leasing activity continues. Initial openings are expected in September 2026, while completion of …
Salt Lake City — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot center located in the East Bench neighborhood of Salt Lake City. The grocery-anchored center — which is anchored by Dan’s Fresh Market — features a new central plaza, open-air breezeways, six new tenants and two levels of retail shops. New tenants that will be joining the property later this year will include Magnolia Bakery (1,500 square feet), Zao Asian Café and MD Hyperbaric. JD Flannel Donuts, Mo’ Bettahs and [solidcore] have already opened at the center. …
Lexington, Ky. — PJ’s Coffee of New Orleans has signed a seven-unit license agreement with Steve Estepp, founder of Estepp Energy and Coffee Dudes LLC, to expand the New Orleans coffee brand throughout convenience stores in Central Kentucky. The company operates more than 13 convenience stores across Kentucky and is expanding its portfolio with complementary brands including Freddy’s Frozen Custard & Steakburgers, Little Caesars and now PJ’s Coffee. Alongside the company’s operating partner, Brendon Farrar, the group plans to introduce PJ’s Coffee to its stores through a combination of full cafés …
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