Development

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Simon to Invest $250 Million for Redevelopment of Three Malls in Nashville, Denver and Tampa

by Abby Cox

Indianapolis — Indianapolis-based mall owner Simon Property Group has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according …

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Company newsDevelopmentNewsRetailersWashington

Starbucks to Open 400 Net New U.S. Stores as Part of Transformation Plan 

by Abby Cox

Seattle — At its recent 2026 Investor Day, Starbucks Coffee Co. highlighted progress in its “Back to Starbucks” transformation plan. By fiscal 2028, the company expects to open 2,000 net new stores across its portfolio, including approximately 400 net new U.S. company-operated stores. Brady Brewer, chief executive officer for Starbucks International, shared the company’s plan to accelerate global growth in a program referred to as coffeehouse “uplifts.” With this plan, Starbucks expects to add more than 25,000 café seats across the U.S. by the end of fiscal 2026. Starbucks also announced …

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CaliforniaDevelopmentMixed-useNews

Shopoff Realty Investments Acquires Remaining Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

by Abby Cox

Westminster, Calif. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, …

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DevelopmentMissouriNewsRestaurants

Zaxby’s to Open Seven New Restaurants in Missouri

by Abby Cox

St. Louis and Columbia, Mo. — Zaxby’s has signed a franchise agreement with Triple Z Holdings LLC to open seven new restaurants in Missouri. The development plan builds on various multi-unit franchise deals in the Midwest, including locations in Illinois and Ohio. Zaxby’s recently unveiled its newest restaurant in Chicago on Jan. 9, with more openings expected to follow. Zaxby’s currently has over 970 locations in 17 states and is headquartered in Atlanta, Georgia.

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Laynes Chicken Fingers
DevelopmentNewsRestaurantsTexas

Layne’s Chicken Fingers Enters 2026 with 40 Stores, Plans to Open 300 by 2030

by Abby Cox

Frisco, Texas — College Station, Texas-based Layne’s Chicken Fingers closed out 2025 with 40 restaurants and 10 new franchise owners in the system, with plans to open a total of 300 units by 2030. Layne’s growth included a 44-unit agreement, a 15-unit expansion by Wisconsin franchise owners and agreements signed by franchisees of other major brands like Wendy’s and Arby’s. Meanwhile, Layne’s posted a 50 percent year-over-year unit increase and a 67 percent increase in systemwide sales, with 2024 systemwide revenue reaching $30 million.

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DevelopmentNew YorkNewsRestaurants

Pokeworks to Open Four New Restaurants in New York

by Abby Cox

New York City — Irvine, California-based Pokeworks has signed two separate franchise agreements to open four new restaurants in Long Island and Manhattan. Restaurant operator Joe Magnotta is expected to open a Pokeworks restaurant in mid-2026 on Long Island, while business leader Sanchit Sharma plans to develop locations in central Midtown Manhattan that target areas with strong office density and foot traffic. The first restaurant in Manhattan is anticipated to open by late summer 2026, and two more are set to follow. Pokeworks currently operates seven locations in New York City, …

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ArizonaDevelopmentLeasingNews

Vestar Completes $100 Million Vineyard Towne Center Retail Development in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Vestar, a privately held shopping center developer and manager based in Phoenix, has announced the completion of Vineyard Towne Center, a 260,000-square-foot retail development located in Queen Creek, approximately 45 miles southeast of Phoenix. Following the 2021 groundbreaking, the $100 million development is now fully leased. “This center has seen incredible leasing momentum, and the strong response from both tenants and residents underscores the demand for high-quality destinations that blend convenience, variety and an elevated sense of place,” says Jeffrey Axtell, executive vice president of development at …

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DevelopmentFinanceMixed-useNewsTennessee

Hilco Provides $47.5M Construction Loan for Mixed-Use Development in Chattanooga, Tennessee

by Abby Cox

Chattanooga, Tenn. — Hilco Global Real Estate Capital has provided a $47.5 million loan to Urban Story Ventures to support the recapitalization and continued development of The Bend, a 100-acre mixed-use development underway in Chattanooga. Plans for the project, which will feature more than 3,000 linear feet of frontage along a bend of the Tennessee River, include approximately 1,700 residential units; 1.1 million square feet of office space; 1.2 million square feet of dining, shops and service retailers; 600 hotel rooms; entertainment and cultural venues; and a 300-slip marina. The …

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EVO Entertainment
DevelopmentEntertainmentNewsTexas

EVO Entertainment Breaks Ground on 82,000-Square-Foot Venue in Metro Dallas

by Abby Cox

Forney, Texas — EVO Entertainment has broken ground on an 82,000-square-foot entertainment venue in Forney, approximately 20 miles east of Dallas. The new venue, which is scheduled to open this fall, will feature nine theaters, a full-service bar and restaurant, event and conference spaces, as well as an upper-level lounge area. Guests can also expect 22 bowling lanes, more than 125 arcade games, rock climbing walls, a multi-level ropes course, bumper cars and laser tag. The entertainment venue is part of The Village at Gateway, a 120-acre mixed-use development that …

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CaliforniaDevelopmentGrocery-anchoredInvestment salesNews

Renovation of Heritage Square Opens in Irvine, California

by Abby Cox

Irvine, Calif. — Construction has been completed on the renovation of Heritage Square, an 85,000-square-foot grocery anchored shopping center located in Irvine. The project, designed by Nadel Architects, consisted of a full aesthetic refresh of the center, which was originally built in 1984. Additional improvements included the repositioning of two existing shop buildings, the demolition of two outdated structures and the redevelopment of a new 28,000-square-foot retail market building. The center is managed by Meadows Asset Management. Situated adjacent to the 233,000-square-foot Heritage Plaza shopping center, Heritage Square is home to …

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