Development

Bolsa-Pacific-Westminster-CA
CaliforniaDevelopmentMixed-useNews

Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange County

by Abby Cox

Westminster, Calif. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the former Westminster Mall in Orange County. Designed by AO, the project will transform the property into an 83.3-acre downtown destination. Upon completion, Bolsa Pacific will feature 2,250 residential units, 220,000 square feet of retail and restaurant space, a 120-room hotel and more than 15 acres of publicly accessible open space. The residential component will include market-rate and affordable housing, as well as for-sale townhomes spread across five multifamily buildings. Demolition of the …

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chase-plaza
DevelopmentGrocery-anchoredIllinoisNews

Associated Bank Provides $22.6 Million Loan for Acquisition, Redevelopment of Former Grocery Store in Metro Chicago

by Abby Cox

Buffalo Grove, Ill. — Associated Bank has provided a $22.6 million loan for the redevelopment of a former grocery store located at 1160 W. Lake Cook Road in Buffalo Grove, roughly 30 miles northwest of downtown Chicago. The acquisition also included an outparcel. Dubbed Chase Plaza, the project will convert the 66,083-square-foot vacant space into a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio. Daniel Barrins of Associated Bank arranged the loan on behalf of the borrower and developer, Shorewood Development Group.

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Avenue-South-Centerra
ColoradoDevelopmentMixed-useNews

Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado

by Abby Cox

Loveland, Colo. — Denver-based real estate investor and developer Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will create a walkable district integrating retail, office, dining and thousands of new homes at the intersection of I-25 and U.S. Highway 34. Approved by the City of Loveland in 2023, Avenue South will extend miles of trails and open space while introducing large-scale retail, dining and gathering places to keep pace …

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The_Marketplace_Redlands
CaliforniaDevelopmentGrocery-anchoredNews

Whole Foods Market-Anchored Retail Development Moving Ahead in Inland Empire

by Abby Cox

Redlands, Calif. — Redlands City Council has granted approval for the development of The Marketplace, a planned 71,900-square-foot grocery-anchored retail center located in the Inland Empire city of Redlands. Regency Centers will develop and KTGY will design the center. Anchored by a 36,000-square-foot Whole Foods Market, the project will feature four retail buildings with the capacity to be divided into 18 storefronts. In addition, a fifth pad building is planned to include a drive-thru with its own dedicated parking lot. Construction is expected to begin in late 2026, with completion …

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CaliforniaDevelopmentNewsRetailers

Xponential Fitness Signs 127-Unit Development Deal with Riser in Six States

by Abby Cox

Irvine, Calif. — Xponential Fitness has signed a multi-unit franchise deal with Riser Fitness to develop 127 new Club Pilates studios over the next five years. Riser Fitness has also obtained the rights to develop all remaining, non-contracted studio locations in six states, including California, Idaho, Minnesota, Nevada, Oregon and Washington. Riser Fitness, a family-owned operator, maintains more than 110 studios across eight states with a growing international footprint. Most recently, the company debuted its first Club Pilates studio in Mexico City and will begin a 40-unit development plan alongside planned …

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New-Braunfels-Town-Center-at-Creekside
DevelopmentNewsTexas

NewQuest Underway on 100,000-Square-Foot Retail Expansion Project in Metro San Antonio

by Abby Cox

New Braunfels, Texas — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, roughly 30 miles northeast of San Antonio. The expansion of New Braunfels Town Center at Creekside, which is part of the 400-acre Creekside Town Center master-planned development, involves construction of new single-tenant buildings for EöS Fitness, Chick-fil-A, Portillo’s and Chase Bank. The project will also feature a roughly 10,000-square-foot multi-tenant building that is fully preleased to Chipotle Mexican Grill, CAVA, Potbelly, Blo Dry Bar and Menchie’s Frozen …

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DevelopmentIndianaNewsRestaurants

Broken Yolk Café Signs Two-Unit Development Agreement in Lafayette, Indiana

by Abby Cox

Lafayette, Ind. — Broken Yolk Café, an American restaurant chain specializing in breakfast, brunch and lunch, has signed a franchise agreement to develop two new restaurants in Lafayette, about 60 miles south of Indianapolis. Marc Clapper, who maintains two Freddy’s Frozen Custard & Steakburgers locations, will own and operate the restaurants. The first Broken Yolk Café location is expected to debut in the Midwest this fall. In addition to development agreements in Indiana, the San Diego-based brand has also opened multiple restaurants in Idaho, Nevada, Arizona and Texas, totaling 42 …

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ArizonaDevelopmentNews

Aardex Completes Renovation of Historic Adaptive Reuse Development in Phoenix 

by Abby Cox

Phoenix — Denver-based development firm Aardex has completed the renovation of One West Madison, a historic adaptive reuse project located in downtown Phoenix. The 27,000-square-foot building has been transformed into move-in ready retail space. Constructed more than a century ago, One West Madison was acquired by Aardex in 2022. The development includes approximately 13,500 square feet of ground floor retail space, along with an activated basement level. The basement level will introduce The Vault on Madison, a climate-controlled self-storage concept, which is anticipated to open May 1. Additional basement space remains …

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ArizonaDevelopmentNews

Smalls Sliders Signs 15-Unit Franchise Agreement in Phoenix

by Abby Cox

Phoenix — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop 15 new units — dubbed Cans — in Phoenix. Entrepreneurs Talha and Rehman Ahmed, alongside their three business partners, will own and operate the restaurants. The group now maintains a portfolio of 20 Cans, with the first of their locations expected to open in Tucson, Arizona, later this year. In addition to development agreements in Arizona, the group is also debuting Cans in Las Vegas; El Paso, Texas; and Midland/Odessa, Texas.  Founded in 2019, Smalls Sliders currently …

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Parkside_on_Dresden_Cafe
DevelopmentGeorgiaMixed-useNews

Connolly Completes $70 Million Parkside on Dresden Mixed-Use Community in Metro Atlanta

by Abby Cox

Brookhaven, Ga. — Connolly, an Atlanta-based real estate developer and investor, has completed Parkside on Dresden, a $70 million mixed-use community located in Brookhaven, a northeast suburb of Atlanta. Situated on a 4-acre site, Parkside on Dresden includes 176 luxury apartments, seven townhomes, a six-level parking deck and 28,000 square feet of ground-level retail that is fully leased. Tenants include F45 Training Brookhaven, Balanced Aesthetics Medspa, Brookhaven Dance, Café Vendôme, CleanJuice Brookhaven, Confab Kitchen and Bar, El Valle, Greene’s Fine Foods, Honeysuckle Gelato, MIRAE, Stretch Lab and Sugarcoat Beauty. One 3,751-square-foot …

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