Development

Liberty-Center
DevelopmentMixed-useNewsOhio

Liberty Center Undergoes $20 Million Renovation in Suburban Cincinnati

by Abby Cox

Liberty Township, Ohio — Liberty Center, a mixed-use property located in the Cincinnati suburb of Liberty Township, is undergoing $20 million in renovations. Centennial, powered by Lincoln, serves as asset manager for the Apollo-owned property and is leading the execution of these initiatives. Plans for the 64-acre campus include tenant upgrades, the addition of first-to-market entertainment concepts and customer experience enhancements. Development approvals for a hotel and 300-unit multifamily component were also recently secured. Dick’s Sporting Goods is remodeling its space with interior upgrades and the addition of experiential amenities …

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DevelopmentMichiganNewsRestaurants

Shipley Do-Nuts Signs 15-Unit Franchise Agreement in Michigan

by Abby Cox

Houston — Shipley Do-Nuts has signed a franchise agreement with Hole Lotta Dough LLC to open 15 new units in Michigan. The agreement will bring Shipley Donuts to Oakland, Macomb and Wayne counties across the Metro Detroit area, with the first location targeted to open late in the first quarter of 2027. The agreement also establishes plans to open three additional shops per year for the next four years, resulting in 15 new stores over a five-year development period. In addition, Shipley announced it will enter Ohio with a three-unit franchise …

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7-eleven
CaliforniaDevelopmentFinanceNews

HKS Real Estate Arranges $7.8 Million in Construction Financing for Two Retail Developments in California

by Abby Cox

Fresno and Clovis, Calif. — HKS Real Estate Advisors has arranged $7.8 million in construction financing for two ground-up retail developments in Fresno and Clovis. Alex Dobosh and Andrew Pilchick of HKS secured the loans through North American Savings Bank on behalf of the borrower, Bottom Line Group. A $4.3 million loan will fund the first project, which will be a 4,771-square-foot 7-Eleven convenience store and gas station located in Fresno. Meanwhile, a $3.4 million loan will fund the second project, an 11,353-square-foot, three-unit retail building in Clovis that will feature …

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ArizonaDevelopmentNewsRestaurants

Cold Stone Creamery to Open Up to 12 Locations in Michigan Over the Next Four Years

by Abby Cox

Scottsdale, Ariz. — Cold Stone Creamery plans to open between eight and 12 new locations in Michigan over the next four years, building on its existing footprint of 27 stores in the state. A new Cold Stone Creamery location is underway in Plymouth, a suburb of Detroit, and is projected to open this fall. An additional Michigan location has also been awarded to a franchisee and is in the early stages of development, the company said. Kyle Welch, whose ownership group operates four Cold Stone locations in Michigan, said the company …

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Hylo-Park-South
DevelopmentGrocery-anchoredNevadaNews

Agora Realty Completes Construction of 90,750-Square-Foot, Grocery-Anchored Center in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has completed the construction of Hylo Park South, a 90,750-square-foot retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community currently under development. The 11-acre center is 95 percent leased to tenants including Ross Dress for Less, Starbucks Coffee, Chipotle Mexican Grill, In-N-Out Burger, PDS Health, AT&T, The UPS Store, Chase Bank, Allstate, Sourdough & Co. and Tesla. Cardenas Markets anchors the property, which will open in early 2027.

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Compliance at Scale webinar
Architecture and DesignDevelopmentMixed-useOperationsUncategorizedWebinar

Webinar: Compliance At Scale —  Stormwater Risk Across a Growing Portfolio

by Anna Watson

Stormwater compliance gets more complex as a portfolio grows — and the risk isn’t just regulatory. In a recent webinar hosted by France Media and sponsored by AQUALIS, “Compliance At Scale: Stormwater Risk Across a Growing Portfolio,” panelists discussed where compliance gaps most often occur, what they cost when caught late, and how proactive inspections protect both budgets and asset life. Key Takeaways: Tune in for multi-property compliance strategy, redevelopment and increased stormwater retention requirements, and how to handle protected wetlands.  “The common theme that I hear is that ‘compliance is voluntary.’ It’s not. …

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north-bridge
DevelopmentIllinoisNews

Pacific Life, Centennial to Renovate The Shops at North Bridge in Chicago

by Abby Cox

Chicago — The Shops at North Bridge, a 678,000-square-foot retail center located along Chicago’s Magnificent Mile, is undergoing a $40 million renovation led by owner Pacific Life and property manager Centennial Real Estate. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and dining. The redesigned entrance at the property will emphasize visual connectivity between Michigan Avenue and the interior retail environment, and will include updated tenant signage and architectural enhancements. Nordstrom’s flagship location will remain a central component of the design. …

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DevelopmentFloridaInvestment salesNewsRetailers

Minto Communities Sells Land in South Florida to Walmart for New Supercenter

by Abby Cox

Westlake, Fla. — Minto Communities USA has sold a 24-acre parcel at Town Center West in Westlake, a master-planned community in South Florida’s Palm Beach County. The buyer, Walmart, plans to develop a 188,779-square-foot Walmart Supercenter at the site, including a separate convenience store and gas station. The sales price was not released. The new Walmart Supercenter will sit adjacent to a future Lowe’s Home Improvement store, which will also double as a regional headquarters for the North Carolina-based retailer. Minto sold that site to Lowe’s in January. In addition, Minto owns …

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DevelopmentNewsWashington

SimonCRE Acquires Island Plaza in Oak Harbor, Washington, Plans Redevelopment

by Abby Cox

Oak Harbor, Wash. — SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for a redevelopment. SimonCRE has already signed a 23,666-square-foot lease with a national soft goods retailer for the center’s largest available space. Additional small-shop space, which ranges in size from 875 square feet to 2,400 square feet, remains available for lease. Island Plaza comprises two multi-tenant buildings and a .50-acre pad site. Current tenants include Haggen, Jersey Mike’s Subs and Maurices, among others.

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Midlothian-Depot-rendering
DevelopmentGrocery-anchoredMixed-useNewsVirginia

KPP Tapped to Manage Whole Foods Market-Anchored Center in Midlothian, Virginia

by Abby Cox

Midlothian, Va. — KeyPoint Partners (KPP) has been selected to provide management services for Midlothian Depot, a newly constructed, 87,363-square-foot mixed-use center located in Midlothian, approximately 14 miles west of Richmond. Confirmed tenants at the property include J.Crew, Dave’s Hot Chicken, Warby Parker, Paris Baguette and Lovesac, along with Whole Foods Market. The first retail tenants and anchor are projected to begin opening in the fall, with the overall project rollout continuing into 2027. Atlanta-based SJC Ventures purchased the 13-acre site in January 2025 for $16 million.

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