Development

Seamist-Commons
DevelopmentMixed-useNewsSouth Carolina

Stone City Capital to Develop 68-Acre Mixed-Use Project in Metro Charleston, South Carolina

by Abby Cox

Summerville, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community commons; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring …

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The Market at Meridiana
DevelopmentNewsTexas

MHC Breaks Ground on The Market at Meridiana in Metro Houston

by Abby Cox

Manvel, Texas — Malabar Hill Capital (MHC) has broken ground on The Market at Meridiana, a 27,000-square-foot neighborhood shopping center located in Manvel, roughly 24 miles south of Houston. Situated at the entrance of the Meridiana master-planned community, The Market at Meridiana is 54 percent preleased to tenants including La Dolce Nail Salon, Select Physical Therapy and Twisted Egg Shack.

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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Breaks Ground on $1.2 Billion Redevelopment of Lakeforest Mall in Metro D.C.

by Abby Cox

Gaithersburg, Md. — WRS Inc., a retail and mixed-use development firm based in Charleston, S.C., has broken ground on the $1.2 billion redevelopment of Lakeforest Mall, a 102-acre shopping mall in Gaithersburg that shuttered in 2023. Situated in the northern arch of the Washington, D.C., suburbs, the multi-phase project will transform 1.1 million square feet of obsolete retail space and parking lots into a walkable “mini-city” that will be master-planned on a grid of walkable streets and public amenities. “This is more than just a construction project; it is the rebirth …

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Shoppes at Cornerstone IV
DevelopmentNewsOhio

Oberer Completes Final Retail Strip Center at Mixed-Use Project Near Dayton, Ohio

by Abby Cox

Centerville, Ohio — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, called Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer …

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DevelopmentEntertainmentNewsVirginia

BIVI/Padel Acquires Former Beach Cinema Alehouse in Virginia Beach for $6.3 Million, Plans Redevelopment

by Abby Cox

Virginia Beach, Va. — BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry, creating a social “third space.” The facility is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also of Divaris Real Estate, represented the buyer.

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tdc-second-phase
DevelopmentGeorgiaMixed-useNews

TDC to Break Ground on Second Phase of Medley in Johns Creek, Georgia

by Abby Cox

Johns Creek, Ga. — Toro Development Co. (TDC) plans to break ground on the second phase of Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. TDC and Denver-based Ascentris closed on a $90 million construction loan earlier this month. The second phase, dubbed Encore, will feature an additional 408 apartments and 20,000 square feet of ground-floor retail. TDC has also added seven tenants to its lineup, bringing the total number of executed leases to 37, which represents 78 percent of the project’s retail space …

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Gong-cha-Store-Photo
CaliforniaDevelopmentNewsRestaurants

Gong cha Signs Three-Unit Franchise Agreement in Southern California

by Abby Cox

Boston — International bubble tea brand Gong cha has signed a franchise agreement to develop three new units in Southern California. Franchise operators Gagan and Aman Batta will own and operate the restaurants. The agreement includes locations in Fontana, Eastvale and Jurupa Valley, with the first location expected to open in the third quarter of 2026. Founded in Taiwan in 2006, Gong cha has more than 2,200 locations and is active in over 33 markets.

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rise-koreatown
DevelopmentGrocery-anchoredMixed-useNews

Retail Component of Rise Koreatown Mixed-Use Development in Los Angeles Nears Completion

by Abby Cox

Los Angeles — Nadel Architects has announced that the retail component of Rise Koreatown, a seven-story mixed-use development in Los Angeles’ Koreatown neighborhood, is nearing completion. The project will introduce more than 52,000 square feet of ground-floor retail space, which will be anchored by a 30,000-square-foot Zion Market, an American supermarket chain that specializes in Korean and Asian foods. The retail component of Rise Koreatown is expected to open later this year. Developed by Rescore Property Corp., the broader project includes over 350 residential units. Nadel’s design team drew inspiration from …

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lobo-crossing-rendering
DevelopmentNew MexicoNews

SimonCRE Acquires 38 Acres to Develop 363,000-Square-Foot Retail Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — SimonCRE has acquired approximately 38 acres of land to develop Lobo Crossing, a 363,000-square-foot, open-air center located on the University of New Mexico’s south campus in Albuquerque. Lobo Crossing is set to be the largest retail center developed in New Mexico in recent decades, according to the company. Target will anchor Lobo Crossing, which will feature 11 junior anchors and 45,000 square feet of space for small retail and restaurant operators. Committed tenants include Burlington, Marshalls, HomeGoods, Sierra, Boot Barn, Five Below and Michaels. Seven additional retailers are …

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marcos-pizza
CaliforniaDevelopmentNewsRestaurants

Marcos’s Pizza Signs 12-Unit Franchise Agreement in Southern California

by Abby Cox

Toledo, Ohio — Toledo, Ohio-based Marco’s Pizza has signed a franchise agreement to develop 12 new restaurants in Southern California. The restaurants will be owned and operated by Baljit Gill. Today, there are three Marco’s Pizza locations open in Upland, Fontana and Hesperia, with two additional stores under development in Yucaipa and Highland, which are scheduled to debut in early April. The remaining units are currently in the site selection process. Marco’s Pizza operates more than 1,200 stores across 35 states with locations in Puerto Rico, the Bahamas and Mexico. 

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