Development

Vineyard-Towne-Center
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 northwest 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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The-Bend_Chattanooga
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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Amazon
DevelopmentIllinoisNews

Amazon Plans to Open First-of-its-Kind Retail Store in Metro Chicago Totaling 230,000 Square Feet

by Abby Cox

Orland Park, Ill. — Amazon has unveiled plans to open a first-of-its-kind retail store in the southern Chicago suburb of Orland Park. The planned brick-and-mortar store will occupy the long-vacant site of the former Petey’s II restaurant at the southwest corner of 159th Street and LaGrange Road. The Orland Park Village Board approved the project at its Jan. 19 meeting. Amazon’s plans call for a one-story building of approximately 230,000 square feet that will offer groceries, household essentials and general merchandise. The store would function similarly to a large-format retailer …

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H-Mart
CaliforniaDevelopmentGrocery-anchoredNews

Vestar Signs New Anchor Tenant at Pacific Commons Shopping Center in Fremont, California

by Abby Cox

Fremont, Calif. — Asian supermarket chain H Mart will open a 100,000-square-foot flagship store at Pacific Commons Shopping Center, a 1.1 million-square-foot super-regional power center located on the southeastern shore of San Francisco Bay in Fremont. The new store will introduce H Mart’s multi-level prototype, which will include a food hall with fast-casual eateries, full-service dine-in restaurants, a bar and entertainment offerings. Construction on the development is expected to begin in late 2026. Owned by Heitman and managed by Vestar, Pacific Commons Shopping Center is home to more than 55 …

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The Grand at Aliana
DevelopmentNewsTexas

NewQuest Breaks Ground on 87,502-Square-Foot Retail Project in Richmond, Texas 

by Abby Cox

Richmond, Texas — Local developer NewQuest has broken ground on an 87,502-square-foot retail expansion of The Grand at Aliana, a 650,000-square-foot retail power center in the Houston suburb of Richmond. The new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners …

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The-Oaks-of-District-West-Richmond-Texas
DevelopmentFinanceNewsTexas

Forman Capital Provides $37 Million Construction Loan for Metro Houston Retail Development

by Abby Cox

Richmond, Texas — Florida-based Forman Capital has provided a $37 million construction loan for The Oaks of District West, an 87,244-square-foot retail project located in Richmond, approximately 30 miles southwest of Houston. Developed by Ferguson Family Partners, The Oaks of District West will consist of 10 buildings that are 70 percent preleased, as well as central green space. Tenants that have committed to the project include pickleball concept The PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar and Pecan Jack’s Ice Cream. Daniel Eidson of Concord …

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Phenix-Exterior
DevelopmentNewsRetailers

Phenix Salon Suites Ends 2025 with 26 New Locations, Plans to Open 30 More in 2026

by Abby Cox

Las Vegas — Phenix Salon Suites concluded 2025 with 26 new locations, as well as one international venue in York, United Kingdom. Meanwhile, the brand has also recently signed more than 30 new franchise agreements across new and existing markets for 2026, including Texas, Florida, California, New York and New Jersey. Phenix Salon Suites began franchising in 2012 and currently has more than 425 locations across 33 states, with continued plans to expand internationally.

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TGI-Fridays
Company newsDevelopmentNewsRestaurantsTexas

TGI Fridays Unveils New Expansion Plan, Targets 1,000 New Restaurants by 2030

by Abby Cox

Dallas — Dallas-based casual dining chain TGI Fridays has unveiled a new expansion plan. Under its “1-2-3 Strategic Vision,” the company is aiming for more than 1,000 new restaurants and $2 billion in revenue by 2030. The U.S.-based company intends to support its strategy with initiatives such as menu and beverage changes, improved guest experiences and upgrades to restaurant atmosphere. The brand’s growth strategy also includes a diverse mix of formats, including high-volume airport locations to hotel concepts and traditional full-service restaurants. TGI Fridays filed for Chapter 11 bankruptcy in November …

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