Surprise, Ariz. — Diversified Partners has unveiled plans to develop a new 120,000-square-foot retail development within the master-planned community of Prasada in Surprise, roughly 30 miles northwest of Phoenix. The project will feature 16 acres of pad sites, shop space, auto and storage opportunities, as well as ground lease and build-to-suit options. Current confirmed tenants include a convenience store with an attached gas station, national drive-thru restaurant brands and a veterinary clinic, with additional tenants in negotiations across dining, wellness, automotive and lifestyle categories. Delaney McGroarty of Diversified will handle …
Fort Wayne, Ind. — PB Development has been selected to serve as the master developer for North River District, a planned 29-acre mixed-use development in Fort Wayne. The site is anticipated to include a 160,000-square-foot sports and recreation facility, dubbed North River Fieldhouse, that will accommodate activities including basketball, soccer, volleyball, wrestling, cheerleading, pickleball, baseball and flag football. Affordable and market-rate housing options are also expected to be constructed at the property.
Chesterfield, Mo. — The Staenberg Group (TSG) has begun utility work and site grading for Downtown Chesterfield, the redevelopment of the former Chesterfield Mall site into a mixed-use destination in suburban St. Louis. This phase of work includes utility installation and relocation needed to support future development as well as site grading focused on the new road network and the 3.3-acre park that will serve as the centerpiece of Downtown Chesterfield. These early infrastructure improvements help transition the project site from demolition to active development. Plans call for a mix of …
Miami — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida …
Overland Park, Kan. — PB Development has broken ground on Phase II of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. The second phase of the project will include 160,000 square feet of retail, entertainment and dining space situated directly north of the property’s 420,000-square-foot AdventHealth Sports Park. Phase II of the development will also include gathering spaces to host concerts, farmers markets, community activities and watch parties, and will feature additional landscaping, water features, artwork and intricate architectural details. New tenant announcements are expected in …
Wesley Chapel, Fla. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in Wesley Chapel, roughly 24 miles north of Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on …
Sarasota, Fla. — Torburn Partners has signed two new anchor leases to kick off plans for its Sarasota Square project, a redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and Homesense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social …
Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened five new locations in the fourth quarter of 2025. The new locations include Russellville, Arkansas; Seguin, Texas; Fort Wayne, Indiana; El Paso, Texas; and New Braunfels, Texas. With the addition of these stores, Academy will have opened 24 new locations by the end of fiscal 2025. Originally founded in 1938 as a family business, Academy now operates more than 300 stores across 21 states.
Yucaipa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property located in Yucaipa, roughly 10 miles east of San Bernardino. Still under construction, the 4,088-square-foot building will be occupied by a 7-Eleven convenience store on a 15-year corporate lease. The retail property is situated within a Stater Bros.-anchored shopping center. Bill Asher and Jeff Lefko of Hanley, along with Jeff Stanley of Lee & Associates, represented the seller, Evergreen Devco, in the transaction. John Hans of Colliers represented the 1031 exchange …
Fort Worth, Texas — Atlanta-based cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open five new units, dubbed “Cans,” in North Fort Worth. Local development group Slidin Thru LLC will operate the new locations. Smalls Sliders has recently opened additional units in Texas, such as El Paso, Tomball, Willis and Arlington. Founded in 2019, Smalls Sliders currently has 375 Cans open or under development and is active across 30 states.
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