West Melbourne, Fla. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the development will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 …
Wilder, Greenberg Gibbons Purchase 163,975-Square-Foot Shopping Center in Raleigh, Plans Renovations
Raleigh, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, Mishorim Gold NC, LP sold the property for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks Coffee, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and …
Pleasant Grove, Utah — St. John Properties has signed leases with seven new tenants at Valley Grove, a $1 billion, 128-acre mixed-use project under development in Pleasant Grove, roughly 35 miles south of Salt Lake City. The new tenants include Columbia Bank (3,100 square feet), Chicken Salad Chick (2,461 square feet), LongHorn Steakhouse (5,780 square feet), Mrakki Brow Bar (4,802 square feet), Only Crowns (1,238 square feet), Stella’s Ice Cream (1,991 square feet) and quickgreens (1,877 square feet). Other restaurants and retailers at Valley Grove include Café Rio, Chick-fil-A, Da Cloud …
Anna, Texas — Big V Property Group and The Seitz Group are developing Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. The development will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. …
The easy sites are gone. The linear development process — pick the site, draw the plans, permit, build — no longer reflects the reality of retail development today. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Dan Duke, COO, and Ryan Hatfield, director of market advancement for retail at Bohler, to discuss what’s going wrong on retail development projects and what the smartest developers are doing differently. Their core argument: most timeline and budget problems aren’t lost in construction — they’re lost at …
Location is everything in retail, and Rock Run Collection has a compelling location — anchored by a new interchange that opened in August 2024, connecting the 310-acre Joliet site to I-55 and I-80, two of Illinois’ busiest expressways. The project, which Cullinan describes as the largest super-regional development currently underway in the Midwest, will encompass more than 1 million square feet of retail, dining, entertainment, hospitality, multifamily and office uses. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Maria Toliopoulos, chief strategy officer …
Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …
Plano, Texas — The Dallas Stars are planning to open a new hockey arena and mixed-use entertainment district at The Shops at Willow Bend in Plano. The team announced on June 2 that it had signed a nonbinding letter of intent (LOI), inclusive of design and construction plans for the arena and surrounding district, which could include sports-themed retail, restaurant and entertainment uses, as well as public gathering and event spaces. The announcement comes roughly 24 hours after the NBA’s Dallas Mavericks similarly unveiled plans to move on from American …
Charlotte, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” …
Marlborough, Mass. — BJ’s Wholesale Club is set to open new locations in Kentucky, Florida and Indiana. The new clubs are part of the Marlborough, Massachusetts-based company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be in: • Frankfort, Kentucky • Ocala, Florida • Lecanto, Florida • Port St. Lucie, Florida • Portage, Indiana With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent launch in Texas with four …
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