Silver Spring, Md. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated roughly 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 …
Development
Belmar, N.J. — Belmar, New Jersey-based Playa Bowls, a fast-causal restaurant chain that specializes in açai bowls, smoothies and fruit juices, has signed three multi-unit franchise agreements spanning Nevada, South Carolina and Missouri. Husband-and-wife teams Justin and Hannah Kirkland, alongside Craig and Diana Kirkland, will own and operate 10 restaurants in Southern Nevada. Brittany and Jeff Ciaramita have signed a five-unit development agreement in Missouri, marking the brand’s introduction to the state. Potential locations include Ladue, Central West End, Creve Coeur, Town and Country and Chesterfield, with the first location …
NewMark Merrill-Led Partnership to Develop 297,363-Square-Foot Retail Center in Victorville, California
Victorville, Calif. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center located at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville, approximately 35 miles north of San Bernardino. NewMark Merrill is scheduled to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert …
Marx Realty Underway on 58,000-Square-Foot Retail Expansion at Cross County Center in Yonkers, New York
Yonkers, N.Y. — Marx Realty is underway on the construction of a two-building, 58,000-square-foot retail expansion at Cross County Center, a 1.2 million-square-foot lifestyle center located in Yonkers, just north of New York City. The first building will comprise 14,000 square feet across a single floor and the second building will span 44,000 square feet across two floors. Marx Realty will also develop a 4-acre park, which will accommodate farmers’ markets and SummerFest events, as well as wellness and seasonal programming. Meanwhile, an adjacent boardwalk will offer café-style seating and shaded …
New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta
Alpharetta, Ga. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development. The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a …
Norwalk, Calif. — A partnership between Primestor and the City of Norwalk is underway on The Walk, an 89,000-square-foot mixed-use community located in Norwalk, approximately 17 miles southeast of downtown Los Angeles. Designed by DLR Group, the project will be centered around pedestrian-friendly, landscaped pathways that will provide new dining, shopping and public spaces for guests and residents. The Walk is scheduled for completion by late 2027.
Morgan Co., Casto Net Lease Acquire Land Parcel for Development of Grocery-Anchored Shopping Center in Port St. Lucie, Florida
Port St. Lucie, Fla. — A partnership between Morgan Co. and Casto Net Lease has acquired a 15-acre land parcel in Port St. Lucie for the development of a grocery-anchored shopping center. Scott Copeland of On Course Development represented the buyers in the transaction. The new center will be anchored by Aldi and will include several outparcels that will be designated for tenants such as McDonald’s, Circle K and AutoZone. Construction is expected to begin later this year, with delivery of the project scheduled for 2027.
McKinney, Texas — Weitzman has announced plans to develop Custer Frontier Marketplace, a 170,000-square-foot, Kroger-anchored shopping center located in McKinney, approximately 33 miles north of Dallas. Situated on the southeast corner of Custer Road and Frontier Parkway, the Kroger Marketplace will comprise a 99,000-square-foot grocery store and fuel station. In addition to the anchor, the center will also feature 54,000 square feet of small-shop and freestanding retail space across multiple buildings and pad sites. A timeline for completion was not disclosed. David Palmer of Weitzman is leading the development of Custer …
Tampa, Fla. — Creative Contractors Inc. has begun the $13.5 million renovation and modernization of Tampa Theatre, a historic cinema in downtown Tampa that opened on Oct. 15, 1926. The Tampa Bay-area general contractor will make audiovisual enhancements to the theater, as well as upgrades across the property’s HVAC, electrical and mechanical systems, including the installation of a new elevator. Other enhancements will include a refreshed concessions area, new bathrooms, a new stage truss system and upgraded theatrical lighting to support live performances and film presentations. The second and third …
Ram Realty Signs Five New Retail, Restaurant Tenants at University Place in Chapel Hill, North Carolina
Chapel Hill, N.C. — Ram Realty Advisors has signed leases with five new retail and restaurant tenants at University Place, a 410,000-square-foot mixed-use lifestyle center under development in Chapel Hill, roughly 30 miles east of Raleigh. H&H Bagels, VEG Emergency Vet and luxury wellness studio SWTHZ are already open at the center. Meanwhile, Barnes & Noble will open a 19,734-square-foot store in the fourth quarter of 2026, and Bliss Nail Spa will open a 1,695-square-foot salon in the second quarter of 2026. Owned and developed by Ram Realty Advisors, University Place …