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DevelopmentGeorgiaGrocery-anchoredNews

Trader Joe’s to Open 13,500-Square-Foot Grocery Store at Halcyon Mixed-Use Development in Metro Atlanta

by Katie Sloan

Alpharetta, Ga. — RocaPoint Partners has announced that Trader Joe’s will open a new 13,500-square-foot grocery store at Halcyon, a mixed-use development in the north Atlanta region of Forsyth County. Located in Alpharetta near the Big Creek Greenway trail, the grocery store will be situated next to the new Chick-fil-A as part of the third phase of Halcyon, which recently celebrated its fifth anniversary of operation. Other committed tenants of Halcyon’s Phase III include Chewy Vet Care, Chase Bank and Five Guys. Halcyon also includes The Village Green central gathering space for …

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CaliforniaDevelopmentLeasingMixed-useNews

Space Investment Partners Completes $11 Million Renovation of Mixed-Use Property in Costa Mesa, California

by Katie Sloan

Costa Mesa, Calif. — Space Investment Partners has completed an $11 million renovation of The Ranch at Newport Bay, a 60,000-square-foot mixed-use property located at 2651-2675 Irvine Ave. in the Orange County community of Costa Mesa. Restaurant and bar concept Verde opened within a 5,000-square-foot space in November, bringing the property to full occupancy. Additional tenants include Nike Training Studio, XPT Studio, Del Mar Wellness, Coffee Dose and Tiny Tooth Pediatric Dentistry. Anchor tenant Irvine Ranch Market occupies 17,500 square feet at the center. Details on the renovation were not disclosed.

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DevelopmentGeorgiaMallsMixed-useNews

Branch Properties Plans Mixed-Use Redevelopment of 492,798-Square-Foot Lakeshore Mall in Gainesville, Georgia

by Hayden Spiess

Gainesville, Ga. — Branch Properties has announced plans for the redevelopment of Lakeshore Mall, a 492,798-square-foot retail property located in Gainesville, roughly 55 miles northeast of Atlanta.  Plans for the mixed-use redevelopment include 305,444 square feet of retail space, as well as 652 multifamily units and 38,200 square feet of outdoor community greenspace. The property will also have the capacity for the future development of a hotel and townhomes.   Current Lakeshore Mall anchors Dick’s Sporting Goods and Belk will remain open throughout the project, with the former relocating to a new …

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ArizonaDevelopmentNews

Vestar Breaks Ground on $275 Million Shopping Center Development in Metro Phoenix

by Hayden Spiess

Buckeye, Ariz. — Vestar has broken ground on Verrado Marketplace, a $275 million shopping center development in Buckeye, roughly 35 miles outside Phoenix. Situated at the entrance of DMB Associates’ 8,800-acre Verrado master planned community, the shopping center will total 500,000 square feet. Tenants at the development will include ULTA Beauty, Famous Footwear, Buckle, Salt Tacos + Tequila, Bath & Body Works, Shake Shack, Handel’s Ice Cream, Nekter Juice, See’s Candies, Thai Chili, Einstein Bros. Bagels, Tropical Smoothie, Hawaiian Bros., European Wax Center, Zara Nails, Pacific Dental, America’s Best Contacts & …

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DevelopmentEntertainmentMissouriNews

Cordish Cos. Plans $10 Million Renovation of Kansas City Live! Entertainment Destination

by Hayden Spiess

Kansas City, Mo. — The Cordish Companies has unveiled plans for a $10 million renovation of Kansas City Live!, an entertainment development within the city’s Power & Light District. The project will include updates to existing spaces, as well as the introduction of a new concept. Upgrades at the Kansas City Live! Block will include a new exterior canopy, the addition of ceiling heaters and misters to the open-air venue, new high-definition ribbon boards, enhanced theatrical lighting, expanded group seating areas, fresh landscaping and expanded bar access. Additionally, Pizza Bar will …

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DevelopmentGrocery-anchoredNewsTennessee

Sembler Completes Development of 75,000-Square-Foot Shopping Center in Metro Nashville

by Hayden Spiess

White House, Tenn. — The Sembler Co. has completed the development of White House Shops, a 75,000-square-foot shopping center located in White House, roughly 20 miles north of Nashville. A 48,387-square-foot Publix anchors the property, which was 88 percent leased at the time of opening. Other tenants at the center include Noire The Nail Bar, East Nashville Aesthetic Dentistry, Teriyaki Madness, Miso Bowl, Wingstop and The UPS Store. Woody Widenhofer of Colliers is managing leasing at the property.  

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DevelopmentMixed-useNewsTexas

StreetLevel Breaks Ground on 120-Acre Mixed-Use Development in Texas

by Hayden Spiess

Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …

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Jonathan Lapat SRS Retail Locations Quote from article
Content PartnersDevelopmentFeaturesFinanceIndustry ContentLeasingMallsPower centersRestaurantsRetailers

Restaurants Execute Expansion Plans with Measured Approaches

by Sarah Daniels

To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely …

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DevelopmentIllinoisMixed-useNews

PRCP, Synergy Break Ground on Mixed-Use Redevelopment of Yorktown Center Mall in Suburban Chicago

by Hayden Spiess

Lombard, Ill. — A joint venture between Pacific Retail Capital Partners (PRCP) and Synergy Construction Group has broken ground on the mixed-use redevelopment of Yorktown Center, an enclosed regional mall located in the Chicago suburb of Lombard.  The 1.2 million-square-foot mall opened its doors in October 1968. The 130-acre property is currently home to over 170 stores and restaurants, including anchors Von Maur and JCPenney.  The joint venture acquired a 217,887-square-foot anchor building at the site that was formerly occupied by Carson Pirie Scott in fall 2022. The property will be …

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DevelopmentGrocery-anchoredMixed-useNewsTennessee

GBT, Robinson Properties to Develop Mixed-Use Project in Metro Nashville

by Hayden Spiess

Mount Juliet, Tenn. — GBT Realty Corp. and Robinson Properties have announced plans for Everett Downs, a mixed-use development to be located in Mount Juliet, roughly 20 miles east of Nashville. GBT will develop the retail portion of the project, which will comprise a 41,255-square-foot retail center. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature approximately 18,000 square feet of small shop and outparcel space. Completion of the retail center, which is currently 75 percent preleased, is scheduled for October 2025. Robinson Properties will develop Phase …

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