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Wegmans
Company newsDevelopmentNewsPennsylvania

Wegmans to Open 115,000-Square-Foot Store in Cranberry Township, Pennsylvania  

by Abby Cox

Cranberry Township, Pa. — Supermarket chain Wegmans Food Markets Inc. has announced plans to open a new store in Cranberry Township, roughly 21 miles outside Pittsburgh. This marks the chain’s first location in metro Pittsburg. Designed and constructed by Sippel Development Co., the115,000-square-foot store will feature a bakery, seafood department, meat, produce, deli and cheese options and a selection of wine and beer. Situated on 13 acres, the new store will be a part of the larger Cranberry Springs mixed-use development. Wegmans currently operates 111 stores along the East Coast.

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CRAFT Restaurant Beer Market
DevelopmentNewsRestaurantsTexas

CRAFT Restaurant & Beer Market to Open First US Location in 2026

by Abby Cox

Dallas — Food-and-beverage concept CRAFT Restaurant & Beer Market has announced plans to open its first U.S. location in the Preston Center commercial district of Dallas. Occupying a 10,500-square-foot space, the venue will feature a 360-degree bar with more than 100 beers on tap, cocktails, wine and a food menu. The restaurant, which is scheduled to open in early 2026, will also include a 5,250-square-foot rooftop patio with a full bar, booth seating, greenery and a games area. CRAFT currently operates nine restaurants throughout Canada.

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Medley
DevelopmentGeorgiaMixed-useNews

Toro Breaks Ground on $560 Million Mixed-Use Project in Metro Atlanta

by Abby Cox

Johns Creek, Ga. — Toro Development Company (TDC) has broken ground on Medley, a $560 million mixed-use project in Johns Creek, approximately 27 miles north of Atlanta. Upon completion, the 43-acre development will feature 180,000 square feet of retail, restaurant and entertainment space, 900 residences — with a mix of townhomes and multifamily units — and 110,000 square feet of office space. The property will also feature a 25,000-square-foot plaza and 175-key hotel. The grand opening is scheduled for Oct. 29, 2026. Retailers at Medley will include Fadó Irish Pub, …

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Home Ranch Commons
CaliforniaDevelopmentMixed-useNews

IPA Arranges $34.6 Million Sale of Mixed-Use Property in Metro Los Angeles

by Abby Cox

Yorba Linda, Calif — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $34.6 million sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center located in Yorba Linda. UCI Health and Kiddie Academy anchor the property, which was built in 1984 and renovated in 2018. Other tenants at the center include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., The Coder School and Torkian Aesthetic Center. Greenbridge Partners sold the property to Optimus Properties. Mark DeGiorgio, Jose Carrazana and Patrick Toomey of …

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CaliforniaDevelopmentFinanceNews

BWE Secures $20 Million Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

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DevelopmentMassachusettsNews

Simon® Signs Two Leases with Dick’s Sporting Goods in Metro Boston

by Abby Cox

Braintree and Peabody, Mass. — Simon has signed new leases with Dick’s Sporting Goods at two of its properties in metro Boston. DICK’S House of Sport will be located within Northshore Mall in Peabody, roughly 20 miles outside Boston, and a Dick’s Sporting Goods store will open at South Shore Plaza in Braintree, approximately 15 miles outside Boston. Both stores are scheduled to open in 2026.

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Midlothian-Depot_Midlothian-Va
DevelopmentGrocery-anchoredInvestment salesMixed-useNewsVirginia

SLN Brokers $16 Million Sale of Development Parcel in Midlothian, Virginia

by Abby Cox

Midlothian, Va. — S.L. Nusbaum Realty Co. (SLN) has brokered the $16 million sale of a 13-acre development parcel located in Midlothian, roughly 14 miles outside Richmond. Larry Agnew and Andrew Thacker of SLN represented the buyer, SJC Ventures, in the transaction. SJC Ventures plans to develop Midlothian Depot, a mixed-use project, at the site. Upon completion, the development will feature a specialty grocer, retail and restaurant space, residential units, multi-modal pathways, green spaces and a dog park. Site work will begin in fall 2025, with vertical construction scheduled to …

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Centro-City_Miami
DevelopmentFinanceFloridaMixed-useNews

Terra Receives $291 Million Financing Package for Centro City Mixed-Use Development in Miami

by Hayden Spiess

Miami — Development firm Terra has received a total of $291 million in permanent financing for the recently completed first phase of Centro City, a 38-acre mixed-use development located just west of Miami’s Little Havana neighborhood. Phase I comprises 350,000 square feet of retail space, as well as three eight-story multifamily buildings that house 470 market-rate apartment units. JVP Management issued a $187 million loan for the development’s multifamily component, with Hudson Bay Capital issuing a $104 million loan for the retail portion. The funds will be used to pay off …

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DevelopmentGrocery-anchoredInvestment salesNewsWashington

SimonCRE Acquires 89,002-Square-Foot Retail Center in Washington, Plans Redevelopment 

by Hayden Spiess

Spanaway, Wash. — SimonCRE has acquired an 89,002-square-foot retail center located in Spanaway, with plans to redevelop the property. Plans for the center include the addition of a grocery anchor, as well as other new tenants. According to SimonCRE, redevelopment efforts at the property will be focused on updating existing structures. 

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The-Row-park-credit-to-BOGZA
DevelopmentMixed-useNewsTexas

Presidium to Break Ground on Next Phase of 314-Acre Mixed-Use Project in Austin, Texas

by Hayden Spiess

Austin, Texas — Presidium will break ground on the next phase of The Row, a 314-acre mixed-use project in Austin. Featuring a 6,250-square-foot freestanding restaurant site and 22,000 square feet of additional retail space, this phase will be developed in partnership with PentaGrowth Capital and a subsidiary of Biolink Capital. The project team will include architect Chioco Design, landscape architect Blacksmith Collaborative and civil engineer KFM Engineering & Design, as well as LandDesign, Leap!, Bay MEP, HWA Parking and O’Brien Architects. Asterisk Design will oversee renaming and rebranding for the development, …

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