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Nora-District_West-Palm-Beach-Fla
DevelopmentFinanceFloridaMixed-useNews

JLL Arranges $84.2 Million Construction Financing for Nora District in West Palm Beach, Florida

by Hayden Spiess

West Palm Beach, Fla. — JLL Capital Markets has arranged $84.2 million in senior construction financing for the first phase of the Nora District, a mixed-use redevelopment project in West Palm Beach. Bank OZK provided the financing to the borrower, a joint venture between NDT Development, Place Projects, Wheelock Street Capital and BD Hotels. Upon completion, the first phase will feature 150,000 square feet of retail, restaurant and creative office space. Retail tenants at the development will include Van Leeuwen Ice Cream, H&H Bagels, Juliana’s Pizza, Loco Taqueria and Oyster Bar …

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DevelopmentNewsVirginia

Federal Realty to Renovate 228,000-Square-Foot Pan Am Shopping Center in Fairfax, Virginia

by Hayden Spiess

Fairfax, Va. — Federal Realty Investment Trust has announced plans to renovate Pan Am Shopping Center, a 228,000-square-foot retail center located in Fairfax. Scheduled to begin later this month, the project will include new paint, canopy ceiling and lighting, façade upgrades and the addition of two trellis features with new furniture, landscaping and signage. Federal Realty acquired the property, which was originally built in 1979, in 1993. Tenants at the center include Safeway, Microcenter, Michaels, Glory Days Grill, L’Image Beauty, Starbucks Coffee and CVS/pharmacy. 

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Plaza-de-Perris_Perris-Calif
CaliforniaDevelopmentFinanceNews

BWE Arranges $66.5 Million Financing for Plaza de Perris in Southern California

by Hayden Spiess

Perris, Calif. — BWE has arranged $66.5 million in construction financing for a new phase of development at Plaza de Perris, a retail center located in Perris. Upon completion, the property will span 363,582 square feet and feature a Target location. Wood Investments, the borrower and developer, purchased the center in 2017 and previously completed the addition of 118,000 square feet of retail space at the property in 2019 and 2020. Upon completion of construction, Target will join the center as a tenant. Other tenants at the center, which was 99 …

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DevelopmentFloridaInvestment salesMixed-useNews

Benderson Plans 52-Acre Mixed-Use Development in Venice, Florida

by Hayden Spiess

Venice, Fla. — Benderson Development has acquired a 51.5-acre parcel in Venice, Florida, with plans to develop a ground-up mixed-use project at the site. The property has been dubbed North River Marketplace during preliminary master planning. Benderson also owns the nearby retail properties Jacaranda Plaza and Cocoplum Village Shops. 

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The-Switchyard
ArizonaDevelopmentMixed-useNews

Creation to Break Ground on $120 Million The Switchyard Mixed-Use Development in Suburban Phoenix

by Hayden Spiess

Queen Creek, Ariz. — Development firm Creation is set to break ground on The Switchyard, a $120 million mixed-use development located at the northeast corner of Ellsworth and Ocotillo roads in the Phoenix suburb of Queen Creek.  Plans for the 10-acre project include the development of 54,000 square feet of restaurant, retail, residential and office space. The retail portion of the development will include a 3,800-square-foot Postino wine café and an 11,900-square-foot restaurant called The Porch, which will include an expansive outdoor patio.  Creation plans to break ground on the multi-phase …

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Panthers
DevelopmentNewsNorth Carolina

Carolina Panthers Propose $1.3 Billion in Renovations to Bank of America Stadium

by Hayden Spiess

Charlotte, N.C. — The NFL’s Carolina Panthers have unveiled plans for a renovation of its Bank of America Stadium in Charlotte totaling $1.3 billion.   Highlights of the renovation include a park-like setting and exterior video boards for watch parties at the stadium’s entrance. Once inside, fans would experience a new sound system, scoreboard and video boards. Plans call for social areas with skyline views, improved concessions with regional offerings and an expanded team store. Additional improvements include new seats installed throughout the bowl; improved accessibility throughout the facility; stadium safety and …

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Lake-Nona-West_Orlando-Fla
DevelopmentFloridaLeasingNews

Target to Open 150,000-Square-Foot Store at Lake Nona West in Orlando

by Hayden Spiess

Orlando, Fla. — Target will open a 150,000-square-foot store at Lake Nona West, marking the first anchor tenant at the 405,000-square-foot shopping center project in Orlando. Situated on 54 acres near the Brightline Station and Orlando International Airport, the development is scheduled for completion in fall 2025. Tavistock Development is the developer and landlord. 

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Nora-District_West-Palm-Beach-Fla
DevelopmentFloridaLeasingMixed-useNews

Four New Tenants Sign Leases at The Nora District in West Palm Beach, Florida

by Hayden Spiess

West Palm Beach, Fla. — Four new retail tenants have signed leases at The Nora District, a mixed-use development currently underway in West Palm Beach. Sana Skin Studio, Mint, The Spot Barbershop and Del Mar Mediterranean Restaurant will join the lineup at the property, the first phase of which is scheduled for completion in early 2025. Other retail concepts will include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, The Garret Group, Juliana’s Pizza, Celis Juice Bar and Café, Rumble and [solidcore]. NDT Development, Place Projects and Wheelock …

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DevelopmentEconomic DevelopmentEntertainmentFeaturesLearn from Industry LeadersMixed-useRestaurantsRetail InsightRetailersVideos

Moreno Valley: Hub for Growth and Opportunity

by Sarah Daniels

  Located in Southern California’s Inland Empire, Moreno Valley has emerged as a significant growth center and a friendly home to retail. As highlighted by Melissa McClain, head of marketing & business attraction for the city, the area’s robust development is driven by substantial job creation and strategic planning. “Truly the catalyst for the growth in Moreno Valley has been jobs. We’ve created more than 34,000 jobs in the last eleven years. And because of that, we now have more than 7,700 single-family and multifamily residential units that are either …

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Beaufort Station
DevelopmentLeasingNewsSouth Carolina

T.J. Maxx, HomeGoods Open at Beaufort Station Shopping Center in South Carolina

by Hayden Spiess

Beaufort, S.C. —T.J. Maxx and HomeGoods have opened stores at Beaufort Station, a 200,000-square-foot shopping center currently underway in Beaufort. Upon completion, the property, which is being developed by The Morgan Cos., will feature nine anchor and junior anchor stores, including Hobby Lobby, Ross Dress for Less, PetSmart, Ulta Beauty, Old Navy, Five Below and Rack Room Shoes. Other tenants at the center will include Aldi, Parker’s Kitchen, Panda Express, Chicken Salad Chick, Surcheros Fresh Mex, America’s Best and Mattress Firm. 

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