Silver Spring, Md. — MCB Real Estate has unveiled plans to develop VIVA White Oak, a 280-acre mixed-use project anchored by healthcare space in Silver Spring, approximately six miles north of downtown Washington, D.C. Plans call for 3 million square feet of lab, office, research and medical space; 525,000 square feet of retail; 3,000 square feet of hotel space; 75,000 square feet of senior living; 4,500 private residences; and 85 acres of open space. MCB is currently working with stakeholders and public officials to refine the specifics, but the healthcare component …
Development
Wilmette, Ill. — Wayfair has opened a 150,000-square-foot store at Edens Plaza in the Chicago suburb of Wilmette. Situated within a space formerly occupied by the Carson Pirie Scott department store, this marks the first brick-and-mortar store for the digitally native home-merchandise brand. In addition to furniture, home décor, housewares, appliances and home improvement products, the store features a restaurant, dubbed The Porch. JT Magen served as the construction manager for the property renovation, which included an exterior expansion of 110,000 square feet to include a plaza, new parking lot, landscaping …
Goose Creek, S.C. — CBRE has secured a $30.9 million loan for the construction of The Marketplace at Carnes Crossroads, a shopping center currently underway in Goose Creek, roughly 15 miles outside Charleston. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the financing on behalf of the borrower, Columbia Properties, through a regional bank. Worthen Development is a partner in the project. Publix will anchor the center, which will comprise 82,622 square feet across three buildings and nine land parcels situated on 24.5 acres. Site work for …
Silver Spring, Md. — Six new food-and-beverage concepts have signed leases to join Commas, a 13,000-square-foot food hall currently underway at Ellsworth Place shopping center in Silver Spring. 6 Skewers, The Champs Kitchen, Claude Have Mercy, Momo Hub, Nim Ali and Café Antigua by Nim Ali will join the food hall, which will feature 11 total stalls. Openings are scheduled to begin this summer. GBT Realty Corp. owns and operates Ellsworth Place, which totals 350,000 square feet.
Las Vegas — Kindred Concepts (F1 Arcade) has announced plans for a 21,000-square-foot F1 Arcade at The Forum Shops at Caesars Palace in Las Vegas. Scheduled to open in 2025, the venue will feature racing simulators, games, viewing screens, a 41-foot bar and a 3,550-square-foot private room. Simon is the property owner and landlord.
Fort Lauderdale, Fla. — A joint venture between BH Group, PEBB Enterprises and Related Group is set to begin the mixed-use redevelopment of The Quay shopping center in the Harbordale neighborhood of Fort Lauderdale. The joint venture recently acquired the 73,000-square-foot center for $48.5 million. Located at 1515 SE 17th St., the property currently features restaurants, retail space, a marina and a two-story office building. Redevelopment plans for the seven-acre site include the addition of up to 361 residential units and 12,000 square feet of retail and restaurant space. The existing …
Kill Devil Hills, N.C. — Wawa Inc. has opened its first gas station and convenience store in the state of North Carolina. Located in Kill Devil Hills, the store is the first of 10 Wawa locations scheduled to open in the state by the end of 2024. Stores will be located in Rocky Mount, Elizabeth City, Greenville, Wilson and Goldsboro. Additionally, Wawa plans to open up to 11 stores in 2025, in counties including Robeson, Pitt, Cumberland, Onslow, Johnston, Nash, Pender, Brunswick and New Hanover. Over the next eight to 10 …
Houston — Simon Property Group will renovate Houston’s Galleria Mall, a 2.4 million-square-foot shopping, dining and entertainment destination. The owner-operator will upgrade various interior and exterior entrances to feature sleek entryways, contemporary LED lighting and ceiling enhancements. Plans also include 155,000 square feet of modern new flooring throughout the property. Renovations will begin this summer and are expected to be complete by early 2025. Simon has invested several hundred million dollars in the Galleria Mall over the course of its ownership, with the most recent redevelopment completed in 2017.
San Diego — Simon has announced plans for the development of a new mixed-use project at its Fashion Valley shopping center in San Diego. Upon completion, the redevelopment project will add 100,000 square feet of new retail space to the center, as well as new restaurants and an 850-unit AMLI branded apartment community. Construction is scheduled to begin in late 2025, with completion anticipated in late 2026. Fashion Valley recently underwent a multimillion-dollar capital improvement program and added brands Dior, Bottega Veneta, David Yurman and Dolce & Gabbana. New tenants Celine, …
Chubbuck, Idaho — SimonCRE has acquired Pine Ridge Mall in Chubbuck, with plans to redevelop the 2.6 million-square-foot property into an open-air shopping center. Tenants at the mall include Hobby Lobby and Planet Fitness, which will retain their current spaces. Additionally, the developer has executed leases with Buckle, Shoe Show and Deseret Books. Redevelopment plans at the property, which is situated on 58 acres, include the addition of multiple outparcels.