Development

The_Marketplace_Redlands

Redlands, Calif. — Redlands City Council has granted approval for the development of The Marketplace, a planned 71,900-square-foot grocery-anchored retail center located in the Inland Empire city of Redlands. Regency Centers will develop and KTGY will design the center. Anchored by a 36,000-square-foot Whole Foods Market, the project will feature four retail buildings with the capacity to be divided into 18 storefronts. In addition, a fifth pad building is planned to include a drive-thru with its own dedicated parking lot. Construction is expected to begin in late 2026, with completion …

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Irvine, Calif. — Xponential Fitness has signed a multi-unit franchise deal with Riser Fitness to develop 127 new Club Pilates studios over the next five years. Riser Fitness has also obtained the rights to develop all remaining, non-contracted studio locations in six states, including California, Idaho, Minnesota, Nevada, Oregon and Washington. Riser Fitness, a family-owned operator, maintains more than 110 studios across eight states with a growing international footprint. Most recently, the company debuted its first Club Pilates studio in Mexico City and will begin a 40-unit development plan alongside planned …

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New-Braunfels-Town-Center-at-Creekside

New Braunfels, Texas — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, roughly 30 miles northeast of San Antonio. The expansion of New Braunfels Town Center at Creekside, which is part of the 400-acre Creekside Town Center master-planned development, involves construction of new single-tenant buildings for EöS Fitness, Chick-fil-A, Portillo’s and Chase Bank. The project will also feature a roughly 10,000-square-foot multi-tenant building that is fully preleased to Chipotle Mexican Grill, CAVA, Potbelly, Blo Dry Bar and Menchie’s Frozen …

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Lafayette, Ind. — Broken Yolk Café, an American restaurant chain specializing in breakfast, brunch and lunch, has signed a franchise agreement to develop two new restaurants in Lafayette, about 60 miles south of Indianapolis. Marc Clapper, who maintains two Freddy’s Frozen Custard & Steakburgers locations, will own and operate the restaurants. The first Broken Yolk Café location is expected to debut in the Midwest this fall. In addition to development agreements in Indiana, the San Diego-based brand has also opened multiple restaurants in Idaho, Nevada, Arizona and Texas, totaling 42 …

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Phoenix — Denver-based development firm Aardex has completed the renovation of One West Madison, a historic adaptive reuse project located in downtown Phoenix. The 27,000-square-foot building has been transformed into move-in ready retail space. Constructed more than a century ago, One West Madison was acquired by Aardex in 2022. The development includes approximately 13,500 square feet of ground floor retail space, along with an activated basement level. The basement level will introduce The Vault on Madison, a climate-controlled self-storage concept, which is anticipated to open May 1. Additional basement space remains …

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Phoenix — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop 15 new units — dubbed Cans — in Phoenix. Entrepreneurs Talha and Rehman Ahmed, alongside their three business partners, will own and operate the restaurants. The group now maintains a portfolio of 20 Cans, with the first of their locations expected to open in Tucson, Arizona, later this year. In addition to development agreements in Arizona, the group is also debuting Cans in Las Vegas; El Paso, Texas; and Midland/Odessa, Texas.  Founded in 2019, Smalls Sliders currently …

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Parkside_on_Dresden_Cafe

Brookhaven, Ga. — Connolly, an Atlanta-based real estate developer and investor, has completed Parkside on Dresden, a $70 million mixed-use community located in Brookhaven, a northeast suburb of Atlanta. Situated on a 4-acre site, Parkside on Dresden includes 176 luxury apartments, seven townhomes, a six-level parking deck and 28,000 square feet of ground-level retail that is fully leased. Tenants include F45 Training Brookhaven, Balanced Aesthetics Medspa, Brookhaven Dance, Café Vendôme, CleanJuice Brookhaven, Confab Kitchen and Bar, El Valle, Greene’s Fine Foods, Honeysuckle Gelato, MIRAE, Stretch Lab and Sugarcoat Beauty. One 3,751-square-foot …

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Daves_Hot_Chicken_Fairfax

Pasadena, Calif. — Dave’s Hot Chicken opened eight new restaurants on April 16, expanding its footprint to more than 400 locations worldwide. The fast-casual concept, which originated in Los Angeles, is bringing its Nashville-style hot chicken to multiple markets, including Fairlawn, Ohio; Oneonta, New York; Edina, Minnesota; Gastonia, North Carolina; Arlington Heights, Illinois; Miami; Saratoga, Utah; and Waterford, Connecticut. Founded in 2017, Dave’s Hot Chicken has sold the rights to more than 1,020 franchise locations in the U.S., Europe, the Middle East and Canada, and will open 70-plus locations this year.

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spice-and-tea-exchange

St. Augustine, Fla. — St. Augustine, Florida-based specialty retail brand The Spice & Tea Exchange has signed a franchise agreement to open seven new stores across Oklahoma and Virginia. The newly signed agreements include one unit in Guthrie, Oklahoma; two, three-unit development deals in Fredericksburg, Charlottesville and Roanoke, Virginia; and Lexington, plus two additional territories to be announced. These deals build upon the brand’s existing footprint in Sulphur, Oklahoma, and Richmond and Williamsburg, Virginia. Development timelines and projected opening dates for the new locations will be released in the coming …

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Walmart

Bentonville, Ark. — Walmart Inc. has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027.  Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood …

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