Henderson, Nev. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that features landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to …
Development
Diversified Partners to Open 75,000-Square-Foot Entertainment Anchor at Mixed-Use Development in Metro Phoenix
Phoenix — Scottsdale-based Diversified Partners has signed The Rush Funplex, a 75,000-square-foot indoor family entertainment center, to anchor its new 14-acre mixed-use development located in the Phoenix neighborhood of Laveen. Construction is expected to begin by early 2026, with a grand opening scheduled for December 2026. Developed by Diversified Partners and designed by RKAA Architects, the facility will feature go-karts, bowling, a rock-climbing wall with a foam pit, laser tag, mini-golf, arcade, bumper cars, kiddie cars, private party rooms and a café. Additional tenants that will join The Rush Funplex include …
Evergreen Devco Completes Construction of Multi-Tenant Retail Buildings at Silverstone Marketplace in Frederick, Colorado
Frederick, Colo. — Evergreen Devco has completed construction of site infrastructure and two multi-tenant retail buildings at Silverstone Marketplace, a 35-acre shopping center located in Frederick. A 123,000-square-foot King Soopers Marketplace, which features a French bakery, fuel station and drive-thru pharmacy, anchors the project. The small shop buildings, which comprise 20,000 square feet of retail space, are 93 percent leased to tenants including Wingstop, Club Pilates, Domino’s Pizza, Cold Stone Creamery, Great Clips, Blue Sky Nails & Lash, Five Guys, Pacific Dental and Chipotle. Chase Bank, Wendy’s and Valvoline will occupy pad …
Grossman Development Signs Eight New Tenants to Join Gallatin Valley Mall Redevelopment Project in Bozeman, Montana
Bozeman, Mont. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell. The mixed-use project’s 45,000-square-foot Medical Pavilion, which houses Intermountain Health, Ortho Montana and Gallatin Valley Surgery Center, opened in August 2024, while High Street, an outdoor retail experience, is set to open in summer 2025. Other tenants at the property …
Staenberg Group Begins 4.5 Million-Square-Foot Redevelopment of Chesterfield Mall in Suburban St. Louis
Chesterfield, Mo. — The Staenberg Group is underway with the first phase of redevelopment for the former Chesterfield Mall located in the western St. Louis suburb of Chesterfield. The site of the former mall will be transformed into a 4.5 million-square-foot mixed-use project. Demolition of the mall, excluding the Dillard’s and Macy’s buildings, was completed in April 2025. Phase I of the redevelopment, which will be called Downtown Chesterfied, is expected to take up to 18 months. Upon completion of the development, Downtown Chesterfield will feature up to 2,363 residential …
Carmel, Ind. — Skender Construction has broken ground on Ardalan Plaza, a $19 million development that will serve as a gateway to the city of Carmel’s Arts & Design District. The property will comprise 8,000 square feet of retail and gallery space on the first floor, five luxury condominiums on the second floor and a private residence with a rooftop terrace spanning the third floor. Designed in the manner of an Italian villa, the project is a collaboration between the Carmel Redevelopment Commission and the Ardalan family. The project team …
Miami — Los Angeles-based investment firm CIM Group and its development partners have officially opened Miami Worldcenter, a $6 billion mixed-use development in downtown Miami. CIM Group partnered on the project with Miami Worldcenter Associates, a development entity founded by Art Falcone and Nitin Motwani. The development spans 27 acres across 10 city blocks in the city’s Park West neighborhood and has generated nearly 9,000 jobs over the course of its construction and operation. The site formerly housed blighted properties and surface parking lots. The Miami Worldcenter master plan includes approximately …
Creation, Crescent Break Ground on Heritage Park Mixed-Use Development in Downtown Gilbert, Arizona
Gilbert, Ariz. — A partnership between two developers, Creation and Crescent Communities, has broken ground on the first phase of Heritage Park, a mixed-use development that will occupy a full city block in downtown Gilbert. The project will function as the northern gateway of Heritage District, which at full build-out will revitalize 10 acres in the East Valley of the metropolitan Phoenix area. Phase I of Heritage Park will feature 47,000 square feet of shops and restaurants, the 288-unit NOVEL Heritage Park apartments, a public square with water features and more …
San Tan Valley, Ariz. — A joint venture between Pennant Development and REALM LP has acquired a 31-acre land parcel in San Tan Valley, roughly 47 miles southeast of Phoenix, for $10 million, with plans to develop a retail center at the site. Upon completion, Skyline Ranch Marketplace will total 225,000 square feet. The seller, WinCo Foods, originally acquired the parcel from Miller Global in 2023 and has retained 10 acres of the site for the construction of a new WinCo Foods store, which is currently underway. Ed Beeh, Chuck …
Codina Partners Receives $38.8 Million Construction Financing for Third Phase of Downtown Doral in Metro Miami
Doral, Fla. — Codina Partners has received a $38.8 million construction loan for the third phase of Downtown Doral, a 250-acre mixed-use development located roughly twelve miles west of Miami in Doral. Ocean Bank provided the loan. The third phase of the project will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors. UHealth – University of Miami Health System has leased 11,243 square feet on the north end of the development for UHealth Way, which will offer comprehensive …