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DevelopmentGrocery-anchoredNewsTennessee

Sembler Completes Development of 75,000-Square-Foot Shopping Center in Metro Nashville

by Hayden Spiess

White House, Tenn. — The Sembler Co. has completed the development of White House Shops, a 75,000-square-foot shopping center located in White House, roughly 20 miles north of Nashville. A 48,387-square-foot Publix anchors the property, which was 88 percent leased at the time of opening. Other tenants at the center include Noire The Nail Bar, East Nashville Aesthetic Dentistry, Teriyaki Madness, Miso Bowl, Wingstop and The UPS Store. Woody Widenhofer of Colliers is managing leasing at the property.  

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DevelopmentMixed-useNewsTexas

StreetLevel Breaks Ground on 120-Acre Mixed-Use Development in Texas

by Hayden Spiess

Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …

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Jonathan Lapat SRS Retail Locations Quote from article
Content PartnersDevelopmentFeaturesFinanceIndustry ContentLeasingMallsPower centersRestaurantsRetailers

Restaurants Execute Expansion Plans with Measured Approaches

by Sarah Daniels

To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely …

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DevelopmentIllinoisMixed-useNews

PRCP, Synergy Break Ground on Mixed-Use Redevelopment of Yorktown Center Mall in Suburban Chicago

by Hayden Spiess

Lombard, Ill. — A joint venture between Pacific Retail Capital Partners (PRCP) and Synergy Construction Group has broken ground on the mixed-use redevelopment of Yorktown Center, an enclosed regional mall located in the Chicago suburb of Lombard.  The 1.2 million-square-foot mall opened its doors in October 1968. The 130-acre property is currently home to over 170 stores and restaurants, including anchors Von Maur and JCPenney.  The joint venture acquired a 217,887-square-foot anchor building at the site that was formerly occupied by Carson Pirie Scott in fall 2022. The property will be …

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DevelopmentGrocery-anchoredMixed-useNewsTennessee

GBT, Robinson Properties to Develop Mixed-Use Project in Metro Nashville

by Hayden Spiess

Mount Juliet, Tenn. — GBT Realty Corp. and Robinson Properties have announced plans for Everett Downs, a mixed-use development to be located in Mount Juliet, roughly 20 miles east of Nashville. GBT will develop the retail portion of the project, which will comprise a 41,255-square-foot retail center. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature approximately 18,000 square feet of small shop and outparcel space. Completion of the retail center, which is currently 75 percent preleased, is scheduled for October 2025. Robinson Properties will develop Phase …

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DevelopmentMixed-useNevadaNews

Nadel Architecture + Planning to Repurpose Oddie District in Northern Nevada

by Hayden Spiess

Sparks, Nev. — Nadel Architecture + Planning will lead a repurposing project at the Oddie District, a retail and community destination located in Sparks in northern Nevada. In addition to retail space, the property features an artist colony and local business incubator — dubbed The Generator — with office spaces. Nadel will demise a 178,000-square-foot space that currently houses a Lowe’s Home Improvement store and make enhancements to The Generator. Upon completion, the former Lowe’s site will be open for leasing by retail tenants. An entity doing business as Oddie District …

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DevelopmentFinanceGeorgiaMixed-useNews

Toro Development Obtains Construction Financing for $560 Million Medley Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. has obtained construction financing for Medley, a $560 million mixed-use project in the Atlanta suburb of Johns Creek. Toro plans to break ground on the 43-acre development in December, with the opening scheduled for late 2026. The financing includes an undisclosed amount of equity from private equity firm Ascentris, as well as a $158 million construction loan from Banco Inbursa. Upon completion, Medley will feature 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; …

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DevelopmentFloridaInvestment salesNews

PEBB, Banyan to Develop 14.2-Acre Retail Project in Port St. Lucie, Florida

by Hayden Spiess

Port St. Lucie, Fla. — PEBB Enterprises and Banyan Development have acquired a land parcel in Port St. Lucie, with plans to develop a 14.2-acre retail project at the site. Dubbed the Shoppes at Southern Grove, the retail center will be situated within the Tradition master-planned community. This marks the second retail development within Tradition for the joint venture, which acquired the 23-acre site from Mattamy Palm Beach LLC for $7.5 million. Upon completion, the project will feature additional outparcels available for ground lease ranging in size from 1 to 2.4 …

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DevelopmentLeasingMassachusettsNews

Simon Completes 130,000-Square-Foot Redevelopment Project at Burlington Mall in Boston Suburb

by Hayden Spiess

Burlington, Mass. — Simon has completed a 130,000-square-foot redevelopment at Burlington Mall, a retail property located in the Boston suburb of Burlington. The project included the addition of an outdoor park with green space and amenities; elevated wood elements and porcelain tile finishes throughout the center; and new seating and signage. Almost 50 retailers and eateries were also added during the redevelopment. The park features 30,000 square feet of space dedicated to wellness, beauty and dining for concepts including Sweetgreen, Sweathouz, All Eye Care Doctors, SkinMD and Caffe Nero. New tenants …

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DevelopmentEntertainmentLeasingMichiganMixed-useNews

Cosm to Anchor 1.5 Million-Square-Foot Development at Cadillac Square in Detroit 

by Hayden Spiess

Detroit — Immersive entertainment concept Cosm has signed on as the anchor tenant at Development at Cadillac Square, a 1.5 million-square-foot mixed-use project scheduled to break ground in Detroit in 2025. Cosm Detroit will feature an LED dome spanning roughly 90 feet with Shared Reality technology, offering experiential sports and entertainment programming. Content will include a production of Cirque du Soleil’s “O,” as well as immersive art experiences from members of the Cosm Studios Creator Program. The venue, designed by architecture firm Rosetti, will also feature a food-and-beverage element, with gastropub-style …

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