Development

Katz's-Deli
DevelopmentLeasingNewsRestaurantsTexas

Katz’s Deli Signs 6,300-Square-Foot Lease in Houston

by Hayden Spiess

Houston — Katz’s Deli, a 24-hour restaurant concept, has signed a 6,300-square-foot lease in Houston. Construction on the new restaurant, which will be situated within the Memorial City mixed-use development, is scheduled to begin in early 2025. Delivery of the development is expected by early 2026. MetroNational owns and manages Memorial City. Larry Plotsky of the Plotsky Group and Meredith Cullen of Cushman & Wakefield represented the tenant in the lease negotiations, and Danna Diamond represented MetroNational on an internal basis. This marks the fifth location in the Houston market for …

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Mixed-Use-Project_Dallas
DevelopmentMixed-useNewsTexas

Balfour Beatty Breaks Ground on $95 Million Mixed-Use Project in Dallas

by Hayden Spiess

Dallas — Balfour Beatty has broken ground on a $95 million mixed-use project in Dallas. Balfour Beatty is constructing the project on behalf of the owners and developers, Acadia Realty Trust and Ignite-Rebees. Upon completion, which is scheduled for fall 2026, the development will total 161,00 square feet. Architecture firm GFF designed the property, which will feature 12,000 square feet of restaurant space and 75,000 square feet of retail space, as well as 74,000 square feet of office space and 500 parking spaces. 

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South-Tempe-Square_Tempe-Ariz
ArizonaDevelopmentNews

Thompson Thrift to Develop 27,119-Square-Foot Retail Center Near Phoenix

by Hayden Spiess

Tempe, Ariz. — Thompson Thrift has announced plans to develop South Tempe Square, a 27,119-square-foot retail center, roughly 10 miles outside Phoenix in Tempe. The developer purchased a 3.7-acre site for the project and is scheduled to break ground in the first quarter of 2025. Upon completion, which is scheduled for early 2026, the center will feature four buildings ranging in size from 4,500 to 9,753 square feet. 

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DevelopmentGrocery-anchoredNewsTexas

GBT Realty Underway on 50,632-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess

Burleson, Texas — GBT Realty Corp. is underway on the development of Burleson Commons, a 50,632-square-foot shopping center in Burleson, approximately 15 miles south of Fort Worth. GBT acquired the six-acre land parcel for the project for $2.3 million from Orscheln Farm and Home in August. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature a 9,000-square-foot Five Below and an additional 8,000 square feet of small shop space. Completion of the development is scheduled for June 2025, with Sprouts scheduled to open that July. BRR Architecture …

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West-Falls_Falls-Church
DevelopmentLeasingMixed-useNewsVirginia

Two Tenants Sign Leases at West Falls Mixed-Use Development in Northern Virginia

by Hayden Spiess

Falls Church, Va. — Two new tenants are set to join West Falls, a 10-acre mixed-use development currently underway by Hoffman & Associates in Falls Church. Upon completion, the development will span 1.2 million square feet. The new tenants, Dok Khao Thai Eatery and a Chase Bank branch, are scheduled to open at the project next August and next April, respectively. West Falls will feature more than 120,000 square feet of shops and restaurants, as well as The Alder apartments, The Reserve at Falls Church seniors housing community, a Home2 Suites …

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Queen-Ka'ahumanu-Center_Maui-Hawaii
DevelopmentHawaiiMixed-useNews

PRCP Receives Rezoning Approval for Queen Ka’ahumanu Center in Maui

by Hayden Spiess

Maui, Hawaii — Pacific Retail Capital Partners (PRCP) has received approval from the Maui County Council for its rezoning application for Queen Ka’ahumanu Center, which was submitted on behalf of the property ownership. PRCP is the property manager for the shopping center, which totals 570,000 square feet of gross leasable space. PRCP submitted the rezoning application in conjunction with LNR, the CMBS special service for the ownership. The undisclosed owners plan to transform the property into a mixed-use development. 

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DevelopmentMixed-useNew YorkNews

City of New Rochelle in New York Unveils Downtown Retail Strategy 

by Hayden Spiess

New Rochelle, N.Y. — The City of New Rochelle has unveiled new plans to advance retail, marking the latest phase in the mixed-use transformation of the city’s downtown. Redevelopment efforts are currently underway and have included $2.2 billion in private investment. The project, dubbed the Downtown Retail Strategy, will include the creation of Vanguard shopping district. The new strategy also includes a tenant improvement program that will provide $2.3 million in grants, as well as plans for streetscape beautification and safety improvements, retail enhancements through pop-ups and storefront revitalizations and the …

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Metrocenter
ArizonaDevelopmentFinanceMixed-useNews

Concord Summit Secures $24.5 Million Construction Financing for Mall Redevelopment in Phoenix

by Hayden Spiess

Phoenix — Concord Summit Capital has secured a $24.5 million construction loan to finance the redevelopment of Metrocenter, a mall located in Phoenix. Situated on 64 acres, the property will be transformed into a mixed-use development featuring 112,000 square foot of retail space, as well as 1,218 residential townhome units. Kevin O’Grady, Daniel Eidson and Ben Applebaum of Concord Summit arranged the financing on behalf of the developers, Concord Wilshire and TLG Investment Partners. Horizontal construction on the project is scheduled to begin during the fourth quarter of 2024, with vertical …

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Cobb Galleria Centre
DevelopmentGeorgiaNews

Development Team Plans Renovation, Expansion of Cobb Galleria Centre in Atlanta

by Hayden Spiess

Atlanta — The Cobb-Marietta Coliseum and Exhibit Hall Authority, owner and operator of the Cobb Galleria Centre in Atlanta, has selected a team of locally based firms to manage the expansion and renovation of the convention center. Impact Development Management will serve as the authority’s representative and project manager for the overhaul, Rule Joy Trammell + Rubio will serve as the project architect and Holder Construction will be the construction manager. The development team plans to break ground on the project in fall 2025, with completion scheduled for early 2027. The …

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Latta-Park_Durham_Publix
DevelopmentGrocery-anchoredMixed-useNewsNorth Carolina

Crosland Southeast Breaks Ground on Publix-Anchored First Phase of Mixed-Use Project in Durham, North Carolina

by Hayden Spiess

Durham, N.C. — Crosland Southeast has broken ground on Latta Park, a mixed-use project located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of additional retail space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates will oversee retail leasing at Latta Park, which is scheduled for a spring 2026 completion. The developer is investing $2 million in …

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