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Disneyland-Christmas-Parade
CaliforniaDevelopmentEntertainmentNews

Disney Proposes $1.9 Billion Expansion of Disneyland Theme Park in Anaheim, California

by Hayden Spiess

Anaheim, Calif. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add …

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Sawyers-Walk_Miami
DevelopmentFloridaLeasingMixed-useNews

SG Holdings Completes Leasing at $350 Million Mixed-Use Development in Miami, Plans Summer Opening

by Hayden Spiess

Miami — SG Holdings has completed leasing at Sawyer’s Walk, a 3.4-acre mixed-use development underway in Miami’s Overtown neighborhood. The project, which will feature retail space, offices and affordable housing for seniors, is set to open this summer. SG Holdings is a partnership comprising Swerdlow Group, SJM Partners and Alben Duffie. The development team broke ground on Sawyer’s Walk in summer 2021. The development costs were not disclosed, but the Miami Herald reported the price tag hovers around $350 million. “The anticipated delivery of our mixed-use development will serve as an economic catalyst …

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Surprise
ArizonaDevelopmentMixed-useNews

GTIS Partners, Clyde Capital Plan $250 Million Asante Trails Mixed-Use Project in Surprise, Arizona

by Hayden Spiess

Surprise, Ariz. — A joint venture between GTIS Partners and Clyde Capital has released plans for Asante Trails, a $250 million mixed-use project in Surprise, a suburb of Phoenix. The development will feature a build-to-rent community, retail space and a medical facility, all of which will be built across 90 acres of land. In conjunction with the land acquisition, GTIS and Clyde sold 20 acres within the project site to HonorHealth, one of Arizona’s largest hospital systems, to develop the medical facility. Additionally, 45 acres will be allocated to a joint …

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DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

Lowes Foods to Anchor 50-Acre Platt Springs Crossing Mixed-Use Development in Lexington, South Carolina

by Hayden Spiess

Lexington, S.C.  — Lowes Foods has signed a lease to anchor Platt Springs Crossing, a 50-acre mixed-use development currently underway in Lexington. Lowes Foods will occupy 51,000 square feet. Other tenants will include Chipotle Mexican Grill, Tidal Wave Car Wash, Panda Express and Planet Fitness. An affiliate of NAI Columbia doing business as LLDC Platt Springs LF LLC is the developer of the project, which is scheduled to begin opening early next year. Ben Kelly and Patrick Chambers of NAI Columbia represented the landlord in the lease negotiations with Lowes Foods. …

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Slim-Chickens
DevelopmentKansasMissouriNewsRestaurants

Slim Chickens Signs 14-Unit Franchise Deal in Kansas and Missouri

by Hayden Spiess

Kansas and Missouri — Arkansas-based fast-casual brand Slim Chickens has signed a franchise deal for the development of 14 restaurants in Kansas and Missouri. Jeff McCoy of AP Restaurant Group, an established Slim Chickens franchisee with stores in Oklahoma and Kansas City, will own and operate the restaurants. Slim Chickens’ current footprint includes more than 250 locations in the U.S. and the U.K., with more than 1,200 restaurants in development. 

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CaliforniaCompany newsDevelopmentGeorgiaMarylandNewsPennsylvaniaTexas

IKEA to Open Four New-Format Stores in 2024

by Hayden Spiess

Conshohocken, Pa. — IKEA will open four stores featuring its new Plan & Order Point with Pick-Up format. Scheduled to open this year, the stores will be located in Austin, Texas, metro Atlanta and the greater Los Angeles area. Situated within Domain Shopping Center, the Austin store will open this summer and will mark the second IKEA location in the city. Plan & Order Points are “dedicated to kitchen, bedroom and living room projects,” according to the company’s website. The stores feature a smaller layout with no merchandise to be taken …

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cass-square
DevelopmentFloridaMixed-useNews

LD&D Plans $200 Million Cass Square Mixed-Use Project in Tampa, Florida

by Katie Sloan

Tampa, Fla. — LD&D, an investment, development and design firm headquartered in Miami, has unveiled plans for its $200 million Cass Square mixed-use project in downtown Tampa. LD&D plans to break ground on Phase I of the project, a luxury multifamily tower, this summer. The 28-story multifamily building will be called DoMo at Cass Square. The high-rise community will offer 360 units, as well as more than 45,000 square feet of amenities, a 586-space parking podium and 32,500 square feet of ground-floor retail. Planned amenities include a wellness area, 10,000 …

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Burger-King
Company newsDevelopmentInvestment salesNew YorkNewsRestaurants

Burger King Owner to Buy Largest Franchisee for $1 Billion

by Hayden Spiess

Toronto and Syracuse, N.Y. — Toronto-based Restaurant Brands International Inc. (RBI) has agreed to acquire Syracuse-based Carrols Restaurant Group Inc. for $1 billion. RBI (NYSE: QSR) owns the Burger King, Popeyes, Firehouse Subs and Tim Hortons brands. Carrols (NASDAQ: TAST) is the largest Burger King franchisee in the United States, operating 1,022 locations in 23 states. Burger King says the transaction is part of its “Reclaim the Flame” plan to accelerate sales growth and drive franchisee profitability. The transaction follows the brand’s initial $400 million investment announced in September 2022 to …

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RD1-Distillery_Commons_Lexington
DevelopmentKentuckyMixed-useNews

RD1 Spirts to Open 10,215-Square-Foot Distillery at The Commons in Lexington, Kentucky

by Hayden Spiess

Lexington, Ky. — RD1 Spirts has signed on to join as an anchor tenant at The Commons, a 40-acre mixed-use development in downtown Lexington. The locally based bourbon brand plans to invest $4.8 million to develop the two-story distillery spanning 10,215 square feet and including an entrance off Main Street. The venue will include outdoor seating on both levels, four private tasting rooms, a glass-enclosed research-and-development space for wood finishing for RD1’s bourbon barrels, VIP speakeasy tasting room, craft cocktail bar and a gift shop. RD1 plans to open the distillery …

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Buc-ee's
DevelopmentGeorgiaNews

Buc-ee’s to Develop 74,000-Square-Foot Travel Center in Brunswick, Georgia

by Hayden Spiess

Brunswick, Ga. — Buc-ee’s will develop a 74,000-square-foot travel center in Brunswick. Construction is scheduled to begin Jan. 29 with a groundbreaking. Upon completion, the property will feature 120 fueling stations, as well as a store offering snack, meal and drink options. Buc-ee’s currently operates 47 stores throughout Texas, Alabama, Florida, Georgia, Kentucky, South Carolina, Missouri and Tennessee. 

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