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Development

X-Golf_Frederick-Md
DevelopmentEntertainmentLeasingMarylandNews

X-Golf to Open 13,414-Square-Foot Entertainment Venue in Frederick, Maryland

by Hayden Spiess

Frederick, Md. — X-Golf America will open a 13,414-square-foot entertainment venue in Frederick, marking the company’s largest location to date. Situated within the 200,000-square-foot Westview Promenade, the store is scheduled to open this month. In addition to eight indoor golf simulators, the venue will feature full-service sports bar and restaurant. Ashley Zito and Danielle Bridge represented the landlord, Hill Management Services, in the lease transaction on an internal basis. Franchisees Jillian and Matthew Louden will own and operate the facility. X-Golf America’s portfolio currently includes more than 80 stores across 36 …

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Smalls-Sliders
Company newsDevelopmentLeasingNewsRestaurantsTexas

Smalls Sliders to Open Five Restaurants in Metro Dallas

by Hayden Spiess

Dallas — Cheeseburger concept Smalls Sliders has signed an agreement with hospitality group Om Texas to open five restaurants, dubbed “Cans,” in metro Dallas. This marks the second multi-unit franchise deal in the city for the brand. Potential locations include Mesquite, Garland, Rockwall, Greenville, Murphy, Rowlett and Richardson, with the first store scheduled to open in the fourth quarter of 2024. Smalls Sliders opened its first Can in 2019 and currently has more than 160 restaurants open or under development.

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Sprouts-Shops-at-Brick-and-Mortar_Kyle-Texas
DevelopmentGrocery-anchoredNewsTexas

GBT to Develop 42,000-Square-Foot Grocery-Anchored Shopping Center in Texas

by Hayden Spiess

Kyle, Texas — GBT Realty Corp. has announced plans for the development of a 42,000-square-foot shopping center in Kyle, approximately 20 miles outside Austin. A 23,250-square-foot Sprouts Farmers Market will anchor the property, which will be situated within the 2,200-acre Plum Creek master-planned community. Dubbed Shops at The Brick and Mortar District, the center will include an additional 18,500 square feet across three buildings. GBT acquired the five-acre development site in 2023 for $3.2 million and is currently underway on site work. Vertical construction is scheduled to begin this quarter, and …

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AlabamaDevelopmentNews

Food City Affiliate Buys Land in Huntsville, Alabama, Plans New Grocery Store

by Hayden Spiess

Huntsville, Ala. — Marathon Realty Corp., an affiliate of grocer Food City, has purchased two acres in Huntsville from The Beach Co. The site is located between The Foundry, The Range and Stovehouse along Governors Drive and will be connected to the developments via a 10-foot-wide pedestrian sidewalk. A real estate subsidiary of Food City parent company K-VA-T Food Stores Inc., Marathon Realty plans to break ground on the new store next quarter, with the opening scheduled for early 2025. Last year Marathon Realty entered into a development agreement with the …

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Grove-Central_Miami
DevelopmentFloridaMixed-useNews

Terra, Grass River Property Complete Grove Central Mixed-Use Development in Miami

by Hayden Spiess

Miami — Terra and Grass River Property, two Miami-based development firms, have completed construction of Grove Central, a transit-oriented, mixed-use development in Miami’s Coconut Grove neighborhood. The property comprises a 23-story apartment tower, 1,250-space public parking garage and 170,000 square feet of retail space leased to tenants including Target and Sprouts Farmers Market. Grove Central is a public-private partnership between the co-developers and Miami-Dade County, which owns the land. The development is located at the intersection of US Highway 1 and SW 27th Avenue and connects to the adjacent Coconut Grove …

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Naperville-Ill-rendering
DevelopmentGrocery-anchoredIllinoisNews

NewQuest Asia-Pacific Retail to Redevelop 140,892-Square-Foot Shopping Center in Naperville, Illinois

by Hayden Spiess

Naperville, Ill. — NewQuest Asia-Pacific Retail is scheduled to break ground in February on the redevelopment of a former Dominick’s-anchored shopping center in Naperville. The Houston-based developer acquired the 140,892-square-foot property eight months ago in an off-market transaction. The 27-year-old center is 35 percent leased. NewQuest Asia-Pacific Retail specializes in development opportunities in markets with Asian-dense populations. The developer plans to reposition the Naperville shopping center with an Asian focus and incorporate green spaces. To date, roughly 62,000 square feet of leases are in various stages of negotiations, including a commitment …

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UCLA-Research-Park
CaliforniaDevelopmentInvestment salesNews

UCLA Acquires Former Westside Pavilion Mall in Los Angeles for $700 Million, Unveils Plans for Research Park

by Hayden Spiess

Los Angeles — The University of California, Los Angeles (UCLA) has acquired One Westside and Westside Two, located two miles from its Westwood campus in Los Angeles. A joint venture between Hudson Pacific Properties (NYSE: HPP) and Macerich (NYSE: MAC) sold the assets for $700 million.  The 700,000-square-foot property — located at 10800, 10830 and 10850 W. Pico Blvd.— was formerly occupied by Westside Pavilion mall, a city landmark that served as the backdrop for a number of movies and television shows since its opening in 1985. Hudson Pacific and Macerich …

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Topgolf-Greensboro
DevelopmentEntertainmentNewsNorth Carolina

Topgolf Breaks Ground on Two-Level Venue in Greensboro, North Carolina

by Hayden Spiess

Greensboro, N.C. — Topgolf has broken ground on a new, two-level venue located in Greensboro. Upon completion, the site will comprise 72 outdoor climate-controlled hitting bays, with each bay featuring lounge furniture or high-top tables. Additionally, the venue will include a full-service restaurant, private event rooms and an outdoor area with yard games. The opening is scheduled for late 2024. 

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Burlington-Mall_Burlington-N.J
DevelopmentMixed-useNew JerseyNews

Moonbeam Redevelops 680,000-Square-Foot Burlington Center Mall in New Jersey

by Hayden Spiess

Burlington, N.J. — Moonbeam Capital is nearing completion on the first phase of the redevelopment of Burlington Center Mall, a 680,000-square-foot formerly vacant enclosed mall property located in Burlington. Moonbeam acquired the mall in 2012 and has repositioned the property as The Crossings, a 370-acre mixed-use development. Phase 1 features roughly 100,000 square feet of retail and restaurant space. Tenants include Raising Cane’s, Sleep Number, Panera Bread, Freddy’s Frozen Custard & Steakburgers and Discount Tire. Plans for Phase II include potential medical office, hotel and fitness space. 

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Valley-Grove_Pleasant-Grove-Utah
DevelopmentLeasingMixed-useNewsUtah

Three Tenants Sign Leases Totaling 5,221 Square Feet at Valley Grove in Utah

by Hayden Spiess

Pleasant Grove, Utah — Three new tenants have signed leases totaling 5,221 square feet at Valley Grove, a 130-acre mixed-use development currently underway in Pleasant Grove. MilkShake Factory, Shamrock Coffee and Club Pilates are scheduled to open at the property next year. Other retail tenants at the development — which also features office, residential space and hotel space — include AT&T, Café Rio, Da Cloud Boba Shoppe, Jersey Mike’s Subs, Kolache Krave, R&R BBQ, Starbucks Coffee, Slim Chickens, Verizon and Village Baker. Upon full buildout, the project cost is expected to …

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