Friendswood and Katy, Texas — Graycor Construction has completed the renovation of two DICK’S House of Sport stores in Texas. Located in Friendswood and Katy, the spaces comprise roughly 100,000 square feet each and feature a climbing wall, multisport cage and golf simulation. Fox Design was the architect for both projects, which included both interior and exterior updates.
Yardley, Pa. — Wegmans will open an 88,000-square-foot store in Yardley early next year. Situated within the Prickett Preserve development, the store is expected to employ more than 400 people. Wegmans was established in 1916 and currently operates 109 stores in seven states. The brand is also scheduled to open a store in Lake Grove, New York, next year.
The three managing principals at Irvine, Calif.-based Faris Lee Investments — Shaun Riley, Jeff Conover and Don MacLellan — see retail as the best investment class today. The reason? Strong fundamentals across the board, including low vacancy rates, minimal new construction and strong tenant sales. The trio live in the same world as the rest of us, where interest rates and economic uncertainty have deterred many, but to them, the fact remains that retail has never been stronger as an asset class. “People say it’s a bad market. It’s not …
Charlotte and Harrisburg, N.C. — MPV Properties has announced the addition of new tenants and buildings at Farmington, the developer’s master-planned community in Charlotte and Harrisburg. Chick-fil-A opened at the property in May, and Famous Toastery is planning to open in the second half of 2024, within an outparcel behind the development’s Shop Building I. H.T. Fuel will also open on an outparcel, with construction scheduled to begin directly behind Chick-fil-A in the coming months. Construction is also scheduled to begin on Small Shops II, an 11,865-square-foot retail building. MPV is …
Lecanto, Fla. — The Ferber Co. is underway on the development of a 29-acre retail center in Lecanto. Site work for the property, dubbed The Shoppes at Black Diamond, began in October 2022. Building construction is scheduled to commence over the coming weeks, with openings expected to begin in early 2024. Tenants at the center will include Target Supercenter, Aldi, Starbucks Coffee, 7-Eleven, Panera Bread and Texas Roadhouse.
Tomball, Texas — NewQuest Properties is underway on the development of a $90 million retail center in Tomball, roughly 35 miles outside Houston. Dubbed The Grand at 249, the property will total 404,256 square feet upon completion, including two multi-tenant buildings and 12 pad sites. Tenants at the center will include AT&T, Boomer Jack’s, Gringo’s, Jersey Mike’s, Milano Nails and Two Pho Nine Asian Fusion. Andrew Alvis and Davis Meyers are handling leasing at the development. Openings at the project are scheduled to begin this month.
Byron, Ga. — Halpern Enterprises Inc. has completed the development of a 2,600-square-foot build-to-suit property in Byron. Starbucks Coffee will occupy the freestanding building on a 10-year net lease. Brad Oppenheimer, Caleb Adams and Cary Halpern of Halpern Enterprises led the project.
Plano, Texas — Triten Real Estate Partners has completed the office and retail portions of Assembly Park, the redevelopment of Market Square Mall in Plano. Located along Central Expressway and Spring Creek Parkway, the project features 180,000 square feet of creative office space, 17,000 square feet of walkable retail and dining space, a park and hiking and biking trails. Additionally, Triten is set to complete The Annabel, Assembly Park’s multifamily development, in December. The Class A apartment community features one, two- and three-bedroom units with rentable garages and storage units. …
Doral, Fla. — Terra has completed the construction of Doral Atrium, a 78,000-square-foot retail center located in Doral, roughly 16 miles outside Miami. Tenants at the property, which is currently 65 percent leased, include TREMBLE Pilates Studio, PNC Bank, Bonchon Chicken, UMARA, Sushi Mas and The Good Feet Store. RSP Architects designed the development.
Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township. Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center. A Whole Foods …
