Willow Grove, Pa. — The second phase of construction for Tilted 10, an entertainment complex totaling 103,000 square feet, has been completed at Willow Grove Park Mall, a PREIT property located in Willow Grove. Tilted 10, a Nickles and Dimes Inc. concept, features bowling, games, golf courses, a shooting gallery, bumper car rink and laser tag arena. A full-service taco bar is also currently underway at the location.
Treasure Island, Fla. — Marcus & Millichap has arranged the $5.9 million sale of Treasure Island Plaza, a 20,000-square-foot retail strip center located in Treasure Island in metro Tampa Bay. Built in 1981, the property was leased to 11 tenants at the time of sale. The buyer, an investment firm based in Miami, plans to redevelop the one-acre parcel into a mixed-use building with 40 residences atop 10,000 square feet of retail space. Evan Cannan and Reid Thedford of Marcus & Millichap’s Tampa office brokered the transaction.
DeBary, Fla. — St. Petersburg-based Mosaic Development LLC has purchased 13.1 acres of land in DeBary, roughly 23 miles north of Orlando, for the development of the first phase of a mixed-use project to be located immediately north of the city’s SunRail station. Upon completion, the Main Street-style development will feature 500 apartment units, 40,000 square feet of retail space and a central park and community plaza. Construction on the project is scheduled to begin early next year. Mosaic purchased the land parcels, which are zoned as a transit-oriented development (TOD) district, …
Gilbert, Ariz. — The Town of Gilbert, a suburb southeast of Phoenix, has approved the zoning request for a 311-acre mixed-use development called The Ranch. Indicap, Colmena Group and Langley Properties are leading the project and estimate development costs of more than $1 billion. Upon completion, The Ranch will offer 221 acres of light industrial space, 39 acres of commercial space, 39 acres of multifamily space and 16 acres of public green space. The commercial space is expected to include restaurants, storage, convenience stores, office space, a fitness center, small grocer …
Hutto, Texas — EVO Entertainment Group has signed a 53,300-square-foot lease at Townwest Commons in Hutto, with plans to open a cinema, bowling and entertainment venue at the property in 2024. Nathan Nickerson of Common Ground represented the tenant in the leasing negotiations and secured an incentives package with the City of Hutto. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties, on an internal basis.
Nashville, Tenn. — The Cordish Cos. has revealed plans for Nashville Live!, an adaptive reuse of the historic George Jones building in Downtown Nashville. Upon completion, the property will offer 50,000 square feet of dining and entertainment space. Nashville Live! will feature a different concept on each of its five floors, including a DraftKings Sports & Social restaurant and bar, a flagship location for PBR Cowboy Bar and concert hall, an elevated rooftop venue, a 10,000-square-foot private event space with room to host up to 450 people, and an exclusive speakeasy …
Los Angeles — Cal-Coast Development Corp. and Rescore Property Corp. are underway on the development of The Rise Koreatown, a 688,000-square-foot mixed-use project located in the Koreatown neighborhood of Los Angeles. Upon completion, the property will feature 363 apartment units and 52,619 square feet of retail space. Nadel Architecture + Planning is the architect for the project, the first phase of which was recently completed.
Huntington Beach, Calif. — Six new tenants are set to open at Bella Terra, an 852,000-square-foot mixed-use development currently underway in Huntington Beach. The property is being developed by a partnership between DJM and PGIM. Philz Coffee is scheduled to open in July and Fogo de Chão will open in August, with Jan’s Health Bar and Snooze AM Eatery both set to open this fall. The Golf Bar will also open at the property this winter, and Sender One, an indoor climbing gym, will open next year. Additionally, Marila’s Mexican, previously …
San Diego — Fruit juice concept Sip Fresh has entered a three-unit franchise agreement with operator Kevin Tam for locations in metro San Diego. The deal includes the acquisition of an existing store located in the Westfield UTC Mall and plans for two additional locations in the area. Tam’s previous experience includes concepts Wetzel’s Pretzels and Sweetgreen, as well as other quick service restaurant brands and food trucks. Sip Fresh plans to sign 35 new franchise agreements by the end of the year.
Sandy Springs, Ga. — A partnership between CONNOLLY and Coro Realty has announced plans to reposition the retail portion of a 120,000-square-foot mixed-use development located in Sandy Springs, roughly 16 miles north of Atlanta. The partnership acquired the property in February 2022 for $40.5 million. Formerly known as Sandy Springs Gateway, the development will undergo capital improvements and be known as Chastain Market going forward. Improvements will include infrastructure improvements, increased connectivity among common areas and upgraded landscaping. New tenants will also join the property, with chef Kevin Maxey opening a …