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Sip-Fresh
CaliforniaDevelopmentInvestment salesNewsRestaurants

Sip Fresh Signs Franchise Deal for Three Locations in Metro San Diego

by Hayden Spiess

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. 

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Chastain-Market_Sandy-Springs
DevelopmentGeorgiaLeasingMixed-useNews

CONNOLLY, Coro to Reposition 120,000-Square-Foot Mixed-Use Development in Metro Atlanta

by Hayden Spiess

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 …

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ISLAND Waterpark NJ
DevelopmentEntertainmentNew JerseyNews

Tower Investments Opens 120,000-Square-Foot Waterpark in Atlantic City

by Hayden Spiess

Atlantic City, N.J. — Tower Investments has developed ISLAND Waterpark, a 120,000-square-foot waterpark located at The Showboat Resort in Atlantic City. Scheduled to open June 30, the property features 11 slides, a surf simulator, man-made waterfall, rollercoaster, zipline course, treehouse, water sports pool, play area for children and a lazy river. Additionally, the waterpark includes six bars and a 10,000-square-foot adults-only space. 

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Rivian_Brooklyn
DevelopmentLeasingNew YorkNews

Rivian Opens 5,000-Square-Foot Experiential Retail Center in New York City

by Hayden Spiess

New York City — Automaker Rivian has opened a 5,000-square-foot store in New York City’s Meatpacking district, marking the most recent location for its “Spaces” lineup, a collection of temporary and permanent experiential retail centers. Featuring a floor-to-ceiling glass storefront, the space will showcase the company’s flagship vehicles and offer product education and community programming. Rivian plans to introduce more Spaces stores throughout this year and 2024, with upcoming locations including Brooklyn, New York; Laguna Beach, California; and a 10,000-square-foot site in Austin, Texas.

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200 Peachtree St
DevelopmentGeorgiaNewsRestaurants

200 Peachtree Underway on Two Restaurant Developments in Atlanta

by Hayden Spiess

Atlanta — Hospitality group 200 Peachtree is underway on the development of two restaurants located at 200 Peachtree Street in downtown Atlanta. SKOL Brewing Co., a craft brewery, will comprise 5,000 square feet and is expected to open later this year. Food, beverage and entertainment hall Valhalla Social is scheduled to open in spring or summer 2024 and will total 15,000 square feet, with seating for roughly 300 people. CNNA Architects is the architect for both projects. 

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White-House-Shops_White-House-Tenn
DevelopmentGrocery-anchoredNewsTennessee

Sembler to Develop 75,000-Square-Foot Retail Center in Metro Nashville

by Hayden Spiess

White House, Tenn. — The Sembler Co. has announced plans for White House Shops, a 75,000-square-foot retail center to be developed in White House, roughly 30 miles outside Nashville. Publix has signed a 48,387-square-foot lease to anchor the property, which will also feature 11,000 square feet of adjacent retail space and 9,000 square feet of shop space across two additional buildings. Completion of the project is scheduled for next summer. Semblar acquired the 20-acre site earlier this month from a private owner for an undisclosed price. 

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Sunrise-Market_Verrado-Ariz
ArizonaDevelopmentMixed-useNews

HCCJ Family Partners Breaks Ground on 35,000-Square-Foot Mixed-Use Development in Metro Phoenix 

by Hayden Spiess

Verrado, Ariz. — HCCJ Family Partners has broken ground on Sunrise Market, a 35,000-square-foot mixed-use development located in Verrado, roughly 30 miles west of Phoenix. Tenants at the property, which is currently 65 percent pre-leased, will include Copper & Sage, Bobazona, Bosa Donut and Honey Nail. James DeCremer, Matt Milinovich, Alec Miller and Drew Sampson of Avison Young manage leasing at the project on behalf of HCCJ. Construction is scheduled for completion in January 2024. 

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ConnecticutDevelopmentFinanceNews

GreenLake Provides $34.4 Million Financing for Retail Center in Shelton, Connecticut

by Hayden Spiess

Shelton, Conn. — GreenLake Asset Management LLC has provided a $34.4 million loan for the refinancing and construction of Fount Square, a retail center currently underway in Shelton. Development at the property previously halted due to construction liens and partnership complications. The undisclosed borrower has used the loan to settle outstanding financing and more than 60 vendor liens, as well as complete a partnership buyout and also plans to use the funding to complete the project. Tenants at the property will include Chick-fil-A, Panera Bread and Taco Bell. 

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Life-Time-PENN-1-small
DevelopmentLeasingNew YorkNews

Life Time Signs 53,000-Square-Foot Lease in New York City

by Hayden Spiess

New York City — Life Time Fitness has entered a 53,000-square-foot lease agreement to occupy space on the first three floors of PENN 1, a building located adjacent to Madison Square Garden in New York City. The location will open in two phases beginning in summer 2023. Phase One will feature boutique studios, hundreds of pieces of equipment, a curated recovery space, spa, dressing rooms and a juice bar. Phase Two Is scheduled for early 2024 and will include seven ground-floor pickleball courts, a lounge, a seating and bar area and …

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Iconix Fitness Nashville Yards
DevelopmentLeasingNewsTennessee

Southwest Value Partners, AEG Sign Iconix Fitness to 40,000-Square-Foot Lease at Nashville Yards

by Hayden Spiess

Nashville, Tenn. — Southwest Value Partners and AEG, joint venture partners and co-developers of the 18-acre Nashville Yards mixed-use development in Nashville, have signed Iconix Fitness to a 40,000-square-foot retail lease. Michael Townsend of Townsend & Associates advised Iconix Fitness in the lease transaction. Scheduled to open in summer 2025, Iconix will occupy the entire second floor of a 420,000-square-foot building, which will also house an EVO Entertainment venue. The Iconix club will feature dedicated entry on the ground floor with retail space offering fitness apparel, as well as a health-focused …

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