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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Rezones 100 Acres at Lakeforest Mall in Gaithersburg, Maryland for Mixed-Use Village

by Hayden Spiess

Gaithersburg, Md. — WRS Real Estate Investments has successfully rezoned a 100-acre site in Gaithersburg that houses Lakeforest Mall. The Gaithersburg City Council approved the rezoning of the site for mixed-use as well as a sketch plan of the future development. WRS purchased the core of the 1.1 million-square-foot regional mall in 2019. In 2022, the developer purchased the mall’s remaining department stores: J.C. Penney, Lord & Taylor, Sears and Macy’s. Upon completion, the mixed-use village will comprise up to 1.25 million square feet of retail, restaurant, dining, hospitality and …

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DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

Sprouts Farmers Market to Open 25,000-Square-Foot Store at North Hills Shopping Center in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — Sprouts Farmers Market will open a 25,000-square-foot store at North Hills Shopping Center in Greenville. Originally built in 1975, the retail center is currently undergoing renovations including updates to facades, landscaping, patios, storefronts and parking lot repairs. Construction of the Sprouts is scheduled to begin this year, with the opening planned for 2024. This marks the second location for the brand in the Greenville market.  Aston Properties is the landlord.

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Carrie Smith Franklin Street Restaurant Retail
DevelopmentEconomic DevelopmentFeaturesIndustry ContentLeasingRestaurantsRetail InsightRetailers

North Florida Retail Demand Remains High, But Headwinds Could Temper Enthusiasm

by Sarah Daniels

North Florida has been a hotbed of retail activity that hasn’t shown signs of slowing, according to Carrie Smith, senior vice president of retail at Franklin Street in Jacksonville, Fla. “Retail is nothing short of being red hot,” she says. “It’s probably in the most aggressive dealmaking mode since I’ve been in business. The deal flow is very high, and it’s hard to keep up.” Jacksonville boasts low vacancy rates, in part due to its rapid population growth throughout 2022. According to Franklin Street’s latest data, Jacksonville saw deliveries of …

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Medley
DevelopmentGeorgiaLeasingMixed-useNews

Toro Signs 11 Tenants to Mixed-Use Development Underway in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. (TDC) has announced leases with 11 tenants at Medley, a mixed-use project currently underway in Johns Creek, roughly 30 miles northeast of Atlanta. Upon completion, the development will include 200,000 square feet of retail, restaurant and entertainment space, as well as 900 residential units and 110,000 square feet of office space. Tenants will include Little Rey, CRÚ Food & Wine Bar, AYA Medical Spa, Fadó Irish Pub, BODY20, Lily Sushi Bar, Lucciano’s Gelato, Sugarcoat Beauty, Summit Coffee, Knuckies Hoagies and Cookie Fix.

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Bridgewater-Commons-Bridgewater-N.J
DevelopmentInvestment salesMixed-useNew JerseyNews

Pacific Retail Capital Partners Acquires 1.2 Million-Square-Foot Mall in New Jersey, Plans Redevelopment

by Hayden Spiess

Bridgewater, N.J. — Pacific Retail Capital Partners (PRCP) has acquired Bridgewater Commons, a 1.2 million-square-foot mall located in Bridgewater, roughly 40 miles outside New York City, for an undisclosed price. The Village at Bridgewater Commons, an adjacent 94,000-square-foot open-air shopping center, was included in the acquisition. Tenants at the mall include Bloomingdale’s, Macy’s, Apple, J. Crew, lululemon, Athletica, Williams-Sonoma, The Cheesecake Factory, AMC Dine-In Theatres, LOFT, Maggiano’s Little Italy, Shake Shack and Starbucks Coffee.  PRCP has assumed the property’s existing loan and secured an extension, with plans to transform the …

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DevelopmentGeorgiaNewsRestaurants

Stonecrest Resorts Completes Phase II of 143,000-Square-Foot Renovations at The Mall at Stonecrest in Metro Atlanta

by Hayden Spiess

Stonecrest, Ga. — Stonecrest Resorts has completed the second phase of redevelopment at Priví, a 143,000-square-foot adaptive reuse of the former Sears department store at The Mall at Stonecrest located in Stonecrest, roughly 15 miles outside Atlanta. Phase II comprised $4.2 million of renovations and the addition of tenants including Baldwin’s Literary Social Bookstore, Priví Art Gallery, The Exposure Hub, 101 TKO Radio, Priví Event Center, 3 Degrees Infrared Sauna Studio, Picasso’s Splat Room, The Lion’s Cage MMA & Fitness Gym and Garden Life Juice Bar. SeaQuest anchors Phase I …

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Jimbo's-San-Diego-rendering
CaliforniaDevelopmentGrocery-anchoredMixed-useNews

Jimbo’s Naturally! Signs 25,000-Square-Foot Lease in San Diego

by Hayden Spiess

San Diego — Jimbo’s Naturally has signed a 25,000-square-foot lease at The Row at Civita, Sudberry Properties’ 20-acre mixed-use development located in San Diego. The grocery store will be an anchor at the property, which is situated within the 230-acre master-planned community of Civita. Construction on the building is scheduled to begin in early 2025, with the opening planned for the second half of 2026. This will mark the fifth Jimbo’s store within San Diego County.

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Whitecap-NPI
DevelopmentMixed-useNewsTexas

Ashlar Development Breaks Ground on $800 Million Whitecap NPI Master-Planned Community in Corpus Christi

by Hayden Spiess

Corpus Christi, Texas — Developer Ashlar Development LLC and owner Diamond Beach Holdings LLC have broken ground on Whitecap NPI, an $800 million master-planned community on North Padre Island in Corpus Christi. The 240-acre development will serve as the first and only coastal luxury residential and resort destination on the island, according to the development team. Upon full build-out, Whitecap NPI will feature over 600 residential options, including single-family homes, villas, condos and cross-generational housing. The homes, many with canal access for boating and water sports, will be situated in …

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DelawareDevelopmentGrocery-anchoredLeasingNews

Weis Markets to Anchor 280,000-Square-Foot Development in Northern Delaware

by Hayden Spiess

Middletown, Del. — Weis Markets will anchor Bayberry Town Center, a 280,000-square-foot mixed-use development scheduled to open in 2025 in Middletown. Weis will operate a 64,000-square-foot store at the property, which will be situated within the 1,500-acre master-planned Village of Bayberry community. Construction is scheduled to begin this fall. Upon completion, the center will also feature 31,000 square feet of office space, two green spaces and 145 townhomes.

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thepomp
DevelopmentFloridaMixed-useNews

Cordish, Caesars Reveal Plans for 223-Acre Mixed-Use Project in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — The Cordish Cos. and Caesars Entertainment Inc. (NASDAQ: CZR) are co-developing The Pomp, a 223-acre mixed-use development in Pompano Beach. The property’s name pays homage to the former Pompano Park racetrack on the project site, which is located 35 miles north of Miami and 10 miles north of Fort Lauderdale. Upon completion, The Pomp will feature 1.3 million square feet of retail and entertainment space, as well as 4,000 residential units, two hotels and approximately 1.4 million square feet of office space. The project will include …

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