New York City — The New York City Council has approved Innovation QNS, a $2 billion mixed-use project that will be located in the Astoria neighborhood of Queens, according to reports from multiple news outlets including Crain’s and Patch. A partnership between BedRock Real Estate Partners, Kaufman Astoria Studios and Silverstein Properties is developing Innovation QNS, which will span five city blocks and will be an expansion of the Kaufman Arts District. The various reports differ on the exact size of the multifamily component, but the project page on the …
Brooklyn, N.Y. — Brooklyn Brewery, an independent craft beer brewer founded in 1988, has signed a lease at 1 Wythe Ave. in the Williamsburg neighborhood of Brooklyn. Developers will begin work on the property later this year, and beginning in summer 2024, the brewery will occupy 41,000 square feet of the building’s 82,000 square feet. Nathaniel Mallon of Verada arranged the lease on behalf of the brewery and the landlords of the building. The move will put Brooklyn Brewing four blocks away from its current location.
Berkeley Heights, N.J. — Connell Co. has unveiled plans for expansion at The Park, a 185-acre mixed-use campus in the Northern New Jersey community of Berkeley Heights. The latest phase of The Park will be known as The District and will comprise five new buildings that will house 328 multifamily units and 190,000 square feet of retail, restaurant and entertainment space. The two multifamily buildings will total 179 and 149 units and will both feature a variety of indoor and outdoor amenities. The first of the three retail buildings will …
Los Angeles — Parkview Financial has provided a $35 million senior construction loan to a venture between Ratkovich Co. and Jerico Development for the development of West Harbor, a retail center along the Los Angeles waterfront in the San Pedro neighborhood. The financing from Parkview is in addition to $55 million of Commercial Property Assessed Clean Energy financing, as well as $85 million of investor equity. Situated on 42 acres at 1200 Nagoya Way, West Harbor will feature more than 125,460 square feet of multi-tenant retail space. Scheduled for completion …
Portland, Maine — Wilder has taken on the role of development partner at Rock Row, a 2 million-square-foot mixed-use property centered around a 26-acre natural stone quarry located in Portland. This move marks an expansion on the company’s involvement as retail merchandising specialist for the development. In conjunction with owner and developer Waterstone Properties, Wilder will oversee all new phases of development, including the addition of 1.6 million square feet of retail, dining, hotel, residential, office and entertainment space. Rock Row features 500,000 square feet of retail space, 400,000 square …
Newport, Ky. — North American Properties (NAP) has partnered with Galley Group, a Pittsburgh-based food hall operator, to open a new food hall and bar at Newport on the Levee, a mixed-use destination along the Ohio River in Newport. The 7,900-square-foot venue, dubbed The Galley on the Levee, will feature four restaurants and a signature bar that will be able to accommodate 200 patrons. Designed by Reztark Design Studio, the food hall will open onto Bridgeview Box Park, an open-air shipping container park that opened in 2020 as part of …
Franklin, Tenn. — Toro Development Co. (TDC), Highwoods Properties Inc. and Ignite Realty Partners (IRP) have partnered to develop Ovation, a 145-acre mixed-use project located in Franklin, roughly 20 miles south of Nashville. Highwoods will deliver the office component of the project, with TDC developing a 60-acre parcel comprising retail, multifamily residential and hospitality uses. TDC’s team is led by Mark Toro, John Kelley, Richard Munger, Vicky Boyce and Carla Cox. Mars Petcare’s North American headquarters — which is owned and was developed by Highwoods and features collaborative office space …
Trexlertown, Pa. — The Home Depot will open a 136,000-square-foot store at Macungie Crossing, a 182,000-square-foot shopping center that is under construction in the Lehigh Valley community of Trexlertown. New York City-based RD Management is developing the project, construction of which is underway and expected to be complete next summer. The Atlanta-based home improvement retailer now operates about 70 stores in Pennsylvania.
Norcross, Ga. — Tile Tech Renewal Co. has appointed terra alma to lease space comprising over an acre and several buildings at South End, a mixed-use property in downtown Norcross, about 20 miles outside of Atlanta. Redevelopment efforts will include 4,500 square feet of new construction as well as the preservation and adaptive reuse of existing buildings. Buildings at the property include an almost 100-year-old former gas station — now Rose & Hemp, a CBD store — and two buildings that are more than 70-years-old and were previously used for …
Lake Charles, La. — Schelin Uldricks & Co. has arranged $13.9 million in financing for the redevelopment of University Plaza, a grocery-anchored shopping center located at the corner of Ryan Street and Sale Road in the southeast Louisiana city of Lake Charles. Financing will enable the renovation of portions of the property that experienced hurricane damage in 2020. When finished, the retail center will span 203,965 square feet. An undisclosed regional bank provided the loan. The property is currently leased to a mix of tenants that include a fitness center, …