Kissimmee, Fla. — SRS Real Estate Partners has brokered the $28.4 million sale of WaterStar Orlando, a 79,680-square-foot shopping center under construction in Kissimmee, roughly 18 miles outside Orlando. Equinox Development Properties is the seller and developer of the center, which is scheduled to open within the next few months. Marshalls, Burlington and pOpshelf will anchor the property, which will also house Noire Nail Bar and Keke’s Breakfast Café. An entity doing business as Orlando 22 LLC purchased the center. Kyle Stonis, Pierce Mayson and Kevin Yaryan of SRS’ Investment …
Development
Plantation, Fla. — A partnership led by South Florida shopping center owner and developer Beth Azor has begun construction on a 6,119-square-foot Wawa gas station and convenience store located in Plantation, roughly 30 miles north of Miami. The partnership, which is doing business as FLA BPI LLC, broke ground on the project April 4. The 1.7-acre property is situated within the northern portion of a three-acre site acquired by the partnership in 2016. Midtown Crossing, a 6,400-square-foot retail center, occupies the southern portion. Scheduled for completion in 12 months, the …
Bossier City, La. — The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana. Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces. The seller and acquisition price were not disclosed. Cordish was the development partner for …
Williamsburg, Va. — Entertainment concept Uptown Alley has purchased the former Yankee Candle building in Williamsburg, with plans to open its fifth entertainment venue. The multilevel, mixed-use building is located on a six-acre site at 2200 Richmond Road. Dawn Griggs and Rob Wright of Cushman & Wakefield | Thalhimer represented the seller, Fulton Bank, in the $4 million sale. Upon completion, which is scheduled before the end of this year, the venue will feature upscale bowling, duckpin bowling, an arcade and a chef-driven restaurant.
Houston —NewQuest Properties is underway on the 90,000-square-foot redevelopment of a retail center located in Houston. Formerly known as Pavilion Center, the property is being reimagined as West on West (WoW) and will be anchored by a 33,029-square-foot 99 Ranch Market, which is expected to open later this year. Other tenants will include Gen Korean BBQ House and Teso Life, which will occupy 6,212 square feet and 13,340 square feet, respectively. Exterior renovations are scheduled for completion this month. Plans include neon lighting elements, string lighting, an upcycled art installation …
Roseville, Minn. — Dick’s Sporting Goods is set to open a new location at Rosedale Center, a 1.1 million-square-foot shopping center in Roseville, a suburb of the Twin Cities. The retailer will occupy a new building at the parcel formerly home to Herberger’s. Construction of the store has begun, with completion scheduled for late 2024. JLL’s retail development partner, Poag Development Group, is overseeing construction management. Holly Rome of JLL leads the leasing efforts for Rosedale Center and secured the lease with Dick’s. Recent tenant additions at Rosedale Center include …
Sarasota, Fla. — Benderson Development has acquired two properties in Sarasota. One of the properties is a former Café Baci restaurant, and the second — which comprises 16,500 square feet — is leased to Walgreens. Additionally, Benderson opened a newly rebuilt Publix grocery store at retail center The Landings, which the company purchased in 2012 and has since renovated. 3Natives, Pacific Counter and Crumbl Cookies are also scheduled to join the tenant roster. Other tenants at the retail center include Florence and the Spice Boys, The Breakfast Company, Origin Craft …
Rancho Mission Viejo, Calif. — Westar Associates will develop Esencia Commons, a 175,000-square-foot retail center in Rancho Mission Viejo. Upon completion, the property will feature a supermarket, fitness center, gas station and other retail and restaurant spaces. Groundbreaking for the project — which will be located within a 50-acre mixed-use development that includes an apartment community, business park, self-storage facilities and planned medical offices — is scheduled for the fourth quarter of this year. Westar will manage the property and has begun leasing efforts for the center.
Phoenix — Harkins Theatres has announced plans for the development of Harkins BackLot, a 32,000-square-foot entertainment center at The Shops at Norterra in Phoenix. The new concept is inspired by movie studio backlots and will feature a full-service restaurant and bar, sports viewing arena, an arcade, bowling with digitally animated and enhanced lanes, an outdoor patio with yard games and a private event space with party and corporate event rooms. The opening is scheduled for 2024, with more locations to follow. Eric Termansen of Western Retail Advisors represented Harkins in …
Osage Beach, Mo. — SkyView Partners and Tegethoff Development, along with Fred Ross, owner of Big Thunder Marine, are set to begin construction this summer on Oasis at Lakeport in Osage Beach within Missouri’s Lake of the Ozarks. The $350 million family resort and entertainment district will span 25 acres. The development team most recently announced an agreement with Marriott International for the construction of a 400-room, full-service Marriott Hotels property as part of the project. The hotel, to be managed by Texas-based Aimbridge Hospitality, will feature a 26,000-square-foot conference …