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DevelopmentGrocery-anchoredLeasingMarylandMixed-useNews

Trademark Completes Renovation of 2 Million-Square-Foot Mixed-Use Development in Annapolis

by Hayden Spiess

Annapolis, Md. — Trademark Property Co. has completed the renovation of Annapolis Town Center, a mixed-use development comprising 2 million square feet in Annapolis. Improvements to the property included the addition of green space and a new community gathering area called Green Village; a climate-controlled paseo for improved connectivity and walkability; improved signage and wayfinding; and art from local artists. Whole Foods Market and Target anchor the property, which is home to retailers including Anthropologie, Restoration Hardware and Paper Source. A number of new tenants are set to open within …

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CaliforniaDevelopmentMallsMixed-useNews

DJM, PGIM Receive Approval for Mixed-Use Project at Bella Terra Shopping Center in Metro Los Angeles

by Hayden Spiess

Huntington Beach, Calif. — A partnership between DJM and PGIM has received approval for a mixed-use redevelopment project at Bella Terra, an 852,000-square-foot retail property located roughly 35 miles outside Los Angeles in Huntington Beach. Plans for the project, now approved by the Huntington Beach City Council, include the demolition of a 149,000-square-foot Burlington Coat Factory-occupied building and an adjacent 33,000-square-foot building. The partnership will replace the existing buildings with a low-rise structure featuring 25,000 square feet of ground-floor retail and restaurant space and five stories of residential space, comprising …

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DevelopmentMixed-useNew YorkNews

Joint Venture Explores Mixed-Use Redevelopment Options for 10-Acre The Galleria at White Plains

by Hayden Spiess

White Plains, N.Y. — Pacific Retail Capital Partners (PRCP) and Aareal Bank have formed a new joint venture with SL Green Realty Corp. and the Cappelli Organization to consider redevelopment options for The Galleria at White Plains, a 10-acre indoor shopping mall in the New York City suburb of White Plains. The envisioned renovations to The Galleria are part of a larger renaissance for the area. The mall is part of a qualified Opportunity Zone, meaning that new investments in the area may be eligible for preferential tax treatment under …

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DevelopmentMixed-useNevadaNews

Agora Realty Starts Construction of 29-Acre Mixed-Use Project in Downtown North Las Vegas

by Hayden Spiess

North Las Vegas, Nev. — Agora Realty and Management has broken ground on a 29-acre mixed-use, master-planned commercial district in downtown North Las Vegas. The redevelopment project is located at the gateway to the city, east of Interstate 5 along Lake Mead Boulevard and north along Las Vegas Boulevard. Scheduled for completion in 24 months, the $105 million project will include 200,000 square feet of retail space and 125,000 square feet of healthcare and medical office space. Earlier this year, Agora started construction on a 22,000-square-foot medical office building that will …

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DevelopmentGrocery-anchoredMontanaNews

Shopping Center in Bozeman Undergoes $50 Million Redevelopment, Signs Montana’s First Whole Foods Market

by Hayden Spiess

Bozeman, Mont. — Gallatin Valley Mall, a retail center located in Bozeman, is currently undergoing a multi-phase, $50 million redevelopment. To be known as Gallatin Crossing, the property will be mixed-use and feature retail, entertainment and medical space. The latter will include a 45,000-square-foot Medical Pavilion that brings together Intermountain Healthcare and Ortho Montana PSC. Whole Foods Market will also join the property with a location that marks its first in the state. The first phase of development for the project, which began in September 2022, is scheduled for completion …

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DevelopmentGeorgiaInvestment salesNews

US Fitness Holdings Acquires 69,000-Square-Foot Sports Club in Metro Atlanta

by Hayden Spiess

Woodstock, Ga. — US Fitness Holdings LLC has announced a definitive agreement to acquire a property at 301 Gold Creek Trail in Woodstock, roughly 30 miles north of Atlanta. The 69,000-square-foot sports club, currently operated as a Gold’s Gym, will be converted into a Onelife Fitness club. Onelife will retain existing staff and memberships and invest a projected $1.5 million into updating the facility. Amenities will include cardio and strength equipment, turf training areas, a spin studio, studios featuring fitness classes, a sauna, recovery studio, Olympic lifting platforms and a …

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DevelopmentInvestment salesMixed-useNewsTexas

Trademark Acquires 470,000-Square-Foot Shopping Center in Arlington

by Hayden Spiess

Arlington, Texas — Trademark Property Co. has purchased Lincoln Square, a 470,000-square-foot retail center located at 1500 N. Collins St. in Arlington. Trademark will redevelop the property into a mixed-use development through a 30-year public-private partnership (P3) with the City of Arlington. Terms of the P3 require the developer to invest a minimum of $150 million over the next six years. The City Council has approved a co-investment of $14.2 million, and local residents will have input on the project. Current tenants at the property include Studio Movie Grill, Ulta …

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120-Fifth-Ave-Brooklyn
DevelopmentFinanceMixed-useNew YorkNews

Cushman & Wakefield Arranges $142.9 Million in Construction Financing for Mixed-Use Project in Brooklyn

by Hayden Spiess

New York City — Cushman & Wakefield has arranged $142.9 million in construction financing for 120 Fifth Ave., a mixed-use development in the Park Slope neighborhood of Brooklyn. The borrowers, Senlac Ridge Partners and The William Macklowe Company, are redeveloping the two-acre site, currently a one-story vacant grocery store and its parking lot, into a 212,000-square-foot mixed-income housing property and retail plaza. The project will comprise two buildings featuring 180 residential units, 25 percent of which will be affordable. The development will also offer 67,000 square feet of retail space …

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DevelopmentMixed-useNewsTexas

McLeod Cobb to Break Ground on $100 Million Mixed-Use Project Near Corpus Christi

by Hayden Spiess

Portland, Texas — McLeod Cobb Investments is set to break ground on Portland Town Center, a $100 million mixed-use development located in Portland, roughly 10 miles outside Corpus Christi. The project will include 200,000 square feet of retail space and 300 multifamily units. A 128,500-square-foot Target will anchor the retail portion of Portland Town Center, which will also include 17 pad sites. The 45-acre development site is located at the intersection of US Hwy. 181 and Broadway Boulevard, roughly three miles from the Port of Corpus Christi. The project is …

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Topgolf-Baltimore
DevelopmentLeasingMarylandNews

Topgolf to Open South Baltimore Venue at Walk at Warner Street Entertainment District

by Hayden Spiess

Baltimore — Topgolf plans to open its first Baltimore venue and third location in Maryland this Friday, bringing its global count to 81. Located at the intersection of Stockholm and Warner streets in the newly branded Walk at Warner Street entertainment district, the three-level venue sits adjacent to Horseshoe Casino Baltimore and M&T Bank Stadium, home of the Baltimore Ravens. Local media outlets report that construction is underway for a concert venue at the district called The Paramount Theater. The new Topgolf will employ around 500 staffers and include 90 …

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