Providence Village, Texas — GBT Realty Corp. is underway on the development of Providence Marketplace, a retail center that will total 33,700 square feet in Providence Village, roughly 45 miles north of Dallas. A 23,300-square-foot Sprouts Farmers Market will anchor the property, which will also feature roughly 10,400 square feet of small shop space and three outparcels. GBT acquired the development site in August.
Austin, Texas — Partners Group and Presidium are underway on the addition of a 65,000-square-foot indoor entertainment venue at River Park, a mixed-use project being developed by the joint venture. A third-party developer and operator will open the venue, which will serve as an anchor for the first phase of River Park and will host live music shows, community events and other programming. Upon completion, River Park will also feature retail, office and residential space, as well as public parks and trails.
Elgin, S.C. — Eagle Development Group and Hoffman United have broken ground on a new retail development in Elgin. Upon completion, the property will total 5,000 square feet. Firehouse Subs and Valvoline Instant Oil will occupy the development, which is scheduled for completion in the first quarter of 2025. Situated within the Spears Creek retail corridor, the property will also feature 24 parking spaces.
Chicago — Architecture firm Lamar Johnson Collaborative (LJC) has released renderings for a transformative vision for Michigan Avenue’s Magnificent Mile retail corridor in downtown Chicago. The Magnificent Mile Association commissioned the plan, known as MM2050, to explore innovative solutions for addressing vacancies instigated by the COVID-19 pandemic. LJC created a series of conceptual renderings, guided by four design pillars: people, place, technology and experience. The renderings showcase ideas for enhancing public spaces, improving pedestrian connectivity and encouraging sustainable, mixed-use development. The MM2050 renderings are currently on display at the Chicago Architecture …
Charlotte, N.C. and Travelers Rest, S.C. — Eggs Up Grill — a breakfast, brunch and lunch chain — has signed a new, seven-unit development agreement in North and South Carolina. Franchisee Conley McIntyre, who has a portfolio of existing Eggs Up outposts, will develop, own and operate the restaurants. Six of the locations will be in the Charlotte, North Carolina market, with an additional location in Travelers Rest, South Carolina. There are more than 100 Eggs Up Grill restaurants planned or currently underway.
Santa Rosa, Calif. — WS Development has completed the renovation and expansion of public gathering spaces at Montgomery Village, a 280,000-square-foot retail center located in Santa Rosa, as well as added new tenants. Highlights of the property renovations include updates to The Courtyard, a community hub that features seating, a children’s play area and a dog relief area. The Passage, a new covered passageway connecting the north and south ends of the property, is now also open at the center. New tenant openings at the property include Amour Vert, Mandarin Kitchen, Gorjana, …
Surprise, Ariz. — Nordstrom Rack has signed a 26,000-square-foot lease at Prasada North, a shopping center development currently underway by SimonCRE in Surprise. Upon completion, Prasada North, which is located adjacent to the developer’s Village at Prasada shopping center, will total 350,000 square feet. A 150,000-square-foot Target will anchor the property, which is roughly 90 percent leased. Tenants currently open at the center include DICK’s Sporting Goods, Burlington, Kohl’s, Cooper’s Hawk, Barrio Queen and Cold Beer Cheeseburgers. Nordstrom currently operates one Nordstrom and 11 Nordstrom Rack stores in Arizona.
Naperville, Ill. — Brixmor Property Group (NYSE: BRX) has begun a $53 million redevelopment and reconfiguration of Westridge Court, a shopping center located in the Chicago suburb of Naperville. Plans call for the addition of a new restaurant and entertainment district, to be branded Block 59. The 91,000-square-foot project will include the construction of multiple outparcels, which will be occupied by tenants including The Cheesecake Factory, Yard House, Ruth’s Chris Steak House, Piccolo Buco by Cooper’s Hawk, Shake Shack, Stan’s Donuts, First Watch, Fresh Fin, Crisp & Green and Velvet Taco. …
Jacksonville, Fla. — Gateway Jax has received approval from the Jacksonville City Council for the development of Pearl Street District, a $2 billion mixed-use project set to span 25 blocks in downtown Jacksonville. Plans for the development include 1,000 residential units; more than 100,000 square feet of retail space; public gathering spaces, including parks surrounding the historic Porter House mansion; widened and shaded sidewalks; and a curbless “festival street” with outdoor dining. Gateway Jax bought the site last year. Anticipated tenants for the retail portion of the project include a full-service …
Charleston, S.C. —SJC Ventures, with general contractor Hill Construction, has completed the development of Phase II of West Ashley Station, a shopping center located in Charleston’s West Ashley neighborhood. Totaling 29,000 square feet, the second phase is fully leased to tenants including Hollywood Feed, Hand & Stone, Another Broken Egg, Pacific Dental, GoodVets, Jersey Mike’s Subs, Nothing Bundt Cakes, CAVA, Nikita Hair Salon, House of Sage and Serotonin Centers. All tenants are scheduled to be open by February 2025. John Orr and Lindsey Halter of Carolina Retail Experts marketed West Ashley …