Development

Five-Below-Central-Vermont-Marketplace-Berlin-Vt
DevelopmentLeasingMixed-useNewsVermont

Heidenberg Rebrands, Signs Leases Totaling 60,000 Square Feet at Berlin Mall in Vermont

by Hayden Spiess

Berlin, Vt. — Heidenberg Properties Group has rebranded Berlin Mall as Central Vermont Marketplace in Berlin. This comes as part of the property’s transition to a mixed-use development, which included the opening of Chesnut Place, a 98-unit senior living facility. Heidenberg has also added two new retailers, which occupy a total of 60,000 square feet. Five Below opened a store at the property in February and Hobby Lobby took over the former JC Penney anchor space in April. Heidenberg has also obtained approval for the addition of 30 residential units …

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The-Stacks-Oklahoma-City
DevelopmentLeasingNewsOklahoma

Medallion Group Breaks Ground on 34,000-Square-Foot Retail Project in Oklahoma City

by Hayden Spiess

Oklahoma City— The Medallion Group has broken ground on The Stacks, a 34,000-square-foot retail project in Oklahoma City. Tenants that have committed to the development include Mediterranean restaurant Cava, fast-casual eatery Pickleman’s and locally based food-and-beverage concept The Surf Bar. Additional retail and medical users will be announced later this year. The Stacks is scheduled to open in the first half of 2024.

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8257-Meadowbridge-Rd-Mechanicsville-Va
DevelopmentInvestment salesNewsVirginia

WEDGE to Develop 6,500-Square-Foot Retail Strip Center in Mechanicsville, Virginia

by Hayden Spiess

Mechanicsville, Va. — WEDGE Acquisitions LLC has purchased a 1.73-acre parcel in Mechanicsville for $690,000 for the development of a retail strip center. Upon completion, the property will comprise 6,500 square feet. Dunkin’ Donuts will anchor the center. Nathan Shor represented WEDGE in the transaction and Douglas Tice, III represented the seller, Lisa  Waitman.   It should be WEDGE, yes?

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Oxmoor Center
DevelopmentKentuckyNews

Brookfield Properties Completes Renovation, 30,000-Square-Foot Expansion of Oxmoor Center in Louisville

by Hayden Spiess

Louisville, Ky. — Brookfield Properties has completed a 30,000-square-foot addition and renovations to Oxmoor Center, a regional mall in east Louisville. The project, which also included the addition of 27 acres of surface parking, is the redevelopment of a big box space formerly occupied by Sears. Topgolf recently opened within the space, which features room for nine additional tenants. The development team for the project included Hoar Construction, Strong Tower Exterior Envelope Wall Systems, Louisville Paving & Construction Co. and Hobbs+Black Architects. Oxmoor Center spans nearly 900,000 square feet and …

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Big-Bear-Shopping-Center
CaliforniaDevelopmentGrocery-anchoredInvestment salesNews

Wood Investments Cos. to Develop 80,000-Square-Foot Shopping Center in Big Bear Lake, California

by Hayden Spiess

Big Bear Lake, Calif. — Wood Investments Cos. has purchased a former Kmart building in Big Bear Lake, with plans to develop an 80,000-square-foot shopping center. Upon completion, Big Bear Lake Shopping Centerwill be subdivided into three individual anchor suites. A 17,193-square-foot Grocery Outlet will anchor the property. Another retailer has signed a 23,228-square-foot lease at the property, and a third tenant is in negotiations to lease a 23,228-square-foot space. Construction is scheduled to begin in the fourth quarter of this year, with the opening scheduled for March 2024. Charley …

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Kerns-Bakery-Construction_Knoxville-Tenn
DevelopmentMixed-useNewsTennessee

Monday Night Brewing to Open Taproom at Kern’s Bakery Mixed-Use Development in Knoxville

by Katie Sloan

Knoxville, Tenn. — Monday Night Brewing will open a taproom within Kern’s Bakery Food Hall at Kern’s Bakery, a 16-acre mixed-use development currently underway in Knoxville. The taproom, which will mark Monday Night’s sixth location and second in Tennessee, will comprise 3,000 square feet with access to a patio and 7,000-square-foot event lawn. Monday Night will also manage the primary bar for the development’s food hall, two separate rooftop patio bars and a smaller bar near the interior performance stage. The food hall comprises the second phase of Four Stones …

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Watson Island
DevelopmentFloridaMixed-useNews

BH3 Management, Merrimac Ventures to Develop Mixed-Use Project on Miami’s Watson Island

by Hayden Spiess

Miami —BH3 Management and Merrimac Ventures have acquired development rights for a 10.7-acre site on Watson Island, an island within Miami city limits. The land is owned by the City of Miami and fronts Biscayne Bay midway between downtown Miami and Miami Beach. Alex Zylberglait of Marcus & Millichap brokered the transaction. A site plan is already approved, combining hotel, retail and residential uses alongside new public space and a waterfront promenade. While the plan will be updated, BH3 Management and Merrimac Ventures intend to develop within the same footprint …

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IKEA
CaliforniaCompany newsDevelopmentNewsVirginia

Ingka Group to Invest $2.2 Billion in New IKEA Locations, Omnichannel Growth Across US

by Hayden Spiess

Leiden, Netherlands — Ingka Group has announced plans to invest $2.2 billion over the course of the next three years on new IKEA retail locations and omnichannel growth across the United States. The Leiden, Netherlands-based company is the largest owner of IKEA stores globally, representing more than 90 percent of IKEA retail sales with more than 370 stores and 100 home décor planning studios open across 31 countries. The initial phase of investment will include opening eight stores in IKEA’s traditional format and nine “Plan and Order” points, which are …

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WorkShop-Dallas
DevelopmentMixed-useNewsTexas

Triten Real Estate Completes Redevelopment of 216,500-Square-Foot Mixed-Use Property in Dallas

by Hayden Spiess

Dallas —Triten Real Estate Partners has completed the redevelopment of Work/Shop, a mixed-use property in Dallas that features 135,000 square feet of office space and 81,500 square feet of retail, restaurant and entertainment space. Work/Shop also houses 30,000 square feet of open and green space with views of the Prestonwood Country Club. Renovations included updates to retail spaces, and CBRE has been tapped to lease the renovated office space.

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Rialto-Village-Rialto-Calif
CaliforniaDevelopmentLeasingNews

CBRE, NewMark Merrill Sign Tenants to 96,000-Square-Foot Retail Development Underway in Rialto, California

by Hayden Spiess

Rialto, Calif. — CBRE and NewMark Merrill Cos. have completed the preleasing of Rialto Village, a 96,000-square-foot shopping center currently underway in Rialto. Everytable will occupy the final, 1,400-square-foot space at the development, which the companies broke ground on in August of last year. Other tenants include Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash, In-N-Out Burger, Cold Stone Creamery, The Joint, Nekter Juice Bar, Coffee Bean & Tea Leaf and West Coast Dental. Brian McDonald, Walter Pagel and Hannah Curran of CBRE and Greg Giacopuzzi of NewMark Merrill …

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