Development

8850-Sunset
CaliforniaDevelopmentFinanceMixed-useNews

Silver Creek Receives Funding for Mixed-Use Redevelopment of 8850 Sunset Boulevard in West Hollywood

by Katie Sloan

West Hollywood, Calif. — Silver Creek Development has received funding for the redevelopment of 8850 Sunset Boulevard, which is located on the Sunset Strip in West Hollywood. Cottonwood Group provided a $62 million loan for the project. Currently a retail strip center and home to the legendary Viper Room music venue, the property is going through re-entitlement and will be transformed into a mixed-use project. Plans call for a redesigned music venue and recording studio, multiple eateries, retail spaces, a five-star hotel, 26 condominiums and eight income-restricted housing units. Completion is …

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Hoomaka-Marketplace-Kapolei-HI
DevelopmentHawaiiNews

KZ Companies Breaks Ground on 45,737-Square-Foot Ho’omaka Marketplace in Kapolei, Hawaii

by Katie Sloan

Kapolei, Hawaii — KZ Companies has broken ground on Ho’omaka Marketplace, a retail development located at the corner of Kapolei Parkway and Kualakai Parkway in Kapolei. Longs Drugs, HELE Gas, Chick-fil-A and 7-Eleven will anchor the 45,737-square-foot shopping center. The property will feature units ranging from 954 square feet to 4,008 square feet, plus a 15,000-square-foot anchor pad. Ho’omaka Marketplace is designed to provide an economic future for native Hawaiians who live in Kapolei, according to KZ Companies All money generated through the ground lease proceeds will benefit Kapolei Community Development …

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The-Street-Boston-1
DevelopmentMassachusettsNews

WS Development Unveils Plans for Redevelopment of Boston Retail Property

by Katie Sloan

Boston — WS Development has unveiled plans for the redevelopment of The Street, a retail property in Boston’s Chestnut Hill neighborhood. The centerpiece of the project will involve the repositioning of the three-story, 90,000-square-foot building at 27 Boylston St. to house new retailers and restaurants, as well as office space and outdoor communal areas. The project team will also upgrade the existing landscaping, architecture and public spaces. WS Development is designing the project in partnership with global architecture firm Sasaki. Completion is slated for 2023. 

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Merganser-Commons-Dogwood-Estates_Milton_Publix
DevelopmentFloridaLeasingNews

Branch Signs Two Restaurants to Join Tenant Roster at Shopping Center Underway Near Pensacola

by Katie Sloan

Milton, Fla. — Branch Properties has signed two restaurants to join the tenant roster at Merganser Commons at Dogwood Estates, a 66,912-square-foot shopping center under construction in Milton, a Florida Panhandle city located about 24 miles east of Pensacola. The Atlanta-based developer plans to open the Publix-anchored center later this summer. The new eateries joining Merganser Commons include RibCrib, a fast-casual barbecue restaurant that will occupy 4,750 square feet, and Teriyaki Madness, an Asian concept. Both restaurants are operated by Panhandle Restaurant Group. The center is currently 92 percent pre-leased to …

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76-Place-Philadelphia
DevelopmentNewsPennsylvania

Philadelphia 76ers Unveil Plans for $1.3 Billion Stadium at Macerich’s Fashion District Philadelphia in Center City

by Katie Sloan

Philadelphia — Josh Harris and David Blitzer, managing directors of the National Basketball Association’s Philadelphia 76ers, have formed a development corporation for construction of the team’s new arena, known as 76 Place, in Center City Philadelphia. Development costs are estimated at $1.3 billion, with plans to complete construction before the 2031-2032 NBA season. The property will be part of Fashion District Philadelphia, a 900,000-square-foot mall redevelopment that opened in September 2019. The team will partner closely with Macerich, which owns Fashion District, on the project. The transit-oriented site is located at Market …

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DevelopmentLeasingNew YorkNews

Marx Realty to Break Ground on 6,000-Square-Foot Chick-fil-A in Brooklyn’s Midwood Neighborhood

by Katie Sloan

New York City — Marx Realty is set to break ground on a 6,000-square-foot Chick-fil-A restaurant in the New York City borough of Brooklyn. The location will be developed on a site formerly home to a three-story office building at 157 Flatbush Ave. in the borough’s Midwood neighborhood. Chick-fil-A will occupy the property under a 20-year lease upon completion. The restaurant will be Chick-fil-A’s first ground-up, stand-alone location in New York City. Henry Henderson and Michael Friedman of Inline Realty represented Marx Realty and Jeremy Ezra of Newmark represented Chick-fil-A …

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The Commons of Clearview City
DevelopmentLouisianaNews

Richards Family Begins Construction on Retail Center at Clearview City Center in Metro New Orleans

by Katie Sloan

Metairie, La. — The Richards family has begun construction of The Commons of Clearview City Center, a new 10,476-square-foot retail project in the New Orleans suburb of Metairie. The property will be situated within the 100-acre Clearview City Center, which is a redevelopment of the former Clearview Mall. Set to come on line in March 2023, The Commons will house a 4,000-square-foot restaurant occupied by brunch eatery Ruby Slipper, as well as other concepts that have not yet been announced. The project includes the demolition of the existing structure at 4236 …

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Parterre-1
DevelopmentFloridaNews

Helm Equities Announces Plans for $300 Million Mixed-Use Tower in Miami’s Design District

by Katie Sloan

Miami — Helm Equities has announced plans for Parterre 42, a $300 million office tower that will occupy a full city block between NE 42nd and 43rd streets in Miami’s Design District. The 500,000-square-foot development will offer 80,000 square feet of functional outdoor space dispersed across each floor of the building with communal work tables, outdoor power and charging stations, and flexible furniture groupings. COOKFOX Architects designed the project. Additional amenities at the property, which features unobstructed views of Biscayne Bay and the downtown Miami skyline, will include an indoor-outdoor …

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Kerns-Bakery_Knoxville
DevelopmentNewsTennessee

Four Stones Begins Construction on Phase II of Kern’s Bakery Mixed-Use Project in Knoxville

by Katie Sloan

Knoxville, Tenn. — Four Stones Real Estate has begun construction on Phase II of Kern’s Bakery, a 16-acre mixed-use redevelopment of a former bakery of the same name in Knoxville. The second phase will redevelop a historic 75,000-square-foot building into a food hall, market, offices, rooftop bars and outdoor gathering spaces. Tenants announced include Flourish Flowers, Archer Paper Goods, F45, Mae Lee’s Boutique and Drop Zone Distilling, as well as an 18-merchant food hall that will include coffee, Italian, Southern and breakfast purveyors, among others. The second phase will also …

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fenton
DevelopmentNewsNorth Carolina

Hines, Columbia Development Complete Phase I of 945,000-Square-Foot Fenton Development in Metro Raleigh

by Katie Sloan

Cary, N.C. — Hines and Columbia Development have completed Phase I of Fenton, a 945,000-square-foot mixed-use development in the Raleigh suburb of Cary. The 69-acre first phase of the project includes 200,000 square feet of Class A office space; 345,000 square feet of retail, restaurants and entertainment venues; and a 254,000-square-foot parking deck offering 811 spaces. The development team included USAA Real Estate, design firm Nelson Worldwide and general contractor Hoar. Tenants for Phase I, which were announced last year, include Williams Sonoma, Pottery Barn, Athleta, Von Kekel Aveda Lifestyle …

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