Development

Nordstrom-Pleasanton-Calif
CaliforniaDevelopmentInvestment salesNews

Joint Venture Purchases 8.4-Acre Former Nordstrom Property in Pleasanton, California

by Hayden Spiess

Pleasanton, Calif. — A joint venture comprising Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC has purchased an 8.37-acre property in Pleasanton formerly home to a Nordstrom department store. Located at Stoneridge Mall, the property marks the fourth mall purchase for Shopoff in recent years, according to the company’s president and chief executive officer. Shopoff is currently exploring potential uses — including residential, mixed-use and office — for the space. Stoneridge Mall is one of the sites identified for redevelopment by the City …

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Print-House-Hackensack-N.J
DevelopmentLeasingNew JerseyNews

Four New Tenants to Join The Shoppes at Print House in Hackensack, New Jersey

by Hayden Spiess

Hackensack, N.J. — Three new tenants have signed leases at The Shoppes at Print House, a 23-acre redevelopment project currently underway in Hackensack. Hackensack Meridian Health will occupy 6,076 square feet at the development, and Starbucks Coffee and Blue Foundry Bank will lease 3,000 and 2,151 square feet, respectively. Jersey Mike’s will also open a space at the project. Michael Walters, Jonathan Kristofich and Cameron Silverstein of NAI James E. Hanson represented the developers — The Hampshire Cos., Russo Development and Fourth Edition Inc. — in the lease negotiations.

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DevelopmentLeasingNewsTexas

SVN | J. Beard Real Estate Begins Leasing 9,615-Square-Foot Retail Project Near Houston

by Hayden Spiess

Magnolia, Texas — SVN | J. Beard Real Estate has begun leasing Country Forest Plaza, a 9,615-square-foot retail project located in Magnolia, about 45 miles northwest of Houston. Tenant spaces will range in size from 1,300 to 5,715 square feet. Kane Dunbar is serving as general contractor for the project, construction of which began in January and is expected to be completed during the summer.

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Indy-Fuel-Arena-Fishers-IN
DevelopmentIndianaMixed-useNews

Thompson Thrift Acquires 62 Acres for $550 Million Expansion of Fishers District Mixed-Use Development Near Indianapolis

by Hayden Spiess

Fishers, Ind. — Thompson Thrift has acquired 62 acres that will be utilized as part of the $550 million expansion to Fishers District in the northeast Indianapolis suburb of Fishers. The firm concurrently sold a portion of the acquired land to the City of Fishers, where the site will be used for the development of a 7,500-seat arena and event center. The overall expansion of Fishers District includes: Slate, a garden-style multifamily community with direct access to Fishers District; the Union, an expansion to the multifamily and commercial options already …

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Topgolf-Pompano-Beach-Fla
DevelopmentFloridaLeasingMixed-useNews

Topgolf to Anchor 223-Acre Mixed-Use Development Near Miami

by Hayden Spiess

Pompano Beach, Fla. — Construction is underway on a three-level Topgolf location in Pompano Beach, roughly 35 miles north of Miami. Scheduled to open later this year, the new venue will anchor a 223-acre, mixed-use project currently being developed by The Cordish Cos. and Caesars Entertainment. The location will feature 102 climate-controlled hitting bays, a full-service restaurant, rooftop terrace, outdoor patio, music, private event space and year-round family-friendly programs.

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Lexington-Village-Frisco-Texas
DevelopmentGrocery-anchoredNewsTexas

Centergy Breaks Ground on 100,000-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Frisco, Texas — Centergy Retail has broken ground on Lexington Village, a 100,000-square-foot retail center located in Frisco, approximately 30 miles north of Dallas. A 58,000-square-foot Tom Thumb will anchor the shopping center, which is situated within the 600-acre, master-planned Lexington development. Scheduled to open in spring 2024, the store will feature an in-store Starbucks Coffee kiosk, a pharmacy with a drive-thru, electric vehicle charging stations and drive-up-and-go grocery pickup. An additional 32,000 square feet of shops and three pad sites are scheduled for delivery in August 2023. Pre-leasing is …

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The-Block-at-Phipps-Atlanta
DevelopmentGeorgiaNews

Selig to Reimagine 9.4-Acre Lenox Marketplace in Atlanta

by Hayden Spiess

Atlanta — Selig Enterprises has unveiled plans for the renovation and rebranding of Lenox Marketplace in Atlanta, now known as The Block at Phipps. The retail property spans 9.4 acres in the city’s Buckhead neighborhood. Renovations to the center are scheduled to begin in the second quarter of this year. Capital improvements will include the addition of a 30-foot open-air corridor to connect the sidewalk along Peachtree Road and the center’s parking deck. Selig, which acquired the property with its partner in 2020, also plans to transform the space along …

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Development-at-Cadillac-Square-Detroit
DevelopmentMichiganMixed-useNews

Bedrock Plans 1.5 Million-Square-Foot Cadillac Square Mixed-Use Development in Detroit

by Hayden Spiess

Detroit —Bedrock has unveiled plans for Development at Cadillac Square, a 1.5 million-square-foot mixed-use campus in downtown Detroit. The site is located near Ford Field, home of the NFL’s Detroit Lions, as well as Campus Martius Park and Cadillac Square. The development will feature residential, retail, office and entertainment space, as well as parking. Bedrock is owned by billionaire and Rocket Cos. founder Dan Gilbert, who with his companies has invested $5.6 billion in the purchase and rehabilitation of buildings in downtown Detroit, according to Forbes. Gilbert himself boasts a …

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DevelopmentLeasingMassachusettsNewsRestaurants

Teresa’s Ristorante to Open 12,500-Square-Foot Eatery in Boston Suburb

by Hayden Spiess

Woburn, Mass. — Teresa’s Ristorante will open a 12,500-square-foot Italian eatery in Woburn, a northern suburb of Boston. The space, which features private dining rooms and a patio, is currently being renovated, and the restaurant expects to open this spring. John Halsey and Steve Cusano of Cummings Properties represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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Eleven-Park_Indianapolis
DevelopmentIndianaMixed-useNews

Keystone Group, Indy Eleven to Break Ground on $1 Billion Mixed-Use Project in Downtown Indianapolis

by Hayden Spiess

Indianapolis — Keystone Group and the Indy Eleven professional soccer club have announced plans to break ground this May on Eleven Park, a mixed-use development in Indianapolis. Anchored by a 20,000-seat multipurpose stadium that will host Indy Eleven’s home games, the project will transform the southwest quadrant of downtown Indianapolis. The Indianapolis Star reports the project has a price tag of $1 billion. In addition to the stadium, Eleven Park will feature 600 apartment units; 205,000 square feet of office space; nearly 200,000 square feet of shops and restaurants; a …

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