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 …
Topeka, Kan. — Advisors Excel is underway on the mixed-use redevelopment of West Ridge Mall, a 992,000-square-foot enclosed mall located in Topeka. Upon completion, the property will house the new company headquarters for Advisors Excel, as well as coworking spaces and retail uses including theaters, fitness concepts, spas, breweries and cafes. Macy’s and Sears previously anchored the mall, which was originally opened in 1988. The retailers closed at the location in 2012 and 2018, respectively. Russell Glen will serve as a partner on the redevelopment project. RDC will serve as architect …
Lexington, S.C. — Lexington Land Development Co. has broken ground on Platt Springs Crossing, a $65 million mixed-use project in the Columbia suburb of Lexington. Upon completion, the 57-acre project will comprise a Lowes Foods grocery store, 10,000 square feet of inline retail space, 13 retail outparcels and 142 residential townhouses. Tenants at the development will include Chipotle Mexican Grill (which began construction earlier this summer), Panda Express, Whataburger, Harbor Freight Tools, Heartland Dental, WellStreet Urgent Care, Big Blue Marble Academy, Planet Fitness and Tidal Wave Car Wash. A construction timeline …
Fort Myers, Fla. — The Sembler Co. and Forge Capital Partners are underway on the redevelopment of Daniels Crossing, a Publix-anchored retail center located in Fort Myers. Scheduled for completion in summer 2025, the project includes the demolition of the existing 48,890-square-foot Publix and 4,700 square feet of inline space. Once complete, the redevelopment will feature a new, 48,387-square-foot Publix and adjacent 3,010-square-foot Publix Liquors. Other tenants at the property include Duck Donuts, Millenium Physician Group, Potts Sport Café, Quest Diagnostics, School of Rock, Subway, Sugaring NYC and The UPS Store.
San Leandro, Calif. — Colliers Mortgage has secured a $33 million bridge loan to refinance Bayfair Mall in San Leandro. The 715,000-square-foot property is being redeveloped into a mixed-use retail power center and R&D campus in San Leandro. Shahin Yazdi, Jonathan Lee, Tommy Adelson and William Hyatt of Colliers arranged the financing, which includes a 36-month term with optional extensions, on behalf of the borrower, B3 & Gaw. The borrower’s multi-phase business plan includes closing the indoor corridors of the mall, renewing leases for existing retail tenants and filling vacancies with …