Monday, November 10, 2025
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Paradise Valley Mall
ArizonaDevelopmentInvestment salesNews

Macerich Sells Paradise Valley Mall in Phoenix for $100 Million, Plans Redevelopment

by Julia Sanders

Phoenix — Macerich has completed the disposition of Paradise Valley Mall in Phoenix. A newly formed joint venture with an affiliate of RED Development acquired the property for $100 million. The buyer plans to redevelop the property as a 92-acre mixed-use project. The 1970s-era Paradise Valley Mall has been rezoned to allow for a mix of offerings, including high-end grocery, restaurants, multifamily residences, offices, retail space and other elements. The redevelopment will feature approximately 3.25 million square feet of non-residential uses and 3.25 million square feet of residential uses, totaling …

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The District at Veridian
DevelopmentIllinoisNews

UrbanStreet Group to Develop Mixed-Use Project in Suburban Chicago

by Julia Sanders

Schaumburg, Ill. — UrbanStreet Group has unveiled plans to develop The District at Veridian in Schaumburg, a northwest suburb of Chicago. The District is part of the larger 225-acre mixed-use campus known as Veridian. The District will comprise 30 acres with 159,000 square feet of retail space and 900 loft-style residences. Additionally, The Cordish Cos. will develop its entertainment concept known as Sports & Social. Completion of The District is slated for spring 2023. Mason Retail Group is handling retail leasing.

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DevelopmentMarylandNews

Brandywine Realty Trust, Terrapin Development to Build $300 Million Mixed-Use Neighborhood on UMD Campus in College Park

by Julia Sanders

College Park, MD. — Terrapin Development Co. (TDC), in partnership with the University of Maryland-College Park (UMD), has entered into an exclusive development agreement with Brandywine Realty Trust for an upcoming mixed-use project on the UMD campus. The Philadelphia-based REIT will develop a mixed-use neighborhood spanning five acres in College Park within the university’s Discovery District. The development project is set to cost over $300 million. The development will feature 550,000 square feet of Class A workspaces encompassing research, office, collaboration and retail space, as well as 200 to 250 …

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The Farm at Allen
DevelopmentNewsTexas

JaRyCo Breaks Ground on 135-Acre Farm at Allen Mixed-Use Project in Metro Dallas

by Julia Sanders

Allen, Texas — JaRyCo has broken ground on The Farm at Allen, a 135-acre mixed-use project located at the southeast corner of the Sam Rayburn Tollway and Alma Drive in the northeastern Dallas suburb of Allen. The site was originally purchased by local resident Bob Johnson Sr. and his wife, Doris, in the 1960s and used for raising cattle and growing corn, wheat and hay. Plans for the project call for 1.6 million square feet of office space, 142,000 square feet of retail space, 60,000 square feet of restaurant space, …

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Rivana
DevelopmentNewsVirginia

Novais Partners, Hanover Co. Plan 4.4 Million-Square-Foot Mixed-Use Project in Metro D.C.

by Julia Sanders

Ashburn, Va. — A joint venture between Novais Partners and the Hanover Co. has announced plans for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development located 30 miles outside Washington, D.C., in Ashburn. The 103-acre, transit-oriented project will be developed adjacent to Loudoun County’s extension of the Metro Silver Line, one stop from Washington-Dulles International Airport. Current plans for the project include 2,000 multifamily units; 1.8 million square feet of Class A office space; a 185,000-square-foot retail village; a 265-room boutique hotel; and a network of green and public …

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At Home
DevelopmentNewsOklahoma

At Home Opens 117,552-Square-Foot Store at Plaza at Quail Springs in Oklahoma City

by Julia Sanders

Oklahoma City — Home furnishings retailer At Home has opened a 117,552-square-foot store at Plaza at Quail Springs, a shopping center in Oklahoma City. JAH Realty owns the center, which is located at 2201 NW 138th St. near Quail Springs Mall on the city’s north side. At Home is backfilling a space formerly occupied by three separate tenants. The company’s total store count now stands at 225.

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North Charleston Navy Yard
DevelopmentNewsSouth Carolina

Jamestown, Private Developers Partner to Redevelop North Charleston Navy Yard

by Julia Sanders

North Charleston, S.C. — Jamestown, an Atlanta-based developer and owner of adaptive mixed-use developments around the world, has partnered with Southeast real estate developers William Cogswell and Jay Weaver to redevelop the 45-acre North Charleston Navy Yard. Decommissioned in 1996 but still home to dozens of companies, the waterfront campus will be reimagined into a 1.2 million-square-foot mixed-use neighborhood called Navy Yard Charleston. The project will add new office space, residences, shopping and dining to the nearby Park Circle neighborhood, as well as new green spaces, a concert hall and …

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Former FedEx
DevelopmentMissouriNews

Block & Co. Transforms FedEx location to Retail in Independence, Missouri

by Julia Sanders

Independence, Mo. — Block & Co. Inc. Realtors investment group, headed by Phil Peck and Marshal Blount, has acquired a former FedEx facility located at 3721 Noland Road in Independence. The 8,385-square-foot building has been repurposed into a four-unit, multi-tenant retail center. Construction of a brand-new parking lot and building facade was also completed in 2020. Peck and Blount leased three of the four available units to Little Caesars, Grassroots Dispensary and Cricket Wireless. Little Caesars is currently open for business and both Grassroots dispensary and Cricket Wireless anticipate opening …

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Highside Market
DevelopmentGeorgiaNews

Cotton Cos. to Open 55,000-Square-Foot Highside Market in Columbus, Georgia

by Julia Sanders

Columbus, Ga. — The Cotton Cos. is bringing Highside Market, an urban infill and adaptive reuse mixed-use development, to Columbus. The first phase of the development is expected for completion in September, and Cotton Cos. plans to fully open the project by the third quarter of 2022. Located at the intersection of 13th Street and 2nd Avenue, Highside Market will feature four retail, dining, work and gathering spaces. The mixed-use development will also include full-service, dine-in and fast-casual restaurants; 20,000 square feet of retail space; 10,300 square feet of office …

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DevelopmentNewsTexas

McLeod Sears Underway on Redevelopment of Former Kmart in Portland, Texas

by Julia Sanders

Portland, Texas — Houston-based McLeod Sears is underway on the redevelopment of an 83,000-square-foot former Kmart store in the Gulf Coast city of Portland. Construction will soon begin on pad sites for two tenants — Chick-fil-A and Autozone — that have committed to the new center, which is located near the Port of Corpus Christi. Z Construction is the general contractor for the project.

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