Development

Galley-Levee_Newport-Kentucky
DevelopmentKentuckyNewsRestaurants

North American Properties, Galley Group to Open Food Hall at Newport on the Levee in Kentucky

by Hayden Spiess

Newport, Ky. — North American Properties (NAP) has partnered with Galley Group, a Pittsburgh-based food hall operator, to open a new food hall and bar at Newport on the Levee, a mixed-use destination along the Ohio River in Newport. The 7,900-square-foot venue, dubbed The Galley on the Levee, will feature four restaurants and a signature bar that will be able to accommodate 200 patrons. Designed by Reztark Design Studio, the food hall will open onto Bridgeview Box Park, an open-air shipping container park that opened in 2020 as part of …

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Ovation
DevelopmentMixed-useNewsTennessee

Joint Venture to Develop 145-Acre Mixed-Use Project in Metro Nashville

by Hayden Spiess

Franklin, Tenn. — Toro Development Co. (TDC), Highwoods Properties Inc. and Ignite Realty Partners (IRP) have partnered to develop Ovation, a 145-acre mixed-use project located in Franklin, roughly 20 miles south of Nashville. Highwoods will deliver the office component of the project, with TDC developing a 60-acre parcel comprising retail, multifamily residential and hospitality uses. TDC’s team is led by Mark Toro, John Kelley, Richard Munger, Vicky Boyce and Carla Cox. Mars Petcare’s North American headquarters — which is owned and was developed by Highwoods and features collaborative office space …

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DevelopmentLeasingNewsPennsylvania

The Home Depot to Open 136,000-Square-Foot Store in Trexlertown, Pennsylvania

by Hayden Spiess

Trexlertown, Pa. — The Home Depot will open a 136,000-square-foot store at Macungie Crossing, a 182,000-square-foot shopping center that is under construction in the Lehigh Valley community of Trexlertown. New York City-based RD Management is developing the project, construction of which is underway and expected to be complete next summer. The Atlanta-based home improvement retailer now operates about 70 stores in Pennsylvania.

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South-End-Norcross-Ga
DevelopmentGeorgiaMixed-useNews

terra alma to Redevelop South End Norcross Mixed-Use Property in Metro Atlanta

by Hayden Spiess

Norcross, Ga. — Tile Tech Renewal Co. has appointed terra alma to lease space comprising over an acre and several buildings at South End, a mixed-use property in downtown Norcross, about 20 miles outside of Atlanta. Redevelopment efforts will include 4,500 square feet of new construction as well as the preservation and adaptive reuse of existing buildings. Buildings at the property include an almost 100-year-old former gas station — now Rose & Hemp, a CBD store — and two buildings that are more than 70-years-old and were previously used for …

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DevelopmentFinanceLouisianaNews

Schelin Uldricks Secures $13.9 Million Construction Loan for Shopping Center in Lake Charles, Louisiana

by Hayden Spiess

Lake Charles, La. — Schelin Uldricks & Co. has arranged $13.9 million in financing for the redevelopment of University Plaza, a grocery-anchored shopping center located at the corner of Ryan Street and Sale Road in the southeast Louisiana city of Lake Charles. Financing will enable the renovation of portions of the property that experienced hurricane damage in 2020. When finished, the retail center will span 203,965 square feet. An undisclosed regional bank provided the loan. The property is currently leased to a mix of tenants that include a fitness center, …

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Tom-Thumb-Willow-Bend-Market
DevelopmentGrocery-anchoredNewsTexas

Weitzman Completes Renovation of 175,000-Square-Foot Shopping Center in Plano, Texas

by Hayden Spiess

Plano, Texas — Weitzman has completed the renovation of Willow Bend Market, a 175,000-square-foot retail center located in Plano. The center was originally built in 1997 and is anchored by grocer Tom Thumb, and the reconfiguration of that store represented a major piece of the renovation. Bernard Shaw of Weitzman oversaw the project, with Emilie Paulson of Weitzman acting as project leasing agent. Additional upgrades included the enhancement of building electrical systems, parking areas and landscaping, as well as other aesthetic improvements. Willow Bend Market also features an array of …

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Target-Rendering-Vineyard-Freeway-Center-Ontario-Calif
CaliforniaDevelopmentLeasingNews

Progressive Arranges 70,000-Square-Foot Lease with Target in Metro Los Angeles

by Hayden Spiess

Ontario, Calif. — Progressive Real Estate Partners has completed a lease with Target at Vineyard Freeway Center in Ontario, a 151,000-square-foot shopping center approximately 35 miles east of Los Angeles. Target will occupy 70,000 square feet of a building formerly leased to Kmart, which closed in 2018. Planet Fitness leased 24,000 square feet at the building earlier this year. Target’s new lease marks full occupancy of the 94,000-square-foot space. Paul Galmarini and Paul Su of Progressive represented the landlord in the negotiation. Jeff Nichols and Ryan Sullivan of CBRE represented …

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Magnolia-Village-Houston
DevelopmentLeasingMixed-useNewsRestaurantsTexas

Seven New Tenants Sign on to 60-Acre Development in Houston

by Hayden Spiess

Houston — Magnolia Village, a 60-acre mixed-use development currently under construction in Houston, will see the addition of seven new tenants to its 36-acre first phase. Gulf Coast Commercial Group Inc. has secured leases with Crust Pizza Co., Pacific Dental Services, Taco Bell, McDonald’s, Mister Car Wash, Sports Clips Haircuts and Nails of America. Danny Miller of Gulf Coast represented the landlord in all negotiations. Thomas Holdsworth of Ironbridge Realty Partners also represented the landlord in the agreements with Crust Pizza Co., Pacific Dental Services and Nails of America. Brett …

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Annapolis-Town-Center-Annapolis-Md
DevelopmentGrocery-anchoredLeasingMarylandMixed-useNews

Trademark Completes Renovation of 2 Million-Square-Foot Mixed-Use Development in Annapolis

by Hayden Spiess

Annapolis, Md. — Trademark Property Co. has completed the renovation of Annapolis Town Center, a mixed-use development comprising 2 million square feet in Annapolis. Improvements to the property included the addition of green space and a new community gathering area called Green Village; a climate-controlled paseo for improved connectivity and walkability; improved signage and wayfinding; and art from local artists. Whole Foods Market and Target anchor the property, which is home to retailers including Anthropologie, Restoration Hardware and Paper Source. A number of new tenants are set to open within …

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Bella-Terra-Huntington-Beach-Calif
CaliforniaDevelopmentMallsMixed-useNews

DJM, PGIM Receive Approval for Mixed-Use Project at Bella Terra Shopping Center in Metro Los Angeles

by Hayden Spiess

Huntington Beach, Calif. — A partnership between DJM and PGIM has received approval for a mixed-use redevelopment project at Bella Terra, an 852,000-square-foot retail property located roughly 35 miles outside Los Angeles in Huntington Beach. Plans for the project, now approved by the Huntington Beach City Council, include the demolition of a 149,000-square-foot Burlington Coat Factory-occupied building and an adjacent 33,000-square-foot building. The partnership will replace the existing buildings with a low-rise structure featuring 25,000 square feet of ground-floor retail and restaurant space and five stories of residential space, comprising …

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