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Crossroads Mall
DevelopmentNebraskaNews

Lockwood, Century Development Underway on $553 Million Redevelopment of Crossroads Mall in Omaha

by Julia Sanders

Omaha, Neb. — Lockwood Development, Century Development and the City of Omaha are redeveloping Crossroads Mall in Omaha. Demolition of the mall is currently underway and is expected to be complete in May. Plans call for a mixed-use project spanning 40 acres with 350,000 square feet of retail and restaurants; 250 apartment units; up to 500,000 square feet of office space and senior living; a 150-room hotel; and 2.5 acres of public space. An existing Target store will remain in place. Project costs are estimated at $553 million. The city …

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The Grove at Towne Center
DevelopmentGeorgiaNews

Joint Venture Breaks Ground on The Grove at Towne Center in Metro Atlanta

by Julia Sanders

Snellville, Ga. — A joint venture between the City of Snellville, CASTO and MidCity has broken ground on The Grove at Towne Center, an 18-acre mixed-use project located 30 miles outside Atlanta. The $85 million first phase of development will include over 50,000 square feet of retail, restaurant, office and entertainment space alongside 262 multifamily units. In addition, Elizabeth Williams Library will be constructed, which is set to include a second-floor business development and accelerator space.

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DevelopmentGeorgiaInvestment salesNews

Hallmark Venture Group Acquires 1.2-Million-Square-Foot Mall at Stonecrest in Metro Atlanta, Plans Mixed-Use Campus

by Julia Sanders

Stonecrest, Ga. — Hallmark Venture Group Inc. has acquired The Mall at Stonecrest, a 1.2 million-square-foot regional mall in metro Atlanta. The seller and sales price were not disclosed, but The Atlanta Journal-Constitution reports that the mall was last appraised at $84 million. Hallmark Venture is planning to transform the 29-acre mall site into a mixed-use destination that will include apartments, a sports and entertainment complex, cosmetic superstore, aquarium, medical offices, transportation facilities and restaurants. A construction timeline for the redevelopment was not announced. The Mall at Stonecrest is home …

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The Mill
DevelopmentNewsSouth Carolina

Sembler, Hawthorne Residential to Develop 46-Acre Mixed-Use Project in Myrtle Beach

by Julia Sanders

Myrtle Beach, S.C. — The Sembler Co. has announced plans to develop The Mill, a 46-acre mixed-use project in Myrtle Beach’s Carolina Forest community. The new development will include retail, office and multifamily space. Sembler is partnering with Hawthorne Residential Partners on the multifamily portion of the project. Sembler and Hawthorne expect to begin construction this summer. The Mill will include Marketplace at The Mill, a 66,680-square-foot neighborhood shopping center that features a freestanding, 46,800-square-foot Publix, as well as a six-acre parcel ideal for a medical or traditional office, hotel, …

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Shops at Creekside
DevelopmentNewsTexas

AOS Panther Creek Breaks Ground on 20,130-Square-Foot Shops at Creekside Project in Frisco

by Julia Sanders

Frisco, Texas — AOS Panther Creek has broken ground on Shops at Creekside, a 20,130-square-foot retail project located at 13030 Preston Road in Frisco. Cross Architects is designing the project, and Talley Riggins Construction Group is the general contractor. Inroads Realty is leasing the center and has secured commitments from Sweetwaters Coffee & Tea, Domino’s Pizza and a general dentistry practice. Construction of Phase I, which centers on the 13,250-square-foot main building, is underway. Construction of Phase II, which will feature a 6,880-square-foot building that could become a build-to-suit, is …

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Target
DevelopmentNew YorkNews

Marx Realty Breaks Ground on 130,000-Square-Foot Retail Project for Target in Yonkers, New York

by Julia Sanders

Yonkers, N.Y. — Marx Realty, a division of Merchants National Properties, has broken ground on a 130,000-square-foot project for Target in the New York City suburb of Yonkers. The store will be located at the site of a former Sears that closed in 2019 within Cross County Center, a 1.1 million-square-foot open-air shopping and dining destination. In addition to Target, H&M recently signed a long-term renewal for its 28,000-square-foot space, which is currently undergoing a $5 million remodeling. Target, which has committed to a 40-year lease, expects to open its …

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Lone Star District
DevelopmentMixed-useNewsTexas

Midway, GrayStreet Unveil Plans for Lone Star District Mixed-Use Project in San Antonio

by Julia Sanders

San Antonio  — Houston-based developer Midway and private equity firm GrayStreet Partners have unveiled plans for Lone Star District, a mixed-use project in San Antonio that will be a redevelopment of the former Lone Star Brewery site. The site borders the San Antonio River and is located roughly 1.5 miles from the downtown area. Plans for Phase I of the 32-acre development call for 250 multifamily units, 100,000 square feet of office space office and 50,000 square feet of retail, restaurant and entertainment space. Project partners include master-plan architects Lake|Flato …

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DevelopmentNewsTexas

Baker Katz Breaks Ground on 50-Acre Retail Development in Brenham, Texas

by Julia Sanders

Brenham, Texas — Baker Katz has broken ground on Brenham Crossing, a 50-acre retail development located at the southwest and southeast corners of Highway 290 and Chappell Hill Road in Brenham. Five retailers are set to open within the 163,518-square-foot first phase of development, including Hobby Lobby, Marshalls, Five Below, Burke’s and PetSmart. Jeff Stein of Dallas-based CBRE Group Inc. secured financing for the development, which is scheduled to open next year.

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DevelopmentNevadaNews

Parkview Financial Provides $100 Million Loan for Conversion of Harrah’s Hotel and Casino to Mixed-Use Project in Downtown Reno

by Katie Sloan

Reno, Nev. — Parkview Financial has provided a $100 million loan to Reno City Center, an affiliate of Las Vegas-based CAI Investments. The funds will be used for the renovation and redevelopment of Harrah’s Reno Hotel and Casino into Reno City Center, a mixed-use project. Gryphon Private Wealth Management’s opportunity zone fund provided the equity. Located at 219 N. Center St. in downtown Reno, the development will include 538 apartments and more than 250,000 square feet of office and retail space. The existing 6.3-acre, 15-building property comprises approximately 1.4 million …

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Cross-Creek-Ranch-Malibu_Malibu-copy
CaliforniaDevelopmentMixed-useNews

Pacific Equity Properties Receives $130 Million Construction Financing for Mixed-Use Development in Malibu, California

by Katie Sloan

Malibu, Calif. — Pacific Equity Properties Inc. has received $130 million in construction financing for Cross Creek Ranch Malibu, a 112,000-square-foot mixed-use development in Malibu, a beach city just west of downtown Los Angeles. Cross Creek Ranch is the largest development to be approved since the Malibu incorporated in 1991, according to the developer. The property will offer 70,000 square feet of retail and restaurant space, including 10,000 square feet of interior dining, and 42,000 square feet of Class A office space. More than 80 percent of Cross Creek Ranch’s 12.9-acre grounds will …

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