Willis, Texas — Fidelis has broken ground on Phase I of The Market at Willis Shopping Center, located 48 miles north of Houston in Willis. Phase I of the project will be anchored by H-E-B and will include over 200,000 square feet of retail, restaurant and service space. The center is expected for completion in 2022. Phase II of the development is expected to break ground during the third quarter of 2022 and will include additional retail space, restaurants and a three-story, garden-style multifamily community offering 250 units. Fidelis began …
Development
Houston — Midway has broken ground on East River, a 150-acre mixed-use project that is located on the Buffalo Bayou in Houston’s Historic Fifth Ward. Phase I will center around development of The Laura, a 360-unit apartment community, as well as 250,000 square feet of office space and 110,000 square feet of retail and restaurant space. In addition, the first phase — completion of which is slated for 2023 — will include 13,000 square feet of open green space for public events and live music. Lastly, a nine-hole, par-three public …
CIM Group, Miami Worldcenter Associates Break Ground on 78,000-Square-Foot Jewel Box Retail Building
Miami — CIM Group and Miami Worldcenter Associates have broken ground on the 78,000-square-foot “Jewel Box” building, one of the last retail components within the $4 billion Miami Worldcenter project. Slated for completion in the second quarter of 2022, the Jewel Box building will feature two levels of retail space. The property will also include a rooftop overlooking the development’s World Square, a 20,000-square-foot public plaza and park. Located at 150 NE Eighth Street, the retail development is situated directly west of the upcoming citizenM boutique hotel and north of …
Chicago — Illuminarium Experiences, an experiential entertainment company, has unveiled plans to open an Illuminarium at Chicago’s Navy Pier. The 32,000-square-foot entertainment venue, which combines projections and soundscapes to create virtual reality-like exhibits, will be situated inside the former Crystal Gardens venue. This is the fourth Illuminarium location announced in the U.S., following Atlanta, Miami and Las Vegas. The company plans to add dozens of its immersive experience venues in major cities across the globe over the next five years. In Chicago, architecture firms Rockwell Group and Perkins & Will …
Houston — EDENS is underway on the renovation of Plaza in the Park, a 143,000-square-foot shopping center in the West University area of Houston. Planned upgrades at the center, which was originally built in 1999, will include fresh paint for storefronts, more outdoor seating for diners, revamped landscaping and new pathways to connect the buildings. All tenants at Plaza at the Park — which include Kroger, Massage Envy, Sprint, Subway and Vision Optique, among others — will remain open during the renovation. Construction is scheduled to be complete in mid-fall …
Brooklyn Park, Minn. — Taco Bell is building a restaurant with a new drive-thru concept in Brooklyn Park, a suburb of Minneapolis. Construction is underway on the 3,000-square-foot, two-story restaurant. Completion is scheduled for summer 2022. Known as Defy, the new restaurant concept was developed in partnership with Minneapolis-based Vertical Works Inc., a design company that works with quick-serve restaurants, retailers and healthcare tenants. In 2020, Border Foods, one of the largest privately held Taco Bell franchisees in America, enlisted Vertical Works to create a new restaurant design. With Defy, …
Memphis, Tenn. — Marie Pizano of MVP3 Entertainment Group and Darnell Stitts of ATWEC Technologies have broken ground on MVP3 Studios, a 40-acre mixed-use entertainment project located in Memphis. The project is expected to cost $50 million and is predicted to create 600 jobs, according to WREG Channel 3 News. The co-developers purchased the 80,000-square-foot Malco Majestic Cinema theater and the surrounding 18 acres to redevelop the property for MVP3 Studios. The site will eventually house production sound stages, radio studios, music recording studios, a TV network and movie theaters. …
Forney, Texas — Victory Real Estate Group will develop The Victory Shops at Forney, a new retail project that will be located on a 26-acre lot in Forney, an eastern suburb of Dallas. Phase I of the project will consist of 44,000 square feet across four buildings. Phase II of the development will span 160,000 square feet. Tenants are set to include Kohl’s, Aspen Dental, Jamba Juice, Chiloso Tex-Mex, The Joint Chiropractic, Mod Pizza and My Eye Lab. Construction of Phase I is set to begin in mid-September and to …
Cypress, Texas — InvenTrust Properties Corp. will redevelop Cyfair Town Center, a 433,667-square-foot shopping center in the Houston suburb of Cypress. The center is anchored by Kroger, JC Penney and Cinemark. The first phase of the renovation will begin this month, with completion scheduled for the fourth quarter of 2021. The second phase will begin in January 2022 with completion anticipated in late summer 2022. InvenTrust’s improvements to the center will include new paint, LED lighting along the storefront exteriors, storefront awnings, upgraded signage and enhanced landscaping throughout the property. …
Richmond, Va. — A joint venture between Elevation Real Estate Group, Auerbach Funds and Beechmont Acquisitions has begun redevelopment at Parc Place at Short Pump Town Center, an 82,968-square-foot shopping center in the Richmond suburb of Short Pump. Renovations will include an upgrade to the center’s façade; the addition of new lighting; parking lot repairs and re-striping; upgraded landscaping; and a new marquee sign and logo. In addition, Ocean Crab Seafood will open its first Virginia location and become the anchor restaurant tenant for the center. Renovations are underway and …