Development

Bronzetown
DevelopmentIllinoisNews

City of Chicago Approves $3.8 Billion Mixed-Use Project at Former Michael Reese Hospital Site

by Julia Sanders

Chicago — The Chicago City Council has given approval for the development of Bronzeville Lakefront, a $3.8 billion mixed-use project located in Bronzeville, a South Side neighborhood. Michael Reese Hospital and Medical Center, which closed in 2008, formerly occupied the 48-acre development site. The City of Chicago acquired the property in 2009 and cleared most of the land over the ensuing months. A team of local developers known as GRIT was selected to purchase the site for $96.9 million through a redevelopment agreement. GRIT comprises Farpoint Development, Loop Capital Management, …

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USQ
DevelopmentMassachusettsNews

Joint Venture Breaks Ground on $2 Billion USQ Mixed-Use Project in Metro Boston

by Julia Sanders

Somerville, Mass. — US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments and USAA Real Estate, has broken ground on a $2 billion mixed-use project known as USQ in Somerville, just northwest of Boston. The 15-acre, transit-oriented development is situated in the city’s historic Union Square neighborhood at the southeast corner of Somerville Avenue and Prospect Street. An official groundbreaking ceremony took place this morning. Totaling 2.4 million square feet, USQ has been in the making for decades, according to the development team. Plans call for …

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Waterpoint Center
DevelopmentNewsTexas

Gordon Partners Completes 35,000-Square-Foot Mixed-Use Expansion Project at Lake Conroe

by Julia Sanders

Conroe, Texas — Houston-based Gordon Partners has completed the 35,000-square-foot expansion of Waterpoint Center, an office, retail and restaurant development located north of Houston on Lake Conroe. Retail and restaurant users that will soon be opening at the 140,000-square-foot waterfront property include Akashi Asian Bistro, Crust Pizza Co., Boardwalk Boutique, The Paleta Bar, Hunger Crush Café and Bar Lago Craft Cocktails. Gordon Partners will soon break ground on an additional 10,000 square feet of office and medical space that is expected to be complete in the first quarter of 2022.

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Ulta
DevelopmentIllinoisNews

Target, Ulta Beauty Reveal Brands and Locations Ahead of August Launch

by Julia Sanders

Minneapolis and Bolingbrook, Ill. — Target Corp. and Ulta Beauty have revealed further details about the Ulta Beauty at Target launch, which is slated to begin rolling out in more than 100 Target stores nationwide and online this August. Most of the initial locations will be concentrated in California, Colorado, Florida, Illinois, Minnesota, New York and Texas. The “shop-in-shop” retail concept will include 50 specially curated brands. The two companies are planning to roll out the concept at 800 Target stores in the coming years. Each shop-in-shop will be placed …

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Post Oak Plaza
DevelopmentNewsTexas

Levcor to Redevelop 503,000-Square-Foot Post Oak Plaza in Uptown Houston

by Julia Sanders

Houston — Levcor will redevelop Post Oak Plaza, a 503,000-square-foot shopping and dining destination in Houston’s Uptown neighborhood. Architecture firm BRR is leading the design of the project, which will be carried out in phases throughout 2022. The development team will upgrade storefronts to allow more natural light, introduce communal outdoor gathering spaces, widen pathways that connect buildings and install new landscaping features. Businesses will remain open throughout the redevelopment project. Current tenants at Post Oak Plaza include Bill Walker Clothier, Eye Elegance, FedEx, Home Source, Madison Lily, Pinto Ranch, …

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Colony Square
DevelopmentGeorgiaNews

North American Properties Completes Redevelopment of Colony Square in Midtown Atlanta

by Julia Sanders

Atlanta — North American Properties has completed the redevelopment of Colony Square, a mixed-use project located at the intersection of 14th and Peachtree streets in the Midtown neighborhood Atlanta. The project included renovations on two existing buildings totaling 200,000 square feet, and the ground-up development of a movie theatre and Politan Row food hall, as well as two new Class A office buildings with street-level retail. General contractor Hoar broke ground on Phase I of the multi-phase project in October 2017. In total, Colony Square offers 940,000 square feet of …

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DevelopmentNewsTexas

Mesquite City Council Approves Shadow Creek Crossing Retail Project

by Julia Sanders

Mesquite, Texas — The City Council of Mesquite, located east of Dallas, has approved a proposal for the development of a retail project that will be known as Shadow Creek Crossing. Shadow Creek Crossing will be developed on a seven-acre site adjacent to John D. Horn High School that is owned by an entity doing business as LF Gateway LP. At full buildout, Shadow Creek Crossing could span as much as 57,500 leasable square feet across six buildings. A firm construction timeline was not released.

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Politan Row
DevelopmentGeorgiaNews

North American Properties Opens Politan Row Food Hall at Colony Square in Midtown Atlanta

by Julia Sanders

Atlanta — Developer North American Properties (NAP) has opened Politan Row, a new food hall at its newly redeveloped Colony Square mixed-use project in Midtown Atlanta. The food hall is located at the corner of 14th and Peachtree streets and features space for 11 independent food and beverage concepts, a central bar, an event space and a hidden bar. An entity known as Politan Group operates the food hall. The nine open purveyors at Politan Row include Belli Pizzeria, Bun Mi Grill, Federal Burger, Gekko, Locale Cafe, Pretty Little Tacos, …

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DevelopmentNewsOhio

Washington Prime Group, Synergy to Redevelop Former Department Store in Ohio into Office Space

by Julia Sanders

Beavercreek, Ohio — Washington Prime Group Inc. (NYSE: WPG) and Synergy & Mills Development will redevelop a former department store building at The Mall at Fairfield Commons in Beavercreek into office space. The store spans two stories and 150,000 square feet in suburban Dayton. The project will be called The Meridian at Fairfield Commons. Synergy plans to begin construction to redevelop the existing building into office, laboratory and research and development space starting in late 2021. The project is part of a larger strategy by WPG to diversify its tenancy …

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Sawyers Walk
DevelopmentFloridaNews

Swerdlow Group Breaks Ground on $300 Million Sawyer’s Walk Mixed-Use Development in Miami

by Julia Sanders

Miami — Swerdlow Group has broken ground on Sawyer’s Walk, a 1.4 million-square-foot mixed-use development in Miami’s Overtown neighborhood that will include 250,000 square feet of retail space below 578 apartments designated for low-income seniors. Swerdlow Group is collaborating with the Southeast Overtown/Park West Community Redevelopment Agency (CRA) on the $300 million project. Swerdlow Group and its partners, Delray Beach, Florida-based SJM Partners and Miami-based Alben Duffie, acquired the 3.4-acre property at 249 NW 6th St. from the Community Redevelopment Agency for $10 million. Construction is scheduled for completion in …

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