Development

Delray Beach Market
DevelopmentFloridaNews

Menin to Open 150,000-Square-Foot Delray Beach Market in Delray Beach, Florida

by Julia Sanders

Delray Beach, Fla. — Menin is set to open Delray Beach Market, a 150,000-square-foot food hall and retail center located in Delray Beach. The property will feature over 25 local and regional eateries, a rotating roster of pop-up vendors, bars, outdoor seating and a show kitchen. Delray Beach Market will also offer dining and creative food incubators, a beverage program, food trucks, art exhibitions and programming including live music shows, culinary classes and curated events. Restaurants on the ground floor will include Sorella’s, an artisanal pasta house by chef Jimmy …

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Gateway Market Center
DevelopmentFloridaNews

InvenTrust to Redevelop 231,058-Square-Foot Gateway Market Center in Tampa Bay Area

by Julia Sanders

St. Petersburg, Fla. — InvenTrust Properties Corp. will redevelop Gateway Market Center, a 231,058-square-foot shopping center in the Tampa Bay area anchored by Target and Publix. The property is located at 7751-8229 9th St. N in St. Petersburg. Construction is scheduled to begin in the first quarter of 2022 with the renovation taking approximately 18 months to complete. InvenTrust’s improvements to Gateway Market Center will include the demolition of approximately 60,000 square feet of existing building area and the construction of several new buildings. Two new anchor-sized buildings will be …

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Lazy Acres
CaliforniaDevelopmentNews

CGI+, Megdal Investments to Develop 31,000-Square-Foot Lazy Acres Market in Los Angeles

by Julia Sanders

Los Angeles — CGI+ Real Estate Investment Strategies, in partnership with Megdal Investments, has acquired the third and final piece of a 1.7-acre land assembly at the southwest corner of Franklin and Western Avenues in Los Angeles’ Los Feliz neighborhood. The single-tenant, 24,000-square-foot property, which Rite Aid formerly occupied, will be redeveloped into 31,000-square-foot Lazy Acres Market, a division of Good Food Holdings. The organic grocery store signed a long-term lease with CGI+. The new store is scheduled to open by year’s end. CGI+ has started renovations and redevelopment, which …

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Midtown Exchange
DevelopmentFinanceNewsNorth Carolina

Avison Young Secures $40 Million Financing for Midtown Exchange Project in Raleigh

by Julia Sanders

Raleigh, N.C. — Avison Young has secured a $40 million senior loan to fund the pre-development activities and horizontal infrastructure construction for Midtown Exchange, a $1 billion mixed-use development underway in Raleigh. The developer of Midtown Exchange, Dewitt Carolinas, received the funding for the 353,000-square-foot office tower. Wes Boatwright, Mike Yavinsky and Jon Goldstein of Avison Young led the financing transaction through an undisclosed lender. At full buildout, Midtown Exchange will include 790,000 square feet of Class A office space, 1,275 residential units, 300 seniors housing units, 300 hotel rooms, …

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Top Golf
DevelopmentGeorgiaNews

Topgolf to Open Fourth Georgia Venue at Fuqua Development’s Exchange at Gwinnett in Metro Atlanta

by Julia Sanders

Buford, Ga. — Topgolf Entertainment Group has opened a fourth Georgia venue in Buford, roughly 38 miles outside Atlanta. The property anchors the Exchange at Gwinnett, a mixed-use project by Fuqua Development near the Mall of Georgia. The multi-level Topgolf Buford location will feature 72 climate-controlled hitting bays and a chef-driven food and beverage menu that guests can order from during their stay. The Exchange at Gwinnett features more than 465,000 square feet of retail, restaurants, office space, hotel space and residential units. Additional tenants include retailers such as Five …

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Proper Cannabis
DevelopmentMissouriNews

IMPACT Strategies Completes Construction on Two Cannabis Dispensaries for Proper Brands in Missouri

by Julia Sanders

South County and Warrenton, Mo. — IMPACT Strategies has completed the construction of two cannabis dispensaries for Proper Brands in Missouri. Both projects involved the repositioning of existing retail buildings located in South County and Warrenton. Both store locations feature specialized security measures and vaults. The interiors feature black and white design with light wood accents and midcentury modern furniture. IMPACT worked with Eddy Design Group and Case Engineering. Proper Brands is a medical marijuana company in the state of Missouri.

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The Shops at Sportsmen's Lodge
CaliforniaDevelopmentNews

Midwood to Open $100 Million Shops at Sportsmen’s Lodge in Studio City, California

by Julia Sanders

Studio City, Calif. — Midwood Investment & Development is nearing completion of The Shops at Sportsmen’s Lodge, a $100 million retail redevelopment of land formerly occupied by a meeting and convention center in Studio City. A rolling opening for the 95,000-square-foot property is scheduled to begin this summer. The Shops at Sportsmen’s Lodge will be anchored by Erewhon, a Los Angeles-based market and café known for its selection of organic, healthy foods. Other tenants will include Civil Coffee, Free People Movement, Madison Reed, Myodetox, Roberta’s Pizza, SALT Optics, Tocaya, Tuesday’s …

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High North
DevelopmentNewsOhio

Direct Retail Partners to Begin Redevelopment of Shops at Worthington Place Mall in Suburban Columbus

by Julia Sanders

Worthington, Ohio — Direct Retail Partners has received the final zoning approval to begin construction on Phase I of the redevelopment of the Shops at Worthington Place in Worthington, a northern suburb of Columbus. The project, known as High North, will transform the shopping mall into a mixed-use development, anchored by a 125,000-square-foot Class A office building. Five floors of office space will sit atop four levels of structured parking. The first floor will be surrounded by a WiFi-enabled public courtyard. Dining and grocery options like Panera Bread, First Watch, …

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Dragon Donuts
DevelopmentLeasingNewsOhio

Four New Tenants Open at Easton Town Center in Columbus

by Julia Sanders

Columbus, Ohio — Four new tenants have opened within the latest $500 million expansion of Easton Town Center, a 1,300-acre mixed-use project by The Georgetown Co., L Brands and Steiner + Associates in Columbus. New tenants include Pins Mechanical Co, Dragon Donuts, Slurping Turtle and LemonShark Poké & Makai Grill. Pins Mechanical Co. has opened in a 38,000-square-foot, two-story space. The entertainment concept offers three full-service bars; a mezzanine level with stadium seating; 16 bowling lanes; over 60 pinball and arcade games; bocce ball; and bubble hockey. Dragon Donuts has …

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The Press
DevelopmentFinanceFloridaNews

Tricera Capital Obtains $50.8 Million Loan for Adaptive Reuse Development in West Palm Beach

by Julia Sanders

West Palm Beach, Fla. — Tricera Capital has obtained a $50.8 million loan for The Press, a mixed-use project in West Palm Beach. The transaction refinances an existing loan and provides the company with funding to complete its redevelopment of the existing Palm Beach Post campus. Jason Krane and Simon Ziff of Ackman-Ziff Real Estate Group arranged the financing on behalf of Tricera through Monroe Capital LLC. Law firm Polsinelli served as Tricera’s legal representative for the transaction. Located on more than 11 acres at 2751 S. Dixie Highway, the …

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