Development

Shops at Creekside

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

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

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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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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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

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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Fifth-Broadway-Project_Nashville

Nashville, Tenn. — Brookfield Properties has opened the retail and dining component of Fifth + Broadway, a six-acre mixed-use project in downtown Nashville. Brookfield and local developer Pat Emery partnered on the development.  Designed by Gresham Smith and Gensler, the newly opened portion of Fifth + Broadway features 200,000 square feet of restaurants and retail space, along with parking garages that hold 2,145 cars. Retail tenants include Nash Collection, REVV, Ariat, Ray-Ban, Free People, The Dry House, Veseo Lingerie & Swimwear, Molly Green and others. Restaurant tenants include Hattie B’s …

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1207-E-Brandon-Blvd_ Brandon copy

Brandon, Fla. — HGreg.com, a pre-owned automotive retailer, has expanded to a 10-acre property in the Tampa Bay Area. The retailer plans to open its new regional fulfillment center and dealership in Brandon this spring. Construction costs are estimated at more than $30 million. Located at 1207 E Brandon Blvd. in Hillsborough County, the new facility will feature a 42,000-square-foot building, a showroom and an inventory of more than 1,000 pre-owned vehicles. The new property will allow HGreg.com to expand its service offering, both digital and onsite, to car buyers throughout …

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Milton, Fla. —  Branch Properties and Merganser Enterprises LLC are set to break ground on a Publix-anchored shopping center in Milton known as Merganser Commons at Dogwood Estates. The 66,921-square-foot shopping center is slated for completion in April 2022. The property will include a 46,811-square-foot Publix, two additional buildings totaling 20,110 square feet of retail space and a 1.3-acre outparcel with up to 7,500 square feet of retail space. Branch Properties and JLL’s Emily Miller are currently pre-leasing space at Merganser Commons.

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Babcock Ranch, Fla. — JLL Capital Markets has secured construction financing for the development of Crescent B Commons, an 82,640-square-foot, Publix-anchored neighborhood shopping center in Babcock Ranch, a new town situated northeast of Fort Myers. Tarik Bateh and Jennifer Swanson of JLL arranged the loan through Ameris Bank on behalf of the developer, Kitson & Partners. Construction on the center began in August 2020 and is slated for completion in summer 2021. The Publix is set to open shortly after. Crescent B Commons will be located in the front of Babcock Ranch, …

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