Mixed-use

Little River District

Miami — The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development in Miami’s Little River and Little Haiti neighborhoods. SG Holdings, a joint venture between Swerdlow Group, SJM Partners and Alben Duffie, is the developer. Spanning 63 acres, the project is expected to include more than 5,700 affordable and workforce housing units alongside big box retail stores, small businesses, a major grocery operator, green public space and transit infrastructure with the addition of a new train station. Construction is expected to begin in …

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The Station at Riverdale Park

Riverdale Park, Md. — First Washington Realty has acquired a 163,000-square-foot shopping center in the Washington, D.C. suburb of Riverdale Park. The shopping center, which is situated within the mixed-use district of The Station at Riverdale Park, is anchored by Whole Foods Market. Additional tenants at the shopping center include Burton’s Grill, Starbucks Coffee, Gold’s Gym and Jersey Mike’s. Amrit Chase negotiated the transaction on behalf of First Washington Realty on an internal basis.

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"Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead" panel

The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …

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Lewes, Del. — Lument has arranged a $14 million mortgage for the refinancing of Mi-Place at Vineyards, a 65,000-square-foot mixed-use development in Lewes. New Jersey-based developer Fernmoor was the borrower. Ben Retter of Lument’s Debt Capital Markets team arranged the CMBS loan, which carries a five-year, fixed interest rate. The loan will replace existing debt from a local bank. Mi-Place at Vineyards is part of a master-planned community that includes retail space, multifamily buildings, residential condominiums, carriage homes, townhouses and a grocery store. Beginning in 2010, construction for the property …

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Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1-million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The original …

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Legends Pointe

Clermont, Fla. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office, represented the seller, a local LLC, in the transaction.  

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Inman Quarter

Atlanta — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises multiple restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The sales price and Jamestown’s …

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Medina Station

Mesa, Ariz. — SimonCRE has acquired 64 acres of land for a new mixed-use development, dubbed Medina Station, in Mesa, roughly 20 miles outside Phoenix. Plans for the roughly 305,335-square-foot project include a multi-tenant retail center, retail outparcels, a restaurant district and a multifamily residential complex. Tenants at Medina Station will include Boot Barn, Einstein Bros. Bagels, Zara Nails, Café Zupas, GoodVets, U.S. Bank and Hawaiian Bros Island Grill. A Target store and a two-story, 80,000-square-foot Dick’s Sporting Goods will anchor the development. SimonCRE plans to break ground on the …

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Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …

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Dunham Pointe Development

Cypress, Texas — Fort Worth-based Trademark Property Co. plans to develop a mixed-use retail and restaurant district in the Dunham Pointe Development, a 1,300-acre master-planned community in the Houston suburb of Cypress. The Dunham Pointe Development will feature a mix of residential, office, retail and commercial facilities and have a total of 2,500 custom-built homes. The community will also include a public school. The mixed-use portion of the project will total 205,000 square feet and span 25 acres. According to Trademark, 48 retail, dining and lifestyle tenants have submitted preliminary …

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