Mixed-use

Seamist-Commons
DevelopmentMixed-useNewsSouth Carolina

Stone City Capital to Develop 68-Acre Mixed-Use Project in Metro Charleston, South Carolina

by Abby Cox

Summerville, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community commons; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring …

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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Breaks Ground on $1.2 Billion Redevelopment of Lakeforest Mall in Metro D.C.

by Abby Cox

Gaithersburg, Md. — WRS Inc., a retail and mixed-use development firm based in Charleston, S.C., has broken ground on the $1.2 billion redevelopment of Lakeforest Mall, a 102-acre shopping mall in Gaithersburg that shuttered in 2023. Situated in the northern arch of the Washington, D.C., suburbs, the multi-phase project will transform 1.1 million square feet of obsolete retail space and parking lots into a walkable “mini-city” that will be master-planned on a grid of walkable streets and public amenities. “This is more than just a construction project; it is the rebirth …

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tdc-second-phase
DevelopmentGeorgiaMixed-useNews

TDC to Break Ground on Second Phase of Medley in Johns Creek, Georgia

by Abby Cox

Johns Creek, Ga. — Toro Development Co. (TDC) plans to break ground on the second phase of Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. TDC and Denver-based Ascentris closed on a $90 million construction loan earlier this month. The second phase, dubbed Encore, will feature an additional 408 apartments and 20,000 square feet of ground-floor retail. TDC has also added seven tenants to its lineup, bringing the total number of executed leases to 37, which represents 78 percent of the project’s retail space …

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270-West-Plant-Street_Winter-Garden
FloridaInvestment salesMixed-useNews

Foundry Arranges $24.5 Million Sale of Mixed-Use Building in Central Florida

by Abby Cox

Winter Garden, Fla. — Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. …

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Chattahoochee-Food-Works
GeorgiaLeasingMixed-useNews

Selig Enterprises Signs Leases with Three New Tenants at The Works in Atlanta

by Abby Cox

Atlanta — Selig Enterprises has signed leases with three new tenants at The Works, an 80-acre mixed-use development located in Atlanta’s Upper Westside neighborhood. Two of the tenants — Summer Breeze Flowers & Gifts and The Food Work Shop, which originated from Chattahoochee Food Works — will open this spring, while The Body Creamery will launch as a brand new concept later this year. The Body Creamery will feature a front-of-house retail component, while the other half of the store will house a dedicated workshop for classes and private parties. …

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rise-koreatown
DevelopmentGrocery-anchoredMixed-useNews

Retail Component of Rise Koreatown Mixed-Use Development in Los Angeles Nears Completion

by Abby Cox

Los Angeles — Nadel Architects has announced that the retail component of Rise Koreatown, a seven-story mixed-use development in Los Angeles’ Koreatown neighborhood, is nearing completion. The project will introduce more than 52,000 square feet of ground-floor retail space, which will be anchored by a 30,000-square-foot Zion Market, an American supermarket chain that specializes in Korean and Asian foods. The retail component of Rise Koreatown is expected to open later this year. Developed by Rescore Property Corp., the broader project includes over 350 residential units. Nadel’s design team drew inspiration from …

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Texas-Heritage-Marketplace_Katy
DevelopmentMixed-useNewsTexas

NewQuest Breaks Ground on Junior Retail Component at $400 Million Texas Heritage Marketplace in Metro Houston

by Abby Cox

Katy, Texas — NewQuest, a local commercial real estate development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center …

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Miami World Center Exterior
FloridaInvestment salesMixed-useNews

Joint Venture Acquires 300,000-Square-Foot Retail District at $6 Billion Miami Mixed-Use Development

by Abby Cox

Miami — A joint venture comprising affiliates of the Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Cos. and Jamestown has acquired a retail and entertainment district situated within Miami Worldcenter, a new $6 billion mixed-use destination in downtown Miami.  The seller was master development group Miami Worldcenter Associates, which is a partnership between Falcone Group, Nitin Motwani and CIM Group. The sale price was not disclosed.  Totaling 300,000 square feet of retail, dining and entertainment space with 100,000 square feet of parks and plazas, the acquired property will be …

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Grocery-anchoredInvestment salesMixed-useNewsTexas

Town Lane, Gillon Property Group Purchase 460,000-Square-Foot Mixed-Use Development in Allen, Texas

by Abby Cox

Allen, Texas — New York-based Town Lane and Dallas-based Gillon Property Group have acquired Watters Creek Village, a 460,000-square-foot mixed-use development located in the northeastern Dallas suburb of Allen. An Ares Real Estate fund provided the debt financing for the acquisition. Delivered in 2008, Watters Creek Village spans 46 acres and features approximately 360,000 square feet of retail and 100,000 square feet of boutique office space. A Market Street grocery store anchors the property, with additional tenants including Anthropologie, Barnes & Noble, Chico’s, Bath & Body Works, DSW, Kendra Scott, Loft, …

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M-K-T Heights
Investment salesMixed-useNewsTexas

MetroNational Acquires M-K-T Heights Mixed-Use Development in Houston

by Abby Cox

Houston — MetroNational has acquired M-K-T Heights, a 218,000-square-foot mixed-use adaptive reuse development in Houston’s Heights neighborhood. MetroNational has entered into a joint venture with the original developers, Radom Capital and Triten Real Estate Partners, who will remain active in the development’s operations, leasing and management. M-K-T Heights has converted five 1970s warehouse buildings into a mixed-use destination that now includes 100,000 square feet of retail and dining; 100,000 square feet of office space; and a 2,000-square-foot boardwalk for pedestrians that connects the property directly to the Heights Hike-and-Bike Trail. Tenants …

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