Mixed-use

Glenridge Springs

Sandy Springs, Ga. — Westwood Financial has acquired Glenridge Springs, a mixed-use development located in the Atlanta suburb of Sandy Springs. The acquisition features 20,000 square feet of ground-floor retail, 168 luxury apartment units and 80,000 square feet of on-site office space. Tenants at the property, which was 91 percent occupied at the time of sale, include QDOBA, Firehouse Subs, Blue Moon Pizza, Sushi Nami, Taziki’s Mediterranean, DaVinci’s Donuts, Venus Nail Lounge and Beauty Enhanced. Westwood Financial owns several centers in the metro Atlanta area, including Glenwood Park, Decatur Crossing …

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Terra-Nova_Terrell-Texas

Terrell, Texas — Main Square Development has announced that the company has received approval from the Terrell City Council for the development of Terra Nova, a new $3 billion master-planned community.  Situated roughly 30 miles east of Dallas, the development will feature 1,200 multifamily units and a 48-acre mixed-use district, as well as 3,600 single-family homes. The mixed-use component of the development will include 200,000 square feet of shops, restaurants and offices anchored by a main square.  Terra Nova will also feature 145 acres of parks and trails, including 27 …

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Sagefield Nashville

Nashville, Tenn. — Simon Property Group plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in …

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Westgate Entertainment District

Glendale, Ariz. — Western Real Estate Advisors has been selected to provide leasing for the retail portion of Westgate Entertainment District, a 623,734-square-foot super-regional mixed-use project under development in Glendale, roughly nine miles northwest of downtown Phoenix. Charles Skaggs, Noah Anastassatos and Haley Perez of Western Retail Advisors will lead leasing efforts at the property, which is owned and operated by YAM Properties LLC. The retail portion of the Westgate Entertainment District, which is 98 percent leased, features 388,885 square feet of shops, eateries and entertainment venues across 15 buildings. Tenants …

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Hillrose Market

Roswell, Ga. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with a walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury …

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Dick's House of Sport

Live Oak, Texas — Dick’s House of Sport has opened a new 100,000-square-foot store at Live Oak Town Center, a mixed-use center under development in Live Oak, roughly 15 miles northeast of San Antonio. Dick’s House of Sport will anchor the property, along with a 300,000-square-foot IKEA and a 79,681-square-foot Floor & Décor store. David Nicolson and Michael Schoenbrun of Dallas-based Weitzman — the developer of Live Oak Town Center — handled lease negotiations. Upon completion of the development, Live Oak Town Center will total more than 800,000 square feet …

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Brandon Wernli KTGY Retail Belonging Quote

By Brandon Wernli, studio director at KTGY The time we live in is marked by a profound transformation in how people work, live and connect with each other. Since 2020, shopping centers, regional malls, commercial plazas and lifestyle districts have reasserted themselves as more than places of financial transaction; they are a social necessity. We are living through a societal shift away from the postwar model of expansive single-family homes and isolated retail strips. Reversing decades of suburban sprawl, the residences built today are reducing lot sizes and favoring connectedness …

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Elm & Main

Westport, Conn. — Aubuchon Realty Co. has received $11.5 million in permanent financing for Elm & Main, a 23,954-square-foot mixed-use office and retail center located in downtown Westport. Henry Schaffer, Hunter Cuthbertson, Chris Angelone and Zach Nitsche of JLL’s Debt Advisory team arranged the fixed-rate loan through a correspondent life insurance company on behalf of the borrower. Originally built in 1963, Elm & Main features 12,010 square feet of ground-floor retail and 11,944 square feet of second-floor office space, along with 28 parking spaces. Additionally, the property will welcome Sephora …

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Midtown Park

Miami — The City of Miami’s Urban Development Review Board has officially approved the master plan for Midtown Park, a $2 billion mixed-use development. A joint venture between Rosso Development, Midtown Development and Proper Hospitality is developing the project, a construction timeline for which has not yet been announced.  Plans for the two-phase, 1.2 million-square-foot project currently call for 924 residential units, 60,000 square feet of office space and more than 120,000 square feet of retail and restaurant space. Additionally, the development will feature two public plazas, a network of pedestrian-oriented …

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CityCentre

Houston — Locally based MetroNational has acquired the 309,144-square-foot retail component of CityCentre, a mixed-use development in Houston. The retail portion of the property frames a central green space and features roughly 24 food and beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. In addition, MetroNational has also partnered with Radom Capital to …

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