Friday, July 18, 2025
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Mixed-use

The District at Green Valley Ranch
DevelopmentLeasingMixed-useNevadaNews

Vestar Completes $3 Million Renovation of The District at Green Valley Ranch in Las Vegas

by Abby Cox

Las Vegas — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. Developed in 2004 and 2005, the renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces.   The District is currently …

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Sheridan Village Center
FloridaInvestment salesMixed-useNews

Perkins Realty Management Acquires Sheridan Village Center in Florida for $15.5 Million

by Abby Cox

Pembroke Pines, Fla. — Perkins Realty Management has acquired Sheridan Village Center, a 64,311-square-foot mixed-use retail and self-storage property located in Pembroke Pines, for $15.5 million. The property comprises 29,331 square feet of ground floor retail space, as well as a 419-unit self-storage facility that totals 35,000 square feet. The retail portion of the center was 93 percent leased to tenants including Memorial Healthcare System, Dunkin’ Donuts and Momo Relaxation at the time of sale. The self-storage component spans two upper floors above the Eastern retail strip and features climate-controlled …

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Hunt Valley Towne Centre
DevelopmentMarylandMixed-useNews

Greenberg Gibbons Begins $10 Million Renovation of Hunt Valley Towne Centre Near Baltimore

by Abby Cox

Cockeysville, Md. — Greenberg Gibbons is underway with the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theatre. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature an expansive turf lawn, pergola, seating area, retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert …

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The Shops at Brickell City Centre
FloridaMixed-useNews

Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512 Million

by Abby Cox

Miami — Indianapolis-based Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets. Simon had previously owned a 25 percent, non-managing interest in The Shops at Brickell City Centre. Following the transaction, Simon is now the sole owner and manager of the property’s retail and entertainment component. Completed in 2016, The Shops …

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Scottsdale Quarter
ArizonaInvestment salesLeasingMixed-useNews

FalconEye Ventures Acquires 755,000-Square-Foot Mixed-Use Development in Metro Phoenix, Plans $100 Million Capital Improvements

by Abby Cox

Scottsdale, Ariz. — FalconEye Ventures has acquired Scottsdale Quarter, a 755,000-square-foot mixed-use development located in Scottsdale, roughly 13 miles outside Phoenix. As part of the acquisition, FalconEye plans to implement a $100 million capital improvement program for the property. The program will focus on tenant curation, infrastructure enhancements and experiential retail concepts designed to differentiate the property. Implementation is scheduled to begin in late 2025, with phased execution designed to minimize operational disruption to existing tenants. FalconEye has retained Vestar to be a strategic partner and oversee operations at the property. …

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Springfield Town Center
FinanceMixed-useNewsVirginia

PREIT Receives $150 Million in Financing for Springfield Town Center

by Abby Cox

Springfield, Va. — PREIT has received $150 million in financing to recapitalize Springfield Town Center, a mixed-use redevelopment of the former Springfield Mall in Northern Virginia, roughly 14 miles outside Washington, D.C. The regional shopping center features 1.4 million square feet of retail space, including a 32,000-square-foot LEGO Discovery Center that opened in 2023. Other tenants include Build-A-Bear, Burger King, Chuy’s, Dave & Buster’s, Dick’s Sporting Goods, Finish Line, Five Below, H&M, Hot Topic, JC Penney, LA Fitness, Macy’s, Maggiano’s, Nordstrom Rack, Regal Cinema, Sephora, Toys “R” Us and Target. Goldman …

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Suncadia Social
DevelopmentMixed-useNewsWashington

Suncadia To Open $18 Million Retail Village in Cle Elum, Washington 

by Abby Cox

Cle Elum, Wash. — Suncadia will open a new retail village and community hub in the 6,400-acre master-planned community of Suncadia in Cle Elum. Dubbed Suncadia Social, the $18 million project will span 11 acres. The center of Suncadia Social will house a 16,500-square-foot retail space, where Roselyn Grocery will anchor the development. Confirmed tenants at the property include Cutter’s Point Coffee, Out West Trading Co., Old Wood Signs, Hive HomeGoods and Alluvium Cellars, as well as G.H. Pasta & Pizza, a General Harvest Restaurant concept. Suncadia Social is scheduled …

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The Gathering at South Forsyth
DevelopmentGeorgiaMixed-useNews

Plan Approved for $3 Billion Mixed-Use Development in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — The Forsyth County Board of Commissioners has approved plans for The Gathering at South Forsyth, a $3 billion mixed-use development located in Alpharetta, roughly 26 miles north of Atlanta. Situated near Ronald Reagan Boulevard and Union Hill Road, the 100-acre development will include an 18,000-seat arena as the centerpiece of the property, along with residential, retail and dining components. The project, which is led by Krause Sports and Entertainment, aims to attract a National Hockey League (NHL) expansion team to the region. The region hasn’t had an …

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CityPlace Doral
FloridaInvestment salesMixed-useNews

JLL Negotiates $87.5 Million Sale of 235,096-Square-Foot Mixed-Use Development in Metro Miami

by Abby Cox

Doral, Fla. — JLL Capital Markets has negotiated the $87.5 million sale of CityPlace Doral, a 235,096-square-foot mixed-use development located in Doral, roughly 13 miles west of downtown Miami. Completed in 2017, the seven-building center is situated on 17.6 acres. Tenants at the property — which was 82 percent leased at the time of sale — include The Fresh Market, CMX CinéBistro, Anatomy Fitness, Novecento, Cooper’s Hawk, Carrot Express and Tap 42 Craft Kitchen & Bar. The site also features two parking garages and a luxury residential property that was not …

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Springfield Avenue Marketplace
Grocery-anchoredInvestment salesMixed-useNew JerseyNews

CBRE Facilitates $37.5 Million Sale of Springfield Avenue Marketplace in Newark, New Jersey

by Abby Cox

Newark, N.J. — CBRE has facilitated the $37.5 million sale of Springfield Avenue Marketplace, a 110,551-square-foot mixed-use center located in Newark. A 71,000-square-foot Shoprite anchors the property, which was 97 percent leased at the time of sale. Additional tenants include McDonald’s, Taco Bell, Popeyes and T-Mobile. Developed in 2016, the property also features a 152-unit residential component called 24 Jones. Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer of CBRE’s National Retail Partners represented the seller, Goldman Sachs Alternatives, in the transaction. The team also procured the buyer, …

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