Mixed-use

570-Fifth-Avenue_IKEA_Manhattan_New-York

New York City — Ingka Investments, the investment arm of Ingka Group, which owns and operates a majority of IKEA stores globally, has purchased a one-third stake in the development of a 1 million-square-foot mixed-use tower underway in Manhattan. As part of the arrangement, IKEA will open a store across two base levels at the building, 570 Fifth Avenue, which will include a corner entrance along Fifth Avenue. Extell Development Co. is the master developer of 570 Fifth Avenue, which will feature Class A retail space and offices at the …

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Stamford, Conn. — Three new retail tenants have signed leases at Atlantic Station, a mixed-use development located in Stamford. Lovesac, Golf Lounge 18 and Fresh & Co. will occupy 28,000; 9,000; and 3,000 square feet, respectively. RXR owns the project, which features 650 residences and 82,000 square feet of retail space across two towers. Brian Scruton of Cushman & Wakefield represented Lovesac in the lease negotiations, with Tim Rorick and Janey Steinmetz of Newmark representing the landlord. Tyler Lyman of True Commecial represented both the landlord and tenant in the Golf …

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Live Oak Town Center

Live Oak, Texas — DICK’S House of Sport has signed a 100,000-square-foot lease at Live Oak Town Center, a mixed-use development in Live Oak, roughly 20 miles northeast of San Antonio. The store will feature sportswear and equipment, as well as interactive experiences including a climbing wall, outdoor field, golf bays and a multi-sport cage. David Nicolson and Michael Schoenbrun of Weitzman arranged the lease. Weitzman is developing Live Oak Town Center, which is anchored by IKEA, in phases. Upon completion, the property will comprise more than 800,000 square feet of …

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Nora-District_West-Palm-Beach-Fla

West Palm Beach, Fla. — JLL Capital Markets has arranged $84.2 million in senior construction financing for the first phase of the Nora District, a mixed-use redevelopment project in West Palm Beach. Bank OZK provided the financing to the borrower, a joint venture between NDT Development, Place Projects, Wheelock Street Capital and BD Hotels. Upon completion, the first phase will feature 150,000 square feet of retail, restaurant and creative office space. Retail tenants at the development will include Van Leeuwen Ice Cream, H&H Bagels, Juliana’s Pizza, Loco Taqueria and Oyster Bar …

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New York City — Chick-fil-A and dog-daycare concept Hounds Town USA have signed leases at 809 Atlantic Ave., a 60,000-square-foot mixed-use property in Brooklyn in New York City. Chick-fil-A will occupy 5,000 square feet, with Hounds Town USA occupying 6,000 square feet within the building, which also features residential, amenity and healthcare space. David Alani and Michael Friedman of Inline Realty represented Chick-fil-A in the lease negotiations, and JLL represented the landlord, Hope Street Capital. 

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Charlotte, N.C. — Three new retailers have signed leases at The Pass, a mixed-use development currently underway in Charlotte. Vintage sportswear concept Locker Room CLT opened at the property in February, and hair salon Common Thread and Mariah’s Taco Spot are scheduled to join the lineup this fall. Third & Urban is the developer of the 12-acre project, and Cliff Benson of Thrift Commercial Real Estate leads retail leasing for the property. 

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Venice, Fla. — Benderson Development has acquired a 51.5-acre parcel in Venice, Florida, with plans to develop a ground-up mixed-use project at the site. The property has been dubbed North River Marketplace during preliminary master planning. Benderson also owns the nearby retail properties Jacaranda Plaza and Cocoplum Village Shops. 

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  At the ICSC LAS VEGAS 2024 conference, Nelli Day of Retail Insight interviewed Monetha Cobb, chief marketing officer, and Greg Matus, senior vice president of investment sales, of Franklin Street, to discuss the prevailing challenges and future trends in the retail industry. Key Challenges in Retail The primary hurdle in the retail sector is the fluctuating market and rising interest rates, which have significantly slowed down transactions. Investors and developers are finding it tougher to secure deals as banks enforce stricter lending criteria. Despite a slight uptick in activity, …

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The-Switchyard

Queen Creek, Ariz. — Development firm Creation is set to break ground on The Switchyard, a $120 million mixed-use development located at the northeast corner of Ellsworth and Ocotillo roads in the Phoenix suburb of Queen Creek.  Plans for the 10-acre project include the development of 54,000 square feet of restaurant, retail, residential and office space. The retail portion of the development will include a 3,800-square-foot Postino wine café and an 11,900-square-foot restaurant called The Porch, which will include an expansive outdoor patio.  Creation plans to break ground on the multi-phase …

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Nora-District_West-Palm-Beach-Fla

West Palm Beach, Fla. — Four new retail tenants have signed leases at The Nora District, a mixed-use development currently underway in West Palm Beach. Sana Skin Studio, Mint, The Spot Barbershop and Del Mar Mediterranean Restaurant will join the lineup at the property, the first phase of which is scheduled for completion in early 2025. Other retail concepts will include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, The Garret Group, Juliana’s Pizza, Celis Juice Bar and Café, Rumble and [solidcore]. NDT Development, Place Projects and Wheelock …

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