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Mixed-use

University-Square-Rocklin-CA
CaliforniaDevelopmentMixed-useNews

LRE & Cos. Receives Approval for 10-Acre University Square Mixed-Use Project in Metro Sacramento

by Hayden Spiess

Rocklin, Calif. — LRE & Cos. has received approval from the City of Rocklin for the development of University Square, a 10-acre mixed-use destination development in Rocklin, approximately 20 miles northeast of Sacramento. Scheduled for completion by the end of 2025, University Square will feature more than 20,000 square feet of retail space, 5,000 square feet of space for quick-service restaurants with drive-thrus, a 123-room Hilton Garden Inn, a 10,000-square-foot daycare center and a 3,700-square-foot Circle K convenience store and a car wash. A construction timeline was not released.

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Gwinnett-Place-Mall_Duluth
DevelopmentGeorgiaMixed-useNews

Gwinnett County Partners with CBRE for Gwinnett Place Mall Redevelopment in Metro Atlanta

by Hayden Spiess

Duluth, Ga. — Gwinnett County has partnered with CBRE to redevelop Gwinnett Place Mall, a beleaguered regional mall in metro Atlanta. The county purchased 39 acres at the mall, including a shuttered Belk-Parisian department store, food court and inline retail space, in 2020 for $23 million. Other stakeholders in the nearly 1.3 million-square-foot mall include Northwood Ravin, which purchased the former Sears in 2018, and department store owner-operators Macy’s, Mega Mart and Beauty Master. Originally opened in 1984, Gwinnett Place Mall has served as filming locations for movies and TV series. …

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River-Oaks-Houston
Investment salesMixed-useNewsTexas

Houston Rockets Owner Buys River Oaks District for $450 Million

by Hayden Spiess

Houston — Fertitta Entertainment Inc., an entity controlled by Houston Rockets owner Tilman Fertitta, has purchased River Oaks District, a 664,308-square-foot mixed-use development on Houston’s west side. Multiple local news sources, including the Houston Chronicle, report that the sales price was $450 million. As a shopping and dining destination, River Oaks District features 302,668 square feet of retail and restaurant space. Tenants include Hermes, Cartier, Dior, Harry Winston, Van Cleef & Arpels, Brunello Cucinelli, Balmain, Le Colonial, Toulouse, Bari, Steak48 and Little Hen. River Oaks also houses an Equinox fitness facility and …

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East-Ridge-Tenn-Shopping-Center
DevelopmentMixed-useNewsTennessee

Urban Story Ventures to Redevelop 160,000-Square-Foot Retail Center in Metro Chattanooga

by Hayden Spiess

East Ridge, Tenn. — Urban Story Ventures will redevelop a 160,000-square-foot retail center located in East Ridge, roughly 10 miles outside Chattanooga. The developer purchased the property — which features a 38,000-square-foot space formerly occupied by Food City, five retail outlet buildings and parking — last year. A roster of food-and-beverage, professional services and apparel retailers currently occupy a portion of the center. Plans call for a combination of renovations to existing suites, as well as new construction. Urban Story Ventures will reposition the property as a mixed-use development and plans to …

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DevelopmentLeasingMixed-useNewsRestaurantsTexas

Eight Food-and-Beverage Concepts Sign Leases at 324-Acre Realm at Castle Hills Development in Metro Dallas-Fort Worth 

by Hayden Spiess

Lewisville, Texas — Eight new food-and-beverage concepts have signed leases at The Realm at Castle Hills, a 324-acre mixed-use development currently underway in Lewisville in the Dallas-Fort Worth metro. Upon completion, the project will feature 1.5 million square feet of retail, office and restaurant space, in addition to multifamily units, a boutique hotel and an outdoor entertainment district. The new tenants include a dual Marble Slab Creamery/Great American Cookies shop, which will occupy 1,600 square feet, as well as Voodoo Brewing Co., which will occupy 4,346 square feet. Cocinero Mexican Restaurant, …

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High-Street_Atlanta
DevelopmentGeorgiaLeasingMixed-useNews

Five Tenants Sign Leases at $2 Billion High Street Mixed-Use District in Atlanta

by Hayden Spiess

Atlanta — Five new tenants have signed leases at High Street, a $2 billion mixed-use district currently underway in Atlanta. The retailers will open within the first phase of the development, which will comprise 150,000 square feet of retail space. Eatertainment concept Jaguar Bolera will occupy 21,500 square feet, and restaurants Nando’s PERi-PERi and Velvet Taco will occupy 3,300 and 2,300 square feet, respectively. Allen Edmonds will also open at the property, with a 1,800-square-foot store, and Skin Spirit will open a 2,300-square-foot medical spa. GID Development Group is the developer …

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LeasingMixed-useNew YorkNews

Five Below Opens 9,500-Square-Foot Store in New York City

by Hayden Spiess

New York City — Retailer Five Below has opened a new, 9,500-square-foot store in the Bronx borough of New York City. Located on Metropolitan Avenue, the space is situated within the Parkchester mixed-use development. A 170,000-square-foot Macy’s anchors the retail portion of the development, which also features office and residential units. Olshan Properties is the landlord. 

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Valley-Grove_Pleasant-Grove-Utah
DevelopmentLeasingMixed-useNewsRestaurantsUtah

Three Restaurants Sign Leases at $1.2 Billion Valley Grove Development in Pleasant Grove, Utah

by Hayden Spiess

Pleasant Grove, Utah — Three restaurants have signed new leases at Valley Grove, a mixed-use property currently being developed by St. John Properties in Pleasant Grove. Upon full build-out, the cost of the project, which features office, retail, hotel and research and development space, is expected to total $1.2 billion. Wayback Burgers, The Smoked Taco and Sip’N Drinks & Treats are scheduled to open at the property later this year, occupying spaces totaling 6,011 square feet. Ryan Stewart, Erik Hulbert and Chris Flesner of Mountain West Commercial represented Wayback Burgers in …

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Brickell-City-Centre_Miami
FloridaLeasingMixed-useNews

H&M Signs 25,000-Square-Foot Lease at The Shops at Brickell City Centre in Miami

by Hayden Spiess

Miami — H&M has signed a 25,000-square-foot lease to occupy an anchor space at The Shops at Brickell City Centre (BCC) in Miami. Scheduled to open this year, the clothing retailer will occupy two levels at the property, which is the primary retail component of BCC, a 4.9 million-square-foot mixed-use project developed by Swire Properties that first opened in 2016. Saks Fifth Avenue anchors the development, which also features two residential towers, two office buildings and the EAST Miami hotel. Other retail tenants include Zara, Levi’s and Chanel Fragrance and Beauty …

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Bala-Cynwyd-City-Avenue_Bala-Cynwyd-Pa
DevelopmentMixed-useNewsPennsylvania

Federal Realty to Redevelop Former Lord & Taylor Building at Bala Cynwyd on City Avenue in Pennsylvania

by Hayden Spiess

Bala Cynwyd, Pa. — Federal Realty Investment Trust has announced plans to redevelop a building within Bala Cynwyd on City Avenue, a shopping center located in Bala Cynwyd. Formerly occupied by retailer Lord & Taylor, the building will feature 217 residential units above 16,000 square feet of retail space. Including this redevelopment, Federal Realty’s investment in the shopping center will total roughly $170 million, with 190,000 square feet of retail space. The project team includes architect Bernardon, civil engineer Bohler, landscape architect Studio39 and interior designer MSA Interiors. Construction is scheduled …

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