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Mixed-use

Anchorage-Square_San-Francisco
CaliforniaInvestment salesMixed-useNews

BH Properties Acquires 322,000-Square-Foot Mixed-Use Property in San Francisco

by Hayden Spiess

San Francisco — BH Properties has acquired Anchorage Square, a 322,000-square-foot mixed-use property located in Fisherman’s Wharf in San Francisco. Built in 1974 and situated on 2.6 acres, the development features 63,000 square feet of retail space, as well as a 128-room hotel, 28,000 square feet of office space and a 685-space parking garage. The buyer plans to implement an extensive capital improvement program, which will include upgraded façades, landscaping, lighting, signage, wayfinding and tenant and common areas. The firm will also explore alternative uses for the office space such as …

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DevelopmentEntertainmentLeasingMixed-useNewsNorth Carolina

Three New-to-Market Tenants Sign Leases at Greenville County Square Redevelopment in South Carolina

by Hayden Spiess

Greenville, S.C. — Three new-to-market entertainment concepts have signed leases at the $1 billion mixed-use redevelopment of Greenville County Square currently underway in Greenville. Pins Mechanical will open a 24,366-square-foot space, and Fairway Social and Agave Bandido will occupy 9,100 and 7,000 square feet at the development, respectively. RocaPoint Partners is the landlord and developer. 

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One-Paseo_San-Diego
CaliforniaDevelopmentFinanceMixed-useNews

Kilroy Realty Obtains $375 Million Loan for One Paseo Mixed-Use Campus in San Diego

by Hayden Spiess

San Diego — Kilroy Realty Corp. (NYSE: KRC), an office, mixed-use and life sciences REIT based in Los Angeles, has obtained a $375 million loan for a portion of One Paseo, a mixed-use campus in San Diego. New York Life Insurance Co. provided the 11-year, non-recourse loan, which features a fixed 5.9 percent interest rate. The loan matures in August 2034. The 36-acre property is situated between the city’s Carmel Valley neighborhood and Del Mar, as well as near I-5 and State Route 56. One Paseo is home to tenants including …

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Origin-at-Symphony-Park_Las-Vegas
DevelopmentMixed-useNevadaNews

Red Ridge Development Underway on Six-Acre Mixed-Use Project in Las Vegas

by Hayden Spiess

Las Vegas — Red Ridge Development is underway on Origin at Symphony Park, a six-acre mixed-use project located in downtown Las Vegas. The development will feature 100,000 square feet of retail space, a 32-story residential tower, mid-rise apartment building, outdoor promenade and office space upon completion, which is scheduled for 2026. The McGarey Group, a division of the Divaris Group, will manage leasing for the retail space at the project in partnership with Paragon Commercial Group. 

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Willow-Grove-Shopping-Center_Willow-Grove-Pa
DevelopmentMixed-useNewsPennsylvania

Federal Realty Investment to Begin Third Phase of Redevelopment at Willow Grove Shopping Center in Metro Philadelphia

by Hayden Spiess

Willow Grove, Pa. — Federal Realty Investment Trust has announced plans for the third phase of redevelopment at Willow Grove Shopping Center in Willow Grove, roughly 30 miles outside Philadelphia. Phase III will include the addition of a six-story building offering 260 multifamily units and 20,000 square feet of street-level retail space, alongside a structured parking garage. The development will be located adjacent to an 18,000-square-foot multi-tenant retail building currently under construction. Work on the third phase is expected to begin in fall 2024. Existing tenants at the shopping center will …

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CaliforniaDevelopmentLeasingMixed-useNews

Circle K Signs 3,700-Square-Foot Lease at University Square Project in Rocklin, California

by Hayden Spiess

Rocklin, Calif. — Circle K has signed a 3,700-square-foot lease at University Square, a 10-acre mixed-use development currently underway in Rocklin. Upon completion, the convenience store and gas station will be situated on a site featuring more than 20,000 square feet of retail space and 5,000 square feet of space for quick-service restaurants. LRE & Cos. is the developer and landlord, and the development is scheduled for completion in late 2025. 

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360-Park-Avenue-South_New-York-City
DevelopmentLeasingMixed-useNew YorkNewsRestaurants

SAGA to Open 7,000-Square-Foot Restaurant at 360 Park Avenue South in New York City

by Hayden Spiess

New York City — SAGA Hospitality Group will open a 7,000-square-foot restaurant at 360 Park Avenue, a 450,000-square-foot office property in New York City. BXP, which acquired the building in December 2021, is the landlord. Upon opening, the concept will offer coffee and pastries throughout the day and seafood dishes at night. 

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Atlantic-II_Delray-Beach-Fla
DevelopmentFloridaMixed-useNews

PEBB, Banyan Underway on 10-Acre Mixed-Use Project in Delray Beach, Florida

by Hayden Spiess

Delray Beach, Fla. — PEBB Enterprises and Banyan Development have started construction on Atlantic II, a 10-acre mixed-use project located in Delray Beach. Upon completion, which is scheduled for mid-2024, the development will feature a 10,000-square-foot, multi-tenant retail building, 100,000 square feet of self-storage space and a car wash outparcel. The outparcel is currently under contract for sale, and Paradise Grills has signed a lease to occupy 6,000 square feet in the retail building. Liberty Investment Properties, which develops self-storage properties, is partnering with the joint venture on the development.

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Treasure-Island-Plaza
DevelopmentFloridaInvestment salesMixed-useNews

Marcus & Millichap Arranges $5.9 Million Sale of Retail Strip Center in Treasure Island, Florida

by Katie Sloan

Treasure Island, Fla. — Marcus & Millichap has arranged the $5.9 million sale of Treasure Island Plaza, a 20,000-square-foot retail strip center located in Treasure Island in metro Tampa Bay. Built in 1981, the property was leased to 11 tenants at the time of sale. The buyer, an investment firm based in Miami, plans to redevelop the one-acre parcel into a mixed-use building with 40 residences atop 10,000 square feet of retail space. Evan Cannan and Reid Thedford of Marcus & Millichap’s Tampa office brokered the transaction.

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Main-Street-South_DeBary-Fla
DevelopmentFloridaInvestment salesMixed-useNews

Mosaic Acquires Land for $250 Million Mixed-Use Development in Florida

by Hayden Spiess

DeBary, Fla. — St. Petersburg-based Mosaic Development LLC has purchased 13.1 acres of land in DeBary, roughly 23 miles north of Orlando, for the development of the first phase of a mixed-use project to be located immediately north of the city’s SunRail station.  Upon completion, the Main Street-style development will feature 500 apartment units, 40,000 square feet of retail space and a central park and community plaza. Construction on the project is scheduled to begin early next year.  Mosaic purchased the land parcels, which are zoned as a transit-oriented development (TOD) district, …

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