Thursday, April 25, 2024
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Mixed-use

Centennial-Yards_Atlanta
DevelopmentEntertainmentGeorgiaMixed-useNews

Centennial Yards Co. Unveils Plans for 480,000-Square-Foot Entertainment District in Downtown Atlanta

by Hayden Spiess

Atlanta — Centennial Yards Co., a development entity owned by CIM Group, has unveiled plans for a new entertainment district that will comprise the next phase of its $5 billion Centennial Yards mixed-use destination in downtown Atlanta. Spanning eight acres adjacent to Mercedes-Benz Stadium and State Farm Arena, the mixed-use entertainment will span 480,000 square feet across four buildings, in addition to a fan gathering area that the developer says will be heavily utilized during the games held in Atlanta during the 2026 FIFA World Cup. Designed by Gensler, the new …

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FAT-Village_Fort-Lauderdale-Fla
DevelopmentFloridaMixed-useNews

Hines Breaks Ground on 5.6-Acre Mixed-Use FAT Village in Fort Lauderdale, Florida

by Hayden Spiess

Fort Lauderdale, Fla. — Hines and partners Urban Street Development, Cresset Real Estate, Las Americas, Hudson Capital and Halmos Holdings have broken ground on FAT Village, a 5.6-acre mixed-use project located in Fort Lauderdale. The first phase, which is scheduled for completion in 2027, will feature 74,000 square feet of retail space, in addition to 601 apartment units and 180,000 square feet of mass timber office space, dubbed T3 — Timber, Transit and Technology. A second phase will be developed upon completion of the first. In total, the project will comprise …

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GeorgiaLeasingMixed-useNewsRestaurants

Two Restaurants to Open at 47-Acre Uptown Atlanta Development

by Hayden Spiess

Atlanta — Two restaurants will open at Uptown Atlanta, a 47-acre mixed-use development in Atlanta. J’ouvert Caribbean Kitchen and El Gordo are both scheduled to open this week, marking the first food-and-beverage openings at the property. Concepts Bene Korean, White Windmill and Madre Selva have also signed leases at the development. Rubenstein Partners is the developer and landlord. 

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Medley_Johns-Creek
DevelopmentGeorgiaInvestment salesMixed-useNews

Toro Development Acquires 43-Acre Land Site in Metro Atlanta for Mixed-Use Project

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. has acquired 43 acres in the northern Atlanta suburb of Johns Creek for its upcoming Medley mixed-use development. Toro purchased the parcel for $44 million. Currently, the property features a four-story office building, as well as the site of another, demolished office building and surface parking. Plans for Medley include 200,000 square feet of retail, restaurant and entertainment space, in addition to office and residential space and a central green space. Tenants at the development will include Ford Fry’s Little Rey, CRÚ Food & …

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Kansas City Power and Light District
DevelopmentEntertainmentFeaturesFrom The MagazineMixed-use

Lighting Up A City

by Hayden Spiess

From the outside, the story of the Kansas City Power & Light District seems like a familiar one: an urban revitalization fueled by a succession of development milestones. Looking closer — and talking with people who have been a part of the journey — reveals something much more interesting — even remarkable. Today, as the project celebrates its 15-year anniversary, the $1 billion mixed-use district that received the Urban Land Institute Award of Excellence in 2009 isn’t just going strong, it’s reaching new heights. In the process, the Power & …

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Cross-Creek-Ranch-Malibu-CA
CaliforniaFinanceMixed-useNews

Pacific Equity Partners Receives $135 Million Financing for Cross Creek Ranch Mixed-Use Property in Malibu, California

by Hayden Spiess

Malibu, Calif. — Pacific Equity Partners has received $135 million in financing for Cross Creek Ranch, a 122,324-square-foot mixed-used property in Malibu. The property features 71,605 square feet of retail space and 50,719 square feet of creative office space. Cross Creek Ranch is adjacent to a Whole Foods Market in the core of Malibu’s shopping district, which also includes Malibu Country Mart, Malibu Village and Malibu Lumber Yard. John Marshall, Spencer Seibring, Allie Black and Tim Donald of JLL Capital Markets secured the five-year loan through Torchlight Investors on behalf of …

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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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