Mixed-use

arena
DevelopmentEntertainmentMixed-useNewsVirginia

Partnership Unveils Plans for 9 Million-Square-Foot Entertainment District Anchored by New Arena for Washington Capitals, Wizards in Virginia

by Hayden Spiess

Alexandria, Va. — A partnership between developer JBG Smith (NYSE: JBGS) and Monumental Sports & Entertainment (MSE) has unveiled plans to build a mixed-use entertainment district totaling approximately 9 million square feet in Alexandria, just south of Washington, D.C. Anchoring the project will be a new arena for the NHL’s Washington Capitals and NBA’s Washington Wizards within National Landing, an area encompassing the interconnected neighborhoods of Potomac Yard, Crystal City and Pentagon City.   Additionally, plans call for a global corporate headquarters for MSE, Monumental Sports Network media studio, Wizards practice facility, …

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ArizonaDevelopmentMixed-useNews

SimonCRE to Develop 15.6-Acre Mixed-Use Development in Arizona

by Hayden Spiess

Buckeye, Ariz. — SimonCRE has acquired land for Roosevelt Commons, a 15.6-acre mixed-use project to be developed in Buckeye. Upon completion, the property will feature retail and restaurant space, as well as a hotel. Several tenants, including Mexican restaurant Someburros, have signed leases at the development. Construction is scheduled to begin in January, with delivery of the first phase expected in late 2024. 

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Flight-Club
DevelopmentEntertainmentLeasingMixed-useNewsWashington DC

State of Play to Open 8,546-Square-Foot Flight Club Venue in Washington, D.C. 

by Hayden Spiess

Washington, D.C. — Eatertainment operator State of Play has announced plans to open an 8,546-square-foot Flight Club darts venue in Washington, D.C. Scheduled to open summer 2024 and marking the 13th location for the brand, Flight Club D.C. will be situated within 655 New York, a 756,000-square-foot mixed-use development. Other tenants at 655 New York, which features 79,000 square feet of retail space, include Rumi’s Kitchen, Capital Burger, Pearl’s Bagels, Kinship, Metier and Compass Coffee. 

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EoS_Lutz-Fla
FloridaInvestment salesMixed-useNet leaseNews

SRS Arranges $13.6 Million Sale of 42,311-Square-Foot Single-Tenant Property in Lutz, Florida

by Hayden Spiess

Lutz, Fla. — SRS Real Estate Partners has arranged the $13.6 million sale of a 42,311-square-foot single-tenant retail property in Lutz. EoS Fitness occupies the building on a 15-year triple-net lease. Situated on 3.9 acres, the property is located within Cypress Ranch, a 164-acre mixed-use development. Upon completion, Cypress Ranch will feature 11 freestanding retail parcels. Tenants at the parcels will include Chick-fil-A, ALDI and Panda Express. Patrick Nutt and William Wamble of SRS represented the seller, Barclay Group. A California-based buyer acquired the property in a 1031-exchange transaction. 

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Post-District-SLC-UT
FinanceMixed-useNewsUtah

Bridge Investment, Lowe Property Group Receive $157.5 Million Refinancing for Mixed-Use Project in Salt Lake City

by Hayden Spiess

Salt Lake City — Bridge Investment Group and Lowe Property Group have received $157.5 million in loan proceeds to refinance Post District, a mixed-use development located in downtown Salt Lake City. Part of a three-phase project, Post District features 26,000 square feet of retail space, in addition to residential units. Sean Reimer, Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland and William Herring of Walker & Dunlop co-originated the loan with Affinius Capital and Clarion Partners. 

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DevelopmentFloridaMixed-useNews

Lionheart, Leviathan and Well Duo to Develop 56,500-Square-Foot Mixed-Use Project in Miami

by Hayden Spiess

Miami — Lionheart Capital, Leviathan Development and Well Duo will develop a new mixed-use project in Miami. Dubbed MIRAI Design District, the development is designed by architect Kengo Kuma, marking the first mixed-use project in the country for Kengo Kuma and Associates (KKAA). Upon completion, the property will comprise 15,500 square feet of ground-floor retail space across 17 units, with roughly 41,000 square feet of office space on the second and third floors. Construction is scheduled to begin in summer 2024, with completion anticipated by the end of 2025. 

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Stage-at-Avalon_Alpharetta-Ga
DevelopmentGeorgiaMixed-useNews

NAP to Add Entertainment Elements to 2.4 Million-Square-Foot Avalon Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Alpharetta, Ga. — North American Properties (NAP) has announced plans for the addition of new entertainment elements at Avalon, a 2.4 million-square-foot mixed-use development located in the Atlanta suburb of Alpharetta. Construction is scheduled to begin in January 2024 and will include the addition of a raised, covered performance stage and an LED screen. The features will comprise 576 and 180 square feet, respectively. Avalon features 500,000 square feet of retail space, in addition to a hotel and office and residential space. NAP developed the project in 2012 and manages the …

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Parkside-Dresden_Brookhaven
DevelopmentGeorgiaLeasingMixed-useNews

Connolly Signs Retail Tenants for $70 Million Mixed-Use Project in Metro Atlanta

by Hayden Spiess

Brookhaven, Ga. — Connolly has signed new tenants to Parkside on Dresden, a $70 million mixed-use development underway in the Atlanta suburb of Brookhaven. The four-acre development is scheduled to open in fall 2024 and will comprise residential units, as well as 32,000 square feet of retail and restaurant space. Tenants will include Confab Kitchen and Bar, Honeysuckle Gelato, Café Vendome, Clean Juice, El Valle, MIRAE and F45 Training. Mindy Elms and Ed O’Connor of Lavista Associates Inc. manage retail leasing at the property on behalf of Connolly.

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DevelopmentGrocery-anchoredLeasingMixed-useNewsWisconsin

Whole Foods to Open 50,000-Square-Foot Store in Madison, Wisconsin

by Hayden Spiess

Madison, Wis. — Whole Foods Market will open a new, 50,000-square-foot store in Madison on Dec. 13. This marks a relocation of the brand’s existing Madison store, which has been open since 1996. The store will anchor the 21-acre Madison Yards mixed-use development, which will also feature additional retail, restaurant and entertainment space surrounding a central green plaza. Products at the store will include more than 800 local items from the Midwest. 

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Sports-Entertainment_Orlando
DevelopmentFloridaMixed-useNews

Joint Venture Develops Plans, Renderings for $500 Million Mixed-Use Development in Downtown Orlando

by Hayden Spiess

Orlando, Fla. — A joint venture between SED Development LLC, JMA Ventures LLC and Machete Group Inc. has developed plans and renderings for a new mixed-use development in downtown Orlando. The project, dubbed the Orlando Sports + Entertainment District, will comprise 900,000 square feet situated on 8.5 acres adjacent to Amway Center, the home arena for the NBA’s Orlando Magic. The Orlando Sentinel reports the project will cost roughly $500 million to develop. In addition to hotel, residential and office space, the development will feature 100,000 square feet of shops and restaurants and …

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