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Mixed-use

Farmers-Corner-San-Jacinto-CA
CaliforniaInvestment salesMixed-useNews

Progressive Real Estate Partners Brokers $3 Million Sale of Mixed-Use Property in Southern California

by Hayden Spiess

San Jacinto, Calif. — Progressive Real Estate Partners has brokered the $3 million sale of Farmer’s Corner, a 77,000-square-foot mixed-use property located in San Jacinto. Built in 1980, Farmer’s Corner was 60 percent occupied at the time of sale. Tenants include a breakfast eatery, jeweler, barber, party supply company and professional offices. Greg Bedell and Mike Lin of Progressive Real Estate Partners represented the buyer and seller, both private investors, in the transaction. The buyer plans to upgrade the property, including replacing the roof.

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Topgolf-Pompano-Beach-Fla
DevelopmentFloridaLeasingMixed-useNews

Topgolf to Anchor 223-Acre Mixed-Use Development Near Miami

by Hayden Spiess

Pompano Beach, Fla. — Construction is underway on a three-level Topgolf location in Pompano Beach, roughly 35 miles north of Miami. Scheduled to open later this year, the new venue will anchor a 223-acre, mixed-use project currently being developed by The Cordish Cos. and Caesars Entertainment. The location will feature 102 climate-controlled hitting bays, a full-service restaurant, rooftop terrace, outdoor patio, music, private event space and year-round family-friendly programs.

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Development-at-Cadillac-Square-Detroit
DevelopmentMichiganMixed-useNews

Bedrock Plans 1.5 Million-Square-Foot Cadillac Square Mixed-Use Development in Detroit

by Hayden Spiess

Detroit —Bedrock has unveiled plans for Development at Cadillac Square, a 1.5 million-square-foot mixed-use campus in downtown Detroit. The site is located near Ford Field, home of the NFL’s Detroit Lions, as well as Campus Martius Park and Cadillac Square. The development will feature residential, retail, office and entertainment space, as well as parking. Bedrock is owned by billionaire and Rocket Cos. founder Dan Gilbert, who with his companies has invested $5.6 billion in the purchase and rehabilitation of buildings in downtown Detroit, according to Forbes. Gilbert himself boasts a …

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Riverfront-Portfolio-at-The-Banks-Cincinnati
Investment salesMixed-useNewsOhio

Nicol Investment Sells The Banks Mixed-Use Project in Downtown Cincinnati for $177 Million

by Hayden Spiess

Cincinnati — Nicol Investment Co. has sold the Riverfront Portfolio at The Banks, a mixed-use development in downtown Cincinnati, to Crawford Hoying. The sales price was not disclosed, but the Cincinnati Business Courier reports the property traded for approximately $177 million. The project consists of two multifamily properties totaling 592 units, Current at the Banks and Radius at the Banks, in addition to approximately 100,000 square feet of ground-floor retail space. The properties are located in the city’s Central Business District, nestled between Great American Ballpark (home of the MLB’s …

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Eleven-Park_Indianapolis
DevelopmentIndianaMixed-useNews

Keystone Group, Indy Eleven to Break Ground on $1 Billion Mixed-Use Project in Downtown Indianapolis

by Hayden Spiess

Indianapolis — Keystone Group and the Indy Eleven professional soccer club have announced plans to break ground this May on Eleven Park, a mixed-use development in Indianapolis. Anchored by a 20,000-seat multipurpose stadium that will host Indy Eleven’s home games, the project will transform the southwest quadrant of downtown Indianapolis. The Indianapolis Star reports the project has a price tag of $1 billion. In addition to the stadium, Eleven Park will feature 600 apartment units; 205,000 square feet of office space; nearly 200,000 square feet of shops and restaurants; a …

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Aureum_Franklin_Nashville
DevelopmentMixed-useNewsTennessee

Chartwell Hospitality, Southstar Break Ground on $500 Million Aureum Mixed-Use Development Near Nashville

by Hayden Spiess

Franklin, Tenn. — A joint venture between locally based developers Chartwell Hospitality and Southstar has broken ground on Aureum, a $500 million mixed-use development located in the Nashville suburb of Franklin. Situated in the city’s Cool Springs district, the 22-acre development will feature residences, shops, restaurants, entertainment venues, offices and two hotels, as well as five acres of open space featuring parks and trails. “We are the first to market with an all-in-one entertainment, hospitality and residential community that hasn’t been seen before in this area,” says Rob Schaedle, president …

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High-Street_Atlanta
DevelopmentGeorgiaLeasingMixed-useNews

GID Signs Four New Retailers to Join $2 Billion High Street Mixed-Use Development in Atlanta

by Hayden Spiess

Atlanta — GID Development has signed four new tenants to join High Street, a $2 billion mixed-use, transit-oriented development underway in Atlanta’s Central Perimeter submarket. Phase I of the development, which will span 10 city blocks near the Dunwoody MARTA station, is set to come on-line in 2024. The new tenants joining High Street include three food-and-beverage concepts — Agave Bandido, Cuddlefish and Ben & Jerry’s — as well as boutique beauty salon Sugarcoat. Previously committed tenants at High Street include Puttshack and Hampton Social. In addition to 150,000 square …

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FloridaInvestment salesMixed-useNews

Cushman & Wakefield Arranges $15 Million Sale of Mixed-Use Property in Palm Beach

by Hayden Spiess

Palm Beach, Fla. — Cushman & Wakefield has brokered the sale of a mixed-use property comprising one two-story, 30,648-square-foot building in Palm Beach. Scott O’Donnell, Mike Ciadella, Dominic Montazemi, Miguel Alcivar and Greg Miller of Cushman & Wakefield represented both the buyer and seller in the $15 million transaction. An entity doing business as 15650 and 15700 Don Julian Road LLC purchased the property from an entity doing business as 2875 S. Ocean Boulevard LLC. The building, which was built in 1982 and was 87 percent leased at the time …

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ArizonaDevelopmentMixed-useNews

Thompson Thrift Breaks Ground on 12-Acre Commercial Portion of Mixed-Use Development Near Phoenix

by Hayden Spiess

Glendale, Ariz. — Thompson Thrift has broken ground on the 12-acre commercial portion of a mixed-use development underway in the northwest Phoenix suburb of Glendale. Sitting on a larger 24-acre parcel, the property will include tenants such as Black Rock Coffee, Cobblestone Auto Spa, Whataburger, Slim Chickens, QuikTrip, Extra Space Storage and a 122-room hotel. Tenants are expected to begin opening later this year. The site is located less than three miles from the city’s Sports and Entertainment District, which features State Farm Stadium, the home of the Arizona Cardinals …

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Montrose-Collective-Houston
LeasingMixed-useNewsTexas

Six Tenants to Join Montrose Collective Mixed-Use Development in Houston

by Hayden Spiess

Houston — Six new tenants will join Montrose Collective, a mixed-use development located in Houston. Concepts coming to the property include restaurants Graffiti Raw and Picnik — opening this month and in the spring, respectively — as well as four fitness and beauty tenants. SISU, a med spa, will open in February. Studio BE, Glosslab and Skin Laundry will also open locations this year. Montrose Collective, which currently features 15 retailers and five restaurants, is 97 percent leased with full occupancy expected by the end of 2023.

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