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Mixed-use

Eastgate-Shopping-Center_Memphis
Investment salesMixed-useNewsTennessee

Arrow Retail Sells 454,843-Square-Foot Eastgate Shopping Center in Memphis

by Hayden Spiess

Memphis, Tenn. — Arrow Retail has sold Eastgate Shopping Center, a 454,843-square-foot mixed-use property located in Memphis. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction. An affiliate of Gulf Coast Commercial Group purchased the property for an undisclosed price. Situated between downtown Memphis and Germantown, Eastgate comprises 388,489 square feet of retail space and 66,354 square feet of office space. Tenants include The Fresh Market, T.J. Maxx, buybuy Baby, Dollar Tree, Ross Dress for Less, Burlington, Five Below, Michaels, Rack Room Shoes, Tuesday …

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2551-San-Ramon-Valley-Blvd-San-Ramon-CA
CaliforniaInvestment salesMixed-useNews

University Avenue Partners Acquires 51,149-Square-Foot Mixed-Use Property Near San Francisco

by Hayden Spiess

San Ramon, Calif. — University Avenue Partners has purchased a mixed-use property located in San Ramon, approximately 40 miles east of San Francisco. Terms of the transaction were not released. At the time of sale, the 52,149-square-foot property was 90 percent leased to a mix of office and retail tenants. Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak of Newmark facilitated the transaction. Nicholas Bicardo of Newmark advised on the retail component of the sale.

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Live!-Gaming & Entertainment- District-Petersburg-Va
DevelopmentMixed-useNewsVirginia

Cordish Cos. to Build $1.4 Billion Mixed-Use Development in Metro Richmond

by Hayden Spiess

Petersburg, Va. — Cordish Cos. has announced plans for a $1.4 billion mixed-use project located in Petersburg, roughly 24 miles south of Richmond. Upon completion, the development, dubbed Live! Gaming & Entertainment District, will comprise 4 million square feet, including 600,000 square feet of retail, dining and entertainment space. The property will also include 1,300 residential units, 500 hotel rooms and office space. Built in phases, the project’s first phase will consist of the Live! Casino & Hotel Virginia, pending legislative approval. Plans for the first phase include 670,000 square …

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LeasingMixed-useNewsTexas

Midway Executes 25,000 Square Feet of New Leases at Houston Center

by Hayden Spiess

Houston — Midway has arranged leases with six tenants at CITYCENTRE, a mixed-use development located in Houston featuring shopping, dining, office and entertainment space. The new leases total 25,000 square feet and bring the retail space at the center to 90 percent occupancy. Restaurant Daily Gather, Nike Live, Epic-Cycles bicycle shop, Tempur-Pedic and western brand Tecovas opened at the center this year. Orthodontists Smile Doctors will also open a location at the property soon.

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Westfield-Old-Orchard-Chicago-rendering
DevelopmentIllinoisMixed-useNews

URW Plans Redevelopment of Westfield Old Orchard in Chicago

by Hayden Spiess

Chicago — Unibail-Rodamco-Westfield (URW) has announced plans for a mixed-use development at Westfield Old Orchard shopping center. Plans include retail, residential, dining, entertainment and health and wellness space, as well as an open-air plaza to host events. Work on the multi-phase project began this fall, with enhancements to the common areas. New tenants have also opened at the property, including Bloomingdale’s Bloomies concept, Louis Vuitton and Barnes & Noble. The project will continue in 2023 with the redevelopment of a space that formerly housed Lord & Taylor. Construction of the …

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Cuyahoga-Riverfront-Cleveland
DevelopmentMixed-useNewsOhio

Bedrock, City of Cleveland Unveil Plans for $3.5 Billion Cuyahoga Riverfront Project

by Hayden Spiess

Cleveland — A partnership between Detroit-based developer Bedrock and the City of Cleveland has unveiled plans for the Cuyahoga Riverfront, an initiative that will feature 3.5 million square feet of new development and adaptive reuse projects across 35 acres of publicly and privately owned waterfront land. According to multiple news outlets including The Plain Dealer and Spectrum News, the project is valued at $3.5 billion. Preliminary plans for the site call for the addition of approximately 2,000 residential units, 850,000 square feet of office space and 12 acres of open …

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Interlock_Phase2_Atlanta
DevelopmentGeorgiaGrocery-anchoredMixed-useNews

SJC Ventures Tops Out Second Phase of $750 Million Interlock Mixed-Use Development in Atlanta

by Hayden Spiess

Atlanta — SJC Ventures has topped out the second phase of The Interlock, a $750 million mixed-use project located in Atlanta’s West Midtown district. The second phase, built by Choate Construction and anchored by a 42,000-square-foot Publix, features 275,000 square feet of commercial space and 670 units of student housing for Georgia Tech students. Construction on the second phase began in May 2021. Additionally, four new retailers have inked leases at The Interlock. Pinky Promise Champagne Bar, The X Pot, City Nails and GoodVets will join the tenant lineup. Previously …

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Mix-Frisco
DevelopmentMixed-useNewsTexas

StreetLights Residential Plans $3 Billion The Mix Development in Metro Dallas

by Hayden Spiess

Frisco, Texas — StreetLights Residential has unveiled plans for The Mix, a $3 billion mixed-use project located at the intersection of Dallas Parkway and Lebanon Road north of Dallas’ Platinum Corridor in Frisco. The 112-acre project is set to include 2 million square feet of office space; 375,000 square feet of retail, including a grocery store; a 400-key business hotel and 200-key boutique hotel; and 3 million square feet of residential development. The development will also include a 9-acre central park designed by OJB Landscape Architecture, the landscape firm behind …

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DevelopmentMixed-useNew YorkNews

Reports: New York City Council Approves $2 Billion Mixed-Use Project in Queens

by Hayden Spiess

New York City — The New York City Council has approved Innovation QNS, a $2 billion mixed-use project that will be located in the Astoria neighborhood of Queens, according to reports from multiple news outlets including Crain’s and Patch. A partnership between BedRock Real Estate Partners, Kaufman Astoria Studios and Silverstein Properties is developing Innovation QNS, which will span five city blocks and will be an expansion of the Kaufman Arts District. The various reports differ on the exact size of the multifamily component, but the project page on the …

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fifth-broadway-nashville
Investment salesMixed-useNewsTennessee

Northwood Investors Acquires Fifth + Broadway Mixed-Use Development in Nashville for $715 Million

by Hayden Spiess

Nashville, Tenn. — Global real estate investment firm Northwood Investors LLC has acquired Fifth + Broadway, a newly developed mixed-use project in Nashville. The purchase price was $715 million, according to the Nashville Post. Brookfield Properties, which developed and operated the asset, completed construction in 2021. Northwood purchased the property in its entirety, including the retail portion, 501 Commerce office tower and The Place residences, from a subsidiary of Brookfield. Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of the city and the state …

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