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Mixed-use

Chastain-Market_Sandy-Springs
DevelopmentGeorgiaLeasingMixed-useNews

CONNOLLY, Coro to Reposition 120,000-Square-Foot Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Sandy Springs, Ga. — A partnership between CONNOLLY and Coro Realty has announced plans to reposition the retail portion of a 120,000-square-foot mixed-use development located in Sandy Springs, roughly 16 miles north of Atlanta. The partnership acquired the property in February 2022 for $40.5 million. Formerly known as Sandy Springs Gateway, the development will undergo capital improvements and be known as Chastain Market going forward. Improvements will include infrastructure improvements, increased connectivity among common areas and upgraded landscaping. New tenants will also join the property, with chef Kevin Maxey opening a …

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Sunrise-Market_Verrado-Ariz
ArizonaDevelopmentMixed-useNews

HCCJ Family Partners Breaks Ground on 35,000-Square-Foot Mixed-Use Development in Metro Phoenix 

by Hayden Spiess

Verrado, Ariz. — HCCJ Family Partners has broken ground on Sunrise Market, a 35,000-square-foot mixed-use development located in Verrado, roughly 30 miles west of Phoenix. Tenants at the property, which is currently 65 percent pre-leased, will include Copper & Sage, Bobazona, Bosa Donut and Honey Nail. James DeCremer, Matt Milinovich, Alec Miller and Drew Sampson of Avison Young manage leasing at the project on behalf of HCCJ. Construction is scheduled for completion in January 2024. 

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Chadbourn-Mill_Charlotte-N.C
DevelopmentInvestment salesMixed-useNewsNorth Carolina

Northpond Partners Purchases Adaptive Reuse Development in Charlotte for $12.5 Million

by Hayden Spiess

Charlotte, N.C. — Northpond Partners has purchased Chadbourn Mill, an adaptive reuse project underway at a 1930s-era textile mill in Charlotte. Northpond purchased the property from Federal Capital Partners (FCP) for $12.5 million, with plans to develop retail and restaurant space. Renovations will include the addition of two 7,000-square-foot patios and the installation of garage doors on the 18,000 square feet of ground-floor retail space at the property’s main building. Plans also include the addition of a lawn adjacent to the secondary, 2,100-square-foot retail building. The corporate headquarters for software …

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CaliforniaDevelopmentFinanceMixed-useNews

Citivas Provides Construction Financing for 25,000-Square-Foot Mixed-Use Project in Santa Monica, California

by Katie Sloan

Santa Monica, Calif. — Citivas Capital Group has provided a senior construction loan for the development of a mixed-use project at Third Street Promenade in Santa Monica. Upon completion, the space, which will include retail and office space, will feature floor-to-ceiling windows and a 4,000-square-foot outdoor roof terrace. Blatteis & Schnur was the borrower. Jorge Adler of Citivas arranged the financing. 

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DevelopmentFloridaInvestment salesMixed-useNews

Codina Partners Acquires 15-Acre Former Sears Site, Plans Redevelopment in Metro Miami

by Hayden Spiess

Hialeah, Fla. — Codina Partners has acquired a 15-acre parcel formerly occupied by Sears at Westland Mall in Hialeah for an undisclosed price. The site has been vacant since February 2020. The locally based buyer has formed a joint venture with Westland Mall owner, Centennial, to redevelop the site and add a mixed-use concept with a residential component. Centennial acquired Westland Mall from Starwood Capital in 2021. The shopping center comprises more than 300,000 square feet of retail space that is anchored by Macy’s, JC Penney and the former Sears site. 

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Alterra-Real-Estate-Advisors
Investment salesMixed-useNewsOhio

Alterra Acquires Mixed-Use Property in Columbus, Ohio for $3.1 Million

by Hayden Spiess

Columbus, Ohio — Alterra Real Estate Advisors has acquired a mixed-use building in Columbus for $3.1 million. Constructed in 1986, the building comprises three stories and 62,000 square feet of retail and office space. Auto Owners Life Insurance Co., which is a tenant at the building, was a seller. Other tenants include BHM CPA Group, J Gilberts, Salon Lofts, Auto Owners Insurance, Fishbeck, Stringfield Industries, Valmer Land Title, NeuroRehab, Advanced Billing, Manifest IT, Firouzian Dentistry and Subway. Retail space at the property was fully leased at the time of sale. …

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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Rezones 100 Acres at Lakeforest Mall in Gaithersburg, Maryland for Mixed-Use Village

by Hayden Spiess

Gaithersburg, Md. — WRS Real Estate Investments has successfully rezoned a 100-acre site in Gaithersburg that houses Lakeforest Mall. The Gaithersburg City Council approved the rezoning of the site for mixed-use as well as a sketch plan of the future development. WRS purchased the core of the 1.1 million-square-foot regional mall in 2019. In 2022, the developer purchased the mall’s remaining department stores: J.C. Penney, Lord & Taylor, Sears and Macy’s. Upon completion, the mixed-use village will comprise up to 1.25 million square feet of retail, restaurant, dining, hospitality and …

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Medley
DevelopmentGeorgiaLeasingMixed-useNews

Toro Signs 11 Tenants to Mixed-Use Development Underway in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. (TDC) has announced leases with 11 tenants at Medley, a mixed-use project currently underway in Johns Creek, roughly 30 miles northeast of Atlanta. Upon completion, the development will include 200,000 square feet of retail, restaurant and entertainment space, as well as 900 residential units and 110,000 square feet of office space. Tenants will include Little Rey, CRÚ Food & Wine Bar, AYA Medical Spa, Fadó Irish Pub, BODY20, Lily Sushi Bar, Lucciano’s Gelato, Sugarcoat Beauty, Summit Coffee, Knuckies Hoagies and Cookie Fix.

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Lulah-Hills_Decatur
GeorgiaInvestment salesMixed-useNews

Edens to Redevelop North DeKalb Mall in Atlanta Suburb to 2.5 Million-Square-Foot Mixed-Use Development

by Hayden Spiess

Decatur, Ga. — Edens plans to transform North DeKalb Mall, an enclosed regional shopping mall in the Atlanta suburb of Decatur, into a 2.5 million-square-foot mixed-use development called Lulah Hills. Edens acquired the 622,297-square-foot mall in 2021 and rezoned the 73-acre site in 2022 to allow for mixed-use development. Upon completion, Lulah Hills will comprise 320,000 square feet of retail and restaurant space, 1,700 multifamily units, 100 townhomes and a 150-room hotel. North DeKalb Mall opened in 1965 and served as the first fully enclosed mall in metro Atlanta. Demolition …

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