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Mixed-use

4700-N-12th-St-Phoenix-AZ
ArizonaInvestment salesMixed-useNewsRestaurants

Tortosa Sells Retail/Office Property in Phoenix for $4.4 Million

by Hayden Spiess

Phoenix — Tortosa LLC has completed the disposition of The Strip, a two-story retail and office building in Phoenix. 4700 Alliance LLC, a Seattle-based investment company, purchased the property, which was fully leased at the time of sale, for $4.4 million. The ground-floor space is leased to tenants including a craft beer and wine bar/restaurant, a craft coffee shop, a wine shop and café, a locally famous cake bakery and a soon-to-be completed speakeasy bar and co-working lounge. The second floor includes a salon, two architectural firms, a fitness tech …

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Lincoln-Square-Arlington-Texas
DevelopmentInvestment salesMixed-useNewsTexas

Trademark Acquires 470,000-Square-Foot Shopping Center in Arlington

by Hayden Spiess

Arlington, Texas — Trademark Property Co. has purchased Lincoln Square, a 470,000-square-foot retail center located at 1500 N. Collins St. in Arlington. Trademark will redevelop the property into a mixed-use development through a 30-year public-private partnership (P3) with the City of Arlington. Terms of the P3 require the developer to invest a minimum of $150 million over the next six years. The City Council has approved a co-investment of $14.2 million, and local residents will have input on the project. Current tenants at the property include Studio Movie Grill, Ulta …

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120-Fifth-Ave-Brooklyn
DevelopmentFinanceMixed-useNew YorkNews

Cushman & Wakefield Arranges $142.9 Million in Construction Financing for Mixed-Use Project in Brooklyn

by Hayden Spiess

New York City — Cushman & Wakefield has arranged $142.9 million in construction financing for 120 Fifth Ave., a mixed-use development in the Park Slope neighborhood of Brooklyn. The borrowers, Senlac Ridge Partners and The William Macklowe Company, are redeveloping the two-acre site, currently a one-story vacant grocery store and its parking lot, into a 212,000-square-foot mixed-income housing property and retail plaza. The project will comprise two buildings featuring 180 residential units, 25 percent of which will be affordable. The development will also offer 67,000 square feet of retail space …

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SouthSide-Works-Pittsburgh
FinanceMixed-useNewsPennsylvania

JLL Arranges $74 Million Financing for Mixed-Use Property in Pittsburgh

by Hayden Spiess

Pittsburgh —JLL Capital Markets has secured $74 million in financing for SouthSide Works, a 471,939-square-foot mixed-use development located in Pittsburgh. Nick Unkovic and Jeremy Bernstein of JLL arranged the financing — in the form of a six-year, floating-rate loan — with Dollar Bank on behalf of the borrower, SomeraRoad. SouthSide comprises five buildings and features 245,570 square feet of office space and 226,369 square feet of retail space. Tenants at the development include Fred Rogers Productions, COhatch, General Dynamics, LA Fitness, Pins Mechanical, Speckled Egg and Common Place Coffee, 1:11 …

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Target-Portland-Town-Center-Portland-Texas
DevelopmentMixed-useNewsTexas

McLeod Cobb to Break Ground on $100 Million Mixed-Use Project Near Corpus Christi

by Hayden Spiess

Portland, Texas — McLeod Cobb Investments is set to break ground on Portland Town Center, a $100 million mixed-use development located in Portland, roughly 10 miles outside Corpus Christi. The project will include 200,000 square feet of retail space and 300 multifamily units. A 128,500-square-foot Target will anchor the retail portion of Portland Town Center, which will also include 17 pad sites. The 45-acre development site is located at the intersection of US Hwy. 181 and Broadway Boulevard, roughly three miles from the Port of Corpus Christi. The project is …

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OAK-Oklahoma-City
DevelopmentLeasingMixed-useNewsOklahoma

Veritas Development Begins Signing Tenants to 20-Acre OAK Project in Oklahoma City

by Hayden Spiess

Oklahoma City — Veritas Development’s OAK, a 20-acre mixed-use project currently under development in Oklahoma City, has attracted tenants including RH, a home furnishing store; Arhaus, a furniture and design store; and Capital Grille, a steakhouse. RH will occupy 42,000 square feet, Arhaus will lease 17,000 square feet and Capital Grille will open a 10,000-square-foot restaurant. Additionally, Veritas has announced a 132-key boutique hotel in partnership with Gatehouse Capital, and 320 multifamily homes in collaboration with Mintwood Real Estate. Work at the project site began this summer, and vertical construction …

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Hawthorn-Mall-Vernon-Hills-Ill
DevelopmentIllinoisMixed-useNews

Centennial Expands Redevelopment Plans for Hawthorn Mall in Vernon Hills, Illinois

by Hayden Spiess

Vernon Hills, Ill. — Dallas-based real estate firm Centennial has revealed plans to expand on its Hawthorn 2.0 redevelopment of Hawthorn Mall, a super-regional shopping center in Vernon Hills, a northern suburb of Chicago. Built in 1973, the mall currently houses over 120 retailers. Centennial first announced the redevelopment of Hawthorn Mall in 2019, which included new retail and dining options, luxury multifamily housing and indoor/outdoor gathering spaces. The expanded plans nearly triple the new development at the property and include 162 units of seniors housing, a 25,000-square-foot grocery store …

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Uptown-Park-Houston
LeasingMixed-useNewsRestaurantsTexas

EDENS Adds Five New Retail Concepts to Uptown Park in Houston

by Hayden Spiess

Houston — EDENS has announced the addition of five new tenants to Uptown Park, a retail center located in Houston. Restaurant Lombardi Cucina Italiana will open a 9,350-square-foot location; Polestar, a Swedish electric car brand, will occupy 3,420 square feet; and GLOSSLAB, a membership-based nail salon, will occupy 972 square feet. Rocambolesc, an ice cream shop, opened at the retail center earlier this year. Fertility and reproductive health clinic kindbody also recently opened its 5,360-square-foot location at Uptown Park.

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Puttshack-1
DevelopmentLeasingMixed-useNews

Comstock Signs Puttshack to Lease at Reston Station Mixed-Use Project in Northern Virginia

by Hayden Spiess

Reston, Va. — Comstock Holding Cos. Inc. has signed mini-golf entertainment concept Puttshack to anchor Phase II of Reston Station, an 80-acre mixed-use project underway in Northern Virginia. Located near the Wiehle-Reston East Metro Station at 1850 Reston Row Plaza in Reston, Puttshack will be the project’s first active entertainment venue when it opens in summer 2025. The more than 29,000-square-foot space will feature four nine-hole mini-golf courses equipped with the company’s proprietary Trackaball technology, which keeps track of patron scores as they play. The venue will also offer a …

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Tatte-Assembly Row-Somerville-Mass
LeasingMassachusettsMixed-useNews

Federal Realty Adds Five New Tenants to Assembly Row in Boston Suburb

by Hayden Spiess

Somerville, Mass. — Five new tenants are scheduled to open at Assembly Row, a mixed-use development located in Somerville, a suburb of Boston. Athleta; ZWILLING J.A. Henckels, a cutlery and kitchenware retailer; Coach; Aerie; and Paper Source have signed leases and are scheduled to open within the next year. Other soon-to-open retailers include Civility Social House, Pandora Jewelry, An Nam Vietnamese Grill, FRANK Restaurant + Market, PNC Bank and Tribos Peri Peri. The property is also undergoing improvements, such as the addition of a dog park and outdoor firepit.

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