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Mixed-use

Bridgewater-Commons-Bridgewater-N.J
DevelopmentInvestment salesMixed-useNew JerseyNews

Pacific Retail Capital Partners Acquires 1.2 Million-Square-Foot Mall in New Jersey, Plans Redevelopment

by Hayden Spiess

Bridgewater, N.J. — Pacific Retail Capital Partners (PRCP) has acquired Bridgewater Commons, a 1.2 million-square-foot mall located in Bridgewater, roughly 40 miles outside New York City, for an undisclosed price. The Village at Bridgewater Commons, an adjacent 94,000-square-foot open-air shopping center, was included in the acquisition. Tenants at the mall include Bloomingdale’s, Macy’s, Apple, J. Crew, lululemon, Athletica, Williams-Sonoma, The Cheesecake Factory, AMC Dine-In Theatres, LOFT, Maggiano’s Little Italy, Shake Shack and Starbucks Coffee.  PRCP has assumed the property’s existing loan and secured an extension, with plans to transform the …

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Centro-Austin-Texas
LeasingMixed-useNewsTexas

Four Tenants to Open at Centro Mixed-Use Development in Austin, Texas

by Hayden Spiess

Austin, Texas — Four new tenants have signed leases at Centro, a mixed-use development spanning two blocks in Austin. Pure Barre, Brooklyn Dumpling Shop, Birds Barbershop and Full Ride Cycling will occupy spaces within 15,000 square feet of ground-floor retail space at the property. Jeremy Smitheal, Win Smith and Bennett Holcomb of Riverside Resources represented the landlord in the leasing negotiations.

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Jimbo's-San-Diego-rendering
CaliforniaDevelopmentGrocery-anchoredMixed-useNews

Jimbo’s Naturally! Signs 25,000-Square-Foot Lease in San Diego

by Hayden Spiess

San Diego — Jimbo’s Naturally has signed a 25,000-square-foot lease at The Row at Civita, Sudberry Properties’ 20-acre mixed-use development located in San Diego. The grocery store will be an anchor at the property, which is situated within the 230-acre master-planned community of Civita. Construction on the building is scheduled to begin in early 2025, with the opening planned for the second half of 2026. This will mark the fifth Jimbo’s store within San Diego County.

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Whitecap-NPI
DevelopmentMixed-useNewsTexas

Ashlar Development Breaks Ground on $800 Million Whitecap NPI Master-Planned Community in Corpus Christi

by Hayden Spiess

Corpus Christi, Texas — Developer Ashlar Development LLC and owner Diamond Beach Holdings LLC have broken ground on Whitecap NPI, an $800 million master-planned community on North Padre Island in Corpus Christi. The 240-acre development will serve as the first and only coastal luxury residential and resort destination on the island, according to the development team. Upon full build-out, Whitecap NPI will feature over 600 residential options, including single-family homes, villas, condos and cross-generational housing. The homes, many with canal access for boating and water sports, will be situated in …

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Retailers Sellers Caldwell Northmarq
FeaturesFinanceIndustry ContentLeasingMallsMixed-usePower centersRetail InsightRetailers

Buyers Have Reasons to Buy, Sellers Just Need to Sell

by Sarah Daniels

Margaret Caldwell, managing director and senior vice president at Northmarq in Atlanta, thinks this is a great time to be a retail owner. The only problem? Sellers do too. “The biggest challenge is the small supply of retail in this market,” she says. “Sellers are very hesitant to sell, even though the ones who are selling are experiencing great results and achieving their pricing.” Caldwell notes that in the Southeast there has been a slight change in pricing of around 50 basis points over the past year or so. However, …

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thepomp
DevelopmentFloridaMixed-useNews

Cordish, Caesars Reveal Plans for 223-Acre Mixed-Use Project in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — The Cordish Cos. and Caesars Entertainment Inc. (NASDAQ: CZR) are co-developing The Pomp, a 223-acre mixed-use development in Pompano Beach. The property’s name pays homage to the former Pompano Park racetrack on the project site, which is located 35 miles north of Miami and 10 miles north of Fort Lauderdale. Upon completion, The Pomp will feature 1.3 million square feet of retail and entertainment space, as well as 4,000 residential units, two hotels and approximately 1.4 million square feet of office space. The project will include …

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Forum-Peachtree-Corners
DevelopmentGeorgiaMixed-useNews

NAP, Nuveen Break Ground on Mixed-Use Redevelopment of Forum Peachtree Corners in Metro Atlanta

by Hayden Spiess

Peachtree Corners, Ga. — North American Properties (NAP) has partnered with Nuveen Real Estate to begin the redevelopment of The Forum Peachtree Corners. The partnership, which acquired the shopping center in March 2022, plans to deliver the redevelopment in phases, beginning with retail- and pedestrian-focused upgrades. Upon completion, the project will include a 125-room boutique hotel, 381 apartments, experiential retailers, eateries, structured parking and new public spaces. In addition to these uses, the developers will implement concierge services and valet offerings.

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Five-Below-Central-Vermont-Marketplace-Berlin-Vt
DevelopmentLeasingMixed-useNewsVermont

Heidenberg Rebrands, Signs Leases Totaling 60,000 Square Feet at Berlin Mall in Vermont

by Hayden Spiess

Berlin, Vt. — Heidenberg Properties Group has rebranded Berlin Mall as Central Vermont Marketplace in Berlin. This comes as part of the property’s transition to a mixed-use development, which included the opening of Chesnut Place, a 98-unit senior living facility. Heidenberg has also added two new retailers, which occupy a total of 60,000 square feet. Five Below opened a store at the property in February and Hobby Lobby took over the former JC Penney anchor space in April. Heidenberg has also obtained approval for the addition of 30 residential units …

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Kerns-Bakery-Construction_Knoxville-Tenn
DevelopmentMixed-useNewsTennessee

Monday Night Brewing to Open Taproom at Kern’s Bakery Mixed-Use Development in Knoxville

by Katie Sloan

Knoxville, Tenn. — Monday Night Brewing will open a taproom within Kern’s Bakery Food Hall at Kern’s Bakery, a 16-acre mixed-use development currently underway in Knoxville. The taproom, which will mark Monday Night’s sixth location and second in Tennessee, will comprise 3,000 square feet with access to a patio and 7,000-square-foot event lawn. Monday Night will also manage the primary bar for the development’s food hall, two separate rooftop patio bars and a smaller bar near the interior performance stage. The food hall comprises the second phase of Four Stones …

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Watson Island
DevelopmentFloridaMixed-useNews

BH3 Management, Merrimac Ventures to Develop Mixed-Use Project on Miami’s Watson Island

by Hayden Spiess

Miami —BH3 Management and Merrimac Ventures have acquired development rights for a 10.7-acre site on Watson Island, an island within Miami city limits. The land is owned by the City of Miami and fronts Biscayne Bay midway between downtown Miami and Miami Beach. Alex Zylberglait of Marcus & Millichap brokered the transaction. A site plan is already approved, combining hotel, retail and residential uses alongside new public space and a waterfront promenade. While the plan will be updated, BH3 Management and Merrimac Ventures intend to develop within the same footprint …

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