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Mixed-use

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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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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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