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Mixed-use

Briarwood-Hines
DevelopmentMichiganMixed-useNews

Hines, Simon Break Ground on Mixed-Use Development at Briarwood Mall in Ann Arbor

by Hayden Spiess

Ann Arbor, Mich. — A joint venture between Hines and Simon Property Group (NYSE: SPG) has broken ground on a mixed-use development at Briarwood Mall, a regional mall in Ann Arbor.  Owned by Simon, Briarwood Mall opened its doors in October 1973. The new mixed-use component of the property, which sits about 2.5 miles south of the University of Michigan, will include a four-story luxury apartment building, Harvest Market grocery store and additional retail space surrounding an activated outdoor plaza.  The partnership has broken ground on the multifamily component of the …

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DevelopmentEntertainmentMixed-useNewsTexas

Partners Group, Presidium to Add 65,000-Square-Foot Entertainment Venue at River Park Mixed-Use Project in Austin, Texas

by Hayden Spiess

Austin, Texas — Partners Group and Presidium are underway on the addition of a 65,000-square-foot indoor entertainment venue at River Park, a mixed-use project being developed by the joint venture. A third-party developer and operator will open the venue, which will serve as an anchor for the first phase of River Park and will host live music shows, community events and other programming.  Upon completion, River Park will also feature retail, office and residential space, as well as public parks and trails. 

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CaliforniaInvestment salesMixed-useNews

BH Properties Acquires 405,250-Square-Foot Mixed-Use Property in San Diego

by Hayden Spiess

San Diego — BH Properties has acquired Hazard Center, a 405,250-square-foot mixed-use property located in San Diego. Situated on 14.5 acres, the development features 135,000 square feet of retail space, as well as a 270,000-square-foot office tower. Retail tenants at the property include Barnes & Noble, Orange Theory Fitness, BJ’s Brewhouse, Wood Ranch BBQ & Grill, Which Which Superior Sandwiches and FedEx. Adam Edwards, Justin Shepherd, Michael Kathrein and Bailey Bland of Eastdil Secured marketed the property and acted as advisor to the undisclosed seller. 

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GeorgiaLeasingMixed-useNews

Sugarcoat Beauty Signs Lease at 47-Acre Uptown Atlanta Mixed-Use Development in Atlanta

by Hayden Spiess

Atlanta — Sugarcoat Beauty has signed a lease at Uptown Atlanta, a 47-acre mixed-use development in Atlanta. Scheduled to open in early 2025, the concept will offer manicures, pedicures, facial, lash treatments and other services. Other tenants at the property — which features 120,000 square feet of retail and restaurant space, as well as office and community gathering spaces — include Roundhouse Kickboxing, The Commodore, J’ouvert Caribbean Kitchen, El Gordo, 26 Thai Kitchen and Bar and Bene Korean. Rubenstein Partners is the developer and landlord. 

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Pearl-Street
DevelopmentFloridaMixed-useNews

Gateway Jax Receives Approval for $2 Billion Mixed-Use Project in Downtown Jacksonville

by Hayden Spiess

Jacksonville, Fla. — Gateway Jax has received approval from the Jacksonville City Council for the development of Pearl Street District, a $2 billion mixed-use project set to span 25 blocks in downtown Jacksonville.  Plans for the development include 1,000 residential units; more than 100,000 square feet of retail space; public gathering spaces, including parks surrounding the historic Porter House mansion; widened and shaded sidewalks; and a curbless “festival street” with outdoor dining. Gateway Jax bought the site last year. Anticipated tenants for the retail portion of the project include a full-service …

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River District
IllinoisInvestment salesMixed-useNews

Bucksbaum Properties Acquires 71,000-Square-Foot Mixed-Use Property in Metro Chicago

by Hayden Spiess

Naperville, Ill. — Bucksbaum Properties has acquired River District, a 71,000-square-foot mixed-use development situated on 2.7 acres in Naperville, roughly 35 miles outside Chicago. Built in 1988, the property features 59,000 square feet of retail space and 12,000 square feet of second-floor office space. Retail tenants at the development include Rosebud, Fat Rosie’s Taco & Tequila Bar, Chipotle Mexican Grill and Five Guys. According to a press release issued by the company, the acquisition is part of a strategy to acquire “assets that offer a long-term potential for higher and better …

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West-Ridge-Mall
DevelopmentKansasMixed-useNews

Advisors Excel Underway on Redevelopment of 992,000-Square-Foot Mall in Topeka, Kansas

by Hayden Spiess

Topeka, Kan. — Advisors Excel is underway on the mixed-use redevelopment of West Ridge Mall, a 992,000-square-foot enclosed mall located in Topeka. Upon completion, the property will house the new company headquarters for Advisors Excel, as well as coworking spaces and retail uses including theaters, fitness concepts, spas, breweries and cafes. Macy’s and Sears previously anchored the mall, which was originally opened in 1988. The retailers closed at the location in 2012 and 2018, respectively. Russell Glen will serve as a partner on the redevelopment project. RDC will serve as architect …

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LeasingMixed-useNewsUtah

New Tenants Sign Leases Totaling 11,200 Square Feet at Valley Grove in Utah

by Hayden Spiess

Pleasant Grove, Utah — Five new tenants have signed leases totaling 11,200 square feet at Valley Grove, a mixed-use development by St. John Properties in Pleasant Grove. Feather Hat Bar, MassageLuXe, Melty, Panera Bread and Royal Suits will occupy 1,400; 2,600; 1,621; 3,755; and 1,847 square feet, respectively. Chris Lorenzon of Commercial Real Estate Specialists represented MassageLuXe in the lease negotations. Derek Orr of SW Valley KW Commercial represented Melty, and JR Moore of Mountian West Commercial represented Panera Bread. 

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Platt-Springs-Crossing_Lexington
DevelopmentGrocery-anchoredMixed-useNewsSouth Carolina

Lexington Land Development Breaks Ground on $65 Million Mixed-Use Project Near Columbia, South Carolina

by Hayden Spiess

Lexington, S.C. — Lexington Land Development Co. has broken ground on Platt Springs Crossing, a $65 million mixed-use project in the Columbia suburb of Lexington. Upon completion, the 57-acre project will comprise a Lowes Foods grocery store, 10,000 square feet of inline retail space, 13 retail outparcels and 142 residential townhouses. Tenants at the development will include Chipotle Mexican Grill (which began construction earlier this summer), Panda Express, Whataburger, Harbor Freight Tools, Heartland Dental, WellStreet Urgent Care, Big Blue Marble Academy, Planet Fitness and Tidal Wave Car Wash. A construction timeline …

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Bayfair-Mall-San-Leandro-CA
CaliforniaDevelopmentFinanceMixed-useNews

Colliers Arranges $33 Million Financing for Bayfair Mall Redevelopment in San Leandro, California

by Hayden Spiess

San Leandro, Calif. — Colliers Mortgage has secured a $33 million bridge loan to refinance Bayfair Mall in San Leandro. The 715,000-square-foot property is being redeveloped into a mixed-use retail power center and R&D campus in San Leandro. Shahin Yazdi, Jonathan Lee, Tommy Adelson and William Hyatt of Colliers arranged the financing, which includes a 36-month term with optional extensions, on behalf of the borrower, B3 & Gaw. The borrower’s multi-phase business plan includes closing the indoor corridors of the mall, renewing leases for existing retail tenants and filling vacancies with …

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