Mixed-use

DevelopmentLeasingMixed-useNewsTexas

Poké Concept to Open at 35,000-Square-Foot Food Hall Within Downtown Houston’s Capitol Tower

by Katie Sloan

Houston — SeaSide Poké has become the latest addition to the tenant roster at Understory, a 35,000-square-foot food hall and communal gathering spot within developer Skanska’s Capitol Tower office building in downtown Houston. SeaSide Poké, which will occupy approximately 500 square feet within the 9,000-square-foot culinary market, joins East Hampton Sandwich Co., Boomtown Coffee, Mama Ninfa’s Tacos y Tortas, MONA Fresh Italian Food and Flip ‘n Patties as the first six tenants at Understory. Nick Hernandez, Crystal Allen and Lacee Wilke of Transwestern represented Skanska and SeaSide Poké in the …

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LeasingMixed-useNewsTexas

Midway Adds New Retailers to 47-Acre Mixed-Use Development in Houston

by Katie Sloan

Houston — Local developer Midway has signed retail leases with three new tenants at CITYCENTRE, a 47-acre mixed-use development in Houston. New retailers include handbag and accessories retailer Brahmin, which will open a 1,000-square-foot store; City Bank, which will occupy 4,000 square feet; and Tiff’s Treats, which has signed a 1,430-square-foot lease. Lilly Golden and Blair Golden of Evergreen Commercial represented Midway in the lease negotiations. Brad Downs of The Auber Group represented Brahmin, and Jonathan Probst with The Retail Connection represented Tiff’s Treats, both of which are set to open …

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ColoradoInvestment salesMixed-useNews

Monfort Cos., Magnetic Capital Purchase Historic Building in Denver for $2.9 Million, Plan Redevelopment

by Alex Tostado

Denver — Monfort Cos. and Denver-based Magnetic Capital have acquired a historic building located at 2100 Larimer St. in Denver’s Ballpark neighborhood. An undisclosed seller sold the property for $2.9 million. The buyers plan to redevelop the two-story, 11,600-square-foot property into a mix of retail and office space. Formerly the site of the bar El Charrito, the renovation will preserve the building’s historic character while repositioning the property for new tenants. The developers are targeting a restaurant tenant for the 5,830-square-foot first-floor space, while seeking office tenants for the upper …

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DevelopmentMixed-useNewsNorth Carolina

Joint Venture to Break Ground on 2.5 Million-Square-Foot Mixed-Use Project in Raleigh-Durham, Announces First Wave of Retailers

by Alex Tostado

Cary, N.C. — A joint venture between Hines, Columbia Development Group LLC and USAA Real Estate will break ground on Phase I of Fenton, a 69-acre, 2.5 million-square-foot mixed-use development in Cary, North Carolina, this summer. The first phase will include a 99,000-square-foot Wegmans grocery store; 263,000 square feet of specialty retail, including a movie theater and food hall; a 146,000-square-foot office loft; 350 apartment units; and a 175-room hotel. Additionally, the first retail tenants have been announced. These include Crawford Brothers Steakhouse, a new concept from five-time James Beard …

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ColoradoFinanceMixed-useNews

Unico Properties Receives $10.2 Million for Refinancing of Mixed-Use Property in Denver

by Alex Tostado

Denver — Unico Properties has received $10.2 million in refinancing for 2nd and Clayton, a mixed-use office and retail property located in Denver’s Cherry Creek neighborhood. Unico Properties, a subsidiary of Unico Investment Group, used the proceeds to pay off an existing loan. Originally constructed in 1954, the asset comprises three buildings totaling 18,460 square feet of retail and office space. The properties are located at 2641, 2645, 2659 E. 2nd Ave. and 211 and 227 Clayton St. Tom Wilson and Leon McBroom of HFF arranged the six-year, fixed-rate loan …

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DevelopmentFinanceMixed-useNewsWashington DC

MRP Realty Receives $191.8 Million in Development Financing for Mixed-Use Project in Washington, D.C.

by Alex Tostado

Washington, D.C. — MRP Realty has received $191.8 million in development financing for Phase I of Bryant Street, a mixed-use project in northeast Washington, D.C. Phase I includes three mid-rise buildings comprising 487 multifamily units, a nine-screen Alamo Drafthouse Cinema and an additional 38,482 square feet of ground-floor retail space. At full buildout, the 13-acre project will feature 1,500 residential units, 250,000 square feet of retail space, 1.5 acres of green space and up to 2,000 parking spaces. The transit-oriented development will be located in the Edgewood neighborhood, near the …

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FinanceFloridaMixed-useNews

Dockerty Romer Arranges $53.1 Million Loan for Refinancing of Mixed-Use Asset in Miami’s Coconut Grove

by Alex Tostado

Miami — Dockerty Romer & Co. has arranged a $53.1 million permanent loan for the refinancing of Mayfair in the Grove, a three-story mixed-use asset in Miami’s Coconut Grove neighborhood spanning 281,066 square feet. Situated adjacent to the Mayfair Hotel & Spa, the property features office and retail space spread across three buildings. Mayfair in the Grove was 94.1 percent leased at the time of financing to tenants including Sony Music, Sapient Technologies, Regus and General Electric. Craig Romer and Chris Romer of Dockerty Romer, a RECA (Real Estate Capital …

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ColoradoDevelopmentMixed-useNews

Confluent, Kelmore Break Ground on 140,000-Square-Foot Boulevard at Lowry Mixed-Use Project in Denver

by Alex Tostado

Denver — Confluent Development and Kelmore Development have broken ground on The Boulevard at Lowry, a commercial mixed-use redevelopment project in Denver’s Lowry neighborhood. Situated on 1.5 acres, the infill development will feature 140,000 square feet of restaurant, retail and office space. A 25,000-square-foot Lucky’s Market will anchor the property. Additional tenants will include a 1,750-square-foot Logan House Coffee Co. Completion is scheduled for fourth-quarter 2020.

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DevelopmentMarylandMixed-useNewsRetailers

Greenberg Gibbons, Seritage Growth Partner for $150 Million Redevelopment Project at Metro Baltimore Mall

by Alex Tostado

Cockeysville, Md. — Greenberg Gibbons has formed a joint venture with Seritage Growth Properties to redevelop a 13.8-acre parcel at Hunt Valley Towne Center in Cockeysville, Maryland. Greenberg Gibbons owns the property, a mixed-use shopping center situated at 118 Shawan Road, 18 miles north of downtown Baltimore. Initial plans for Phase I of the $150 million redevelopment include renovations to the former two-story Sears building and Sears Auto Center. Michael’s and HomeGoods are open on the first floor, while more retail and entertainment concepts are being targeted for the second …

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FinanceMixed-useNewsTexas

CBRE Arranges $14.2 Million Construction Loan, Equity for Mixed-Use Project in Metro Houston

by Alex Tostado

Sugar Land, Texas — CBRE has arranged a $14.2 million construction loan and $3.4 million in equity for the development of MARCEL District, a 63,000-square-foot mixed-use project in Sugar Land, a southwestern suburb of Houston. The property, construction of which is underway and expected to last about nine months, will be located within the Cross Creek master-planned development. Jeff Stein of CBRE arranged the construction loan, which carries a floating interest rate, 76 percent loan-to-cost structure and a 25-year amortization schedule, on behalf of The Marcel Group, a private developer …

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