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Mixed-use

Cosm_Detroit
DevelopmentEntertainmentLeasingMichiganMixed-useNews

Cosm to Anchor 1.5 Million-Square-Foot Development at Cadillac Square in Detroit 

by Hayden Spiess

Detroit — Immersive entertainment concept Cosm has signed on as the anchor tenant at Development at Cadillac Square, a 1.5 million-square-foot mixed-use project scheduled to break ground in Detroit in 2025. Cosm Detroit will feature an LED dome spanning roughly 90 feet with Shared Reality technology, offering experiential sports and entertainment programming. Content will include a production of Cirque du Soleil’s “O,” as well as immersive art experiences from members of the Cosm Studios Creator Program. The venue, designed by architecture firm Rosetti, will also feature a food-and-beverage element, with gastropub-style …

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Mixed-Use-Project_Dallas
DevelopmentMixed-useNewsTexas

Balfour Beatty Breaks Ground on $95 Million Mixed-Use Project in Dallas

by Hayden Spiess

Dallas — Balfour Beatty has broken ground on a $95 million mixed-use project in Dallas. Balfour Beatty is constructing the project on behalf of the owners and developers, Acadia Realty Trust and Ignite-Rebees. Upon completion, which is scheduled for fall 2026, the development will total 161,00 square feet. Architecture firm GFF designed the property, which will feature 12,000 square feet of restaurant space and 75,000 square feet of retail space, as well as 74,000 square feet of office space and 500 parking spaces. 

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West-Falls_Falls-Church
DevelopmentLeasingMixed-useNewsVirginia

Two Tenants Sign Leases at West Falls Mixed-Use Development in Northern Virginia

by Hayden Spiess

Falls Church, Va. — Two new tenants are set to join West Falls, a 10-acre mixed-use development currently underway by Hoffman & Associates in Falls Church. Upon completion, the development will span 1.2 million square feet. The new tenants, Dok Khao Thai Eatery and a Chase Bank branch, are scheduled to open at the project next August and next April, respectively. West Falls will feature more than 120,000 square feet of shops and restaurants, as well as The Alder apartments, The Reserve at Falls Church seniors housing community, a Home2 Suites …

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Rockefeller-Center
FinanceMixed-useNew YorkNews

Tishman Speyer Completes $3.5 Billion CMBS Refinancing of Rockefeller Center in Midtown Manhattan

by Hayden Spiess

New York City — Locally based real estate giant Tishman Speyer has completed the $3.5 billion refinancing of Rockefeller Center, a 7.3 million-square-foot mixed-use campus in Midtown Manhattan. Bank of America and Wells Fargo led the consortium of lenders that provided the CMBS financing, which carries a fixed interest rate of approximately 6.23 percent. Tishman Speyer will use the proceeds to pay off a 20-year, $1.7 billion CMBS loan and additional mezzanine financing that will mature in May 2025, as well as to fund reserves for contractual leasing costs. Rockefeller Center …

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Queen-Ka'ahumanu-Center_Maui-Hawaii
DevelopmentHawaiiMixed-useNews

PRCP Receives Rezoning Approval for Queen Ka’ahumanu Center in Maui

by Hayden Spiess

Maui, Hawaii — Pacific Retail Capital Partners (PRCP) has received approval from the Maui County Council for its rezoning application for Queen Ka’ahumanu Center, which was submitted on behalf of the property ownership. PRCP is the property manager for the shopping center, which totals 570,000 square feet of gross leasable space. PRCP submitted the rezoning application in conjunction with LNR, the CMBS special service for the ownership. The undisclosed owners plan to transform the property into a mixed-use development. 

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DevelopmentMixed-useNew YorkNews

City of New Rochelle in New York Unveils Downtown Retail Strategy 

by Hayden Spiess

New Rochelle, N.Y. — The City of New Rochelle has unveiled new plans to advance retail, marking the latest phase in the mixed-use transformation of the city’s downtown. Redevelopment efforts are currently underway and have included $2.2 billion in private investment. The project, dubbed the Downtown Retail Strategy, will include the creation of Vanguard shopping district. The new strategy also includes a tenant improvement program that will provide $2.3 million in grants, as well as plans for streetscape beautification and safety improvements, retail enhancements through pop-ups and storefront revitalizations and the …

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Metrocenter
ArizonaDevelopmentFinanceMixed-useNews

Concord Summit Secures $24.5 Million Construction Financing for Mall Redevelopment in Phoenix

by Hayden Spiess

Phoenix — Concord Summit Capital has secured a $24.5 million construction loan to finance the redevelopment of Metrocenter, a mall located in Phoenix. Situated on 64 acres, the property will be transformed into a mixed-use development featuring 112,000 square foot of retail space, as well as 1,218 residential townhome units. Kevin O’Grady, Daniel Eidson and Ben Applebaum of Concord Summit arranged the financing on behalf of the developers, Concord Wilshire and TLG Investment Partners. Horizontal construction on the project is scheduled to begin during the fourth quarter of 2024, with vertical …

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Latta-Park_Durham_Publix
DevelopmentGrocery-anchoredMixed-useNewsNorth Carolina

Crosland Southeast Breaks Ground on Publix-Anchored First Phase of Mixed-Use Project in Durham, North Carolina

by Hayden Spiess

Durham, N.C. — Crosland Southeast has broken ground on Latta Park, a mixed-use project located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of additional retail space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates will oversee retail leasing at Latta Park, which is scheduled for a spring 2026 completion. The developer is investing $2 million in …

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Orlando-Sports-Entertainment
DevelopmentEntertainmentFloridaLeasingMixed-useNews

Live Nation to Open Entertainment Venue at 900,000-Square-Foot Westcourt Mixed-Use Project in Orlando

by Hayden Spiess

Orlando, Fla. — Live Nation will open a 3,500-seat entertainment venue at Westcourt Sports and Entertainment District, a 900,000-square-foot mixed-use project currently underway in downtown Orlando. Construction on the facility is scheduled to begin early next year, with an anticipated opening in 2027. SED Development, JMA Ventures and Machete Group are developing Westcourt, which will feature a 260-room hotel, 265 residential units, 300,000 square feet of office space and 125,000 square feet of entertainment and dining-focused retail space. Westcourt will also feature 1.5 acres of flexible green space that will host …

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San-Jacinto-Marketplace
DevelopmentMixed-useNewsTexas

Fidelis Breaks Ground on 105-Acre Mixed-Use Redevelopment of San Jacinto Mall in Metro Houston

by Hayden Spiess

Baytown, Texas — Fidelis Realty Partners has broken ground on the redevelopment of San Jacinto Mall, a regional shopping mall located roughly 25 miles east of Houston in Baytown.  Dubbed San Jacinto Marketplace, the current phase of development will include 500,000 square feet of retail and restaurant space alongside Pelican Green, a public green space. The development in total is expected to span 105 acres and include residential, hospitality and office components upon completion.  Fidelis originally purchased 40 acres of the mall property, which opened in 1981, in July 2015 with …

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