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Mixed-use

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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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Previous-West-End
DevelopmentGeorgiaMixed-useNews

City of Atlanta Unveils Plans for Mall West End Redevelopment

by Hayden Spiess

Atlanta — The City of Atlanta, through Atlanta Urban Development (AUD), has unveiled plans for a 1.7 million-square-foot mixed-use redevelopment of the Mall West End. BRP Cos. is the developer. Key elements of the Mall West End redevelopment plan include: approximately 120,000 square feet of retail space, including a grocery store, fitness center, food and beverage, and local boutiques; 893 mixed-income rental units; 152 beds of student housing; a 150-key hotel; 12,000 square feet of medical office space; and community amenities. The project site is located steps from four Historically Black …

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Northside-SanTan-Village-Gilbert-AZ
ArizonaDevelopmentMixed-useNews

Okland Capital, San Tan Development Break Ground on $100 Million Northside at SanTan Village Mixed-Use Project Near Phoenix 

by Hayden Spiess

Gilbert, Ariz. — Okland Capital and San Tan Development Group have broken ground on Phase I of Northside at SanTan Village, a $100 million mixed-use development in the Phoenix suburb of Gilbert. The first phase will feature 37,245 square feet of retail and restaurant space across six buildings, with completion scheduled for mid-2025.  Upon full build-out, Northside at SanTan Village will span 20 acres and include a 134-key hotel, in addition to retail, restaurant and community green space.  The project team includes general contractor Okland Construction and architect Aline Architecture Concepts. …

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South-Bend-Center_Austin-Texas
FinanceInvestment salesMixed-useNewsTexas

JLL Secures Acquisition Financing for 43,811-Square-Foot Mixed-Use Property in Austin, Texas

by Hayden Spiess

Austin, Texas — JLL Capital Markets has secured acquisition financing for South Bend Center, a mixed-use property located in Austin. Built in 1984, the property totals 43,811 square feet across three buildings, with retail, flex warehouse, restaurant and medical office space. CW Sheehan and Peyton Ackerman of JLL arranged the financing on behalf of the borrower, Duncan Park Capital. 

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Wilshire-Rodeo-Plaza-Bevelry-Hills-CA
CaliforniaInvestment salesMixed-useNews

Tinder Founder Justin Mateen Leads $211 Million Acquisition of Wilshire Rodeo Plaza Office/Retail Property in Beverly Hills

by Hayden Spiess

Beverly Hills, Calif. — Tinder founder Justin Mateen, his brother Tyler Mateen and their brother-in-law Pouya Abdi have acquired Wilshire Rodeo Plaza, a Class A office and retail complex located at the corner of Rodeo Drive and Wilshire Boulevard in the posh Los Angeles suburb of Beverly Hills. Nuveen sold the asset for $211 million. The 300,000-square-foot property includes three six-story office and retail buildings along Wilshire Boulevard and a three-story office building along Rodeo Drive.  The buyers plan to rebrand the property as One Rodeo, as well as upgrade and …

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United-Center-Redevelopment-Chicago
DevelopmentEntertainmentIllinoisMixed-useNews

Bulls, Blackhawks Owners Unveil Plans for $7 Billion Transformation of Chicago Athletic District

by Hayden Spiess

Chicago — The owners of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks have unveiled plans for the transformation of the area around their shared venue, the United Center. The initiative is known as The 1901 Project, and development costs are estimated at $7 billion. Michael Reinsdorf, CEO of the Bulls and son of owner Jerry Reinsdorf, formally announced the project on Tuesday, July 23. The elder Reinsdorf, along with Blackhawks owner Danny Wirtz, co-owns the United Center, where both teams have played since 1994. The name is a reference to …

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Town-Center-The-Downs_Scarborough-Maine
DevelopmentMaineMixed-useNews

Crossroads Holdings Underway on $300 Million Mixed-Use Project Near Portland, Maine

by Hayden Spiess

Scarborough, Maine — Developer Crossroads Holdings LLC is underway on the development of Town Center, a $300 mixed-use project located in Scarborough, roughly 10 miles southwest of Portland. Situated within The Downs — a larger, 577-acre redevelopment of a former horseracing complex — the project will include 320,000 square feet of retail space, 60,000 square feet of medical office space, 240 residential units and a boutique hotel, as well as various open green spaces. Construction began last fall. Wilder Cos. has partnered with Crossroads to manage marketing and leasing initiatives for the …

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