Mixed-use

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Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead

by Sarah Daniels

The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …

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DelawareFinanceMixed-useNews

Lument Arranges $14 Million Refinancing for Mixed-Use Development in Lewes, Delaware

by Abby Cox

Lewes, Del. — Lument has arranged a $14 million mortgage for the refinancing of Mi-Place at Vineyards, a 65,000-square-foot mixed-use development in Lewes. New Jersey-based developer Fernmoor was the borrower. Ben Retter of Lument’s Debt Capital Markets team arranged the CMBS loan, which carries a five-year, fixed interest rate. The loan will replace existing debt from a local bank. Mi-Place at Vineyards is part of a master-planned community that includes retail space, multifamily buildings, residential condominiums, carriage homes, townhouses and a grocery store. Beginning in 2010, construction for the property …

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Architecture and DesignDevelopmentFloridaInvestment salesMixed-useNews

Ardent Acquires 1.1 Million-Square-Foot Seminole Towne Center Mall in Florida, Plans Redevelopment

by Abby Cox

Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1 million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The …

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Legends Pointe
FloridaInvestment salesMixed-useNews

Marcus & Millichap Brokers $11.3 Million Sale of Mixed-Use Property in Clermont, Florida

by Abby Cox

Clermont, Fla. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office, represented the seller, a local LLC, in the transaction.  

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Inman Quarter
Company newsGeorgiaMixed-useNews

Jamestown Acquires Minority Stake in Mixed-Use Development in Atlanta

by Abby Cox

Atlanta — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises multiple restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The sales price and Jamestown’s …

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Medina Station
CaliforniaDevelopmentLeasingMixed-useNews

SimonCRE Acquires 64 Acres for Mixed-Use Project in Mesa, Arizona

by Abby Cox

Mesa, Ariz. — SimonCRE has acquired 64 acres of land for a new mixed-use development, dubbed Medina Station, in Mesa, roughly 20 miles outside Phoenix. Plans for the roughly 305,335-square-foot project include a multi-tenant retail center, retail outparcels, a restaurant district and a multifamily residential complex. Tenants at Medina Station will include Boot Barn, Einstein Bros. Bagels, Zara Nails, Café Zupas, GoodVets, U.S. Bank and Hawaiian Bros Island Grill. A Target store and a two-story, 80,000-square-foot Dick’s Sporting Goods will anchor the development. SimonCRE plans to break ground on the …

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Company newsDelawareDevelopmentGrocery-anchoredLeasingMixed-useNews

Blenheim Group Breaks Ground on 64,000-Square-Foot Weis Markets at Bayberry Town Center in Middletown, Delaware

by Abby Cox

Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …

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Dunham Pointe Development
Architecture and DesignCompany newsDevelopmentMixed-useNewsTexas

Trademark Property Co. Plans to Develop Mixed-Use Development in Cypress, Texas

by Abby Cox

Cypress, Texas — Fort Worth-based Trademark Property Co. plans to develop a mixed-use retail and restaurant district in the Dunham Pointe Development, a 1,300-acre master-planned community in the Houston suburb of Cypress. The Dunham Pointe Development will feature a mix of residential, office, retail and commercial facilities and have a total of 2,500 custom-built homes. The community will also include a public school. The mixed-use portion of the project will total 205,000 square feet and span 25 acres. According to Trademark, 48 retail, dining and lifestyle tenants have submitted preliminary …

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The Bend
Architecture and DesignDevelopmentMixed-useNewsTexas

Centennial Plans Additional Mixed-Use Component for Redevelopment of The Shops at Willow Bend in Plano, Texas

by Abby Cox

Plano, Texas — Dallas-based Centennial has revised its redevelopment plans for The Shops at Willow Bend, a 1.4 million-square-foot super-regional mall in Plano, to include townhomes and single-family residences. Centennial’s late 2024 acquisition of the Macy’s building at the center — following the retailer’s closure announcement of the location — has enabled the company to add the additional uses. Centennial previously unveiled plans to convert the enclosed center to a mixed-use property called The Bend. Under the plans, a portion of the enclosed mall’s footprint will be demolished to make room for …

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Lakeshore-Gainesville
DevelopmentGeorgiaMixed-useNews

Branch Properties Receives Rezoning Approval for Lakeshore Mall in Gainesville, Georgia

by Abby Cox

Gainesville, Ga. — Atlanta-based Branch Properties has received approval of its rezoning application for Lakeshore Mall in Gainesville. Plans call for the center to be redeveloped into a 49-acre mixed-use project, Lakeshore, that will include 305,444 square feet of retail space, 652 multifamily residential units and 38,200 square feet of outdoor community greenspace. Future phases of the project will include townhomes and a hotel. Construction is scheduled to begin in late 2026, with completion anticipated for 2028. Branch Properties, along with Lee Erickson of Franklin Street, will lead retail leasing …

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