Las Vegas — Bally’s Corp. has announced plans for Bally’s Las Vegas, an entertainment resort destination planned on the 35-acre site of the former Tropicana Las Vegas hotel and casino. The casino and sports entertainment operator is partnering with JLL and Marnell Cos. on the development, which is being submitted to Clark County for entitlements. Bally’s Las Vegas will share the site with the new Las Vegas Athletics Major League Baseball ballpark, a move by the Oakland Athletics that was announced and approved in 2023. Bally’s expects construction at Bally’s Las Vegas to begin …
Retailers
Hoffman & Associates, Partners Complete 10-Acre West Falls Mixed-Use Development in Metro D.C.
Falls Church, Va. — Hoffman & Associates, alongside a group of development partners that includes Rockwood Capital and Grosvenor Americas, has completed West Falls, a 10-acre mixed-use development in Falls Church. The transit-oriented project sits about 10 miles west of Washington, D.C., and is located near the West Falls Church Metro station. Hoffman & Associates, a local developer that is perhaps best known for leading the development of the $3.6 billion Wharf mixed-use waterfront destination in D.C., partnered with the City of Falls Church and Torti Gallas + Partners, to bring the project …
Webinar: From Roadblocks to Results: Making Mixed-Use Work in Today’s Market
The September 17 Shopping Center Business webinar “From Roadblocks to Results: Making Mixed-Use Work in Today’s Market,” hosted by Shopping Center Business and sponsored by KTGY, focused on some of the most dynamic and challenging sectors of retail real estate today: mixed-use developments. The panelists covered strategies to make these projects work, including the importance of early stakeholder engagement, working with property owners, municipal leaders and community members, as well as ensuring that projects align with local needs and long-term visions. These retail experts also discussed these key topics and more: Watch this brief webinar …
Burbank, Calif. — Downtown Burbank, the walkable mixed-use neighborhood district in California with more than 400 shops, restaurants and services, has signed leases with 10 new tenants this year. Tigawok, Chubby Dumpling, Jam Jam Tea Studio and Lab Lagree have already opened at the district. Meanwhile, an additional mix of offerings will soon join them, including Supreme Crab, The Melt, iSmash, High Intensity Pilates, Flow Wine & Coffee and Fire Wings. The recent openings of various retailers and restaurants in Downtown Burbank coincides with the completion and development of approximately …
SoCal Retail Market Fundamentally Strong but Challenged by Space Shortage
If Calvin Short and Terrison Quinn, managing principals at SRS Real Estate Partners, could sum up the Southern California (SoCal) retail investment sales and leasing environment with one word, it would be “undersupplied.” From an investment standpoint, the region lacks depth in available properties for sale, unlike other parts of the country where there have been leverage shifts in favor of the buyer due to oversupply, says Short, who represents buyers and sellers of retail assets nationwide. That’s particularly true in the net-lease space, which is driving some SoCal-based investors …
Zelco Properties, AGW Partners Acquire Retail Portion of Mixed-Use Development in Suburban Boston
Belmont, Mass. — Zelco Properties & Development, in partnership with AGW Partners, has acquired the retail portion of the Bradford, a newly constructed, 184,000-square-foot mixed-use development located in the western Boston suburb of Belmont. The Bradford comprises 115 luxury residential units across three buildings, along with 34,000 square feet of ground-floor retail. The acquisition includes multiple retail spaces ranging from 450 square feet to nearly 20,000 square feet. The retail space contains an anchor suite and a purpose-built restaurant space. Starbucks currently anchors the property, which features on-site parking options, a …
Atlanta and Chicago — Convenience retailer RaceTrac Inc. has entered into a definitive merger agreement to acquire all outstanding shares of fast-casual sandwich chain Potbelly Corp. for $17.12 per share. The all-cash transaction is valued at roughly $566 million, representing a premium of approximately 47 percent to Potbelly’s 90-day volume-weighted average price as of Sept. 9. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Founded more than 40 years ago in Chicago, Potbelly sells toasted sandwiches, salads, soups and hand-dipped …
Asana Partners to Complete Redevelopment of Pacific Box Mixed-Use Property in Charleston’s Upper Peninsula
Charleston, S.C. — Asana Partners is redeveloping Pacific Box, a 221,600-square-foot mixed-use development on Charleston’s Upper Peninsula. The redevelopment — which will include the conversion of 26,000 square feet of office space into lifestyle retail and restaurants — is already underway. Completion of the project is scheduled for the second quarter of 2026. Existing tenants will remain open throughout the redevelopment process. Spanning 10 acres along King Street, the newly converted space will include a 6,000-square-foot marquee restaurant space, exterior upgrades, new retail façades, improved central courtyard and turf areas, a children’s …
Buckeye, Ariz. — Vestar has signed leases with five new tenants at Verrado Marketplace, a 500,000-square-foot open-air lifestyle and entertainment center under development in Buckeye, roughly 35 miles west of downtown Phoenix. Retail and restaurant concepts including Sourdough & Co., See’s Candies, CityVet, Great Clips and NextCare are anticipated to open in May 2026 and will occupy a combined 10,000 square feet. Upon completion, Verrado Marketplace will offer a selection of retail, dining and service-oriented options. The new tenants will join a mix of anchors and national brands such as Target, …
Richardson, Texas — Three tenants have signed leases to join CityLine, a 204-acre mixed-use property under development in Richardson, roughly 14 miles north of downtown Dallas. Manny’s Mexican Kitchen will open its fifth restaurant, which will occupy 5,115 square feet. Show Mini Hot Pot will debut its second North American location, totaling 2,267 square feet. Meanwhile, IMAGE Studios will be expanding its space at the property to include 38 additional suites. The recently signed tenants will open this fall alongside a mix of other retailers and restaurants including Club Pilates, …