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Mixed-Use

Uptown-Landing
DevelopmentFloridaMixed-UseRestaurantRetailSoutheastStudent HousingTop Stories

University of South Florida, Partners Break Ground on $500M Mixed-Use Project in Tampa

by Hayden Spiess

TAMPA, FLA. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium.  The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities.  Delivered through a master development agreement with ACE Fletcher LLC, this development marks the largest public-private partnership (PPP) in the history of the State University System of Florida. ACE Fletcher is a partnership between Capstone Development Partners, Aureate Development and Ellison Development. The project team also includes Provident Resources Group, CBI Construction, Baker Barrios Architects and Kimley-Horn.  Funding for the project includes $270 million in tax-exempt bond financing for the student housing, hospitality, restaurant and retail uses, as well as a roughly $225 million investment for the Translational Research Institute.  Capstone Management Partners will provide maintenance and operations services at the student housing building in a shared services agreement with USF.  The first phase is …

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DevelopmentMidwestMissouriMixed-UseRetailTop Stories

Kansas City Royals Select Construction Team for $3B Baseball Stadium, Mixed-Use Village

by John Nelson

KANSAS CITY, MO. — The Kansas City Royals have selected a construction team for the development of the club’s new $3 billion mixed-use village in downtown Kansas City, which will be anchored by a new 34,000-seat, open-air ballpark. The 85-acre district will be located within the city’s Crown Center neighborhood on the corporate campus of Hallmark Cards, which is a partner with the Royals on the overall development. The Royals have selected a joint venture between Minnesota-based Mortenson and Kansas City-based McCownGordon to serve as the construction manager at risk on the nearly 1.3 million-square-foot stadium. JE Dunn, also headquartered in Kansas City, will serve as a construction partner on the surrounding mixed-use district. Upon completion, which is expected in advance of the Royals’ opening day game in 2030, the mixed-use village will be the largest sports-anchored downtown development in baseball and the largest economic development project in the history of Kansas City, according to the Royals. “We’re proud to bring these outstanding construction companies together to build a world-class ballpark that will be seamlessly integrated with a best-in-class mixed-use development,” says Brooks Sherman, president of real estate and development for the Royals. “We have always said this is about …

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IllinoisLeasing ActivityMidwestMixed-UseRetail

Cullinan Properties Secures 500,000 SF of Leasing Activity at Rock Run Collection in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Cullinan Properties has secured more than 500,000 square feet of executed deals current or coming to Rock Run Collection, including naming five additional national and regional retail tenants alongside the previously announced Dick’s House of Sport. The announcement was made as the developer broke ground for the retail components at the 310-acre, 1.3 million-square-foot project in Joliet. The newly named retail tenants to open in 2027 include Five Below, Maurices, Spencer’s, Buckle and Milano Nail Salon. Additional tenants will be released soon. The retail portion is adjacent to the new Hollywood Casino Joliet and The View apartment complex. The 120,000-square-foot Dick’s House of Sport is the first to be built from the ground up in the Chicagoland area.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $4.5M Sale of Mixed-Use Portfolio in Poughkeepsie, New York

by Taylor Williams

POUGHKEEPSIE, N.Y. — Marcus & Millichap has brokered the $4.5 million sale of a portfolio of three mixed-use properties in Poughkeepsie, located north of New York City. The 28,990-square-foot portfolio consists of a mixed-use building with four commercial spaces and eight residential units, a 15-unit residential building with a commercial space and a five-unit residential structure. Brian Kaplan and John Horowitz of Marcus & Millichap represented the seller, an entity doing business as GSP One LLC, in the transaction.

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State-Street
AcquisitionsFloridaMixed-UseNorth CarolinaRetailSoutheast

Cuadra Capital Acquires 250,000 SF of Retail, Mixed-Use Developments in North Carolina, Florida

by Abby Cox

CHARLOTTE, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington, N.C. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local owner to expand parking capacity and improve accessibility surrounding State Street Station. College Plaza is a 50,000-square-foot shopping center located across from The Grounds, a 100-acre mixed-use district under construction. The center is home to local tenants such as Jimmy the Greek and Elizabeth’s Pizza. As part of the acquisition, Cuadra also purchased the adjacent parcel situated at 2730 University Parkway, with plans to implement capital improvements at the property. The Bottleworks District is a four-property, 100,000-square-foot mixed-use portfolio that spans three contiguous blocks. The portfolio is home to a mix of food-and-beverage, office and light industrial tenants, including Hi-Wire Brewing, The Ibis, Cugina Forno and the YMCA. Park & King …

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DevelopmentLeasing ActivityMidwestMixed-UseOfficeOhio

ClarkDietrich to Relocate Headquarters to $350M Montgomery Quarter Near Cincinnati

by Kristin Harlow

MONTGOMERY, OHIO — ClarkDietrich, a manufacturer of cold-formed steel framing, will relocate its corporate headquarters to Montgomery Quarter, which is a public-private partnership between the City of Montgomery and developers Brandicorp and Neyer Properties valued at $350 million. ClarkDietrich is expected to take occupancy in fall 2027. The company has outgrown its currently leased space in West Chester, Ohio. ClarkDietrich will occupy the full second and third floors of a new building within Montgomery Quarter. The lease for 32,500 square feet will account for approximately 70 percent of the building. The new 46,500-square-foot building will be constructed above an existing parking garage at the development. ClarkDietrich’s office will feature a large training and meeting center, an outdoor terrace, an open staircase connecting the second and third floors and abundant natural light. ClarkDietrich will bring approximately 80 employees upon relocation. Upon completion, the new building will join Montgomery Quarter’s mixed-use campus, which will now feature 116,000 square feet of Class A office space, 25,000 square feet of retail/restaurants, 387 luxury apartment units between two phases and a 128-room, high-end hotel. The Gateway Partners Montgomery development team, a partnership between Brandicorp and Neyer Properties, has partnered with Jeffery Andereson Real Estate on …

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Haggard Hall - Exterior Rendering
DevelopmentMixed-UseTexasTop Stories

Stillwater Capital Underway on $750M Haggard Farm Mixed-Use Development in Plano, Texas

by Abby Cox

PLANO, TEXAS — Dallas-based Stillwater Capital is making significant progress on Haggard Farm, a 142-acre mixed-use district located in the Dallas suburb of Plano. Construction began on the initial phase of the planned $750 million campus in December 2023. Stillwater Capital has surpassed $300 million in investment of Haggard Farm’s first phase, which will feature a 180,000-square-foot retail village, a 350-unit apartment community called The Bowen, 188 luxury townhomes, hike-and-bike trails and a 3-acre neighborhood park. The Haggard Farm project is transforming a site at the intersection of Spring Creek Parkway and Parkwood Boulevard that has been largely undeveloped for more than 170 years, since the Haggard Family first acquired and farmed the land in 1856, as reported by Plano Economic Development.  “Haggard Farm is one of Dallas-Fort Worth’s most exciting projects — a curated collection of shopping, dining, hospitality and residential components inspired by the unique character of this land and delivered as a single cohesive environment,” says Clay Roby, managing director of Stillwater Capital. Developed in partnership with The Retail Connection and Dallas-based hospitality concept Woodhouse, the retail village at Haggard Farm is slated to open in the fall of 2027. Anchored by two original concepts from Woodhouse — Almanac and …

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DevelopmentFloridaLoansMixed-UseSoutheast

Pebb Capital Obtains $223M Loan for Refinancing of Sundy Village in Delray Beach, Florida

by John Nelson

DELRAY BEACH, FLA. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a seven-acre mixed-use campus under development in downtown Delray Beach, a coastal city in South Florida’s Palm Beach County. J.P. Morgan and Hudson Bay Capital provided construction financing for Phase II, replacing the project’s existing construction loan while providing additional capital for tenant improvements. J.P. Morgan also provided the original construction financing for Phase I of the project, along with Monroe Capital. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing. Phase I of Sundy Village comprises 100,000 square feet of office space, 30,000 square feet of shops and restaurants, indoor-outdoor gathering spaces and 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. Phase II will add a 79,141-square-foot, standalone office building, a 165-space parking garage and 3,400 square feet of ground-floor retail space.

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DevelopmentHospitalityMixed-UseNorth CarolinaSoutheast

Spandrel, 7G Group to Add W Hotel as Anchor for Uptown Charlotte Tower Redevelopment

by John Nelson

CHARLOTTE, N.C. — A partnership between Spandrel Development Partners and 7G Group has announced plans to add a 200-room W Hotel to 400 South Tryon, a redevelopment of a 1970s-era office tower in Uptown Charlotte. The new hotel will be situated on the first nine floors of the tower, along with an 18,000-square-foot rooftop bar on the 34th floor. Other components of the tower include 399 unbranded apartments, residential amenities and an existing 517-space parking garage. The W Charlotte will offer 173 guest rooms, 27 suites (including a penthouse), 12,000 square feet of meeting space, a ground-floor restaurant and coffee bar and a ballroom with pre-function space. The design-build team for the new hotel includes Rockwell Group, LS3P and CetraRuddy. The timeline for the hotel’s opening was not released.

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Evergreen-Development-Project-Mesa-AZ
AcquisitionsArizonaDevelopmentMixed-UseMultifamilyRestaurantRetailWestern

Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use Project

by Amy Works

MESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center. The retail portion of the site is planned to comprise an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses, as well as a 2,360-square-foot freestanding Chipotle with a drive thru. The multifamily portion will include 261 apartments across nine three-story buildings. Evergreen plans to break ground on the project in the first quarter of 2027, with lease-up beginning in the second quarter of 2028. Brookfield sold the site for an undisclosed price.

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