RANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph. The site at 1192 Sussex Turnpike is approved for 25 townhomes, as well as a mixed-use building that will feature 4,055 square feet of retail space on the ground floor and 10 apartments on the second and third floors. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, an entity doing business as Ludiro Inc., in the transaction and procured the buyer, OES Properties.
SUMMERVILLE, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community “Commons”; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring retail spaces ranging in size from 1,400 square feet to 11,900 square feet. In early 2027, Core Commercial plans to break ground on Seamist Commons Boulevard, a two-story promenade. Coldwell Banker Commercial Atlantic (CBC Atlantic) is leading leasing efforts for the retail space at Seamist Commons.
WINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. Jay Strates of The Strates Group was the previous leasing agent for The Exchange and assisted the Foundry team in the sale.
NEW YORK CITY — Locally based brokerage firm TerraCRG has negotiated the $6.1 million sale of a 7,200-square-foot mixed-use building located at 390 Court St. in Brooklyn’s Carroll Gardens neighborhood. Chase Bank occupies the building’s ground-floor retail space, and Cobble Hill Ballet previously occupied the space on the upper floors. Rémi Norris and Matt Cosentino of TerraCRG represented the seller, an undisclosed family office, in the transaction. The buyer was also not disclosed.
Gateway Jax Plans Office Building at Pearl Square in Downtown Jacksonville, Taps JLL to Lead Leasing
JACKSONVILLE, FLA. — Gateway Jax plans to break ground next year on 655 Pearl, a six-story trophy office building that will anchor the Pearl Square mixed-use development underway in downtown Jacksonville. Designed by Morris Adjmi Architects and BDG Architects, the property will offer 100,000 square feet of offices and amenity spaces and 25,000 square feet of ground-floor retail space. Gateway Jax has tapped Michael Loftin, Jesse Shimp and Mack Keasler of JLL to lead the leasing efforts at 655 Pearl, which is the only office component within the first collection of buildings at Pearl Square. There are currently five buildings under construction, including the redevelopment of the 110-room Ambassador Hotel. At full build-out, the 2 million-square-foot mixed-use development will span nine city blocks and include 655 Pearl, the Ambassador Hotel, 1,250 apartments, more than a dozen restaurants and shops and a Publix grocery store. Gateway Jax plans to deliver 655 Pearl in 2028.
KATY, TEXAS — NewQuest, a local commercial real estate development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center of Texas Heritage Marketplace, the retail space that is now under construction is leased to tenants including Academy Sports + Outdoors (51,068 square feet), Burlington (22,147 square feet), Spec’s Fine Wines & Spirits (16,806 square feet) and Ulta Beauty (10,000 square feet). NewQuest plans to deliver the junior retail anchors in first-quarter 2027. The groundbreaking also includes Heritage Grove, a green space component that will span five acres at the center of the development. The park-like common space will be surrounded by the junior retailers and an additional 35,000 square feet of retail space planned for restaurants and service retailers, as well as a 40,000-square-foot EoS Fitness location. NewQuest plans …
NEWTOWN SQUARE, PA. — Marcus & Millichap has brokered the sale of an 18,000-square-foot mixed-use building in Newtown Square, a western suburb of Philadelphia. Known as the Fieldstone Building, the structure at 4930 West Chester Pike houses 11 residential units and four commercial suites. Vince Peruto of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
PLANO, TEXAS — Rosewood Property Co. has received zoning approval from the Plano City Council for Heritage Creekside, a 156-acre mixed-use development that will be located near the intersection of U.S. Highway 75 and President George Bush Turnpike. According to the site plan, Rosewood intends to develop about 340 single-family homes, 2,000 apartments, 292,000 square feet of office space and 109,000 square feet of retail, restaurant and entertainment space on the site. According to Rosewood, these elements constitute a shift from previous plans that featured heavier office and hospitality components. A tentative construction timeline was not announced, but “further development of the master-planned community is expected by the end of the year,” Rosewood said in a statement.
DETROIT — Bedrock has launched pre-sales for The Residences at The Detroit EDITION, a collection of 96 high-rise condominiums located atop The Detroit EDITION hotel within the Hudson’s Detroit tower at 1208 Woodward Ave. Slated to open in 2027, the project marks the EDITION brand’s first residential offering in the Midwest. SHoP Architects designed the project, with interiors by Yabu Pushelberg. Floor plans range from one to four bedrooms, spanning 720 to over 4,500 square feet. Pricing for condos start from the $600,000s. Amenities will total 14,000 square feet and include a fitness and aquatic suite, pool, hot tub, sauna, steam rooms, a clubroom, children’s playroom, coworking space, dining and catering kitchen, indoor parking garage with valet, multi-sports simulator and sound studio. Residents will also have full access to the hotel’s amenities, including several culinary and beverage options, a pool, fitness center, in-residence dining, spa services and more than 16,000 square feet of event space. Hudson’s Detroit is a 1.5 million-square-foot mixed-use development on the site of the former J.L. Hudson Department store. Hudson’s also features Class A office space anchored by General Motors’ global headquarters; Pine Hall, a new cocktail bar from Danny Meyer’s Union Square Hospitality Group; The …
NASHVILLE, TENN. — Cousins Properties has signed tech giant Oracle to a 116,000-square-foot office lease in Nashville’s Germantown neighborhood. Oracle will move into its space in the second half of the year within the Neuhoff mixed-use development, which Atlanta-based Cousins owns in a 50/50 joint venture with an unnamed institutional investor. Oracle’s offices will overlook the construction of its new global headquarters campus that is being developed on the other side of the Cumberland River. At completion, Neuhoff will connect to the Oracle campus via a pedestrian bridge. Neuhoff comprises 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments. According to Cousins, the office portion of Neuhoff is currently 84 percent leased, the retail component is 46 percent leased and the apartments are 92 percent leased. Atlanta-based New City Properties is developing Neuhoff on behalf of the ownership group.
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