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Mixed-Use

Terra-Nova_Terrell-Texas
DevelopmentMixed-UseTexasTop Stories

Main Square Development Receives Approval for $3B Master-Planned Community in Dallas-Fort Worth Metroplex

by Hayden Spiess

TERRELL, TEXAS — Main Square Development has announced that the company has received approval from the Terrell City Council for the development of Terra Nova, a new $3 billion master-planned community.  Situated roughly 30 miles east of Dallas, the development will feature 1,200 multifamily units and a 48-acre mixed-use district, as well as 3,600 single-family homes. The mixed-use component of the development will include 200,000 square feet of shops, restaurants and offices anchored by a main square.  Terra Nova will also feature 145 acres of parks and trails, including 27 neighborhood parks connected by 30 miles of biking and hiking trails, with an additional 220 acres of open natural space. The first phase will include a neighborhood pool and amenity center, and a regional amenity center will be added in a future phase.  Project plans include 15 phases over the next 20 years.  Plano, Texas-based Main Square is working with the Terrell Independent School District to identify locations for future elementary and middle schools that will ensure Terra Nova’s future residents have access to public education. The developer is also dedicating six acres for new police station and fire department facilities, in addition to one acre reserved for a new …

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DevelopmentHospitalityMixed-UseRestaurantRetailSoutheastTennesseeTop Stories

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by John Nelson

NASHVILLE, TENN. — Simon Property Group (NYSE: SPG) plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in metro Nashville and beyond,” says Eric Sadi, co-president of Simon’s North American real estate division. Simon is collaborating on Sagefield with Adventurous Journeys Capital Partners (AJ Capital), a Nashville-based firm that specializes in mixed-use and adaptive reuse development. Simon and AJ Capital are currently collaborating on Nashville Premium Outlets, a 325,000-square-foot outlet mall that will break ground next year in Thompson’s Station, Tenn.  Plans for Sagefield also call for first-to-market boutique retailers, household-name operators, farm-to-table restaurants and cafés, an organic market, entertainment venues and health and wellness concepts. The development’s planned hotel will offer signature restaurants, a high-end spa, sports and a social members club. Simon says that …

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Company NewsDevelopmentMarylandMixed-UseSoutheast

MAG Partners Exits $5.5B Baltimore Peninsula Development Team

by John Nelson

BALTIMORE — MAG Partners has announced its exit from the master development team of Baltimore Peninsula, a $5.5 billion mixed-use development underway in south Baltimore. The multi-phase, 235-acre development, formerly branded as Port Covington, is led by Sagamore Ventures, a developer founded by Under Armour’s CEO Kevin Plank, as well as Goldman Sachs Urban Investment Group and the City of Baltimore. MacFarlane Partners has also been a member of the development team since joining alongside MAG Partners in 2022, but the San Francisco-based firm has also left the project, according to the Baltimore Business Journal. The news outlet also reported that MAG Partners will stay involved in several office leases in the works alongside leasing agent Courtenay Jenkins of Cushman & Wakefield. In its departure statement, MAG Partners says the firm was involved in opening 1.1 million square feet of commercial space at Baltimore Peninsula and stabilizing 450 apartments since joining the development team in May 2022. The Baltimore Business Journal reports that Sagamore Ventures is seeking out development partners for the remaining phases of Baltimore Peninsula.

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DevelopmentMixed-UseSouth CarolinaSoutheast

HIC Land Breaks Ground on $300M Master-Planned Development in Hardeeville, South Carolina

by John Nelson

HARDEEVILLE, S.C. — HIC Land has begun construction on Carolina Station, a $300 million master-planned development in Hardeeville, about 17 miles north of Savannah, Ga. Situated along U.S. Highway 278, the project will span 2,600 acres in the state’s Lowcountry region. HIC Land, which originally acquired the historic Morgan tract for $36 million, has partnered with homebuilder D.R. Horton for the development of an undisclosed number of single-family homes within the campus. Carolina Station will also feature more than 650 multifamily units and 95 acres of commercial space, including shops, restaurants and service retailers. D.R. Horton has committed to invest $8 million to improve the intersection at U.S. Highway 278 and John Smith Road as part of the Carolina Station master plan. The construction timeline of the multi-phase development was not released.

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Northbend Master-Plan Rendering
AcquisitionsDevelopmentGeorgiaMixed-UseSoutheastTop Stories

Third & Urban, HighBrook Investors Acquire Corporate Square in Atlanta, Plan $605M Mixed-Use Redevelopment

by Abby Cox

ATLANTA — A partnership between locally based real estate company Third & Urban and HighBrook Investors has acquired Corporate Square, a 30-acre office park in the Brookhaven area of Atlanta, with plans to redevelop the property into a $605 million mixed-use district. Patterson Real Estate Advisory Group arranged the financing for the acquisition. The project, dubbed Northbend, is moving forward after the partnership received approval to rezone the site as a master-planned development. Third & Urban is currently in the process of securing partnerships for the initial phases of vertical construction. Construction of Northbend, which is situated between Buford Highway and I-85 near the newly opened Children’s Healthcare of Atlanta Arthur M. Blank Hospital, is scheduled to commence in summer 2026. Eight obsolete office buildings will be demolished to allow for new infrastructure and improved road networks. According to the development team, Northbend is expected to generate $8.2 million in annual tax revenue for the city upon completion, while creating more than 400 construction jobs and over 300 permanent jobs. “Northbend will transform an outdated, underutilized office park into a vibrant gathering place for the Brookhaven community and beyond,” says Hank Farmer, partner at Third & Urban. “This redevelopment is a catalyst for …

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DevelopmentMixed-UseTexas

St. John Properties Breaks Ground on 110,000 SF Mixed-Use Project in Metro Austin

by Taylor Williams

LEANDER, TEXAS — Baltimore-based developer St. John Properties has broken ground on Phase I of Leander Tech Park, a 110,000-square-foot mixed-use project on the northern outskirts of Austin. The project is being developed on a speculative basis on a 50-acre site and will consist of two industrial/research-and-development (R&D) buildings that will total roughly 90,000 square feet and two inline retail buildings that will total about 20,000 square feet. Completion of the industrial/R&D building is slated for next summer. Delivery of retail space is scheduled for next fall.

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HQ-Plaza-Morristown-New-Jersey
DevelopmentMixed-UseNew JerseyNortheast

Fisher Development, Olnick Complete Renovation of 1 MSF Mixed-Use Building in Morristown, New Jersey

by Taylor Williams

MORRISTOWN, N.J. — Fisher Development Associates and the Olnick Organization have completed the renovation of HQ Plaza, a 1 million-square-foot mixed-use building located in the Northern New Jersey community of Morristown.The complex comprises 650,000 square feet of office space, 100,000 square feet of retail, restaurant and entertainment space, a 256-room Hyatt-branded hotel, a 40,000-square-foot gym and a 10-screen AMC movie theater, all situated atop a 3,000-space parking garage. The renovation included a revitalized main concourse linking the office towers and the Hyatt hotel that features lounge areas, dining spaces and adaptable workspaces. The project team, which included international design firm Gensler, also upgraded the tenant amenity lounge and redesigned the 50,000-square-foot outdoor plaza.

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Field-Building-Conversion_Chicago
DevelopmentIllinoisMixed-UseMultifamilyTop Stories

Chicago City Council Approves $241.5M Office-to-Residential Adaptive Reuse Project at Field Building

by Hayden Spiess

CHICAGO — The Chicago City Council has approved plans for an adaptive reuse project at 135 S. LaSalle St. in the city’s central business district (CBD). A joint venture between Riverside Investment & Development, AmTrustRE and DL3 Realty is developing the project, which has a total budget of $241.5 million. Financing for the development includes $98 million in city subsidies and historic tax credits.  Scheduled to begin construction in spring 2026, the project will convert 624,000 square feet of vacant office space within the 1.4 million-square-foot Field Building to modern residential units and commercial space. Upon completion, the development will feature 430,050 square feet of residential space across 386 units, as well as 92,000 square feet of commercial space. Residences will include a mix of studio, one- and two-bedroom apartments.  Commercial space at the property will house food-and-beverage offerings, a small-format grocer, health and fitness club and other amenities. “The Field Building redevelopment will bring much-needed housing and amenities to workers, visitors and a growing residential base in the city. By modernizing this landmark, the project will help reposition the Loop to attract leading corporations and top talent while bolstering Chicago’s reputation as a thriving economic and cultural destination,” says John O’Donnell, …

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Lakeside-Village-Flower-Mound
DevelopmentMixed-UseTexas

Realty Capital Receives Approval for Expansion of Mixed-Use Project in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Realty Capital Management has received approval from the Town of Flower Mound, located in the northern-central part of the metroplex, for the expansion of its Lakeside Village mixed-use project. The 21-acre site at the northeast corner of International and Lakeside parkways is the fourth and only remaining undeveloped corner at the intersection where Lakeside Village is located. Plans for the parcel currently call for 43,000 square feet of retail and restaurant space, up to 132 townhomes, a hotel, multiple open entertainment and gathering spaces and a public nature trail. Construction is scheduled to begin late next summer and to last about a year.

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DevelopmentGeorgiaMixed-UseSoutheast

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Roswell, Georgia

by John Nelson

ROSWELL, GA. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury rental apartments; 16 for-sale brownstones; abundant surface and structured parking; and pedestrian access to downtown Roswell and surrounding trails. Atlantic Cos. is developing Hillrose Market in a public-private partnership with the City of Roswell. ASD | SKY is leading design efforts, and The Providence Group is developing the brownstones. Westbridge is serving as commercial consultant, advising on the adaptive reuse and retail components. New South Construction Co. is the general contractor, and Kimley-Horn is the project engineer. Crosby Design Group is leading interior design services. Construction is slated to begin next year, with completion of the first phases anticipated in 2027.

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