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Mixed-Use

Admirals-Row-Brooklyn
LoansMixed-UseNew YorkNortheastWalker & Dunlop

Deutsche Bank Provides $148.5M Loan for Refinancing of Brooklyn Mixed-Use Property

by Taylor Williams

NEW YORK CITY — Deutsche Bank has provided a $148.5 million bridge loan for the refinancing of Admirals Row, a 696,000-square-foot mixed-use property located within the Brooklyn Navy Yard. The eight-acre development houses a Wegmans supermarket, more than 350,000 square feet of light industrial and manufacturing space that is master-leased to the Brooklyn Navy Yard Development Corp, additional retail space, a community facility and surface and structured parking totaling over 700 spaces. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Michael Diaz and William Herring of Walker & Dunlop arranged the debt on behalf of the borrower, Steiner NYC.

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DevelopmentMichiganMidwestMixed-UseOfficeTop Stories

Bedrock, GM Unveil Redevelopment Proposal for Renaissance Center in Downtown Detroit

by Kristin Harlow

DETROIT — Developer Bedrock and General Motors Co. (NYSE: GM) have unveiled a conceptual plan to redevelop the Renaissance Center (RenCen) and 27 acres along the Detroit riverfront. According to the companies, the plan preserves the essence of Detroit’s skyline, right-sizes the RenCen’s footprint and connects the site to the heart of downtown. A surrounding entertainment district would feature restaurants, hospitality, residential and market space and complement Detroit’s Riverwalk, which draws more than 3.5 million annual visitors to the city. The project has an estimated price tag of $1.6 billion, according to Crain’s Detroit Business. First opened in 1976, RenCen is widely considered Michigan’s most iconic and recognizable property and serves as the headquarters of GM. The automaker purchased the asset in 1996 and has invested more than $1 billion in improvements to date. Earlier this year, GM unveiled its plans to leave RenCen for Hudson’s Detroit, the redevelopment of the former J.L. Hudson’s department store currently underway by Bedrock. GM plans to take occupancy in 2025. GM and Bedrock established a partnership earlier this year to study redevelopment opportunities for the RenCen site along with the City of Detroit and Wayne County. A team of urban planners, architects and …

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Lakeshore-Mall-Redevelopment_Gainesville-Ga
DevelopmentGeorgiaMixed-UseRetailSoutheastTop Stories

Branch Properties Plans Mixed-Use Redevelopment of 492,798 SF Lakeshore Mall in Gainesville, Georgia

by Hayden Spiess

GAINESVILLE, GA. — Branch Properties has announced plans for the redevelopment of Lakeshore Mall, a 492,798-square-foot retail property located in Gainesville, roughly 55 miles northeast of Atlanta.  Plans for the mixed-use redevelopment include 305,444 square feet of retail space, as well as 652 multifamily units and 38,200 square feet of outdoor community greenspace. The property will also have the capacity for the future development of a hotel and townhomes.   Current Lakeshore Mall anchors Dick’s Sporting Goods and Belk will remain open throughout the project, with the former relocating to a new space within the development.  The Atlanta-based developer, which acquired the property in 2022, will soon initiate the development of regional impact (DRI) process with the Georgia Department of Community Affairs (DCA), with the groundbreaking scheduled for late 2026. Len Erickson of Franklin Street will handle retail leasing at the development in partnership with Branch Properties.  Originally opened in 1970, Lakeshore Mall is located off Dawsonville Highway near Lake Lanier. According to the U.S. Census Bureau, Gainesville has seen a population increase of roughly 15 percent since 2020.  “This reimagined mixed-use destination redefines Lakeshore as a dynamic, pedestrian-friendly community hub tailored to meet the needs of Gainesville, one of Georgia’s …

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DevelopmentFloridaMixed-UseMultifamilyOfficeRetailSoutheast

Related Group, Rockpoint Deliver Mixed-Use Highley House in Miami’s Wynwood District

by John Nelson

MIAMI — A partnership between development firm Related Group and Boston-based private equity firm Rockpoint has delivered The Highley House, a mixed-use project in Miami. Situated at 2150 N. Miami Ave. in the city’s Wynwood district, the development features two towers comprising 304 rental apartments, approximately 72,000 square feet of Class A offices and 18,000 square feet of retail space. The co-developers named the project after Locke Highleyman, a developer behind local projects like Hibiscus and Palm Islands and the judge responsible for christening the area as “Wyndwood” in 1917, which was later streamlined to “Wynwood.” Amenities at The Highley House include a rooftop with a swimming pool, summer kitchen, bar and sky lounge. Other amenities include a private dining and wine room, private cinema and lounge, podcast suites, game room, art murals throughout, electric vehicle charging stations, coworking spaces, package services, storage and a wellness center with a gym, yoga room, spa, steam room, cold plunge and treatment suites. The Highley House’s apartments feature studio to three-bedroom layouts with monthly rental rates ranging from $2,389 to $5,657, according to Apartments.com.

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DevelopmentFloridaIndustrialLoansMixed-UseSoutheast

Columnar Begins Construction on 965-Acre Double Branch Mixed-Use Development in Metro Tampa

by John Nelson

SAN ANTONIO, FLA. — Columnar has begun construction on the first phase of Double Branch, a mixed-use development spanning 965 acres in San Antonio, a suburb of Tampa in Pasco County. Phase I comprises 75 Logistics at Double Branch, an industrial park entitled up to 4.5 million square feet of space that will be developed over multiple phases. Nathan Lynch and Mike Sogluizzo of Colliers arranged an undisclosed amount of construction financing through a life insurance company to finance the first phase of 75 Logistics at Double Branch. Concrete has been poured for the first phase, which is located at the intersection of I-75 and State Road 52. Phase I will comprise three rear-load facilities spanning more than 480,000 square feet combined. Additional plans for the industrial park call for a 1.6 million-square-foot build-to-suit distribution building and a 400,000-square-foot cross-dock facility. Future phases for Double Branch will include 1 million square feet of office space; 3,500 multifamily, townhomes and lifestyle residential units; 500,000 square feet of retail, restaurant and entertainment space; two hotels; 250 acres of healthcare, wellness and life sciences development; and more than 200 acres of parks and trails.

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AlabamaDevelopmentMixed-UseMultifamilyOfficeRestaurantRetailSoutheast

Emergent Properties, RNGD Break Ground on $50M Adaptive Reuse Project in Downtown Huntsville

by John Nelson

HUNTSVILLE, ALA. — Emergent Properties and RNGD have broken ground on The Lewter District, a $50 million adaptive reuse project in downtown Huntsville. Situated on 1.5 acres, the mixed-use development is a conversion and restoration of the historic Lewter Hardware Co. store that closed in 2022 after nearly a century of operation. Phase I of the development will feature 14 luxury residences along Washington Street called Lewter District Townhomes. Sanders Pace Architecture designed the residential community, which is expected to be completed by late 2025. Phase II comprises a renovation of the original hardware store building. The restored building will house farm-to-table restaurant Brick & Tin on the ground level and outdoor patio spaces as well as offices for RNGD on the second floor. Phase III calls for a ground-up, five-story office building. National law firm Maybard Nexsen has committed to occupying the top two floors of the office building, which will also feature ground-level retail space. EskewDumezRipple is the architect for the second and third phases of The Lewter District. Phases I and II are underway and Phase III is slated to break ground before the end of the year.

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AcquisitionsMixed-UseTexas

Marcus & Millichap Brokers Sale of 13,265 SF Mixed-Use Building in Uptown Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of a 13,265-square-foot mixed-use building in Uptown Dallas. The three-story building at 3203 McKinney Ave. consists of 5,829 square feet of office/retail space and 7,436 square feet of residential space. Joe Santelli of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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Village-at-Gateway-Forney
DevelopmentMixed-UseTexas

StreetLevel Investments Breaks Ground on 120-Acre Mixed-Use Project in Forney, Texas

by Taylor Williams

FORNEY, TEXAS — Texas-based developer StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney, an eastern suburb of Dallas. The site is located at North Gateway Boulevard and U.S. Highway 80 within the 2,000-acre Gateway master-planned development. Phase I of the project will feature 500,000 square feet of retail space that will be anchored by Target (144,000 square feet), Home Depot (135,000 square feet) and grocer H-E-B (131,000 square feet). Dallas-based GFF is the project architect, and Ridgemont Commercial Construction is serving as the general contractor. Phase I is slated for a summer 2026 completion. Village at Gateway will also feature a multifamily component, although details on that element of the project are not yet available.

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DevelopmentMidwestMixed-UseNebraska

Prominence Global Unveils Plans to Develop 260-Acre Catalina Mixed-Use Project in Valley, Nebraska

by Kristin Harlow

VALLEY, NEB. — Prominence Global LLC has unveiled plans to develop Catalina, a 260-acre mixed-use project in Valley, about 25 miles west of Omaha. Colliers is the leasing agent. Situated near Highway 275 and Meigs Street, Catalina will feature a commercial district with retail and flex opportunities along with a residential component for single-family and multifamily units. Catalina will also feature the First Interstate SportsPlex. In partnership with the Elkhorn Athletic Association, this 96-acre portion of the development will be dedicated to soccer, baseball and softball fields. Grading at the site is currently underway, with infrastructure work projected to start in 2025. Some of the first homes and commercial tenants are expected to open in late 2026.

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AcquisitionsIllinoisIndustrialMidwestMixed-UseOffice

DarwinPW Realty/CORFAC International Brokers Sale of 9,600 SF Flex Building Slated for Mixed-Use Development in Chicago

by Kristin Harlow

CHICAGO — DarwinPW Realty/CORFAC International has brokered the sale of a 9,600-square-foot flex building located at 2224 W. Grand Ave. in Chicago for an undisclosed price. The property is home to Rainbow Art Inc. and is currently zoned C2-2, which allows for a mixed-use development. The building is situated in the West Town neighborhood and features clear heights ranging from 12 to 16 feet, one drive-in door and two-story office space. Marc Hale and Ali Nix of DarwinPW Realty/CORFAC International brokered the sale. A residential developer purchased the asset.

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