Mixed-Use

Collaborate to Develop 43-Acre Mixed-Use Project in Metro Houston

by Taylor Williams March 20, 2019

JERSEY VILLAGE, TEXAS — Houston-based development firm Collaborate has entered into a partnership agreement with the City of Jersey Village, located about 20 miles northwest of downtown Houston, to develop Village Center, a 43-acre mixed-use project. According to Community Impact Newspaper, the project will include residential, retail, restaurant and hotel uses, with water features, green spaces and pedestrian trails interspersed throughout the property. Houston-based Page is leading design of the project, which has a development time frame of 36 to 48 months. Greatland Co., another local firm, will handle leasing and management of the retail and restaurant space.

March 20, 2019

Loans Midwest Minnesota Mixed-Use

Money360 Provides $8.6M Refinancing for Mixed-Use Property in St. Paul

by Kristin Harlow March 20, 2019

ST. PAUL, MINN. — Money360 has provided an $8.6 million bridge loan for the refinancing of a mixed-use property in St. Paul. The building spans 156,671 square feet. The three-year, recourse loan features a loan-to-value ratio of 58.8 percent. The borrower was not disclosed.

March 20, 2019

Acquisitions Mixed-Use New York Northeast

JLL Arranges $19M Acquisition Loan for Mixed-Use Property in Manhattan

by David Cohen March 19, 2019

NEW YORK CITY — JLL has arranged a $19 million acquisition loan for a mixed-use property in the SoHo neighborhood of Manhattan. Located at 489 Broadway, the five-story, 10,710-square-foot building was constructed in 1900. The property consists of eight residential and three retail units. Eliott Zeitoune, Michael Diaz, Aaron Appel, David Sitt and Brendan Collins of JLL secured financing on behalf of the borrower, Sherr Equities, through lender Morgan Stanley. Sherr Equities specializes in acquiring mixed-use assets with the intent to restore and redevelop them.

March 19, 2019

Leasing Activity Midwest Missouri Mixed-Use Retail

Cullinan Properties Unveils Tenant Openings at Streets of St. Charles Near St. Louis

by Kristin Harlow March 19, 2019

ST. CHARLES, MO. — Several new retail tenants are slated to open this spring and summer at The Streets of St. Charles, a mixed-use community near St. Louis owned and managed by Cullinan Properties Ltd. Cherry Blow Dry Bar opened on Wednesday, March 6. Next on the list is Play Street Museum, an interactive play environment set to open on Monday, March 25. Also scheduled to open this spring and summer are Narwhal’s Crafted, a frozen cocktail bar, and YogaSix. Cullinan Properties previously announced the addition of Elekta as the newest office tenant. The Streets of St. Charles is a 27-acre mixed-use development.

March 19, 2019

Development Mixed-Use Texas

Convexity Properties Breaks Ground on Eight-Acre Mixed-Use Project in Dallas

by Taylor Williams March 15, 2019

DALLAS — Chicago-based Convexity Properties has broken ground on The Crossing, an eight-acre mixed-use project that will be located near Southern Methodist University in Dallas. The development will include 500,000 square feet of residential space, which translates to 330 apartments according to The Dallas Business Journal, as well as 90,000 square feet of street-level retail and restaurant space. The site also houses a 225,000-square-foot office building.

March 15, 2019

Acquisitions Mixed-Use New Jersey Northeast

Marcus & Millichap Negotiates $4.2M Sale of Mixed-Use Property in New Jersey

by David Cohen March 15, 2019

NEWARK, N.J. — Marcus & Millichap has negotiated the $4.2 million sale of a mixed-use property in Newark. Located at 569 and 571-577 Broad St., the 22,575-square-foot property consists of ground-floor retail as well as office space and two apartment units on the second floor. Alan Cafiero, Ben Sgambati, David Cafiero and Kevin Taub of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was also a private investor.

March 15, 2019

Development Illinois Midwest Mixed-Use Top Stories

JDL Development to Break Ground on $850M Mixed-Use Tower in Chicago

by Kristin Harlow March 15, 2019

CHICAGO — JDL Development Corp. has received construction financing for One Chicago Square, an $850 million mixed-use tower in Chicago. The 76-story, 1.5 million-square-foot development will be located in the city’s River North submarket. The project’s senior construction lender is Bank OZK. Other sources of financing for this project include an investment from equity partner Wanxiang America Real Estate Group, as well as $260 million in preferred equity and mezzanine financing from Square Mile Capital Management LLC. One Chicago Square will include 735 apartment units and 77 condominium units. The project’s 193,000 square feet of retail space is largely pre-leased to Whole Foods Market and Life Time Athletic. Plans also call for office space, event space and 1,000 parking spaces. The property will occupy a full city block on the site of a former parking lot that JDL purchased from the Archdiocese of Chicago. Construction is expected to take three years, with completion slated for year-end 2022. Project architects include Goettsch Partners and Hartshorne Plunkard Architecture. JDL is a Chicago-based residential developer founded by Jim Letchinger. Wanxiang America Real Estate Group is a unit of a Chinese auto-parts company. New York-based Square Mile Capital is an integrated institutional real estate …

March 15, 2019

Development Midwest Missouri Mixed-Use

Saint Louis University Taps Cullinan Properties to Develop 14-Acre Site

by Kristin Harlow March 14, 2019

ST. LOUIS — Saint Louis University (SLU) has selected Cullinan Properties to develop a 14-acre site at the corner of Grand Boulevard and Chouteau Avenue in midtown St. Louis. The site will house an 850,000-square-foot mixed-use development adjacent to SSM Health Saint Louis University Hospital, which is under construction and slated for completion in spring 2020. The mixed-use development will connect SLU’s north and south campuses and will include retail, entertainment, restaurant, office and hotel space. Cullinan Properties is partnering with BatesForum and Clayco for design-build services. Stock & Associates Consulting Engineers Inc. will handle civil engineering services. Jim Loft, Carrie Hermann and Justin Moses of Colliers International have been selected to lead the office leasing while Patty Kueneke and Kathleen Cullinan Brill of Cullinan Properties will handle all other leasing inquiries. A timeline for construction was not disclosed.

March 14, 2019

California Loans Mixed-Use Office Retail Western

HFF Secures $21M Refinancing for Baywood Mixed-Use Asset in San Mateo

by Amy Works March 14, 2019

SAN MATEO, CALIF. — HFF has arranged a $21 million refinancing for Baywood, an office and retail asset property in downtown San Mateo. The borrower is developURBAN, a private developer. Chris Gandy and Taylor Gimian of HFF secured the 10-year, fixed-rate loan with full-term interest-only payments. Citigroup provided the capital. Loan proceeds will be used to refinance the existing debt that HFF arranged in 2017. The 27,897-square-foot property is fully leased and recently underwent renovations and capital improvements. The property is home to a technology arm of a publicly listed company, with the ground-floor office space leased to a data analytics firm and the retail space leased to a yoga chain.

March 14, 2019

Acquisitions Colorado Mixed-Use Office Retail Western

Karlin Golden Sells Office, Retail Building for $15.9M in Downtown Golden, Colorado

by Amy Works March 14, 2019

GOLDEN, COLO. — Los Angeles-based Karlin Golden has completed the disposition of Clear Creek Square, a mixed-use building located at 600-650 12th St. in downtown Golden. Colorado State Land Board acquired the asset for $15.9 million in an off-market transaction. Built in 2002, the building features 78,647 square feet of office space, with approximately 11 percent of the square footage dedicated to ground-floor retail space, free covered parking, on-site showers and lockers. The multi-tenant building is home to five office users. Tenants include Equian, The Regis Co., Institutional Cash Distributor, Big Ring Cycles, Anthony’s Pizza & Pasta and Barrels & Bottles. At the time of sale, the property was 95 percent occupied. Campbell Davis, James Brody and Blake Harris of CBRE represented the seller in the deal.

March 14, 2019

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