Thursday, June 26, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Mixed-Use

Central-Park-Post-Oak
DevelopmentMixed-UseOfficeRestaurantRetailTexasTop Stories

Midway Plans 17-Acre Central Park Post Oak Mixed-Use Redevelopment Project in Uptown Houston

by Abby Cox

HOUSTON — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square feet of retail space. Redevelopment of the property will comprise more than 150,000 square feet of mixed-use retail and restaurant space, including 60,000 square feet of new construction. Two additional buildings will be developed along Post Oak Boulevard with a “prominent jewel box restaurant” planned at the corner of Ambassador Way. To create a more walkable district, the City of Houston recently completed a $192 million renovation of Post Oak Boulevard that featured widened sidewalks and streets, new lighting and nearly 1,000 oak trees. Midway also plans to reposition several of the site’s heritage live oak trees to create a more pedestrian-friendly environment. “We are reimagining Central Park …

Continue Reading
FacebookTwitterLinkedinEmail
GeorgiaHospitalityLoansMixed-UseSoutheast

Patterson Secures Refinancing for 161-Room Bellyard Hotel in West Midtown Atlanta

by John Nelson

ATLANTA — Patterson Real Estate Advisory Group has secured the refinancing for Bellyard, a 161-room Marriott Tribute Portfolio hotel located in Atlanta’s West Midtown district. Delivered in 2021, the hotel serves as an anchor for The Interlock, a $450 million mixed-use-development by SJC Ventures that was sold to Armada Hoffler in 2023. Patterson arranged the loan through Connecticut-based LoanCore Capital on behalf of the borrower, Bellyard Partners LLC, the hotel’s ownership entity comprising West 14th Hospitality LLC and Atlantic American Partners.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaMixed-Use

Ryan Cos. Breaks Ground on $68M Housing, Retail Components of Highland Bridge Mixed-Use Project in St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of St. Paul, has broken ground on new housing and retail components of Highland Bridge, a 122-acre mixed-use development at the former site of Ford Motor Co.’s Twin Cities assembly plant. The $68 million project is expected to be substantially completed by November 2026. The nearly 3-acre site at the intersection of Cretin Avenue and Ford Parkway in the city’s Highland Park neighborhood will feature five buildings. Plans call for a 97-unit multifamily building with 8,500 square feet of ground-floor retail space, three standalone retail buildings totaling 14,000 square feet and a 13,000-square-foot daycare center. The project also includes a two-level parking ramp and pedestrian access. Amenities of the apartment building will include a clubroom, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secured package room. The initiative is a public-private partnership supported by the City of St. Paul and the HRA, which provided tax-increment financing (TIF) from existing TIF district budget savings. Ryan is serving as developer, builder and designer. Completed developments at Highland Bridge include The Collection, a 230-unit apartment building with a flagship Lunds …

Continue Reading
FacebookTwitterLinkedinEmail
Sprouts-Farmers-Headquarters-Phoenix-AZ
ArizonaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Wespac Breaks Ground on Sprouts Farmers Market Headquarters in Phoenix

by Amy Works

PHOENIX — Wespac Construction has broken ground for the construction of Sprouts Farmers Market headquarters, a mixed-use campus in north Phoenix. Trammell Crow Co. is developing the project, which was designed by RSP Architects. Keyser and JLL are handling brokerage services for the project. Located within CityNorth near 56th Street and Loop 101, the 180,000-square-foot campus will feature a four-story, 144,500-square-foot Class A office building, a 25,000-square-foot flagship Sprouts grocery store, 11,000 square feet of high-end retail and restaurant space and a three-story parking garage. The campus will also offer modern amenities, including an onsite gym, yoga studio, top-floor deck, Press Coffee café, culinary kitchens, tasting rooms and a garden for chef-driven meals and community events. Sprouts will transition from its current 96,000-square-foot space to the new location by August 2026.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMixed-UseRetailTop Stories

Chicago Fire FC Unveils Plans for New $650M Riverfront Soccer Stadium, Opening Set for 2028

by John Nelson

CHICAGO — The Chicago Fire FC, a Major League Soccer (MLS) franchise, has unveiled plans for a new, privately funded soccer stadium in downtown Chicago. The Wall Street Journal reports the project would cost roughly $650 million to execute. The club and its owner and chairman, Joe Mansueto, plan to debut the new stadium in spring 2028, along with a surrounding entertainment district. “Soccer is the world’s game, and a world-class city like ours deserves a world-class club — with a world-class home to match,” says Mansueto, who purchased the club in 2018. “This new home will serve as a catalyst for job creation, economic development and vibrant community life.” The Chicago Fire did not release financial terms of the development, but Mansueto says that no public funds will be used in the development of the venue, which is designed to seat approximately 22,000 fans for matches. The stadium’s seating capacity can also be expanded for concerts or other community events, according to the project’s website, DearChicago.com. The venue will be situated along the Chicago River just south of Roosevelt Road. The stadium will serve as an anchor of The 78 as it is anticipated to be Chicago’s 78th neighborhood. The …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityLoansMixed-UseSoutheastTennessee

Concord Summit Capital Secures $25M Loan for Park Place Equinox Hotel Tower in Downtown Nashville

by John Nelson

NASHVILLE, TENN. — Concord Summit Capital has secured a $25 million bridge loan for Park Place Equinox, a hotel tower located within the 2.1-acre Park Place master-planned community in downtown Nashville. The loan will refinance an existing acquisition facility and provide pre-development funding for the project that will support final design and entitlement work. Kevin O’Grady, David Larson and Keegan Burger of Concord Summit’s Miami office arranged the financing on behalf of the co-developers, The Congress Group and Taurus Investment Holdings. The hospitality tower will be one of the first new developments branded and operated by Equinox Hotels. Plans for Park Place Equinox will include an 18,000-square-foot Equinox Club and spa, rooftop pool and lounge and exclusive resident amenities. At full build-out, the three-tower Park Place development will feature a 239-unit luxury condominium tower, 245-room hotel, 480-unit apartment building, more than 25,000 square feet of ground-floor retail space, a 962-space underground parking garage and 50,000 square feet of elevated park and open green space. Park Place is currently in pre-development phases, with vertical construction anticipated to begin in 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaMixed-UseMultifamilyOfficeWestern

Manova Partners Buys Parallel on Fourth Mixed-Use Property in San Mateo, California

by Amy Works

SAN MATEO, CALIF. — Manova Partners has acquired Parallel on Fourth, a mixed-use property in downtown San Mateo. Terms of the transaction were not disclosed. Located at 405 E. 4th Ave., the property offers 15 residential units above 62,338 square feet of office space and two levels of subterranean parking. Verkada, a provider of cloud-based security and operating systems, fully occupies the office space and master leases 13 of the residential units. The remaining units are offered at below market-rate rents. Eric Ramm of Manova negotiated the transaction on behalf of Manova Partners. Will Connors and Adam Lasoff of JLL Capital Markets represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Downtown-Chesterfield-Missouri
DevelopmentMidwestMissouriMixed-UseTop Stories

Staenberg Group Begins Phase I of 4.5 MSF Mall Redevelopment Project Near St. Louis

by Taylor Williams

CHESTERFIELD, MO. — Locally based developer The Staenberg Group has begun Phase I of a 4.5 million-square-foot mall redevelopment project in Chesterfield, a western suburb of St. Louis. According to local news sources, including The St. Louis Business Journal, the mixed-use project is valued at roughly $2 billion. Known as Downtown Chesterfield, the project is a re-imagining of the former site of the Chesterfield Mall, demolition of which is now complete save for the department store buildings of former anchors Macy’s and Dillard’s. The first phase of new development will involve grading the site and installing infrastructure, creating a 3.3-acre central park and building utilities and streets. At full build-out, Downtown Chesterfield will feature up to 2,363 residential units, including 1,000 to be developed as part of Phase I. Residential buildings will include retail and restaurant space, and the Macy’s building will be repurposed to support retail and office uses. The Dillard’s store will be modernized and upgraded and could re-open in advance of the 2026 holiday shopping season. “This is more than just tearing down a mall — it’s laying the foundation for the future of Chesterfield,” said Michael Staenberg, president of The Staenberg Group. “You’ll drive in off Clarkson …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLife SciencesMixed-UseOfficeSoutheast

Georgia Tech Repositions Biltmore Building in Midtown Atlanta as Strategic Hub in Tech Square

by John Nelson

ATLANTA — The Georgia Institute of Technology (Georgia Tech) has launched The Biltmore at Tech Square, a 286,931-square-foot mixed-use building located within the larger 2.5 million-square-foot Tech Square innovation district of Midtown Atlanta. The Biltmore building originally opened in 1924 as a grand hotel before transitioning to office space in the 1990s. The property housed the first radio station in Atlanta. Georgia Tech purchased the property in 2016. The school has tapped Collaborative Real Estate, helmed by David Tyndall, an original co-developer of Tech Square, to oversee the Biltmore’s redevelopment. The reimagined Biltmore houses more than 100,000 square feet of Georgia Tech’s innovation sector, including the CREATE-X headquarters (Georgia Tech’s flagship student startup accelerator); Quadrant-i (Georgia Tech’s gateway for launching research-driven ventures); Office of Technology Licensing; VentureLab (home of the National Science Foundation Innovation Corps Southeast hub); Startup Scaling Platform; Corporate Engagement Office; and the Venture Investment Hub, as well as additional strategic partners. “Atlanta is becoming the startup capital of the South, and this next chapter for The Biltmore strengthens our momentum,” says Atlanta Mayor Andre Dickens. “We are bringing together the people, places and resources to accelerate Atlanta’s growth as a world-class tech and innovation ecosystem.” Upon completion, …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Four New Tenants to Join $1B Nora District Development in Downtown West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Four new tenants have signed leases to join Nora District, a $1 billion mixed-use project underway in downtown West Palm Beach. The new tenants include fine jewelry retailer LUCE; women’s fashion retailer Pompanos Boutique; group fitness gym studio SWEAT440; and eyewear brand Warby Parker, which will debut at Nora District this fall. The development team behind Nora District includes NDT Development, Place Projects and Wheelock Street Capital. The project’s first phase — which will be delivered this summer — totals more than 100,000 square feet of retail space and 55,000 square feet of creative office space. Additional confirmed tenants at the property include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, Juliana’s Pizza, IGK Hair Salon and Le Labo.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts