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Mixed-Use

16300-Ventura-Blvd-Encino-CA
AcquisitionsCaliforniaMixed-UseMultifamilyOfficeWestern

Kidder Mathews Arranges Sale of 57,000 SF Apartment, Retail Building in Encino, California

by Amy Works

ENCINO, CALIF. — Kidder Mathews has brokered the sale of a mixed-use property at 16300 Ventura Blvd. in Encino. A private family office acquired the asset from an undisclosed seller. Marketed for $34 million, the 57,000-square-foot property sold for an undisclosed price. The property offers 49 residential units and two ground-floor commercial suites anchored by JP Morgan Financial Center and Pinnacle Estate Properties. The residences include a mix of townhomes, two-bedroom and one-bedroom units. Community amenities include a fitness center, hot tub, electric vehicle charging stations and subterranean parking. Darrell Levonian and Tanel Harunzade of Kidder Mathews, along with David Saghian of Lyon Stahl, represented the seller, while Levonian and Harunzade represented the buyer in the deal.

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DevelopmentMixed-UseSouth CarolinaSoutheast

Asana Partners Underway on Pacific Box Mixed-Use Redevelopment Project in Charleston

by John Nelson

CHARLESTON, S.C. — Asana Partners is redeveloping Pacific Box, a 221,600-square-foot mixed-use development on Charleston’s Upper Peninsula. The redevelopment — which will include the conversion of 26,000 square feet of office space into lifestyle retail and restaurants — is already underway. Completion of the project is scheduled for the second quarter of 2026. Existing tenants, including Edmund’s Oast Brewing Co. & Taproom and Rancho Lewis, will remain open throughout the redevelopment process. Spanning 10 acres along King Street, the newly converted space will include a 6,000-square-foot marquee restaurant space, exterior upgrades, new retail façades, improved central courtyard and turf areas, a children’s play area, a venue for year-round programming, the addition of covered patio for dining and retail and increased parking options. Lucy Butler of Thrift CRES handles retail leasing at Pacific Box, and Brian Connolly of JLL handles office leasing.

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AcquisitionsMixed-UseNorth CarolinaRetailSoutheast

CBRE Arranges $110M Sale of 14-Level Parking Facility in Uptown Charlotte

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged the $110 million sale of SEVEN20 at Legacy Union, a 14-level parking facility located at 720 S. Church St. in Uptown Charlotte. Lincoln Harris sold the 1.1 million-square-foot property to Highwoods Properties. Patrick Gildea and Matt Smith of CBRE represented the seller in the transaction. Built in 2019 as part of the 10.2-acre Legacy Union mixed-use development, SEVEN20 at Legacy Union is the largest parking facility in the Carolinas, according to CBRE. The facility features a double-helix structure, two elevator towers, 3,057 parking stalls, 14,360 square feet of ground-level retail space and a pedestrian bridge on the fifth level that connects to Bank of America tower. The property is also equipped to accommodate guest parking for Carolinas Panthers games and other events taking place at the nearby Bank of America Stadium.

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DevelopmentLoansMixed-UseMultifamilyNew YorkNortheastTop Stories

Alloy, Vistria Obtain $535M Construction Financing for 62-Story Mixed-Use Tower in Downtown Brooklyn

by Kristin Harlow

NEW YORK CITY — Alloy Development and The Vistria Group have obtained $535 million in construction financing for One Third Avenue, a 62-story mixed-use tower that marks the second and final phase of the Alloy Block development in downtown Brooklyn. Rising 730 feet, the project will include 583 market-rate and affordable housing units along with retail and office space. Vistria will invest more than $120 million of equity to capitalize the development, and Kayne Anderson Real Estate is providing $375 million of debt. Chris Peck, Nicco Lupo and Peter Rotchford of JLL managed the capital raise. One Third Avenue marks the tallest Passive House building in the world, according to the developers. Passive House is a building standard for dramatically reducing energy use while improving indoor air quality. Elements of the Passive House design include an airtight, well-insulated building envelope, filtered fresh air and a low carbon footprint. The development’s residential and office spaces will share energy resources to minimize waste heat.  One Third Avenue joins the two projects in the first phase of Alloy Block — 505 State Street, a 44-story, 441-unit apartment tower and New York City’s first all-electric skyscraper, and 489 State Street, the first two public schools designed to …

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AcquisitionsAffordable HousingDevelopmentGeorgiaMixed-UseSoutheast

Atlanta BeltLine Acquires Land in Buckhead for Future Northwest Trail

by John Nelson

ATLANTA — The Atlanta BeltLine has purchased six parcels near the intersection of Peachtree Road and Bennett Street in the city’s Buckhead district. The land is adjacent to the site purchased last fall, giving the BeltLine a 3.2-acre assemblage that represents Segment 2 of the future Northwest Trail, which will run for 4.3 miles at full completion. Segment 1 of the trail is currently underway and is set for completion in second-quarter 2026. The buildings on the Bennett Street site are vacant and will be prepared for demolition while future site planning efforts are underway. The BeltLine will engage with community leaders, residents, businesses and other stakeholders on the next steps for the future of the site, with the ultimate goal of aiding in developing affordable housing in mixed-use settings. In recent years, the Beltline has acquired over 80 acres to expand housing and commercial affordability and to master plan land along the trail. The Beltline currently is 76 percent of its way towards meeting the goal of preserving or creating 5,600 affordable housing units by 2030. To date, the Beltline has completed 12.6 miles of the mainline loop, with an additional 10.3 miles of connector trails. The entire 22-mile …

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LoansMixed-UseMultifamilyRestaurantRetailSouth CarolinaSoutheast

Dwight Mortgage Trust Funds $110M Refinancing for LC Line and Low Apartments in Charleston

by John Nelson

CHARLESTON, S.C. — Dwight Mortgage Trust, an affiliate of Dwight Capital, has provided a $110 million bridge loan for the refinancing of LC Line and Low, a new 277-unit apartment development in Charleston. Brandon Baksh, Noah Greenwald and Talisse Thompson of Dwight Mortgage Trust originated the loan on behalf of the sponsor, Lifestyle Communities, which will use the loan to refinance existing construction debt and fund remaining construction expenses. LC Line and Low features a main residential building, train shed with loft-style apartments, historic single-family homes with private courtyards and seven retail suites totaling 15,000 square feet. The retail component houses tenants including The Goat Restaurant & Bar and Morning Ritual Coffee Shop, with another restaurant and a cocktail bar in the planning stages. Amenities include a resort-style pool, clubhouse, fitness center with saunas and cold plunges, coworking lounge and a parking deck.

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DevelopmentFloridaMixed-UseSoutheast

Wyld Oaks Adds AdventHealth, Onx Homes to Development Team in Central Florida

by John Nelson

APOPKA, FLA. — Wyld Oaks, a 255-acre mixed-use development underway in Central Florida, has announced new additions to its “co-creator” team. The project is located at the intersection of State Road 429/Western Beltway and West Kelly Park Road in Apopka. The company has added AdventHealth, a health system that operates 17 hospitals and freestanding emergency rooms, to the mix at Wyld Oaks. Other new additions include homebuilder Onx Homes and a retail market dubbed Wyld Provisions. “Having world-class organizations like AdventHealth, Onx Homes and Wyld Provisions join our community validates our position as Central Florida’s premier destination for forward-thinking partners who recognize the unique opportunity to be part of something transformative,” says Joseph Beninati, founder of Wyld Oaks.

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Brookside-Alpharetta
AcquisitionsDevelopmentGeorgiaMixed-UseOfficeSoutheastTop Stories

Portman Acquires Metro Atlanta Office Park, Plans Mixed-Use Redevelopment

by Taylor Williams

ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …

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The-Slope
DevelopmentHospitalityMixed-UseRetailTop StoriesUtah

Angstrom Development Group to Develop Mixed-Use Resort Project in Heber Valley, Utah

by Hayden Spiess

HEBER VALLEY, UTAH — Angstrom Development Group has announced plans for The Slope, a new mixed-use resort project in Heber Valley, roughly 50 miles southeast from Salt Lake City International Airport.  Situated along the Provo River, the development will feature an 86-room resort and more than 100,000 square feet of retail space. The Slope will also include 200 hotel-branded residences, which will be available for purchase or for short-term rentals.  Residences at the project will be fully furnished, with rentals operated by the hotel brand’s professional management program. In addition to two- and three-bedroom condos located within the hotel, residential units will include four-bedroom, multistory villas. The villas will feature expansive patios and rooftop decks with hot tubs and saunas.  Waterways, bike paths and pedestrian alleys will connect the development, and the resort will offer access to skiing, mountain biking, hiking trails, golfing and boating.  Austin, Texas-based Angstrom Development Group develops high-end residential, mixed-use and resort projects across premier markets.  — Hayden Spiess

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AcquisitionsMixed-UseMultifamilyNorth CarolinaRetailSoutheastWalker & Dunlop

Lone Star Sells Mixed-Use Lofts at Reynolds Village in Asheville, North Carolina

by John Nelson

ASHEVILLE, N.C. — An affiliate of Lone Star Funds has sold The Lofts at Reynolds Village, a mixed-use development located at 61 N. Merrimon Ave. in Asheville. The property includes 201 apartments and 63,000 square feet of ground-level retail space. Baltimore-based Continental Realty Corp. is purchasing the property from Lone Star Real Estate Fund VI LP for an undisclosed price. Walker & Dunlop represented Lone Star, which structured the deal as a sale of REIT stock, in the transaction. Built in 2010, The Lofts at Reynolds Village features one-, two- and three-bedroom apartments, as well as a pool, onsite property manager, business center, lounge, sauna and a spa, according to Apartments.com.

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