LINCOLN, NEB. — DLR Group has been selected to design a $32 million mixed-use development project in Lincoln. The Exchange at Antelope Valley, which will be developed by Hoppe Brothers, will include housing, retail and a 32,000-square-foot grocery store. The historic Windstream warehouse on the site will be renovated into apartments.
NEW YORK CITY — Brookfield Office Properties Inc. has secured leases with eight restaurants to operate casual concepts in the new waterfront-dining terrace the company is building at Brookfield Place in Lower Manhattan. The 600-seat terrace is part of Brookfield's $250 million redevelopment of the Brookfield Place complex, formerly known as the World Financial Center. The dining area is currently under construction and is scheduled to open in January 2014. Brookfield has partnered with AvroKO and BCV Architects to design the terrace, which will be located above a European-style marketplace.
BROOKFIELD, WIS. — As part of an agreement with Marcus Corp., the Mandel Group will oversee the residential design, development and apartment leasing for The Corners of Brookfield, a $125 million mixed-use project. Approximately 150 luxury apartments will be built above the retail shops in the open-air, town-center-style development site in Brookfield. Upon completion, Mandel Property Services Inc., an affiliate of Mandel Group, will manage the leasing and operation of the upscale apartment community. The Corners of Brookfield is a 460,000-square-foot development in suburban Milwaukee that will be built on a 19-acre site at the intersection of I-94, Barker Road and Bluemound Road. Developers have targeted spring 2013 to start construction with a fall 2014 projected opening.
NEW YORK CITY — Massey Knakal Realty Services has arranged the sale of a mixed-use building for $11.3 million. The six-story, 58,400-square-foot building, located on 103 Thayer St., includes 68 residential units and six retail units. Fort Tryon Park, home of the Cloisters Museum, is located across the street and provides tenants with outdoor amenities such as playgrounds, tennis courts, ball fields, hiking trails and a waterfront promenade. Robert Shapiro of Massey Knakal handed the transaction.
WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors LLC and Q10 Realty Advisors LLC have arranged financing for 170 Hamilton Ave. in White Plains for $6 million. The mixed-use property includes 60,000 square feet of office and retail space with 16 tenants and is managed and leased by GHP Office Realty. The five-year loan was placed with a local bank at an interest rate of 4.25 percent with a 30-year amortization schedule. Bryan and James Houlihan of Houlihan-Parnes Realtors arranged the loan. Michael Karger of Madison Abstract arranged the title. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrower.
MORRISTOWN, N.J. — A three-story, mixed-use building has sold for $1.2 million in Morristown. The 5,000-square-foot property, which is located at 28 W. Park Place, includes two commercial units with office space on the top floor. A restaurant is leasing the ground-floor unit. The upper floors were vacant at the time of sale. New York City-based Massey Knakal arranged the sale.
DEERFIELD, ILL. — The John Buck Co. has hired CBRE Inc. to handle leasing for Parkway North Center in Deerfield, a northern suburb of Deerfield. The 1 million-square includes a Marriot Suites hotel, three office buildings, a daycare center and athletic club. Two of the buildings have vacancy rates of more than 50 percent. Parkway North Center is located at 3 Parkway N.
NEW YORK CITY — Thor Equities has acquired 57-63 Greene Street, a 13,854-square-foot retail condominium for $17.2 million in New York City. The six-story building is located between Broome and Spring streets, neighboring top-tier fashion brands including Chanel, Ralph Lauren and Prada. Including this acquisition, Thor Equities has nearly 300,000 square feet in the SoHo district, New York City’s fashion retail epicenter.
NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.
ATLANTA — The Development Authority of Clayton County and the Clayton County office of Economic Development will move forward with plans to develop the $100 million University Station Town Center, a live-work-play community four miles south of Hartsfield-Jackson Atlanta International airport. The 165,000-square-foot development will be located near the National and State Archives facilities. The project will include 100,000 square feet of retail, a hotel with up to 100 beds, a maximum of 50,000 square feet of office space, and up to 20,000 square feet of senior living space. The project is already home to a soundstage where several recent projects have been filmed, including the upcoming Scary Movie 5.
