CHESTER, PA. — The Buccini/Pollin Group is set to construct a $500 million mixed-use development along the Chester waterfront. The project will include 180 townhomes, 225 apartment units, 435,000 square feet of office space, a 200,000-square-foot convention center, 1,350-space parking structure and 42,000 square feet of retail space, which includes an 8,000-square-foot restaurant. The project will also include a 20,000-seat stadium and entertainment complex. Construction is slated to begin this fall and will be completed in phases over the next 5 years.
AUSTIN, TEXAS — Live Oak Capital Ltd. has arranged financing for the development of The Austonian, a mixed-use project located at the corner of Second Street and Congress Avenue in Austin. The 56-story, 188-unit residential property, which is being developed by Second Congress Ltd., also will feature 16,500 square feet of retail space. The project, which is being designed by Ziegler Cooper Architects, is scheduled for completion in 2010. Live Oak Capital arranged the 5-year, undisclosed loan for the development with Aareal Bank AG.
ROSEVILLE, CALIF. — Glimcher Ventures Southwest LLC (GVSW) is developing Highland Village, a 15-acre mixed-use development located in Roseville. Situated on the corner of Roseville Parkway and Gibson Drive, the $100 million, 225,000-square-foot development will offer retail and restaurant space and two Hyatt-affiliated hotels, a Hyatt Summerfield Suites and a 151-room Hyatt Place. Additional tenants include Champs Americana, El Paso Grill & Bar-B-Que and Three Tomatoes & a Mozzarella Pronto. Construction of the project is scheduled to begin in April, with completion slated for May 2009.
LOS ANGELES — J.H. Snyder Co. has broken ground for the construction of the final phase of NoHo Commons, a mixed-use development located in the North Hollywood area of Los Angeles. Located at the corner of Lankershim and Weddington, the final phase consists of a 30,000-square-foot, seven-screen movie theater being developed by Laemmle Theatre; a 182,000-square-foot office building with 10,000 square feet of retail and restaurant space; and a 700-space parking garage. As part of North Hollywood’s revitalization program, the project also features the restored historic San Fernando Valley diner. The final phase is a joint venture between J.H. Snyder Co. and the Community Redevelopment Agency of the City of Los Angeles to redevelop and construct a transit oriented development near the North Hollywood station. The three-phase, $375 million NoHo Commons project currently consists of 730 residential units and 60,000 square feet of retail/commercial space.
HILLSBOROUGH COUNTY, FLA. — Crosland will open MiraBay Village, a 31-acre mixed-use center in southern Hillsborough County’s Apollo Beach, this fall. The coastal-themed development is anchored by a 50,000-square-foot Sweetbay supermarket and includes 146,000 square feet of specialty shops, restaurants and office space, in addition to 100 townhomes. Florida-based api(+) was the project architect. MiraBay Village is located on the perimeter of MiraBay, a 750-acre waterfront community, near Tampa, Fla.
HILLSBOROUGH COUNTY, FLA. — Crosland will open MiraBay Village, a 31-acre mixed-use center in southern Hillsborough County’s Apollo Beach, this fall. The coastal-themed development is anchored by a 50,000-square-foot Sweetbay supermarket and includes 146,000 square feet of specialty shops, restaurants and office space, in addition to 100 townhomes. Florida-based api(+) was the project architect. MiraBay Village is located on the perimeter of MiraBay, a 750-acre waterfront community, near Tampa, Fla.
MORRISTOWN, N.J. — Rosewood, a joint venture between Roseland Property Co. and Woodmont Properties, has broken ground on The Highlands at Morristown Station in Morristown. The project will be situated on 3.5-acre former commuter parking lot at the Morristown Train Station. The mixed-use development will feature a five-story building with 217 apartment units, 8,000 square feet of ground floor retail space, 6,000 square feet of amenity space and a five-story, 722-space parking garage. The $72 million project is slated for completion in 2010. The garage is slated for completion in 2009. Roseland will manage and lease the facility once it is complete.
CHANDLER, ARIZ.-Desert Viking Cos. is currently developing San Marcos Commons, a $100 million mixed-use development located in Chandler’s historic district. The company recently completed the project’s first phase, The Villas at San Marcos, which features 79 two- and three-story townhomes. The residential portion offers for-sale units featuring granite countertops, ceramic tile floors, 10-foot ceilings, patios and balconies, and two-car private garages, as well as an amenity set, including multiple courtyard areas, a swimming pool/spa and barbecue areas. Current commercial tenants of the completed residential component include Sushi Eye in Motion, LaStalla Cucina Rustica, San Tan Brewing Company and El Zocalo’s Mexican Grille, as well as other independent restaurants and salons. Additional phases of the 15-acre San Marcos Commons project will add more than 150,000 square feet of retail, restaurants and office space.
COLUMBUS, OHIO — CASTO will soon commence development of the first phase of Albany Park, a master-planned, mixed-use development located at the intersection of State Route 161 and Hamilton Road in Columbus. Phase I will consist of two retail anchors occupying more than 100,000 square feet apiece, as well as office and retail components located adjacent to the retail space. At full development, Albany Park will total approximately 300,000 square feet of retail, and more than 27 acres of outparcels for restaurants and service tenants. Infrastructure work is set to begin soon, with completion scheduled for summer 2009.
BOWIE, MD. Chevy Chase, Md.-based JBG Rosenfeld Retail (JBGR) is redeveloping Bowie Marketplace, a 240,000-square-foot center located at the intersection of Annapolis Road and Superior Lane, into a mixed-use center. Main Street Marketplace, the new 185,000-square-foot, LEED-certified development, will be completed in two phases. Phase 1 will include the retail portion, and Phase 2 will focus primarily on the residential component. The retail phase will start construction in 2009, and is projected to be delivered in 2010. JBGR is negotiating with current tenants, Safeway and Rite Aid, to anchor the renovated center with new, prototype stores.