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Mixed-Use

DevelopmentFloridaLoansMixed-UseMultifamilySoutheast

SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami

by John Nelson

MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood. The transit-oriented project is a redevelopment of West Miami-Dade County’s former Dolphin Park-and-Ride/Transit Terminal Facility. The borrower and developer, Terra Group, will use proceeds of the loan to pay off the existing construction loan, which was also provided by SCALE Lending. The floating-rate loan features two six-month extension options. Terra expects to complete construction of the first phase, which comprises 578 apartments across five residential buildings, next month. The company has tapped Charleston-based Greystar as the property manager. Floorplans come in studio through three-bedroom configurations, with monthly rental rates ranging from $2,726 to $4,811, according to Apartments.com. Amenities will include pickleball courts, a dog park, bike storage, EV charging stations, swimming pools, lake access and a clubhouse featuring a theater, social lounges, a business center, fitness centers and a children’s playroom. The design-build team includes PPK Architects, master architect Arquitectonica and urban planner Plusurbia Design. At full completion, Upland Park will feature more than 2,000 apartments, a 126-room hotel, roughly 282,000 square …

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Sprouts-HQ-Phoenix-AZ
ArizonaDevelopmentMixed-UseOfficeRetailWestern

Trammell Crow Co. Completes Sprouts Farmers Market Headquarters in Phoenix

by Amy Works

PHOENIX — Trammell Crow Co. has completed a 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The 8-acre project consists of a 145,000-square-foot Class A office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of additional retail space. The grocery store opened to the public on July 24, 2026, and the office headquarters building is now ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the headquarters features a community garden, rooftop deck, fitness center and culinary kitchens.

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Waterline-Austin-1
DevelopmentMixed-UseTexasTop Stories

Lincoln Property Co., Kairoi Complete 74-Story Waterline Mixed-Use Tower in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between Dallas-based Lincoln Property Co. and San Antonio-based Kairoi Residential has completed Waterline, a 74-story mixed-use tower located at 98 Red River St. in downtown Austin. According to the development team, at 1,025 feet, Waterline is now the tallest building in Texas. The 2.7 million-square-foot building gets its name from the site’s location near the nexus of Waller Creek and Lady Bird Lake. Construction of Waterline began in fall 2022 and topped out last August. According to the development team, construction was completed two months ahead of schedule. Waterline features approximately 350 apartments on the top 33 floors called Bosque Residences at Waterline, in addition to some 700,000 square feet of office space, a 251-room hotel that will be operated under the 1 Hotels brand and 24,000 square feet of ground-floor retail and restaurant space. Residential amenities include two pools, a fitness center, lounge, kitchen and coworking space. Office tenants also have access to a fitness center, as well as a bar and lounge and indoor meeting spaces. Kohn Pedersen Fox (KPF) served as the architect for Waterline, and DPR Construction acted as the general contractor. Canadian pension fund PSP Investments was an equity partner …

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The-Albritton-Friendswood
DevelopmentLoansMixed-UseTexas

Concord Summit Capital Arranges $28M in Financing for Metro Houston Mixed-Use Project

by Taylor Williams

FRIENDSWOOD, TEXAS — Florida-based intermediary Concord Summit Capital has arranged $28 million in financing for The Albritton, a 163,176-square-foot mixed-use project that is under construction in the southeastern Houston suburb of Friendswood. The Albritton is planned to feature 111 apartments, 11,000 square feet of retail space, 9,000 square feet of office space and a 72,000-square-foot parking garage. Daniel Eidson and Ben Applebaum of Concord Summit Capital originated the nonrecourse loan through an undisclosed lender on behalf of the borrower, Tannos Development Group. Completion is slated for 2028.

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AcquisitionsArizonaHealthcareIndustrialMixed-UseOfficeWestern

Venture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2M

by Amy Works

ORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction. Kate Zimmerman, also with Cushman & Wakefield | PICOR, supported the transaction. Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.

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High-Mountain-Promenade-North-Haledon-New-Jersey
DevelopmentMixed-UseNew JerseyNortheast

Partnership Breaks Ground on Mixed-Use Project in North Haledon, New Jersey

by Taylor Williams

NORTH HALEDON, N.J. — A partnership between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos. has broken ground on High Mountain Promenade, a mixed-use project in the Northern New Jersey community of North Haledon. The development will comprise a 596-unit, 74,715-square-foot (gross) self-storage facility, as well as 90 apartments and 4,400 square feet of retail space. First Bank provided construction financing for the project, which was arranged by JLL. A tentative completion date was not disclosed.

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CivicDevelopmentGeorgiaMixed-UseRetailSoutheast

City of Alpharetta Approves North Point Mall Rezoning for Planned Hockey-Anchored Mixed-Use Village

by John Nelson

ALPHARETTA, GA. — The Alpharetta City Council has approved the rezoning of North Point Mall, a shuttered 1.3 million-square-foot shopping mall that originally opened in 1993. The redevelopment is now zoned for the build-out of a mixed-use entertainment district that the development team hopes will attract a National Hockey League (NHL) team. The team behind the nearly 100-acre mixed-use district includes landowner New York Life Insurance Co., real estate development and placemaking firm Jamestown and specialty sports and entertainment development firm Machete Group. The design-build team includes HKS Architects and Kimley-Horn (civil engineer), and Jamestown will manage the overall development. Plans for the site include a 20,000-seat NHL-ready arena; 4,000-seat music hall and performing arts center; 2,000-seat community hockey rink; 1,100-seat movie theater; two hotels comprising up to 650 hotel rooms and a 35,000-square-foot conference center; approximately 565,000 square feet of retail and dining space; 750,000 square feet of offices; 1,385 multifamily units; and more than 20 acres of publicly accessible parks, plazas and multi-use trails. The development team says the project should support more than 13,000 construction jobs and 6,000 permanent jobs, as well as generate $2 billion in direct consumer spending. The redevelopment will be delivered in phases, …

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DevelopmentMixed-UseSoutheastTennessee

Urban Story Ventures, Hill Partners to Develop $350M Mixed-Use District at The Bend in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — A partnership between Urban Story Ventures and Hill Partners has announced plans for a new $350 million retail and residential district at The Bend, a 120-acre mixed-use redevelopment in downtown Chattanooga. Situated along “the bend” in the Tennessee River, the new district will feature an open-air layout and comprise restaurants, shops, service retailers, offices and residences. Perkins&Will is providing the master plan design based off Urban Story Ventures’ vision for the project. According to Urban Story Ventures, existing developments that have inspired the design behind the new retail and residential district at The Bend include The Wharf in Washington, D.C., and Biltmore Village in Asheville, N.C. Other aspects of The Bend include a $300 million amphitheater being developed by Venu Holding Corp., which is planning to complete the venue by late 2028. Construction of the new district is expected to begin next year, with an anticipated completion timeline of the fall of 2028, subject to the timing of preleasing.

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DevelopmentFloridaMixed-UseMultifamilySoutheast

FRP, Woodfield Begin Vertical Construction on Mixed-Use Development in Southwest Florida

by John Nelson

ESTERO, FLA. — FRP Development Corp. and Woodfield Development have begun vertical construction on a mixed-use development underway in Estero, an incorporated village in Southwest Florida’s Lee County. Phase I of the development will include 296 apartments in three- and four-story residential buildings, as well as 30,000 square feet of retail space and amenities including a resort-style pool, gaming lounge, coworking facilities, fitness center and a sky lounge. The co-developers expect tenants to begin moving in by third-quarter 2027. Additionally, FRP and Woodfield recently secured an $81.5 million construction loan from Santander Bank for the yet-to-be-named development. Located at 23281 Lyden Drive, the development will offer 600 apartments, 80,000 square feet of retail space, 20,000 square feet of offices and a boutique 190-room hotel at full completion. The design-build team includes Brooks & Freud (general contractor), Humphreys & Partners Architects (architect) and ID & Design International (interior designer).

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Campo-on-17th-Tustin-CA
AcquisitionsCaliforniaDevelopmentMixed-UseMultifamilyRestaurantRetailWestern

Burnham-Ward Properties Buys Retail Center in Tustin, California, Plans Mixed-Use Redevelopment

by Amy Works

TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.

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