MANSFIELD, TEXAS — Super Studios USA will open a film production and mixed-use campus in Mansfield, a southern suburb of Fort Worth, according to reports from multiple news outlets, including MSN and the Dallas Business Journal. Both publications report that the project is valued at roughly $750 million, with construction of a $50 million first phase set to begin in late summer or early fall. MSN also reports that the campus will ultimately span 75 acres and will feature residential, hospitality, retail and restaurant components in addition to film production space. Lastly, both MSN and the Fort Worth Star-Telegram report that the film production component will include four 18,000-square-foot sound stages with 42,000 square feet of attached offices with post-production and data center suites.
DULLES, VA. — A partnership between Timberline Real Estate Partners and Origami Capital Partners LLC has broken ground on Rivana, a 6.4 million-square-foot mixed-use development located on 103 acres in Northern Virginia’s Loudoun County. County officials attended the groundbreaking ceremony, which was held on Monday, April 20. According to the Loudoun County website for the project, plans for Rivana include a 463,000-square-foot retail village; 3.5 million square feet of Class A offices; 3,700 residential units; 500 hotel rooms; a performing arts venue; and two public parks at full build-out. The construction timeline was not released, but Washington Business Journal reports the developers will begin vertical construction on Phase I in mid-2027. The first phase will span 2 million square feet and include 1,500 apartments, a hotel and 150,000 square feet of retail space. Rivana is situated along the border of Loudoun and Fairfax counties near the Innovation Center Metro station and within one mile from Dulles International Airport. The development will feature four full phases in Loudoun County and a fifth in Fairfax County, according to Washington Business Journal.
ATLANTA — Coreforce, a public safety tech firm based in Decatur, Ga., has signed a 32,945-square-foot office lease at Uptown Atlanta, a mixed-use development by Rubenstein Partners LP that straddles Atlanta’s Buckhead and Midtown submarkets. Kyle Kenyon and Chris Port of CBRE represented the landlord in the lease transaction. Coreforce, formerly known as Utility Associates, has 200 employees and provides software for first responders and other frontline professionals. The firm will relocate from Decatur and occupy the entire 10th floor at Uptown Atlanta, which features more than 1 million square feet of office space. Other office tenants include The Academy for Innovation in Medicine, Stadler Rail, Entertainment Partners, MARTA CPEI group and Skillshot Media. The development also includes more than 100,000 square feet of retail space leased to J’ouvert Caribbean Kitchen, Bene Korean, Sugarcoat, Roundhouse Kickboxing, The Commodore and 26 Thai Kitchen, among others.
POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.
BROOKHAVEN, GA. — Locally based Connolly has completed Parkside on Dresden, a $70 million mixed-use development in downtown Brookhaven, a northeast suburb of Atlanta. The development is situated on a four-acre site along Dresden Drive near the Brookhaven-Oglethorpe MARTA station. Parkside on Dresden includes the 176-unit Solis Dresden Village, developed in partnership with Terwillger Pappas; a six-level parking garage; 28,000 square feet of ground-level retail space; and Woodley Plaza, a city-owned event lawn named after local businessman Dan Woodley. The retail space is fully leased to tenants including F45 Training, Café Vendome, Honeysuckle Gelato, Stretch Lab and Brookhaven Dance, among others. The development also includes a standalone retail building available for lease that features a rooftop patio.
BETHESDA, MD. — BXP (NYSE: BXP), the company formerly known as Boston Properties, has sold a 50 percent ownership interest in the corporate headquarters building for global hotelier Marriott International Inc. in downtown Bethesda. The Boston-based real estate development and management firm delivered the 21-story office tower in 2021 and is now selling its stake to its joint venture partner, The Bernstein Cos., at a $430 million valuation. Tommy Cleaver, Bill Shanahan, Dan Grimes and Chloe Neal of CBRE represented BXP in the sale. BXP’s net proceeds in the sale came out to $83 million. In addition to LEED Gold and Fitwel certifications, the Marriott office tower has features a rooftop terrace; grand lobby with an LED wall and three-story atrium; 7,500-square-foot fitness center; collaboration space; two dining offerings; 11,000-square-foot childcare center; and an innovation center with a test kitchen. According to Marriott, the office tower can accommodate roughly 3,500 workers across 2,842 workspaces. The hotel giant fully debuted the tower in fall 2022. “This remarkable headquarters is the result of a shared vision and a strong partnership with BXP,” says Adam Bernstein, president and CEO of The Bernstein Cos. “Together, we delivered a world-class building for Marriott International’s global headquarters …
ROYAL PALM BEACH, FLA. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the property owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at the intersection of State Route 7 and Southern Boulevard in Palm Beach County, the master-planned development will include 401 multifamily residences; approximately 426,764 square feet of retail space; a 125-room hotel; an 82,875-square-foot office building; an activated park plaza with public spaces, a sculpture garden and experiential amenities. Construction will begin soon following the permitting process. Concord Wilshire will announce additional details in the coming months, including the formal rebranding of the development and announcements of residential and retail development partners.
DENISON, TEXAS — Craig International will develop a 189-acre mixed-use project in the North Texas city of Denison. The Denison Development Alliance selected the locally based firm to lead development of the site at the intersection of U.S. Highway 75 and FM 84, which the municipal entity envisions as the “gateway” to Craig International’s $6 billion Preston Harbor master-planned community. Specific commercial and residential plans and uses for the site have not yet been announced. The project will move forward in phases, beginning with collaborative planning between Craig International and the City of Denison to refine the site plan, align on a long-term vision and recruit anchor users.
NORMAN, OKLA. — Rainier Development Co. has executed a master development agreement with the University of Oklahoma Foundation for the planned Rock Creek Entertainment District, a $1.1 billion project in Norman. Rainier will lead planning, design, coordination and development of the 269-acre district in collaboration with Cleveland County, the City of Norman, the University of Oklahoma, community stakeholders and other development partners. Rock Creek Entertainment District is envisioned as a year-round destination that will include an 8,000-seat performance venue designed to host concerts, conventions and community events, as well as University of Oklahoma men’s and women’s basketball games and women’s gymnastics events. Plans for Phase I of Rock Creek include the performance venue; a central outdoor plaza; approximately 140,000 square feet of retail, dining and entertainment experiences; roughly 250 multifamily units; and a structured parking garage with 1,200 spaces. Phased openings of the venue, restaurants and retail are expected to begin in 2028. Phase II will include approximately 180,000 square feet of office space and a 150-room hotel. Phase III calls for 500 additional multifamily units, as well as townhomes and single-family residences. Future phases are anticipated to include additional expansion, subject to market conditions and planning. The project, located …
HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.
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