Wednesday, June 18, 2025
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Mixed-Use

The Gathering at South Forsyth
DevelopmentGeorgiaMixed-UseSoutheast

Forsyth County Approves Plans for $3B Mixed-Use Development in Metro Atlanta, Including 18,000-Seat Arena

by Abby Cox

ALPHARETTA, GA. — The Forsyth County Commission has approved plans for The Gathering at South Forsyth, a $3 billion mixed-use development located in Alpharetta, roughly 26 miles north of Atlanta. Situated near Ronald Reagan Boulevard and Union Hill Road, the 100-acre development will include an 18,000-seat arena as the centerpiece of the property, along with residential, retail and dining components. The project, which is led by Krause Sports and Entertainment, aims to attract a National Hockey League (NHL) expansion team to the region. The region hasn’t had an NHL team since the Atlanta Thrashers franchise moved to Winnipeg in 2011.

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DevelopmentMixed-UseTexas

Centurion American Unveils Plans for 2,000-Acre Mixed-Use Development in Gunter, Texas

by Taylor Williams

GUNTER, TEXAS — Centurion American Development Group has unveiled plans for Platinum Ranch, a 2,000-acre mixed-use development that will be located in the North Texas city of Gunter. The site is located less than a mile from Preston Road and offers frontage along Grayson County Toll Road. Plans call for 4,200 single-family residential homes and 29 acres that will be dedicated to residential villas that are zoned for up to 290 units. Platinum Ranch will also feature 277 acres of commercial and multifamily development, with the latter component having a maximum of about 3,000 units, as well as 223 acres of green space that will include a community park and several amenity centers. Preliminary sitework is scheduled to begin in the fourth quarter.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $6.2M Sale of Brooklyn Mixed-Use Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $6.2 million sale of a 17,934-square-foot mixed-use building in the Williamsburg neighborhood of Brooklyn. The three-story building at 167 N. 9th St. consists of 10 residential units and four commercial spaces. Shaun Riney and Michael Salvatico of Marcus & Millichap represented the seller and procured the buyer, both of which were local private investors that requested anonymity, in the transaction.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Negotiates $34.3M Sale of Mixed-Use Portfolio in Montauk, New York

by Taylor Williams

MONTAUK, N.Y. — Marcus & Millichap has negotiated the $34.3 million sale of a portfolio of nine buildings totaling 48,145 square feet in Montauk, located on Long Island’s South Fork. Known as Gosman’s Dock, the portfolio spans 11.6 acres and consists of four restaurants, a fish market, six retail stores, four staff residences, a parking area, marina, fish charter facilities and a boat rental site. The sale also included vacant land that can support the development of a 46-room hotel. Henri Kessler, Michael Tuccillo and Eric Anton of Marcus & Millichap represented the seller, a group that includes the Gosman Family, and procured the buyer, private equity firm Black Diamond Capital Management.

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DevelopmentFloridaMixed-UseMultifamilySoutheast

Hines, Urban Street Development Top Off Second Multifamily Building at $500M FAT Village in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Hines and Urban Street Development (USD) have completed vertical construction of the second multifamily building at FAT Village, an 835,000-square-foot, $500 million mixed-use development in Fort Lauderdale’s Flagler Village neighborhood. Upon completion of Phase I, FAT Village will feature 80,000 square feet of experiential retail, a 1,200-space commercial parking structure and 600 residential units across two multifamily buildings, the first of which was topped out in March. Later this year, Hines and USD will top off T3 FAT Village, a 180,000-square-foot mass timber office building. T3 (which is named for timber, transit and technology) is slated for completion in 2026. Blanca Commercial Real Estate is leading pre-leasing efforts for the office space. 

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DevelopmentGeorgiaMixed-UseMultifamilyRestaurantRetailSoutheast

High Street, Third & Urban Plan Mixed-Use Development in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — A partnership between High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), and Third & Urban have announced plans for the development of Hillcrest, an 8.1-acre mixed-use development located in the Atlanta suburb of Sandy Springs. Scheduled to break ground this month, the project will feature 362 apartment units, 30 for-rent townhomes and more than 18,000 square feet of retail space. In collaboration with the seller, Sandy Springs United Methodist Church, proceeds from the sale will fund capital improvements to the church’s primary campus. Improvements will also be made to the surrounding street infrastructure, adding on-street parking and connected walkability to the area. The project team will include Cooper Carry (architect), Square Feet Design (retail consultant and interior designer), New South Construction (general contractor), Citizens Bank (lender) and Wesley Community Development (church advisor). Amy Fingerhut of CBRE is handling leasing negotiations. The townhomes will offer two- and three-bedroom floorplans with two-car garages and rooftop patios, while the apartment building will measure up to five stories tall and feature a parking garage with more than 100 public parking spaces. Amenities at the apartment will include a rooftop swimming pool and clubroom, golf simulator lounge, …

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DevelopmentDistrict of ColumbiaLoansMixed-UseMultifamilySoutheast

Pearlmark Provides $58M Mezzanine Loan for Multifamily Development in D.C.

by John Nelson

WASHINGTON, D.C. — Pearlmark has provided a $58 million mezzanine loan for the development of Portals IV, a 356-unit multifamily project underway in the Southwest Waterfront neighborhood of Washington, D.C. Pearlmark originated the loan via its investment fund, Pearlmark Mezzanine Realty Partners VI LP.  David Webb and John Rehberger of CBRE arranged financing for the development, along with Mark Witt of Pearlmark.  Kennedy Wilson provided the senior loan. The borrower and developer is Republic Properties, a subsidiary of the Republic Family of Cos. Portals IV is situated within walking distance of two Metro stations and will be the final addition to the Portals complex, a 3 million-square-foot mixed-use development that comprises three office buildings, one luxury apartment building and a hotel. Amenities at Portals IV will include a rooftop swimming pool and walkway, resident package locker room with dry cleaning pickup, fireplace lounge, fitness center and spin room, library, golf simulator, game room, coworking spaces, concierge services and a rooftop amenity lounge on the 13th floor. Outdoor grilling stations, private dining rooms, commercial laundry facilities and a coffee bar will also be available for resident use.

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Central-Park-Post-Oak
DevelopmentMixed-UseOfficeRestaurantRetailTexasTop Stories

Midway Plans 17-Acre Central Park Post Oak Mixed-Use Redevelopment Project in Uptown Houston

by Abby Cox

HOUSTON — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square feet of retail space. Redevelopment of the property will comprise more than 150,000 square feet of mixed-use retail and restaurant space, including 60,000 square feet of new construction. Two additional buildings will be developed along Post Oak Boulevard with a “prominent jewel box restaurant” planned at the corner of Ambassador Way. To create a more walkable district, the City of Houston recently completed a $192 million renovation of Post Oak Boulevard that featured widened sidewalks and streets, new lighting and nearly 1,000 oak trees. Midway also plans to reposition several of the site’s heritage live oak trees to create a more pedestrian-friendly environment. “We are reimagining Central Park …

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GeorgiaHospitalityLoansMixed-UseSoutheast

Patterson Secures Refinancing for 161-Room Bellyard Hotel in West Midtown Atlanta

by John Nelson

ATLANTA — Patterson Real Estate Advisory Group has secured the refinancing for Bellyard, a 161-room Marriott Tribute Portfolio hotel located in Atlanta’s West Midtown district. Delivered in 2021, the hotel serves as an anchor for The Interlock, a $450 million mixed-use-development by SJC Ventures that was sold to Armada Hoffler in 2023. Patterson arranged the loan through Connecticut-based LoanCore Capital on behalf of the borrower, Bellyard Partners LLC, the hotel’s ownership entity comprising West 14th Hospitality LLC and Atlantic American Partners.

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DevelopmentMidwestMinnesotaMixed-Use

Ryan Cos. Breaks Ground on $68M Housing, Retail Components of Highland Bridge Mixed-Use Project in St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of St. Paul, has broken ground on new housing and retail components of Highland Bridge, a 122-acre mixed-use development at the former site of Ford Motor Co.’s Twin Cities assembly plant. The $68 million project is expected to be substantially completed by November 2026. The nearly 3-acre site at the intersection of Cretin Avenue and Ford Parkway in the city’s Highland Park neighborhood will feature five buildings. Plans call for a 97-unit multifamily building with 8,500 square feet of ground-floor retail space, three standalone retail buildings totaling 14,000 square feet and a 13,000-square-foot daycare center. The project also includes a two-level parking ramp and pedestrian access. Amenities of the apartment building will include a clubroom, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secured package room. The initiative is a public-private partnership supported by the City of St. Paul and the HRA, which provided tax-increment financing (TIF) from existing TIF district budget savings. Ryan is serving as developer, builder and designer. Completed developments at Highland Bridge include The Collection, a 230-unit apartment building with a flagship Lunds …

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