REBusinessOnline

PREIT, Macerich to Open 900,000 SF Fashion District Philadelphia on Thursday

PHILADELPHIA — On Thursday, Sept. 19, a joint venture between PREIT and Macerich will launch Fashion District Philadelphia, a 900,000-square-foot retail district housing dozens of shopping, dining and entertainment destinations. The $400 million project is a redevelopment of the old Gallery mall. A range of clothing and accessory retail options include Aeropostale, Burlington, Columbia and ULTA. The Fashion District will also house coworking spaces from REC Philly and Industrious. Other …

Capital Markets Professionals Put Mixed-Use Dynamics Under the Microscope During InterFace Panel

ATLANTA — One of the central themes of the first annual InterFace Mixed-Use Southeast conference was the interplay between the various uses present within mixed-use projects around the region. Whether it's Avalon in Alpharetta, Georgia, or the American Tobacco Campus redevelopment in downtown Durham, North Carolina, the success of these projects hinges on whether the different uses can support one another. Can the apartment residents help patronize the retail and restaurants? Can the office …

JLL Arranges $140M Refinancing for Mixed-Use Development Adjacent to Wrigley Field

CHICAGO — JLL has arranged a $140 million loan for the refinancing of Gallagher Way, a recently completed mixed-use development adjacent to Chicago’s Wrigley Field. The project includes more than 93,000 square feet of office space, 85,100 square feet of retail space, the 173-room Hotel Zachary and an 8,000-square-foot open-air entertainment plaza. Office tenants include American Airlines and the Chicago Cubs. Danny Kaufman, Christopher Knight, Jeff Bucaro and Nicole Aguiar of JLL arranged …

Alexandria Real Estate Equities to Develop 800,000 SF Mixed-Use Technology Campus in Seattle

SEATTLE — The City of Seattle has selected Alexandria Real Estate Equities Inc. (NYSE: ARE) to develop an approximately 800,000-square-foot mixed-use campus known as the Mercer Mega Block. The life science and technology-driven project will be built on the last large, undeveloped site — nearly three acres ­— in Seattle’s Lake Union submarket. Alexandria won the bid for the project by agreeing to pay $143.5 million for the land and to address homelessness, according to the Puget …

Market Basket Supermarket Will Anchor 306,000 SF Mixed-Use Development in Maynard, Massachusetts

MAYNARD, MASS. — Market Basket Supermarket will anchor the 306,000-square-foot Maynard Crossing mixed-use development currently under construction in Maynard, located approximately 23 miles west of Boston. The 70,000-square-foot store plans to hire 250 associates and will feature a full-service butcher and café with sandwiches, pizza and sushi. LeCesse Development Corp. is developing Maynard Crossing, which will include additional retail tenants and a 180-unit apartment complex called The …

Brady Sullivan Redeveloping 112,000 SF Mixed-Use Project in Keene, New Hampshire

KEENE, N.H. — Brady Sullivan Properties is redeveloping the Colony Mill Marketplace, an existing 112,000-square-foot mixed-use project in Keene, located about 50 miles southwest of Concord. Construction of 89 apartments is slated for completion by the end of fall 2019, and the property already encompasses Elm City Brewing Co., Keene Casino and NBT Bank. The mill was originally built in the mid-1700s and was traded and redeveloped numerous times before it reopened as Colony Mill Marketplace in …

Prescott Group Breaks Ground on Multi-Tower Mixed-Use Campus in Turtle Creek Neighborhood of Dallas

DALLAS — Prescott Group has begun the demolition and early construction phase for 2727 Turtle Creek, a five-acre mixed-use campus in the Turtle Creek submarket of Dallas. The development will include an office tower, high-rise apartment tower and a hotel tower. Prescott Group imploded an existing, vacant nine-story office building and parking garage on the site early on Sunday, Sept. 15. The building was the former home of Republic Insurance, according to local media …

Charney, Tavros Near Completion of 350,000 SF Mixed-Use Tower in Brooklyn

NEW YORK CITY — A partnership between Charney Construction & Development and Tavros Holdings is nearing completion of The Dime, a 350,000-square-foot mixed-use project in Brooklyn. The tower incorporates the Dime Savings Bank building, originally constructed in 1908, into a mixed-use development featuring 177 residential units, more than 100,000 square feet of office space and 50,000 square feet of ground-floor retail space. Amenities include an acre of outdoor space, a basketball court …

CCR North Starts Construction of Phase II at Crismon Gateway Village in Mesa, Arizona

MESA, ARIZ. — CCR North LLC has started construction on Phase II of Crismon Gateway Village, an approximately $40 million mixed-use project situated at the northeast corner of Crismon and Baseline roads in Mesa. The second phase will bring a mix of tenants, including Martin Dental, Vantage West and Sassy’s Café & Bakery. Current tenants include Black Rock Coffee, Bella Nail Bar, Filiberto’s, Radius Fitness and Doc’s Artisan Ice Cream. Upon completion, the master-planned …

PMG, Greybrook Plan 49-Story Mixed-Use Tower in Miami

MIAMI — A development partnership between New York City-based Property Markets Group (PMG) and Toronto-based Greybrook Realty Partners are currently developing 400 Biscayne, a mixed-use project offering 646 rental apartments in Miami. Slated for completion in 2021, the 49-story building will include 51,000 square feet of commercial space and a 22,000-square-foot redesigned First United Methodist Church of Miami. PMG originally bought the development site from the church in 2018 for $55 …

Conferences