Mixed-Use Archives - REBusinessOnline

Pennrose Breaks Ground on $225M Mixed-Use Project in Buffalo’s Canalside District

Taylor Williams — Tue, 21 Jul 2026 13:45:45 +0000

BUFFALO, N.Y. — Pennrose has broken ground on North Aud Block, a $225 million mixed-use project in Buffalo’s historic Canalside district. Plans call for 251 affordable and market-rate apartments, 18,000 square feet of commercial space, 20,000 square feet of open community space and 137 parking spaces. Developed in partnership with New York State Homes and Community Renewal, the multifamily component will feature one-, two- and three-bedroom floor plans, with 75 percent (187 units) of the residences to be reserved for households earning 80 percent of less of the area median income. The 20,000-square-foot public plaza will include event space with seating, as well as landscaped features, and will connect to KeyBank Center, home to the Buffalo Sabres and Buffalo Bandits. Tentative completion dates for various phases of development were not announced.

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Matthews Negotiates $15.2M Sale of Mixed-Use Building in Lower Manhattan

Taylor Williams — Tue, 21 Jul 2026 13:27:03 +0000

NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $15.2 million sale of a 19,873-square-foot mixed-use building in Lower Manhattan. The five-story building at 158 Lafayette St., which was originally constructed in 1915 and renovated in 2017, was vacant at the time of sale and is zoned to support residential redevelopment. Stephen Dadourian, Brock Emmetsberger and Matthew Gavin of Matthews represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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Greenberg Gibbons Breaks Ground on $450M Mixed-Use Project in Frederick, Maryland

Hayden Spiess — Thu, 16 Jul 2026 11:15:00 +0000

FREDERICK, MD. — Greenberg Gibbons has broken ground on Frederick Brickworks, a new mixed-use project located in Frederick, roughly 50 miles northwest of Baltimore. Upon completion, the development will span 65 acres. Project costs are expected to total $450 million. According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition last month. The site formerly housed the historic Frederick Brick Works factory, which opened in 1891. Brick manufacturing ended at the factory in 1946, and the company continued a construction materials business at the property until relocating in 2007. Whole Foods Market will anchor Frederick Brickworks. Other confirmed retail and restaurant tenants include honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the development will also feature 332 rental apartments and 320 for-sale townhomes built by Wormald and NVR Inc. Completion of the first phase is scheduled for 2028. The project is anticipated to support approximately 5,600 jobs — including 1,300 permanent positions and 4,300 construction jobs — and generate an estimated $181 million…

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Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California

Amy Works — Tue, 14 Jul 2026 13:30:25 +0000

PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller in the transaction. Azzi and Banafsheha also collaborated with Arteen Zahiri and Ian Habbestad of Marcus & Millichap to procure the buyer.

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Southfield City Council Approves $65.1M Office Redevelopment Project in Metro Detroit

Kristin Harlow — Wed, 08 Jul 2026 13:09:49 +0000

SOUTHFIELD, MICH. — The Southfield City Council has approved a $65.1 million redevelopment project that will transform the former Blue Cross Blue Shield campus on West 11 Mile Road into a mixed-use community featuring 305 workforce housing apartments, neighborhood retail and opportunities for future commercial development. The project, led by DV Properties LLC, an affiliate of Brady Sullivan, will breathe new life into two former office towers that have remained underutilized for years. All apartments will be marketed to households earning up to 120 percent of the area median income. Construction timelines and additional project updates will be shared as redevelopment activities move forward, according to the city.

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Brookfield, New England Development Acquire Former Naval Station Near Boston, Plan Major Mixed-Use Project

John Nelson — Tue, 07 Jul 2026 12:00:00 +0000

WEYMOUTH, MASS. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Mass. The Weymouth City Council has unanimously approved the land reuse plan, which also was approved by the towns of Rockland and Abington. The State of Massachusetts has also expressed strong support for the redevelopment plan. The redevelopment will mark the largest residential and commercial project to date in Massachusetts, according to John Twohig, executive vice president of New England Development. In addition to the commercial and residential components, the proposed project will preserve more than 880 acres of open and restricted space that can be activated for both public recreational use and wildlife preservation. Situated about 16 miles south of Boston in Norfolk and Plymouth counties, the South Weymouth Naval…

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Landau Properties Breaks Ground on $550M Residential Project in Brooklyn

Hayden Spiess — Thu, 02 Jul 2026 11:47:00 +0000

NEW YORK CITY — Landau Properties, in partnership with Third Millennium Group and Midtown Equities, has broken ground on a new residential development located in Brooklyn Heights. Project costs will total an estimated $550 million. The developers received $213 million in financing for the first phase of the development in December 2025. Upon completion, One Montague Place will comprise 46 luxury condominium residences, 90 multifamily units and 40,000 square feet of retail space. Condominiums at the development will span roughly 3,000 square feet and include three bedrooms. AECOM Tishman is leading construction on the project. The project team also includes Zarifi Design, Hill West Architects and Douglas Elliman. “With world-class amenities and stunning skyline views, One Montague Place will redefine luxury residential living in the heart of Brooklyn, and we are honored to break ground on this game-changing project in conjunction with Landau Properties,” says Eric Reid, COO of AECOM Tishman. Completion of the development is scheduled for 2029. Founded in 2022, Landau Properties develops, acquires and operates residential and commercial real estate properties in New York and South Florida. — Hayden Spiess

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Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

Amy Works — Wed, 01 Jul 2026 13:41:02 +0000

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

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Partnership Completes Phase I of Boston Mixed-Use Development

Taylor Williams — Thu, 25 Jun 2026 14:58:39 +0000

BOSTON — A partnership between Harvard University and New York City-based real estate giant Tishman Speyer, as well as Tishman Speyer’s life sciences affiliate Breakthrough Properties, has completed Phase I of a mixed-use development in Boston’s Allston neighborhood. Known as the Enterprise Research Campus, the development’s initial phase spans 9 acres and features a 343-unit apartment community known as Verra, the 246-room Atlas Hotel, a two-building life sciences and lab complex, a conference center, 40,000 square feet of street-level retail and restaurants and 2 acres of open green space. The Enterprise Research Campus was first announced in summer 2023 and funded by $750 million in construction financing provided by a syndicate of lenders led by New York City-based Otera Capital.

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Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall

Kristin Harlow — Wed, 24 Jun 2026 14:33:13 +0000

STERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space and a mix of parking lots and street parking for residents and visitors. When complete, the project is estimated to result in $621 million in total capital investment. Aside from participating in tax revenue capture to support the redevelopment plan, the City of Sterling Heights intends to proceed with a bond issuance of approximately $27.6 million to assist in the cost of the infrastructure. The total TBP incentive package will be reimbursed over 30 years. The developer, Lakeside OOTB Ventures LLC, is a subsidiary of Lionheart Capital. Lakeside Mall closed in July 2024.

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Lowes Foods to Anchor Mixed-Use Project in Mooresville, North Carolina

John Nelson — Wed, 24 Jun 2026 13:41:46 +0000

MOORESVILLE, N.C. — Lowes Foods plans to anchor Cadia Village Mooresville, a mixed-use development underway in suburban Charlotte. The Winston-Salem-based grocer will open a 52,000-square-foot store that features various departments, including a craft brewery (The Beer Den), coffee shop (Boxcar Coffee) and bakery (The Cakery). The developer, Pappas Properties, plans to break ground on the new Lowes Foods store in the third quarter, aiming for delivery in 2027. Situated near Lake Norman, Cadia Village Mooresville will feature a retail center, offices, a community village green space, for-sale homes, active adult apartments and cottage townhomes. Pappas Properties broke ground on Phase I of the mixed-use project last November.

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JLL Arranges $26M in Construction Financing for Buffalo Mixed-Use Project

Taylor Williams — Wed, 24 Jun 2026 13:31:46 +0000

BUFFALO, N.Y. — JLL has arranged $26 million in construction financing for Heritage Point, a mixed-use project in Buffalo’s Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings. The financing comprises a $14.8 million senior construction loan from national lender X-Caliber and $11.2 million of Commercial Property Assessed Clean Energy (C-PACE) financing from its affiliate, CastleGreen Finance. Jillian Mariutti led the JLL team that arranged the financing on behalf of the developer, Sinatra & Co., which expects to deliver Heritage Point in the third quarter of next year.

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Berkadia Arranges $124.6M Loan for Refinancing of Irving Mixed-Use Property

Taylor Williams — Tue, 23 Jun 2026 15:13:56 +0000

IRVING, TEXAS — Berkadia has arranged a $124.6 million loan for the refinancing of Alesio Urban Center, a mixed-use property in Irving’s Las Colinas district that consists of 908 apartments and 55,499 square feet of commercial space. Developed on 17.3 acres in phases between 1987 and 1995, Alesio Urban Center comprises 14 residential buildings, a structured parking garage and 23 commercial spaces. Residences come in one-, two- and three-bedroom floor plans, and amenities include five pools, a fitness center with yoga and Pilates studios, a business center, game lounge, running trail and a media/theater room. Blackstone provided the loan to the owner, Harbor Group International. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez led the debt placement efforts for Berkadia.

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Partnership to Launch $280M Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville

John Nelson — Tue, 23 Jun 2026 14:47:13 +0000

KNOXVILLE, TENN. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences, along with a private members club. Arctos is the majority equity investor in the project and is participating as a general partner alongside a sponsor team led by RVX, Magellan and Dixon Greenwood. The construction timeline was not disclosed, but Knoxville News Sentinel reports that construction is expected to begin this summer and include the overhaul of the G10 parking garage, which is a hub of parking and tailgating on game days. The media outlet also reported that the University of Tennessee System Board of Trustees approved a 99-year lease for the development in early May.

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CenterCal Properties Unveils Plans for Expansion of 1 MSF Mixed-Use Development Near Boise, Idaho

Amy Works — Fri, 19 Jun 2026 13:08:17 +0000

MERIDIAN, IDAHO — CenterCal Properties has unveiled plans for the expansion of The Village at Meridian, a 1 million-square-foot mixed-use development located in Meridian, roughly 10 miles west of downtown Boise. Phase II of the project will encompass 80,000 square feet of commercial space across six new buildings. Tenants that have committed to Phase II include Vuori, Alo, Kendra Scott, Tecovas, Gorjana, solidcore and Tempur-Pedic, along with Flower Child and Paris Baguette. Additional tenants will be announced as leasing activity continues. Initial openings are expected in September 2026, while completion of Phase II is anticipated for February 2027.

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NewQuest Begins Work on 544-Acre Mixed-Use Development in Seguin, Texas

Taylor Williams — Mon, 15 Jun 2026 11:47:00 +0000

SEGUIN, TEXAS — Houston-based developer NewQuest has begun work on Seguin Exchange, a 544-acre mixed-use development that will be located on the northeastern outskirts of San Antonio. NewQuest first acquired the land in 2007 and is now underway on infrastructural work. Plans for Seguin Exchange currently call for approximately 2 million square feet of industrial space and 750,000 square feet of retail, restaurant and entertainment space that will be housed within a single shopping center. Seguin Exchange is also planned to feature medical, multifamily and hospitality uses. Within the development’s retail component, NewQuest is in negotiations with various retailers that could account for as much as 400,000 square feet of preleasing activity, inclusive of anchor spaces. NewQuest expects the first retail stores to open at the end of 2027. The majority of retailers, service businesses and restaurants should follow in 2028. Within the industrial component, the site can support more than 250 acres of new development, which NewQuest plans to construct in partnership with an undisclosed, Houston-based firm. Ohio-based automotive supplier KTH Parts has already committed to the project via a 40-acre ground lease, with construction slated to begin later this year. “We are fortunate to have been patient with…

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MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

Amy Works — Fri, 12 Jun 2026 13:52:08 +0000

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

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BCIP Acquires 32.6 Acres on Florida’s Space Coast, Plans Grocery-Anchored Mixed-Use Development

Abby Cox — Fri, 12 Jun 2026 13:11:36 +0000

WEST MELBOURNE, FLA. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the project will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 square feet of commercial space, as well as a public art component that “celebrates the innovation, exploration and heritage that defines Florida’s Space Coast,” according to the press release. Upon completion of Space Coast Town Center, the development will include more than 2,000 multifamily residential units, 300 hotel rooms, 360,000 square feet of office space, 257,000 square feet of retail and restaurant space, a grocery store anchor and various public gathering areas.

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SJC Ventures Buys Former Macy’s at Harford Mall in Maryland, Plans 94,600 SF Mixed-Use Development

John Nelson — Wed, 10 Jun 2026 14:11:27 +0000

BEL AIR, MD. — Atlanta-based mixed-use developer SJC Ventures has purchased the former Macy’s store at Harford Mall in Bel Air from CBL Properties, a mall REIT based in Chattanooga, Tenn. The purchase secured the final piece of property needed for SJC to begin construction next month on Derby Place, a 94,600-square-foot mixed-use property. SJC completed the first phase of development when it converted the former Sears into the Shops of Harford Mall in 2024. Derby Place will be anchored by a 35,000-square-foot organic grocer and 48,000 square feet of shops and restaurants. Another developer will construct 249 multifamily apartment units on the site with on-deck parking. The development will also feature pedestrian walkways, pocket parks and open space. Derby Place is expected to be ready for occupancy by spring 2028.

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BMC Investments Sells 100,000 SF Mixed-Use Property in Denver

Amy Works — Wed, 10 Jun 2026 14:04:50 +0000

DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.

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