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Mixed-Use

DevelopmentMassachusettsMixed-UseNortheastTop Stories

New England Development to Break Ground on 1.2 MSF Allston Yards Mixed-Use Project in Boston

by Kristin Harlow

BOSTON — New England Development, in partnership with Stop & Shop, Bozzuto and Southside Investment Partners, will soon break ground on Allston Yards, a 1.2 million-square-foot mixed-use project in the Allston neighborhood of Boston. The site currently houses an older but still-operating Stop & Shop store and parking lots, which will be redeveloped. Built in multiple phases, Allston Yards will feature a 165-unit apartment building; a new Stop & Shop grocery store; 117,000 square feet of retail and restaurant space; 350,000 square feet of office and lab space; and a one-acre community green space. Construction of Building A, which comprises the apartment building and grocery store, is scheduled to commence this month. Construction of the office and life sciences building is slated to begin in the third quarter of 2022. Building A will contribute $1.2 million to the Allston-Brighton Homeowner Fund, a charity created in partnership with the Boston Home Center that aims to increase affordable homeownership opportunities in Allston-Brighton. JLL arranged financing for Building A through Bank of America and TD Bank. The project will extend and expand upon the area’s street grid, providing new connections to the Boston Landing Massachusetts Bay Transportation Authority (MBTA) station and improving both …

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PopStroke
DevelopmentFloridaMixed-UseRetailSoutheast

Stevens Construction Begins 13,712 SF PopStroke Project in Orlando

by Julia Sanders

ORLANDO, FLA. — Stevens Construction has begun construction on PopStroke Orlando, a 13,712-square-foot experiential golf and casual dining concept. The project is slated for completion in spring 2022. PopStroke Orlando will be an interactive and competitive golf experience with food and beverage options, including an open-air restaurant with multiple open decks and covered dining areas and bars. The venue will also have a commercial kitchen, restrooms, covered playground, beer garden and lobby with retail space. The project will also include two 18-hole putting courses designed by TGR Design, and a jumbotron screen to display scores and sporting events. Located at 321 N. Alafaya Trail within Waterford Lakes Town Center, PopStroke Orlando will be the fourth PopStroke location to open in Florida. Stevens Construction is currently under construction on a Sarasota location and previously completed PopStroke Fort Myers in September 2020. Bruce Chartrand, Robert Koller and Corrie Cochran of Stevens Construction are overseeing development. MHK Architecture & Planning is the project’s architect.

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DevelopmentMidwestMinnesotaMixed-Use

Kraus-Anderson Breaks Ground on North Loop Green Mixed-Use Project in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson has broken ground on North Loop Green, a mixed-use development in the North Loop neighborhood of Minneapolis. Hines, along with partners AFL-CIO Building Investment Trust and Marquee Development, are the developers. Plans call for 350,000 square feet of office space, 350 residential units, 100 hospitality units and 17,000 square feet of retail and restaurant space. A key feature of the project will be The Green, a one-acre green space that will host community events. The project architect, ESG Architects, plans to move its office to the development. Completion is slated for spring 2024. Brent Robertson of JLL will lead leasing efforts for the office component.

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Duplex Station
AcquisitionsDevelopmentMixed-UseSoutheastVirginia

Breeden Receives Approval for $27M Mixed-Use Project in Richmond’s Scott’s Addition

by Julia Sanders

RICHMOND, VA. — The Breeden Co. has received approval for a $27 million mixed-use project in Richmond’s Scott’s Addition area. The company is in the process of closing on 2 acres of land on Hermitage Road for the mixed-use project. The development will include a 142-unit multifamily community, as well as 24,000 square feet of commercial space, which will be the new corporate headquarters for Breeden Construction. The multifamily space, formally named Duplex Station on Hermitage, will feature one-, two- and three-bedroom apartments. Units will feature granite countertops, vinyl plank flooring and washers and dryers. Community amenities will include a pool, fitness center, rooftop lounge, electric car charging stations and bicycle storage. Breeden Construction will serve as the general contractor on the project. Construction is planned for early 2023.

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Elco Yards Redwood City
AcquisitionsAffordable HousingCaliforniaDevelopmentLife SciencesMixed-UseMultifamilyOfficeTop StoriesWestern

IQHQ Buys Site in Bay Area to Develop New Elco Yards Life Sciences Campus

by John Nelson

REDWOOD CITY, CALIF. — IQHQ, a private life sciences developer and owner with offices in San Diego and Boston, has purchased a “shovel-ready” development site in the Bay Area town of Redwood City that is fully entitled for mixed-use. The firm plans to develop Elco Yards, a project that will feature four life sciences buildings and two residential communities, as well as green space open to the public. The four office buildings will span 600,000 square feet and include laboratory, meeting and research and development space. The buildings are designed to meet LEED Gold standards. “Elco Yards represents an iconic project in a thriving life sciences market with a proven track record of attracting top companies and diverse talent,” says Steve Rosetta, CEO of IQHQ. “We are excited to advance this project, which is fully entitled and well-positioned to address the unmet demand for premier lab space in the Bay Area.” The multifamily portion will include two communities totaling 540 units. IQHQ is partnering with Charleston, S.C.-based Greystar for the residential component, which will feature 147 income-restricted units, according to Redwood City Mayor Diane Howard. “We look forward to Greystar’s continuing involvement and the creation of much-needed housing in Redwood …

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DevelopmentHospitalityMixed-UseOfficeRestaurantTexasTop Stories

HALL Group Unveils Plans for $7B Mixed-Use Expansion at HALL Park Office Complex in Frisco, Texas

by Katie Sloan

FRISCO, TEXAS — Dallas-based developer HALL Group has unveiled plans for the $7 billion mixed-use expansion of HALL Park, an existing 2.2 million-square-foot, 15-building office park located in Frisco. The full master plan will bring the development to 9.5 million square feet with a mix of office, hospitality, residential and retail uses.  The $500 million first phase of development includes a Class A office tower, 154-key boutique hotel, 19-story luxury residential tower, a collection of 60 executive suites and a 10,000-square-foot food hall surrounding a community park. HKS Architects designed the 16-story office building, which will span 410,000 square feet. Amenities include 10,000 square feet of ground-level retail and restaurant space, a corporate lounge, fitness center, meeting space to accommodate upwards of 230 people, a seven-level parking garage and rooftop decks.  Merriman Anderson Architects designed the 110,000-square-foot, full-service hotel component of the project, which will offer 13,000 square feet of indoor and outdoor event space, including a 3,000-square-foot ballroom; an outdoor swimming pool; gardens; a state-of-the-art fitness center; chef-driven restaurant and bar; and an expansive patio overlooking the community park.  WDG Architecture designed the 331,529-square-foot residential tower with interiors by Dallas-based Waldrop + Nichols Studio. The community will offer one- …

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Southern Post
DevelopmentGeorgiaMixed-UseSoutheast

Armada Hoffler to Break Ground on $110M Southern Post Mixed-Use Project in Roswell, Georgia

by Julia Sanders

ROSWELL, GA. — Armada Hoffler Properties Inc. plans to break ground in the fourth quarter on Southern Post, a 260,000-square-foot mixed-use development project in downtown Roswell. Construction is slated for initial completion in summer 2023. The development cost for the project is expected to be approximately $110 million. Located at 1023 Alpharetta St., Southern Post will include 128 apartments, nine townhomes, 95,000 square feet of creative loft office space, 40,000 square feet of retail space and 600 parking spaces with a parking deck. Belux Coffee, a coffee shop, is committed to 1,200 square feet, and Mexican eatery Arotea Cantina will lease out about 4,700 square feet. Other tenants will include Ponko Chicken, DaVinci Donuts and Silla Del Toro. Armada Hoffler Construction Co. will serve as the general contractor for this project. Retail and office space is currently available for lease. Transwestern is in charge of office and medical office leasing, while Dart Retail Advisors is in charge of retail leasing. The apartments will begin preleasing in the first quarter of 2023.

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DevelopmentMixed-UseTexas

Kalterra Capital to Develop 56-Acre Mixed-Use Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Dallas-based Kalterra Capital Partners will develop Midtown GP, a 56-acre mixed-use project located in the central metroplex city of Grand Prairie. The development’s residential component will consist of 142 townhomes and 366 apartments with clubhouses, resort-style pools, gyms and outdoor courtyards. In addition, Midtown GP will feature office, retail, restaurant and hospitality uses. Kalterra will develop the project in phases, with the construction of the first phase expected to be complete in 2023.

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CURV
AcquisitionsFloridaMixed-UseRetailSoutheast

AvalonBay Acquires Whole Foods-Anchored Mixed-Use Property in Downtown Fort Lauderdale

by Julia Sanders

FORT LAUDERDALE, FLA. — AvalonBay Communities has acquired CURV, a recently completed mixed-use project located at the corner of Federal Highway and Southeast 17th St. in downtown Fort Lauderdale. Built in 2020, CURV includes 243 apartments atop a 49,071-square-foot Whole Foods Market grocery store. The property includes a 668-space parking garage shared by shoppers and renters. The multifamily component of CURV offers a mix of studios, one-, two- and three-bedroom residences. Community amenities include a private tropical courtyard with a pool; package lockers with refrigerated and dry-cleaning units; a fitness center; and multiple business, work, meeting, gathering and entertainment spaces. The residential portion of the property was 97 percent occupied at the time of sale. Newmark represented the seller, affiliates of Ram Realty Partners IV LP, in the transaction. The sales price was not disclosed. In 2018, Ram acquired the 3.2-acre property, which formerly was used as a motel and restaurant. Roger Fry Architects designed CURV to meet National Green Building Standard certification.

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DevelopmentMixed-UseTexasTop Stories

Merit Commercial Real Estate Breaks Ground on $500M Alsatian Oaks Master-Planned Community Near San Antonio

by Kristin Harlow

CASTROVILLE, TEXAS — Merit Commercial Real Estate has broken ground on Alsatian Oaks, a 435-acre, master-planned community in Castroville, a town adjacent to San Antonio. The project represents an investment of more than $500 million. When complete, Alsatian Oaks will include 950 single-family homes, an amenity center, parks, bike trails and more than 400,000 square feet of restaurants, retail and medical office space. The first phase of development will consist of 233 homes as well as utility systems and a parkway connecting to Highway 90. A construction timeline was not provided. Founded in 1844 by farmers from Alsace, a French region that borders Germany, Castroville maintains a uniquely European agricultural style. Merit brought in agricultural talent from across the state to ensure that the new development honored the city’s heritage and paid tribute to its unique architecture. The population within a 10-mile radius of Castroville has increased 11.4 percent over the past five years, according to Merit. It is projected to increase another 18.2 percent over the next five years. Additionally, Castroville lies within the highest growth submarket for the San Antonio area, with more than 5,321 new home starts in the past year. There are multiple projects to increase …

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