Mixed-Use

CSW Development Breaks Ground on 250,000 SF Mixed-Use Center in Metro Austin

by Taylor Williams October 4, 2018

GEORGETOWN, TEXAS — Austin-based CSW Development has broken ground on Wolf Crossing, a 250,000-square-foot mixed-use center located at the junction of Interstate 35 and State Highway 29 in Georgetown, a northern suburb of Austin. Situated on 42 acres, the center will house a grocery store, several restaurants, neighborhood-service retailers, medical facilities and a hotel. Openings are slated for fall 2019. JLL is handling leasing and marketing of the center, prospective tenants of which include Verizon, P. Terry’s, Jason’s Deli and Salons by JC.

October 4, 2018

Development Midwest Missouri Mixed-Use

Remiger Design Unveils Master Plan for Redevelopment of Former Crestwood Mall in Suburban St. Louis

by Kristin Harlow October 4, 2018

CRESTWOOD, MO. — Architectural firm Remiger Design has unveiled a master plan for the redevelopment of the former Crestwood Mall in suburban St. Louis. Remiger is working with Chris Cedergreen, a commercial real estate design advisor. Plans call for more than 794,000 square feet of retail, office and residential space. The retail portion will feature 160,000 square feet, including a pharmacy, four outlots and a cinema. The office portion will include 240,000 square feet of office and medical space. The residential component will feature a four-story building with amenities such as a fitness room, pool and outdoor meeting area. Plans call for nearly 3,000 parking spaces. Known as Crestwood City Center, the development will connect to Grant’s Trail, a greenway. Crestwood Mall, which once housed more than 100 retailers in 1 million square feet, closed in September 2013. Owner UrbanStreet Group has completed the environmental remediation and demolition of the mall. Walpert Properties Inc. is the project developer. HBD is the general contractor. Pam Hinds and Christopher Zoellner of Balke Brown Transwestern will market the office and retail portions for lease. The target date for completion of the office portion is January 2020.

October 4, 2018

Development Midwest Mixed-Use Wisconsin

Green Bay Packers Plan Phase II of Titletown Development

by Kristin Harlow October 4, 2018

ASHWAUBENON, WIS. — The real estate development arm of the Green Bay Packers, Titletown Development LLC, has unveiled plans for Phase II of Titletown, the mixed-use development located directly west of the professional football team’s Lambeau Field. Phase II plans call for approximately 220 residential units and a 130,000-square-foot office building. Up to 150 apartment units will be built along Brookwood Drive. The remaining residences will be townhomes available for ownership. The office building will be constructed along Lombardi Avenue and Marlee Lane. Wisconsin-based Commercial Horizons will serve as an investor and designer for the building. Construction is expected to begin in spring 2019 with completion slated for summer 2020. GK Titletown Developers LLC, a joint venture between Glimcher Capital Group and Kaufman Development, is serving as a co-developer for the residential portion. Project architects include NBBJ, Humphreys & Partners Architects, KTGY Architecture + Planning and Performa. The Green Bay Packers have won more championships — 13 to be exact — than any other team in National Football League history, including four Super Bowls.

October 4, 2018

Loans Mixed-Use Northeast Pennsylvania

UC Funds Provides $20.5M Construction Loan for Mixed-Use Project in Philadelphia

by David Cohen October 3, 2018

PHILADELPHIA — UC Funds has provided a $20.5 million construction loan for Phase II of Liberty Square, a mixed-use project in Philadelphia. Located at 236 W. Thompson St., the full build-out will include 191 residential units and 6,700 square feet of ground-floor retail space. The loan will fund the construction of 89 of the residential units and all of the retail space. Amenities will include an underground parking garage, fitness center and a landscaped plaza with dog park. The borrower was undisclosed.

October 3, 2018

Acquisitions Mixed-Use Texas

FPA, Trinity Buy Mixed-Use Development in Houston

by Taylor Williams October 3, 2018

HOUSTON — A partnership between San Francisco-based FPA Multifamily LLC and Southern California-based Trinity Property Consultants has acquired a mixed-use development located at the intersection of Westheimer Road and Kirby Drive in Houston. The sale includes the 397-unit Gables West Ave. apartment community, which will be rebranded Arrive River Oaks, and the 193,895-square-foot West Avenue River Oaks shopping center, which will be rebranded Shops at Arrive. Retail users at the property include TOOTSIES, Milk & Honey and Eddie V’s Prime Seafood. The new ownership will upgrade the apartment community’s amenity spaces, including the dog park, fitness center and pool area.

October 3, 2018

Development Hawaii Mixed-Use Multifamily Seniors Housing Top Stories Western

Highridge Costa Cos., Coastal Rim Properties Break Ground on $130M Mixed-Use Seniors Housing Project in Hawaii

by David Cohen October 3, 2018

KAPOLEI, HAWAII — Gardena, Calif.-based Highridge Costa Cos., in partnership with Honolulu-based Coastal Rim Properties, has broken ground on Kulana Hale, a mixed-use and affordable seniors housing project in Kapolei, near Honolulu. Designed by SVA Architects, Hawaiian Dredging Construction Co. is building the property. Located at 1020 Wakea St., the $130 million project consists of three components — two 13-story towers and a single-story commercial space — to be built in three phases. The $64 million first phase will feature 154 affordable apartment units for seniors in a unit mix of 22 studio, 109 one-bedroom and 22 two-bedroom layouts, as well as a one-bedroom manager’s unit. All residential units are equipped with an oven, stove, microwave and refrigerator. Project amenities will include a community meeting room, picnic area, community workspace with high-speed internet access and neighborhood-serving retail space on the ground floor. The second phase will add a tower with 143 affordable units for families, as well as additional ground-floor retail space. Construction of the second phase is slated to start in 2019. The final phase will be a single-story retail space to serve the residents and larger community. “My administration has been working hard to expand affordable rental housing …

October 3, 2018

Acquisitions Mixed-Use New York Northeast

Marcus & Millichap Negotiates $2.4M Sale of Mixed-Use Building in Brooklyn

by David Cohen October 1, 2018

NEW YORK CITY — Marcus & Millichap has negotiated the $2.4 million sale of a 2,100-square-foot mixed-use building in Brooklyn. The property is located at 488 Metropolitan Ave. Shaun Riney and Michael Salvatico of Marcus & Millichap represented the seller, a private investor, in the transaction. The team also represented the buyer, who was undisclosed.

October 1, 2018

Aria-Fla-Ave-North-Capitol-St-Washington-DC

Acquisitions Development District of Columbia Mixed-Use Multifamily Office Retail Southeast

Aria Development Acquires Land Parcel for Mixed-Use Development in Washington, D.C.

by Amy Works October 1, 2018

WASHINGTON, D.C. — Aria Development Group has purchased a land parcel located at the corner of Florida Avenue and North Capitol Street N.E. in Washington, D.C., for an undisclosed price. The buyer is planning to develop a mixed-use building, including residential space, on the 25,000-square-foot site. The purchase represents the culmination of three years of assemblage activity to connect tree-lined P Street N.E. with Florida Avenue and North Capitol Street. Additional details of the transaction were not released. This acquisition represents Aria’s eighth multifamily or mixed-use investment in Washington, D.C.

October 1, 2018

Loans Mixed-Use Texas

Mission Capital Arranges $29.4M Construction Loan for Mixed-Use Project in Austin

by Taylor Williams September 28, 2018

AUSTIN, TEXAS — Mission Capital has arranged a $29.4 million loan for the construction of 1600 S. 1st St., an 86,700-square-foot mixed-use project that will be located in the Bouldin neighborhood of Austin. Upon completion, the project will feature 59 residential units, 22,800 square feet of ground-floor commercial space and a 321-space parking garage. Jason Parker, Steven Buchwald and Jamie Matheny of Mission Capital arranged the non-recourse loan through a local debt fund on behalf of the developer, Austin-based PSW Real Estate LLC. A timeline for groundbreaking and completion has not yet been established.

September 28, 2018

Loans Mixed-Use New Jersey Northeast

New York Life Real Estate Investors Provides $135M Refinancing for Mixed-Use Property in New Jersey

by David Cohen September 27, 2018

FORT LEE, N.J. — New York Life Real Estate Investors has provided a $135 million loan for the refinancing of Hudson Lights, a residential and retail mixed-use development in Fort Lee. The floating-rate loan has an initial term of three years. The borrower was an institutional investor. Built in 2016, the development includes 276 market-rate apartments, 136,000 square feet of retail space and a parking garage.

September 27, 2018

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