REBusinessOnline

JLL Arranges $42M Refinancing for Century Square Mixed-Use Property in College Station

COLLEGE STATION, TEXAS — JLL has arranged a $42 million loan for the refinancing of Century Square, a mixed-use property in College Station. Built in 2018 and located adjacent to Texas A&M University’s campus, the development features 159,128 square feet of retail space, 57,204 square feet of office space, two hotels totaling 303 rooms and 249 multifamily units, as well as open green spaces. The refinancing did not cover the hospitality and residential components. Ares Management Corp. …

JLL Arranges Sale of Alpharetta City Center in Georgia

ALPHARETTA, GA. — JLL has arranged the sale of Alpharetta City Center, a mixed-use development featuring 168 residential units, a town green and 82,700 square feet of retail and restaurant space. Amorance, the multifamily community on-site, spans two buildings, offering one- and two-bedroom floor plans averaging 1,067 square feet. The property, which South City Partners and Morris & Fellows delivered in 2018, features communal amenities such as a clubroom with outdoor patio, catering …

JLL Arranges $97.5M Construction Loan for Mixed-Use Project in Stamford, Connecticut

STAMFORD, CONN. — JLL has arranged a $97.5 million construction loan for the development of the second phase of Atlantic Station, a mixed-use project in Stamford, located approximately 35 miles northeast of New York City. Bank OZK provided the floating-rate loan. The first phase of Atlantic Station was completed in 2018 and comprised 325 rental units, 321 parking spaces and 16,000 square feet of retail space. The second phase will include 325 condominium units, approximately 48,000 square …

Callahan Breaks Ground on 410,000 SF Mixed-Use Development in Amesbury, Massachusetts

AMESBURY, MASS. — Callahan Construction Managers has broken ground on Maples Crossing, a 410,000-square-foot mixed-use development in Amesbury, located approximately 40 miles north of Boston. Developed by Global Property Development Corp., the 70-acre entertainment and lifestyle center will be anchored by six ice hockey rinks. The Daily News of Newburyport reports that the development costs $70 million and will also include an office building, restaurant and hotel. Andrus Architecture is …

Integral Group Adds Three Developers, Alamo Drafthouse to Assembly Yards Project in Metro Atlanta

DORAVILLE, GA. — The Integral Group has added three development partners at Assembly Yards, a 165-acre mixed-use redevelopment of the former General Motors plant in Doraville. Paces Properties has joined the development team as the retail partner, StreetLights Residential will serve as the multifamily partner and Ashton Woods Homes as the single-family home builder. Additionally, Alamo Drafthouse Cinema, a Texas-based chain of movie theaters with in-house dining and bar service, will open …

Centurion American Group, City of Mesquite Break Ground on 54-Acre Mixed-Use Project

MESQUITE, TEXAS — A partnership between Centurion American Group and the City of Mesquite has broken ground on Iron Horse Village, a 54-acre mixed-use project located east of Dallas that will include 336 single-family homes, 130,000 square feet of retail, restaurant and entertainment space and 4.5 acres of green space. The initial phases of development are expected to be complete in

MetroNational Breaks Ground on Four-Acre Mixed-Use Project in Houston’s Memorial City District

HOUSTON — Locally based developer MetroNational has broken ground on a four-acre mixed-use project at the southwest corner of Bunker Hill Road and Katy Freeway in the Memorial City area of Houston. The project will include a 25-story residential tower that will house 278 units in one-, two- and three-bedroom layouts and amenities such as a rooftop pool, fitness center, dog park, golf simulator and a movie theater. That building will also house 4,500 square feet of retail and restaurant space. …

Rubenstein, Monarch Acquire Transit-Oriented Mixed-Use Development in Atlanta for $187M

ATLANTA — Rubenstein Partners and Monarch Alternative Capital have acquired Lindbergh Center, a 1 million-square-foot mixed-use development in Atlanta’s Buckhead district, for $187 million. The property comprises twin 14-story office buildings above the MARTA Lindbergh Station and a 47-acre development that includes residential and retail space. Retailers include LongHorn Steakhouse, Taco Mac, Jimmy Johns, Willie’s and Five Guys. Residential communities include eon at Lindbergh and Alexan …

JLL Arranges $386M Loan for Refinancing of Mixed-Use Tower in Manhattan

NEW YORK CITY — JLL has arranged $386 million loan for the refinancing of 70 Pine Street, a 1 million-square-foot mixed-use development in Manhattan’s Financial District. Goldman Sachs provided a five-year, floating-rate loan to refinance the original construction and redevelopment loan for the property. The tower comprises 612 rental apartments, a 132-room Lyric Hotel and approximately 30,500 square feet of retail space. Tenants include Black Fox Coffee, Blue Park Kitchen, City Acres …

Sachs, Blackfin Purchase Mixed-Use Property Near Amazon HQ2 for $70M

FALLS CHURCH, VA. — Sachs Cos. and Blackfin Real Estate Investors have purchased Loren Falls Church, a mixed-use property in Falls Church, for $70 million. Loren Falls Church comprises 185 multifamily units and 13,577 square feet of retail space. The property was built in 2017 and was 97 percent occupied at the time of sale. Communal amenities for residents include a swimming pool, fitness center, outdoor lounge, living room lounge and a community kitchen. Retail tenants include Orangetheory …

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