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Mixed-Use

DevelopmentFloridaHospitalityLoansMixed-UseSoutheast

BD Hotels Secures $75M Construction Financing for Hotel at Nora District in West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — BD Hotels has secured a $75 million construction loan for The Nora Hotel, a 201-room hotel to be developed within the Nora District mixed-use project in West Palm Beach. Metropolitan Commercial Bank provided the financing, which Steven Klein and Mark Fisher of JLL arranged on behalf of the borrower. Developed in partnership with NDT Development, Place Projects and Wheelock Street Capital, the property will feature Pastis West Palm Beach as a ground-floor restaurant, and STARR Restaurants will operate the hotel’s rooftop restaurant and lounge, as well as the hotel’s in-room dining service. A construction timeline for the hotel was not disclosed. Phase 1 of the Nora District broke ground in June 2023 and will feature 150,000 square feet of retail, office and hospitality space. Confirmed retailers at the project include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, The Garret Group, Juliana’s Pizza, Celis Juice Bar and Café, Del Mar Mediterranean Restaurant, Sana Skin Studio, Mint, The Spot Barbershop, [solidcore] and Sunday Motor Co.

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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Game Show Challenge to Open 3,889 SF Entertainment Venue at Lee + White in Atlanta

by John Nelson

ATLANTA — Entertainment retail concept The Game Show Challenge has signed a 3,889-square-foot lease at Lee + White, an adaptive reuse development located in the West End of Atlanta. Kelly Wilson of Ackerman Retail arranged the lease on behalf of the developers, Ackerman & Co. and MDH Partners. Located in Building 1000, the space will feature two studios with interactive games. The venue is scheduled to open later this year and marks the third location for The Game Show Challenge, which also operates outposts in Columbia and Greenville, S.C. Ackerman & Co. and MDH Partners acquired the Lee + White mixed-use property, which totals 442,562 square feet, in 2019. The latest phase of development includes a food hall, creative office space, retail space and a “Great Lawn” with gathering and event space.

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The-Mix-Frisco
DevelopmentMixed-UseTexas

City of Frisco Approves Master Development Agreement for $3B Mixed-Use Project

by Taylor Williams

FRISCO, TEXAS — The City of Frisco, located north of Dallas, has approved a master development agreement for The Mix, a $3 billion, 112-acre mixed-use project. Under the terms of the deal, the City of Frisco, the Frisco Economic Development Corp. and the Frisco Community Development Corp. will provide $113.4 million in performance-based grants to fund Phase I infrastructure, which includes property remediation and construction of an underground parking garage. The Mix will be located at the former site of Wade Park, a mixed-use development that never materialized at the southeast corner of Lebanon Road and Dallas Parkway. Plans currently call for 2 million square feet of office space, 375,000 square feet of retail and restaurant space, two hotels and apartments and townhomes, as well as 16 acres of open green space and a park. The name of the private-sector developer behind the project was not disclosed, but D Magazine reports that New York-based JVP Management took control of the site in 2019.

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DevelopmentHospitalityMixed-UseSouth CarolinaSoutheast

Frampton Begins Construction on 100-Room Residence Inn Hotel in Mount Pleasant, South Carolina

by John Nelson

MOUNT PLEASANT, S.C. — Frampton Construction Co. has broken ground on a new, 100-room hotel in Mount Pleasant. Frampton is serving as the general contractor on behalf of the developer, Bennett Hospitality, which will operate the property as Residence Inn. Upon completion, the hotel will total 82,000 square feet across five stories. The Residence Inn will be situated within the five-phase, $500 million Patriots Annex development located on the east side of Charleston Harbor and will be within walking distance of Patriots Point Soccer Stadium, the College of Charleston Baseball Stadium x Tennis Center, the Patriots Point Links golf course and the Patriots Point Naval and U.S. /Maritime Museum. The Residence Inn hotel will feature a fitness center, pool, meeting rooms and dining and bar areas. The project team includes Winford Lindsay Architect and civil engineer Seamon Whiteside. Completion of the hotel is scheduled for 2026.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $5.9M Sale of Mixed-Use Building in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $5.9 million sale of a five-story mixed-use building in Lower Manhattan. The building at 133 Eldridge St. features ground-floor retail space with residential units above. Joe Koicim and Logan Markley of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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DevelopmentFloridaMixed-UseRetailSoutheast

Live Nation to Open 3,500-Seat Venue at Westcourt Mixed-Use Project in Downtown Orlando

by John Nelson

ORLANDO, FLA. — Live Nation plans to open a 3,500-seat entertainment venue at Westcourt Sports and Entertainment District, a 900,000-square-foot mixed-use project currently underway in downtown Orlando. Construction on the facility is scheduled to begin early next year, with an anticipated opening in 2027. SED Development, JMA Ventures and Machete Group are developing Westcourt, which will feature a 261-room Kimpton hotel, 265 residential units, 300,000 square feet of office space and 125,000 square feet of entertainment and dining-focused retail space. Westcourt will also feature 1.5 acres of flexible green space that will host programming including yoga classes, farmer’s markets, live music, food festivals and movie nights.

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DevelopmentMixed-UseNorth CarolinaRetailSoutheast

Crosland Southeast Breaks Ground on Publix-Anchored Shopping Center in Durham

by John Nelson

DURHAM, N.C. — Crosland Southeast has broken ground on Latta Park, a planned mixed-use community located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of shop space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Crosland Southeast has tapped Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates to oversee retail leasing at Latta Park, which is slated for a spring 2026 completion. The developer is investing $2 million in infrastructural improvements at the intersection of Guess and Latta roads to make way for the development. Future phases of the 30-acre mixed-use community will include 176 townhomes built by Tri Pointe Homes.

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Leasing ActivityMarylandMixed-UseRestaurantRetailSoutheast

New Tenants Open at Collection at Chevy Chase Mixed-Use Center in Metro DC

by John Nelson

CHEVY CHASE, MD. — A new wave of tenants have opened at The Collection at Chevy Chase, an upscale, multi-story mixed-use development in metro Washington, D.C.’s Friendship Heights district. Located on Wisconsin Circle in Chevy Chase, The Collection’s new tenants include Porsche Studio (3,756 square feet), Brooks Brothers (5,722 square feet), Bright Horizons (11,638 square feet) and a kiosk for Dunkin’ (400 square feet). The Chevy Chase Land Co. is the owner and landlord of The Collection. Built in 2006, the center is home to tenants including Tiffany & Co., Amazon Fresh, Capital One Bank, Giorgetti, Capital Laser & Skincare, Clyde’s Restaurant, The Hunter’s Hound, Junction Bistro, Bar & Bakery, Joy by Seven Reasons and Merritt Gallery, among others.

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40-Thorndike-St.-East-Cambridge
DevelopmentMassachusettsMixed-UseNortheast

Leggat McCall, Granite Complete 475,000 SF Mixed-Use Redevelopment Project Near Boston

by Taylor Williams

EAST CAMBRIDGE, MASS. — A partnership between Leggat McCall Properties and Granite Properties has completed the mixed-use redevelopment of a former courthouse building located at 40 Thorndike St. in East Cambridge. Formerly known as the Edward J. Sullivan Courthouse, the 20-story building now features 422,000 square feet of office space, 48 affordable housing units, retail, restaurant, childcare and meeting spaces, as well as parking for 362 cars and 20,000 square feet of public outdoor space. Elkus Manfredi Architects designed the project, and John Moriarty & Associates served as the general contractor. Bank OZK financed the project. Construction began in fall 2021.

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Smoky-Hollow-Raleigh
LoansMixed-UseNorth CarolinaSoutheastTop Stories

Barings Provides $134M Loan for Refinancing of Raleigh Mixed-Use Property

by Taylor Williams

RALEIGH, N.C. — Barings has provided a $134 million loan for the refinancing of Smoky Hollow, a mixed-use property located in Raleigh. Travis Anderson, Colby Mueck and Warren Johnson of JLL arranged the five-year loan on behalf of the owner, a joint venture between locally based Kane Realty Corp., Williams Realty & Building Co. and Lionstone Investments. Smoky Hollow was completed in 2020 and is located in the state capital’s Glenwood South neighborhood. The property comprises The Line, a 283-unit apartment community, as well as a 229,000-square-foot office building known as 421 North Harrington and roughly 40,000 square feet of retail and restaurant space. The Line features studio, one-, two and three-bedroom apartments and amenities such as a pool, clubroom, social lounge, coworking space, fitness center, outdoor grilling and dining stations and a package delivery room. The office building rises nine stories and offers bike storage space and multiple outdoor terraces. Food-and-beverage users at Smoky Hollow include barbeque restaurant Midwood Smokehouse, ice cream and tea concept Milklab and cocktail bar The Crunkleton. The retail component houses other wellness-based users, such as Dose Yoga & Smoothie Bar, JetSet Pilates and FastMed Urgent Care. “Smoky Hollow is well-positioned to benefit from Raleigh’s …

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