Mixed-Use

OnSite Retail Group to Lease $140M District at Deerfield in Cincinnati

by Kristin Harlow August 31, 2017

CINCINNATI — OnSite Retail Group will oversee leasing of the retail portion of The District at Deerfield, a $140 million mixed-use development in Cincinnati. The development spans 28 acres between Mason-Montgomery Road and Wilkens Boulevard. In partnership with Deerfield Township, the property will feature a community park. The green space’s town-square design will be surrounded by dining and retail establishments. The developer, Silverman & Co., will break ground on the project’s initial residential components later this fall. The property will feature 242 luxury apartments in four buildings, along with a pool, clubhouse and leasing office.

August 31, 2017

Illinois Midwest Mixed-Use

Interra Brokers $3.1M Sale of Mixed-Use Property in Chicago

by Kristin Harlow August 29, 2017

CHICAGO — Interra Realty has brokered the sale of a 13-unit mixed-use property in Chicago’s Pilsen neighborhood for $3.1 million. The property, which comprises 12 residential units and one street-level retail space, is located at 1157 W. 18th St. The building underwent a full renovation in 2016, including all new kitchens and baths. The 2,300-square-foot retail space has a new facade with large windows, exposed brick walls, high ceilings and access to additional basement storage. Jeremy Morton and Ted Stratman of Interra represented both the undisclosed buyer and the seller, a local development group. At $238,462 per unit, this was the second highest price-per-unit sale in Pilsen history, according to Interra.

August 29, 2017

Mixed-Use Texas

Provident to Develop 37-Acre Mixed-Use Project in Plano

by Taylor Williams August 21, 2017

PLANO, TEXAS — Provident Realty Advisors will develop The Legacy at Spring Creek, a 37-acre mixed-use project located at the corner of Dallas North Tollway and Spring Creek Parkway in Plano. Designed by O’Brien Architects, the project will feature up to 100,000 square feet of retail space, three eight- to 10-story office buildings and a 200-room hotel. Construction is slated to begin in January 2018. Cushman & Wakefield will handle leasing of the property.

August 21, 2017

Illinois Midwest Mixed-Use

Structured Development Acquires Office Building in Chicago, Plans 200,000 SF Mixed-Use Development

by Kristin Harlow August 17, 2017

CHICAGO — Structured Development has acquired a 40,000-square-foot loft office building in Chicago’s Lincoln Park for an undisclosed price. The property is located at 855 W. Blackhawk St., adjacent to another property that Structured Development purchased in 2015. Together, the sites will be redeveloped as The Shops at Big Deahl, a 200,000-square-foot mixed-use property. Demolition of the building located at 1450 N. Dayton St. is underway, with construction of The Shops slated to begin in early 2018. Callison RTKL is the project architect.

August 17, 2017

Mixed-Use Northeast Office Pennsylvania Retail

KeyBank Secures $44.7M in Financing for Mixed-Use Assets in Philadelphia

by Amy Works August 16, 2017

PHILADELPHIA — KeyBank Real Estate Capital has provided a $44.7 million CMBS first mortgage loan for Rodin Place, a mixed-use building, and an adjacent retail property located in Philadelphia. Totaling 241,884 square feet, the assets include a single-story retail building, leased by Target, and one six-story office and retail building. John Christen of Key’s Commercial Mortgage Group arranged the financing with a 10-year term, five-year interest-only period and 30-year amortization schedule. Loan proceeds were used to refinance existing debt.

August 16, 2017

Michigan Midwest Mixed-Use Office

CBRE Arranges Sale of Mixed-Use and Office Buildings in Ann Arbor, Michigan

by Kristin Harlow August 15, 2017

ANN ARBOR, MICH. — CBRE has arranged the sale of McKinley Towne Centre and The Offices at Liberty Square in Ann Arbor for an undisclosed price. McKinley Towne Centre is a 130,824-square-foot mixed-use building located at 401 E. Liberty St. The Offices at Liberty Square is a 59,381-square-foot office building located at 500 E. Washington St. The portfolio was nearly 99 percent occupied at the time of sale. Tenants include supply chain software company LLamasoft, TD Ameritrade, the University of Michigan, Bar Louie, AT&T and FedEx. Ann Arbor-based commercial real estate firm McKinley sold the assets to Hillside Investments. Anne Galbraith Kohn of CBRE represented McKinley in the transaction.

August 15, 2017

Georgia Mixed-Use Southeast

Selig Unveils Plans for $1B Mixed-Use Development in Atlanta’s West Midtown District

by Camren Skelton August 11, 2017

ATLANTA — Selig Development, an affiliate of Atlanta-based Selig Enterprises Inc., has unveiled plans for The Works at Chattahoochee, an 80-acre, mixed-use development located on Chattahoochee Industrial Avenue in Atlanta’s West Midtown district. The project will cost approximately $1 billion, according to the Atlanta Business Chronicle. Upon completion, the multi-phased development will span more than 1.5 million square feet and more than 40 structures, including 500,000 square feet of retail, 600,000 square feet of office space, 500 residences, a 200-room boutique hotel and 13 acres of green space. Phase I of the project is slated for delivery in 2018 and will include a mix of dining, office, residential, entertainment and public green space, in addition to 200,000 square feet of adaptive reuse within three warehouses. Subsequent phases will be delivered in the next five to 10 years.

August 11, 2017

Florida Mixed-Use Southeast Top Stories

Kimco Begins Phase I of $1B Mixed-Use Development in South Florida

by Kristin Harlow August 11, 2017

DANIA BEACH, FLA. — Kimco Realty Corp. (NYSE: KIM) has broken ground on the Phase I retail portion of Dania Pointe, a mixed-use project in Dania Beach, a beachside suburb of Fort Lauderdale in Broward County. Total project costs are estimated at $1 billion, according to local media reports. Slated to open in time for the 2018 holiday season, the $109 million Phase I comprises 300,000 square feet of retail space, which is approximately 80 percent preleased to tenants such as T.J. Maxx, Hobby Lobby, BrandsMart and Ulta Beauty. Upon completion, Dania Pointe will be a 1 million-square-foot, open-air lifestyle community incorporating over 100 retail tenants and restaurants. Future phases will include up to 500,000 square feet of Class A office space, 1,000 luxury apartment and condominium units and two hotels. Dania Pointe is located near the Fort Lauderdale-Hollywood International Airport and adjacent to Oakwood Plaza, which Kimco also owns. Hoar Construction and locally based developer Salzman Real Estate Advisors also make up the project team. New York-based Kimco is a real estate investment trust focused on owning and operating open-air shopping centers. As of June of this year, the company’s portfolio spanned 510 shopping centers and 84 million square …

August 11, 2017

Mixed-Use Texas

Stratus Properties to Develop 258,000 SF Mixed-Use Project in College Station

by Taylor Williams August 10, 2017

COLLEGE STATION, TEXAS — Stratus Properties Inc. (NASDAQ: STRS) will develop Jones Crossing, a 258,000-square-foot mixed-use project situated on a 72-acre tract in College Station. The retail component of the project will be anchored by a 106,000-square-foot H-E-B. The company expects to break ground during the third quarter and open the H-E-B store in mid-2018.

August 10, 2017

Mixed-Use Multifamily New York Northeast Office Retail

Cleeman Realty Group Facilitates Two Sales in Brooklyn Totaling $6.1M

by Amy Works August 9, 2017

NEW YORK CITY — Cleeman Realty Group has brokered two separate transactions in Brooklyn totaling $6.1 million. In the first deal, an undisclosed buyer acquired a three-story, 3,440-square-foot residential walk-up building in Brooklyn’s Fort Greene area for $2.5 million. The building features eight rental units, four of which are vacant. Zach Hering of Cleeman Realty represented the buyer and undisclosed seller in the transaction. In the second deal, an undisclosed seller sold a vacant mixed-use building located on St. Felix Street in Brooklyn for $3.5 million. The 4,600-square-foot property features five residential units and two floors of community space. The building has been vacant since it was built in 2007. Michael Cleeman of Cleeman Realty represented the seller, while Hering represented the undisclosed buyer in the deal.

August 9, 2017

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