Mixed-Use

Corning Optical Communications to Move Headquarters to Mixed-Use Development in Charlotte

by Camren Skelton June 30, 2017

CHARLOTTE, N.C. — Corning Optical Communications, a division of Corning Inc., has revealed plans to move its corporate headquarters to Riverbend Village, a mixed-use development in northwest Charlotte. The materials science company’s new headquarters will comprise 182,500 square feet of office space. Riverbend Village will also include a 78,000-square-foot Harris Teeter and fuel center, as well as a tenant mix of restaurants, retail and residential units. Simpson Commercial LLC and Landmark Development Partners are co-developing the property, with completion slated for summer 2018. Joey Morganthall and Keely Hines with MPV Properties are handling leasing of the center.

June 30, 2017

Mixed-Use Top Stories Utah Western

SALT Development Breaks Ground on $275M Multifamily, Office Project in Salt Lake City

by John Nelson June 29, 2017

SALT LAKE CITY — SALT Development, a privately held commercial real estate developer, has broken ground on Hardware Village, a $275 million, four-building mixed-use development situated on 400 West between North Temple Street and 200 North in Salt Lake City. Situated one block from the Vivint Smart Home Arena, home of the Utah Jazz NBA franchise, the project will include two seven-story multifamily buildings known as Hardware West and Hardware East, a 10-story office building known as Hardware Station and a four-story office building known as Hardware Crossings. “From the beginning we have envisioned creating a experience where residents are excited to work and live,” says Thomas Vegh, managing partner of Salt Lake City-based SALT Development. “Hardware District is the perfect complement to 4th West Apartments and the Salt Lake Hardware Building as it provides a sense of community with first-class living and working amenities.” The 265-unit Hardware West will feature 48 studios, 134 one-bedroom units and 83 two-bedroom units ranging from 450 to 1,800 square feet. The ground floor will feature 37 two-story brownstone townhomes averaging 1,400 square feet. Completion of the Hardware West building is scheduled for February 2018. The 144-unit Hardware East building will feature 32 one-bedroom …

June 29, 2017

Mixed-Use Texas

Beck Ventures Begins Demolitions for Phase I of $4B Mixed-Use Project in Dallas

by Taylor Williams June 28, 2017

DALLAS — Beck Ventures has begun demolitions of the Valley View Mall at the future site of Dallas Midtown, a $4 billion mixed-use project in Dallas that will encompass more than 400 acres. The development site will be located near the intersection of Preston Road and Interstate 635 in the city’s Galleria neighborhood. Phase I of construction will cost approximately $500 million and deliver 500,000 square feet of office space, 400,000 square feet of retail space, more than 1,000 apartments and an 18-story hotel, according to D Magazine. Completion of Phase I is scheduled for late 2019.

June 28, 2017

Mixed-Use Texas

Capital Metro, Partners Break Ground on Transit-Oriented Development in Austin

by Taylor Williams June 28, 2017

AUSTIN, TEXAS — Capital Metro and a partnership between Endeavor Real Estate Group and Columbus Realty Partners have broken ground on Plaza Saltillo District, an 11-acre, transit-oriented development near downtown Austin. The project will transform an abandoned site into a mixed-use community that will feature roughly 800 apartment units, 140,000 square feet of office space, 110,000 square feet of retail space and 1.4 acres of open public space. Multiple public transportation systems will serve the property. A time frame for delivery has not yet been established.

June 28, 2017

Florida Mixed-Use Southeast

Strategic Property Partners Unveils Plans for $3B Water Street Tampa Development

by Camren Skelton June 28, 2017

TAMPA, FLA. — Strategic Property Partners LLC (SPP) has unveiled plans for Water Street Tampa, a $3 billion mixed-use development located on the Garrison Channel and Hillsborough Bay in downtown Tampa. SPP is a real estate investment joint venture between Cascade Investment LLC and Jeff Vinik, owner of the Tampa Bay Lightning. Spanning 50 acres, the community will comprise more than 2 million square feet of office space; 1 million square feet of retail, cultural, educational and entertainment space; 3,500 new rental and for-sale residences and two new hotels totaling more than 650 rooms, including the city’s first five-star hotel. In addition, SPP donated an acre of land to the University of South Florida, which will relocate its Morsani College of Medicine and Heart Institute from its current suburban campus to a 380,000-square-foot facility in downtown. The development also includes over $200 million in new infrastructure. Roadway and public utility work began in the summer of 2016, and a new central cooling facility will break ground in the fall. The first phase of construction for Water Street Tampa will begin this year, with over 4 million square feet scheduled for completion in 2020. Subsequent phases of the project are slated …

June 28, 2017

Midwest Missouri Mixed-Use

IFS Installs $3.2M Plumbing System for Mixed-Use Development in Kansas City, Missouri

by Kristin Harlow June 28, 2017

KANSAS CITY, MO. — Integrated Facility Services (IFS) has installed a $3.2 million plumbing system for the 51st and Oak mixed-use development in Kansas City. The eight-story, 325,000-square-foot complex includes 170 luxury apartments, a clubhouse and fitness center, student health center, Whole Foods grocery store and parking garage on a nearly three-acre site. IFS participated early in the design process, which featured virtual design and construction planning and building information modeling technology. Van Trust Real Estate is the developer, HOK is the architect and The Weitz Co. is the general contractor for the $40 million project, which is slated for completion in December.

June 28, 2017

Georgia Mixed-Use Southeast Top Stories

NAP Breaks Ground on $80M Mixed-Use Project on Atlanta BeltLine

by Kristin Harlow June 23, 2017

ATLANTA — North American Properties (NAP) has broken ground on Edge, an $80 million mixed-use project on the Atlanta BeltLine’s Eastside Trail. NAP is partnering with Atlanta BeltLine Inc. (ABI) and The Conservation Fund Partner to transform the environmentally contaminated site. Edge will line both sides of the BeltLine’s Eastside Trail with 29,000 square feet of retail, dining and loft office space, connected by a pedestrian bridge. Of 350 residential units, 30 percent will be dedicated to affordable workforce housing for the portion of the property purchased from ABI. Completion of the retail and residential components is slated for spring 2019. “This initiative is the first redevelopment project on the Atlanta BeltLine where activation is occurring on three corridors: the Atlanta BeltLine, DeKalb Avenue and Edgewood Avenue, and it represents the vision of building an Atlanta BeltLine that everyone can call home,” says Paul Morris, president and CEO of ABI. The Atlanta BeltLine currently consists of four open trails, two trails under construction and seven parks. The 22-mile loop of pedestrian-friendly transit is slated for full completion in 2030. Founded in 1954, NAP is a privately held, multi-regional real estate operating and development company that has acquired, developed and managed …

June 23, 2017

Mixed-Use Multifamily Southeast Tennessee

Buckingham Cos. Opens Residences at Aertson Midtown in Nashville

by Camren Skelton June 22, 2017

NASHVILLE, TENN. — Indianapolis-based Buckingham Cos. has opened the residential portion of Aertson Midtown, a 17-story, 600,000-square-foot mixed-use development located adjacent to Vanderbilt University in Nashville. The Residences at Aertson Midtown is made up of 350 studio, one-, two- and three-bedroom units with rents ranging from $1,800 to $5,500 per month. The property features a rooftop pool, dog park, dog wash station, bike storage, theater, fitness center and 24-hour in-room dining through the on-site Henley restaurant. The community features 35,000 square feet of retail space with tenants including Charleston-based gourmet grocer Caviar & Bananas, Kimpton Aertson Hotel and the Woodhouse Day Spa, which is due for completion this fall.

June 22, 2017

Delaware Mixed-Use Northeast Retail

NFK Arranges $13.5M Sale of Retail/Mixed-Use Development Site in Rehoboth Beach, Delaware

by Amy Works June 21, 2017

REHOBOTH BEACH, DEL. — Newmark Knight Frank (NKF) has brokered the sale of a 10.3-acre development parcel located at the southeast corner of Coastal Highway and Holland Glade Road in Rehoboth Beach. The Corrado Family LLC sold the 448,668-square-foot site to Coastal Station Development Co. for $13.5 million. The buyer plans to redevelop the site, with the first phase featuring a Royal Farms convenience store and Iron Hill Brewery & Restaurant. Mike Margolis, Dave Dolan and Neal Dangello of NKF represented the seller in the transaction.

June 21, 2017

Mixed-Use Southeast Tennessee

AEG to Develop Mixed-Use Entertainment District in Downtown Nashville

by John Nelson June 20, 2017

NASHVILLE, TENN. — AEG plans to develop a mixed-use entertainment district at Southwest Value Partner’s (SWVP) Nashville Yards in downtown Nashville. The Los Angeles-based sports and entertainment venue owner/operator purchased a four-acre parcel of land that will be anchored by a 4,000-capacity music venue, a flagship Regal Cinemas theater complex, a 600- to 700- capacity live entertainment club, an approximately 240-room boutique hotel and other entertainment, food and beverage options. SWVP’s Nashville Yards is a multi-phase office, retail, hospitality, entertainment and residential project that will span the western edge of downtown and stretch from Broadway north past Church Street. The 15-acre site was previously home to the LifeWay Christian Resources campus. The first site in Nashville Yards, a 591-room Hyatt Regency hotel, is expected to open in 2020. The AEG-developed district will be located at 10th Avenue between Commerce and Church streets, with the option to acquire an additional 1.5-acre parcel for further development. The project further expands AEG’s portfolio of entertainment districts, which includes L.A. LIVE in Los Angeles, The O2 in London and Mercedes-Benz Platz in Berlin.

June 20, 2017

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