GRAPEVINE, TEXAS — Manhattan Construction has broken ground on a $105 million mixed-use project in Grapevine, just north of Dallas-Fort Worth (DFW) International Airport. The transit-oriented development will connect Grapevine to both DFW International Airport and downtown Fort Worth. Project elements will include a 38,000-square-foot outdoor plaza, a 42,000-square-foot rail station, a 121-room Hotel Vin and a 552-space parking garage. Construction is expected to be complete by late 2019.
DALLAS — Transwestern has brokered the sale of approximately 2.7 acres at 2105 and 2211 W. Davis St. in the Oak Cliff area of Dallas for the development of a mixed-use project. Headed by GroundFloor Development, the project will feature an undetermined amount of retail space and multifamily units. The site is currently zoned for the development of 20 townhomes and a five-story apartment building with ground-floor retail. Other terms of the land sale were not disclosed.
HUNTSVILLE, ALA. — RCP Cos. has signed Dave & Buster’s to its MidCity project, a $350 million mixed-use development under construction in Huntsville. The 140-acre project is a redevelopment of the former Madison Square Mall. Dave & Buster’s joins tenants such as Topgolf, which opened in December; High Point Climbing and Fitness, currently under construction; and Adrenaline Zone, which is expected to break ground this summer. The 26,500-square-foot Dave & Buster’s is expected to open in July 2019 and will be the entertainment retailer’s second location in Alabama. At full build-out, MidCity will include 345,000 square feet of street-level retail and restaurant space, 200,000 square feet of office space, 500 hotel rooms and 900 residences. In addition, the development will include a 38-acre public park.
DALLAS — Hill & Wilkinson has completed the renovation of 1217 Main Street, a 28,000-square-foot mixed-use building in downtown Dallas. Built in 1958, the property features four floors of office space and 2,500 square feet of ground-floor restaurant space. The renovation included upgrades to the building’s structural support system and façade. 5G Studio Collaborative served as architect on the project and Armstrong-Douglass served as structural engineer.
CORONA, CALIF. — A joint venture between Wermers Properties and Watermarke Properties has developed The Metro, a mixed-use property located in the center of the Main Street Corridor in Corona. The transit-oriented development features 286 residential units and more than 70,000 square feet of retail space. Currently signed retailers include Starbucks Coffee, Z-Pizza Tap Room, Poke Cat, Burgerim, America’s Best Eyeglass, Citibank, Organic Junkie, Paws at Main, Nail & Spa Today, D’Vine Mediterranean, Meraki Salon and Union Barber.
LOS ANGELES — Marcus & Millichap has arranged the sale of a mixed-use property located at 1300 W. 24th St. in Los Angeles. An individual/personal trust sold the asset to an undisclosed buyer for $1.8 million. The property features 6,657 square feet of mixed-use space. Floyd Shaheen of Marcus & Millichap represented the seller, while Sam Liberow, also of Marcus & Millichap, represented the buyer in the transaction.
GREENVILLE, S.C. — Entertainment concept Topgolf plans to open a new location at Garlington North, a 77-acre mixed-use project under development at Interstate 85 and Pelham Road in Greenville. Andy Misiaveg and Darrell Palasciano of The Shopping Center Group represented both Topgolf and owner/developer RealtyLink LLC in the lease negotiations. TSCG is the exclusive leasing advisor for the development. The three-story Topgolf venue will be situated on 13.5 acres in the northwest corner of the site, and will include 72 climate-controlled hitting bays that can host up to six players at a time. The facility will be the first Topgolf in South Carolina and is expected to open in summer 2019. Additional plans for the first phase of Garlington North include 24 acres of green space and preserved wetlands. There are three additional parcels available for sale or ground lease, and TSCG is pursuing restaurants, hotel chains, entertainment venues, retail and office tenants to round out Phase I. RealtyLink is considering retail, office, industrial and/or flex space for the second phase of the project. Site work is currently underway, but an additional construction timeline was not disclosed.
PHILADELPHIA — Southern Land Co. is developing The Laurel, a $300 million mixed-use property located at 1911 Walnut St. in Philadelphia. Designed by Solomon Cordwell Buenz, the 565,000-square-foot tower will feature 54 condominiums and 241 long- and short-term residences with separate lobbies and entrances. Additionally, the 48-story tower will feature 24,000 square feet of retail space. Amenity space at the property will include indoor and outdoor pools, fitness clubs, a game room with demonstration kitchen/bar, a library and music room.
MIAMI — Madison Realty Capital has provided a $26 million first mortgage loan for the development of Triton Center, a new mixed-use project in Miami. The loan is collateralized by two development sites located at 7880 and 8540 Biscayne Blvd. The 7880 Biscayne Blvd. site currently houses a vacant 11-story office building that was previously home to the U.S. Immigration and Naturalization Service (INS). The undisclosed borrower acquired the site in 2013 and has since demolished the interior of the building, with plans to convert it into a 139-room Hilton Garden Inn hotel. Triton Center will also include two apartment buildings totaling 324 units, 585 parking spaces and 25,000 square feet of retail space. Stantec will design the development. The 8540 Biscayne Blvd. site comprises six sub-parcels. The developer plans to construct an additional large-scale multifamily community at the site. A timeline for the projects was not disclosed.
NEW YORK CITY — Cushman & Wakefield has negotiated the sale of a mixed-used building located at 1618 Benson St. in the Westchester Square neighborhood of the Bronx. SKYC Management acquired the property for $4.5 million. The five-story, 20,930-square-foot building features 23 apartment units and three commercial units. Guthrie Garvin and Karl Brumback of Cushman & Wakefield represented the undisclosed seller in the transaction.
