Mixed-Use

NAI Hanson Facilitates Two Sales of Industrial, Mixed-Use Properties in Westwood, New Jersey

by Amy Works November 28, 2016

WESTWOOD, N.J. — NAI James E. Hanson has arranged the sales of an industrial property and a mixed-use building in Westwood in two separate transactions. John Schilp and Andrew Somple of NAI Hanson represented the buyers and sellers in both deals. In the first deal, DR Music acquired a 16,400-square-foot industrial building located at 40 Carver Ave. in Westwood Industrial Park. 40 Carver LLC sold the building, which features 22-foot ceiling heights and two loading docks, for an undisclosed price. In the second deal, an investor acquired a 2,700-square-foot mixed-use property, which was in foreclosure, for an undisclosed price. A New Jersey banking institution sold the building, located at 57 Jefferson Ave.

November 28, 2016

Mixed-Use Multifamily Office Retail Texas

Thor Equities Tops Off Office Tower at Kirby Collection in Houston

by Amy Works November 23, 2016

HOUSTON — Thor Equities has topped off the 13-story office tower at Kirby Collection, a 1 million-square-foot mixed-use development located in Houston’s Upper Kirby district. The project’s 210,000-square-foot, Class A office building will feature two levels of retail space totaling 65,000 square feet. The development will also feature a 25-story, 385,000-square-foot residential tower with 199 apartments, including seven two-story townhomes and seven two-story loft spaces featuring private yards. E.E. Reed Construction is the general contractor for Kirby Collection, which is slated for completion in 2017. Richard Keating Architecture is the design architect, Dianna Wong Architecture + Design is the interior designer and Houston-based Kirksey is the architect of record. Walter P Moore is the structural engineer, and Houston-based WYLIE is the MEP engineer.

November 23, 2016

Michigan Midwest Mixed-Use

Fast Break: Pistons to Leave The Palace of Auburn Hills for Detroit in Fall 2017

by Kristin Harlow November 23, 2016

DETROIT — The Detroit Pistons announced Tuesday agreements under which the team will move to downtown Detroit and begin playing at the new Little Caesars Arena starting next season. The move will include construction of a new state-of-the-art Pistons practice facility and corporate headquarters. With the Pistons and Red Wings playing under one roof just blocks from the Tigers’ Comerica Park and the Lions’ Ford Field, Detroit will be the only North American city to have each of its four major professional sports leagues housed within four blocks in its urban core. The Pistons are currently playing their 29th and final season at The Palace of Auburn Hills. The redevelopment of that area is yet to be determined. Little Caesars Arena is on track for a September 2017 opening. A 50-block, mixed-use development, The District Detroit, will surround the arena. Detroit Pistons Owner Tom Gores, Christopher Ilitch of Ilitch Holdings Inc. and Detroit Mayor Mike Duggan made the announcement in a press conference Tuesday.

November 23, 2016

California Mixed-Use Western

CalAtlantic Homes Buys Development Site in San Diego for $24.5M

by Nellie Day November 23, 2016

SAN DIEGO — CalAtlantic Homes has purchased a 170-acre master-planned community site in the San Diego submarket of Del Sur for $24.5 million. The site is located at the intersection of Carmel Valley and Dove Canyon roads. David Santistevan and Gunder Creager of Colliers International represented both the buyer and seller, Mountain Glen Family LLC, in this transaction.

November 23, 2016

District of Columbia Mixed-Use Southeast Top Stories

National Law Firm, New Hilton Hotel to Anchor $2B Wharf Waterfront Development in D.C.

by John Nelson November 17, 2016

WASHINGTON, D.C. — Hoffman-Madison Waterfront (HMW), the developer of The Wharf, a $2 billion, mile-long neighborhood under construction along Washington, D.C.’s Southwest waterfront, has announced that the development will feature a new Hilton hotel and a new anchor office tenant, global law firm Fish & Richardson. HMW is a partnership between master developers PN Hoffman and Madison Marquette. Situated adjacent to 7th Street Park, Hilton Worldwide will open a 175-room Canopy by Hilton, the first North American hotel for the international brand. The Canopy will join a 238-room Hyatt House at The Wharf. When complete, The Wharf will feature more than 3 million square feet of new residential, office, hotel, retail, marina, and public uses, including waterfront parks, promenades, piers and docks. The development will encompass 24 acres of land and 50 acres of water on the Washington Channel. Phase I is slated to open in October 2017, and Phase II is expected to open between 2020 and 2021. “The Wharf is a truly ideal neighborhood for our Canopy by Hilton brand and we are thrilled to be a part of this amazing project,” says Gary Steffen, global head of Canopy by Hilton. Fish & Richardson, which specializes in global …

November 17, 2016

Georgia Hospitality Mixed-Use Southeast

Majestic, Carter to Develop $350M Mixed-Use Project at Hartsfield-Jackson Atlanta International Airport

by John Nelson November 16, 2016

ATLANTA — Master developers Majestic Realty Co. and Carter have announced plans for a $350 million mixed-use project at Hartsfield-Jackson Atlanta International Airport. Phase I of the project will include an 11-story, 440-room hotel that features a restaurant in the lobby, 80,000 square feet of conference/meeting space, a skybar on the 10th floor that overlooks the airport’s runway, 750 parking spaces and an additional 60,000 square feet of Class A office space. Visitors and hotel guests will have direct access to MARTA and the airport’s SkyTrain service. Majestic Realty and Carter are currently in discussions with InterContinental Hotels Group to serve as the operator of the four-star facility, which will be situated directly west of the domestic terminal. The hotel will be connected to the domestic terminal via a new plaza. Phase II of the project will feature two additional hotels built on 13 acres just west of Phase I. The design stage is expected to begin in 2017 with construction slated to start by early 2018. In 2015, Majestic Realty and Carter signed a 50-year lease for the 26.5-acre site with the city of Atlanta. The master development is part of the airport’s $6 billion ATLNext Initiative.

November 16, 2016

Mixed-Use Office Retail Texas

Marcus & Millichap Facilitates Sale of 52,305 SF Land Parcel in Houston

by Amy Works November 15, 2016

HOUSTON — Marcus & Millichap has arranged the sale of a land parcel located at 2401 N. Shepherd Drive in Houston. Braun Enterprises acquired the 52,305-square-foot site for an undisclosed price. The property is located across from HEB’s potential new location in the Houston Heights area. Justin Miller and Derek Hargrove of Marcus & Millichap represented the seller, a local family partnership, while Miller, Hargrove and David Hansen, also of Marcus & Millichap, represented the buyer in the transaction.

November 15, 2016

Florida Loans Mixed-Use Southeast

Arcis Capital Partners Provides $70M Facility for Celebration Pointe in Gainesville

by John Nelson November 15, 2016

GAINESVILLE, FLA. — Arcis Capital Partners LLC has provided a $70 million revolving facility for the development of Celebration Pointe, a more than 1 million-square-foot mixed-use project in Gainesville. Arcis Capital funded the facility on behalf of the borrower, Gainesville-based Celebration Pointe Holdings LLC, the sponsor and owner of Celebration Pointe. The 125-acre development is located along I-75 at Archer Road and features a newly built multi-modal bridge over the interstate. The developer, Celebration Pointe Development Partners, opened a new Bass Pro Shops at Celebration Pointe on Wednesday, Nov. 9. Anchoring the next phase, which is scheduled to open in November 2017, is a Regal Cinemas theater, a second Class A office building and over 350 luxury apartments. Additionally, a 137-room Hotel Indigo and the final phase of the main street retail are slated for a 2018 opening.

November 15, 2016

Mixed-Use Multifamily South Carolina Southeast

Beach Co. Breaks Ground on Mixed-Use Apartment Development in Downtown Columbia

by John Nelson November 15, 2016

COLUMBIA, S.C. — The Beach Co., a Charleston-based real estate developer, has broken ground on the final phase of the mixed-use CanalSide project in downtown Columbia. Situated in The Vista district, the new property is a 339-unit multifamily development known as Sola Station. The community will include 29,000 square feet of commercial space, as well as a saltwater pool, fitness center, yoga studio, dog park, spa, bike shop, clubroom and outdoor kitchens. The consultant team at Sola Station includes JHP Architecture, Creative Builders Inc., Alliance Consulting Engineers Inc., Hodgson & Douglas LLC and Moore Design Group. US Bank NA provided construction financing.

November 15, 2016

Hospitality Massachusetts Mixed-Use Multifamily Northeast Retail

Related Beal Tops Off Parcel 1B in Downtown Boston

by Amy Works November 14, 2016

BOSTON — Related Beal has topped off Parcel 1B, a residential, retail and hospitality development in downtown Boston. Designed by CBT Architects, the 484,000-square-foot property will feature 239 affordable and workforce apartment units, 10,000 square feet of street-level retail space, 220 parking spaces and a Courtyard by Marriott. Operated by Turnberry Associates, the 220-room hotel will feature 2,500 square feet of meeting space. Situated within Boston’s Bulfinch Triangle, the property is located in close proximity to public transportation.

November 14, 2016

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