Mixed-Use

F.N.B. Corp. to Anchor 22-Story Mixed-Use Tower in Downtown Raleigh

by John Nelson May 24, 2017

RALEIGH, N.C. — F.N.B. Corp., parent company of First National Bank, has signed on as the anchor tenant of a planned 22-story office and residential tower at 501 Fayetteville St. in downtown Raleigh. Named FNB Tower, the project will feature 150,000 square feet of Class A office space, 240 residential units and street-level retail space, including a branch of First National Bank. F.N.B. Corp. will occupy more than 40,000 square feet of office space with options to expand to accommodate future growth. The developer, Dominion Realty Partners, is aiming for FNB Tower to be LEED Platinum-certified. The groundbreaking for FNB Tower will take place this December, with delivery anticipated by the summer of 2019. CBRE | Raleigh will handle FNB Tower’s office and retail leasing responsibilities, and Dominion Realty will manage the property once complete. Gregg Broujos and Kathy Gigac of Colliers International and David Thor of JLL represented F.N.B. Corp. in the lease transaction.

May 24, 2017

Arizona Mixed-Use Office Retail Western

HFF Arranges $26M Sale of Mixed-Use Development in Scottsdale

by Nellie Day May 23, 2017

SCOTTSDALE, ARIZ. — HFF has arranged the $26 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development located in Scottsdale. The property is home to retail and office tenants including Capital Consultants Management, Company Nurse, Phoenix Photonix, Zipps Sports Grill, Twisted Grove, Melting Pot and Grassroots Kitchen. CJ Osbrink and Derreck Barker of HFF marketed the property on behalf of the seller, Village at Hayden LLC, which is a partnership between AEW Capital Management L.P. and The Muller Co. HFF also procured the buyer, Arizona Partners.

May 23, 2017

Mixed-Use South Carolina Southeast

MetLife Real Estate Provides $50M Refinancing for The Cigar Factory in Charleston

by John Nelson May 23, 2017

CHARLESTON, S.C. — MetLife Real Estate has provided a $50 million loan for the refinancing of The Cigar Factory, a historic redevelopment project located at 701 E. Bay St. in downtown Charleston. The mixed-use project spans five stories and features 50,000 square feet of retail space and 150,000 square feet of office space. The Cigar Factory’s office tenants include JLL, KSQ Design, Patterson Real Estate Advisory Group, The Shopping Center Group, Lee & Associates Charleston, Garden & Gun Magazine, SnapCap and ServisFirst. Retail tenants include Fritz Porter, KOKO FitClub, Mercantile & Mash and Trunk Club, as well as event space called The Cedar Room. MetLife Real Estate provided the fixed-rate loan with a 20-year amortization schedule to the owner, a joint venture between Federal Capital Partners (FCP), Wecco Development and Weaver Capital Partners LLC. The joint venture purchased the vacant project in April 2014 and is using the refinancing to replace construction financing, which was provided by PNC Real Estate. FCP provided mezzanine debt and equity in the joint venture’s original purchase. Patterson Real Estate Advisory Group arranged the permanent loan with MetLife, as well as the original construction financing with PNC Real Estate and the partnership with FCP.

May 23, 2017

District of Columbia Mixed-Use Retail Southeast

Wegmans to Anchor Former Fannie Mae Headquarters Redevelopment in D.C.

by John Nelson May 23, 2017

WASHINGTON, D.C. — Roadside Development and North America Sekisui House LLC (NASH) have inked a deal with supermarket chain Wegmans to anchor the redevelopment of the former Fannie Mae headquarters at 3900 Wisconsin Ave. in Washington, D.C. The redevelopment includes the original brick buildings that were constructed by Equitable Life Co. in 1958 and 1962, as well as nearly 10 acres surrounding the buildings. The redevelopment will feature retail, residential, cultural arts, hospitality and commercial space. The development team includes Shalom Baranes Associates and Michael Vergason Landscape Architects. A timeline for the project has yet to be announced.

May 23, 2017

Florida Mixed-Use Office Retail Southeast Top Stories

Hines to Develop 600,000 SF Mixed-Use Tower in Downtown Miami

by Katie Sloan May 23, 2017

MIAMI — Hines is set to break ground on 110 10th Street, a 45-story, 600,000-square-foot mixed-use tower located within Miami Worldcenter, a 27-acre development in downtown Miami. The tower will be the first Class A office building of scale constructed in Miami’s Central Business District in eight years, and will offer a mix of office space and retail. The project is located directly adjacent to Miami Worldcenter’s 360,000-square-foot retail promenade. “More companies are moving to downtown Miami each day and existing brands are expanding here,” says Nitin Motwani, managing principal for the master developer of Miami Worldcenter, Miami Worldcenter Associates. “An office tower at Miami Worldcenter will offer tenants a chance to be in a mixed-use setting that’s centrally located, walkable and connected.” New Haven, Conn.-based architecture firm Pickard Chilton Associates was chosen to design the building, which will feature three indoor/outdoor terraces. Construction on the first phase of Miami Worldcenter began in 2016, including a 60-story Paramount luxury multifamily community and retail space. Construction on 110 10th Street is expected to begin in the second quarter of 2018, with initial occupancy occurring in late 2020. Hines has been active in the Florida real estate market since 1982 with the development of …

May 23, 2017

Illinois Midwest Mixed-Use

CIM Group Acquires Two Mixed-Use Buildings in Chicago’s Wicker Park

by Kristin Harlow May 22, 2017

CHICAGO — CIM Group has acquired two newly constructed buildings in Chicago’s Wicker Park for an undisclosed price. Built in 2016, 1643 N. Milwaukee Ave. is a mixed-use property comprising, residential, office and retail space. 1237 N. Milwaukee Ave., a mixed-use property consisting of residential and retail space, just received a certificate of occupancy. Together, the buildings include 96 apartment units, 23,000 square feet of street-level retail space and 17,400 square feet of office space.

May 22, 2017

Georgia Mixed-Use Southeast

Colliers Brokers $21.2M Sale of 223,251 SF Business Park in Alpharetta

by John Nelson May 22, 2017

ALPHARETTA, GA. — Colliers International has brokered the $21.2 million sale of Mansell Commons Business Park, a nine-building, 223,251-square-foot business park located along Mansell Road in Alpharetta. The project includes office, showroom, retail and warehouse space. Roswell, Ga.-based Mimms Investment purchased the property from Atlanta Property Group LLC. Dennis Mitchell and Matt Wirth of Colliers represented the seller in the transaction.

May 22, 2017

Mixed-Use Top Stories Washington Western

Oakpointe, Presidio to Develop $670M Mixed-Use Community in Covington, Washington

by Kristin Harlow May 19, 2017

COVINGTON, WASH. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million mixed-use community in Covington, approximately 30 miles south of Seattle. Located at Highway 18 and Southeast 256th Street, the 214-acre master-planned community will include an 850,000-square-foot entertainment and lifestyle center, a 130-room hotel and up to 1,500 single-family and multifamily residences. The developers plan to break ground in early 2018. KTGY Architecture + Planning designed the centerpiece of the community, a peninsula extending into a 20-acre lake with retail shops, restaurants, single-family and multifamily homes, a pavilion park, open space and trails. “We are thrilled the City of Covington was so receptive to the overall vision and design of LakePointe,” says Brian Ross, CEO of Oakpointe Communities. “We are already in lease discussions with a variety of prospective tenants including major retailers, a multiplex theater, restaurants, outdoor cafés and coffee shops, wine bars and breweries, soft good retailers, specialty and boutique retailers as well as a gourmet grocer.” Kirkland, Wash.-based Oakpointe Communities is a land and commercial development company. Presidio Residential Capital, based in San Diego, provides capital in the …

May 19, 2017

Loans Mixed-Use Multifamily New York Northeast Retail

Madison Realty Capital Provides $53.5M Loan for NYC Mixed-Use Development

by Haisten Willis May 18, 2017

NEW YORK CITY — Madison Realty Capital (MRC) has provided a $53.5 million first mortgage loan for the acquisition of a 90,000-square-foot development site located on Metropolitan Avenue and Graham Avenue in the Williamsburg neighborhood of Brooklyn. SL Development acquired the property, which operated as an umbrella factory since 1933. The financing also will also fund the conversion of the asset into a mixed-use property. Upon completion, the development will include 69 residential condominiums with 18 parking spaces and 20,000 square feet of retail. Rawlings Architects designed the project, which will also feature a resident gym and a roof deck. Construction is expected to begin this month and be completed in July 2019. Aaron Appel, Michael Diaz and Alex Witt from Jones Lang LaSalle sourced the deal to MRC and represented the borrower in the transaction.

May 18, 2017

Illinois Midwest Mixed-Use

McShane Completes 84-Unit Mixed-Use Property in Chicago

by Kristin Harlow May 17, 2017

CHICAGO — McShane Construction Co. has completed Clybourn 1200, an 84-unit mixed-use property in Chicago’s Old Town neighborhood. The seven-story building is located at the corner of Clybourn Avenue and Division Street and offers mixed-income housing. The property is within walking distance to several shops, restaurants and entertainment options as well as the CTA Clark/Division Red Line Station. The infill site is also easily accessible to the Kennedy Expressway. Clybourn 1200 also features 17,000 square feet of ground-floor retail space and a 25,295-square-foot parking garage. Studio, one-, two- and three-bedroom floor plans are available. Amenities include a community room, computer lab, party room and fitness center. The rooftop features a vegetable garden and bee keeping area. Brinshore-Michaels was the developer, while Pappageorge Haymes Partners served as the project architect.

May 17, 2017

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