Tuesday, November 26, 2024
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Mixed-Use

Affordable HousingDevelopmentFloridaLeasing ActivityMixed-UseMultifamilyOfficeRestaurantRetailSeniors HousingSoutheastTop Stories

SG Holdings Completes Leasing at $350M Mixed-Use Development in Miami, Plans Summer Opening

by John Nelson

MIAMI — SG Holdings has completed leasing at Sawyer’s Walk, a 3.4-acre mixed-use development underway in Miami’s Overtown neighborhood. The project, which will feature retail space, offices and affordable housing for seniors, is set to open this summer. SG Holdings is a partnership comprising Swerdlow Group, SJM Partners and Alben Duffie. The development team broke ground on Sawyer’s Walk in summer 2021. The development costs were not disclosed, but the Miami Herald reported the price tag hovers around $350 million. “The anticipated delivery of our mixed-use development will serve as an economic catalyst for Overtown, with the creation of over 1,000 quality jobs, the opening of a new full-service supermarket and mix of national retail stores that will serve the immediate community and surrounding neighborhoods,” says Michael Swerdlow, managing partner of Swerdlow Group. Sawyer’s Walk will feature 175,000 square feet of retail space. Committed tenants include Target (50,000 square feet), Aldi (25,000 square feet), Ross Dress for Less, Five Below, Tropical Smoothie Café and Burlington. MSC Group, a global cargo ship line and the world’s third-largest cruise line, purchased the property’s 130,000 square feet of office space with plans to combine its South Florida cruise and cargo operations under one roof. …

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DevelopmentGeorgiaHospitalityMixed-UseSoutheast

Jamestown Announces Details for 405-Unit Hospitality Tower at Ponce City Market in Atlanta

by John Nelson

ATLANTA — Jamestown has announced details about its 405-unit hospitality tower underway at Ponce City Market, a large-scale mixed-use development in Atlanta’s Old Fourth Ward district. The project, branded Scout Living, is part of Ponce City Market’s second phase, which also includes 619 Ponce and Signal House. The property will feature fully furnished one- and two-bedroom units for short-term and extended stays, including full kitchens, appliances and separate living and sleeping spaces. Rooftop amenities will include a pool, wellness studio, terrace, rentable livings rooms and a chef’s kitchen. Scout Living’s second floor will feature lounge, meeting and event spaces for guests. The property will also feature 12,000 square feet of retail space with 21-foot ceilings on the ground floor that will be occupied by a food-and-beverage concept and convenience shopping, as well as a courtyard that connects the property to other elements of Ponce City Market and the Atlanta BeltLine. When Phase II construction is complete, Ponce City Market will include five buildings offering more than 700,000 square feet of office space, 350,000 square feet of retail space and more than 800 residential and hospitality living units. Jamestown is aiming for all three components of Phase II to achieve LEED …

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ArizonaDevelopmentMixed-UseTop StoriesWestern

GTIS Partners, Clyde Capital Plan $250M Asante Trails Mixed-Use Project in Surprise, Arizona

by Kristin Harlow

SURPRISE, ARIZ. — A joint venture between GTIS Partners and Clyde Capital has released plans for Asante Trails, a $250 million mixed-use project in Surprise, a suburb of Phoenix. The development will feature a build-to-rent community, retail space and a medical facility, all of which will be built across 90 acres of land. In conjunction with the land acquisition, GTIS and Clyde sold 20 acres within the project site to HonorHealth, one of Arizona’s largest hospital systems, to develop the medical facility. Additionally, 45 acres will be allocated to a joint venture between Clyde and Simon CRE for the development of a multi-phase retail center. GTIS will retain the 25-acre balance of the site for build-to-rent homes. GTIS and Clyde initially pursued the property in April 2021 and took the project through a rezoning and site planning approval process as they secured entitlements. The site is 40 miles northwest of downtown Phoenix, located along North 163rd Avenue and bound by U.S. Highway 60 and Pat Tillman Boulevard. It is directly across from a 175,000-square-foot retail center and is about one mile from a Loop 303 interchange, providing convenient access to the 303 industrial corridor. “We are excited about delivering more …

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DevelopmentLeasing ActivityMixed-UseRetailSouth CarolinaSoutheast

Lowes Foods to Anchor 50-Acre Platt Springs Crossing Development in Lexington, South Carolina

by Hayden Spiess

LEXINGTON, S.C. — Lowes Foods has signed a lease to anchor Platt Springs Crossing, a 50-acre mixed-use development currently underway in Lexington, a western suburb of Columbia, S.C. The Winston-Salem-based grocer will occupy 51,000 square feet at the development. Other tenants will include Chipotle Mexican Grill, Tidal Wave Car Wash, Panda Express and Planet Fitness. An affiliate of NAI Columbia doing business as LLDC Platt Springs LF LLC is the developer of the project, which is scheduled to begin opening early next year. Ben Kelly and Patrick Chambers of NAI Columbia represented the landlord in the lease negotiations with Lowes Foods. The grocery store is scheduled to open in the third quarter of 2025.

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DevelopmentMixed-UseTexas

Craig International to Develop $6B Preston Harbor Master-Planned Development in Denison, Texas

by Taylor Williams

DENISON, TEXAS — Craig International, a locally based developer that is perhaps best known for the $5 billion Craig Ranch project in McKinney, has closed on 3,114 acres in Denison for the development of Preston Harbor, a $6 billion master-planned community. The site on Lake Texoma is located about 75 miles north of Dallas. Preliminary plans for Preston Harbor call for approximately 7,500 residential units, a resort hotel, retail, restaurants and a marina. The residential component will include single-family, active adult and multifamily uses. Plano-based Aimbridge Hospitality will develop the $100 million hotel, which will be operated under the Margaritaville brand. Steve Cook of Steve Cook & Co. and Jim Meara of Jim Meara Co. represented the sellers, entities doing business as Preston Harbor LP and Preston Harbor Homeplace LP, in the disposition of the land. Both entities are part of the estate of George Schulte, the developer who originally amassed and assembled the site. John Auletta and Kaitlyn Sogga of JTA CR Group represented Craig International. Other project partners include The Choctaw Nation of Oklahoma, Horizon Capital Partners and N9 Capital Partners. The development team is currently finalizing plans and engineering work and expects to break ground before the end …

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300-Huntington-Brooklyn
DevelopmentMixed-UseNew YorkNortheast

Monadnock Development Completes 136,000 SF Mixed-Use Project in Brooklyn

by Taylor Williams

NEW YORK CITY — Locally based firm Monadnock Development has completed 300 Huntington, a 136,000-square-foot mixed-use building in Brooklyn. Designed by Dattner Architects and Bernheimer Architecture, the building consists of 49,000 square feet of office space and 17,000 square feet of retail and restaurant space, with the remainder dedicated for various industrial uses. The development also features an 8,700-square-foot esplanade that serves as a gateway to the Gowanus public waterfront park.

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DevelopmentFloridaHospitalityMixed-UseMultifamilyRetailSoutheastTop Stories

LD&D Plans $200M Cass Square Mixed-Use Project in Tampa, Florida

by Jeff Shaw

TAMPA, FLA. — LD&D, an investment, development and design firm headquartered in Miami, has unveiled plans for its $200 million Cass Square mixed-use project in downtown Tampa. LD&D plans to break ground on Phase I of the project, a luxury multifamily tower, this summer. The 28-story multifamily building will be called DoMo at Cass Square. The high-rise community will offer 360 units, as well as more than 45,000 square feet of amenities, a 586-space parking podium and 32,500 square feet of ground-floor retail. Planned amenities include a wellness area, 10,000 square feet of co-working space, a pickleball court and a sky lounge on the 26th floor. Future phases of Cass Square will include various retail offerings and a 10-story hotel. The development will also feature a pedestrian paseo connecting the residential and hotel sections with restaurants and other retail experiences. LD&D has partnered with Dynamic Group and Marriott to develop the hotel portion, which will be a 178-key Element by Westin property. Amenities will include a fitness center with food and beverage programs and a pool. Rooms will feature double-height ceilings and windows. The developers expect to break ground on the hotel by the end of the year. LD&D acquired …

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DevelopmentKentuckyLeasing ActivityMixed-UseRestaurantRetailSoutheast

RD1 Spirts to Open 10,215 SF Distillery at The Commons in Lexington, Kentucky

by John Nelson

LEXINGTON, KY. — RD1 Spirts has signed on to join as an anchor tenant at The Commons, a 40-acre mixed-use development in downtown Lexington. The locally based bourbon brand plans to invest $4.8 million to develop the two-story distillery at 113 Turner Commons Way, which will span 10,215 square feet and include an entrance off Main Street. The venue will include outdoor seating on both levels, four private tasting rooms, a glass-enclosed research-and-development space for wood finishing for RD1’s bourbon barrels, VIP speakeasy tasting room, craft cocktail bar and a gift shop. The venue will also include an 800-gallon pot, 175-gallon pot still, 750-gallon fermenter and a 1,000-gallon mash cooker that will cumulatively produce a barrel of bourbon per week. RD1 plans to open the distillery in August and support 11 full-time employees. The project team features law firm McBrayer and engineering firm VITOK, both out of Louisville, as well as architectural and design firm Lord Aeck Sargent. Ron Hardwick, a Louisville bourbon expert and shareholder of RD1, plans to lead the distillery design at the new venue. RD1 received approval for $521,000 in incentives from the Kentucky Tourism Development Finance Authority to help finance the project. In addition to …

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Hyatt-House-Roseville-CA
CaliforniaDevelopmentHospitalityMixed-UseRestaurantRetailWestern

LRE & Co., American Hospitality Break Ground on Roseville Junction Mixed-Use Development in Roseville, California

by Amy Works

ROSEVILLE, CALIF. — LRE & Co. and American Hospitality Services have broken ground on Roseville Junction, a mixed-use development at 290 Conference Center Drive in Roseville, a suburb northeast of Sacramento. Functioning as a sports and entertainment complex in Placer County, Roseville Junction will include two select-service hotels, three restaurants, an outdoor gathering place and The Electric Pickle, which will offer a bocce ball court, 10 pickleball courts and dining venues. Caption by Hyatt Roseville will feature 112 rooms and suites, a fitness center, meeting facilities and a reimagined hotel lobby with an on-site restaurant and beverage venue, an all-day café, market and bar with a lounge and social space. Hyatt House Roseville will offer 126 rooms, including studios and one-bedroom suites, public spaces, workout spaces and a rooftop bar.

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Trilith-Live-Fayetteville
FeaturesMixed-Use

How to Revitalize Urban Landscapes Through Mixed-Use Development

by Taylor Williams

By Lamar Wakefield, senior vice president, national practice leader for mixed-use, NELSON Worldwide In recent years, urban landscapes across the globe have witnessed a transformation fueled by mixed-use development. Cities are using sports and entertainment venues in particular as anchors for sizable mixed-use projects, creating vibrant destinations that not only attract crowds but also breathe new life into previously neglected urban areas. These developments have the power to serve as economic catalysts, creating new jobs, increasing foot traffic and generating tax revenue — and it all begins with great urban design. Creating Fan & Cultural Hubs A key element of these mixed-use developments is their ability to serve as hubs for fan and cultural activity. Before and after the main events or games, these districts are central gathering places where people can live, work and play. The incorporation of multifamily, office, retail and recreational spaces fosters a sense of community, making the urban environment more dynamic and engaging. Likewise, these multifunctional spaces can be used year-round to host festivals, markets and social events. This infusion of cultural richness adds to the vibrancy of the urban environment, attracting a diverse range of residents and visitors. In metro Atlanta, The Gathering at South …

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