Mixed-Use

Realty Capital Management Sells Mixed-Use Building in Colleyville

by Haisten Willis October 27, 2015

COLLEYVILLE, TEXAS — Realty Capital Management has sold a 43,000-square-foot mixed-use building located at 5232 Colleyville Blvd. in Colleyville. The buyer, Colleyville Lofts Venture, was a 1031 exchange buyer from New York. The three-story building includes 30 apartments on the upper floors and commercial space on the ground floor occupied by Colleyville Family Medicine, an affiliate of the Baylor Scott & White Health Network. The building, known as The Lofts in Colleyville, is part of the larger 26-acre mixed-use project known as The Village at Colleyville, which was developed by Realty Capital in 2002. Mark Boone represented Realty Capital internally. Bard Hoover of Marcus Millichap represented the buyer.

October 27, 2015

Illinois Midwest Mixed-Use

Fifield Cos. Breaks Ground on 35-Story Luxury Apartment Tower in Chicago

by Christina Cannon October 27, 2015

CHICAGO — Fifield Cos. has broken ground on The Sinclair in Chicago’s Gold Coast neighborhood. The 390-unit, transit-oriented luxury apartment tower — which will also include a grocery store — is slated for completion in the summer of 2017. The 35-story building will offer studio, one-, two-, three- and four-bedroom residences, with individual units ranging from 550 to 2,500 square feet. Unit amenities include plank flooring, quartz countertops, glass tile backsplashes, Grohe faucets, GE stainless steel appliances, Nest programmable thermostats and in-unit washers and dryers. Community amenities include a pool and spa, cabanas and grilling areas, a fitness club with yoga studio, a screening room, a demonstration kitchen and party room, a Starbucks coffee bar, business center, conference room and children’s playroom stocked with toys and games. The building will also include a 55,000-square-foot retail space leased by Jewel-Osco. The Sinclair will be located adjacent to the Chicago Transit Authority’s Red Line station at Clark and Division streets and serviced by several CTA buses. Solomon Cordwell Buenz is the building’s principal architect and interior designer. McHugh Construction will serve as the general contractor for the project.

October 27, 2015

Georgia Mixed-Use Southeast

RocaPoint Partners, Georgetown Co. to Build $370M Mixed-Use Development in Metro Atlanta

by John Nelson October 27, 2015

ALPHARETTA, GA. — RocaPoint Partners and New York-based The Georgetown Co. have closed on the land purchase for HALCYON, a $370 million mixed-use development in Forsyth County. The new development will be located directly off Georgia 400’s Exit 12 on McFarland Parkway in Alpharetta. A groundbreaking is scheduled for January 2016, and the grand opening is set for fall 2017. Phase I plans include 125,000 square feet of retail space. Leased by JLL, HALCYON’s commercial village will include a movie or entertainment venue, gourmet market, outdoor outfitter, up to 10 local and regional full-service and fast-casual restaurants, a boutique fitness club and service retail. Up to 65,000 square feet of loft offices and built-to-suit spaces are included in Phase I of the village, as well as a 110-room hotel developed by Tharaldson Hospitality and a trailhead for Big Creek Greenway, a 9.6-mile paved recreation trail and linear park in Forsyth County. When complete, HALCYON will have two hotels, more than 360,000 square feet of office and retail space and two miles of nature trails. RocaPoint has partnered with Monte Hewett Homes and Edward Andrews Homes to develop HALCYON’s for sale residences, which include 87 single-family units and 155 townhomes with …

October 27, 2015

California Mixed-Use Office Western

ASB, Blatteis & Schnur Break Ground on At Mateo Mixed-Use Project in Los Angeles

by Nellie Day October 27, 2015

LOS ANGELES — ASB Real Estate Investments and Blatteis & Schnur have broken ground on At Mateo, an $80 million mixed-use project in downtown Los Angeles. The project will be located at the corner of Palmetto and Mateo streets in the Arts District. At Mateo will include nearly 125,000 square feet of open-air retail and 50,000 square feet of creative office space that will be situated in four buildings on a former 3.5-acre industrial site. It will be designed with re-purposed materials, including bricks, cobblestones and laminated beams, as a homage to the Arts District. The project will eventually include 30 to 35 chef-driven restaurants, eateries, boutiques and retail stores. At Mateo is scheduled for completion in the fourth quarter of 2016. Architect Keith Ray master planned the development.

October 27, 2015

Loans Mixed-Use Multifamily New York Northeast Retail

HFF Arranges $200M for Acquisition and Pre-Development for 151 East 60th Street in Manhattan

by Jaime Lackey October 27, 2015

NEW YORK CITY — Holliday Fenoglio Fowler LP (HFF) has secured $200 million in financing for the acquisition and pre-development of a 19,684-square-foot development site at 151 East 60th St., which is located at Lexington Avenue across from Bloomingdale’s in Manhattan. The undeveloped parcel has zoning square footage that will accommodate up to 350,000 square feet; development is slated to begin in March 2017. Working on behalf of Kuafu Properties, HFF placed the floating-rate loan with Mack Real Estate Credit Strategies. Loan proceeds will facilitate the purchase of the fee simple interest in the property and fund pre-development costs towards construction of a luxury residential tower with approximately 40,000 square feet of retail space. Christopher Peck and Jay Marshall led HFF’s debt placement team.

October 27, 2015

Massachusetts Mixed-Use Multifamily Northeast Retail

WS Development Acquires 12.5 Acres in Boston’s Seaport District

by Jaime Lackey October 26, 2015

BOSTON — WS Development has acquired a 12.5-acre parcel that spans 10 city blocks and is slated to include 2.8 million square feet of residences, offices, hotels, retail, parks, and community space in Boston. Morgan Stanley and Boston Global Investors (BGI) — long-time development partners of WS Development — sold the parcel for $359 million. The land is located along Seaport Boulevard, Congress Street, and Summer Street. WS Development owns 500,000 square feet of retail on seven adjacent blocks. WS will work with the City of Boston and BGI, which will continue to provide urban planning services, to develop the space.

October 26, 2015

District of Columbia Hospitality Mixed-Use Multifamily Southeast

Lima Hotels to Develop Mixed-Use Project in Downtown D.C.

by Haisten Willis October 26, 2015

WASHINGTON, D.C. — Lima Hotels, a new company established by developer Habte Sequar, plans to develop a 14-story hotel and apartment building in downtown Washington, D.C. The high-rise property will be located at 317 K St. N.W. at the corner of 4th and K streets in the Mount Vernon Triangle neighborhood in Washington’s East End district. A small commercial building and auto body shop on the site will be demolished. The project will feature 200 hotel rooms on the first 11 floors and 30 apartment units on floors 12 through 14. Lima Hotels has selected PGN Architects and Gordon & Greenberg to co-design the project.

October 26, 2015

Georgia Mixed-Use Southeast

NAP Signs Eight New Retailers, Restaurants to Avalon in Alpharetta

by John Nelson October 23, 2015

ALPHARETTA, GA. — North American Properties (NAP) has signed eight new retailers and restaurants to join the tenant mix at Avalon, an 86-acre, $600 million mixed-use development in Alpharetta, an affluent northern suburb of Atlanta. The new tenants include Madewell, Peter Millar, Branch and Barrel, AYA Med Spa, Café Intermezzo, Farm to Ladle, The Container Store and Parisian Nail Salon. Phase I of Avalon’s retail space is now 98.1 percent leased. Madewell has recently opened its new store and Peter Millar plans to open its store before the holiday season. The other retailers and restaurants are slated to open by spring 2016. Phase II of Avalon is expected to bring 80,000 additional square feet of retail, 500,000 additional square feet of office, 276 luxury multifamily units, a 325-room hotel and a 65,000-square-foot conference center.

October 23, 2015

Midwest Missouri Mixed-Use

Opus Group Plans 120-Unit Mixed-Use Facility in St. Louis Suburb

by Christina Cannon October 23, 2015

CLAYTON, MO. — The Opus Group and AIG Global Real Estate have unveiled plans to build a six-story, mixed-use building in the downtown business district of Clayton, a western St. Louis suburb. The project will feature five stories of residential units. The units will be a mix of studio, alcove, one- and two-bedroom apartments. The ground level will consist of 13,000 square feet of retail space. Amenities will include a Fitness On Demand studio, secure bike storage, a rooftop terrace, clubroom, game room and a fire pit/grill area. Opus Development Company LLC will be the developer, and Opus Design Build LLC will be the design-builder. Opus AE Group LLC will be the engineer and project architect. Construction will begin late this year, and completion is slated for March 2017.

October 23, 2015

Alabama Mixed-Use Southeast

Retail Specialists Opens 79 Commerce Mixed-Use Project in Montgomery

by John Nelson October 22, 2015

MONTGOMERY, ALA. — Retail Specialists LLC has opened 79 Commerce, a mixed-use development comprising apartment units and retail space in downtown Montgomery. The property is located on Bibb Street across from the Montgomery Convention Center. The project features 54 Class A apartment residences and 15,800 square feet of ground-floor retail space. Mellow Mushroom, a pizza eatery chain, plans to open its new restaurant at the development by the first quarter of 2016. Retail Specialists developed the project and is leasing and managing the project’s retail portion. Partners Realty is managing and leasing the residential portion of 79 Commerce. The design team includes architect Live Design Group, general contractor Brasfield & Gorrie and engineer Goodwyn, Mills and Cawood. Golden Bell Capital, a REIT based in Birmingham, and Iberia Bank provided construction financing.

October 22, 2015

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