Mixed-Use

City of Refuge Breaks Ground on $15.2M Mixed-Use Center in West Atlanta

by John Nelson July 24, 2024

ATLANTA — Nonprofit organization City of Refuge has broken ground on its Transformation Center, a new 38,000-square-foot facility at 1343 Joseph E. Boone Blvd. on Atlanta’s west side. Scheduled to open in fall 2025, the project marks the most significant initiative within the City of Refuge “Breaking Barriers. Building Momentum.” campaign, according to the organization. Situated on the former American Legion lot near the City of Refuge campus, the $15.2 million center will comprise three stories featuring an Entrepreneurship Hub with a classroom, offices and lab; a market or grocery store; medical and mental health clinic; an onsite credit union providing financial services; and 25 multifamily residential units adjacent to the main building. The residences will include apartments in a mix of two- and three-bedroom layouts, with one four-bedroom unit. Thirteen of the units will be reserved for residents earning at or below 30 percent of the area median income (AMI). Invest Atlanta will provide a $2 million BeltLine Tax Allocation District (TAD) grant to fund the residential component. City of Refuge has also received a $3 million federal New Market Tax Credit (NMTC) through Atlanta Emerging Markets and Capital One. The Community Foundation for Greater Atlanta and TogetherATL are …

July 24, 2024

Development Industrial Mixed-Use Montana Office Retail Western

Venture West Development Underway on 196-Acre Jackrabbit Crossing Mixed-Use Project Near Bozeman, Montana

by Amy Works July 24, 2024

BELGRADE, MONT. — Venture West Development is underway on Jackrabbit Crossing, a 196-acre mixed-use project in Belgrade, roughly 10 miles northwest of Bozeman. Rosauers Supermarkets, which recently signed a long-term lease, will anchor the property. Plans for the development, which is located three miles from the Bozeman Yellowstone International Airport, also include a proposed 53,000-square-foot Amazon distribution center.

July 24, 2024

Development Illinois Midwest Mixed-Use Top Stories

Bulls, Blackhawks Owners Unveil Plans for $7B Transformation of Chicago Athletic District

by Taylor Williams July 24, 2024

CHICAGO — The owners of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks have unveiled plans for the transformation of the area around their shared venue, the United Center. The initiative is known as The 1901 Project, and development costs are estimated at $7 billion. Michael Reinsdorf, CEO of the Bulls and son of owner Jerry Reinsdorf, formally announced the project on Tuesday, July 23. The elder Reinsdorf, along with Blackhawks owner Danny Wirtz, co-owns the United Center, where both teams have played since 1994. The name is a reference to the venue’s address at 1901 W. Madison St. The 1901 Project will be privately funded by the Reinsdorf and Wirtz families and developed in phases over approximately 10 years. The areas in question span roughly 55 acres on the city’s west side. Phase I could commence as soon as next spring, pending the completion of various permitting and approvals processes. Preliminary plans call for a mix of uses, including more than 1,000 transit-oriented residential units and a new entertainment venue that can accommodate up to 6,000 people. The residential component will feature both market-rate and affordable housing units. International architecture firm RIOS will lead design and planning. The 1901 …

July 24, 2024

Development Mixed-Use Texas

Tishman Speyer, Ryan Cos. Top Out 58-Story ATX Mixed-Use Tower in Downtown Austin

by Taylor Williams July 23, 2024

AUSTIN, TEXAS — A partnership between two developers, New York-based Tishman Speyer and Minneapolis-based Ryan Cos., has topped out ATX Tower, a mixed-use tower located at 321 West St. in downtown Austin. The site is bounded by Sixth and Guadalupe streets near the Republic Square transit center. The 58-story building will house 1,000 square feet of ground-floor retail space, more than 100,000 square feet of office space, 369 apartments and 440 parking spaces. Handel Architects and Austin-based Page are designing the project, with INC Architecture & Design handling interior design. Ryan Cos. is also the general contractor. Completion is slated for late 2024. Ryan Cos. announced the project in late 2019 and broke ground in spring 2022.

July 23, 2024

Acquisitions Mixed-Use Texas

Wildcat Management Sells 4,800 SF Mixed-Use Building Near Downtown Dallas

by Taylor Williams July 23, 2024

DALLAS — Wildcat Management has sold a 4,800-square-foot mixed-use building located at 600 S. Harwood St. near downtown Dallas. The former Liberty State Bank Building is a historic structure that houses retail and office uses. Wildcat originally purchased the building for $1 and relocated the property brick-by-brick from its previous location on Elm Street. The buyer was not disclosed.

July 23, 2024

Development Loans Mixed-Use New York Northeast

Bayview PACE Provides $7M in Financing for Adaptive Reuse Project in Hudson, New York

by Taylor Williams July 19, 2024

HUDSON, N.Y. — Bayview PACE has provided $7 million in C-PACE financing for an adaptive reuse project in Hudson, about 35 miles south of Albany. Pocketbook Hudson is a conversion of the historic Pocketbook knitting mill factory dating to the 1890s into a 70,000-square-foot mixed-use property. Now under construction, the $42 million project will include a 40-room hotel, wellness center, lounge, restaurant, bar and café, as well as spaces devoted to artwork, affordable retail and nonprofit offices. Bayview’s long-term C-PACE financing for Pocketbook’s energy and resiliency components was facilitated with Energy Improvement Corp., the New York State nonprofit that administers C-PACE.

July 19, 2024

Development Hospitality Mixed-Use Multifamily Retail Texas Top Stories

Hillwood Plans 3,200-Acre Landmark by Hillwood Mixed-Use Development in Denton, Texas

by Jeff Shaw July 19, 2024

DENTON, TEXAS — Hillwood, a Perot company, has unveiled plans for Landmark by Hillwood, a 3,200-acre mixed-use project in the northern Dallas suburb of Denton. The project team includes Hillwood subsidiaries Hillwood Communities and Hillwood Properties. The plans call for 900 acres of commercial space comprising 5 million square feet of retail, hospitality and entertainment space, approximately 6,000 single-family homes and more than 3,000 multifamily units. The site, which is situated at I-35W and Robson Ranch Road, was previously known as Hunter Ranch. The parcel is one of the original land holdings purchased by the Perot family in 1987. The property encompasses Pilot Knob Hill, the highest point in Denton, according to Hillwood. Once completed, Landmark by Hillwood will offer 1,100 acres of park and open space, including Pilot Knob Hill, as well as an interconnected trail system, recreation areas and public parks. Hillwood also plans to construct a series of learning parks, which aim to promote nature education and engagement and will be open to the public. Hillwood plans to break ground on the first phase of the project this September. Phase I will comprise 747 single-family lots, with models slated to open in spring 2026. Planning and leasing are already underway …

July 19, 2024

Development Hospitality Louisiana Mixed-Use Restaurant Retail Southeast

Cordish Tops Off $270M Live! Casino & Hotel Louisiana in Bossier City

by John Nelson July 18, 2024

BOSSIER CITY, LA. — The Cordish Cos. has topped off Live! Casino & Hotel Louisiana, a $270 million hospitality and gaming entertainment complex in Bossier City. The Baltimore-based retail entertainment owner and operator broke ground on the project in December 2023. Cordish Cos. and general contractor AnderCorp finished vertical construction at the property yesterday in a ceremony that included state and local officials. Scheduled to open in first-quarter 2025, the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; a 31-site RV park; and 30,000 square feet of dining and entertainment venues, including Cordish brands Sports & Social, PBR Cowboy Bar and Luk Fu. During the topping off ceremony, Cordish also announced two other additions to the restaurant lineup: Ridotto Grand Café and The Prime Rib steakhouse. Situated along the Red River, the project is expected to create 750 new construction jobs and 750 permanent jobs. The site was formerly home to the vacant Diamond Jacks Casino & Hotel, which Cordish Cos. acquired in 2023. Live Casino & …

July 18, 2024

Development Illinois Midwest Mixed-Use

Crown Community Development Submits Plans for 760-Acre Mixed-Use Project in Sugar Grove, Illinois

by Kristin Harlow July 17, 2024

SUGAR GROVE, ILL. — Crown Community Development (CCD) has submitted its formal land development application to the Village of Sugar Grove for The Grove, a 760-acre, master-planned mixed-use project. Plans call for several housing options, a town center, over 200 acres of open space, public amenities and a variety of commercial uses. The Grove is proposed for land surrounding the I-88 and Route 47 interchange, about 45 miles west of Chicago. Named after the maple trees scattered across Sugar Grove, the new proposal for The Grove is the result of re-envisioning the plan CCD presented to the village in 2019 for the same parcel of land. The new plan includes an increase in green space and the preservation of existing tree groves, which were based on public feedback from community meetings held by CCD in 2023. As part of the land development application for The Grove’s updated master plan, which covers zoning, subdivision and annexation, CCD is proposing Planned Development District (PDD) zoning that will accommodate uses that meet market and community needs. Proposed land uses via the PDD zoning for The Grove include: multiple residential areas offering a variety of housing options, from single-family homes and active adult living …

July 17, 2024

Acquisitions Mixed-Use New York Northeast

Rosewood Realty Arranges $36M Sale of Mixed-Use Building in Midtown Manhattan

by Taylor Williams July 12, 2024

NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $36 million sale of a 112,000-square-foot mixed-use building located at 65 W. 55th St. in Midtown Manhattan. The sales price translates to a cap rate of 5.2 percent. The 13-story, elevator-served building was originally constructed in 1962 and consists of 70 apartments, 20 office suites and three retail spaces. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented both the seller, Sachs Cos., and the buyer, private investor John Choi, in the transaction.

July 12, 2024

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