APOPKA, FLA. — Wyld Oaks, a 255-acre mixed-use development underway in Central Florida, has announced new additions to its “co-creator” team. The project is located at the intersection of State Road 429/Western Beltway and West Kelly Park Road in Apopka. The company has added AdventHealth, a health system that operates 17 hospitals and freestanding emergency rooms, to the mix at Wyld Oaks. Other new additions include homebuilder Onx Homes and a retail market dubbed Wyld Provisions. “Having world-class organizations like AdventHealth, Onx Homes and Wyld Provisions join our community validates our position as Central Florida’s premier destination for forward-thinking partners who recognize the unique opportunity to be part of something transformative,” says Joseph Beninati, founder of Wyld Oaks.
ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …
HEBER VALLEY, UTAH — Angstrom Development Group has announced plans for The Slope, a new mixed-use resort project in Heber Valley, roughly 50 miles southeast from Salt Lake City International Airport. Situated along the Provo River, the development will feature an 86-room resort and more than 100,000 square feet of retail space. The Slope will also include 200 hotel-branded residences, which will be available for purchase or for short-term rentals. Residences at the project will be fully furnished, with rentals operated by the hotel brand’s professional management program. In addition to two- and three-bedroom condos located within the hotel, residential units will include four-bedroom, multistory villas. The villas will feature expansive patios and rooftop decks with hot tubs and saunas. Waterways, bike paths and pedestrian alleys will connect the development, and the resort will offer access to skiing, mountain biking, hiking trails, golfing and boating. Austin, Texas-based Angstrom Development Group develops high-end residential, mixed-use and resort projects across premier markets. — Hayden Spiess
ASHEVILLE, N.C. — An affiliate of Lone Star Funds has sold The Lofts at Reynolds Village, a mixed-use development located at 61 N. Merrimon Ave. in Asheville. The property includes 201 apartments and 63,000 square feet of ground-level retail space. Baltimore-based Continental Realty Corp. is purchasing the property from Lone Star Real Estate Fund VI LP for an undisclosed price. Walker & Dunlop represented Lone Star, which structured the deal as a sale of REIT stock, in the transaction. Built in 2010, The Lofts at Reynolds Village features one-, two- and three-bedroom apartments, as well as a pool, onsite property manager, business center, lounge, sauna and a spa, according to Apartments.com.
STRAWN, TEXAS — An entity doing business as Big Bear Partners LP has begun construction on Phase I of an 80-acre mixed-use project in Strawn, about 75 miles west of Fort Worth. The larger development will be known as Big Bear Crossing, and the first phase, which will be known as Big Bear Travel Center, will feature hospitality, retail and industrial uses, as well as an RV park and a 12,000-square-foot fueling station. Completion of Phase I is slated for next summer. Avison Young is marketing various parcels of Big Bear Crossing for sale and build-to-suit development opportunities.
SAN FRANCISCO — PSRS has arranged $7.5 million in refinancing for Vista Retail in San Francisco. The four-story, 28,498-square-foot building offers creative office space and ground-floor retail space. The office portion has high ceilings, ample natural light, HVAC and operable windows. Dave Semmer of PSRS secured the nine-year loan, which features a 50 percent loan-to-value ratio and an interest-only term.
DECATUR, GA. — Northwood Ravin plans to develop Halo, a 370-unit luxury apartment community in Decatur. The Charlotte-based developer plans to deliver first units next April and fully finish the five-story development by January 2027. Situated in the city’s East Decatur neighborhood, Halo will offer a mix of one-, two- and three-bedroom apartments, as well as retail and plaza space and live-work units with street-level entrances. Northwood Ravin is partnering with Eric Carlton of Oakhurst Realty Partners on the retail tenant mix. The first confirmed retail tenant is Galore Market, a neighborhood market concept from the creators of O4W Market near Krog Street Market. Planned amenities at Halo include a rooftop pool, more than 3,000 square feet of fitness space, including a private yoga studio and exercise room, gaming lawn, pergola with covered seating, outdoor movie projector, fire pit, a hidden bar with full service and surprise cocktail events, sports bar, golf simulator, pet spa and a community coworking club with an embedded coffee shop.
RONKOKOMA, N.Y. — Greystone has provided a $166.2 million Freddie Mac permanent loan for The Core at Station Yards, a mixed-use property in Ronkokoma, located on Long Island. The Core at Station Yards, which is situated within the 2 million-square-foot Station Yards development, comprises 388 apartments and roughly 83,500 square feet of retail and office space. Drew Fletcher, Jesse Kopecky and Bryan Grover of Greystone originated the financing on behalf of the borrower, a partnership between TRITEC Real Estate Co. and The Olayan Group. The loan was structured with a 10-year term and a fixed interest rate.
CASTLE ROCK, COLO. — Platinum Commercial Real Estate has arranged the acquisition of 600 and 695 Jerry Street in Castle Rock. PYFR LLC purchased the asset from RA Morrison LLC for $6.4 million. The property comprises a 25,380-square-foot, four-story mixed-use building and a 4,850-square-foot single-tenant restaurant. At the time of sale, the property was 93.7 percent occupied. Paul Cattin of Platinum CRE represented the buyer, while Campbell Davis, Parker Brown and Matthew Henrichs of CBRE represented the seller in the deal.
NEW YORK CITY — Marcus & Millichap has brokered the $6.7 million sale of a mixed-use property in Manhattan’s Chelsea neighborhood. The site at 223 W. 29th St. offers a redevelopment opportunity and is zoned for 20,815 buildable square feet of residential development. Colton Traynham, Matt Fotis and Michael Weinstein of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.