Mixed-Use

Penzance Receives Approval for 970,000 SF Mixed-Use Development in Arlington, Virginia

by Abby Cox July 25, 2025

ARLINGTON, VA. — Penzance, a locally based commercial real estate development and management firm, has received approval from Arlington County for a proposed three-tower, luxury mixed-use development in Arlington’s Rosslyn district. Dubbed One Rosslyn, the new development will deliver more than 970,000 square feet of rental apartments, for-sale residential condominiums and retail space along Gateway Park, which will replace the current Rosslyn Gateway office buildings. Upon completion, One Rosslyn will deliver a total of 845 residential units. Penzance is developing the project in partnership with Boston-based investment manager The Baupost Group. STUDIOS Architecture and Hickok Cole collaborated to design the three-tower composition. One Rosslyn’s south tower will stand the tallest at 300 feet, while delivering 461 residences across 434,000 square feet. The northwest apartment tower, which is the second tallest building, will span 356,000 square feet and include 311 rental units. Lastly, the project’s northeast tower will offer 73 for-sale condominiums across 195,000 square feet. Residents will also have access to a private, 30,000-square-foot landscaped terrace overlooking Gateway Park. Additionally, the ground level will provide more than 14,000 square feet of curated retail space along all four blocks of the property. Designed to enhance walkability and encourage multimodal transportation, public spaces …

July 25, 2025

Company News Georgia Mixed-Use Multifamily Southeast

Hunt Cos. Acquires Majority Interest in Carter

by John Nelson July 22, 2025

EL PASO, TEXAS AND ATLANTA — Hunts Cos. Inc. has acquired a controlling interest in Carter, a mixed-use and residential real estate investment and development firm based in Atlanta. The El Paso-based firm is acquiring the majority stake in Carter and buying out longtime CEO and chairman Bob Peterson, who has subsequently announced his retirement. Current CEO and president Scott Taylor will continue to oversee the day-to-day operations at Carter post-acquisition. Terms of the transaction were not released. The partnership aims to grow Carter’s banking relationships, expand the company’s mixed-use development platform and secure additional investment opportunities in key markets. Hunt Cos. and Carter have previously collaborated on Prospect Lake Wire, a 22-acre mixed-use development underway in Lakeland, Fla., and for The DeSOTA, a luxury apartment development in Sarasota, Fla.

July 22, 2025

Development Mixed-Use Texas

Janapriya Group Breaks Ground on 22-Acre Mixed-Use Project in Fulshear, Texas

by Taylor Williams July 21, 2025

FULSHEAR, TEXAS — The U.S. subsidiary of Indian development and investment firm Janapriya Group has broken ground on a 22-acre mixed-use project in Fulshear, a western suburb of Houston. Designed by Kirksey Architecture, Fulshear Central will feature approximately 130,000 square feet of retail, restaurant and office space, as well as open green space and walking trails. Completion is slated for early 2026.

July 21, 2025

Georgia Loans Mixed-Use Southeast

CCI Real Estate Obtains $67M in Construction Financing for Mixed-Use Community at University of Georgia

by Abby Cox July 18, 2025

ATHENS, GA. — CCI Real Estate has obtained $67 million in construction financing for the redevelopment of the Baptist Collegiate Ministries (BCM) building at the University of Georgia (UGA) in Athens. Affinius Capital provided financing for the mixed-use redevelopment project. New South Construction will serve as the general contractor on the project, which is slated for completion by June 2027. Dubbed 290 Lumpkin, the eight-story development will serve as the new location for UGA BCM and will offer 240 residential units that will feature one- and two-bedroom apartments. Amenities will include a 356-space parking deck, rooftop deck, student lounge, offices and new ministry spaces that can accommodate more than 500 people. Additionally, the ground floor will include retail space, a coffeehouse and a fitness center. Originally housed at 450 S. Lumpkin St., BCM has been active on UGA’s campus since 1961. CCI is also redeveloping the BCMs at the Georgia Institute of Technology in Atlanta, as well as Georgia Southern University in Statesboro, Ga.

July 18, 2025

Acquisitions Development Maryland Mixed-Use Multifamily Retail Southeast

EYA Buys Vacant Shopping Center in Metro D.C., Plans Residential Conversion

by John Nelson July 17, 2025

ROCKVILLE, MD. — Locally based EYA has purchased Rockshire Village Center, a long-vacant shopping center located on a 7.3-acre site in Rockville, a suburb of Washington, D.C. The firm plans to convert the retail center into a walkable residential neighborhood comprising 60 residential units (31 single-family detached homes and 29 townhomes), as well as 5,200 square feet of commercial/retail space and a community gathering space. Fifteen percent of the residences will be designated as moderately priced dwelling units. Public features of the new neighborhood will include a park, playground, open lawn with seating and recreation areas, pedestrian-friendly streetscape with connections to Rockshire Community Pool and the Carl Henn Millennium Trail, 29 parking spaces for the pool and sitewide landscaping. EYA plans to begin construction in August, with final completion planned for 2027.

July 17, 2025

Development Mixed-Use Texas

Keystone Group, Larkspur Capital Underway on $1.7B Mixed-Use Redevelopment in Fort Worth

by Taylor Williams July 11, 2025

FORT WORTH, TEXAS — A partnership between two locally based developers, Keystone Group and Larkspur Capital, is underway on Westside Village, a $1.7 billion mixed-use redevelopment project in Fort Worth. The 37-acre site is an assemblage of parcels that includes the former home of the Fort Worth Independent School District. Plans currently call for 880,000 square feet of office space, 238,000 square feet of retail, restaurant and entertainment space, 1,785 multifamily units and a 175-room hotel, all of which will be developed over four phases. Demolitions of multiple existing buildings on the site are now complete, and the project team has successfully rezoned about half the acreage. In addition, the first office and multifamily buildings within the development are now in the design phase, and construction of both buildings is expected to begin before the end of the year. Negotiations with several retailers are also underway, with construction of those individual buildings also slated to commence before the end of the year.

July 11, 2025

Florida Leasing Activity Mixed-Use Southeast

L&L Holding, Oak Row Equities Secure 75,000 SF Office Lease Expansion with Amazon in Miami

by Abby Cox July 11, 2025

MIAMI — L&L Holding Co. and Oak Row Equities have secured a lease expansion with Amazon at Wynwood Plaza, a 1 million-square-foot mixed-used development located within Miami’s Wynwood Arts & Entertainment District. The lease expansion — which will total more than 75,000 square feet — builds on Amazon’s original agreement in January to lease 50,333 square feet at the campus. Bryan Lapidus of L&L Holding, as well as Andrew Trench, Edward Quinon and Brian Gale of Cushman & Wakefield, represented Wynwood Plaza’s ownership in the lease negotiations. Tom Capocefalo and Mike Catalano of Savills represented Amazon. Wynwood Plaza’s office tower totals 266,000 square feet with a dedicated second-floor amenity hub that includes a fully equipped fitness center with showers and lockers, a golf simulator and conference rooms. Additional offerings include a landscaped rooftop with flexible seating options and shaded areas, a 25-foot grand lobby, air filtration systems, destination dispatch elevators with touchless entry and an onsite parking garage.

July 11, 2025

Acquisitions Mixed-Use New York Northeast

Cushman & Wakefield Brokers $31M Sale of Mixed-Use Property in Roslyn, New York

by Taylor Williams July 10, 2025

ROSLYN, N.Y. — Cushman & Wakefield has brokered the $31 million sale of a mixed-use property in Roslyn, located on Long Island in Nassau County. Built in 2016, Roslyn Lumber Yard comprises 25 luxury residential duplex units and 60,648 square feet of retail space. Retail tenants include the Roslyn Salt Cave, Bout Boxing & Fitness, Northeast Financial Network and Great Shapes Swimwear. Rob Kuppersmith, Dan Abbondandolo, Joegy Raju and Victor Little of Cushman & Wakefield represented both the seller, developer Lumber Earth Realty, and procured the buyer, GB Family Holdings, in the transaction.

July 10, 2025

Development Loans Mixed-Use Texas Top Stories

Hunt Realty, Karahan Receive $425M Construction Loan for Fields West Mixed-Use Development in Frisco, Texas

by Taylor Williams July 10, 2025

FRISCO, TEXAS — A partnership between Hunt Realty Investments and The Karahan Cos. has received a $425 million construction loan for Fields West, a 55-acre mixed-use project in Frisco, a northern suburb of Dallas. A consortium of Bank of America, J.P. Morgan Chase and Prosperity Bank provided the financing. Additionally, as part of the development agreement, the City of Frisco recently sold $70 million in municipal bonds as its contribution to the financing of Fields West. Fields West, which was announced in 2022 as a $2 billion development, will be an urban village within the 2,500-acre Fields master-planned community. Plans currently call for 350,000 square feet of shopping, dining and entertainment space and 325,000 square feet of Class A office space. Gensler is the master plan architect of the development. Construction of the retail, restaurant and entertainment space is now underway. The opening of this element of the project will be staggered between the third quarter of 2027 and into 2028. That space is 70 percent preleased to a variety of national brands, boutique retailers and first-to-market operators, such as Bloomie’s (a Bloomingdale’s concept), Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora and Williams Sonoma. On the restaurant front, concepts …

July 10, 2025

Development Georgia Mixed-Use Southeast

Geosam Capital Receives Approval for 1,300-Acre Master-Planned Development in Metro Atlanta

by John Nelson July 9, 2025

HENRY COUNTY, GA. — Geosam Capital, a family-owned residential and commercial real estate development firm, has received final zoning and development agreement approval from the Henry County Board of Commissioners for The Grove. The nearly 1,300-acre master-planned community will feature more than 6,000 residential units and 2 million square feet of commercial and retail space, as well as 150 acres of greenspace, 35 pocket parks and eight miles of trails. Geosam Capital plans to build The Grove across multiple phases, beginning with road improvements from the Georgia Department of Transportation (GDOT), water and wastewater upgrades and the first residential lots. The construction timeline was not released. The development will be situated 22 miles from Hartsfield-Jackson Atlanta International Airport and near EchoPark Speedway.

July 9, 2025

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