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Mixed-Use

Leasing ActivityMixed-UseNorth CarolinaOfficeSoutheast

Foundry Commercial Negotiates 14,000 SF Office Lease at Savona Mill Project in Charlotte

by John Nelson

CHARLOTTE, N.C. — Foundry Commercial has negotiated a 14,000-square-foot office lease at Savona Mill, an adaptive reuse of a historic textile mill in Charlotte’s FreeMoreWest neighborhood. John Ball and Claiborne Mulhern of Foundry Commercial represented the owners, Portman Holdings and institutional investors advised by J.P. Morgan Asset Management, in the lease negotiations. Patrick McCoy and Mike Hopper of Newmark represented the tenant, BGW CPA PLLC, a business advisory and accounting firm. Construction is underway on two speculative office suites at Savona Mill totaling 15,000 square feet. Redline designed the suites and Enbloc is overseeing the build-out, which is expected to wrap up this summer. In addition to offices, Savona Mill comprises retail space and amenities including a fitness center, bike storage, conference facilities, an outdoor amphitheater, green spaces, a rooftop deck and a community-centric plaza. Portman Residential also recently delivered Vera at Savona Mill, a 319-unit multifamily development situated adjacent to Savona Mill.

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DevelopmentDistrict of ColumbiaMixed-UseMultifamilySoutheastTop Stories

Akridge, National Development Complete Phase I of Stacks Mixed-Use Project in D.C.

by Kristin Harlow

WASHINGTON, D.C. — Akridge and National Real Estate Development have opened Colette and Everly, two luxury apartment buildings within The Stacks in the Buzzard Point neighborhood of Washington, D.C. With these openings, the mixed-use project’s first phase is now complete. Phase I of The Stacks totals nearly 1 million square feet and includes 1,116 multifamily units, more than 90,000 square feet of amenity spaces across three apartment buildings, roughly 22,000 square feet of public parks, approximately 40,000 square feet of retail space and 11,000 square feet of coworking space. First move-ins at Colette and Everly are slated for this month. The two buildings total 732 units. “Everly and Colette provide residents with some of the best water views in the region, as well as convenient access to the best of D.C., including The Wharf, Navy Yard and downtown,” says Adam Gooch, managing principal and chief development officer at Akridge. “Between these two new residential towers and their sister building, The Byron, which opened earlier this year, The Stacks offers three distinctive luxury living options to match residents’ needs.” Architecture firm Gensler designed Everly and was the broader design coordinator of The Stacks. Everly features 413 apartment units within a 14-story …

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DevelopmentLeasing ActivityMixed-UseRestaurantRetailSoutheastVirginia

Hoffman & Associates Signs Four New Restaurants to Join West Falls Mixed-Use Project in Metro D.C.

by John Nelson

FALLS CHURCH, VA. — Hoffman & Associates has signed four new restaurant concepts to join the tenant roster at West Falls, a 10-acre mixed-use development in Falls Church, roughly 10 miles west of Washington, D.C. The new eateries include Ice Cream Jubilee, BurgerFi, Honoo Ramen Bar and Dok Khao. These restaurants will join other West Falls tenants that are now open, including Mason’s Famous Lobster Rolls, Chase Bank, Tierra Encantada, Perspire Sauna Studios, CityDance Studios and Levine Music. In addition to shops and restaurants, West Falls will include The Oaks (condominiums), The Reserve at Falls Church (seniors housing) and The Alder (market-rate apartments), as well as a central greenspace called The Commons.

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FloridaLeasing ActivityMixed-UseOfficeSoutheast

Blanca CRE Negotiates Three Office Leases to Bring Plaza Coral Gables in South Florida to Full Occupancy

by John Nelson

CORAL GABLES, FLA. — Blanca Commercial Real Estate (Blanca CRE) has negotiated three office leases at The Plaza Coral Gables, a mixed-use development in the Miami suburb of Coral Gables that includes two Class A office towers exceeding 450,000 square feet. The latest round of leases brings the property’s office component to full occupancy. These deals include Baycrest Partners (1,800 square feet), ALTI (6,000 square feet) and Marcum (9,600 square feet), which are joining existing tenants including Apple, Bacardi and Hinshaw & Culbertson. Max Rossi of Newmark represented Baycrest Partners, Thomas Haughton of CBRE represented ALTI and Carlyle Coffin of Stream Realty Partners represented Marcum in the lease negotiations. Tere Blanca, Danet Linares and Andres del Corral of Blanca CRE lead the office leasing team at The Plaza Coral Gables on behalf of the landlord, Agave Holdings. In addition to office space, the mixed-use development features the 242-room Loews Coral Gables Hotel, 165,000 square feet of retail and restaurant space, the 170-unit The Reserve apartments and a 2,000-space parking garage.

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LakeView-Landing-Granbury-Texas
DevelopmentMixed-UseTexas

Realty Capital Underway on 47-Acre Mixed-Use Development in Granbury, Texas

by Taylor Williams

GRANBURY, TEXAS — Locally based developer Realty Capital is underway on construction of a 47-acre mixed-use development in Granbury, located southwest of Fort Worth. Known as LakeView Landing, the development will feature both single-family (105 homes) and multifamily (289 units) residential components, retail and restaurant space, a hotel that will be operated under the SpringHill Suites by Marriott flag and a lakefront public park. Texas Bank & Trust provided construction financing for the project, and the City of Granbury has also partnered with Realty Capital on the project. Full completion is slated for 2028.

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CaliforniaDevelopmentMixed-UseTop StoriesWestern

Kroenke Organization Unveils Plans for 52-Acre Mixed-Use Development for Los Angeles Rams Headquarters, Training Facility

by John Nelson

LOS ANGELES — The Kroenke Organization, a Denver-based real estate and development firm founded by Stan Kroenke in 1983, has unveiled plans for the development of Rams Village at Warner Center, a 52-acre mixed-use development in Woodland Hills, a Los Angeles neighborhood in the San Fernando Valley. Stan Kroenke is the owner of the NFL’s Los Angeles Rams, which will occupy the development with both its new permanent headquarters and a state-of-the-art training facility. Rams Village is part of an 100-acre tract within the master-planned community of Warner Center that the Kroenke Organization purchased in 2022. That land currently includes the Rams’ temporary practice facility that opened last August and which the team will use during the construction of Rams Village at Warner Center. Kroenke and the Rams organization did not disclose construction costs, but the Los Angeles Times reports that the development could cost upwards of $10 billion to build. “Los Angeles is extremely proud to have the Rams announce their new home in the Valley along with new major plans and commitments that will benefit not only the San Fernando Valley, but our entire city,” says Los Angeles Mayor Karen Bass. “This proposed project will be transformative — …

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GeorgiaLeasing ActivityMixed-UseOfficeRetailSoutheast

Stream Realty Negotiates Five Leases Totaling 93,000 SF at The Interlock in West Midtown Atlanta

by John Nelson

ATLANTA — Stream Realty Partners has added five leases at The Interlock, a 672,688-square foot mixed-use development located at 1115 Howell Mill Road NW in Atlanta’s West Midtown district. Kevin Driver and Malik Leaphart of Stream Realty arranged the leases, while colleague Michaela Roberts managed the firm’s initiatives to reposition and deliver customized office suites. The Gathering Spot, a private, members-only modern city club, leased 21,000 square feet of office space, as well as an additional 40,000 square feet of rooftop space. Directional Capital, a Los Angeles-based private equity firm and one of the largest national Rent-A-Center franchise owners, leased 10,500 square feet to establish its new headquarters. Creative firm agency Look Listen secured an 8,500-square-foot lease with drive-up access and direct connectivity to the Bellyard Hotel. Workers’ compensation defense law firm Levy, Sibley, Foreman & Speir LLC (LSFS) signed a 5,000-square-foot lease while Alloy Marketing signed a 10,000-square-foot lease, with both firms occupying newly built office suites on the sixth floor. Mike Davis and Nathan Williams of Scotland Wright Associates represented The Gathering Spot, Directional Capital, Look Listen and LSFS, while Dan Granot of Savills represented Alloy Marketing in the lease negotiations.

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DevelopmentGeorgiaLeasing ActivityMixed-UseOfficeSoutheast

Boehringer Ingelheim Relocates Animal Health Headquarters to Medley in Johns Creek, Georgia

by John Nelson

JOHNS CREEK, GA. — Boehringer Ingelheim, a biopharmaceutical firm that manufactures medicine for humans and animals, has relocated to a 73,000-square-foot lifestyle office space at Medley, a 43-acre mixed-use development underway in the north Atlanta suburb of Johns Creek. Toro Development Co. (TDC) is the developer and owner of Medley, which will become the new U.S. Animal Health headquarters for Boehringer Ingelheim and its 500 employees in summer 2026, ahead of Medley’s opening in October 2026. Boehringer Ingelheim will occupy two full floors of a reimagined office building that totals 150,000 square feet. This deal marks the largest Class A office lease north of the Atlanta Perimeter in roughly five years, according to TDC. Bryan Heller and Parker Welton of Stream Realty Partners represented TDC in the lease negotiations.

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Providence-Art-&-Design-Center
DevelopmentMixed-UseNortheastRhode Island

Joint Venture to Undertake 1.5-Acre Redevelopment Project in Downtown Providence

by Taylor Williams

PROVIDENCE, R.I. — A joint venture between Boston-based Ionic Development Co. and local architecture firm Wade Keating will undertake a 1.5-acre redevelopment project in downtown Providence. The I-195 Redevelopment District Commission selected the joint venture, which is doing business as Design Center Partners LLC, to transform Parcel 5, located on the east side of the Providence River, into the Providence Art & Design Center. Plans for the site call for 150 apartments and 25 condominiums, as well as a 30,000-square-foot hub for arts, entertainment and retail uses. Tenants in those arenas that have already expressed interest in the project include jewelry and accessories retailer Air & Anchor; DesignxRI, which is an incubator and support network for the local design community; porcelain dinnerware provider Myrth; and restaurant Angel’s Kitchen.

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IllinoisMarket ReportsMidwestMidwest Market ReportsMixed-Use

Urban Revitalization Is Chicago’s Legacy — and its Future

by Kristin Harlow

By Trina Sandschafer, AIA, Project Management Advisors Adaptation and reinvention are core parts of what makes American cities great, and Chicago is a prime example. Whether rebuilding, reimagining space for modern usage or creating new neighborhoods from formerly empty lots, the city has become known for its unique ability to bring new energy and life to formerly underutilized areas. Chicago knows how to reimagine the built environment and is leading the way with several transformative development strategies.  Adaptive reuse: A well-tested Chicago tactic Chicago’s long history of adaptive reuse began with the pioneering residential loft developers. In the wake of nationwide manufacturing declines, these enterprising developers saw opportunity in the city’s largely vacant warehouses and manufacturing buildings. The success of these early loft conversions encouraged further reimagining of Chicago’s aging industrial and office stock into condominiums, apartments, offices, entertainment venues and hospitality spaces, which continue to this day.  Now, adaptive reuse strategies are helping to increase the supply of housing and restore economic viability to communities dealing with the lingering impact of the pandemic on local businesses. Converting legacy structures to new and better uses is more environmentally sustainable and can be more cost-effective than demolishing older buildings and starting …

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