Mixed-Use

Ripco Brokers Sale of 12,000 SF Mixed-Use Building for $26M in Manhattan

by Amy Works November 24, 2014

NEW YORK CITY — Ripco Real Estate has brokered the sale of a mixed-use commercial building located at 2307 Broadway in Manhattan’s Upper West Side neighborhood. Waterbridge Capital purchased the property for $26 million. The property offers 12,000 square feet of combined retail and office space. A Duane Reade drugstore that previously occupied the building is now closed, which offers the buyer re-tenanting options. The sellers were a private family. Doug Kleiman and Lee Spiegelman of Ripco Real Estate arranged the transaction.

November 24, 2014

Arizona Mixed-Use Western

Construction Commences on Phase I of Rivulon Development in Gilbert

by Nellie Day November 21, 2014

GILBERT, ARIZ. — Construction has commenced on Phase I of Rivulon, a $750-million, master-planned development in Gilbert. The project is located at the corner of Gilbert Road and AZ 202. Rivulon will eventually include about 3 million square feet of office space, 500,000 square feet of integrated retail and restaurants and a hotel component. Health and wellness leader Isagenix International recently announced it will relocate its world headquarters to a 150,000-square-foot office building at Rivulon. The building is scheduled for completion late next year. A 125,000-square-foot, speculative Class A office building is also under construction at the site, in addition to a 45,000-square-foot LA Fitness. These buildings will soon be joined by two more 60,000-square-foot, Class A office buildings, as well as a 17,000-square-foot retail center, all of which is included in this initial development phase. Rivulon is being developed by Nationwide Realty Investors.

November 21, 2014

Connecticut Mixed-Use Northeast

BLT Unveils Plans for Mixed-Use Davenport Landing in Connecticut

by Amy Works November 20, 2014

STAMFORD, CONN. — Building and Land Technology (BLT) has unveiled its plans for Davenport Landing, a mixed-use redevelopment project located on 14 acres along the West Branch of Stamford Harbor. The plans will unify 28 Southfield Avenue and Stamford Landing to create a mixed-use destination. BLT’s existing mixed-use development, Stamford Landing, features a 600-foot boardwalk, 70-slip marina, 175,419 square feet of office space and 12,621 square feet of restaurant space, which will expand under the new plan with the development of 108 residential units. The second parcel at 28 Southfield Ave. will offer 167 residential units and a new boatyard, including deep-water slips, winter storage, year-round repair facilities and other boating facilities.

November 20, 2014

Mixed-Use Texas

New Businesses Opening in Colleyville

by Danielle Everson November 18, 2014

COLLEYVILLE, TEXAS — A host of new businesses are set to open in the Dallas suburb of Colleyville. Teddy’s Bigger Burgers, Jersey Mike’s and Colleyville Smiles have all signed leases to open in Colleyville Stampede, a 12,847-square-foot retail building under construction at 4712 Colleyville Boulevard. Tey Tiner of United Commercial Realty represented Standridge Cos. in the lease negotiations. In addition, Luna Grill and Tea2Go have signed leases at Town Center Colleyville. Luna Grill has signed a 10-year lease for 2,443 square feet at 5505 Colleyville Blvd and Tea2Go has signed a 10-year lease for 2,000 square feet at 5611 Colleyville Blvd. Easley Waggoner of Venture Commercial Real Estate LLC represented Velocis Partners in lease negotiations.

November 18, 2014

Mixed-Use Texas

New Tenants Set to Join Mixed-Use Development in Metro Dallas

by Danielle Everson November 18, 2014

FLOWER MOUND, TEXAS — Realty Capital Management LLC, developer of the Lakeside DFW mixed-use development in Flower Mound, has leased 76 percent of the project’s first phase. Lakeside DFW is located at the intersection of FM 2499 and Lakeside Parkway. Phase I consists of six buildings with 50,000 square feet of commercial space on the ground floor, plus a 45,000-square-foot movie theater. Tenants who have signed leases include Cavaro Prime Brazilian Steakhouse, Paradise Bistro and Coffee Co., Taverna del Lago, Bottle & Bottega, Elite Pups Luxury Dog Daycare & Spa, Majestic Nail Spa, The Lodge Barbershop, Amber Michelle Salon, Engel & Volkers and State Farm Insurance. Phase I is set for completion early next year, with businesses opening throughout the first and second quarters of 2015.

November 18, 2014

Mixed-Use New York Northeast

Marcus & Millichap Arranges $1.2M Sale of Brooklyn Mixed-Use Building

by Amy Works November 18, 2014

NEW YORK CITY — Marcus & Millichap has brokered the sale of a mixed-use property located at 320 Van Brunt St. in Brooklyn. The 3,975-square-foot property sold for $1.2 million. Jakub Nowak and Matthew Rosenzweig of Marcus & Millichap’s Brooklyn office marketed the property on behalf of the seller, a private investor, and represented the buyer, a private investor, in the transaction.

November 18, 2014

Mixed-Use Texas

Construction Begins on Mixed-Use Project near Texas A&M

by Danielle Everson November 17, 2014

COLLEGE STATION, TEXAS — Midway, a Houston-based real estate and development firm, has begun construction on a mixed-use development known as Century Square. The project is being built in partnership with Texas A&M University. The development will feature more than 290,000 square feet of shopping, dining, office and entertainment space, along with two hotels. Century Square will occupy a 60-acre tract along University Drive between Texas Avenue and College Avenue. The project is scheduled for completion in fall 2016.

November 17, 2014

Illinois Mixed-Use

McShane Construction Completes Mixed-Use Development in Metro Chicago

by John Nelson November 14, 2014

ROSEMONT, ILL. — McShane Construction Co. has completed The Shops and Lofts at 47, a mixed-use development. The development sits on a three-acre parcel at 747 East 47th St. in Chicago’s Bronzeville neighborhood. The Shops and Lofts at 47 spans 202,000 square feet and is anchored by a 41,000-square-foot Walmart Neighborhood Market. It also includes 96 apartments in one-, two- and three-bedroom layouts.

November 14, 2014

Mixed-Use Texas

Embrey Partners Begins Construction on Mixed-Use Development in San Antonio

by John Nelson November 14, 2014

SAN ANTONIO — San Antonio-based Embrey Partners has begun construction on a mixed-use development located at 1819 E. Sonterra Blvd. Dwell at Legacy is located near 326,455 square feet of retail space including Lifetime Fitness, Best Buy, Staples, Main Event Entertainment, Buffalo Wild Wings, Starbucks, Men’s Warehouse and a local farmer’s market. The development is scheduled to open in June 2015 with four buildings. When completed, it will include 289 apartments ranging in size from 550 square feet to 1,200 square feet with one- and two-bedroom layouts. Embrey will also manage the property once the project is complete. Dallas-based Good Fulton & Farrell is the architect. Texas Capital Bank is the lender.

November 14, 2014

Mixed-Use Southeast Virginia

The Milgraum Center in Downtown Charlottesville Sells for $1.9M

by John Nelson November 14, 2014

CHARLOTTESVILLE, VA. — CBRE | Charlottesville has brokered the $1.9 million sale of The Milgraum Center, a 25,000-square-foot mixed-use building located at 310-312 E. Main St. in downtown Charlottesville. The property was 92.5 percent leased at the time of sale to tenants such as Silverchair Information Systems and Vita Nova Pizza. Milgraum Trust sold the property to Armory 310 East Main LLC. Rob Stockhausen of CBRE | Charlottesville represented the seller in the transaction, while Carolyn Shears of CBRE | Charlottesville represented the buyer.

November 14, 2014

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