DAYTONA BEACH, FLA. — P&S Paving has commenced construction on the early site work for ONE DAYTONA, a premier mixed-use and entertainment development across from Daytona International Speedway in Daytona Beach. P&S Paving was awarded the contract for infrastructure improvements for Phase I, which includes site development, drainage and underground utility work. ONE DAYTONA is a joint venture between Jacoby Development and International Speedway Corp. (ISC). P&S Paving is also the subcontractor for ISC’s $400 million DAYTONA Rising project underway at Daytona International Speedway.
Mixed-Use
ATLANTA — Paces Properties has opened its Krog Street Market (KSM), a 30,000-square-foot mixed-use development in Atlanta’s Inman Park neighborhood. KSM is located at 99 Krog St. at the southeast corner of the intersection between Krog and Irwin streets. The property is structured as a food hall and urban market with 16 food and retail market stalls, five chef-driven restaurants and two freestanding retail buildings. Retailers currently open for business include The Collective, a co-op local artist establishment; French Market Flowers; Krog Street Pet Works; Mama Bath + Body; The Spotted Trotter Charcuterie, a butcher and cheese shop; and Small Batch Chocolate. The food stalls include Grand Champion BBQ; Jeni’s Splendid Ice Creams; Little Tart Bakeshop, which serves coffee from Octane; Fred’s Meat & Bread; and Yalla. Craft Izakaya and The Luminary, two chef-driven restaurants, have been open since August. Additional restaurants and food stalls are slated to open in the coming months. KSM also features bike racks, electric car charging stations, water stations for dogs and a communal dining area. Lily Heimburger of SRS Real Estate Partners handles KSM’s leasing responsibilities on behalf of Paces Properties.
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.
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.
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.
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.
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.
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.
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.
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.