Wednesday, October 15, 2025
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Mixed-Use

DevelopmentFloridaMixed-UseSoutheastStudent Housing

Core Spaces, RD Management to Develop 1,300 Student Housing Beds Near University of South Florida in Tampa

by John Nelson

TAMPA, FLA. — Core Spaces and RD Management plan to break ground soon on Hub II, a 400-unit student housing project in Tampa’s Uptown district that will comprise 1,300 beds and a structured parking garage with 800 spaces. The project is Phase I of multiple communities that the co-developers are planning within Rithm, a nearly 100-acre campus adjacent to the University of South Florida that formerly housed University Mall, which opened in 1974. Core Spaces and RD Management ultimately plan to develop up to 3,000 student housing beds, 150 conventional apartments and 10,000 square feet of retail space at Rithm, which already features a Sprouts Farmers Market, restaurants, bars and incubator space for startup companies. Construction will begin on Hub II this fall, and the project is expected to be completed in fall 2027. The other phases (Hub III and Hub IV) will include over 700 beds and 800 beds, respectively, and will be fully delivered by 2030. In 2022, Core Spaces delivered Hub Tampa, a 359-unit, 890-bed student housing community located within Rithm.

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DevelopmentMixed-UseSouth CarolinaSoutheastStudent Housing

Signet Underway on Five-Story Mixed-Use Development Near Clemson University in South Carolina

by John Nelson

CLEMSON, S.C. — Signet Real Estate Group is underway on the development of MODA Clemson, a five-story mixed-use development in Clemson. Located near Clemson University, the project is designed to cater to the needs of students and young professionals. In addition to 159 residential units in studio, one-, two- and three-bedroom layouts, the property will feature ground-floor retail space. Project partners include First National Bank of Pennsylvania, Kimley-Horn, Coursey Architects, HPA Design Group, Freese Johnson and Catamount Constructors. Signet expects to complete MODA Clemson in summer 2026. Pintail Real Estate will manage retail leasing at the property.

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414-434-Main-St-Placerville-CA
AcquisitionsCaliforniaMixed-UseMultifamilyRetailWestern

Marcus & Millichap Brokers Sale of 13,827 SF Mixed-Use Property in Placerville, California

by Amy Works

PLACERVILLE, CALIF. — Marcus & Millichap has arranged the sale of a mixed-use property at 414-434 Main St. in Placerville, approximately 45 miles northeast of Sacramento. A private investor sold the asset to another private investor for $1.7 million. Constructed in the 1920s as a movie theatre, the 13,827-square-foot property has been converted into five ground-floor retail spaces and three top-floor residential units. Edward Nelson, Wyatt Figueroa and William Graves Jr. represented the seller, while Nelson procured the buyer in the deal.

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LoansMichiganMidwestMixed-Use

Bernard Financial Group Arranges $30.5M Loan for Refinancing of Mixed-Use Property Near Detroit

by Kristin Harlow

GROSSE POINTE WOODS, MICH. — Bernard Financial Group (BFG) has arranged a $30.5 million CMBS loan for the refinancing of a 272,312-square-foot mixed-use property in Grosse Pointe Woods, a northeast suburb of Detroit. The asset features office, retail and medical space. Dennis Bernard and Joshua Bernard of BFG arranged the loan on behalf of the borrower, Pointe Plaza Development LLC.

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DevelopmentHospitalityMixed-UseMultifamilyTexas

Reports: Fort Worth City Council Approves $630M Expansion of Historic Stockyards

by Taylor Williams

FORT WORTH, TEXAS — The Fort Worth City Council has approved a $630 million proposal to expand the historic Stockyards District, according to reports from multiple local news sources such as The Dallas Morning News, Fox4 KDFW and The Texan. According to the local Fox News affiliate, the proposal represents part of a larger, $1 billion expansion and would include both multifamily and hospitality components, as well as onsite parking. Axios Dallas reports that on a more specific level, the next phase of expansion will feature 500 hotel rooms, 300,000 square feet of commercial space and a  295-unit multifamily property.  The Texan reports that the expansion would be led by Fort Worth Heritage LLC, which is a joint venture between California-based Majestic Realty Co. and Hickman Cos, with North Texas-based M2G Ventures also serving as a development partner. Multiple news outlets reported that the City of Fort Worth expects the expansion of the Stockyards District, which will include some public funding and is expected to be fully complete by 2032, to ultimately generate more than $400 million in fresh tax revenue. 

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DevelopmentMixed-UseMultifamilyNorth CarolinaSoutheast

Vista Residential Breaks Ground on 277-Unit Mixed-Use Apartment Community in Holly Springs, North Carolina

by John Nelson

HOLLY SPRINGS, N.C. — Vista Residential Partners has broken ground on Main Street Vista, a 277-unit mixed-use apartment community in Holly Springs, a southwest suburb of Raleigh. The 11.7-acre development site is located at the corner of North Main Street and Holly Springs Road. Main Street Vista will feature a mix of one-, two- and three-bedroom apartments averaging almost 1,050 square feet, as well as 19,000 square feet of retail space and 11,000 square feet of live-work space. Select apartments will have a ground-floor office space available for lease to prospective tenants who desire to work from home. Designed by Niles Bolton, Main Street Vista will feature a clubhouse, resort-style swimming pool, fitness center, central green area, pet park and 24/7 package concierge services. Dome Equities and two Ohio-based life insurance companies provided financing for the project. The construction timeline was not disclosed.

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25-Cottage-St.-Jersey-City
DevelopmentMixed-UseNew JerseyNortheast

Nasser Freres Breaks Ground on $300M Mixed-Use Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Developer Nasser Freres has broken ground on a $300 million mixed-use project that will be located at 25 Cottage St. in the Journal Square neighborhood of Jersey City. Designed by Handel Architects with AJD Construction serving as the general contractor, the development will consist of 622 apartments, approximately 45,000 square feet of Class A office space and ground-floor retail space, all within a 28-story building. Units will come in studio, one-, two- and three-bedroom floor plans, and the building will feature a double-height lobby lounge with a reception area. Other amenities will include a relaxation zone and spa, an art gallery and studio, children’s playroom, karaoke room, pet spa, bowling alley, screening room, game lounge, speakeasy, VR sports room with arcade games and a catering kitchen. Residents will also have access to a coworking space with a lounge, private work pods and conference rooms, as well as fitness center, coffee bar, podcast/TikTok room and a party lounge. Lastly, a landscaped rooftop envisioned by Melillo Bauer Carman Landscape Architecture will feature a lounge with kitchen and dining areas, private grilling stations and a pool with a deck and loungers. Completion is slated for the first quarter of 2026.

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DevelopmentMixed-UseNew YorkNortheastOfficeRetailTop Stories

Ingka Investments Acquires Stake in Fifth Avenue Mixed-Use Tower Development in Manhattan, Now to Feature IKEA Store

by John Nelson

NEW YORK CITY — Ingka Investments, the investment arm of Ingka Group, which owns and operates a majority of IKEA stores globally, has purchased a one-third stake in the development of a 1 million-square-foot mixed-use tower underway in Manhattan. As part of the arrangement, IKEA will open a two-level store at the base of 570 Fifth Avenue, which will include a corner entrance along Fifth Avenue. Extell Development Co. is the master developer of 570 Fifth Avenue, which will feature Class A retail space and offices at the intersection of Manhattan’s Plaza and Grand Central districts. The project marks the largest development on Fifth Avenue in more than 60 years, according to Ingka Investments. “We have been working on assembling this project for almost two decades, and Ingka Investments’ substantial commitment allows us to move forward with the construction and leasing of the best new office building in New York,” says Gary Barnett, founder and chairman of Extell Development, which will retain a two-thirds ownership stake in the development. Ingka Investments’ stake in the tower includes the planned IKEA store. IKEA will open a “customer meeting point,” the retailer’s small-format store prototype, within the tower’s 80,000 square feet of planned …

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DevelopmentFloridaMixed-UseSoutheast

City of Jacksonville Approves Incentive Package, Rezoning for 8.3-Acre PHXJAX Mixed-Use Development

by John Nelson

JACKSONVILLE, FLA. — The Jacksonville City Council has approved a $5.5 million incentive package from the Office of Economic Development for Phoenix Arts & Innovation District (PHXJAX), an 8.3-acre mixed-use project currently underway by Future of Cities (FoC) in Jacksonville. Additionally, FoC received approval for rezoning to allow for commercial and multifamily residential uses. The developer has invested $38 million into the project. Upon completion, the development will comprise 10 separate properties, with creative office space, artist studios, galleries, event and gathering spaces and retail and restaurant space. The first phase of development began in December 2023 with the groundbreaking for Emerald Station. Construction is also underway on Liberty Building, which will total 17,850 square feet. The buildings are scheduled for completion in the third quarter of 2024 and second quarter of 2025, respectively. A nearby property at 2335 Market St. will serve as an outdoor market, offering green and community activity space, and PHXJAX will also include dedicated office space for the Jacksonville Small and Emerging Business (JSEB) organization. The City of Jacksonville has also authorized a 50 percent, 15-year recaptured enhanced value (REV) grant not to exceed $1.5 million for the project.

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The-RO-Houston
DevelopmentMixed-UseTexas

TDC Breaks Ground on 17-Acre Mixed-Use Project in West Houston

by Taylor Williams

HOUSTON — Transwestern Development Co. (TDC) has broken ground on The Ro, a 17-acre mixed-use project that will be located near the River Oaks district in West Houston. The Ro will be the future home of The Birdsall Hotel & Residences, which is part of the Auberge Resorts Collection family of brands. The development will also feature a retail village with local chef-driven restaurants, boutique concepts and service-oriented shops, as well as an apartment community and Class A office space. Completion is slated for 2027.

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