Wednesday, June 3, 2026
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Mixed-Use

MidwestMixed-Use

MCSHANE REDEVELOPS 1930s LANDMARK BUILDING

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CHICAGO — McShane Construction has completed the conversion of a former office building to 28 loft apartments at 2800 N. Milwaukee Ave. in Chicago. The 50,560-square-foot Hairpin Lofts includes apartment units on the top four floors, plus a 7,000-square-foot community center on the second floor. The ground floor features 9,000 square feet of retail space. McShane began reconfiguring the former Morris B. Sachs building in mid-2010. Crews restored the existing facade that dates back to 1930 and refinished the aging marble flooring. The building also includes sustainable features such as a green roof and Energy Star appliances. The project was co-developed by Brinshore Development and Anixer Center.

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Mixed-UseNortheast

DELSHAH BUYS APARTMENT BUILDING FOR $11.2M IN COURT ORDERED SALE

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NEW YORK — Delshah Capital has purchased 101 W. 126th St. in New York through a New York State Bankruptcy Court ordered sale for $11.2 million. In 2010, a DelShah affiliate purchased the non-performing senior mortgage note for the 32-unit apartment building with a ground-floor commercial space. DelShah was poised to purchase the property in May 2011 when the debtor declared bankruptcy. Delshah was able to reach an agreement with the debtor and junior creditors, resolve the bankruptcy and take the title in only 9 months.

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Mixed-UseNortheast

INVESTOR SECURES $2.7M LOAN FOR MASSACHUSETTS MIXED-USE PROPERTY

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SOMERVILLE, MASS. —Fantini & Gorga has originated $2.7 million in first mortgage financing for a mixed-use building in Somerville. A Boston-area investor acquired the fully leased property for $3.5 million. The building includes 15 apartment units and 4 street-level rental units. Keith Wentzel of Fantini & Gorga arranged the loan through a Boston area community bank.

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Mixed-UseWestern

VILLAGE AT PARK CENTRE RECEIVES $6M

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WESTMINSTER, COLO. – The Village at Park Centre, a 38,892-square-foot retail and office complex in Westminster, has received a $6.1-million refinancing. The three-building property is located at 1001-1005 W. 120th Ave. Notable tenants include Qdoba Mexican Grill, Subway, State Farm Insurance and H&R Block. The refinancing was arranged by John M. Stewart and Brock Yaffe out of NorthMarq Capital’s Denver office through the firm’s correspondent relationship with one of its life insurance companies.

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Mixed-UseNortheast

SOHO MIXED-USE BUILDING SELLS FOR $4.3M

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NEW YORK CITY — A mixed-use building at 37 Crosby St. in Manhattan has sold for $4.3 million. The seven-story building includes ground-floor retail space and 12 apartment units. Due to a fire on the top floor apartment, the entire building is currently vacant and in need of renovation. Two tenants plan to return to the building when construction is complete. Robert Burton of Massey Knakal Realty Services represented the buyers, Todd Cohen and Terrence Lowenberg of Icon Realty Management. They also represented the seller, Bob Kahn.

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Mixed-UseNortheast

RETAIL, OFFICE CENTER FETCHES $10.1M IN CONNECTICUT

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ROCKY HILL, CONN. — A 109,000-square-foot office and retail center has sold for $10.1 million at 30 Waterchase Dr. in Rocky Hill. The property is 83 percent occupied and anchored by Porter and Chester Institute, a technical school. Joseph French of Marcus & Millichap's White Plains, N.Y. office represented the seller, a private investor based in Florida. The buyer was a private firm located in Trumbull, Conn.

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Mixed-UseSoutheast

CONSTRUCTION TO BEGIN ON PHASE I OF METRO CENTRE

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OWINGS MILLS, MD. — Owings Mills Transit has plans to break ground on Phase I of the 1.2 million-square-foot Metro Centre at Owings Mills, a mixed-use development located on 45 acres at the intersection of Interstate 795 and Painters Mill Road in Owings Mills. Owings Mills Transit is developing the project and David S. Brown Enterprises will oversee construction and management. The first phase will include 300,000 square feet of office space, up to 100,000 square feet of retail space and approximately 250 apartment units. Additionally, the 120,000-square-foot Owings Mills Learning Center, which is currently under construction, is included in Phase I. The Baltimore County Public Library has signed a lease for 40,000 square feet of the space and the Community College of Baltimore County has leased the remaining 80,000 square feet. Completion for the first phase is slated for the spring of 2013. The State of Maryland and Baltimore County have currently invested more than $57 million in Metro Centre at Owings Mills.

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Mixed-UseNortheast

SUFFOLK TO OVERSEE 50 POST OFFICE SQUARE RENOVATION

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BOSTON — Suffolk Construction will oversee the renovation of 50 Post Office Square, an 18-story art deco tower in Boston. Formerly 185 Franklin Street, the building will be open to the public for the first time in 60 years after the 12-month project is complete. The property was originally the headquarters for New England Telephone and Telegraph Co., followed by Verizon Communications Inc. Commonwealth Ventures purchased the property for $192 million in 2008. The renovation will include upgrades to the building's lobby, common areas and commercial space. It also includes the addition of 21,000 square feet of retail space and 110 new underground parking spaces. The project is slated to be completed in 2013.

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Mixed-UseNortheast

RBH BREAKS GROUND ON $149M TEACHERS VILLAGE

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NEW YORK CITY — Manhattan-based RBH Group has broken ground on Teachers Village, a $149 million retail, educational and residential development in downtown Newark. The Richard Meijer-designed complex will house three new schools, a daycare center and provide rental apartments for more than 200 Newark teachers. It will also include 70,000 square feet of retail space. Retail tenants are expected to open in the summer of 2013, and the the first residents are slated to occupy apartments in the fall of 2013.

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