SEATTLE — Emerald Bay Equity has developed Sweetbrier, a mixed-use development located in the Upper Queen Anne area of Seattle. Located at 8 W. Crocket St., the 54,000-square-foot project features 12,600 square feet of ground-floor retail space, 45 apartments and 82 underground parking stalls. Designed by Seattle-based Tiscareno Associates, the project is slated to achieve LEED certification. Other project partners include DCI Engineers, PACLAND, Veach Consulting Engineers and BrN Engineering. Charter Construction served as general contractor for the project.
NEW YORK CITY — Massey Knakal Realty Services has completed the sale of a four-story, mixed-use building located in the Greenwich Village neighborhood of Manhattan, New York City, for $3.4 million. The 3,788-square-foot property is located at 92 W. Houston St. It features a restaurant on the ground floor, a commercial space on the second floor, and two apartments on the third and fourth floors. The building's air rights were also included in the sale. The property was vacant at the time of closing. James Nelson, Brendan Gotch and Billy Simons and Massey Knakal arranged the deal between the two undisclosed parties.
NEW YORK CITY — Massey Knakal Realty Service has brokered the sale of 901 Broadway, a multi-use building located in New York City's Flatiron District, for $24.6 million. The five-story property totals 14,336 square feet. The 7,000-square-foot first floor is occupied by a high-end fashion retailer. The second through fourth floors are occupied as gallery space. The penthouse floor is currently vacant. John Ciraulo and Craig Waggner of Massey Knakal represented the seller, Thor Equities. The buyer was a Spanish investor.
NEW YORK CITY — Marcus & Millichap has completed the sale of a 5,388-square-foot mixed-use building, located at 413 Seventh Ave. in Brooklyn, New York City, for $1.48 million. John Horowitz and Matthew Fotis of the firm’s Brooklyn office represented the seller, a limited liability company. Adelaide Polsinelli of Marcus & Millichap’s Manhattan office represented the buyer, a private investor participating in a 1031 exchange.
COLLEYVILLE, TEXAS — Realty Capital Partners (RCP) has provided approximately $1.3 million in capital for a mixed-use, town center project located in Colleyville. The loan was provided by RCP Village First Lien Ltd., which was recently formed by RCP. The project, which is known as the Village at Colleyville, totals 24 acres and is anchored by Colleyville’s new City Hall and Library. The borrower is Village Management Ltd., an affiliate of RCP that develops commercial and residential projects across the Dallas-Fort Worth Metroplex.
SAN MARCOS, CALIF. — Ledcor Construction, serving as general contractor, has completed the construction of San Elijo Hills Town Center, a commercial/residential project located within San Elijo Hills in San Marcos. The project consists of three separate three-story buildings featuring 33,000 square feet, including 22,000 square feet of residential space over 11,000 square feet of retail space. Architects B.P. Associates designed the project, which is developed/owned by San Elijo Hills Town Center LLC.
SPRINGFIELD, N.J. — Hillsborough, N.J.-based Larken Associates has commenced the renovation of Echo Executive Plaza and Echo Plaza Shopping Center, a 107,448-square-foot office and retail development located at 899 and 901 Mountain Ave. in Springfield. Renovations to Echo Executive Office Building, a three-story, 40,880-square-foot professional office building, include a new lobby, and new common bathrooms and corridors. Renovations to Echo Plaza, the 66,000-square-foot retail component, will include a new façade and roof, new tenant and marquee signage, and new landscaping. The center will be anchored by health club No Body Denied, which recently signed a lease at the center. Other current tenants include Outback Steakhouse, Sherwin Williams, Echoqua Italian Bistro and Chen’s 22 Chinese Restaurant. The construction timetable was not released.
NEW YORK CITY — New York City-based Massey Knakal Realty Service has completed two commercial sales in New York City for a total of $2.3 million. In the first transaction, Massey Knakal’s Nick Burns completed the $1.2 million sale of a vacant two-story commercial building located at 791-795 Westchester Ave. in the Bronx. The building totals 7,679 square feet and was owner-occupied by the selling family for more than 30 years. In the second transaction, Massey Knakal’s Stephen Palmese and Matthew Giordano brokered the sale of a three-story multi-use building located at 7524 Third Ave. in Brooklyn. The first floor of the 4,312-square-foot building is occupied by Dime Savings Bank under a long-term lease. The second and third floors each contain one three-bedroom apartment. The property traded for $1.1 million.
AURORA, ILL. — Sperry Van Ness has brokered the sale of a 13,000-square-foot mixed-use building, located at 1730 N. Farnsworth Ave. in Aurora, for $1 million. The building comprises five professional and medical office units, as well as eight residential apartments. Matt Chapdelaine and Dan Elliot of Sperry Van Ness’ downtown Chicago office represented the seller, MedCom Group, as well as the buyer, Lloyd Hammer.
EDISON, N.J. — Groundbreaking will occur Wednesday for Edison Towne Square, an approximately 98-acre mixed-use redevelopment project located in Edison. The project is situated on Route 1 at the site of the former Ford automotive plant, which closed in 2004. Plans for Edison Towne Square include retail and office space, a movie theater and other entertainment tenants, seven restaurants, a hotel with meeting space, walking and bike trails, and a 7.5-acre parcel that will be set aside for a community center for the town. The project is being developed by Secaucus, N.J.-based Hartz Mountain Industries and will be owned by an affiliate of the company. The project architect is Baltimore-based The Development Design Group. The construction timetable was not disclosed.