Mixed-Use

NORTHPORT, N.Y. — Construction is complete for Northport Commons, a 19,000-square-foot multi-use center located in Northport. Situated at the intersection of Fort Salonga and Rinaldo roads, the two-story project contains 9,000 square feet of retail space on the first floor. Tenants include Subway, La Casa Pizza, Happy Farms Fruit, a yoga center, a coffee shop and a convenience store. The 10,000-square-foot top level of the building is leased to chid care center The Learning Experience. The project architect for Northport Commons was Livingston, N.J.-based Jarmel Kizel Architects & Engineers.

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NEW YORK CITY — The Moinian Group has received a temporary certificate of occupancy for the W New York – Downtown Hotel & Residences that will allow the hotel and restaurant portions of the mixed-use project to open later this month. Located at 123 Washington St. in Manhattan's Financial District, the 58-story tower contains a 217-room W Hotel, 223 residential condominiums, the BLT Bar & Grill and the Living Room Bar & Terrace lounge. Amenities of the project include a fitness center and a rooftop deck garden.

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DALLAS — Parmenter Realty Partners has purchased the 326,000-square-foot VHA Place mixed-use property from a private buyer for less than $50 per square foot in a distressed transaction. The property, which is located in the Las Colinas submarket of Dallas, was purchased using the Parmenter Realty Fund III. VHA Place contains 256,000 square feet of office space, which is 82 percent leased. Parameter also owns the adjacent properties, Las Colinas Towers I & II, and plans to reposition VHA Place and synergize the three properties. Gary Dunkum and Suzanne Saunders of Grandbridge Real Estate Capital arranged the financing, which was provided by American National Insurance Co.

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MIAMI — South Florida-based Link Construction Group has completed the 168,194-square-foot Causeway Square mixed-use building in Miami. The four-story structure, designed by Saltz-Michelson, has 29,374 square feet of restaurant and retail space on the ground floor. A 46,000-square-foot LA Fitness takes up the second floor, and 81,170 square feet of Class A office space span the third and fourth floors. TAUBCO designed the project.

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WASHINGTON, D.C. — Skanska USA has broken ground on a mixed-use project located at 733 10th St. in Washington that will house eight floors of Class A office space, a worship space for First Congregational United Church of Christ and ground-level retail. The project, designed by Cunningham & Quill Architects and Tod Williams Billie Tsien Architects, will be built to LEED Gold standards. Delivery is expected during the latter half of 2011.

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WASHINGTON, D.C. — Skanska USA Commercial Development has broken ground for the development of 733 10th & G, a mixed-use project located at 733 10th St. in Washington. The project will consist of eight stories of office space, 165,000 rentable square feet, ground-level retail space and worship space for First Congregational United Church of Christ. The project is seeking at minimum LEED Gold certification and will feature green elements, including a green roof, energy-efficient floor-to-ceiling windows, green housekeeping and improved indoor air quality. Cunningham & Quill Architects and Tod Williams Billie Tsien Architects are providing architectural services for the project, which is scheduled for completion in late 2011. Last year, Skanska acquired the development rights for project, which was originally being developed by PN Hoffman.

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DALLAS — USAA Real Estate Co. has purchased The Mondrian at CityPlace, a mixed-use property in Dallas, from ZOM Cityplace for an undisclosed amount. The 5-year-old, transit-oriented development, which is located at 3000 Blackburn St., contains 218 apartment units and 19,497 square feet of retail space. The street-level retail space is populated by Med-Health, Toscana Pizza, The Cupcake Factory and others. Apartment amenities include a wireless cyber café and a resort-style pool.

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PASCO COUNTY, FLA. — Dallas-based CoastOak Group has acquired Connerton from Terrabrook, the previous developer, for an undisclosed price. Located in central Pasco County, the 4,800-acre, mixed-use master planned community is the only “New Town” currently under construction in the greater Tampa Bay area. As planned the community will feature approximately 8,500 residential units and more than 3 million square feet of commercial space for office, industrial and retail uses. The community currently features onsite shopping, a long-term acute care facility, a soon-to-open elementary school, Club Connerton, neighborhood parks and conservation areas.

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MCKINNEY, TEXAS — CB Richard Ellis has been named advisor in the sale of Times Square at Craig Ranch, a mixed-use apartment and retail center at 7951 Collin McKinney Parkway in McKinney. The 313-unit multifamily community and 88,284 square feet of ground floor retail space was constructed at an estimated cost of $52 million and was foreclosed upon by Bank of America in November 2009. Dirk Goris and Mark Stymiest with the CBRE Multi Housing team in Dallas will lead the marketing on behalf of Bank of America. The five-story development is approximately 50 percent leased.

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CHICAGO — Northbrook, Ill.-based Brinshore Development has selected McShane Construction Co. for the construction of Hairpin Lofts and Logan Square Arts Center. The reconstruction project will feature a six-story, mixed-use development featuring 25 affordable and three market-rate apartment units on floors three through six, Logan Square Arts Center on the second floor and ground-floor retail space. Hartshorne Plunkard Architecture designed the project to meet LEED Silver certification. Green elements include a roof deck patio garden/green roof, solar thermal panels for domestic hot water, a geothermal HVAC system, low VOC materials, ENERGY STAR appliances, recyclable content material and an extensive construction waste recycling system. The project is scheduled for completion in March 2011.

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