Mixed-Use

FIRST TENANTS ANNOUNCED FOR GRANDVIEW YARD

by admin September 18, 2009

COLUMBUS, OHIO — The first tenants have been announced for Phase I of Grandview Yard, a $500 million mixed-use project under development in Columbus. Locally based M+A Architects will occupy part of a three-story, 92,000-square-foot office building, which the company is also designing. Jason's Deli will open a 4,875-square-foot restaurant in the ground floor of the same building. Urban Active will open a two-story, 42,000-square-foot fitness center. Finally, a six-story, 126-room Hyatt Place hotel will be constructed. Phase I construction is expected to begin this fall. The project is owned and developed by locally based Nationwide Realty Investors and Capital Square. At full build-out, Grandview Yard will include 1.5 to 2 million square feet of retail, restaurant and office space, as well as more than 600 residential units.

September 18, 2009

WINE CELLAR AND STORAGE SPACE SLATED FOR ATLANTA

by admin September 15, 2009

ATLANTA — Edgewood Avenue Storage & Wine Cellar LLC will start building a 133,000-square-foot storage and retail facility during the fourth quarter of this year. The six-story property, which will be located at 653 Edgewood Ave. in Atlanta, will contain storage space, a wine cellar and retail shops. The development is on the grounds of the former Atlanta Metal recycling facility, and site work, which included removing asbestos and properly disposing of contaminated materials, was supervised by the federal and local branches of the Environmental Protection Agency.

September 15, 2009

Mixed-Use Western

EMERALD BAY EQUITY OPENS NEW MIXED-USE PROJECT

by admin September 15, 2009

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.

September 15, 2009

Mixed-Use Northeast

MASSEY KNAKAL COMPLETES $3.4 MILLION SALE OF MIXED-USE BUILDING

by admin September 10, 2009

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.

September 10, 2009

Mixed-Use Northeast

MASSEY KNAKAL BROKERS $24.6 MILLION SALE OF FLATIRON DISTRICT BUILDING

by admin September 9, 2009

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.

September 9, 2009

Mixed-Use Northeast

MARCUS & MILLICHAP COMPLETES SALE OF MIXED-USE BUILDING

by admin August 31, 2009

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.

August 31, 2009

Mixed-Use Texas

RCP PROVIDES $1.3 MILLION FOR TOWN CENTER PROJECT

by admin August 28, 2009

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.

August 28, 2009

Mixed-Use Western

LEDCOR COMPLETES CONSTRUCTION OF SAN ELIJO HILLS TOWN CENTER

by admin August 28, 2009

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.

August 28, 2009

Mixed-Use Northeast

ECHO PLAZA RENOVATION BEGINS

by admin August 17, 2009

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.

August 17, 2009

Mixed-Use Northeast

MASSEY KNAKAL COMPLETES TWO SALES TOTALING $2.3 MILLION

by admin August 13, 2009

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.

August 13, 2009

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