Mixed-Use

L.A. LIVE SECOND PHASE NEARS COMPLETION

by admin October 29, 2008

LOS ANGELES — Slated to open in December, the second phase of L.A. Live will bring restaurants and entertainment venues to the Los Angeles Sports & Entertainment District. Part of the $2.5 billion, 4 million-square-foot development, the newest phase will feature 12 restaurants, a 2,300-square-foot Club NOKIA, the Conga Room, Lucky Strike Lanes, ESPN Zone, the ESPN West Coast broadcast headquarters and The GRAMMY Museum. L.A. Live is the result of a partnership between Anschutz Entertainment Group (AEG), the city of Los Angeles and numerous consultants. RTKL provided architectural services for the project. The third phase, which is scheduled for completion in late 2009/early 2010, will feature a JW Marriott, The Ritz-Carlton, The Ritz-Carlton Residences and a 14-screen Regal Cinemas, as well as meeting and ballroom spaces.

October 29, 2008

ALLIANCE RESIDENTIAL UNVEILS MIXED-USE PROJECT PLANS

by admin October 29, 2008

PORTLAND, ORE. — Phoenix-based Alliance Residential Company has broken ground for the construction of Broadstone Enso, a mixed-use development located in the heart of Portland’s Pearl District. The 152-unit luxury property will offer studio, one- and two-bedroom units ranging in size from 524 to 1,305 square feet. The units will feature 9-foot ceilings, stone kitchen countertops with islands, furniture-style vanities with stone tops, and wood plank-style flooring. Additionally, the property will offer a landscaped outdoor courtyard, a fitness room, a clubroom with a fireplace, a flat-screen television and an exclusive resident wine storage room with a tasting area. Designed by Portland-based Myhre Architects and Interior Design, the property also features 9,900 square feet of storefront retail space. Completion is slated for first quarter 2010.

October 29, 2008

Mixed-Use Southeast

CONSTRUCTION COMPLETE ON $121 MILLION MIAMI MIXED-USE TOWER

by admin October 28, 2008

MIAMI — Key International Development has completed the $121 million Ivy, a mixed-use tower in downtown Miami. The 45-story building houses 504 condominiums, and restaurant and retail businesses span the ground floor. The property, which was constructed by Fort Lauderdale, Fla.-based Moss & Associates, features a resort-style pool, a fitness facility and a sauna. Key is also developing an adjacent office tower, the 1.3 million-square-foot Mint. Moss is providing construction work on the second tower and expects a delivery date of mid-2009.

October 28, 2008

Mixed-Use Western

CONAM GROUP ACQUIRES RESIDENTIAL MIXED-USE PROJECT FOR $30M

by admin October 28, 2008

OCEANSIDE, CALIF. — San Diego-based ConAm Group of Companies has acquired a 14.4-acre land parcel, which is located north of Highway 78 at Rancho Del Oro Road and Vista Way in Oceanside, for $30 million. The parcel features a partially developed residential mixed-use project, which includes 221 multifamily units with commercial office and retail elements. The seller was the orange County, Calif., division of K. Hovnanian® Homes®. According to Irvine, Calif.-based The Hoffman Company, which brokered the transaction, ConAm plans to complete construction and market the units as apartment rentals.

October 28, 2008

Mixed-Use Texas

RIALTO VILLAGE UNDER WAY

by admin October 27, 2008

SAN ANTONIO — Development is under way for Rialto Village, a 24-acre, mixed-use project located at the intersection of Interstate 10 and Ralph Fair Road in San Antonio’s I-10 Hill Country corridor. The project will include 185,000 square feet of boutique retail space, 41,000 square feet of office condominiums and an upscale apartment component located above the shops — all in a village setting with outdoor plazas, walking trails and native landscaping. Rialto Village also will be surrounded by a permanent greenbelt along an undeveloped flood plain. The project will be topped off by a 121-foot tall decorative tower. Additionally, the existing Ralph Fair Road overpass, which spans I-10, will extend directly into the main street of the project, known as Calle Rialto. Completion is scheduled for mid-2009. Rialto Village is being developed by San Antonio-based Schuparra Properties; leasing is being undertaken by locally based Reata Real Estate Services. Walgreen’s has already signed a lease to build its only location between Loop 1604 and Boerne, Texas, within the project.

October 27, 2008

Mixed-Use Texas

SPORTS AUTHORITY COMING TO PEARLAND TOWN CENTER

by admin October 24, 2008

PEARLAND, TEXAS — Englewood, Colo.-based retailer Sports Authority has announced plans to open a 42,000-square-foot location at Pearland Town Center, a 1.2 million-square-foot, mixed-use development located in Pearland. Construction on the store has already commenced, and completion is scheduled for summer 2009. The sports retailer will join a tenant mix that includes recently opened stores Coach, Cork Wine Bar, Children’s Place, Lee Nails, Mimi’s Café, Paciugo and Red Robin, as well as Dillard’s, which is scheduled to hold its grand opening at the end of October. Pearland Town Center officially opened in July; the project is owned by Chattanooga, Tenn.-based CBL & Associates Properties.

October 24, 2008

Mixed-Use Southeast

$240 MILLION DEVELOPMENT BREAKS GROUND IN LOUISIANA

by admin October 23, 2008

COVINGTON, LA. — Colonial Properties Trust and Robert B. Aikens & Associates have broken ground on the 1 million-square-foot Colonial Pinnacle Nor du Lac. The $240 million development, located in St. Tammany Parish in Covington, will feature a hotel, 35,000 square feet of office space and 115 retailers and restaurants. Future tenants include Mignon Faget, Dillard’s, Kohl’s, Barnes & Noble and Dick’s Clothing and Sporting Goods. The project is slated for delivery in October 2009.

October 23, 2008

Midwest Mixed-Use

WALTER WAYNE COMMERCIAL REAL ESTATE ANNOUNCES TWO NEW PROJECTS

by admin October 21, 2008

CHERRY VALLEY, ILL. — On October 23, Walter Wayne Commercial Real Estate will formally announce construction plans for a 30,000-square-foot development, which will be located at the northeast corner of Newburg and Bell School roads in Cherry Valley. The $8 million Cherry Valley Crossing project will consist of four buildings situated across a 4-acre site. OSF Medical Group will occupy 7,000 square feet of space within one of the buildings; Bell Pantry & Liquor also has plans to occupy space at the project. In addition to Cherry Valley Crossing, the company has plans to develop Cherrywood, a $10 million office campus, which will be located at Newburg Road and Interstate 90 in Cherry Valley. The environmentally sustainable office complex will be situated on a 6-acre site, and will feature more than 600 feet of frontage along I-90.

October 21, 2008

Midwest Mixed-Use

LAKRITZ-WEBER BROKERS SALE OF MIXED-USE BUILDING

by admin October 15, 2008

CANTON, MICH. — LaKritz-Weber & Co. has brokered the sale of a mixed-use building within Cherry Hill Village, which is located at 50409 Independence St. in Canton. M & M International Enterprises LLC has acquired the 13,500-square-foot property from Cherry Hill Investors LLC. Adam Goodman and Tony Schmitt of LaKritz-Weber represented the seller in the transaction. The acquisition cost was not disclosed.

October 15, 2008

Mixed-Use Western

NORTHGATE CROSSING RECEIVES $26.5 MILLION DEVELOPMENT LOAN

by admin October 9, 2008

INDIO, CALIF. — Highland Realty Capital Inc. has arranged a $26.5 million loan for the land development of Northgate Crossing, a mixed-use, master-planned community in Indio. The 80-acre development is entitled for commercial, hospitality and residential uses and is located within an Enterprise Zone, which allows employers to obtain state tax credits. The borrower was Northgate Crossing LLC.

October 9, 2008

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