BLUE MOUND, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has completed the sale of a 27-acre land parcel located in Blue Mound. The buyer, California-based Hearthstone Properties Delaware LLC, plans to use the property to expand its current industrial facility, which is used as an auctioning arena and storage facility for Truckcenter.com. The seller was Santa Barbara, Calif.-based Hilzer Family Trust. Pete Richardson and Drew Richardson of HSMC represented both parties in the transaction.
WASHINGTON, D.C. — Washington-based Perseus Realty, in partnership with YMCA of Metropolitan Washington, FLGA Real Estate Group and Capmark Investments, has broken ground on a $97 million mixed-use project, located at the intersection of 14th and W streets in Washington’s U Street Corridor. The property includes 231 apartments, a 46,000-square-foot redevelopment of a historic YMCA and 12,200 square feet of retail space. The $15 million YMCA building will feature fitness and childcare facilities, meeting rooms and a 25-meter indoor swimming pool. Hellmuth, Obata & Kassabaum and Davis Carter Scott Ltd. are designing the 263,000-square-foot development. Delivery is expected by December 2010.
MORRISVILLE, N.C. — Raleigh, N.C.-based JDavis Architects and Fairfax, Va.-based Dewberry have completed the $32 million Grace Park, a mixed-use community located at the intersection of Morrisville Carpenter Road and Davis Drive in Morrisville. The project includes 250,000 square feet of residential space broken up into apartments, two-story brownstones and townhomes. A proposed 87,0000 square feet of retail and restaurant space will house tenants such as Starbucks Coffee, Quiznos Sub, Salon SOS, Dairy Queen, Buffalo Wings and Rings and Anytime Fitness.
WOOD-RIDGE, N.J. — Lakewood, N.J.-based Somerset Development has received final approval for the development of Phase I of Westmont Station, a 70-acre, transit-oriented, mixed-use project located at the former Curtiss-Wright site in Wood-Ridge. Phase I will include the construction of four buildings containing 406 apartment residences, as well as 27 single-family homes, 36 townhomes, 11 live-work townhomes, and approximately 25,000 square feet of retail and commercial space. Of the apartments, 61 will be affordable housing units. The apartments are being developed by AvalonBay Communities; occupancy for the first phase is scheduled for 2010 Additional construction will consist of the project’s anchor, a New Jersey Transit Train Station. Construction for it is slated to begin in 2009, with completion in 2011. Ultimately, the project will contain 788 residential units, 130,000 square feet of retail and office space, a public square, a new middle school, athletic fields, and walking and biking paths. The project is also participating in the LEED Neighborhood Development pilot program.
WOODBRIDGE, VA. — Catons Ridge Office Park LLC has broken ground on the 200-unit Fairfield at Catons Crossing, part of the 400,000-square-foot Catons Crossing mixed-use project located in the Potomac Mills area of Woodbridge. The apartment complex will encompass six four-story buildings, and amenities include a clubhouse and a pool.
EL PASO, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has brokered the purchase of a nine-story, mixed-use building located at One Union Fashion Center in downtown El Paso. The building comprises 212,000 square feet; it features retail space on the first two floors, and office and residential space on the top seven floors. Shawn Ackerman and Jason Gaines of HSMC represented the buyer, J&M Sales of Texas, which is a subsidiary of Gardena, Calif.-based National Stores. Doing business as Fallas Paredes, the buyer plans to move into the retail portion of the building by the end of 2009. The seller, VEK#2 LP, was represented by Dan Foster of the El Paso office of Grubb & Ellis.
CHARLOTTE, N.C. — North Carolina-based Grubb Properties has broken ground on a mixed-use complex, located at 1515 Elizabeth Ave. in Charlotte, featuring a 78,000-square-foot medical office building, 20,000-square feet of retail space and the 282-unit Sterling Elizabeth Apartment Homes. The site is located near the entrance to Presbyterian Hospital and is part of the overall Elizabeth Avenue development plan that calls for 250,000 square feet of retail, 340,000 square feet of office space and 850 residences. Grubb Properties’ project is expected to cost $75 million and will deliver in early 2010.
NAPLES, FLA. — A 53,000-square-foot Whole Foods has opened its doors at The Mercato, a mixed-use project spanning 53 acres at the intersection of U.S. 41 North and Vanderbilt Beach Road in Naples. The center, a joint venture between The Lutgert Companies and Barron Collier Cos., will welcome more tenant openings in the coming months, with a grand opening slated for next year.
TEMPE, ARIZ. — Opus West Corp. has partnered with US Airways to develop Tempe Gateway, a mixed-use project at the corner of Mill Avenue and Third Street in Tempe. The eight-story, 260,000-square-foot development will feature retail, entertainment and office space. The ground level will offer 25,000 square feet of retail and restaurant space, while the remaining floors will offer 235,000 square feet of office space. Additionally, the project features a 1,000-plus-space above-ground parking garage. The project, which offers light rail access, is employing green design elements to create a sustainable project.
TAMPA, FLA. — Taylor & Mathis of Florida and MetLife Insurance Co. have tapped Florida-based api(+) to help design the more than 1 million square-foot MetWest, a mixed-use project spanning 31 acres across from the International Plaza shopping center in Tampa. The property will feature 77,000 square feet of retail space mixed with office, hotel and residential components. api(+) will provide design services for the retail and restaurant spaces as well as developing the graphic identity, wayfinding and environmental graphics programs.