DALLAS — Post Properties is developing a mixed-use project located at the southeast corner of Campbell Street and Central Expressway in Dallas. The property will include 80,000 square feet of retail, approximately 200,000 square feet of office space, 435 residential units, a 1-acre park and an amphitheater all near the DART rail line. The complex, which broke ground in November 2006, will house four, four-story buildings. Amenities included at Post Eastside include two swimming pools, an outdoor cabana, a club room, free Wi-Fi in common areas, a fitness center and an Internet Caf. Retailers at the development will include Panera Bread, Boudreaux’s Cajun Kitchen, Dr. Goad Dentistry and Frost Bank. The first building in the residential portion of the property is scheduled for completion on May 1.
Mixed-Use
SAN ANTONIO — USAA Real Estate Co. will develop The Town Center at La Cantera, a mixed-use project located at the intersection of Interstate 10 and Loop 1604 in San Antonio. The development, which is being built on 178 acres adjacent to The Shops at La Cantera, will include approximately 1 million square feet of office space, retail, a hotel and spa and 500 residential units. The new center will extend out from The Shops at La Cantera, which has a new boulevard attaching La Cantera and its future development sites directly to Interstate 10.
NEW YORK CITY — The Dermot Company and CASA Partners IV, LP, have acquired three apartment buildings on the Upper West Side in Manhattan, New York City. The adjacent buildings, which are located at 210, 220 and 230 W. 107th St. between Amsterdam Avenue and Broadway, contain a total of 180 units. Cushman & Wakefield Sonnenblick Goldman arranged the equity financing. CASA Partners IV is a fund sponsored by Henderson Global Investors, which formed the joint venture through its Manager of Partners program.
CEDAR HILL, TEXAS — Dallas-based The MGHerring Group has completed development on the Uptown Village at Cedar Hill, a lifestyle center located at FM 1382 and Highway 67 in Cedar Hill. The 725,000-square-foot retail center, which initially broke ground in June 2006, has opened various retailers and will continue to do so through this summer. Retailers currently open at the shopping center include Dillard’s, Coldwater Creek, Victoria's Secret, Bath & Body Works, Hollister, American Eagle Outfitters, Buckle, Aeropostale, Aveda, Finish Line, Champs and Matt’s Rancho Martinez. Dillard’s will anchor Uptown Village along with Barnes & Noble (opening in April) and Dick’s Sporting Goods (opening in July). The center also houses 27,000 square feet of office space.
WESTLAKE VILLAGE, CALIF. — Phoenix-based Opus West is developing Opus Corporate Center at Westlake Village, a $180 million mixed-use development located at the junction of U.S. 101 Freeway and Lindero Canyon Road in Westlake Village. The 435,000-square-foot center will feature twin Class A office buildings totaling 361,000 square feet, three freestanding restaurant pads, a 45,000-square-foot fitness facility and 8,000 square feet of service retail. The project is slated to break ground in April, with completion expected in first quarter 2009. Opus Architects & Engineers is the project designer, while Opus West Construction Corp. is serving as general contractor.
BELLEVIEW, FLA. — South Florida-based Skyrise Development is building Belleview Center, a 9-acre, 22,295-square-foot mixed-use project in Belleview, located at the intersection of SE 67th Street and Highway 44. The development is comprised of an open-air shopping center, gas station, 55-unit apartment complex and flex space. Construction is slated to begin this summer.
BELLEVIEW, FLA. — South Florida-based Skyrise Development is building Belleview Center, a 9-acre, 22,295-square-foot mixed-use project in Belleview, located at the intersection of SE 67th Street and Highway 44. The development is comprised of an open-air shopping center, gas station, 55-unit apartment complex and flex space. Construction is slated to begin this summer.
CHESTER, PA. — The Buccini/Pollin Group is set to construct a $500 million mixed-use development along the Chester waterfront. The project will include 180 townhomes, 225 apartment units, 435,000 square feet of office space, a 200,000-square-foot convention center, 1,350-space parking structure and 42,000 square feet of retail space, which includes an 8,000-square-foot restaurant. The project will also include a 20,000-seat stadium and entertainment complex. Construction is slated to begin this fall and will be completed in phases over the next 5 years.
CHESTER, PA. — The Buccini/Pollin Group is set to construct a $500 million mixed-use development along the Chester waterfront. The project will include 180 townhomes, 225 apartment units, 435,000 square feet of office space, a 200,000-square-foot convention center, 1,350-space parking structure and 42,000 square feet of retail space, which includes an 8,000-square-foot restaurant. The project will also include a 20,000-seat stadium and entertainment complex. Construction is slated to begin this fall and will be completed in phases over the next 5 years.
AUSTIN, TEXAS — Live Oak Capital Ltd. has arranged financing for the development of The Austonian, a mixed-use project located at the corner of Second Street and Congress Avenue in Austin. The 56-story, 188-unit residential property, which is being developed by Second Congress Ltd., also will feature 16,500 square feet of retail space. The project, which is being designed by Ziegler Cooper Architects, is scheduled for completion in 2010. Live Oak Capital arranged the 5-year, undisclosed loan for the development with Aareal Bank AG.