Mixed-Use

Solar Energy Company Signs Office Lease at Brickworks in Atlanta for New Headquarters

by John Nelson August 15, 2023

ATLANTA — Cherry Street Energy, an Atlanta-based solar energy company, has signed a new office lease at Brickworks, a 194,000-square-foot mixed-use development in Atlanta’s West Midtown district. The landlord, Asana Partners, signed the tenant to a 13,600-square-foot lease. Cherry Street Energy is relocating its headquarters to the Brickworks location and will bring over 50 employees, as well as install solar panel and electric vehicle charging stations. The firm, which previously occupied 1,500 square feet, recently received a $40 million investment to expand its footprint and hire new staff. Cherry Street Energy will utilize the space at Brickworks for both office space and research-and-development. Joey Kline and Terry McGuirk of JLL represented Cherry Street Energy in the lease negotiations. Bennett Gottlieb of Capital Real Estate Group represented Asana Partners.

August 15, 2023

California Development Mixed-Use Top Stories Western

Reuben Brothers Completes $2.5B Century Plaza Mixed-Use Project in Los Angeles

by Taylor Williams August 14, 2023

LOS ANGELES — Reuben Brothers, a private equity and real estate investment firm, has completed the development of Century Plaza, a $2.5 billion mixed-use project in the Century City area of Los Angeles. Sales and marketing of the development’s two 44-story residential towers totaling 268 for-sale residences will commence this fall. Designed by Pei Cobb Freed & Partners, the buildings offer residential amenities such as a pool, business center, outdoor dining spaces, a dog park and a children’s playroom. Century Plaza also features the reimagined Fairmont Century Plaza hotel, which comprises 400 guestrooms and 85 suites, as well as amenities such as a pool, spa and a fitness center. The hotel also houses multiple food-and-beverage options. The development’s retail component, The Shops at Century Plazas, consists of 100,000 square feet of shopping, dining and entertainment space. This piece of the development also includes a landscaped promenade and public green spaces with art installations. Additional updates on leasing activity within the retail component will also be announced this fall. “With its combination of luxury residences, trend-setting retail spaces and the iconic Fairmont Century Plaza at its core, the team is not only transforming Century Plaza but establishing LA’s newest luxury enclave,” says …

August 14, 2023

Acquisitions Colorado Mixed-Use Western

Rouler Advisors Buys 108,897 SF Westgate Centre Mixed-Use Property in Lakewood, Colorado

by Amy Works August 11, 2023

LAKEWOOD, COLO. — Rouler Advisors, through an affiliate, has purchased Westgate Centre, a mixed-use property in Lakewood. Avatar Westgate LP, a special purpose company that originally acquired the asset in late 2014, sold the property for an undisclosed price. Located at 3225-3265 S. Wadsworth Blvd., Westgate Centre features 108,897 square feet of mixed-use space. Rouler Advisors also controls the Mission Trace Center, a retail and office asset adjacent to Westgate Centre. The combined properties offer more than 16 acres of commercial property totaling 275,000 square feet along Wadsworth Boulevard. Rouler plans to implement several upgrades, including a new parking lot, landscaping, lighting and other improvements, at the new property.

August 11, 2023

Development Loans Mixed-Use Multifamily Southeast Student Housing Tennessee Top Stories

Joint Venture Receives $233.3M Construction Financing for Hub Knoxville Student Housing Project Near University of Tennessee

by Jeff Shaw August 11, 2023

KNOXVILLE, TENN. — Core Spaces, Schenk Realty and Kayne Anderson Real Estate have received $233.3 million in financing for the construction of Hub Knoxville, a 2,000-bed student housing community in downtown Knoxville adjacent to the University of Tennessee campus. According to the development team, this project would be the largest student housing development in Knoxville’s history. Hub Knoxville comprises 600 units across three towers, including two 10-story buildings and one seven-story building. Units come in studio through five-bedroom layouts. The project will also include an estimated 30,000 square feet of retail space and an 1,800-stall parking garage. Overall, Hub Knoxville spans over 4 acres in “The Strip,” Knoxville’s main hub downtown. Through a partnership with Covenant Health, the parking garage will also provide parking spaces dedicated to the Fort Sanders Regional Medical Center and East Tennessee Children’s Hospital. Construction on Hub Knoxville began this spring. The first phase of the project is slated for completion in fall 2025. The second phase is scheduled to open in 2026. Amenities will include a rooftop pool deck, a courtyard with grilling stations, a spa and fitness center, private study rooms and a coffee shop. Core Spaces and Schenk Realty are co-developers on the …

August 11, 2023

Acquisitions California Hospitality Mixed-Use Office Retail Western

BH Properties Purchases 322,000 SF Anchorage Square Mixed-Use Property in San Francisco

by Amy Works August 10, 2023

SAN FRANCISCO — BH Properties has acquired Anchorage Square, a 322,000-square-foot mixed-use property located in Fisherman’s Wharf in San Francisco. The seller and price were not disclosed. Built in 1974 and situated on 2.6 acres, the development features 63,000 square feet of retail space, as well as a 128-room hotel, 28,000 square feet of office space and a 685-space parking garage. The buyer plans to implement an extensive capital improvement program, which will include upgraded façades, landscaping, lighting, signage, wayfinding and tenant and common areas. The firm will also explore alternative uses for the office space such as restaurant and entertainment options. Eastdil Secured brokered the transaction, and Laura Barr of CBRE will lead the repositioning and leasing efforts at the property.

August 10, 2023

Development Mixed-Use New Jersey Northeast

Bedrin Organization Completes Mixed-Use Project in Hawthorne, New Jersey

by Taylor Williams August 10, 2023

HAWTHORNE, N.J. — The Bedrin Organization, a New Jersey-based development and investment firm, has completed Hedges at Hawthorne, a mixed-use project located in the northern part of The Garden State. Hedges at Hawthorne, a transit-served development, consists of 118 Class A apartments, a 120,000-square-foot self-storage facility that is operated by CubeSmart and 16,000 square feet of retail and restaurant space that is leased to Planet Fitness and Per Lei Café. Residential units come in studio, one- and two-bedroom formats, and amenities include a fitness center, coffee bar, rooftop lounge, coworking lounge, salon, pet spa and outdoor grilling and dining stations. Rents start at roughly $2,200 per month for a studio apartment.

August 10, 2023

Development Leasing Activity Mixed-Use Restaurant Retail South Carolina Southeast

RocaPoint Signs New Retail, Restaurant Tenants to Join $1B Greenville County Square Project

by John Nelson August 9, 2023

GREENVILLE, S.C. — RocaPoint Partners has signed three new tenants to join Greenville County Square, a $1 billion mixed-use development coming to downtown Greenville. The new tenants joining the 40-acre development include Pins Mechanical, a duckpin bowling, entertainment and food-and-beverage venue taking 24,366 square feet; Agave Bandido, an authentic Mexican restaurant taking 7,000 square feet; and Fairway Social, a golf-themed entertainment venue and restaurant spanning 9,100 square feet. The tenants are joining a roster that has commitments from Whole Foods Market and The Perch Kitchen & Tap. Other uses include offices for Lima One Capital and a 250,000-square-foot administrative building for Greenville County.

August 9, 2023

Development Mixed-Use Multifamily South Carolina Southeast

Woodfield, Revitate Deliver Mixed-Use Apartment Development at Morrison Yards in Charleston

by John Nelson August 8, 2023

CHARLESTON, S.C. — Woodfield Development has opened Morrison Yards Residences, a mixed-use apartment community located within the larger Morrison Yards master-planned development in Charleston. The property, which features 380 apartments and 27,250 square feet of ground-floor retail space, is located on a five-acre site at 838 Morrison Drive within an opportunity zone. Revitate’s opportunity zone platform RevOz Capital led investment in Morrison Yard, which upon completion will feature a 10-story office building, Kimpton Hotel and 40,000 square feet of retail space, in addition to Morrison Yards Residences. The apartment community includes studios, one-, two- and three-bedroom floor plans, as well as an open-air saltwater pool with sundecks, cabanas, grilling stations and TVs. Other amenities include 1.5 acres of outdoor courtyards, a dog park and a gym with fitness classes. Additionally, the property will be programmed with group gatherings such as wine tastings and cookouts. Rental rates start at $2,264 per month, according to the property website.

August 8, 2023

Development Maryland Mixed-Use Retail Southeast

MAG Partners Debuts Volo Beach Venue at $5B Baltimore Peninsula

by John Nelson August 8, 2023

BALTIMORE — MAG Partners has debuted Volo Beach, a 184,732-square-foot multipurpose sports entertainment venue located at Baltimore Peninsula (formerly Port Covington). The destination is a partnership between the developers of the $5 billion, 235-acre Baltimore Peninsula development, led by MAG Partners, and Volo Sports, a national provider of social and competitive adult sports leagues. Situated on more than four acres near the waterfront, Volo Beach is located directly behind the newly opening 1.1 million square feet of offices, shops, restaurants, apartments and hotels within Baltimore Peninsula. The venue will offer beach volleyball and pickleball courts, in addition to fields for kickball, soccer and flag football. The space features entertainment amenities like picnic tables and cornhole, and visitors will be able to enjoy food and beverages and sometimes live music. The leagues at Volo Beach, including youth leagues, are expected to be in full swing this fall.

August 8, 2023

Development Mixed-Use Oklahoma Texas

Gatehouse Capital Tops Out 132-Room Hotel at OAK Mixed-Use Project in Oklahoma City

by Taylor Williams August 8, 2023

OKLAHOMA CITY — Dallas-based Gatehouse Capital has topped out a 132-room boutique hotel that is part of Phase I of OAK, a 20-acre mixed-used project in Oklahoma City. The first phase also includes 135,000 square feet of retail and restaurant space, 320 apartments and a 7,000-square-foot central green space. Phase II will feature 100,000 square feet of office space and an additional 85,000 square feet of retail space. Full completion is slated for next September. Veritas Development is the master developer of OAK.

August 8, 2023

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