Mixed-Use

Electra America, BH Group Unveil Plans for $1B Redevelopment of Southland Mall Site in Miami-Dade County

by John Nelson September 21, 2022

CUTLER BAY, FLA. — A few months after purchasing the former Southland Mall site in Cutler Bay for $100.4 million, owners Electra America (and affiliate American Landmark) and BH Group have unveiled plans for their $1 billion redevelopment of the 80-acre campus in Miami-Dade County. Named Southplace City Center, the mixed-use development will feature 4,395 residential units and over 500,000 square feet of retail space, with dining and entertaining venues at the existing mall and an additional 150,000 square feet of new retail space and outparcels for food-and-beverage operators, as well as a specialty grocer. Plans also call for a 150-room hotel, 60,000 square feet of medical office space, green spaces, man-made lakes, walking trails, bike and golf cart paths and transit access. The total project, to be completed over a seven-year time frame, is expected to create approximately 2,700 new jobs, according to Electra America and BH Group. The developers expect to break ground on the first residential building in mid-2023 and deliver the asset in early 2025, with rents starting at $2,500. The design-build team for Southplace City Center includes economic advisors Florida Economic Advisors, retail consultant CPH, master planner/designer MSA Architects Inc., landscape planner Insite Studio and …

September 21, 2022

Development Mixed-Use Restaurant Retail Southeast Tennessee

Southwest Value Partners, AEG to Open EVO Entertainment Venue at Nashville Yards

by John Nelson September 21, 2022

NASHVILLE, TENN. — Southwest Value Partners and AEG have executed an agreement with EVO Entertainment Group to open a new entertainment venue within Nashville Yards, an 18-acre mixed-use development in downtown Nashville. The destination, which represents the first Tennessee EVO location, will span 48,000 square feet within a 420,000-square-foot office building at Nashville Yards. Gary Shanks and Miller Fitts of JLL represented Austin-based EVO in the lease transaction. Slated to open in 2024, plans for EVO Entertainment Nashville Yards include a 12-screen dine-in cinema, eight lanes of bowling, kitchen and bar and private event spaces, as well as gaming and attractions, gravity ropes and virtual reality experiences. Other uses at Nashville Yards include an upcoming live music venue operated by AEG with a capacity for 4,500 guests; Amazon’s regional office towers; a multi-tenant office tower that will house headquarters for Pinnacle Financial Partners and Bass, Berry & Sims; shops and restaurants; seven acres of open plazas, courtyards and green space; and two hotels: the 591-room Grand Hyatt Nashville and the newly renovated Union Station Nashville Yards hotel.

September 21, 2022

Development Massachusetts Mixed-Use Northeast Top Stories

Construction Begins on 51-Story Redevelopment of Boston’s South Station Transit Hub

by Kristin Harlow September 21, 2022

BOSTON — Work has started on the expansion and improvement of the Governor Michael S. Dukakis Transportation Center at South Station in Boston. Designed by Pelli Clarke & Partners, the capstone of the project will be a 1 million-square-foot building that will rise 51 stories and offer a mix of office and multifamily uses. Construction is being privately funded. Currently, the South Station train station and bus terminal are two separate buildings, making connections between them difficult and inconvenient, according to Hines, which is leading the development. The project will allow for convenient transfers between all modes of transit, with direct connections between the rail and bus terminals. The new outdoor concourse area will increase in size by 67 percent for an improved experience for passengers and people passing through the station. The new bus terminal will increase capacity by more than 50 percent. Along with creating a new public space at the train station concourse, the project will also improve the streetscape along Atlantic Avenue with new sidewalks, granite curbs, streetlights, greenery and street furniture. “This transportation center will embody what we want people to feel about our city when they first set foot here and what the ethos …

September 21, 2022

Development Illinois Midwest Mixed-Use Office

CEDARst, WeWork to Open Flexible Workspace at Bridgeview Bank Redevelopment in Chicago

by Kristin Harlow September 19, 2022

CHICAGO — CEDARst Cos. and WeWork have unveiled plans to open the first WeWork location on Chicago’s North Side as part of the adaptive reuse project of the Bridgeview Bank building. The WeWork location will offer nearly 25,000 square feet of flexible workspace and is slated to open this fall. CEDARst is redeveloping the historic property into a $58 million mixed-use project. Plans call for 176 apartment units, 13,500 square feet of retail space and 19,000 square feet of office space in addition to the WeWork space. CEDARst’s property management company, FLATS, will manage the asset. The Bridgeview Bank building dates back to 1925.

September 19, 2022

California Development Mixed-Use Multifamily Retail Western

USAA Real Estate, Hines Start Construction of Riverwalk San Diego Mixed-Use Project

by Amy Works September 16, 2022

SAN DIEGO — Hines, in partnership with USAA Real Estate, has started construction on the first phase of the 200-acre Riverwalk San Diego, a transit-oriented, mixed-use property in San Diego. The first phase will include 900 residential rental units, ranging from studios to townhomes, in five buildings along Friars Road; a neighborhood-serving retail space; village green; and traffic, sidewalk and bike lane improvements along Friars Road. Completion is slated for early 2025. The Riverwalk plan that was established through a partnership between Hines and the Levi-Cushman family landowners will transform Mission Valley West neighborhood, according to the development partnership.

September 16, 2022

Development Mixed-Use Southeast Virginia

Prince William County Approves $380M Mixed-Use Development in Woodbridge, Virginia

by John Nelson September 15, 2022

WOODBRIDGE, VA. — The Prince William County Board of Supervisors has unanimously approved the development of Riverside Station, a 19.2-acre mixed-use development located at the intersection of U.S. Route 1 and Route 123 in north Woodbridge. The co-developers, The IDI Group Cos. and Boosalis Properties, expect the town center-style development to bring over $380 million in capital investment to the area. The proposal includes up to 970 housing units and a minimum of 130,000 square feet of commercial space, primarily comprising dining and retail, as well as green spaces and a pedestrian bridge over Route 1. Eight percent of the project’s apartments are set to be affordable to households earning between 60 percent and 100 percent of the area median income. Riverside Station will be developed in three phases, with construction of the first phase, containing up to 330 apartments and 40,000 square feet of commercial space, slated to begin in mid-2023 and deliver in 2025. The current assemblage includes two parcels, one a former car dealership and the other housing a Food Lion-anchored shopping center that will be demolished. Riverside Station is expected to house the relocated Food Lion, according to a source familiar with the development. Once complete, …

September 15, 2022

Development Georgia Leasing Activity Mixed-Use Restaurant Retail Southeast

GID to Bring Hampton Social Restaurant to $2B High Street Project in Atlanta

by John Nelson September 15, 2022

ATLANTA — GID, the developer of the $2 billion High Street mixed-use project in Atlanta’s Central Perimeter district, has executed a lease with Parker Hospitality to bring a Hampton Social restaurant to the development. The coastal-inspired restaurant chain is part of the first phase of the 36-acre project and is set to open in 2024. Hampton Social will span 10,455 square feet across two levels and serve cocktails, its famed “rosé all day” menu and seasonal seafood food for lunch, dinner and weekend brunch. The Hampton Social has locations throughout the United States including Illinois, Florida and Tennessee, and High Street will be its first location in Georgia. Led by GID, High Street’s first phase is under construction and encompasses approximately 150,000 square feet of entertainment-driven retail and restaurant space, a central events plaza, 600 luxury apartments, 90,000 square feet of loft offices and 222,000 square feet of existing office space. Earlier this year, GID announced Puttshack as an entertainment anchor for High Street’s first phase. Molly Morgan is leading the retail leasing assignment for High Street, along with Allie Spangler and 10Twelve, JLL’s boutique agency leasing team.

September 15, 2022

Alabama Development Mixed-Use Multifamily Office Retail Southeast Top Stories

RCP Plans $110M Anthem House Mixed-Use Development in Huntsville, Alabama

by Jeff Shaw September 13, 2022

HUNTSVILLE, ALA. — RCP Cos. has announced plans for Anthem House, a $110 million mixed-use development in Huntsville’s new MidCity district. The property will feature 330 apartment units, 35,000 square feet of creative office space and 32,000 square feet of street-level retail space. Named for MidCity’s music theme, Anthem House will offer a “residential-meets-hospitality housing solution” with furnished units, shorter lease contracts and hotel-like surroundings and amenities. Most of the major aerospace companies have a presence in Huntsville, which is home to regional employers including U.S. Army post Redstone Arsenal and Cummings Research Park. Additionally, the city offers twice the amount of government jobs per capita than any other city in the country. Huntsville’s workforce demographics feature many remote and contract workers who greatly prefer the multifamily-hospitality niche for their housing. “Currently, Huntsville has a housing deficit that is accentuated by the continued job growth in the market,” says RCP co-founder Max Grelier. “The shift in consumer preferences, particularly among millennials, is driving demand for more hospitality features within real estate projects, including more amenities, hosting events and activities which bring residents together.” U.S. News & World Report named Huntsville as the best place to live in the United States …

September 13, 2022

Loans Mixed-Use Multifamily Oregon Restaurant Retail Western

Dwight Capital Provides $17.5M HUD Loan for Everett Street Lofts in Portland

by Amy Works September 9, 2022

PORTLAND, ORE. — Dwight Capital has provided a $17.5 million HUD 223(f) loan for Everett Street Lofts, a mixed-used development in Portland. Josh Sasouness of Dwight Capital originated the transaction, and Lake Oswego-based McBride Capital was the correspondent. Built in 2021, the property features 117 apartments and three ground-floor retail spaces. Community amenities include a dog wash station, keyless security access system, indoor bicycle storage and in-unit washers/dryers. Mikiko Mochi Donuts and Concrete Treehouse Salon occupy the retail space.

September 9, 2022

Development Mixed-Use Multifamily North Carolina Retail Southeast

Portman Unveils Plans for 2161 Hawkins Mixed-Use Project in Charlotte’s South End

by John Nelson September 9, 2022

CHARLOTTE, N.C. — Portman has unveiled plans for 2161 Hawkins, a transit-oriented, mixed-use development in Charlotte’s South End. In addition to 370 apartments, the 24-story property will feature 18,700 square feet of ground-floor retail space and a plaza and greenspace that will connect 2161 Hawkins to The Line, Portman’s Class A office tower that opened earlier this year. The two towers will also be connected via a fourth-floor sky bridge. The Atlanta-based company will break ground on the 1.5-acre site for 2161 Hawkins in October, with delivery slated for third-quarter 2024. Planned community amenities include concierge service, a rooftop pool, coworking spaces, game room, climbing wall and indoor/outdoor fitness centers. Committed tenants for 2161 Hawkins’ retail space include the popular Sycamore Brewery, local restaurateur Dressler’s new concept Chapter 6, neighborhood market Savi Provisions and fitness concept GritBox Fitness. Foundry Commercial is handling leasing the retail component for 2161 Hawkins.

September 9, 2022

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