Monday, February 24, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Mixed-Use

Affordable HousingDevelopmentFloridaMixed-UseMultifamilyOfficeRetailSoutheast

Coral Rock to Develop Mixed-Use Affordable Housing Project in North Miami

by John Nelson

NORTH MIAMI, FLA. — Coral Rock Development Group, a real estate developer based in Coral Gables, Fla., plans to build Kayla at Library Place, a mixed-use affordable housing project located at 13100 W. Dixie Highway in North Miami. The 10-story property will comprise 138 affordable and workforce housing units ranging between 660 to 930 square feet, as well as amenities including a fitness center, rooftop patio, business center and a conference room. Fifty-five apartments will be reserved for households earning 60 percent of area median income (AMI) while 83 units will be designated affordable at 100 percent of AMI. Additionally, Kayla at Library Place will feature 10,000 square feet of retail space on the ground level, an adjacent parking garage and 8,000 square feet of office and conference space preleased to the Greater North Miami Chamber of Commerce. Behar Font designed Kayla at Library Place to achieve LEED Silver certification. Coral Rock expects to break ground in the second quarter of 2023 and deliver the project by the end of 2024.

Continue Reading
FacebookTwitterLinkedinEmail
Cadence-Frisco-Station
Market ReportsMixed-UseTexasTexas Market Reports

More Than A Cliche: How Frisco Has Become the Ultimate Live-Work-Play Suburb

by Taylor Williams

By Chris McCluskey, vice president of development, VanTrust Real Estate; and Robert Folzenlogen, senior vice president of strategic development, Hillwood In the past decade, the popularity of “live-work-play” developments has skyrocketed, making the concept a somewhat overused cliché in the commercial real estate world.  However, the reasoning behind the acclaim remains true — people love convenience and a sense of community. And “live-work-play” is the reason that cities like Frisco that are located outside dense urban cores have thrived. According to the U.S. Census Bureau, Frisco’s population has grown by 71 percent over the last decade, consistently ranking as one of the fastest-growing cities in the nation. But this growth did not happen overnight; rather, a combination of ideal location and elected leaders’ vision has driven much of Frisco’s success.  By prioritizing all real estate classes — office, residential, retail — Frisco has been able to find the right balance between bustling urban amenities and the serene background of suburbia, making it one of the most competitive landscapes today and for the foreseeable future.  A Balanced Approach Suburbs are no longer known for just their family appeal, although this feature still remains a high priority for many households. Young professionals …

Continue Reading
FacebookTwitterLinkedinEmail
Cadence-Frisco-Station
Market ReportsMixed-UseTexasTexas Market Reports

More Than A Clichè: How Frisco Has Become the Ultimate ‘Live-Work-Play’ Suburb

by Taylor Williams

By Chris McCluskey, vice president of development, VanTrust Real Estate; and Robert Folzenlogen, senior vice president of strategic development, Hillwood In the past decade, the popularity of “live-work-play” developments has skyrocketed, making the concept a somewhat overused cliché in the commercial real estate world.  However, the reasoning behind the acclaim remains true — people love convenience and a sense of community. And “live-work-play” is the reason that cities like Frisco that are located outside dense urban cores have thrived. According to the U.S. Census Bureau, Frisco’s population has grown by 71 percent over the last decade, consistently ranking as one of the fastest-growing cities in the nation. But this growth did not happen overnight; rather, a combination of ideal location and elected leaders’ vision has driven much of Frisco’s success.  By prioritizing all real estate classes — office, residential, retail — Frisco has been able to find the right balance between bustling urban amenities and the serene background of suburbia, making it one of the most competitive landscapes today and for the foreseeable future.  A Balanced Approach Suburbs are no longer known for just their family appeal, although this feature still remains a high priority for many households. Young professionals …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMixed-UseMultifamilySoutheast

Flaherty & Collins to Develop $103M Apartment Community in Downtown Cape Coral, Florida

by John Nelson

CAPE CORAL, FLA. — Flaherty & Collins Properties plans to break ground on The Cove at 47th, a $103 million mixed-use project in downtown Cape Coral. The development will include 327 luxury apartments, 19,000 square feet of ground-floor commercial space and a 585-space parking garage, with 125 spaces reserved for the public. Apartments will come in studio, one-and two-bedroom configurations. The development will also include a steakhouse and sushi concept, Blu Sushi, that will serve as the anchor tenant. The project also includes a resident rooftop sky deck, rooftop bar and resort-style amenities, including a beach-entry saltwater pool with lap lanes, coworking suites, fitness center, pet spa and private electric vehicle charging stations. The project team includes general contractor DeAngelis Diamond and architectural firm Baker Barrios Architects. First Financial Bank and Huntington Bank are providing construction financing to Flaherty & Collins, which expects to open first units in about 16 months and all units by late summer 2024.

Continue Reading
FacebookTwitterLinkedinEmail
District of ColumbiaLoansMixed-UseOfficeRetailSoutheast

Grosvenor Obtains $82.1M Refinancing Loan for Mixed-Use Building in D.C.

by John Nelson

WASHINGTON, D.C. — Grosvenor has obtained an $82.1 million loan to refinance 1500 K Street, a 262,190-square-foot mixed-use building in Washington, D.C. Eastdil Secured arranged the loan through Helaba on behalf of Grosvenor. Built in 1928, 1500 K Street comprises offices and retail space. The property is situated near the McPherson Square Metro station and the White House, as well as Washington, D.C.’s downtown and East End districts. Grosvenor recently invested $20 million to renovate the property, including updates to the lobby, fitness center, tenant lounge, HVAC system, roof and rooftop lounge.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseTexas

Thompson Realty, Trez Capital to Develop 50-Acre Mixed-Use Project in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — A partnership between Thompson Realty Capital and Trez Capital will develop a 50-acre mixed-use project in the northern metroplex city of Flower Mound. The initial phase of development calls for a 200-unit apartment complex, a 60,000-square-foot office building with underground parking and 15,000 square feet of retail/restaurant space. The development will also feature 20 acres of public parks and open green space, as well as 2.5 miles of walking trails. Cross Architects, GSO Architects and Alliance Architects are respectively designing the multifamily, retail and office components. Construction is scheduled to begin this fall, and completion of Phase I is slated for early 2024.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMixed-UseMultifamilySoutheast

Suffolk to Build 46-Story Mixed-Use Condominium Tower in Downtown St. Petersburg, Florida

by John Nelson

ST. PETERSBURG, FLA. — Suffolk Construction Co. has been selected to build The Residences at 400 Central, a 46-story mixed-use condominium tower located in downtown St. Petersburg. The 1.3 million-square-foot project will feature 301 condominiums, shops, Class A offices, restaurants and a rooftop observatory with views from Tampa Bay to the Gulf of Mexico. The condos will consist of one- to four-bedroom floorplans, as well as some customized penthouse homes. Residents will have access to more than 35,000 square feet of private indoor and outdoor amenities upon completion. Construction crews are preparing to drill test pilings for the 400 Central tower foundation, which will be immediately followed by the start of foundation work. Red Apple Real Estate and Michael Saunders & Co. are the development team behind 400 Central. The duo established a sales gallery near the site at 465 Central Ave.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLeasing ActivityMixed-UseOfficeSoutheastTennessee

JLL Debuts 26,000 SF Flex Coworking Space at Cummins Station in Downtown Nashville

by John Nelson

NASHVILLE, TENN. — JLL has opened a 26,000-square-foot flex office and coworking space on the top floor of Cummins Station, a mixed-use adaptive reuse development located at 209 10th Ave. S in downtown Nashville. Named prosprCS, the space features private offices, coworking space, meeting rooms, team suites and virtual offices. The space comes equipped with ergonomic furniture, Tier 1 fiber broadband internet access, interactive client portals to book meeting rooms digitally, an onsite hospitality team and in-place audio-visual equipment. JLL is leading the leasing and management operations of prosprCS. Developed and managed DZL Management, Cummins Station spans more than 400,000 square feet and features the Gibson Guitar U.S. headquarters, the Gibson Garage flagship retail store, Smart USA Co., Revive and Outback Presents.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseMultifamilyNorth CarolinaSoutheast

Northmarq Brokers Sale of One City Center Apartments in Downtown Durham

by John Nelson

DURHAM, N.C. — Northmarq has brokered the sale of the apartments at One City Center, a 28-story mixed-use tower located at 110 Corcoran St. in downtown Durham. Jeff Glenn, Allan Lynch, Andrea Howard, Caylor Mark, John Currin and Sara Wagman of Northmarq represented the seller and developer, Austin Lawrence Partners, in the transaction. The buyer and sales price were not disclosed. Built in 2019, the property features 109 apartments, as well as a rooftop pool and hot tub, fitness center and a courtyard on the sixth floor with an al fresco dining area and fenced dog park. Individual units feature floor-to-ceiling windows, custom quartz countertops and private balconies. One City Center also features 30 for-sale condominiums, 130,000 square feet of office space and 22,000 square feet of retail space that were not part of the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMixed-UseSoutheast

Berkadia Secures $43.5M Refinancing of Mixed-Use Property in Miami’s Design District

by John Nelson

MIAMI — Berkadia has arranged a $43.5 million loan to refinance a 112,896-square-foot mixed-use property located at 4141 NE 2nd Ave. in Miami’s Design District. Scott Wadler, Matthew Nihan and Michael Basinski of Berkadia’s Miami office secured the financing on behalf of Dacra, a local real estate owner-operator that owns more than 1 million square feet of space. LMF provided the 10-year, fixed-rate loan. The property houses a combination of office and retail tenants, including B&B Italia, Design Within Reach, iHeart Media and MC Kitchen.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts