MOUNT JULIET, TENN. — GBT Realty Corp. and Robinson Properties have announced plans for Everett Downs, a mixed-use development in Mount Juliet, roughly 20 miles east of Nashville. GBT Realty will develop the retail portion of the project, which will comprise a 41,255-square-foot retail center. A 23,256-square-foot Sprouts Farmers Market will anchor the shopping center, which will also feature approximately 18,000 square feet of small shop and outparcel retail space. Completion of the retail component, which is currently 75 percent preleased, is scheduled for October 2025. Robinson Properties will develop Phase II of Everett Downs, which include a multifamily component.
CHARLOTTE, N.C. — Locally based development firm Crescent Communities has broken ground on Novel River District, a 318-unit apartment community in west Charlotte. The property will serve as the first multifamily component within The River District, a 1,400-acre master-planned community that will eventually house approximately 2,350 apartment options and 2,300 single-family homes. UMB Bank provided an undisclosed amount of construction financing for Novel River District, which is set to welcome first residents in early 2026. The community will be the cornerstone of the future Westrow town center and feature a mix of studio, one- and two-bedroom apartments. The project is designed to achieve National Green Building Standard’s (NGBS) Silver level of sustainability. Crescent’s design-build partners for Novel River District include Cooper Carry (architect), Crescent Communities Construction (general contractor), Ellinwood + Machado (structural engineer), ENGR3 (MEP engineer), BB+M Architecture (interior design) and Land Design (landscape design and civil engineering).
CHARLOTTE, N.C. — The Fallon Co., along with locally based general contractor Edifice Construction, has broken ground on The Colwick, a 234-unit apartment community in Charlotte’s Cotswold neighborhood. The property will feature one-, two- and three-bedroom apartments. Designed by Axiom Architecture, The Colwick’s amenities will feature a coworking lounge with video conferencing rooms, resort-style saltwater pool, onsite pet spa and dog park, fitness center with a private yoga studio, outdoor grill stations and a pizza oven, bike storage, garden courtyard with activity lawn and fireside lounge, resident lounge and game room, golf simulator and an outdoor gaming lawn with bistro lighting. Santander Bank provided an undisclosed amount of construction financing for the project, which is set for completion in late 2026.
CLEMSON, S.C. — Athens, Ga.-based Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was 97 percent occupied at the time of sale.
GLASGOW, KY. — Marcus & Millichap has arranged the $3.8 million sale of Hillview Apartments, a 72-unit multifamily community located at 200 Shalimar Drive in Glasgow, a city in south Kentucky. Situated approximately 42 miles west of Bowling Green, Ky., the property features one- and two-bedroom apartments and was built in 1974. Zack Hubiak of Marcus & Millichap’s Nashville office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Grant Fitzgerald, Marcus & Millichap’s broker of record in Kentucky, assisted in closing the transaction.
WARREN, N.J. — Cushman & Wakefield has brokered the sale of a 207,252-square-foot office building in the Northern New Jersey community of Warren. According to LoopNet Inc., the six-story building at 30 Independence Blvd. was originally constructed in 1997 and renovated in 2020. Amenities include a fitness center, conference facilities and a grab-and-go food counter. David Bernhaut, Frank DiTommaso, Maia Sirabian and Bill Baunach of Cushman & Wakefield represented the undisclosed seller in the transaction and procured the buyer, Signature Acquisitions. Brad Domenico of Cushman & Wakefield arranged an undisclosed amount of acquisition financing for the deal. The building was 52 percent leased to six tenants at the time of sale.
GROTON, CONN. — Atlantic Capital Partners, a regional brokerage firm and division of Atlantic Retail, has arranged the $15.1 million sale of Groton Shopper Mart, a 171,858-square-foot retail property in southern coastal Connecticut. Big Y Supermarket anchors the center, which was 77 percent leased at the time of sale. Other tenants include Starbucks, CVS and Chase Bank. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction. Stephen Joseph and Stephen Hassenflu, also with Atlantic Capital Partners, arranged an undisclosed amount of acquisition financing for the deal.
PARAMUS, N.J. — Four new tenants have signed leases at Bergen Town Center in the Northern New Jersey community of Paramus. Bath & Body Works (4,157 square feet) and Crumbl Cookies (2,138 square feet) are now open. Food-and-beverage concepts First Watch (4,790 square feet) and Tacoria (1,654 square feet) will open in 2025. Taryn Brandes, Emily Green and Alexandra Yanoff of Brand Urban LLC represented the landlord, Urban Edge Properties, in the lease negotiations with Crumbl, First Watch and Tacoria. Paul Schiffer represented Urban Edge in negotiations with Bath & Body Works on an internal basis. Amy Staats of Katz & Associates represented First Watch; William Cafero of Charter Realty represented Crumbl; and Joe Brendel of Newmark represented Tacoria.
NEW YORK CITY — CBRE has negotiated a 28,850-square-foot office lease at the former headquarters building of WeWork, which is located at 115 W. 18th St. in the Chelsea area of Manhattan. The tenant, culinary importer and distributor Roland Foods, will relocate its own corporate headquarters from Masonic Hall on West 23rd Street to the entire fifth floor of the six-story building. Joseph DeRosa and John Isaacs of CBRE represented Roland Foods in the lease negotiations. ABS Partners represented the landlord, Wasserstein Enterprises.
NORTH BRUNSWICK, N.J. — Bubble Island Playground will open a 5,975-square-foot indoor gym at The Shoppes at North Brunswick, a 147,054-square-foot lifestyle shopping center in Central New Jersey. The location will be the company’s first overall. Kevin Pelio of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Jim Cheng of eXp Realty represented the tenant. A tentative opening date was not announced.