HOUSTON — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square feet of retail space. Redevelopment of the property will comprise more than 150,000 square feet of mixed-use retail and restaurant space, including 60,000 square feet of new construction. Two additional buildings will be developed along Post Oak Boulevard with a “prominent jewel box restaurant” planned at the corner of Ambassador Way. To create a more walkable district, the City of Houston recently completed a $192 million renovation of Post Oak Boulevard that featured widened sidewalks and streets, new lighting and nearly 1,000 oak trees. Midway also plans to reposition several of the site’s heritage live oak trees to create a more pedestrian-friendly environment. “We are reimagining Central Park …
Retail
AUSTIN, TEXAS — Google has opened a 2,257-square-foot store under at The Domain Northside in Austin. The store offer products made by Google, such as Pixel phones, watches and tablets, Nest cameras, Fitbit trackers and branded merchandise. The Austin Google Store also has experts on hand to help customers with technological troubleshooting issues and phone repairs.
Diversified Partners to Develop 75,000 SF Entertainment Space at Mixed-Use Project in Phoenix
by Amy Works
PHOENIX — Scottsdale-based Diversified Partners has signed The Rush Funplex, a 75,000-square-foot indoor family entertainment center, to anchor its new 14-acre mixed-use development located in the Phoenix neighborhood of Laveen. Construction is expected to begin by early 2026, with a grand opening scheduled for December 2026. Developed by Diversified Partners and designed by RKAA Architects, the facility will feature go-karts, bowling, a rock-climbing wall with a foam pit, laser tag, mini-golf, arcade, bumper cars, kiddie cars, private party rooms and a café. Additional tenants that will join The Rush Funplex at the property include QuikTrip, Bubble Bath Car Wash, Express Oil Change & Tire Engineers, Hippo Veterinary Hospital and a national burger chain. This location marks The Rush Funplex’s second location in Arizona. The company’s first Arizona location will open in Goodyear as part of another Diversified Partners development.
HOBART, IND. — The Boulder Group has arranged the $2.1 million sale of a single-tenant retail property net leased to Dollar General Market in Hobart within southwest Indiana. The newly constructed building is the larger prototype of 12,480 square feet. There are 15 years remaining on the lease, which features 5 percent rental escalations every five years throughout the primary term and at all five of the five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based developer. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the buyer, an Indiana-based individual completing a 1031 exchange.
OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park. The restaurant will occupy space within a 15,500-square-foot pad building of Corbin Park Retail Village and will join co-tenants American Red Cross, Mozari Alterations and Embody. The name Desi Chowrastha is derived from “Desi,” a word used to describe the people, cultures and products of India, Pakistan and Bangladesh, and “Chowrastha,” a word used to communicate the joint to hang out with friends and how Indian culture evolved around them. The menu features a variety of kabobs, curries, appetizers and sandwiches. The chain currently has 25 franchisees across America, with many others under contract. Block & Co. is the leasing and property management company for the pad building.
WAXAHACHIE, TEXAS — SRS Real Estate Partners has brokered the sale of North Grove Cetner I and II, a 20,141-square-foot office and retail complex in the southern Dallas suburb of Waxahachie. The property consists of a 15,641-square-foot retail and office property that is fully leased to 11 tenants, as well as a 4,500-square-foot, single-tenant structure that is occupied by Fish City Grill. Michael Kaplan, Matthew Mousavi and Patrick Luther of SRS represented the seller, a Texas-based family office, in the transaction. The buyer was also a Texas-based family office that acquired the property in an off-market deal.
HIGH POINT, N.C. — FrostPoint Capital, a privately held real estate investment and management firm based in West Palm Beach, Fla., has purchased a 33,455-square-foot retail center in High Point, a city in North Carolina’s Triad region. Berkeley Capital Advisors brokered the transaction. The seller and sales price were not disclosed. The unanchored shopping center is located at 1800 N. Main St., about a mile west of High Point University. The property’s tenant roster includes Company’s Coming, 98 Asian Bistro, Tea Time Boba Tea Lounge, Hair Kutts Salon, Still Waters Spa, TL Fitness and Q’s Corner. FrostPoint Capital is planning an extensive redevelopment that will pay tribute to the site’s former occupant, Lyles Chevrolet. This transaction marks FrostPoint Capital’s 14th acquisition in the Southeast and first in North Carolina.
Grossman Development Signs Eight New Tenants to Join $100M Gallatin Valley Mall Redevelopment Project in Bozeman, Montana
by Amy Works
BOZEMAN, MONT. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell. The mixed-use project’s 45,000-square-foot Medical Pavilion, which houses Intermountain Health, Ortho Montana and Gallatin Valley Surgery Center, opened in August 2024, while High Street, an outdoor retail experience, is set to open in summer 2025. Other tenants at the property include Macy’s, Barnes & Noble, Gallatin Valley Cinemas and Whole Foods Market. Additionally, interior upgrades to the existing shopping center include new lighting, carpet and refreshed common areas. Gallatin Mall Group, in partnership with Grossman Development Group, Boston Realty Advisors and The Broadway Co., is leading the project.
CHICAGO — The NHL’s Chicago Blackhawks have revealed renderings for the forthcoming expansion of Fifth Third Arena. Originally opened in 2017, the facility has been undergoing renovations since May 2024. When complete in January 2026, the venue will boast more than 250,000 square feet of community hockey space and training facilities. The Blackhawks estimate that Fifth Third Arena will welcome more than 1.5 million guests per year and impact economic growth on Chicago’s West Side, solidifying the arena as a destination for youth and amateur hockey alongside new offerings for Blackhawks fans. The arena will connect to the United Center campus’ forthcoming 1901 Project. The facility remains the official training home to the Blackhawks and will also become the permanent home of Chicago Steel, the region’s United States Hockey League that was acquired by Wirtz Corp. in 2023. The expansion will transform Fifth Third Arena from a hockey facility into a versatile venue that can host events of all sizes and year-round programming. Championship Arena, one of the two new rinks, will offer stadium-style seating and hospitality areas for 2,000 spectators. As the future new home of the Chicago Steel, the arena will feature a center scoreboard, video ribbon boards …
DETROIT — Friedman Real Estate has brokered the $3.9 million sale of the former First Independence Bank building located at 100 Michigan Ave. in Detroit. The retail building totals 20,756 square feet. Andrew Bower, Steve Eisenshtadt and Peter Jankowski of Friedman represented the seller. Buyer and seller information was not released.