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The-Switchyard
ArizonaDevelopmentMixed-UseMultifamilyOfficeRestaurantRetailTop StoriesWestern

Creation to Break Ground on $120M The Switchyard Mixed-Use Development in Suburban Phoenix

by Katie Sloan

QUEEN CREEK, ARIZ. — Development firm Creation is set to break ground on The Switchyard, a $120 million mixed-use development located at the northeast corner of Ellsworth and Ocotillo roads in the Phoenix suburb of Queen Creek.  Plans for the 10-acre project include the development of 54,000 square feet of restaurant, retail, residential and office space. The retail portion of the development will include a 3,800-square-foot Postino wine café and an 11,900-square-food restaurant called The Porch, which will include an expansive outdoor patio.  Creation plans to break ground on the multi-phase project later this year. Phase I is scheduled for completion in early 2026. The development team includes Dallas-based architect GFF Design and general contractor LGE Design Build.  Creation is a real estate development firm with dual headquarters in Phoenix and Dallas. The company has a $4.5 billion pipeline of ground-up development currently underway across six states.  — Katie Sloan

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Leasing ActivityRestaurantRetailTexas

Mack McDonald to Open 15,858 SF Restaurant in Uptown Houston

by Taylor Williams

HOUSTON — Restaurateur Mack McDonald will open a 15,858-square-foot restaurant in Uptown Houston. The restaurant will be located within 5POP, a 28-story, 566,773-square-foot office building, and will be operated under the Mack Allen’s upscale seafood brand. David Littwitz with Littwitz Investments represented the tenant in the lease negotiations. Crystal Allen with Transwestern represented the South Florida-based landlord, CP Group. The opening is slated for 2025.

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DevelopmentIllinoisMidwestRestaurantRetail

Principle Construction Completes Bakery Build-out in Lake Zurich, Illinois

by Kristin Harlow

LAKE ZURICH, ILL. — Principle Construction has completed a bakery build-out for Apres Pastry & Bakery in downtown Lake Zurich, a northwest suburb of Chicago. The tenant occupies the last remaining space within the building that Principle constructed in 2023. Principle added a new common entrance and pedestrian access corridor from the rear parking lot. The project included various mechanical, electrical, fire protection and plumbing systems as well as the installation of a walk-in freezer. Muran Architects served as the project architect, while Siren Betty designed the interior.

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DevelopmentLeasing ActivityMixed-UseNorth CarolinaRestaurantRetailSoutheast

Olde Mecklenburg Brewery to Open Venue at The Bowl at Ballantyne in Charlotte

by John Nelson

CHARLOTTE, N.C. — Olde Mecklenburg Brewery (OMB) will open a new restaurant and biergarten venue at 15025 Bowl St. at The Bowl at Ballantyne, a mixed-use development underway in Charlotte’s Ballantyne district. In addition to a 14,000-square-foot building comprising two levels of restaurant, retail and balcony space, the property features a one-acre biergarten and two freestanding buildings with beverage service and bathrooms. This marks the second location for OMB, with the original location in Charlotte’s LoSo neighborhood. Northwood Retail, the landlord of The Bowl at Ballantyne and an affiliate of Northwood Investors, recently signed a lease with Hawkers Asian Street Food to join the tenant roster in early 2025.

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DevelopmentLeasing ActivityRestaurantRetailSouth CarolinaSoutheast

T.J. Maxx, HomeGoods to Open at Beaufort Station Shopping Center in Coastal South Carolina

by John Nelson

BEAUFORT, S.C. — National retailers T.J. Maxx and HomeGoods are set to open new stores at Beaufort Station, a 200,000-square-foot shopping center coming on line in the Hilton Head suburb of Beaufort. Both brands are set to open tomorrow. The Morgan Cos. is the developer of Beaufort Station, which will feature nine anchor and junior anchor stores, including Hobby Lobby, Ross Dress for Less, PetSmart, Ulta Beauty, Old Navy, Five Below and Rack Room Shoes. Other tenants will include Aldi, Parker’s Kitchen, Panda Express, Chicken Salad Chick, Surcheros Fresh Mex, America’s Best and Mattress Firm. Other tenant announcements are expected in the near future. Beaufort Station is situated at the intersection of S.C. Highway 170 and Robert Smalls Parkway, about 27 miles north of Hilton Head.

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Leasing ActivityNew JerseyNortheastRestaurantRetail

Tenants Sign Leases Totaling 46,000 SF at Union Lake Crossing in Southern New Jersey

by Taylor Williams

MILLVILLE, N.J. — New tenants have signed leases totaling 46,000 square feet at Union Lake Crossing, a 393,000-square-foot retail center located in Millville in southern New Jersey. Old Navy will open a 15,000-square-foot store at the property, joining Fun City in backfilling a former Dick’s Sporting Goods space. Food-and-beverage concepts Five Guys, Poke Bros. and Crumbl have also signed leases at the center, as have Skechers, Inspira Health and Rally House. Mario Brunelli and Chelsea Reizner of R.J. Brunelli & Co. represented the owner, Irgang Group, in all lease negotiations.

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2nd-Adams-Denver-CO
ColoradoDevelopmentMixed-UseOfficeRestaurantRetailWestern

Magnetic Capital Breaks Ground on 100,000 SF Mixed-Use Building in Denver

by Amy Works

DENVER — Magnetic Capital has broken ground on 2nd & Adams, a mixed-use building located at 2nd Street and Adams Avenue in the Cherry Creek submarket of Denver. Slated for completion in third-quarter 2025, 2nd & Adams will feature 80,000 square feet of office space and 20,000 square feet of retail space. The building will have multiple food, beverage and retail concepts across the ground-floor space, and the rooftop will feature a 5,600-square-foot bar and restaurant. Bow River Capital, a Denver-based private alternative asset manager, has pre-leased 30,000 square feet of office space at 2nd & Adams for the company’s headquarters. The project team includes OZ Architecture as architect and Mortenson Construction as general contractor. Blake Holcomb of CBRE is handling leasing for the project.

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DevelopmentRestaurantRetailSoutheastTennessee

Partnership Begins Redevelopment of 30,000 SF Retail Property in Nashville

by John Nelson

NASHVILLE, TENN. — A partnership between Hines and Cresset Partners has begun construction on the redevelopment of 429 Houston, a 30,000-square-foot industrial and mixed-use property in Nashville’s Wedgewood-Houston neighborhood. The partnership will transform the property, which Hines purchased in December 2019, into a retail destination with shops and restaurants. The redevelopment will include adding a large, wraparound outdoor patio, expanding the property’s square footage, installing new parking and building systems, executing site infrastructure and improving the property’s landscaping and hardscaping. Additionally, the partners have signed two new tenants — Bodega Taqueria y Tequila and Aba — that will open by mid-2025. Existing tenant Jackalope Brewing Co. will stay in its current 16,200-square-foot space at 429 Houston and remain open throughout the redevelopment.

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AcquisitionsGeorgiaRestaurantRetailSoutheast

SRS Brokers $3M Sale of Restaurant in Woodstock, Georgia Leased to Raising Cane’s

by John Nelson

WOODSTOCK, GA. — SRS Real Estate Partners has brokered the $3 million ground lease sale of a newly built restaurant property located at 9893 Highway 92 in Woodstock, about 30 miles northwest of Atlanta. Raising Cane’s occupies the property on a 15-year, corporate guaranteed lease. Michael Berk, Patrick Nutt and William Wamble of SRS represented the seller, Brentwood, Tenn.-based Warren Commercial Real Estate, in the transaction. The buyer was a private investor based in California.

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CanalSide-Cambridge
Leasing ActivityMassachusettsNortheastRestaurantRetail

New England Development to Open 14-Eatery Food Hall in Cambridge, Massachusetts

by Taylor Williams

CAMBRIDGE, MASS. — New England Development will open CanalSide Food + Drink, a new food hall in Cambridge, this fall. Situated within the developer’s CambridgeSide mixed-use development, the food hall will feature a bar — dubbed C-Side Bar — as well as 14 eateries. Announced concepts include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta To Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. RODE Architects designed the food hall, and Whiting-Turning is serving as the general contractor. The opening is slated for this fall.

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