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DevelopmentFloridaLeasing ActivityRestaurantSoutheast

Chick-fil-A to Open Four New Restaurants in Metro Miami

by John Nelson

ATLANTA — Atlanta-based fast-casual brand Chick-fil-A will open four new restaurants in metro Miami. Chick-fil-A has broken ground on the first of the units, a Cutler Bay restaurant that will span 4,800 square feet. Dustin Griffiths of Chick-fil-A and David Emihovich of Katz & Associates represented Chick-fil-A in the lease negotiations. Michael Berkowitz of Berkowitz Development Group and Douglas Landsea of Landsea Development are the landlords. Development is scheduled to begin on three additional restaurants — which will be located in Miami Shores, Pinecrest and Princeton — later this year.

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Leasing ActivityNortheastPennsylvaniaRestaurantRetail

Simon Welcomes Five Food-and-Beverage Concepts to King of Prussia Mall in Metro Philadelphia

by Taylor Williams

KING OF PRUSSIA, PA. — Simon Property Group has welcomed five new food-and-beverage concepts to King of Prussia mall in metro Philadelphia. Vietnamese restaurant Saigon Eats and confectionary Neuhaus Belgium Chocolate recently debuted their eateries. Chinese restaurant Nan Xiang Xiao Long Bao and New York-based Gregory’s Coffee will open in the coming weeks. Chicken Guy!, a concept from celebrity chef Guy Fieri, opened in March.

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DevelopmentFloridaRestaurantRetailSoutheast

Cordish Cos. to Open 73,000 SF Entertainment Destination in Orlando

by John Nelson

ORLANDO, FLA. — The Cordish Cos. has announced plans for a 73,000-square-foot dining and entertainment destination in Orlando. Dubbed Live! at the Pointe Orlando, under the company’s hospitality and entertainment brand, the property will feature a 4,800-square-foot cocktail lounge; 4,600-square-foot bar; and anchor venues Sports & Social and PBR Cowboy Bar. Sports & Social, a restaurant and bar concept, will span 11,700 square feet across two levels, with an LED display for viewing sporting events and social games including skee-ball, foosball, arcades games and shuffleboard. The 8,400-square-foot PBR Cowboy Bar will feature multiple signature bars, private VIP booths and a mechanical riding bull. Live! at the Pointe Orlando is scheduled to open this fall.

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Leasing ActivityRestaurantRetailTexas

Midway, TriGate Capital Welcome Four New Tenants to CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Midway and TriGate Capital have welcomed four new tenants to CITYCENTRE, a 47-acre mixed-use development in West Houston. Three apparel retailers — American Threads, Rowan and Southern Tide — have signed leases ranging in size from 1,000 to 1,800 square feet with plans to open this summer. Additionally, Star Cinema Grill has officially opened in the former Studio Movie Grill space.

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FloridaLeasing ActivityRestaurantRetailSoutheast

Eggs Up Grill, Papa John’s Sign Leases at Post Commons Shopping Center on Florida’s Space Coast

by John Nelson

MELBOURNE, FLA. — Two restaurant concepts, Eggs Up Grill and Papa John’s Pizza, have signed leases to join the roster of Post Commons, a 202,050-square-foot shopping center located at 4100 N. Wickham Road in Melbourne. The new eateries will join existing tenants including Publix, Beall’s Outlet, Burlington and Pet Supermarket. Post Commons is situated on Florida’s Space Coast near Eastern Florida State College and the Maxwell C. King Center for the Performing Arts. Flavia Kanyago of CrossMarc Services arranged the leases on behalf of the landlord, a joint venture between CrossMarc and Baltimore-based MCB Real Estate. Eggs Up Grill and Papa John’s will open their respective 3,000-square-foot and 1,200-square-foot restaurants in the fourth quarter.

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Lakeside
DevelopmentHospitalityMichiganMidwestMixed-UseMultifamilyOfficeRestaurantRetailTop Stories

Lionheart Capital Plans $1B Lakeside Mall Redevelopment in Sterling Heights, Michigan

by Katie Sloan

STERLING HEIGHTS, MICH. — Lionheart Capital has unveiled plans for the $1 billion mixed-use redevelopment of Lakeside Mall in the Detroit suburb of Sterling Heights. The redevelopment process will begin with the demolition of the enclosed regional mall following its closure on July 1. The new development will be anchored by a mixed-use town center and central park featuring shops, offices, coffee houses, restaurants, an area for community gatherings and events, and a two-story community center with recreational amenities including swimming pools, fitness facilities and libraries.  The project is also set to include a hotel and residential space, details of which were not disclosed, as well as 30 acres of public space, parks and infrastructure. Plans include the addition of walking, biking and hiking trails that connect to local trail networks including the Iron Belle Trail, Freedom Trail and Dodge Park Trail.  Groundbreaking on the town center is scheduled for late 2025. The development team includes master architect CallisonRTKL, landscape designer SWA and civil engineer Giffels Webster. A completion timeline was not disclosed. Lakeside Mall originally opened in 1976. The site spans 110 acres and the existing buildings total 1.5 million square feet. Miami-based Lionheart Capital is an investment firm …

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DevelopmentFloridaHospitalityMixed-UseMultifamilyRestaurantRetailSoutheast

Strategic Property Partners Unveils Next Phase of $3B Water Street Tampa Development

by John Nelson

TAMPA, FLA. — Strategic Property Partners LLC has unveiled the next phase of Water Street Tampa, the company’s $3 billion mixed-use neighborhood underway in downtown Tampa. The next phase includes three separate buildings: a residential condominium building, a build-to-suit office complex and a hospitality/entertainment destination just north of Amalie Arena, home of the NHL’s Tampa Bay Lightning. The condo tower and office buildings will be situated on an extension of Water Street Tampa that is currently under construction on East Cumberland Avenue. The third property will feature a select-service hotel, parking garage and entertainment uses, including food-and-beverage options and a live music venue. Designed by Gensler Architects with Nichols Architects acting as architect of record, the condo tower will be the tallest building within Water Street Tampa, joining other multifamily properties Asher, Cora and Heron. Designed by Kohn Pedersen Fox, the office complex will feature ground-floor retail space and will join Thousand & One as the second office component. The road and utility infrastructure work for these additions has already begun and is expected to be completed by spring 2025. Last year, Jeff Vinik, owner of the Tampa Bay Lightning, sold his stake in Strategic Property Partners to his co-developer, …

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The-Abbey-West-Hollywood-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Marcus & Millichap Negotiates $27M Sale of Two Hollywood Nightspots

by Amy Works

WEST HOLLYWOOD, CALIF. — Marcus & Millichap has arranged the sale of The Abbey Food & Bar and The Chapel at The Abbey, two nightspots in West Hollywood. David Cooley sold the assets to Tristan Schukraft for $27 million. Brandon Michaels and Matthew Luchs of Marcus & Millichap represented the seller and procured the buyer in the deal. The previous ownership transformed a small coffee shop into The Abbey Food & Bar became a well-known bar, restaurant and event venue, and opened its sister location, The Chapel at The Abbey. The assets are located on neighboring parcels at the signalized corner of North Robertson and Santa Monica boulevards.

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Leasing ActivityRestaurantRetailTexas

Vila Brazil to Open 7,332 SF Restaurant in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Steakhouse concept Vila Brazil will open a 7,332-square-foot restaurant in the northeastern Dallas suburb of Garland. The site is a freestanding building within the Harbor Point retail center, which is shadow-anchored by Bass Pro Shops, on the shores of Lake Ray Hubbard. Greg Blandford and Jack Thomas of Weitzman represented Vila Brazil in the lease negotiations. David Zoller, also with Weitzman, represented the undisclosed landlord. The opening is slated for late summer.

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DevelopmentFloridaRestaurantRetailSoutheastTop Stories

Burger King to Invest $300M to Remodel 1,100 US Restaurants by 2028

by John Nelson

MIAMI — Burger King plans to invest $300 million to modernize 1,100 U.S. restaurants by 2028, according to parent company Restaurant Brands International Inc. (NYSE: QSR). Each restaurant will be renovated in a new layout, called Sizzle, that emphasizes flexibility as well as the digital, pick-up and drive-thru experiences. In addition to the planned renovations, the investment will also cover cash incentives for top-performing operators. “We are committed to giving our guests the very best experience in all our restaurants and that includes a modern, exciting restaurant image and digital experience that exceeds their expectations,” says Tom Curtis, president of Burger King North America. “We are working in close partnership with our franchisees to transform our restaurant footprint across the country and reclaim our flame as a leader in the QSR [quick-service restaurant] industry.” The newly announced initiative, dubbed Royal Reset 2.0, is a continuation of its existing Royal Reset program announced in 2022 that included a $250 million investment in overhauling the physical real estate, tech and kitchen equipment at thousands of Burger King locations. The first Royal Reset plan was part of a $400 million campaign, called Fuel the Flame, that also included $150 million in digital and …

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