ATLANTA — Five new retailers and restaurants have joined the tenant roster at Atlantic Station, a 138-acre mixed-use development in Midtown Atlanta. Houston-based Hines, which has owned the retail portion of the property since 2015, recently signed donut and desserts eatery Yonutz; cookie concept Munster Cravings; candle-making experiential retailer Candleporium Fragrance House; and car wash and detailing shop Dirty Horse Paint Protection and Auto Detailing to the lineup. Additionally, Lucky Strike Entertainment has backfilled and rebranded Atlantic Station’s Bowlero bowling alley. Opened in 2005, Atlantic Station features 523,511 square feet of retail, entertainment and restaurant space; 2 million square feet of Class A office space, including offices for Microsoft; two full-service hotels; multiple apartments, lofts and luxury condo residences; and freestanding IKEA, Target and Dillard’s stores.
MIAMI BEACH, FLA. — A joint venture between Mast Capital and a controlled affiliate of Starwood Capital Group has secured $390 million in construction financing for The Perigon Miami Beach, a 73-unit condominium development located at 5333 Collins Ave. in Miami Beach. Eldridge Real Estate Credit, a Greenwich, Conn.-based asset manager and holding company, provided the loan. “We are proud to partner with Mast Capital and Starwood Capital Group on The Perigon Miami Beach,” said Matthew Rosenfeld, a managing director at Eldridge Real Estate Credit. “This is a project that represents the exceptional, visionary real estate we seek to finance, and further underscores the continued growth and momentum of our business.” Located in the popular Mid-Beach neighborhood, The Perigon Miami Beach will offer two-, three- and four-bedroom residences ranging from 2,100 to 6,700 square feet, each featuring 10- to 12-foot wraparound balconies. The property will also offer eight private guest suites. Roughly 75 percent of the condos have been sold. The building will offer approximately 40,000 square feet of indoor and outdoor amenities. Planned community amenities include a pool with cabanas, spa with sauna, salon, fitness center, children’s playroom, screening room, wine room and a lobby lounge. Residents will also …
CARY, N.C. — JLL Capital Markets has facilitated a $191 million loan for Fenton, a mixed-use development located in Cary, roughly 12 miles west of downtown Raleigh. The property includes 246,000 square feet of retail space, 183,000 square feet of office space and an apartment community — The Allison at Fenton — comprising 367 multifamily units. Chip Sykes and Kelsey Bawcombe of JLL secured the loan on behalf of the borrower, a partnership between Hines, Affinius Capital and Columbia Development. New York Life Real Estate Investors provided the mortgage financing.
PLANT CITY, FLA. — Cushman & Wakefield has brokered the sale of Peak Logistics Center, a two-building industrial park located at 3501 Fancy Farms Road in Plant City, a city in west-central Florida. EQT Exeter purchased the property for an undisclosed price from TA Realty LLC. Rick Brugge, Mike Davis, Rick Colon and Ryan Jenkins of Cushman & Wakefield represented the seller in the transaction with assistance from Clay Witherspoon of Avison Young, who oversees leasing for the property. Peak Logistics Center I & II span 400,833 square feet and were completed in 2022 and 2023. The development was fully leased to four tenants at the time of sale.
ROLESVILLE, N.C. — Crosland Southeast and Core Sound Development has signed 11 new tenants to Wallbrook, an 80-acre mixed-use development located in Rolesville, roughly 17 miles northwest of Raleigh. Publix will anchor the property, which is scheduled to open its initial phase in mid-2025. The developers have preleased 21,000 square feet to tenants including restaurants, a dental practice, hair salon, massage parlor and Pilates gym. Additionally, Fifth Third Bank has signed a ground lease at an outparcel. Approximately 9,000 square feet of space is still available for lease at the property. Crosland is planning for a second phase with preleasing beginning this spring. Charlie Coyne and Matt Larson of CBRE are leading leasing efforts at Wallbrook, which will have 265,000 square feet of commercial space when fully built-out.
SHELBYVILLE, KY. — Northmarq has arranged a $45 million loan for The Blending House, a bourbon storage, bottling and blending facility located on a 108-acre site at 1917 Vigo Road in Shelbyville, about 39 miles east of Louisville. Randall Waddell of Northmarq’s Louisville office arranged the five-year loan through a regional bank on behalf of the borrowers, a partnership between Floyds Knobs, Ind.-based The Koetter Group and Louisville-based The Spirits Group. The borrowers will use the loan proceeds to pay off existing debt from the Phase I of development and to fund the second and final phase of construction. The loan features two years of interest-only payments and a 25-year amortization schedule. Upon completion, The Blending House will feature seven rickhouses and a 30,000-square-foot blending and bottling facility that will serve as a home base for clients of The Spirit Group. The development is the first speculative whiskey barrel storage facility in Kentucky, according to the borrowers.
OVIEDO, FLA. — A partnership between LeCesse Development and Broad Oak Development plans to soon break ground on Broad Oak Oviedo, a 252-unit apartment development in the Central Florida city of Oviedo. The property will feature a mix of four-story, elevator-serviced buildings and carriage house buildings that also feature garages. Amenities will include a fitness center, game room, valet trash service, coworking space, golf simulator, infinity edge pool, dog park, recreational trail and an outdoor summer kitchen. The development will be situated near Oviedo Mall, Oviedo on the Park, the Cross Seminole Trail and FBC Mortgage Stadium, among other attractions. LeCesse and Broad Oak plan to deliver the community in summer 2026. The project team includes Slocum Platts Architects, Kimley-Horn, Dix.Hite+Partners, Beasley & Henley and Walker & Co. Synovus Bank is providing debt construction financing, and Marble Capital is investing preferred equity into the development.
MIAMI — Neology Development Group has received an $84.5 million loan for The Julia Residences, a 14-story apartment tower that recently delivered in Miami’s Allapattah neighborhood. Affiliates of Apollo provided the permanent loan. The borrower obtained its TCO for the development last May and stabilized the community at 97 percent occupancy by October. Named after historic Miami businesswoman Julia Tuttle, the $140 million Julia Residences features 323 apartments and 13,000 square feet of retail space on the ground level. The property is located at 1625 N.W. 20th St., within walking distance of Jackson Memorial Hospital and the Civic Center Metrorail Station.
NASHVILLE, TENN. — A partnership between The Clear Blue Co., Urban Campus and Core and Born Again Church has broken ground on the Northview Housing Development, a 254-unit affordable housing project for seniors in Nashville. The 266,000-square-foot complex will be located at 876 W. Trinity Lane on Born Again Church’s campus in the city’s Haynes-Trinity neighborhood. Upon completion, which is slated for December 2026, Northview will feature a mix of one- and two-bedroom units reserved for seniors earning 40 percent to 80 percent of the area median income. Amenities will include a fitness center, rooftop deck, walking trails and recreational spaces. The design-build team includes STG Design, Thomas & Hutton and Bacar Constructors, and capital partners include the Urban League’s R.E.D. Academy, Amazon’s Housing Equity Fund, Regions Bank and Fannie Mae. Civic partners include the Tennessee Housing Development Agency and the Metropolitan Development and Housing Agency.
CHARLESTON, S.C. — Center Park Group, along with development partners The Berry Co. and Batson-Cook Development Co., plans to soon begin construction on Berkshire on Clements Ferry, a 192-unit build-to-rent townhome community in Charleston. Situated with the Point Hope master-planned community, the project will be located on a 40-acre site at 1049 Point Hope Parkway, and the residential portion will be concentrated on 15.5 acres. Each residence will comprise a three-bedroom townhome with approximately 1,200 square feet of living space and a one-car garage. The property will span 36 three-story buildings configured in pods that each hold six townhomes. Amenities will include a resort-style pool and poolside cabana, community playground, hammock stations, a pavilion with grilling stations, dog park, private fenced puppy yards on select units and bike and walking trails throughout the property. Site work on Berkshire on Clements Ferry is underway, and the development team plans to begin vertical construction this quarter and deliver the first units by the end of the year.