Retail

Urban Network Capital, Vertical Development Break Ground on $170M Mixed-Use Residential Project in Metro Orlando

by John Nelson November 28, 2023

DAVENPORT, FLA. — Urban Network Capital Group and Vertical Developments have broken ground on Visions Resort & Spa, a $170 million mixed-use development located at 7007 Osceola Park Line Road in Davenport, a suburb of Orlando. The property will comprise 48 single-family homes, 132 multi-level townhomes, a 180-unit condo/hotel and 70,000 square feet of retail and restaurant space. Starting sales prices range from $229,000 for condo-hotel units to $879,000 for single-family homes, according to the co-developers. The townhomes are completely presold and the single-family and condo-hotel units are 85 percent presold. Visions Resort will include a 12,000-square-foot clubhouse and an amenity package comprising a pool with cabanas with a wet bar for poolside refreshments, sports courts, a meditation garden, Pilates/yoga center, a gym facility and an outdoor cross-training gym. First residential units at Visions Resort are expected to deliver in first-quarter 2025.

November 28, 2023

Leasing Activity Retail Texas

Academy Sports Opens 50,886 SF Store at Townwest Commons in Hutto, Texas

by Taylor Williams November 28, 2023

HUTTO, TEXAS — Academy Sports + Outdoors has opened a 50,886-square-foot store at Townwest Commons, a shopping center located in the northeastern Austin suburb of Hutto. The retailer will join EVO Entertainment as the newest tenant of the next phase of the 24.5-acre development. The EVO Entertainment space, which will span 53,000 square feet and open late next year, will feature an 800-seat cinema, bowling lanes, restaurant and bar and an arcade area. NewQuest Properties owns Townwest Commons.

November 28, 2023

Development Georgia Leasing Activity Mixed-Use Multifamily Restaurant Retail Southeast

Connolly Signs Retail Tenants for $70M Parkside on Dresden Mixed-Use Project in Brookhaven, Georgia

by John Nelson November 28, 2023

BROOKHAVEN, GA. — Connolly has recently signed new retail tenants at Parkside on Dresden, a $70 million mixed-use development underway in the Atlanta suburb of Brookhaven. The four-acre development is set to open in fall 2024 and will comprise the 183-unit Solis Dresden Village apartment community that Terwilliger Pappas is developing. The project will also include 32,000 square feet of retail and restaurant space that will be leased to tenants including Confab Kitchen and Bar, Honeysuckle Gelato, Café Vendome, Clean Juice, El Valle, MIRAE and F45 Training. Mindy Elms and Ed O’Connor of Lavista Associates Inc. are handling the retail leasing assignment at Parkside on Dresden on behalf of Connolly. The development will be situated at 1350 Dresden Drive between Caldwell Road and Parkside Drive, which is within walking distance to the Brookhaven-Oglethorpe MARTA station.

November 28, 2023

Leasing Activity Retail Texas

EoS Fitness Preleases 37,292 SF Retail Space in Addison, Texas

by Taylor Williams November 28, 2023

ADDISON, TEXAS — EoS Fitness has preleased a 37,292-square-foot anchor retail space at Addison Town Center, a retail power center located on the northern outskirts of Dallas. Ben Terry, Matt Luedke and Bernard Shaw of Weitzman represented the undisclosed landlord in the lease negotiations. Jack Breard with Segovia Partners represented EōS Fitness, which plans to open in 2025. Other tenants at Addison Town Center include Target, Kroger, Ross Dress for Less and PetSmart.

November 28, 2023

Acquisitions Kentucky Retail Southeast

Legacy Realty Brokers Sale of 31,800 SF Retail Center in Scottsville, Kentucky

by John Nelson November 28, 2023

SCOTTSVILLE, KY. — Legacy Realty Group Advisors has brokered the sale of Scottsville Shopping Center, a 31,800-square-foot retail center located at 1224 Gallatin Road in Scottsville, a city in southern Kentucky near the Tennessee border. The center sold for $3 million in the off-market transaction. Food Lion anchors the property. Jacob Baruch and Jonah Warshaw of Legacy Realty represented both the buyer and seller in the transaction, both of which requested anonymity.

November 28, 2023

Leasing Activity Midwest Retail Wisconsin

Whole Foods Market to Open in Madison, Wisconsin, on December 13

by Kristin Harlow November 28, 2023

MADISON, WIS. — Whole Foods Market will open a 50,000-square-foot store in Madison on Wednesday, Dec. 13. The new store at 4710 Madison Yards Way replaces an existing Whole Foods Market at 3313 University Ave. that had served the community since 1996. The new store anchors the 21-acre Madison Yards mixed-use development, which features retail, restaurant and entertainment space surrounding a central green plaza. The store will feature more than 800 local items from the Midwest.

November 28, 2023

Development Midwest Ohio Retail

Victoria’s Secret Opens Renovated Store at Easton Town Center in Columbus, Ohio

by Kristin Harlow November 28, 2023

COLUMBUS, OHIO — Victoria’s Secret has opened its newly renovated store at Easton Town Center, a shopping destination in Columbus. The “store of the future” concept aims to create a more welcoming space for all shoppers with mannequins representing a range of sizes, inclusive product offerings and an easy-to-navigate layout. The store also features more efficient lighting and HVAC systems along with low-flow toilets. New fitting room technology, Crave, links each product with the store’s computer system through radio frequency identification tags. The technology enables customers to communicate with store associates from their fitting rooms.

November 28, 2023

Acquisitions Nevada Retail Western

CTO Sells Eastern Commons Shopping Center in Henderson, Nevada for $18.2M

by Amy Works November 28, 2023

HENDERSON, NEV. — CTO Realty Growth has sold Eastern Commons, a 129,600-square-foot shopping center located in Henderson, roughly 15 miles southeast of Las Vegas. An undisclosed buyer acquired the property for $18.2 million. The seller plans to utilize proceeds from the sale for a 1031-exchange transaction.

November 28, 2023

Illinois Leasing Activity Midwest Retail

Starbucks, Cooper’s Hawk Join Tenant Lineup at Ogden Hill Shopping Center in Montgomery, Illinois

by Kristin Harlow November 28, 2023

MONTGOMERY, ILL. — Starbucks and Cooper’s Hawk Winery & Restaurant are the latest tenants to join Ogden Hill Shopping Center in Montgomery, just south of Aurora. Both tenant build-outs are under construction and are scheduled to open in mid-2024. Starbucks will feature a drive-thru on the eastern side of the center in front of Menards. Cooper’s Hawk will be positioned on the western side of the center. Inland National Development Co. LLC owns the shopping center, which is situated on 67 acres.

November 28, 2023

Leasing Activity New Jersey Northeast Restaurant Retail

Baseline Social Opens 17,100 SF Entertainment Venue in Oceanport, New Jersey

by Taylor Williams November 28, 2023

OCEANPORT, N.J. — Baseline Social, a bar, restaurant and entertainment concept, has opened a 17,100-square-foot venue in Oceanport, located in Monmouth County. Situated within The Commissary at Baseline, the space features a 640-foot LED viewing wall, 38-seat platform lounge and 3,700-square-foot entertainment section with five virtual golf bays. Other tenants at the property include Birdsmouth Beer and MGT Foods. Denholtz Properties is the developer and landlord at The Commissary.

November 28, 2023

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