LOS ANGELES — Century West Partners has completed the 398-unit Next on Sixth apartment complex in Los Angeles’ Koreatown neighborhood. The community is located at 600 S. Virgil Ave. Next on Sixth features studio to two-bedroom units on a 1.8-acre lot. Amenities include a 70-foot swimming pool, four roof decks with sky lounges, a yoga room, massage room, spa and a two-story gym. KFA designed the community.
ASHEVILLE, N.C. — United Development Co. has unveiled plans to build The Peaks, a 33,517-square-foot retail center in Asheville. The property will sit on two acres at the corner of Highway 70 and South Tunnel Road, just west of Interstate 240, at the site of the former UA Beaucatcher Cinemas 7. The Peaks will offer 12 restaurant and retail spaces, including Chipotle Mexican Grill, Panera Bread and Rise Biscuits & Donuts. In addition, the property will feature a pedestrian-oriented design and outdoor dining with views of the Blue Ridge Mountains. Asheville-based PFA Architects designed the center and Atlantic Retail Properties is handling the leasing assignment. The Peaks is slated to open in June 2018.
MIAMI GARDENS, FLA. — Bridge Development Partners has acquired a 185-acre site in Miami Gardens, located 15 miles north of Miami, for $28.2 million. The site is the future home of Bridge Point Commerce Center, a Class A industrial development that will total more than 2 million square feet at full build-out. Phase I of the project spans 90 acres and will include three buildings. The first two buildings on the site will total 286,875 square feet and feature 32-foot clear heights. The third building will be a 534,816-square-foot, cross-dock facility with 36-foot clear heights. Phase II of the project will be developed on the western half of the property, situated on the site of a former landfill. In addition, 13 acres on the site will be preserved as green space. Located with direct frontage along the Florida Turnpike, Bridge Point Commerce Center is equidistant to Fort Lauderdale-Hollywood International Airport and Miami International Airport.
PLANO, TEXAS — A partnership between Patrinely Group and Rosewood Property Co. will develop One Heritage Creekside, a 343,800-square-foot office building within Heritage Creekside, a 72-acre master-planned community in Plano. The 12-story property will offer elevated terrace garden areas, ground-floor dining and shopping and an adjacent covered parking structure. Delivery is currently scheduled for the fourth quarter of 2019. JLL will handle the leasing of the property.
DALLAS — Vista Property Co. will redevelop Maplewood, a shopping center located at the corner of Maple Avenue and Inwood Road in Dallas. The development will be rebranded Maple Walk and feature open-air staircases, a glass-enclosed elevator and an open breezeway to the rear parking lot. The project will also allow ownership to create new patio and outdoor seating spaces. Construction is scheduled to begin in late November.
DETROIT — The Detroit Pistons and Henry Ford Health System have broken ground on a 175,000-square-foot training, rehabilitation and sports medicine complex in the New Center area of Detroit. The Henry Ford – Detroit Pistons Performance Center, slated to open during the summer of 2019, will house a new training facility and corporate headquarters for the NBA franchise. A comprehensive sports medicine, treatment and rehabilitation facility will be managed by the health system. The property will also incorporate public spaces for community relations, networking receptions and team hosted events. The facility is located on a land parcel owned by Henry Ford one block north of its corporate offices and approximately two miles north of the new Little Caesars Arena. Project costs are estimated at $65 million, according to Crain’s Detroit Business.
LOS ANGELES — Bob’s Discount Furniture plans to open six new stores in the Los Angeles market simultaneously on Feb. 15, 2018. New locations will open in Baldwin Park, Huntington Beach, Midtown, Long Beach, West Hills and Valencia. These six stores will be the first on the West Coast for the furniture retailer. Bob’s currently has 89 stores in 15 states across the East Coast, Mid-Atlantic and Midwest regions, after adding more than a dozen new stores in the past year. In addition to the six new stores in Los Angeles, the furniture retailer has three others set to open on the same day in Pennsylvania and Virginia. The nine store openings will bring the company to 98 stores nationwide.
Providence, R.I. — GMH Capital Partners has broken ground on River House, a 174-unit student housing community located in Providence, Rhode Island. The property will be located near Brown’s Alpert Medical School, Brown University, Johnson and Wales University, University of Rhode Island-Providence Campus and the Rhode Island School of Design. The community will consist of two seven-story buildings with approximately 5,000 square feet of retail and restaurant space fronting Point Street and the Providence River. The development is scheduled for completion in May 2019.
ATLANTA — The Collective, a new food hall concept, is set to join the forthcoming Coda development underway at 771 Spring St. in Midtown Atlanta’s Tech Square. The Collective will include eight to 10 eateries with communal seating areas opening up into a 20,000-square-foot outdoor space. The historic three-story Crum & Forster building located on the property will serve as an 8,000-square-foot, full-service restaurant with patio seating that will transition to the outdoor space. In addition to several prospective dining options, preliminary plans include a full-service central bar that will enable patrons to take advantage of open carry that will be permitted at Coda. Under development by Portman Holdings, Coda will feature 645,000 square feet of office space, an 80,000-square-foot data center, 30,000 square feet of street-level retail and the new food hall upon completion. Adrienne Crawford and Lily Heimburger of SRS Real Estate Partners are spearheading restaurant leasing for The Collective at Coda, which is slated to open in February 2019. Portman Holdings is also developing the neighboring Anthem Technology Center, a new 21-story, 352,000-square-foot building that will rise at the corner of 4th and West Peachtree streets.
FRISCO, TEXAS — MYCON General Contractors has completed construction of a 188,564-square-foot Walmart Supercenter store at 355 Stonebrook Parkway in Frisco. The big box property features surface parking and extensive landscaping. Raymond Harris & Associates provided architectural services for the project, construction of which began in July 2016. This is the 25th new construction project that MYCON has completed for Walmart in Texas since 2009.
