development1

Celebration Pointe Regal Cinemas Gainesville

Regal Cinemas to Open 10-Screen Theater in $200M Celebration Pointe in Gainesville

by John Nelson May 15, 2015

GAINESVILLE, FLA. — Knoxville, Tenn.-based Regal Entertainment Group plans to open a new 10-screen, reserved-seating luxury theater at Celebration Pointe in Gainesville. The theater will feature upscale recliners, a lobby with a full-service bar and lounge seating. Located at the intersection of I-75 and Archer Road and anchored by Bass Pro Shops, the $200 million, 1 million-square-foot Celebration Pointe will feature a mix of approximately 400,000 square feet of entertainment, outlet retail and restaurants uses. Phase I of Celebration Pointe is slated to open in fall 2016.

May 15, 2015

Multifamily Texas

Allied Orion Group Breaks Ground on Beacon At Buffalo Pointe in Houston

by Haisten Willis May 14, 2015

HOUSTON — Allied Orion Group has broken ground on The Beacon at Buffalo Pointe, a 281-unit apartment complex in Houston. Scheduled to open during the first quarter of 2016, The Beacon at Buffalo Pointe will be located near the Texas Medical Center. Developed by Allied Orion Group and designed by Steinberg Design Collaborative Architects, The Beacon at Buffalo Pointe is located at 10301 Buffalo Speedway. Situated just outside of Loop 610, the community offers access to both 610 and Highway 288 and a short commute to downtown Houston. Floor plans will range from one to three bedrooms.

May 14, 2015

Connecticut Northeast Retail

Cinépolis USA to Join Bridgeport’s $750M Steelpointe Harbor

by Amy Works May 14, 2015

BRIDGEPORT, CONN. — Cinépolis USA has signed on to open a luxury 12-screen, 1,200-seat hybrid theater at Steelpointe Harbor, a mixed-use development in Bridgeport. The 50,000-square-foot theater will offer five Cinépolis Luxury Cinemas auditoriums with fully reclining leather seats and in-theater waiter service and dining with a full bar, and seven Cinépolis auditoriums with comfortable seating and access to a gourmet menu and full bar in the lobby. The theater, which is slated to open in 2017, will be the company’s first location in Connecticut. Bridgeport Landing Development LLC, a subsidiary of The RCI Group, is developing Steelpointe Harbor, a two million-square-foot waterfront project. The first phase of the development is slated to open this year and construction on the second phase scheduled to begin in 2016.

May 14, 2015

Illinois Midwest Mixed-Use

Construction Begins on $75M Mixed-Use Project in Chicago

by Danielle Everson May 14, 2015

CHICAGO — Construction has begun on the $75 million Vue53, a mixed-use project that will serve the Hyde Park and Kenwood neighborhoods in Chicago. The development team, which includes Avison Young, Peak Campus Development and financial partner Blue Vista Capital Management, was awarded the assignment by the University of Chicago to develop, finance and manage the project. Vue53 is located near the intersection of 53rd Street and Kenwood Avenue, directly north of Nichols Park, and will include 28,000 square feet of ground-level retail, 267 apartment units and 225 parking spaces. The project is a collaborative effort by the University of Chicago, the City of Chicago and the Hyde Park community to create a mixed-use district and to broaden the scope of products and services available to the Hyde Park and Kenwood communities. The project will offer affordable housing units and is being developed without tax increment financing or other public subsidies. The residential component will include studio, one- and two-bedroom apartments. Vue53 is slated for completion in September 2016.

May 14, 2015

Georgia Mixed-Use Multifamily Retail Southeast

Fuqua Development, Worthing Cos. Break Ground on Mixed-Use Development in Atlanta Suburb

by John Nelson May 14, 2015

DULUTH, GA. — Atlanta-based Fuqua Development and The Worthing Cos. have begun construction on Sugarloaf Market, a 31-acre mixed-use development located at the intersection of Sugarloaf Parkway and Peachtree Industrial Boulevard in Duluth, an eastern suburb of Atlanta in Gwinnett County. Upon completion, Sugarloaf Market will feature 75,000 square feet of retail space and 330 upscale apartment residences. Fuqua Development is the master developer of the project and is developing the retail portion, and The Worthing Cos. is developing the residential component, named The Heights at Sugarloaf. Anchored by Sprouts Farmers Market, the retail portion of the development will be leased to Chipotle Mexican Grill, Freddy’s Frozen Custard & Steakburgers, Orangetheory Fitness, Menchie’s Frozen Yogurt, Zoe’s Kitchen, RaceTrac, Waffle House, Panda Express, Banfield Pet Hospital, Supercuts, Luxury Nail, Pie Five Pizza and AT&T. The retailers are expected to open for business in spring 2016. The Heights at Sugarloaf will offer apartment homes featuring high-end finishes, designer-inspired appointments and appliances, along with onsite amenities such as a resort-style swimming pool and deck with Wi-Fi, grilling areas, a fitness club and other lifestyle services. Preliminary site work is currently underway with vertical construction set to commence by July. Pieper O’Brien Herr Architects …

May 14, 2015

Burlington Coat Factory Shoppes at Fayetteville

North Carolina Retail Southeast

GBT Realty to Develop $25M Shopping Center in Fayetteville

by John Nelson May 14, 2015

FAYETTEVILLE, N.C. — GBT Realty Corp. has acquired a 15-acre site on US Highway 401/Skibo Road and Richwood Court in Fayetteville that will house The Shoppes of Fayetteville. The $25 million, 126,500-square-foot center will be anchored by Fayetteville’s first Burlington Coat Factory and an unnamed sporting goods retailer. The shopping center will be located adjacent to The Home Depot and Target. The Brentwood, Tenn.-based developer plans to deliver the shopping center in summer 2016, with the 50,000-square-foot Burlington opening in spring 2016.

May 14, 2015

Indiana Midwest Multifamily Student Housing

ACC to Break Ground on $40M Butler University Student Residences in Indianapolis

by Danielle Everson May 13, 2015

INDIANAPOLIS — American Campus Communities Inc. will break ground on Sunset Student Residences, a 633-bed sophomore residence hall on the campus of Butler University in Indianapolis, this month. The $40 million facility will open in August 2016. The site previously had been a parking lot. Sunset Student Residences is the result of a partnership between ACC and Butler University. ACC will build and maintain the facility, while Butler will provide staff to manage the building. Sunset Student Residences will feature suites of three- and four-bedroom floor plans.

May 13, 2015

Massachusetts Northeast Office

Clarks Americas Inc. to Build New Corporate Headquarters in Massachusetts

by Amy Works May 13, 2015

WALTHAM, MASS. — Clarks Americas Inc., a subsidiary of Somerset, England-based C&J Clark Limited, plans to construct a new corporate headquarters facility in Waltham. The company has signed a 15-year lease for the to-be-built 120,000-square-foot property located at 1265 Main St. The four-story building will feature a roof deck, 5,200 square feet of private outdoor terrace space, and an employee retail store and employee fitness center. Additionally, the property will feature 10-foot high windows, 50-foot skylights, a three-story lobby and covered parking. Boston Properties is the lead developer for the project, which is being designed by Spagnolo Gisness & Associates Inc. and ADD Inc. now with Stantec. Clarks Americas Inc. plans to move into the new facility in phases starting in late fall 2016.

May 13, 2015

Mixed-Use Retail Southeast Tennessee

Bass Pro Shops at the Pyramid in Downtown Memphis Celebrates Grand Opening

by John Nelson May 13, 2015

MEMPHIS, TENN. — Bass Pro Shops at the Pyramid, a new national destination experience located in downtown Memphis, is now open to the public. Located inside a massive transformed sports arena, the project includes a wilderness hotel called Big Cypress Lodge, nearly 600,000 gallons of water features, a cypress swamp with 100-foot-tall trees, the interactive Ducks Unlimited Waterfowling Heritage Center and The Lookout, a glass-floored cantilevering observation deck at the top of the steel Pyramid. Bass Pro Shops at the Pyramid represents the largest investment in size and scope that Bass Pro Shops has ever made outside of its national headquarters in Springfield, Mo., and includes a number of amenities and attractions including the first hotel located inside a Bass Pro Shops store. Standing 32 stories tall along the banks of the Mississippi River, the Pyramid is an icon of the Memphis skyline. First envisioned as a sports and entertainment venue, the complex opened in 1991 and hosted professional sports and concerts until it closed in 2004. After years of uncertainty about the Pyramid’s future, the city of Memphis invited Bass Pro Shops to establish an innovative retail destination that could revitalize the building. After four years of design and …

May 13, 2015

Florida Industrial Southeast

AEW Capital-Led JV to Develop Two Distribution Centers in Lakeland

by John Nelson May 13, 2015

LAKELAND, FLA. — AEW Capital Management LP has purchased two land parcels totaling 46.6 acres at Lakeland Logistics Center, an existing business park in Lakeland. A joint venture between AEW, Massachusetts Pension Reserves Investment Management (MassPRIM) and Ridge Development Co. plans to develop two Class A distribution centers on the land parcels. The facilities will each span 245,000 square feet and feature 32-foot clear heights, ESFR sprinklers, cross-dock configurations, 185-foot private truck courts, 45 trailer parking spaces and a 200-foot shared truck court. AEW, MassPRIM and Ridge Development plan to develop the facilities in two phases with construction slated to begin in June. Upon completion, Julia Silva Rettig, Jeff Lamm, Jared Bonshire and David Perez of Cushman & Wakefield will provide leasing services for the two distribution centers.

May 13, 2015

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