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10 developments to watch

June 25, 2021

Young Nian Group proposes a 29-acre mixed-use property along the Flushing Creek waterfront in Queens in New York City. A 19-story hotel and two 19-story residential buildings will sit atop a retail podium. It’s expected to deliver in 2024.

Gicsa delayed the opening of the 1 million-square-foot, $166 million luxury Grand Outlet Riviera Maya, billed as Mexico’s largest mall, pushing from the second half of 2021 to next year. The project, near Cancun International Airport, is one-third built and 43% leased to such brands as Coach, Calvin Klein, Rapsodia and Salvatore Ferragamo, according to the developer.

Terra has secured a $43.7 million loan from Thorofare Capital for its 16000 Pines Market mixed-use retail development in Pembroke Pines, Florida. The loan will fund ongoing construction of the 135,000-square foot-development, for which major anchors include Publix, Burlington and Crunch fitness center. Construction of the first phase delivered this year, and Phase 2 now is expected to deliver in 2022.

Weitzman and H-E-B broke ground on the first phase of Manvel Town Center in Manvel, Texas. The project will incorporate more than 1 million square feet of retail, entertainment, hospitality, medical and office. A 100,000-square-foot H-E-B with a fuel station and car wash will anchor Phase 1, which will open in late summer 2022.

Manvel Town Center

Washington Prime Group is partnering with Synergy & Mills Development to add office, laboratory and R&D space to its Mall at Fairfield Commons in Beavercreek, Ohio. Starting later this year, they will redevelop a 150,000-square-foot former department into The Meridian. “We talk constantly in our industry about the trend for experiential, mixed-use, pedestrian-friendly environments and the desire to work, shop and play without having to jump in your car,” said Synergy & Mills president and CEO Jerad Barnett, “and I can’t think of a location like this anywhere in the market that will offer such a large footprint to do so.”

USA Niagara Development Corp., is redeveloping a vacant, 200,000-square-foot portion of the former Rainbow Mall in Niagara Falls, New York, into a high-density, mixed-use development. Niagara County Community College’s culinary arts program uses another 100,000 square feet at the former mall for a restaurant and student training center. SCT previously reported that a former Lowe’s in Sparks, Nevada, is being redeveloped into creative office, flex-tech R&D, lab spaces, maker spaces, food-and-beverage offerings and work-live studios for artists and entrepreneurs.

A 48,848-square-foot Publix will anchor WMG Development’s latest project, in Sarasota, Florida. The 11-acre Shoppes at Palmer Ranch will include 10,524 square feet of in-line retail and 6,702 square feet of outparcel space. Construction will kick off in the fall, and the center will open by September 2022.

Canyon Homes is building Overlook Market — a 1.8-acre commercial property with two 2,500-square-foot restaurants, a coffee shop, a small grocery store and realty offices — in Spicewood, Texas, outside Austin. Groundbreaking is scheduled for next spring.

Federal is renovating Graham Park Plaza, a 132,000-square-foot shopping center in Falls Church, Virginia, whose tenants include a Giant supermarket, Latino Chicken Place and Vietnamese restaurant Pho Tu Ech. Construction begins in July and will include facade upgrades and new signage landscaping and public amenities.

Waterstone Properties’ The Ridge, in Rochester, New Hampshire, is adding three restaurants, housing and a theater on 26.3 acres of adjacent, empty land. Tenants at the existing center include Market Basket, New Hampshire Liquor & Wine Outlet, Marshalls, Old Navy, Starbucks, Ulta Beauty, Hobby Lobby and 110 Grill.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

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