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Boos Development will build the grocery-anchored Shops at Big Bend and two outparcel tenants at the entrance to a new master-planned community called Waterset in southern Hillsborough County, Florida, near Tampa Bay. Waterset will include 293 townhouse lots and a 343-unit apartment building. Site work for the shopping center could begin by the first quarter. Boos is wooing national supermarkets to lease the 45,000-square-foot anchor. Shops at Big Bend also will include 15,000 square feet of inline space.
Cavache Properties will break ground by mid-October on the 10-level, mixed-use Old Town Square in Pompano Beach, Florida’s Old Town. The development will include 281 residential units and 5,213 square feet of ground-floor commercial space, for which the leasing team is seeking a restaurant.
Rotunda Land & Development expects to move dirt soon on Reveille in South Hall, Georgia, near Gainesville. Reveille will include 482,415 square feet of retail, 122,500 square feet of office, 560 apartments, 75 townhomes, assisted-living townhomes and a 175-room hotel. Construction is expected to take six to eight years.
Russell Construction + Development plans a mixed-use complex called Birchwood South in Davenport, Iowa. The northern 18 acres will have a multitenant retail center with sit-down, full-service restaurants; quick service/drive-thru restaurants; professional services; and amenities. Dolan Homes will develop the southern 20 acres with single-family homes and townhomes. Site work will complete this fall, and roadways and building construction will begin in the spring.
601w Cos. secured $250 million in financing for The Dayton’s Project, a redevelopment incorporating office, retail and dining at 700 Nicollet Mall in downtown Minneapolis. JLL Capital Markets helped arrange the three-year, floating-rate loan through a joint venture between Winthrop Strategic Real Estate Fund and Fortress affiliate-managed funds. For more than 100 years, the property was a fixture in downtown Minneapolis, home to Dayton’s department store and later Macy’s. The redevelopment will pay homage to the building’s history. Plans for the 1.2 million-square-foot project include office, dining, retail and a 45,000-square-foot food hall and market.
Construction is underway on Phase 1 of The Cascades mixed-use development in Olive Branch, Mississippi. It will encompass 400 lofts, 125,000 square feet of retail and 60,000 square feet of office on 84 acres. The project also will include restaurant parcels, 100 townhomes, 58 cottage lots and a 70-acre park when its second phase concludes in 2023.
The Cascades
A Jimmy John’s franchise owner submitted plans to build an unanchored retail center on portions of the parking lot of a freestanding JCPenney in Washington, Missouri. The 6,272-square-foot center would include three retail tenants and a drive-thru Jimmy John’s.
The Housing Authority of the city of Paterson, New Jersey, is accepting proposals to lead or acquire and redevelop a 55,000-square-foot commercial property adjacent to 245 residential units Roizman Development is building. The area formerly housed the World War II-era Riverside Terrace public housing. According to the agency, the proposal must include an eating establishment.
Triple Five unveiled the luxury wing of its American Dream megamall in Rutherford, New Jersey. Called The Avenue and anchored by a 110,000-square-foot Saks Fifth Avenue, the 300,000-square-foot wing hosts Dolce & Gabbana, Hermes, Johnny Was, Mulberry and upscale restaurant Carpaccio. The tenants operate out of townhouse-style storefronts amid sculpture gardens. Jonathan Adler, Alexander Wang, Anne Fontaine, Gentle Monster, Zadig&Voltaire and others will open in the coming months.
Capital Square is raising $48.4 million to develop 320 W. South St., a 20-level, 297-unit, luxury multifamily community with 8,384 square feet of ground-floor retail space, as well as a standalone parking structure with 437 spaces in an opportunity zone in downtown Raleigh, North Carolina’s Warehouse District.
Plans for North Pointe in West Chester Township, Ohio, north of Cincinnati, include 15 buildings with 87,000 square feet of retail and restaurants, as much as 405,000 square feet of office, a 5,000-square-foot convenience store, 870 multifamily units and a 140-room hotel. Developer Dillin expects to break ground in early 2022. The $250 million project would be constructed in five phases over the next several years.
Ensemble and Mosaic Development Partners will break ground next year on Chapel Block, a three-building, mixed-use complex in Philadelphia’s Navy Yard district. The complex will feature 611 apartment units and 26,000 square feet of restaurant and retail.
De La Vega is seeking approval to develop a 500,000-square-foot mixed-use center in McKinney, Texas, called West Grove. About 16.5 acres of the property would be zoned for multifamily, and the rest would be for retail and entertainment. The entertainment component, The Hub, would sit on more than four acres and offer parking, restaurants and space for concerts, movies, sports and other events.
The Hub
Centurion American Development Group broke ground on Phase 1 of a $1 billion mixed-use project to replace the 37-year-old Collin Creek Mall in Plano, Texas. The new Collin Creek will include 400,000 square feet of restaurants, retail and entertainment, 500 luxury townhomes, nine acres of parks and 1.6 miles of walking trails. Apartments, office and a hotel are also in the plans for the former regional mall.
Stonebridge and PCCP completed a series of transactions on vacant industrial sites in Alexandria, Virginia, that will allow the development of the 1 million-square-foot, master-planned, mixed-use Oakville Triangle. The initial phase will include a four-level, 95,000-square-foot Inova Health System research center; 84 townhomes from Tri-Pointe Homes; a 130,000-square-foot self-storage complex; 571 multifamily units; and 37,000 square feet of retail along Richmond Highway. Demolition will begin immediately, and development will start this fall. The initial components will deliver in fall 2023, and the project will deliver in winter 2024.
Construction will begin soon on a mixed-use complex on the nine-acre site of a vacant Lowe’s in Suffolk, Virginia. The Gallery at Godwin will include ground-level retail space under apartments.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
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