the Editors of Commercial Property Executive
Walmart Supercenter Opens in Randallstown, MD
Brixmor Property Group, the second largest owner of community and neighborhood shopping centers in the United States, opened a new Walmart Supercenter in Randallstown, MD, on Wednesday, October 17. At the ribbon-cutting ceremony, Walmart associate, Hugh Lowery performed the national anthem.
San Antonio to Welcome TRISUN Healthcare Assisted-Living Center
A new TRISUN Healthcare assisted-living and memory-care facility will be built in San Antonio, next to the TRISUN Care Center at Lakeside, which opened this summer. The 53,313-square-foot complex will have 42 assisted-living and 18 memory-care units. Designed by Austin-based DFD Architects and built by San Antonio-based Metropolitan Contracting Co., it will sit on 5.2 acres of land near Loop 410 and State Highway 151.
Developers Start Work on Luxury Aloft Hotel in Beachwood
BGL Real Estate Advisors, a subsidiary of Brown Gibbons Lang & Co., and Cleveland real estate developer Scott Berkowitz broke ground on Monday, Oct. 15, on a luxury aloft hotel at the Chagrin Highlands corporate center in Beachwood.
Northwestern Mutual Provides Cathedral Commons with $91M in Financing
A joint venture between Giant of Maryland and the Bozzuto Group has managed to secure $91 million in construction and permanent financing for Cathedral Commons, a mixed-use development in Northwest Washington, D.C.
Residents Arrive at Grandview Yard’s First M-F Complex
Residents have started moving into the Apartment at the Yard complex, the initial multi-family component of the Grandview Yard mixed-use development in Grandview Heights.
Mills Properties Plans to Build $60M Apartment Community Featuring a 30,000-Sq.-Ft. Whole Foods Grocery
Locally-based Mills Properties recently announced plans to build a new apartment community in the Central West End neighborhood of St. Louis.
Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island
Developer 41st Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York’s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the city.
International Developer Gets Approval for $412M Downtown Mixed-Use Project
Espacio USA will soon move forward with its first major US investment, as the company’s latest mixed-use project—planned for Downtown Miami’s Omni area—recently received city approval.
HID Global Picks Austin for $36M Plant
HID Global Corp. has chosen Austin for its new manufacturing and distribution facility. After months of negotiations, which began early this year, the identity security company announced the decision to build a 200,000-square-foot operations center in Northeast Austin. Continue reading →
Two Major Retail Projects in Works for Charlotte Metro
It seems this was the week to announce significant retail development for greater Charlotte, with not one, but two important players of the retail industry expressing their intent to build in the Queen City.