Mixed Use
Mixed-Use Miami Condo Property Under New Ownership
It is an oft-told story. Anticipating continued demand, a developer plans a premier project at the height of the condominium market, totally unaware of the impending housing market collapse, and then falls victim to the credit crunch and topples under the weight of financial challenges. Such was the case for Cabi Downtown L.L.C., the developer of Everglades on the Bay.
Lowe, JBG Partner on Mixed-Use Development in Nation’s Capital
The Fort Totten project will offer residential and retail space and be positioned as a transit-oriented development.
Glimcher Gains Control of Scottsdale Quarter to the Tune of $120M
Scottsdale Quarter, a $250 million project that opened in 2009, has 600,000 square feet of retail and office space on 28 acres.
Canyon-Johnson Partners with HYM, Atlas on NorthPoint Development
The 44-acre lot will eventually house a mixed-use community.
Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.
U of Maryland Student Housing Project Progresses as Clark Builders Comes Aboard
Development of student housing projects across the country continues at a strong pace, and in College Park, Md., the University of Maryland has selected Arlington, Va.-based Clark Builders Group to handle construction of The Varsity, a mixed-use residential project adjacent to the school’s main entrance.
HFF Secures $160M in Acquisition Financing for DC’s Washington Harbour
HFF senior managing director Bill Asbill and Bob Donhauser as well as managing director Cary Abod secured the five-year, fixed-rate loan with MetLife Real Estate Investments. They worked exclusively on behalf of Rockpoint Group and MRP Realty.
Legacy Wraps Up $264M Mixed-Use Project at Hollywood and Vine
The 12-story community features 375 apartments, 297 market-rate, 78 affordable, as well as 32,595 square feet of ground-floor retail including Trader Joe’s, Wells Fargo Bank, Café Entourage and Bubbles dry cleaners. It also has a 215-space on-site public parking lot.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.
$355M Refi Deal Closes for Premier Mixed-Use Manhattan Tower on Madison Ave.
The New York City-based borrowers, global alternative asset manager The Carlyle Group and commercial real estate investment firm Ashkenazy Acquisitions Corp., obtained the mortgage loan on 650 Madison from Wells Fargo Bank N.A. and Industrial and Commercial Bank of China Ltd., New York Branch.