Mixed Use
Forest City to Develop Mixed-Use in Dallas
Forest City Enterprises Inc. has big plans for the Dallas suburb of Frisco. The real estate company, acting through its Forest City Commercial Development subsidiary, has entered into a memorandum of understanding with the city and the Frisco Community Development Corp. to create Frisco North, a 320-acre mixed-use development that will sprout up in phases over an undetermined number of years.
UC Davis Near Completion on First Phase of Massive Zero Net Energy Community
Work is nearly complete on the first phase of UC Davis West Village, which the university is calling the “largest planned zero net energy community,” in the country. That means that the property will ultimately generate at least as much, and possible more power than it consumes.
Chicago’s One Superior Place Changes Hands
The 809-unit apartment and retail tower was purchased by One Superior Place Leasehold L.L.C. and One Superior Place Fee L.L.C., two entities controlled by Hartz Mountain Industries.
OliverMcMillan Restarts Project
There will be an investment of $300 million to bring The Streets of Buckhead to life. The mixed-use project will ultimately consist of an array of luxury commercial and residential components spanning six blocks in the tony neighborhood.
Dallas Multi-Family Project Cinches Loan
The 341-unit property is scheduled to open next year in the city’s Design District.
ProLogis to Sell $505M Portfolio
Taking yet another step in its restructuring strategy, ProLogis has arranged to sell a portfolio of retail, mixed-use and ground lease assets located in the U.S.
USAA Buys Land for 167,200-SF Project
Known as 1900 Wilson, the development comprises 191 Class A multi-family units totaling 149,915 square feet as well as 17,317 square feet of street-level retail.
Cambridge Mixed-Use Life Sciences Property Gets $175M in Financing
KBS Real Estate Investment Trust II provided Beal Cos. L.L.P. and Rockwood Capital Corp. with the sizable first mortgage loan that will be used to refinance the 665,000-square-foot One Kendall Square mixed-use life sciences property in Cambridge, Mass.
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.