Estero, Fla. — WMG Development has opened Shoppes at Verdana Village, a 78,000-square-foot retail center in Estero. Publix anchors the property. Other tenants at the center include Publix Liquor, Heartland Dental, Dunkin’ Donuts, The Nail Spa Estero, New York Pizza & Pasta and The UPS Store. WMG acquired the land from Cameratta Cos.
West Chester, Ohio — Graycor Construction Co. has completed the development of a 125,000-square-foot Bass Pro Shops Outdoor World store in West Chester near Cincinnati. The property features a fire watch tower, archery range, aquarium, exterior decorative water feature and boat showroom. Torgerson Design Partners was the architect. This marks the seventh Bass Pro Shops store to be constructed by Graycor.
Petersburg, Va. — Bruce Smith Enterprise and The Cordish Cos. have responded to a request for proposal issued by the City of Petersburg with plans to co-develop a $1.4 billion mixed-use project. Plans call for a gaming and entertainment district anchored by a Live!-branded casino and hotel. The project site is located at the intersection of Wagner Road and I-95 in Petersburg, about 24 miles south of Richmond. The partners intend to quickly open an initial Phase I casino within a year to begin creating jobs, vendor opportunities and economic benefits …
Las Vegas — Partners Capital and CNR Retail have announced plans to convert a 100,000-square-foot office complex, located in Las Vegas’ Green Valley Ranch neighborhood, into a food-and-beverage-driven, open-air retail center. Dubbed The Cliff, the $30 million adaptive reuse development will offer 25 retail spaces, ranging from 1,800 square feet to 17,000 square feet; a central bar; a 26,000-square-foot covered outdoor dining lounge with communal meeting spaces; live performance area; fire pits; kiosks; and public art installations. The joint venture acquired the property in August 2023 for $17.2 million in an off-market …
Rancho Palos Verdes, Calif. — Calmwater Capital has provided a $12.3 million loan for the acquisition and renovation of Western Plaza, a retail center located in Rancho Palos Verdes, roughly 30 miles outside Los Angeles. Tenants at the property include The Habit, California Fish Grill, Urbane Café and Mattress Firm. The buyer, West Hive, plans to demolish one of the three existing buildings at the center and construct a 3,000-square-foot outdoor patio to serve the food-and-beverage concepts at the property. Other planned renovations include improvements to storefronts and facades, new signage …
Charlotte, N.C. — Wegmans Food Markets Inc., a Rochester, New York-based grocer, plans to open a 110,000-square-foot store in Charlotte. Located along North Community House Road, the grocery store will be situated within Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. Wegmans aims to open the new store by the third quarter of 2026. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online …
Reno, Nev. — Gantry has secured a $12.7 million bridge loan to finance construction and leasing at North Reno Plaza, a shopping center located in Reno. The property is currently undergoing renovations including the addition of a new junior-anchor space and preparations for the opening of tenants Starbucks Coffee and El Super. Tony Kaufmann, Charlie Kokernak and Andrew Ferguson of Gantry arranged the financing on behalf of the undisclosed borrower.
Bowie, Md. — NAI Michael Cos. will develop South Lake Marketplace, a 600,000-square-foot mixed-use project within the $1.3 billion South Lake development underway in Bowie. Karington LLC, an affiliate of NAI Michael Cos., owns South Lake, which also features residential units being developed by Chesapeake Realty Partners. A grocer will anchor the Marketplace property, which will also feature other retail, restaurant, sports entertainment and hospitality concepts. The development will be situated adjacent to Liberty Sports Park, which features 10 professional sports fields and attracts 344,000 tournament attendees annually, according to NAI …
Sarasota, Fla. — Publix Super Markets has opened a 48,000-square-foot grocery store at Fruitville Farms, a mixed-use development currently underway in Sarasota. Benderson Development is the master developer of the public-private partnership, which will feature 150,000 square feet of retail and restaurants, in addition to 600 apartments and a new 120,000-square-foot Sarasota County Administration Center. Publix is the first tenant to open at the shopping center within Fruitville Farms.
Thornton, Colo. —TM Crowley & Associates has partnered with NLG Capital Management (NLGCM), a division of The Net Lease Group, to develop The Highlands at Thornton, a 23-acre mixed-use property in Thornton. Upon completion, the project will feature more than 101,925 square feet of retail, commercial and medical office space. CVS Caremark will anchor the development. Lisa Vela and Jay Landt of Colliers will manage leasing at the property.
