Development/Redevelopment

A spectacular mixed-use development will soon break ground in Gainesville, Fla. — at the intersection of I-75 and Archer Road. When complete, Celebration Pointe will run more than a half-mile along I-75, the heart of Gainesville’s most successful retail corridor.

The project’s specs are awesome: 125 acres, 1 million sq. ft., 300,000 sq. ft. of upper-moderate and specialty retail, a huge restaurant and entertainment component, Class A office space, nearly 1,000 multifamily residential units, a branded hotel.

New York -- Jones Lang LaSalle has added another financing expert to its growing Capital Markets team in Dallas. Industry veteran Jeff Zickefoose joins has joined the firm as senior VP. He will work with Managing Director Randy Fleisher and the rest of the team to provide strategic services to clients throughout the region.

“Jeff brings nearly 20 years of financial experience and a long track record of originating debt on behalf of leading commercial mortgage debt providers,” said Fleisher.

New York – Fairway Market will be the anchor grocer at the Hudson Yards residential/retail complex being developed by Related Companies and Oxford Properties Group in Manhattan. The 45,875-sq.-ft. store will be located in the Hudson Yards South Tower.

Fort Worth, Texas – RadioShack has opened two new concept stores in the New York area, bringing the total number there to three. In addition, the retailer is unveiling a new “low touch” concept store format that it has opened in Manhattan Mall in New York and Plaza Las Americas in Hato Rey, Puerto Rico, last month, and will open in downtown Fort Worth in October of this year.

New York -- Jones Lang LaSalle’s Capital Markets group has closed the sale of four prime multifamily properties in the Dallas area on behalf of four separate sellers. The combined sale price exceeded $120 million.

AT&T has transformed its store in LaGrange, Ill., to a new look that the company is rolling out at new and redesigned stores nationwide. Focused on the customer experience, the store is designed to create a more interactive and inviting store environment. Many of the elements (design and merchandising) were introduced at AT&T’s flagship on North Michigan Avenue in Chicago.

Stephen L. Hittman has been developing supermarket-anchored shopping centers for three decades. In 2001, he founded Crossroads Companies. As president and CEO of Crossroads, he has built a regional portfolio of supermarket-anchored centers valued at more than $200 million.

Canton, Mass. -- Dunkin' Donuts said it will open eight new restaurants in Rochester, N.Y., via a multi-unit store development agreement executed with existing franchisee Luis Ribeiro.

Ribeiro currently owns 25 of the 61 Dunkin' Donuts in the Greater Rochester area.  

"We expect 10 to 20 new Dunkin' Donuts restaurants to open in Rochester over the next few years," said Grant Benson, VP franchising and business development, Dunkin' Brands.