REAL ESTATE

DJM Capital Partners to develop retail/hotel project

BY Staff Writer

Huntington Beach, Calif. — DJM Capital Partners announced that it has acquired about 11 acres from Crescent Heights for the retail and hotel portion of a planned mixed-use development Pacific City.

The company said it plans to develop on the original footprint and with almost 6.5 acres for 191,000 sq. ft. of open-air retail, restaurants and entertainment and four acres for an eight-story hotel.

“We have a rare opportunity to create an exceptional oceanfront destination in one the world’s most recognized beach cities – ‘Surf City USA,’” said Lindsay Parton, president, DJM Development Partners, an affiliate of DJM Capital Partners. “Our vision is to bring quality retail and dining that appeal to residents and visitors and do it in a way that reflects the essence of the area.”

The company already owns Bella Terra, an 800,000-sq.-ft. retail center set on 44 acres with more than 70 shops and restaurants.

DJM’s Pacific City property will feature retail and restaurants in multiple two-story buildings set around a central pedestrian street dotted with plazas and open areas along Pacific Coast Highway.

It will feature sustainable design in the building materials and landscaping and use a natural color palette that reflects and complements the beach environment.

DJM has engaged the Jerde Partnership as design architect, Lifescapes International as the landscape architect and SMS as the executive architect.

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A.Marius says:
Feb-28-2013 02:12 pm

An eight story hotel in the
An eight story hotel in the area would be fantastic, creating an oceanfront destination will make people that plan vacation to choose staying at the DJM Capital Partners newly built hotel. Having Lifescapes International as the landscape architect is a good decision, their team is one of the best.

A.Marius says:
Feb-28-2013 02:12 pm

An eight story hotel in the area would be fantastic, creating an oceanfront destination will make people that plan vacation to choose staying at the DJM Capital Partners newly built hotel. Having Lifescapes International as the landscape architect is a good decision, their team is one of the best.

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REAL ESTATE

Casto, St. Joe, SRA team to develop Pier Park North

BY Staff Writer

Panama City Beach, Fla. — The St. Joe Co., together with Casto and Strategic Retail Advisors, announced a joint venture to develop Pier Park North, a 390,000-sq.-ft. shopping center located across from Pier Park Lifestyle Center in Panama City Beach, Fla.

Confirmed retailers include Dick’s Sporting Goods, Michaels, Pier 1 Imports and Kirkland’s. Pier Park North anticipates opening in spring 2014.

“Casto is pleased to be involved in such a dynamic project,” said Brett Hutchens, partner at Casto. “We together with SRA are making great headway thus far and there is strong interest among many additional national retailers and restaurants, and therefore, we anticipate another wave of tenants to be announced in early 2013.”

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REAL ESTATE

Brixmor announces multiple leases with Ross Dress for Less

BY Staff Writer

New York — Brixmor Property Group announced four lease executions with Ross Dress for Less across the Brixmor portfolio. Within the Brixmor portfolio of shopping centers, Ross currently has 26 locations in 11 states and encompasses approximately 800,000 sq. ft.

The new locations with Ross include a 25,000-sq.-ft. store opening in early 2013 at Montebello Plaza, in Montebello, Calif.; a 27,500-sq.-ft. store opening summer 2013 at Rivercrest Shopping Center, in Crestwood, Ill.; a 22,000-sq.-ft. store also opening summer 2013 at Clocktower Place, in Florissant, Mo.; and a 25,000-sq.-ft. store slated to open summer 2013 at Five Points, in Corpus Christi, Texas.

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P.Lopez says:
Apr-02-2013 08:52 pm

chatrandom
Within the Brixmor portfolio of shopping centers, Ross currently has 26 locations in 11 states and encompasses approximately 800,000 sq. ft. chatrandom

P.Lopez says:
Apr-02-2013 08:52 pm

Within the Brixmor portfolio of shopping centers, Ross currently has 26 locations in 11 states and encompasses approximately 800,000 sq. ft. chatrandom

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