The Frisco planning board okayed a Trader Joe ’s-anchored mixed-use project, and next week the town council will vote on the plan. Community Impact reports the proposed development would include a 12,500-square-foot Trader Joe’s and a 158-unit senior living facility, along with other mixed-use elements.
It would be located at the southwest corner of Majestic Gardens Drive and Main Street. The property was originally zoned for retail, office and single-family residential uses. The 9.4-acre development would include a 3.22-acre site for Trader Joe’s and 6.18 acres for the senior living facility.
The Trader Joe’s store and senior living facility will be constructed in a single phase. The senior living facility cannot open until Trader Joe’s opens. Neither project has a construction timeline or contractor.
The proposed Trader Joe’s mixed-use development will be considered by the Frisco City Council Oct. 6.
Marcus & Millichap has finalized the sale of 13103 Barbara Ann St., a 41-unit multifamily property in North Hollywood. The property sold for nearly $5.89 million, or $143,610 per unit, and closed escrow at a 5.7% cap rate based on in-place income. “The property had been under the same ownership for more than 30 years,...
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Charney Companies and Tavros recently celebrated the groundbreaking of 175 Third St. in Gowanus, Brooklyn. The 27-story mixed-use tower, the newest addition to the Gowanus Wharf development, will house more than 1,000 apartments, approximately 250 of them affordable. Designed by Bjarke Ingels Group (BIG) and dencityworks, the project will also include a 28,000-square-foot public waterfront...
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JLL Capital Markets arranged $276 million in refinancing for Vivante Newport Center and Vivante Newport Mesa, a two-property seniors housing portfolio in Newport Beach. Senior managing director Greg Brown, assisted by senior managing director Aaron Rosenzweig worked on behalf of the borrower, an affiliate of Nexus Development, to secure two uncrossed loans for the portfolio....
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