The location, on the second floor of the mall near Forever 21 and Nordstrom's, will focus on startups, small businesses, retail and e-commerce incubation initiatives, revolutionizing the mall model.
There is a premium associated with more infill, higher barrier to entry submarkets as seen with the Arlington, TX location of the 63,124-square-foot Albertsons, which recently sold to a private investor.
The initiatives include seeding a real estate investment in Oakland, anchoring a $100 million national loan fund for affordable housing and kicking off a plan to end homelessness for 500+ Oakland residents.
Artistry at Edgestone is the first senior living community of its kind to be developed in Frisco as it's the only luxury age-restricted product here with freestanding independent living cottages.
Unico Investment sold a 27-building office portfolio of repositioned historic and newly constructed assets totaling 1.8 million square feet to Broad Street Principal Investments, an affiliate of Goldman Sachs.
Since 2012, Kennedy Wilson grew the ADR by 63% and per-room revenue by 100% at the Ritz-Carlton Lake Tahoe through capital and operational improvements including culinary, year-round and outdoor offerings.
“We listed the properties the day after Amazon announced it was locating its headquarters here. The properties were under contract within hours with two at the full price.”