Pete Sumners, left and Gordon Blackwood, right, from Yorkshire Bank, with Charles Hopkinson from Steam and Moorland, centre

A FAMILY-RUN garden centre is preparing for a period of new growth with the construction of a major extension.

The Stream and Moorland Garden and Machinery centre in Pickering, is building a new 7,200sq ft extension to house a new caf and retail space after securing a 450,000 finance deal with Yorkshire Bank.

The new extension, which is due to open in time for Easter, is also being funded by a 200,000 investment by business owners Charles and Bernadette Hopkinson.

Mr Hopkinson said the development should pave the way for more visitors and increasing staff numbers from 25 to 35.

The funding was arranged by Pete Sumners, business development manager at Yorkshire Banks Business and Private Banking Centre in York.

James Bradley, of Langleys Solicitors, acted on behalf of both Clydesdale Bank and Hopkinson & Sons on the loan facility.

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New funding paves the way for garden centre extension

Retailers go west to get in on the ground level of the newest Collins Street office tower.

A "grid" of retail shops on the ground floor of Melbourne's newest Collins Street office tower is almost fully leased as retailers take advantage of the fast evolving western end of the city.

Owned by Investa Office Fund and Investa Commercial Property Fund, the premium 26-level commercial tower at 567 Collins developed by Leighton Properties has secured tenants for most of the 13 spaces available.

The speedy take-up reflects the growing popularity and development of the western end of Collins Street as a viable retail precinct, agents said.

An impression of the "grid" of retail shops on the ground floor of 567 Collins Street.

Tenants who have signed on to the ground-floor forecourt include the boutique barista kiosk of local restaurateur Sargon Beteramia, national Japanese food vendor Sushia, Mexican fast-food Guzman Y Gomez and locally founded Earl Canteen, Spudbar and Jaffle Jaffle, Colliers International's Ben Tremellen and Georgie Cichy said.

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Retailers were accrediting stronger trading conditions at the western end of Collins Street withthe drag effect of the ongoing expansion of Docklands and large numbers of residential developments in the area, CBRE's Zelman Ainsworth said.

Directly opposite Investa's building, Hickory Group is finalising construction of a 65-level tower at 568 Collins for the Stamoulis Property Group.

The compact 30 by 40-metre site will have a total of 588 apartments when complete.

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Tower 'grid' latest Collin Street addition to west end retail space

A 48 acre development is set to break ground this year.

It's easily the largest project ever to be built in the small town of Belfield.

It's a multi-use development with hotels, restaurants, travel centers, convenience stores, and several retail outlets.

Belfield Crossing will be located just North of Interstate 94 along Highway 85.

Managing Partner Mitch Beckstead of American Landmark Group says they'll begin construction of the basic infrastructure this year with total completion of the project in three to four years.

The Northern-most part of the development will consist of retail, restaurants, and a truck stop.

The largest retail space will be 30,000 square feet.

A little farther South will be two hotels, each with 98 rooms.

And then to the West, office and warehouse space and more retail.

Beckstead says Highway 85 is a crossroad for transportation.

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Large Project in the Works for Belfield

New owners revive concept for townhomes, retail space on downtown block

One of Troutdale's most recognizable remnants of the economic recession, the stalled downtown Discovery Block on the Historic Columbia River Highway, is getting a new lease on life.

Leveled right before the recession kicked in in 2008, the block front between Southeast Dora Street and Harlow Avenue was envisioned as a U-shaped hub for prosperity.

On one side would be an anchor tenant, perhaps a restaurant or pub, with a retail shop and room for offices on the other. Behind the commercial buildings, 10 townhomes would arise.

When the economy tanked, so did the plan.

In the wake of a new ownership deal finalized in 2013, activity has resumed on the block, which still contains the Troutdale Vision Clinic building, at 226 E. Historic Columbia River Highway, between two vacant lots.

Pat Hanlin, one of the property's four owners, said the group is awaiting permitting approval from the city before construction begins on five of the 10 planned townhomes.

Depending on how sales go, then we'll start the second five, hopefully on the heels of that, Hanlin said.

If permitting and readying the site go as planned, the townhomes will begin by this summer.

The city's been anticipating something going on for a long time, he said. Now we're just waiting. Then we're going to be off and running.

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Mixed-use plan for Troutdale Discovery Block back in play

Published: Sunday, March 15, 2015 at 4:18 p.m. Last Modified: Sunday, March 15, 2015 at 4:18 p.m.

Nolan Galloway III, president and broker of Gus Galloway Realty in Ocala, said he is seeing a lot of "inter-market jockeying" from Marion County businesses looking to expand.

"As a broker, this is probably the first time I've been (as) optimistic as I am now since, say, 2005, 2006, when we all thought the trees were growing to the sky," Galloway said. "We all learned a really hard lesson. What I like a lot better about now versus then is I'm not seeing any unrealistic growth. We're back to the real estate basics. This client is only going to buy that asset if it makes financial sense."

Bartow McDonald IV, managing director of Sperry Van Ness in Ocala, said his company's database shows about 504,631 square feet of large industrial space (more than 30,000 square feet) available in Marion County, with a vacancy rate of 5.8 percent, down from 6.75 percent in 2014, 10.8 percent in 2012 and 14 percent in 2010.

He estimates average rental rates for large industrial properties are in the range of $3.50 to $4 per square foot, triple net, meaning the tenant also pays property taxes, insurance and maintenance.

"Yes, we are definitely seeing companies in the expansion mode," McDonald said. "We've seen a marked difference in the last six months."

Both McDonald and Galloway say increasing confidence in the economy is spurring Marion County businesses to expand.

"There's more discretionary dollars in our own marketplaces," Galloway said. "I don't care if you're selling widgets, toilet paper or industrial buildings, you're selling more of them now than you were selling in 2011."

Businesses that have made the leap recently include Ocala Winsupply. Don Johnson founded the plumbing, heating, ventilation and air conditioning supply business in 2008. Johnson started the company, originally known as Ocala Winnelson, with four employees and steered his company through lean years, building it along the way.

On March 2, with the help of Mark DeBolt, a commercial real estate broker, Ocala Winsupply moved from 15,000 square feet at 3661 S. Pine Ave. to almost 45,000 square feet at 1500 SW 17th Ave. Johnson said his company now has 19 workers.

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Growing confidence in economy spurring Marion businesses to expand

$8.00 - $12.00 /sf/year1,383 - 14,702 SF

Mission Centre is a single-level neighborhood shopping center containing 109,386 square feet of lease space on 9.968-acre parcel that includes 3 pad sites, which are managed and owned by separate ownership. Built in 1986, Mission Centre is comprised of 2 main lease buildings positioned on both sides of a former Albertson's Grocery in which will now be an ethnic grocery store. Together, the owned buildings and the former Albertson's are a single contiguous structure spanning the Beechnut frontage between Hwy. 6 and Vista Del Rancho Dr. The center is 44% occupied with tenants occupying 48,354 sf. Mission Centre has an attractive brick finish, landscape features and concrete parking surfaces, consistent with class A shopping center construction. Mission Centre is located 15 miles west of Houston's CBD and 10 miles west of the Galleria District, Houston's 2nd highest concentration of office buildings. The property is in the Far West sub-market on the south side of Beechnut, at the highly trafficked intersection with Hwy. 6, 6 miles south of Interstate 10/Katy Frwy. and the Energy Corridor area. The Energy Corridor is home to the 3rd largest office sub-market in Houston, behind Do

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Houston, TX Retail Space - Commercial Real Estate

Charles Mady says he will seek alternative financing for his downtown Barrie residential/commercial development after its major lender declined to fund the project's completion.

The Laurentian Bank of Canada, through a court-appointed monitor, made that decision public this week about Lakeview Condominiums and Collier Centre, which sits unfinished at 90 Collier/55 Mulcaster streets.

They (Laurentian) want to see if there is someone who will take over their debt, said Mady, CEO of Mady Development, and we're working with two people who have expressed an interest in doing so.

Not banks. Two private equity sources, he said. We're making a few calls. I have a few people working with me.

Jonathan Kreiger, of monitor Grant Thornton Ltd., said this means the project could go forward in one of two ways.

The options are that he (Mady) is going to secure some alternate financing to complete the project, or the project is going to be sold to another developer to complete, Kreiger said.

Laurentian has decided it's not going to fund the balance of construction to completion, but that doesn't mean that the project will not proceed. So what that means is the bank (Laurentian) will consider some further interim financing, to advance the project, but the ultimate full financing for the project is not going to come from Laurentian.

According to Ontario Superior Court of Justice documents, more than $50 million in debt is owed on this project.

Approximately $30 million is owed to Laurentian, $20 million to other creditors and there are $12 million in liens claims registered against the project.

Laurentian Bank could not be reached for comment by the Examiner.

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Construction of Barrie project remains in financial limbo

A prairie dog on the Bear Creek Trail in Lakewood on Dec. 29, 2012. (Seth A. McConnell, Your Hub file)

A pair of Castle Rock residents have been cleared to circulate a petition aimed at freezing construction of the Promenade at Castle Rock retail development.

Town Clerk Sally Misare on Tuesday certified the petition that was submitted to by residents Keith Lattimore-Walsh and Linda Van Nostrand. The petition, according to a town news release, seeks to overturn the Town Council's approval of the development plan and new zoning rules for the 166-acre Promenade property, located north of the Outlets at Castle Rock between Interstate 25 and U.S. 85.

The Town Council on March 3 unanimously approved plans that call for as much 1 million square feet of retail space and 350 housing units to be built on the property. A vast majority of people who spoke at that meeting, including Lattimore-Walsh and Van Nostrand, urged that the project be voted down, largely because its construction will lead to the extermination of a large prairie dog colony.

The clerk's approval of the petition language this week gives supporters until 5 p.m. on April 13 to gather enough signatures from registered Castle Rock voters to force council to either change its vote or push the issue to a referendum. The threshold is 5 percent of town voters as of Tuesday, or 1,945 people, according to town officials.

The Promenade project is being led by Greenwood Village-based Alberta Development Partners. The $177 million project broke ground in November.

Joe Rubino: 303-954-2953, jrubino@denverpost.com or twitter.com/RubinoJC

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Castle Rock OKs petition against Promenade project

Hundreds of jobs are set to be created after The Crown Estate was given the go ahead for a 30m extension of Silverlink Shopping Park.

North Tyneside Council has given a resolution to grant outline planning permission for the property giants plans to carry out major expansion plans at the complex one of 16 it owns across the UK.

The former Travelodge site opposite the park will now be converted into a new retail scheme, creating 175 construction jobs and around 300 retail jobs once it is up and running.

Four new retail units will take up 106,000sqft of space, with Next already confirming that it will relocate from its current store at the existing Silverlink Shopping Park to open a flagship Next Home and Garden store at the development, which is scheduled to complete in autumn 2016.

Other furniture and homeware retailers are being sought out for the remainder of the units, to join the lengthy list of tenants already at Silverlink including M&S, H&M, Next, New Look, River Island, JD Sports, Boots, Outfit, Argos and Currys/PC World.

With planning consent granted for the development, construction is set to begin this summer.

And The Crown Estate will work in partnership with the council to deliver two training packages, creating almost 50 new construction jobs for young people.

As well as new retail units, the plans include additional car parking facilities, enhanced landscaping, improvements to access routes into the park, and the widening of footpaths around the site.

Road improvements will also be made to provide a new access to the redeveloped site, the existing shopping park and Cobalt Business Park.

Hannah Milne, regional portfolio manager at The Crown Estate said: Were delighted with the committees decision and look forward to progressing our plans for regenerating this site.

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Jobs joy as Silverlink Shopping Park expansion plan by The Crown Estate is given green light

Written by John Charles Robbins on March 11, 2015

The Miami Marlins home opener of the 2015 season is Monday, April 6, the start of the fourth season at the 37,000-seat Major League Baseball facility. Meanwhile, the bulk of the Marlins Park garage retail space remains empty.

Most of the more than 50,000 square feet of retail space available for lease in three of the four parking garages built by the city remains unclaimed.

The Miami Parking Authority, by way of the Off-Street Parking Board, approved signing a rare lease for some of the retail space for a state drivers license office March 4, but most of the space goes unwanted.

As the county-owned stadium ages another year, the only commercial activity in the garage retail space has been a cigar shop and, one year ago this month, the long-awaited opening of a Subway sandwich shop.

The Subway opened March 20. The store is about 1,400 square feet at 1576 NW Seventh St.

The only other major tenant, Caf Rubio, finally signed an amended lease in November 2014 for 3,196 square feet along Seventh Street.

And while build-out work has begun on the interior of the restaurant, it is far from ready to open for business.

Caf Rubio is a Latin restaurant and sports bar. It first signed a lease for garage retail in January 2013 but then ran into budget issues and was close to walking away from the deal, according to parking authority officials.

But Caf Rubio came back to the authority seeking an amended contact.

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Retail roster weak as Miami Marlins set to open