Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Submissions should be sent to dailyjournal@scbiznews.com.

Tradd Varner of Coldwell Banker Commercial Atlantic International Inc. represented the landlord, Oakbrook Plaza Shopping Center LLC, in the lease of a 1,700-square-foot retail space at 10050 Dorchester Road to Glow Tan Salon and Spa.

Todd P. Garrett of Avison Young represented the landlord, Weims Court Associates, in the lease extension of a 3,200-square-foot office and warehouse space at 3290 Industry Drive in Charleston to Gary Thorpe of Horizon Landscape.

Ryan Welch of Lee & Associates Charleston represented the landlord, N.L. Bassford Jr., in the lease of 75,000 square feet of warehouse space at 324 Deming Way in Summerville to Blackhawk Logistics LLC. Hagood Morrison with Colliers International represented the tenant.

Todd P. Garrett of Avison Young represented the landlord, Roger K. Davis, in the lease of a 2,000-square-foot office and warehouse space at 2561 Oscar Johnson Drive in North Charleston to Security 101. Angel French of Matt ONeill Real Estate represented the tenant.

Amanda Reeves of Lee & Associates Charleston represented the landlord, Mt. Holly Summerall Square LLC, in the lease of 1,300 square feet of retail space at Summerall Square, 874 Orleans Road, Suite 1, in Charleston to Lymin Inc, doing business as Miracle Ear.

Jonathan Chalfie of Lee & Associates Charleston represented the landlord, T&S Family L.P., in the lease of a 1,115-square-foot office suite at 3850 Bessemer Drive, Suite 240 in Mount Pleasant to Eastech Property Development LLC.

Vitre Stephens and Avery Homes of Avison Young represented the landlord, Fifty-Two Associates, in the lease of a retail space at 8410 Rivers Ave. in North Charleston to Carolina Vape Zone LLC.

Len Meyer of The Peninsula Co. LLC represented the seller, Lempesis LLC, in the sale of 192 East Bay St., Suite 300, to Grassroots LLC for $350,000. Michael Shuler of King Street Commercial represented the buyer.

Todd P. Garrett of Avison Young represented The Infinger Family LLC in the lease of a 4,500-square-foot office and warehouse space at 4748 Franchise St. in North Charleston to K Construction Inc.

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Hot Properties for Sept. 15, 2014

Union Square Office Condo for Sale - NYO

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Retail Property For Sale - Cityfeet

Charlotte developer Goode Properties is seeking to rezone 1.7 acres across the street from the Metropolitan development for a mixed-use project that would feature a hotel, residences, offices and retail space.

The project, Baxter Place, would be built on roughly three-quarters of a one-block area east of South Kings Drive. Project plans also call for five townhomes and a six-level, 500-space parking deck.

Goode Properties is requesting that Charlotte City Council approve a rezoning request to allow a 140-foot-tall building on the site. Thats 40 feet above the sites current height restrictions.

Roy Goode, owner of Goode Properties, said the eight-story building would house the hotel and the office and retail space. He said the building needs to be 140 feet tall or the project wouldnt make economic sense, given land values and construction costs.

The site proposed for the project takes up most of the block defined by Luther Street to the north, Cherry Street to the east, Baxter Street to the south and South Kings Drive to the west. Roughly the southeast one-quarter of that block is not part of the project, Goode said.

Total development costs would be around $60 million, he said. Those costs would include demolition of two rental homes on the sites east side, where the townhomes would go.

Goode said no hotel deals have been signed yet. If a hotel deal is not reached, the building would be entirely offices and retail.

Plans for the hotel come in a year that has seen a handful of other hotel projects announced in or near uptown.

For example, a partnership comprising McKibbon Hotel Management of Florida and Charlotte-based Vision Ventures and Mount Vernon Asset Management in June announced plans for a 20-story hotel tower at the EpiCentre entertainment complex. In March, Crescent Communities unveiled plans for an office and hotel development on South Tryon Street.

Charlotte hospitality industry officials have said that having more hotels in uptown could help the city attract larger conventions.

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Developer seeks rezoning for $60M mixed-use project near Metropolitan

TM Montante Development the company tackling the conversion of the former Millard Fillmore Hospital complex is launching a construction management firm to handle not only its own development needs but a wide range of work for other clients.

The developer is starting Montante Construction as a full-service company to set and manage the schedules, budgets and full scope of building projects for its sister companies, TM Montante and Montante Solar.

It also will seek to manage construction jobs from third parties.

Currently, Montante is redeveloping the former E.M. Hager Planing Mill on Elm Street near Clinton Street in Buffalo once the home to Spaghetti Warehouse into a mixed-use building with 22 apartments and 10,000 square feet of office space, now occupied by C&S Companies.

It is also leading the redevelopment of the former hospital into a mixture of senior housing, townhomes, condos, apartments, retail space and a community facility.

TM Montante is also developer for the Riverview Solar Technology Park in Tonawanda, with support from its solar-energy affiliate, which was started several years ago.

In all, it has $85 million of projects in various stages of work.

Theyve always been kind of in the development picture, but their profile has seemed to grow recently, said spokesman Phil Pantano. The profile and depth of projects that theyve been taking on has grown.

The new entity will be led by President Douglas Elia, a local construction veteran who served as the key point person for LPCiminelli on several projects across the region, including the Conventus medical office building on Main Street at the Buffalo Niagara Medical Campus.

Ciminelli Real Estate Corp. is the developer for that eight-story building, and LPCiminelli is the contractor.

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TM Montante starts construction management firm

Construction will be starting soon to kick off two large real estate projects in Prosper.

Both are being developed by Dallas Cowboys owner Jerry Jones Blue Star Land Co.

Work will begin within weeks on utilities to support the Gates of Prosper mixed-use development on Preston Road and U.S. Highway 380. The infrastructure development will also enable construction of the more than 700-acre Star Trail residential community on the planned route of the Dallas North Tollway.

We have to bring in utilities sewer lines are coming from the west, Blue Star CEO Joe Hickman said. We will start within 30 days.

That sewer is a $5 million project, he said. It services almost every piece of our property.

Blue Star Land is teaming up with Lincoln Property to build the first phase of the 500-acre Gates of Prosper at the northeast corner of Preston and U.S. 380.

Lincoln Property is the same firm thats partnered with the Dallas Cowboys on their new headquarters and mixed-use project in Frisco.

About 300,000 square feet of retail space has been proposed for the first phase.

Other portions of the Gates of Prosper will contain office buildings, apartments and more retail.

Hickman said the plan is to start building the shopping center early next year.

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Construction starting soon on two developments Jerry Jones firm plans for Prosper

CALGARY - Village-style retail space with restaurants along the ground level and unique office space above is planned along the RiverWalk area near the Bow River in the East Village neighbourhood.

Calgary Municipal Land Corporation announced Wednesday that the development on 10,872 square feet of land by Calgarys XYC Design + Development will take place immediately east of the historic Simmons Building.

Kate MacGregor, president of XYC Design + Development, who also works as an architectural designer with nArchitects in New York City, said the M2 parcel is a highly visible site, and even though its small, it will have a huge presence in East Village.

The prominent location is ideal for what we intend to develop namely, village-style retail space with restaurants along the ground level and unique office space above. This wont just be an amenity for the neighbourhood, it will be a destination for all Calgarians, she said.

It will be really unique office space that I think will really be unlike any other office space in the city just because of the quality of architecture that were producing here and also just being right on the river and being right on the bike path but also part of this mixed-use neighbourhood.

The project by XYC Design + Development will yield between 17,000 to 20,000 square feet of village-format retail and office space in a four-storey building that fronts onto RiverWalk. Two restaurants, one fine dining and the other casual, on the main floor will spill out onto RiverWalks public promenade. XYC Design + Development is currently finalizing files for their Development Permit Application, which they expect to submit early in the new year. The office space will be about 12,000 square feet with the potential of one or two tenants.

The design of the building is by nArchitects - Eric Bunge, Mimi Hoang - with associate architect Riddell Kurczaba.

As a Calgarian I feel really privileged to be able to participate in this new neighbourhood which I think really aligns with my values as an an architect and as an engineer and someone who has lived in New York City and is hoping to come back to Calgary for a neighbourhood just like this one, said MacGregor.

She said she hopes construction will begin in 2016 dependent on the development permit process with a 12-month construction period.

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New restaurant/office development planned along Riverwalk in Calgary's East Village

Construction site work on Freshwater Plaza, the mixed use development project that Wauwatosa-based Wangard Partners plans to build northeast of South First Street and Greenfield Avenue in Milwaukee's Walker's Point neighborhood, could begin this fall.

The site work that could begin in upcoming months includes environmental remediation and utility work, said Mark Lake, director of retail development for Wangard.

Were still holding out hope we can break ground this fall, said Joe Kleiman, a broker for Mid-America Real Estate, which recently began marketing the retail space in the project.

Wangard still needs to complete the entitlement process for the project, Lake said.

"The city has a lot of work to do, but the project could open in late summer or early fall 2015," he said.

Wangard is also working to obtain financing for the project and is pursuing numerous funding sources, which could include tax incremental financing and new markets tax credits, Lake said.

Were looking at all financing sources right now, he said.

The project will include a 42,000-square-foot Cermak Fresh Market grocery store, a 45,750-square-foot office building, an L-shaped building at the corner of First and Greenfield with 15,900 square feet of retail space on the first floor, 19,000 square feet of medical office space on the second floor and 66 apartments on the upper three floors, plus two small outlot retail buildings on First Street with a total of 6,600 square feet of retail space.

The apartments could be a mix of market-rate and subsidized affordable housing units, Lake said. Since Wangard is seeking new markets tax credits for the project the firm could be required to offer some affordable units, he said.

The plans also include a 226-space parking structure between the grocery store and the office building, 289 surface parking spaces, and a water feature along Greenfield Avenue.

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Freshwater Plaza site work could begin this fall

Developer Peter Friday wants to start work next month on a project that could add thousands of square feet of office and retail space to Sewickley's business district.

But he needs borough council's approval on Monday night before forging ahead with plans to celebrate a groundbreaking in October.

Friday, president of Forbes Trail Development Co., is building an 8,500-square-foot office building that includes a first-floor coffee shop on property near Walnut and Thorn streets in Sewickley. It's the first of a series of projects planned for that area.

The vacant land had been part of the Ascot and Rolls Royce dealership before closing and being sold in 2012 to One Village Square LLC for $175,000.

The mixed-use development would consist of upper-floor office space, he said.

We think there's demand for shared office space, Friday said.

A coffee shop could be added on the ground floor of the proposed development, Friday said.

The development would be built near a two-screen movie theater Village Theater Co. is proposing.

That nonprofit group also is targeting a groundbreaking on the Walnut Street property sometime in October, theater group Vice President Susan Kaminski said. The group signed a lease agreement with the borough, which owns the property the theater will use.

While the development and that of the nonprofit group will fall under the Theater Square name, Friday said the buildings would not have similar appearances, adding that different building materials would be used since the projects are not connected.

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Council OK sought on office-retail project near proposed theater in Sewickley

HARTFORD Details of how the city might generate revenue to lease a minor league baseball stadium from a developer will be revealed in the coming days, the city's development director said.

Thomas Deller said Tuesday that he would present a plan to Mayor Pedro Segarra and the city council for making millions of dollars in payments to DoNo Hartford LLC, a group formed by developers Centerplan Development Co. and LeylandAlliance. The firms were chosen to lead a $350 million redevelopment project in an area north of downtown an effort that includes the construction of a 220,000-square-foot baseball stadium.

Hartford would pay $3.77 million annually for the first five years of a 25-year lease, according to projections in city documents. Its rent payments would then go up by 5 percent in the 6th, 11th and 16th years of the lease.

The city plans to sublease the ballpark to the New Britain Rock Cats, who would begin playing there in 2016. The Rock Cats would pay the city $500,000 a year for the first 15 years of a 25-year sublease, and $600,000 annually in the final 10 years.

The projected cost of building the stadium is $47.13 million, according to a proposal from Centerplan.

City officials have not yet offered specifics on how Hartford would fund its lease payments, but have said that parking fees and revenue from the naming rights, among other things, could help make up the difference.

Addressing a crowd of local business and economic development officials at MetroHartford Alliance's Rising Star breakfast Tuesday, Deller said the project "has to generate an income stream that allows us to pay for it."

"We are right now coming up with final dollar numbers to understand how that payment gets made," he said. "We're comfortable that we can make this happen and make it happen in a rational way."

Rock Cats owner Josh Solomon and Centerplan Vice President of Development Yves-Georges Joseph II said they have received numerous calls from interested corporations, grocery store chains and other business owners who want to be part of the project. Centerplan's proposal includes 210,000 square feet of municipal office space, more than 600 residential units, retail space and a brewery. The project would be paid for with private debt and private equity capital, officials have said.

Joseph said he envisions an urban-style grocery store with structured parking that is "a little smaller" than suburban supermarkets, but would "still serve a full complement of groceries."

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Hartford Vows To Release More Details On Paying Stadium Lease

With the city's Urban Redevelopment Authority expected on Thursday to select a firm to redevelop the Strip District's Produce Terminal, a company once lined up for the project has turned the page.

The Strip-based Buncher Co., which acquired a $1.8 million option on the Produce Terminal four years ago, received approval from the Pittsburgh Planning Commission to remove the crumbling terminal from a subdivision plan for riverfront property it owns.

It's no longer in our development plans, said Buncher President and CEO Tom Balestrieri.

Buncher owns more than 50 acres between the Allegheny River and Smallman Street. It is laying a road parallel with Smallman, between 16th and 21st streets, that crews will mostly complete by the end of the year, Balestrieri said.

Construction of as many as 200 apartments could begin along the riverfront near the 21st Street edge of the property next year, Balestrieri said. Simultaneously, townhouses that include so-called live-work units designed to house tenants and their businesses could be built nearby.

Balestrieri said Buncher spoke with about a dozen developers, including seven national firms, but Buncher could opt to use its own real estate and development division.

Tentative proposals have included 100 to 200 apartments in the first building, which could be five to 12 stories tall. Some firms proposed building a neighboring apartment building at the same time.

Buncher's plan to demolish about one-third of the URA-owned building drew opposition from Mayor Bill Peduto and some preservationists. In a deal brokered in February, Buncher agreed to step aside while the city considered alternate proposals.

Three groups are in the running. The URA is expected to choose a developer to negotiate with for up to 90 days. The board will vote to terminate URA's option with Buncher and pay the company $640,000 for doing so, its meeting agenda said.

Buncher is as anxious as everybody to see that project completed, company Vice President Mike Kutzer said.

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URA expected to select developer for Produce Terminal this week