Retail

Healthy lifestyle brand, Life Time will occupy the space, opening its first Brooklyn location at the mixed-use, residential and retail development.

PREIT says it has recognized the growing demand in this segment and has strengthened its portfolio to include a variety of health-oriented concepts, most recently incorporating Onelife Fitness at the Valley Mall, Peloton at the Cherry Hill Mall and Edge Fitness opening this fall at the Plymouth Meeting Mall.

The Soleste Grand Central apartment tower will open in 2021 with 320 market-rate units and 40 affordably priced units.

Slated to break ground in the summer of 2020, PMG’s first Wynwood project will feature more than 220 apartments, a hotel component, a rooftop bar and restaurant, and more than 35,000 square feet of retail.

The rationales for owning retail properties have been capsized in the rising tide of red ink and markets need less of it and rents need to recalibrate down. So how will it all shake out?

A Jack-in-the-Box in Mission Viejo trades hands for $1,374 per square foot, the highest price in Southern California in the last 12 months.