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FLAGSTAFF MALL CREATING EXPERIENCES FOR RETURNING SHOPPERS

Article from Flagstaff Business News

By Stacey Wittig
August 5, 2020

 

The Flagstaff Mall is preparing for crowds to return to shopping and creating community-focused experiences.

“You may have noticed some construction going on the past few weeks,” said Managing Director Kirk Williams, of Cypress Equities, the Dallas developer behind the shopping center’s improvements. “We are making some necessary and unique changes for Flagstaff Mall.”

Local contractors such as Wespac Construction Inc, Colter Electric LLC and Intermountain Plumbing, Mechanical and Solar are preparing areas designed to create community space that will invite people to gather, once it is safe to get together. “Human beings are social creatures, hard-wired to seek solace in human interaction and community. We crave human contact and revel in shared experiences,” said Flagstaff Mall General Manager Bonnie Bouschet.

“Shopping online does not answer our desire for these shared experiences. Gathering at Flagstaff Mall does,” she continued. The remodel project focuses on redeveloping significant areas on JCPenney’s west wing of the center.

Several modifications of space at the mall will tap into the desire for shared experiences. One, a new outdoor communal area, will be located between Dillard’s and JCPenney on the south side of the property adjacent to Route 66. The space “will give shoppers an outdoor place to gather and relax with their family and friends,” said Bouschet.

The outdoor area adjoins indoor space revamped as a place for family-friendly entertainment. “So often I hear from the guys, ‘We need a place to go while our wives are shopping,’ and so, hey, we’re making that happen for you,” said Bouschet. “It will be a fun place to hang out.”

A new mall tenant, whose identity has yet to be revealed, will manage both renovated spaces. Mall officials plan to announce the new tenant soon.

Another change to space utilization at the mall is the addition of Planet Fitness, which opened last November but then closed recently because of the state’s COVID-19 restrictions on health clubs. Once it reopens, the fitness center will provide areas where people can come together for the synergy of group workouts led by physical trainers in a non-intimidating “Judgement Free Zone.” The Flagstaff health club is the only Planet Fitness in Arizona taking advantage of a mall location.

Straightline Builders, Inc., also a local contractor, built the two stand-alone structures on the Highway 89 periphery of the mall parking lot. Starbucks Coffee Company opened in one last January, and the other is awaiting a lease. “I am always pushing local contractors, and whenever possible, we use local,” said Bouschet.

More Mall Makeovers

On the north end of the mall, contractors are renovating space for Hobby Lobby, a mega arts and crafts and home decor store. “We are excited to be adding Hobby Lobby to our existing strong anchors, Dillard’s, JCPenney and Planet Fitness,” the mall general manager continued. “We are also activating the interior of the mall with entertainment. We are finding that entertainment and shared social experiences are the new ‘anchors’ in our properties across the country.”

New additions to the Food Court include Elevated Pizza, locally owned by Jeff and Lucinda Hutchison, who also own and operate the Old World Style Almonds kiosk in the mall.

This month, the Flagstaff Mall is sponsoring a blood drive on Aug. 22. Those who donate blood that day will receive a COVID-19 antibody blood test. “Our blood drive has been phenomenal,” said Bouschet, who believes people have been more conscientious about donating blood during the pandemic. Next month’s mall blood drive is scheduled for Sept. 11 and 12, to commemorate 9/11.

In addition to the new happenings, locally owned Frederick Fisher Jewelers is celebrating 40 years at Flagstaff Mall this year.

The Flagstaff Mall remodel is expected to be completed this fall. Select stores are currently open at the mall. Modified hours are noon to 7 p.m., Monday through Saturday, and noon to 6 p.m. on Sunday. Everyone is required to wear masks and maintain social distancing.

“Shopping at Flagstaff Mall supports our community; we have many locally owned businesses,” said Bouschet. “Purchasing locally also supports our community, as your tax dollars are kept local.” FBN

Original Article

BAYSHORE NAMES MARIO A. MIRELES NEW SENIOR GENERAL MANAGER

Press Release from Urban Milwaukee

By Bayshore
August 3, 2020

 

MILWAUKEE (August 3, 2020) – Bayshore is pleased to announce that Mario Mireles has been appointed as its new senior general manager. He will lead and provide oversight of day-to-day operations of the property, including asset management, operations, marketing, customer and tenant relations for both Bayshore and Bayshore Place apartments.

Mireles will also serve on the project management team for Bayshore’s ongoing redevelopment, which is projected to be complete by the end of 2020.

“Mario is a proven leader. His business acumen and ability to engage with a wide variety of stakeholders is impressive,” said Kirk Williams, managing director for Cypress Equities. “We welcome his fresh perspective as we continue our work to recreate the new Bayshore experience for our guests.”

A veteran of the retail and office property management industry, Mireles brings with him more than 20 years of experience in a variety of senior leadership roles, having most recently served as the southeast region Director of Property Management for Phillips Edison & Company.  His progressive management career has included positional experience with companies in Chicago, Los Angeles, San Francisco and Salt Lake City.

“I’m excited to lead the Bayshore team and look forward to serving our retailers, tenants, residents, and guests to deliver a shopping, dining and living experience that is truly second to none,” Mireles said.

Mireles attended California State University – East Bay and has earned the International Council of Shopping Center’s (ICSC) Certified Retail Property Executive and BOMA’s Real Property Administrator designations. He is an active member of ICSC and was a long-standing board member and vice-chairman of two commercial improvement districts in Atlanta.

Follow Bayshore on FacebookTwitter and Instagram for all the latest news and updates.

About Bayshore

Bayshore is an open-air, mixed-use shopping center featuring a variety of retail shops, restaurants, offices and multi-family residential units. Bayshore features more than 75 merchants, offices and restaurants. The center boasts a dynamic atmosphere and unique shopping experience. With its vibrant year-round appeal and engaging ‘shop, dine, play and stay’ community setting, Bayshore truly is the place to be. For more information, visit www.thebayshorelife.com.

For retail leasing opportunities, please contact Mid-America’s Dan Rosenfeld or Andrew Prater at 414-273-4600. For office leasing, contact Colliers International’s Dan Wroblewski or Matt Fahey at 414-276-9500.

About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the United States. Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices in the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.

* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.

Original Article

BAYSHORE BRINGS THE SOUNDS OF SUMMER OUTSIDE

Article from OnMilwaukee

By Bobby Tanzilo
July 30, 2020

 

What’s old is new again. Bayshore Town Center originally opened as an outdoor mall in 1954 before enclosing in 1974 and, these days, the enclosed mall is now gone as Bayshore has fully returned the focus to the fresh air.

And as more changes come to the Glendale mixed-use shopping center – including a new Target store and a Total Wine – Bayshore is bringing the music out into the open, too, with its Sounds of Summer concert series.

The free series kicked off Friday, July 10 with The Five Card Studs and Ryan McIntyre in the newly renovated The Yard right in the heart of the town center.

This year, The Yard will add a beer garden, hosted by Wisconsin Brewers Guild, on through Aug. 29, with a variety of Wisconsin-made craft beers, seltzers and non-alcoholic beverages.

Lawn chairs and blankets are welcome, but no pets please.

According to a statement, “Bayshore supports the practice of social distancing for guests and masks are encouraged but not mandated. Social distancing signage and hand sanitizer units are in public restrooms, and tables and public seating areas are positioned for safe social distancing in the open-air community environment.”

Here is the schedule:

Friday, July 31: King Solomon

Friday, Aug. 7: The Britins (Beatles tribute)

Friday, Aug. 14: The Love Monkeys

Friday, Aug 21: U2ZOO

Friday, Aug. 28: Joe 2.0

All shows run from 6 until 8 p.m.

“We are thrilled to be able to offer our guests fun, open-air, summer concert experiences at Bayshore where they can enjoy their local favorites, food and camaraderie,” said Kirk Williams, managing director for Cypress Equities, which owns Bayshore Town Center.

Here are more summer events, with info provided by Bayshore:

Bayshore Family Flicks Series

In addition to the Sounds of Summer concert series, Bayshore is welcoming kids of all ages to enjoy the new free Family Flicks movie series playing from the LED screen facing The Yard. The movie showings will be held on Wednesday evenings (5 to 7 p.m.) from Aug. 5 through Aug. 26. Guests are advised to bring lawn chairs and blankets as limited seating is available. The lineup includes “Toy Story 4,” “Frozen II,” “The Secret Life of Pets 2” and “The Lion King.” Event details are available at thebayshorelife.com/events.

Bayshore supports the practice of social distancing for guests and masks are encouraged but not mandated. Social distancing signage and hand sanitizer units are in public restrooms, and tables and public seating areas are positioned for safe social distancing in the open-air community environment.

Bayshore Burn Boot Camp

Bayshore and ATHLETA have partnered with Burn Boot Camp of Whitefish Bay to host free fitness classes in The Yard. The 45-minute boot camp classes are held on Thursday evenings (5:30 to 6:30 p.m.) and Saturday mornings (9 to 10 a.m.) now through Aug. 20. Registration is required to ensure social distancing and can be found at thebayshorelife.com/events.

Bayshore Blood Drive

Bayshore is once again partnering with Versiti Blood Center of Wisconsin to host an on-site blood drive on Thursday, Aug. 6 from 12 p.m.to 5 p.m. and Friday, Aug. 7 from 10 a.m. to 3 p.m.

As life-saving donations are desperately needed, Bayshore has worked closely with the Versiti team to ensure a safe and accessible location for the drive, which will take place at 5689 N. Bayshore Dr., Glendale (near The Yard). Additionally, Versiti continues to implement social distancing and disinfecting procedures in all donor centers and mobile donation units to provide a safe donation experience for all guests.

In compliance with strict protocol, walk-ins will not be allowed. Appointments only. Visit the event listings on thebayshorelife.com/events to schedule an appointment, or call (877) 232-4376.

Original Article

A LOOK AT THE MAJOR REDEVELOPMENT UNDERWAY AT BAYSHORE

ARTICLE FROM MILWAUKEE BUSINESS JOURNAL

By Sari Lesk
July 11, 2020

Construction is underway as the manager of Bayshore undertakes a major overhaul of the shopping center in Glendale. Check out the attached slideshow to get a look at the construction work in progress at the prominent retail center.

Cypress Equities, the Dallas-based manager of the retail complex, is redeveloping Bayshore in a project expected to be complete by the end of this year. When finished, Bayshore will have less square footage overall, and it will devote less space to retail.

For example, the developer has proposed four apartment buildings along North Lydell Avenue.

Bayshore visitors can also expect new tenants, including Erik’s, Total Wine & More and Target.

Besides updating the tenant roster, Cypress has been re-envisioning the complex’s aesthetic.

On Friday, for instance, Bayshore’s new town square, called “The Yard,” opened to the public. The developer characterizes The Yard as a family-friendly community green space. Cypress said it intends to use the town square area for live entertainment and activities.

In addition, Cypress has added immersive art installations at Bayshore. Local artist Emma Daisy curated the collection, the developer said. Visitors can expect creations by muralists, fine artists, sculptors, fabricators, illustrators and animators.

ORIGINAL ARTICLE

BAYSHORE OWNERS PROPOSING 316 NEW RESIDENTIAL UNITS

ARTICLE FROM BIZTIMES

By Alex Zank
July 10, 2020

Last updated on July 13th, 2020 at 02:15 pm

Bayshore could get four new apartment buildings totaling 316 units, under a new proposal filed with the city of Glendale by the group redeveloping the mixed-use property.

The plans call for the buildings to go up west of North Lydell Avenue, next to the existing parking ramp. Two would be built between the ramp and Lydell Avenue, one would be along the northern wall of the ramp and the last would be just north of that.

The largest building would total nearly 181,200 square feet with 119 units. It would also contain a courtyard terrace and 112 covered parking spaces. The other three would range in size from roughly 65,900 square feet to 83,350 square feet. Two would contain 59 units and the third would have 79 units.

A site plan also depicts a “shared urban plaza” between the two apartment buildings on the east side of the structure, and a pool just off Lydell Avenue and south of the northernmost building.

The project’s architect, Milwaukee-based Engberg Anderson Architects, submitted the plans on behalf of Cypress Equities, Bayshore’s operator. The plans will be considered Tuesday by Glendale’s Community Development Authority. They will then need final approval by the Common Council.

But the plans are only conceptual, and may not represent what’s eventually built at Bayshore. That’s according to Kirk Williams, managing director for Cypress Equities.

“Apartments are, and have always been, an integral part of the overall development vision of Bayshore,” Williams said in a statement. “The recently released plans of the new Bayshore apartments are only conceptual in nature and not a complete depiction of the final product. However, we are in the process of developing our final plans for the new residential facilities, and we will continue to take in market feedback as it pertains to the ultimate product. Once those plans are eventually developed, we look forward to sharing those details in the near future.”

The apartment plans are just the latest being put forward for the redeveloping town center-style development. The property is adding a Target store (at an undetermined date) and a Total Wine & More later this summer. Today also marks the official opening of the development’s updated town square.

Bayshore’s total retail space is meanwhile being significantly downsized. Demolition of the former food court and neighboring retail spaces was recently finished.

Bayshore features more than 75 merchants, offices and restaurants located northwest of West Silver Spring Drive and North Port Washington Road.

ORIGINAL ARTICLE

NEW HIGH-END APARTMENTS PROPOSED FOR GLENDALE’S BAYSHORE MIXED-USE PROJECT TO TOTAL OVER 300 UNITS

ARTICLE FROM MILWAUKEE JOURNAL SENTINEL

By Tom Daykin
July 9, 2020

 

The redevelopment of Glendale’s Bayshore mixed-use project is to include four apartment buildings with over 300 units, according to new plans submitted to city officials.

Two of the buildings would have 119 units and 79 units.

The two other buildings would each have 59 units, according to plans submitted by Engberg Anderson Architects on behalf of Dallas-based Cypress Equities LLC, which operates Bayshore.

The high-end apartment buildings, ranging from four to five stories, would be just west of North Lydell Avenue — the boundary between Glendale and Whitefish Bay.

Three of the buildings are to wrap around the parking structure on Bayshore’s east side. The other apartment building would be just north of the parking structure.

The apartment community would include both covered and surface parking spaces, as well as an outdoor pool, club room and an elevated court yard, the plans show.

There also would be a public plaza facing Lydell Avenue.

The plans are to be reviewed by the Glendale Community Development Authority at its Tuesday meeting.

The plans also need Common Council approval.

The council in 2019 approved the general redevelopment plans for Bayshore, including conceptual plans for new apartments, a hotel and a medical office building.

Meanwhile, new retail tenants, including Total Wine & More and Target, are coming to Bayshore. A revamped public square, now called The Yard, opens Friday.

The city wouldn’t have been able to pay off that debt with Bayshore’s existing property tax revenue. That’s because Bayshore’s value has declined steeply.

Bayshore’s assessed value was $310 million until 2019 — when it was slashed to $65 million. A revamped Bayshore could have property values totaling more than $200 million, according to the city.

Tom Daykin can be emailed at tdaykin@jrn.com and followed on InstagramTwitter and Facebook.

Original Article

BAYSHORE UNVEILS ITS NEW PUBLIC SQUARE WITH THE LAUNCH OF ITS SUMMER CONCERT SERIES

ARTICLE FROM MILWAUKEE JOURNAL SENTINEL

By Jeff Rumage
July 9, 2020

Bayshore will unveil its new public square with the launch of its summer concert series on .

In creating the new public square, known as The Yard at Bayshore, the mall’s owners replaced the fountain centerpiece with artificial turf, additional seating, public art and a large LED screen for sports and other broadcasts.

The Yard at Bayshore will be introduced during the new Bayshore Sounds of Summer concert series, which kicks off at 5 p.m. Friday with a performance by Ryan McIntyre, followed by 5 Card Studs, which play from 6 to 8 p.m.

The concerts will continue every Friday, from 6 to 8 p.m., until the end of August.

Here’s the remainder of the schedule:

  • July 17: 52nd Street (Tribute to Billy Joel)
  • July 24: Valerie B & The Boyz
  • July 31: King Solomon
  • Aug. 7: The Britins
  • Aug. 14: The Love Monkeys
  • Aug. 21: U2 Zoo
  • Aug. 28: Joe 2.0

The Yard at Bayshore will also feature the Bayshore Beer Garden on Fridays and Saturdays from July 10 through Aug. 29. Hosted by Wisconsin Brewers Guild, the beer garden will serve craft beer from Wisconsin brewers, along with seltzers and non-alcoholic beverages.

“We are thrilled to be able to offer our guests fun, open-air, summer concert experiences at Bayshore where they can enjoy their local favorites, food and camaraderie,” said Kirk Williams, managing director for Cypress Equities, which manages Bayshore.

Bayshore officials said they encourage guests to practice social distancing and wear face masks. Hand sanitizer is available in public bathrooms, and seating areas are positioned for safe social distancing, according to a news release.

Contact Jeff Rumage at (262) 446-6616 or jeff.rumage@jrn.com. Follow him on Twitter at @JeffRumage or Facebook at www.facebook.com/northshorenow.

Original Article

BAYSHORE WELCOMES LEADING NATIONAL RETAILER, TARGET

PRESS RELEASE FROM URBAN MILWAUKEE

Two-story shopping experience brings ease and convenience to area shoppers

By Cypress Equities – Jun 30th, 2020 09:09 am

MILWAUKEE (June 30, 2020) – Bayshore is pleased to announce it has entered into a lease agreement with the best-in-class, leading national retailer, Target. The exact opening date of the 128,512 square-foot, two-story retail space is not yet determined. Mid-America Real Estate – Wisconsin, LLC represented both Bayshore and Target on the lease transaction.

“We are incredibly excited to welcome Target as an anchor tenant of the new and revitalized Bayshore,” said Kirk Williams, managing director for Cypress Equities. “From day one we have done our best to listen to the community and respond to the shopping, dining and entertainment experiences that they desire, and Target remained at the top of their list and ours.”

Construction is underway on the new Target store which will be located on the east side of the property on Fountainview Drive adjacent to the Lydell Avenue parking garage, in the former Boston Store.

The newly envisioned Bayshore will feature many enhancements and upgrades to the property including more local and national retailers and merchants, as well as unique and curated restaurant and pop-up concepts. The recreated town square, newly-named The Yard, has been designed as a family-friendly community space and will host year-round entertainment and activities such as concerts, festivals, etc. Additionally, Bayshore is excited to offer guests an immersive art experience through the Bayshore Art Project, which will eventually showcase work from more than 30 local artists throughout the property.

About Bayshore

Bayshore is an open-air, renovated existing shopping center featuring a variety of retail shops, restaurants, offices, and multi-family residential units and a new Class A 316-unit project with best-in-class finishes and amenities. Bayshore features more than 75 merchants, offices, and restaurants. The center boasts a dynamic atmosphere and unique

shopping experience. With its vibrant year-round appeal and engaging ‘shop, dine, play and stay’ community setting, Bayshore truly is the place to be. Follow Bayshore on Facebook and Instagram or visit www.thebayshorelife.com for the latest information on the ongoing redevelopment and community events. For retail leasing opportunities, please contact Mid-America’s Dan Rosenfeld or Andrew Prater at 414-273-4600, for office leasing contact Dan Wroblewski or Matt Fahey of Colliers International at 414-276-9500.

About Cypress Equities 

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the United States.  Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices in the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.

* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.

Original Article

BAYSHORE’S UPDATED TOWN SQUARE TO OPEN JULY 10

Redevelopment of the Bayshore mixed-use development in Glendale is progressing, and the property’s newly renovated town square is slated to open to the public on July 10.

Now known as The Yard, the public area will officially open with a concert as part of the Bayshore Sounds of Summer series, according to a news release. Bayshore’s operator, Cypress Equities, is aiming for The Yard to be a four-season community space featuring live entertainment and activities with both covered and open-air seating.

“Creating functional, open spaces for our guests is one of our key priorities,” Kirk Williams, managing director for Cypress Equities said in a statement. “The Yard is a new vibrant community space designed for people to enjoy, whether it’s experiencing a live event or catching up with friends – The Yard is the heartbeat of the property.”

Work on The Yard is nearly complete. Also, demolition of the former food court and adjacent retail spaces at Bayshore has been finished. Beautification work has also recently finished on the Kohl’s plaza on North Bayshore Drive, equipped with upgraded landscaping, lighting and walkways.

New artwork is also being installed throughout the property. Curated by local artist Emma Daisy, there will be more than 30 works of art by muralists, fine artists, sculptures, fabricators, illustrators and animators on display.

“Art is a core staple to invigorating Bayshore, and we could not be more excited to join with our vibrant local artist community to bring this vision to life,” Daisy said in a statement.

Bayshore features more than 75 merchants, offices and restaurants located northwest of West Silver Spring Drive and North Port Washington Road. Total Wine & More is opening there in late summer.

Original Article

CYPRESS EQUITIES SECURES $90 MILLION CONSTRUCTION LOAN ON LEGACY SQUARE IN LINDEN, NJ

DALLAS (April 6, 2020) – Cypress Equities* (“Cypress”) announced today that it has secured a $90 million construction loan for a Walmart-anchored shopping center in Linden, New Jersey.  Phase 1 was completed in late 2019 with the opening of a 185,000/sf Walmart Supercenter and 7 finished pad sites.  Phase 2 is now under construction and will open in early 2021.  Phase 2 will add 157,000/sf.  Current signed leases include LA Fitness, Chick-fil-A, Taco Bell, Supercuts, Hook & Reel, Panda Express and Verizon.  The nearly 47-acre site is situated at the intersection of US Route 1/9 (West Edgar Road) and Pleasant Street along the primary retail corridor in Linden, New Jersey.

An insurance company is the lender on the new debt facility. The project is a partnership between Cypress and Stockbridge.

“Cypress is pleased to have closed on this new financing which will allow us to complete the development of Legacy Square and provide a new, unique shopping & dining destination to the community,” stated Chris Maguire, chief executive officer for Cypress Equities.

Hugh Kelly and Brian von Schmid of SRS Real Estate Partners, New York City office,  Cypress’ sister company, are handling the leasing for the project.


About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the United States.  Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices in the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.

* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.


About Stockbridge

Stockbridge is a real estate investment management firm led by seasoned professionals averaging 25+ years of real estate industry experience. The firm manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors. Stockbridge has approximately $16.3 billion of assets under management (as of December 31, 2019) spanning all major real estate property types, and certain specialty property types, throughout the United States. The firm has offices in San Francisco, Atlanta and Chicago.  www.stockbridge.com

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