Page 56 - December 2020 January 2021

6X6
san Francisco, Us
Developer: ingka Centres

Ingka Centres will transform the 6X6 building in downtown destination that includes office, dining, retail, entertainment and
San Francisco into a new, circa 25,000sq m retail destination multi-family developments. Being developed by Bright Realty,
(with a total site size of 35,000sq m) anchored by IKEA and the project is a suburban live/work/play community close to
complemented with mixed-use offerings “that are uniquely DFW International Airport with plans for outstanding schools,
suited for San Franciscans and their lifestyle”, following its thriving businesses and a variety of affordable multi-family,
acquisition from MSP Property. The purchase is Ingka Centres’ single-family, town home and condominium products in the
first in the US and, with an acquisition and redevelopment cost Castle Hills community. Future phases of The Realm at Castle
of $260M, 6X6 is expected to open in autumn 2021. “Our Hills currently under construction include Valor at The Realm,
urban projects are all about getting closer to our customers,” 260 apartments above 37,000sq ft of retail space; Discovery at
Ingka Centres’ General Manager, Gerard Groener says: “6X6 The Realm Phase II, 312 apartments; Sojourn condominiums,
is an impressive six-floor glass building with smart, modern 80 units with over 8,000sq ft of retail; Aura at The Realm, 400-
design and internal areas that provide the ideal canvas to create plus apartments and an additional 45,000sq ft of restaurant and
something truly spectacular.” retail space is to be delivered in 2021.
Grandscape, one of the largest and most unique mixed- Gaw Capital USA, a Hong Kong and Los Angeles-based real
use development projects in the US and being developed estate private equity firm, together with DJM, a San Jose and
by Nebraska Furniture Market, occupies more than 400 Los Angeles-based private equity real estate developer, have
acres in The Colony, Texas. At full build-out, Grandscape will unveiled their vision and plans for the famed shopping centre
boast three million square feet of retail, entertainment, dining, at Hollywood & Highland, which includes a major design update
residential, office and attractions. The 95-acre lifestyle centre and new name, Ovation Hollywood. Upon completion in late
portion of the project opened in March 2020, with attractions 2021, Ovation Hollywood will finally be transformed into a
such as Andretti Indoor Karting & Games, Galaxy Theatres and vibrant, mixed-use project that includes 135,000sq ft of retail, two
the largest all sports store in the world, SCHEELS. In an effort floors of nearly 100,000sq ft of creative office space, 85,000sq ft
to keep this destination vibrant, modern and appealing, it not of dining, 65,000sq ft of entertainment space and 40,000sq ft of
only features a carefully curated merchandising mix, but also event space. With an emphasis on a refreshed tenant mix and
technology, including digital art installations, fountain shows, updated merchandising, DJM is leaning into their retail expertise
charging stations, Wi-Fi & warm and inviting architecture with to bring an updated tenant mix to the property.
huge trees, pocket parks and more. While 2020 has presented Intended as a first of its kind, L&L Holding Company, in
many challenges, Grandscape has opened numerous partnership with Maefield Development, Fortress Investment
businesses and recently announced a brand new 1.5 million Group and the Nederlander Organisation, is creating a full-
square foot grade A office park, the British entertainment building promotional platform in Times Square, New York.
destination Electric Gamebox and restaurants Curry Up Now TSX Broadway will comprise a 51,096sq m, 46-storey tower
and World of Beer as the latest to join, slated to open in 2020 which includes an outdoor stage suspended nine metres high.
and 2021 respectively. The project includes the largest (177 metres tall) and most
The completion of the Offices at The Realm signals the first technologically advanced signage and lighting package available
phase of The Realm at Castle Hills, a 324-acre, mixed-use lifestyle as well as 11 floors of retail and experiential space, a 669-room

The Realm aT CasTle hills
New York, Us
Developer: Bright Realty