Repositioning of a 180,000 square foot shopping center located in the heart of Austin, Texas. The Linc fronts Interstate 35 on the east and the new Austin Community College Highland Campus on the west. The property was purchased as an REO at auction. At the heart of the transforming Highland neighborhood, The Linc is poised to become a vibrant culinary, retail and entertainment district in the center of Austin. The Linc also provides select spaces for creative office tenants to incubate the next generation of Austin businesses.
NORTH LAMAR, TEXAS
The Crescent is a 120,000 square foot redeveloping shopping center at the corner of Airport and North Lamar in the heart of Austin, Texas. Extensive renovations are underway and the property is anchored by a 99 Ranch grocery store. The Crescent will be a curated center with a thoughtful tenant mix that offers new and different experiences for Austinites
MYRTLE BEACH, SOUTH CAROLINA
Myrtle Beach Mall is a repositioning of a 600,000 square foot enclosed mall located in one of the most vibrant tourist meccas along the Atlantic Coast. This region of South Carolina welcomes over 16 Million visitors annually and our mall contributes over 80 Million dollars of sales into the local economy. Myrtle Beach is America’s fifth fastest growing city. Myrtle Beach Mall will undergo a $30 million redevelopment to de-mall the property to create an open-air retail, restaurant and entertainment district.
THE SHOPPES AT EL PASO
EL PASO, TEXAS
Ground-up construction of a 385,000 square foot factory-outlet center on a 100 acre parcel in El Paso, Texas. Center in now fully occupied with future phases under development. Misuma sold its interests to a publicly traded REIT.
FORT WORTH TOWN CENTER
FORT WORTH, TEAXS
Rehabilitation and repositioning of an enclosed one-million square foot former regional shopping mall, and adjacent office tower, located in Fort Worth, Texas. The property was 70% vacant and in disrepair at the time of acquisition. Redevelopment of retail entailed positioning the mall toward an emerging Hispanic demographic by means of design and atmosphere, tenant selection, amenities, and other tactics. The property was sold to a new ownership group, which continues to pursue the same redevelopment plan.
EL PORTAL CENTER
Redevelopment project to include multiple properties in downtown Laredo. Misuma Holdings purchased distressed retail buildings physically located on the U.S. – Mexico border. The Company and its partners are presently working in combination with the city to create a unique urban retail destination.
WinDSOR PARK MALL
SAN ANTONIO, TEXAS
Currently RackSpace HQ, Windsor Park Mall is an assemblage and redevelopment of a 1.2 million square foot, former regional mall on the inner-loop in San Antonio, Texas. Worked with public agencies to create one of the largest and most successful adaptive reuse projects of a mall property in the United States. Developers sold it to the city/Rackspace.
BEVERLY HILLS HOTEL LOCATION
BEVERLY HILLS, CALIFORNIA
Development project involved assembling a city block on the border of Beverly Hills. Misuma Holdings was able to offset city down zoning by working with local residents and political establishments to obtain a variance to build a 400 room hotel. We then secured design approval, permits, and construction financing. Midway through construction, the developer’s group received an offer and sold the property to a Japanese consortium that owned the Nikko Hotel chain. After initially operating as a Nikko and Le Meridien Hotel, the property currently operates as the SLS Hotel.
LOS ANGELES, CALIFORNIA
Acquisition of an existing underperforming 200,000 square foot shopping center and an adjacent vacant 400,000 square foot warehouse located in Central Los Angeles. Misuma Holdings entitled, repositioned, and created from the ground up an indoor marketplace within the former warehouse space.
NEW ORLEANS OFFICE BUILDING PORTFOLIO
NEW ORLEANS, LOUISIANA
Purchase of four office buildings in downtown New Orleans. These buildings were rehabilitated, leased, and sold to private investors. Two other New Orleans buildings were sold to hotel developers.