Cord Meyer Breaks Ground on Rentals at Bay Terrace Shopping Center
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in September 2026: $3.3B across 54 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
Cord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago. The $100-million-plus development will bring 145 new rental…
External link. Real Estate Trail does not republish source content.
Related coverage — Retail
T-Mobile expansion advances; shopping center rezoning delayed
SITE Centers sells Florida shopping center for $8.4 million
New Shopping Center Planned Along Harris Lane in Gallatin
SITE Centers sells Florida shopping center for $8.4 million By Investing.com
Why Restaurant Data Silos Are a CRE Issue: How Unified Guest Insights Drive Retail Real Estate Success
Prime real estate may help customers through the door once, but applying guest intelligence is what keeps them coming back. For modern restaurant tenants and the landlords who lease to them, site viability and long-te…
Follett Higher Education and Howard University Celebrate Grand Reopening of the Bison Exchange Campus Store
The renovation transforms the 16,000-square-foot store into an elevated retail and community destination celebrating Howard University students, alumni, faculty, and Bison pride WASHINGTON, Sept. 16, 2026 /PRNewswire/…