Trader Joe’s, Onelife Fitness to Join $500M MXU Development in Richmond
Why this matters
Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed mixed use deal value tracked in October 2026: $337M across 4 reported transactions. All Mixed Use coverage →
Computed from Real Estate Trail’s own tracked coverage
Greenberg Gibbons announced that Trader Joe’s and Onelife Fitness are joining Midtown64 – a $500 million, 46-acre mixed-use destination in Richmond, Virginia. The first phase of development at Midtown64, which include…
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