Provo, Utah (Oct. 25, 2017) – Westport Capital Partners LLC, an international real estate investment firm, today announced that its project The Mix at River’s Edge is moving forward with phase one of its Master Plan early next week. Demolition and removal of many existing buildings starts the process, focusing on Lolo’s, Big O Tires, Taco Time, and Kyoto restaurant.
The Kyoto building is the first to come down, making way for a new Café Rio, the company’s soon-to-be flagship location.
“Westport is excited about the first phase of the redevelopment. We believe that the fundamentals of both the Provo and Utah real estate markets are strong,” said Russel Bernard, Managing Principal of Westport Capital Partners.
The new Café Rio will be a larger restaurant and adds a drive-thru, the first for the company’s chain of locations. Café Rio at The Mix is expected to open Spring 2018. The existing restaurant will remain open during demolition and construction.
“We’re focused on the development, planning and processes needed to make The Mix an amazing mixed-use center. Momentum is going forward,” said Colby Durnin, CEO of Sentinel Development. “The Provo City staff and officials have been very welcoming and we are proud to be able to start the redevelopment.”
In addition to the demolition and build-out of a new Café Rio, phase one also includes a remodel of Olive Garden and the build out of necessary infrastructure for future buildings at The Mix. Existing businesses, including Olive Garden, Café Rio, Cafe Zupas, Wilson’s Diamonds, Jimmy John’s, and JCW’s, will stay open through construction.
“Construction on The Mix will be phased,” added Durnin. “Phase One includes updates to some of the existing restaurants, the new Cafe Rio location, and a new retail village. The additional phases, which include three office towers, market rate apartments, and a hotel, is planned to begin in 2018. The entire project will take three-plus years to complete.”
The Mix at River’s Edge is designed to be a meeting place for residents and visitors in the Provo/Orem area. For more information on The Mix at River’s Edge, visit www.atthemix.com.
About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic, value-add and core-plus real estate arenas. Westport provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of value-add, opportunistic and core-plus real estate assets. The firm has offices in Wilton, Connecticut; Los Angeles, California; Bozeman, Montana; and London. For more information regarding Westport Capital Partners LLC, visit www.westportcp.com.
About Sentinel Development
Sentinel Development is a full spectrum national real estate development and management company focused on unique and complex projects that create innovative communities and destinations. Founded in 2001, Sentinel has nationally developed and repositioned over 100 properties consisting of billions in vale and millions in square footage. Sentinel Development seeks out unique development opportunities and manages all aspects of the process and innovation, from identification and inception through to delivery and completion. Sentinel Development strives to be entrepreneurial in all facets of commercial real estate development, construction, asset management, property management, finance, and capital transactions. This broad range of expertise defines Sentinel to simplify and execute the most complex developments and projects. Sentinel Development has offices in Irvine, California; San Jose, California; Salt Lake City, Utah, and Plano, Texas. For more information regarding Sentinel Development, please visit www.sentineldev.com.