CTO Realty Growth Announces the Opening of New Fitness and Dining Concepts at Beaver Creek Crossings

Rhea-AI Summary

CTO Realty Growth (NYSE: CTO) announced the grand openings of two new tenants at Beaver Creek Crossings in the Raleigh-Durham area on December 9, 2025: One Life Fitness (45,000 sq ft) and Lime & Lemon Indian Grill & Bar (6,600 sq ft). One Life Fitness opened with pre-sold memberships and amenities including a saltwater pool, cold plunge, saunas, boxing studio, group fitness, and Kids Club. Lime & Lemon debuted its 6,600-square-foot menu-driven restaurant. Beaver Creek Crossings is a 322,000-square-foot center on 51 acres in Apex, NC, anchored by Dick’s Sporting Goods, Ross, TJ Maxx, HomeGoods, Old Navy, and is 99% occupied with four undeveloped outparcel pads for future development.

Key Figures

One Life Fitness space 45,000 square feet New health club at Beaver Creek Crossings

Lime & Lemon space 6,600 square feet New restaurant at Beaver Creek Crossings

Fitness locations more than 60 locations One Life Fitness footprint in eastern and southeastern U.S.

Retail center size 322,000 square feet Beaver Creek Crossings total retail area

Site acreage 51 acres Land area for Beaver Creek Crossings

Distance to Research Triangle Park 15 minutes Drive time from Beaver Creek Crossings

Occupancy 99% Current occupancy at Beaver Creek Crossings

Undeveloped outparcels four pads Future development capacity at Beaver Creek Crossings

Market Reality Check

$18.21 Last Close

Volume Volume 238,430 versus 20-day average 221,446 (relative volume 1.08x). normal

Technical Shares at 17.94, trading above 200-day MA of 17.5.

Peers on Argus

CTO slipped 0.33% while peers were mixed: OLP +0.15%, AHH +2.46%, GOOD -0.73%, SAFE -0.74%, GNL -0.49%, indicating stock-specific rather than broad sector action.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 18	Dividend declaration	Positive	-1.4%	Announced Q4 2025 common and preferred dividends with high implied yield.
Nov 14	Leasing update	Positive	+0.2%	New co-working lease and prior club and shop leases raised center occupancy.
Nov 06	Tenant opening	Positive	+1.7%	Grand opening of The Picklr and additional leasing lifting occupancy to 91%.
Oct 28	Earnings results	Positive	-0.8%	Q3 results showed higher revenues, Core FFO growth and stronger liquidity.
Sep 25	Debt financing	Positive	-0.1%	Closed $150M term financing, refinancing 2026 debt and extending maturities.

Pattern Detected

Positive operational and financing updates have often seen muted or mixed next-day price reactions, with several divergences on constructive news.

Recent Company History

Over the last few months, CTO has focused on balance sheet improvement, leasing, and shareholder returns. A Q3 2025 update reported $37.8M revenue, higher Core FFO and AFFO, and enhanced liquidity including a $150M term loan package. Subsequent 8-Ks detailed credit facility upsizing and new term loans. Operationally, CTO highlighted leasing momentum at the Shops at Legacy and the opening of The Picklr at The Collection at Forsyth. The company also maintained an ongoing dividend program, including a Q4 2025 common dividend of $0.38 per share.

Market Pulse Summary

This announcement details further leasing and activation at Beaver Creek Crossings, adding a 45,000 sq ft One Life Fitness and a 6,600 sq ft Lime & Lemon restaurant to a 322,000 sq ft center that is now 99% occupied with four undeveloped pads. It follows other recent updates on leasing and balance sheet moves, underscoring CTO’s focus on high-growth markets and curated tenant mixes. Investors may track occupancy trends, tenant diversification, and how new concepts support long-term cash flow durability.

Key Terms

open-air retail centers technical

"an owner and operator of high-quality open-air retail centers located"

Open-air retail centers are shopping properties where stores and restaurants face outward onto streets, walkways or plazas instead of being inside a fully enclosed mall, more like a neighborhood high street with parking and outdoor common areas. Investors care because these centers rely on steady foot traffic and visible storefronts, which drive rents and occupancy; their lower operating costs and tenant mix can make income more predictable, but performance hinges on location and local consumer habits.

occupancy technical

"the property ... is 99% occupied and includes four undeveloped outparcel pads"

Occupancy is the share of available space, rooms, units, or beds actually in use at a property or facility, usually expressed as a percentage. For investors it signals demand and how efficiently an asset is generating revenue—like seeing how many seats in a theater are filled tells you how well a show is selling—so higher occupancy generally means steadier cash flow and stronger asset value, while lower occupancy can point to revenue risk.

forward-looking statements regulatory

"Certain statements contained in this press release ... are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

WINTER PARK, Fla., Dec. 09, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of high-quality open-air retail centers located primarily in higher-growth markets in the Southeast and Southwest regions, announced the grand openings of two new tenants at Beaver Creek Crossings in the Raleigh-Durham metro area: One Life Fitness (45,000 square feet) and Lime & Lemon Indian Grill & Bar (6,600 square feet).

One Life Fitness, a health club operator with more than 60 locations in the eastern and southeastern U.S., recently opened its 45,000-square-foot facility, offering a comprehensive fitness experience featuring top-tier amenities including an indoor saltwater pool, cold plunge, Himalayan salt–lined saunas, state-of-the-art cardio and strength equipment, group fitness classes, a boxing studio, and a Kids Club. The location has successfully pre-sold memberships, positioning it for a strong opening. Learn more here.

Lime & Lemon Indian Grill & Bar recently opened a 6,600-square-foot restaurant, debuting its award-winning cuisine and curated menu showcasing flavors from across India, adding a distinctive global dining option to Beaver Creek’s expanding culinary lineup. Learn more here.

Beaver Creek Crossings is a 322,000-square foot retail center on 51 acres in the growing Apex submarket of Raleigh, North Carolina, located 15 minutes south of Research Triangle Park – the largest research park in the United States. The property, anchored by Dick’s Sporting Goods, One Life Fitness, Ross Dress for Less, TJ Maxx, HomeGoods, and Old Navy, is 99% occupied and includes four undeveloped outparcel pads for future development.

About CTO Realty Growth, Inc.

CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE).

We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.

Safe Harbor 

Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Statements, among others, relating to the undeveloped outparcel pads that represent future development opportunities, the center’s location in a vibrant and growing Apex submarket of Raleigh, North Carolina, are forward-looking statements.

Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in structured investments; the impact of epidemics or pandemics on the Company’s business and the businesses of its tenants or borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their businesses; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.

There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

Contact:
Investor Relations
ir@ctoreit.com

FAQ

What new tenants opened at Beaver Creek Crossings announced by CTO on December 9, 2025?

CTO announced openings for One Life Fitness (45,000 sq ft) and Lime & Lemon Indian Grill & Bar (6,600 sq ft).

How large is One Life Fitness at Beaver Creek Crossings (CTO)?

One Life Fitness occupies 45,000 square feet and opened with pre-sold memberships.

What amenities does One Life Fitness at CTO’s Beaver Creek Crossings offer?

The facility features a saltwater pool, cold plunge, Himalayan salt saunas, cardio and strength equipment, group classes, boxing studio, and a Kids Club.

How big is Lime & Lemon Indian Grill & Bar at Beaver Creek Crossings (CTO)?

Lime & Lemon opened a 6,600-square-foot restaurant showcasing its Indian cuisine.

What is Beaver Creek Crossings occupancy and anchors per CTO’s announcement?

Beaver Creek Crossings is 99% occupied and anchored by Dick’s Sporting Goods, One Life Fitness, Ross Dress for Less, TJ Maxx, HomeGoods, and Old Navy.

Does CTO have room for future development at Beaver Creek Crossings?

Yes; the property includes four undeveloped outparcel pads available for future development.