Braintree, Mass. — Toys “R” Us is opening 120 standalone stores across the country this holiday season, bringing its total U.S. footprint to 160 locations less than a decade after the chain shuttered its doors. The stores will cater heavily to adult collectors and teens, focusing on LEGO sets, trading cards and collectibles, alongside traditional children’s toys. One of the new stores will be located at South Shore Plaza, a 1.6 million-square-foot mall in Braintree, approximately 10 miles south of Boston. Simon Property Group owns the property, which features more than …
Woodstock, Ga. — Connolly has unveiled the first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta. Connolly closed on the site last September and began construction immediately. Tenants are expected to occupy the buildings this fall to prepare for an opening in early 2027. Woodstock Mill District encompasses an 11-acre new development site, as well as an existing 28,000-square-foot retail center that Connolly purchased in 2021 for $4 million. A 46,791-square-foot, freestanding Publix will anchor the new property, …
Virginia Beach, Va. — Pembroke Realty Group has provided updates on the $300 million redevelopment of Pembroke Mall, a regional shopping mall in Virginia Beach that dates back to 1966. The project, renamed Pembroke Square, will comprise The Pembroke, a 284-unit luxury apartment community set to break ground in the coming months; and Tempo by Hilton, a 163-room hotel that is underway. Two additional phases are in pre-development, while approximately 26,000 square feet of retail space is expected to come on line through 2028. Pembroke Square also includes Aviva Pembroke, …
Matthews, N.C. — Harris Teeter plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. The investment also includes the development of three new stores. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, South Carolina; and Matthews, Waxhaw, Concord and Huntersville, North Carolina; along with many other communities across the region. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, South Carolina, and Kannapolis, North …
Gallatin, Tenn. — GBT Realty Corp. has announced plans to develop The Crossroads of Gallatin, a 300,000-square-foot shopping center located in Gallatin, approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tennessee-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA …
Tampa, Fla. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium. The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities. Delivered through a master development …
Atlanta — Live music and dueling piano bar Park Bench will open a new venue at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. The new location will be situated within the development’s 7.5-acre “Entertainment District,” which includes a 5,300-seat Live Nation venue, an interactive Cosm attraction that opened this summer and a Virgin Hotel. Park Bench’s newest location will sit between and adjacent to Mercedes-Benz Stadium and State Farm Arena. CIM Group and its affiliate firm Centennial Yards Co. are the master developers behind the project, which is transforming a 50-acre site …
Deerfield Beach, Fla. — Deerfield Beach-based The Learning Experience is set to open 12 new locations over the next three years totaling 120,000 square feet in Michigan and Nebraska. Each center will include up to 10,000 square feet of indoor building space and a 5,000-square-foot playground. Eight locations are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience is owned by private equity group Harvest Partners …
St. Cloud, Fla. — Walmart plans to anchor a new 40-acre retail development underway in St. Cloud, situated roughly 26 miles southeast of Orlando. The property will include a 187,000-square-foot Walmart Supercenter, a Walmart convenience store and gas station and seven to 10 outparcels. The master developer of the project is The Ferber Co. The Ponte Vedra, Florida-based company is currently underway on site work and underground utility installation at the site. First tenants are expected to open by early 2028. The project team includes Hanson, Walter and Associates Inc., Traffic …
Western U.S. retail markets continue to witness flourishing leasing and investment activity. As in other parts of the country, the primary challenge for retailers and investors alike is finding supply to meet the demand, say SRS Real Estate Partners experts Scott Ellsworth and Gary Chou. In Arizona, Taiwan Semiconductor Manufacturing Company’s $265 billion investment to build six fabrication plants along with packaging and research and development facilities in the Phoenix market is driving economic activity and contributing to population growth. It also has effectively added a sixth “c” – chips …
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