Development

DevelopmentIllinoisNewsRetailers

Draper and Kramer Completes Phase II Renovations at Jewel-Osco-Anchored Shopping Center in Chicago

by Alex Tostado

Chicago — Draper and Kramer Inc. has completed the second phase of its ongoing renovation of Lake Meadows Market in Chicago’s Bronzeville neighborhood. The final element of Phase II was a full interior and exterior renovation of the shopping center’s 193,000-square-foot Jewel-Osco grocery store. Jewel-Osco parent company Albertsons shared costs of the $2.3 million project, which also included the addition of a mural entitled “Heart of Bronzeville” by local artist Corey Jenkins. Previous Phase II work included the addition of more than 18,000 square feet of new and renovated retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentInvestment salesNewsPennsylvaniaRetailers

Colliers Brokers Sale of 211,000-Square-Foot Former Macy’s Store in Bensalem, Pennsylvania

by Alex Tostado

Bensalem, Pa. — Colliers International has brokered the sale of a 211,000-square-foot retail property formerly occupied by Macy’s in Bensalem, a northeastern suburb of Philadelphia. The property is located within the Neshaminy Mall, a 1.2 million-square-foot shopping and dining destination that opened in 1968. The buyer, Sant Properties, plans to reposition the vacant box for multiple tenant spaces. The sales price was undisclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredNewsRetailersTexas

Brookshire Grocery Co. to Open 55,000-Square-Foot Store in Fate, Texas

by Alex Tostado

Fate, Texas — Brookshire Grocery Co., a Tyler, Texas-based chain that operates about 180 grocery stores in Texas, Louisiana and Arkansas, will open a FRESH by Brookshire store in Fate, located about 30 miles northeast of Dallas. The store will span a minimum of 55,000 square feet and will be located at the corner of Interstate 30 and Memorial Parkway. Construction is scheduled to begin by the end of the year, and the store is slated to open in late 2021.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsRetailers

URW Opens Expansion at $1.1 Billion Silicon Valley Retail Destination

by Alex Tostado

San Jose, Calif. — Unibail-Rodamco-Westfield (URW) has opened a 500,000-square-foot expansion at Westfield Valley Fair, the French developer’s $1.1 billion retail destination in San Jose. The retail center is part of a redevelopment project that replaced two 1950s-era shopping centers.  The project now encompasses 2.2 million square feet in total, with more restaurant and store openings planned for 2021. A three-level flagship Bloomingdale’s luxury apparel department store anchors the new expansion, alongside other apparel retailers including Anthropologie, Club Monaco, Fabletics, Indochino, Jimmy Choo, John Varvatos, Longchamp, Rodd and Gunn, Urban …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceHawaiiNewsRetailers

George Smith Partners Secures $51.7 Million Construction Loan, $16.2 Million Mezzanine Debt for Niumalu Marketplace in Hawaii

by Alex Tostado

Kona, Hawaii — The Davies Group at Los Angeles-based George Smith Partners has arranged both a $51.7 million senior construction loan and $16.2 million in mezzanine debt for the ground-up development of Niumalu Marketplace, a shopping center in Kona. The borrower is Commercial Real Estate Development Enterprise (CREDE). Safeway will anchor the 204,275-square-foot retail property, which is slated for completion by fourth-quarter 2020. Malcolm Davies, Zachary Streit, Evan Kinne, Alexander Rossinsky, Rachael Lewis, Aiden Moran and Maxwell Shedlosky of George Smith Partners facilitated the transaction. Centennial Bank provided the construction …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredNew HampshireNews

Whole Foods to Open 42,000-Square-Foot Grocery Store in Portsmouth, New Hampshire

by Alex Tostado

Portsmouth, N.H. — Whole Foods Market will open a 42,000-square-foot grocery store in Portsmouth, located approximately 45 miles east of Concord. The store will be the Austin-based grocer’s third in the state and will anchor Durgin Square Shopping Center, a 135,000-square-foot retail property that also houses HomeGoods and T.J. Maxx. The store is slated to open this fall. Scott Black of Dartmouth Co. represented Whole Foods in the lease negotiations. Ben Starr of Atlantic Retail represented the landlord, Black Creek Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsRetailers

United Development Starts Construction of French Valley Marketplace in California

by Alex Tostado

French Valley, Calif. — Southlake, Texas-based United Development Co., in partnership with Pasadena, Calif.-based Halferty Development Co., has started construction of French Valley Marketplace, a shopping center in French Valley, approximately seven miles northeast of Temecula. Situated on 22 acres, French Valley Marketplace will offer 132,500 square feet of leaseable space in 16 buildings, with 44,300 square feet of retail space still available, four drive-thru pads for ground lease or build-to-suit and 5,000 square feet of grocery store and planned pharmacy space. Pre-leased tenants include Grocery Outlet, LA Fitness, McDonald’s, …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentNewsRetailersTexas

EVO Entertainment to Open 80,000-Square-Foot Venue at Escala in San Antonio

by Alex Tostado

San Antonio — EVO Entertainment, an entertainment retail concept that combines bowling, movies, games, food and beverages, will open an 80,000-square-foot venue at Escala in San Antonio. The center will feature 10 movie screens, 12 bowling lanes, a restaurant and bar, arcade and virtual reality games, a ropes course and private event space. Metro Dallas-based N3 Real Estate is the developer of Escala, a shopping center located at the intersection of State Highway 151 and Military Drive on the city’s northwest side. The venue will be the seventh for EVO, …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredNewsRetailersTennessee

Whole Foods Opens 44,500-Square-Foot Store in Downtown Nashville

by Alex Tostado

Nashville, Tenn. — Whole Foods Market has opened a 44,500-square-foot store in downtown Nashville. Whole Foods employs about 120 full- and part-time workers at the new store, which is situated at 1202 Broadway. The store will be open 7 a.m. to 10 p.m. daily. The new location features a full-service coffee bar called BroadBrews, offering coffee, espresso, cold brew, teas, beer, wine and pastries. The new Whole Foods is situated at the ground level of 1200 Broadway, a 26-story, 313-unit apartment complex. This is Whole Foods’ third location in metro …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMallsNewsOklahomaRetailers

Simon Breaks Ground on 340,000-Square-Foot Tulsa Premium Outlets

by Alex Tostado

Jenks, Okla. — Simon Property Group Inc. has broken ground on Tulsa Premium Outlets, a 340,000-square-foot, open-air retail and dining destination. The property is located just off the Creek Turnpike in Jenks, a southern suburb of Tulsa, and will be Simon’s 91st Premium Outlets development. Construction of the property is expected to generate 400 jobs, and the opening of the center is anticipated to create 800 new full- and part-time jobs. A completion date was not released.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts