Development

DevelopmentFloridaGrocery-anchoredNewsRetailers

Publix Opens 49,000-Square-Foot Store Within Central Florida Shopping Center

by Alex Tostado

Loughman, Fla. — Publix Super Markets Inc. has opened a 49,000-square-foot store within Loughman Crossing in Loughman. The prototype location includes a drive-thru pharmacy. Halvorsen Holdings is developing Loughman Crossing, which is also home to Publix Liquors, AT&T, Great Clips, Erlyn’s Taxes and Encore Nails. Loughman Crossing spans 78,200 square feet and includes six outparcels. Located at the intersection of U.S. Highway 17-92 and Ronald Reagan Parkway, the property sits 15 miles southwest of Walt Disney World and 30 miles southwest of downtown Orlando.

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DevelopmentGrocery-anchoredNew YorkNewsRetailers

Wegmans to Open 74,000-Square-Foot Grocery Store in Brooklyn

by Alex Tostado

New York City — Wegmans Food Markets will open a 74,000-square-foot grocery store at the Brooklyn Navy Yard mixed-use development. The chain has garnered a cult following in the Northeast since it expanded from its original Rochester location in 1968 and now operates 100 stores, including 46 in New York. Eater New York reports that the new store will feature 350 varieties of cheese, a full-service bar and made-to-order meals at several hot and cold bars. The store is slated to open Sunday, Oct. 27.

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DevelopmentInvestment salesNewsRetailersWisconsin

Cypress Equities Acquires 1.2 Million-Square-Foot Bayshore Town Center Near Milwaukee, Plans Repositioning

by Alex Tostado

Glendale, Wis. — Cypress Equities has acquired the 1.2 million-square-foot Bayshore Town Center in Glendale near Milwaukee. The purchase price was not disclosed. Cypress plans to reposition the property into an entertainment, shopping, dining and mixed-use project. Once complete, the re-envisioned center will include new architecture, landscaping and art by local creatives. Plans call for more retailers, restaurants, a select-service hotel, 300 new residential units, Class A office space and coworking space. The park area will be upgraded and include programmed, year-round entertainment. The project will be completed in phases …

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DevelopmentMissouriNewsRetailers

Confluent Development Completes Redevelopment Project in Historic St. Louis

by Alex Tostado

St. Louis — Confluent Development has completed its redevelopment of the historic Southwest Bank property in St. Louis’ Southwest Garden neighborhood. The project features retailers BMO Harris Bank, which remained operational throughout the redevelopment process, and Walgreens, which recently celebrated its grand opening. Confluent Development, a Denver-based real estate investment and development firm, served as the project’s developer and owner. The infill project represents the first development of its kind in St. Louis by preserving the historical façade along the Kingshighway Boulevard portion of the project while redeveloping the remainder of …

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DevelopmentInvestment salesNewsNorth CarolinaRetailers

Konover South Acquires Land Near Charlotte Premium Outlets, Plans 32,000-Square-Foot Retail Center

by Alex Tostado

Charlotte, N.C. — Konover South LLC has acquired a six-acre parcel for $4.8 million with plans to develop a 32,000-square-foot retail center. Located near Charlotte Premium Outlets, Freeman Retail Crossing will include a national steak restaurant, banking, mobile services and healthcare tenants. Konover South plans to break ground in early 2020 and expects to deliver Freeman Retail Crossing in the second quarter of 2021. The land is located on Steele Creek Road near I-485 in southwestern Charlotte.

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DevelopmentNewsPennsylvaniaRetailers

Cedar Realty Trust Underway on 18,000-Square-Foot Retail Redevelopment Project Philadelphia

by Alex Tostado

Philadelphia — Cedar Realty Trust is underway on construction of Fishtown Crossing, a retail redevelopment project in the Olde Richmond neighborhood of Philadelphia. The project will convert a shopping center formerly known as Port Richmond Village into an 18,000-square-foot neighborhood center. The property currently houses more than 20 tenants, including grocer IGA,  GNC and Kicks USA. Starbucks and 1950s-themed diner Nifty Fifty’s have preleased space at the new center. Construction of Fishtown Crossing is slated for completion by early 2021.

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DevelopmentNewsPennsylvaniaRestaurants

Victory Brewing Co. to Open 14,000-Square-Foot Brewery, Taproom in Philadelphia

by Alex Tostado

Philadelphia — Victory Brewing Co. will open a 14,000-square-foot brewery and taproom in the Logan Square neighborhood of Philadelphia’s Center City. The facility will feature a production brewing system, kitchen, three bars, street-level outdoor seating and a rooftop patio. Victory’s first location in Downingtown opened in 1996, and the company operates two other locations in Parkesburg and Kennett Square. The Philadelphia brewery will function as a new flagship taproom as well as an innovation hub for new beers. Local development firm Pearl Properties owns the building, and Gerner Kronick + Valcarcel …

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DevelopmentMallsMichiganNewsRetailers

PREIT Opens Woodland Mall Expansion in Grand Rapids, Michigan

by Alex Tostado

Grand Rapids, Mich. — PREIT has opened the Woodland Mall expansion wing. In 2017, the company purchased the store formerly occupied by Sears at the mall. It was demolished in order to make way for new uses. Von Maur now occupies 90,000 square feet at the new wing and is the department store’s first in the region. Other new retailers slated to open at the property include Urban Outfitters, Sephora, White House Black Market, Tricho Salon, Paddle North, Mobile Station and REI, which opened in May. New dining options include …

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DevelopmentFloridaMixed-useNewsRetailers

Tricera Capital Breaks Ground on 265,000-Square-Foot Retail, Office Redevelopment Project in South Florida

by Alex Tostado

West Palm Beach, Fla. — Miami-based Tricera Capital has broken ground on the redevelopment of the Palm Beach Post newspaper office campus in West Palm Beach. The project, named The Press, will add 125,000 square feet of new retail space and 140,000 square feet of refurbished office space to the market. The project began with the demolition of a two-story office building and bridge. The development team, which acquired the 11-acre site in February 2019, will preserve most of the remaining structures, including those that housed the Post’s original office building and printing press. …

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ArizonaDevelopmentGrocery-anchoredNewsRetailers

Evergreen Devco Breaks Ground on 172,000-Square-Foot Shopping Center in Metro Phoenix

by Alex Tostado

Gilbert, Ariz. — Evergreen Devco has commenced construction for The Post at Cooley Station, a grocery-anchored shopping center located at the southeast corner of Recker and Williams Field roads in Gilbert. Situated on 23 acres, the retail center will feature 23,000 square feet of multi-tenant shop space in three buildings. Anchored by Fry’s Marketplace, the project will also include AutoZone, Taco Bell and Burger King. Currently, the center is 65 percent preleased, with one junior-anchor pad available. Butler Design Group, Optimus Civil Design Group, Kraemer Engineers and Laskin & Associates …

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