Development

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ArkansasDevelopmentMissouriNewsRestaurants

Smalls Sliders Signs Four-Unit Franchise Agreement in Arkansas, Missouri

by Abby Cox

Arkansas and Missouri — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop four new units — dubbed Cans — in Northwest Arkansas and Missouri. Brothers Joe and Tim Rheem, along with business partner Johnny Hughes, will own and operate the restaurants. Potential locations include Rogers, Bentonville, Springdale, Fayetteville and Fort Smith, Arkansas, as well as Joplin and Branson, Missouri. Founded in 2019, Smalls Sliders currently has 375 Cans open or under development and is active across 30 states. 

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DevelopmentFloridaGrocery-anchoredNews

Ardent Receives Civic Approval for Costco-Anchored Redevelopment of Metro Orlando Mall

by Abby Cox

Sanford, Fla. — The Ardent Cos. has received approval from the City of Sanford for the redevelopment of Seminole Towne Center, a former shopping mall spanning 1.1 million square feet in metro Orlando. The redevelopment includes construction of a new 164,585-square-foot Costco store on the 76-acre site. Taking the place of the former Macy’s department store, the Costco location will include a gas station, tire center and liquor store. Ardent plans to begin site work and demolition this summer, with the Costco store opening anticipated for second-quarter 2027. Over the …

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DevelopmentMassachusettsMixed-useNews

Neiman Marcus Closes at Copley Place in Boston, Simon Plans Redevelopment

by Abby Cox

Boston — Simon Property Group is planning to redevelop the former multilevel Neiman Marcus store at Copley Place, a 1.2 million-square-foot mixed-use development in the Back Bay neighborhood of Boston. While an exact closing date for the retailer hasn’t been announced, Simon will begin exterior remodeling this year and will have phased openings in the space through 2028. Simon expects to add multiple dining concepts and luxury stores on site, including Miami-based Casa Tua Cucina and Greek seafood restaurant Estiatorio Milos, as well as a first-to-market Dolce & Gabbana store and …

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Company newsDevelopmentNewsRestaurants

Mountain Mike’s Pizza Opens 24 New Restaurants in 2025, Targets 25 More in 2026

by Abby Cox

Irvine, Calif. — Irvine, California-based Mountain Mike’s closed out 2025 with record unit growth, marking the most new restaurant openings in the brand’s history. Along with the debut of its 300th location in Las Vegas, Mountain Mike’s opened 24 new restaurants across six new markets and signed franchise agreements to add 19 new restaurants to the development pipeline. By year’s end, Mountain Mike’s was operating in more than 30 markets coast-to-coast, with roughly 100 locations under development in 16 states. Looking ahead, the brand is targeting 25 new restaurant openings in …

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DevelopmentNewsRestaurants

Eggs Up Grill Signs Five-Unit Franchise Agreement in Texas

by Abby Cox

Houston — Fast-casual American-style restaurant Eggs Up Grill has signed a franchise agreement to open five new restaurants across Texas. Texas franchise partners Louis and Lisa Jones will own and operate the restaurants. In addition to the Houston area, Eggs Up Grill continues to pursue expansion opportunities across Texas, including Dallas-Fort Worth, Central Texas, San Antonio and other markets throughout the state. Founded in 1997, Eggs Up Grill operates more than 100 locations nationwide with more than 90 additional units in development or committed to open.

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The Shops at Northfield
ColoradoDevelopmentNews

Stockdale Capital Partners Completes Recapitalization of 1.1 Million-Square-Foot Lifestyle Center in Denver

by Abby Cox

Denver — Stockdale Capital Partners, in collaboration with Unified Global Alternatives, has completed the recapitalization of The Shops at Northfield, a 1.1 million-square-foot lifestyle center located in Denver. Since acquiring the property in 2021, Stockton has secured entitlements for up to 1,500 apartment units; relet former anchor boxes to Wayfair and Life Time; and has signed roughly 350,000 square feet of additional leases with retailers such as lululemon, Nike, Sephora, Lucky Strike and a grocer. Current tenants at The Shops at Northfield, which spans 87 acres of retail, restaurant and …

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DevelopmentInvestment salesNewsTexas

Asana Partners Acquires The Arboretum in Texas, Plans Renovation

by Abby Cox

Austin, Texas — Asana Partners has acquired The Arboretum, a nearly 200,000-square-foot neighborhood center located in the Great Hills neighborhood of Austin. Asana plans to renovate the property, introduce activations for community engagement and create a merchandising mix that caters to nearby residents. In addition to refreshing the property, Asana will reconfigure the commons areas to support live music, pop-up retail and community programming; establish new patios for outdoor dining; improve connectivity throughout the property; and replace storefront signage. Site work at The Arboretum will begin this summer, with completion scheduled …

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Green_Hills
DevelopmentFloridaIllinoisNewsTennessee

Simon to Invest $250 Million for Redevelopment of Three Malls in Nashville, Denver and Tampa

by Abby Cox

Indianapolis — Indianapolis-based mall owner Simon Property Group has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according …

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Company newsDevelopmentNewsRetailersWashington

Starbucks to Open 400 Net New U.S. Stores as Part of Transformation Plan 

by Abby Cox

Seattle — At its recent 2026 Investor Day, Starbucks Coffee Co. highlighted progress in its “Back to Starbucks” transformation plan. By fiscal 2028, the company expects to open 2,000 net new stores across its portfolio, including approximately 400 net new U.S. company-operated stores. Brady Brewer, chief executive officer for Starbucks International, shared the company’s plan to accelerate global growth in a program referred to as coffeehouse “uplifts.” With this plan, Starbucks expects to add more than 25,000 café seats across the U.S. by the end of fiscal 2026. Starbucks also announced …

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CaliforniaDevelopmentMixed-useNews

Shopoff Realty Investments Acquires Remaining Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

by Abby Cox

Westminster, Calif. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, …

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