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Jollibee
CaliforniaCompany newsDevelopmentLeasingNewsRestaurants

Jollibee Launches Franchising Program in the U.S.

by Abby Cox

West Covina, Calif. — Philippines-based fast food chain Jollibee has launched its first franchising program in the U.S. The quick-service restaurant chain is the flagship brand of Jollibee Foods Corp. (JFC), also known as the Jollibee Group. Jollibee opened its first North American location in 1998 in Daly City, California, and now currently operates 76 stores across 14 states in the U.S., with 28 additional stores in Canada. The current expansion goal is projected for 350 stores in the coming years, with franchise-owned stores making up the majority of its footprint. …

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Architecture and DesignDevelopmentFloridaInvestment salesMixed-useNews

Ardent Acquires 1.1-Million-Square-Foot Seminole Towne Center Mall in Florida, Plans Redevelopment

by Abby Cox

Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1-million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The original …

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ALDI_Northlake_Square_Tucker_Georgia
DevelopmentFeaturesMallsRestaurantsRetailers

JLL: U.S. Retail Sector Remains Optimistic as Market Conditions Shift

by Abby Cox

Chicago — Retail closures are at a cyclical high, totaling a whopping 9,900 business shutdowns in 2024, according to JLL’s fourth-quarter 2024 retail report entitled “United States Retail Market Dynamics.” For the first time in several years, store closures outpaced store openings in a calendar year. Fabric and crafts retailer JOANN, who filed for Chapter 11 bankruptcy protection twice within a year, is shuttering all 800 stores, while major department store chain Macy’s will close 150 stores over the next three years, with 66 closures anticipated in 2025 alone. The highest number …

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Meow Wolf
Architecture and DesignCompany newsDevelopmentEntertainmentNew YorkNews

Meow Wolf to Open 75,000-Square-Foot Entertainment Venue in Lower Manhattan

by Abby Cox

New York City — Immersive arts and entertainment company Meow Wolf will open a 75,000-square-foot entertainment venue in Lower Manhattan. The space will span multiple stories within Pier 17, an entertainment destination in the Seaport District. Construction is scheduled to begin in the third quarter of 2025, with an expected completion date to be announced later. Founded in 2008 in Santa Fe, New Mexico, Meow Wolf has expanded to Las Vegas, Denver, Dallas and Houston, with additional locations in Los Angeles and now, New York City. Mary Ann Tighe, Gerry Miovski, …

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CaliforniaCompany newsDevelopmentNews

Ross Stores Opens 19 Locations

by Abby Cox

Dublin, Calif. — Ross Stores Inc. has opened 16 Ross Dress for Less stores and three dd’s DISCOUNTS stores across 14 different states this month. The newest store locations are part of the company’s plans to open a total of approximately 90 new stores in 2025, which will comprise 80 Ross’ and 10 dd’s DISCOUNTS. Ross has expanded its presence in the newer markets of Connecticut, Minnesota, New Jersey and New York, while dd’s DISCOUNTS has focused on the existing markets of California, Georgia and Texas. Ross Dress for Less …

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Medina Station
CaliforniaDevelopmentLeasingMixed-useNews

SimonCRE Acquires 64 Acres for Mixed-Use Project in Mesa, Arizona

by Abby Cox

Mesa, Ariz. — SimonCRE has acquired 64 acres of land for a new mixed-use development, dubbed Medina Station, in Mesa, roughly 20 miles outside Phoenix. Plans for the roughly 305,335-square-foot project include a multi-tenant retail center, retail outparcels, a restaurant district and a multifamily residential complex. Tenants at Medina Station will include Boot Barn, Einstein Bros. Bagels, Zara Nails, Café Zupas, GoodVets, U.S. Bank and Hawaiian Bros Island Grill. A Target store and a two-story, 80,000-square-foot Dick’s Sporting Goods will anchor the development. SimonCRE plans to break ground on the …

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Mercy Center
ArizonaDevelopmentLeasingNews

Diversified Partners Opens 11-Acre Mixed-Used Development in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — Scottsdale, Arizona-based Diversified Partners has opened Mercy Center, an 11-acre mixed-used development in Gilbert, approximately 22 miles southeast of Phoenix. A mix of retail and office tenants — Galleria Nails; Prizm Dental; Honoré Skin Clinic; Beem Light Sauna; Brickhouse Dental; and Willow Midwife — have already opened. Kolache Café and The Cabinet Design Studio are under construction and will soon join the tenant roster. Additionally, Arizona’s largest Starbucks Coffee is open at Mercy Center, which features a two-story design, a 23-car drive-thru, designated mobile order parking, an …

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DevelopmentLeasingNewsOhioRestaurants

New Retailers, Office Tenants to Open at Crocker Park Mixed-Use Development in Westlake, Ohio

by Abby Cox

Westlake, Ohio — Stark Enterprises has leased space to 11 tenants at Crocker Park, the locally-based developer’s mixed-use property in Westlake. A mix of retail and restaurant concepts — Color Me Mine; Garage; Océanne; State & Liberty; Ten Seconds Yunnan Rice Noodle; Tradehome Shoes; and Vera Bradley — have already opened or will be opening in March. Existing retail and office tenants including Arhaus, Palmer Holland and Lucky Shoes have expanded their locations or moved into larger spaces within the development. CPL Architecture, Engineering & Planning has also leased office …

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Company newsDelawareDevelopmentGrocery-anchoredLeasingMixed-useNews

Blenheim Group Breaks Ground on 64,000-Square-Foot Weis Markets at Bayberry Town Center in Middletown, Delaware

by Abby Cox

Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …

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Company newsDevelopmentFloridaNews

World Market to Open 18,369-Square-Foot Store in Sarasota, Florida

by Abby Cox

Sarasota, Fla. — World Market will open an 18,369-square-foot store in Sarasota. Located in the Sarasota Pavilion Shopping Center, the new store will mark World Market’s 14th location in the state of Florida. The specialty retailer is known for its assortment of furniture, home décor, imported rugs and curtains, as well as its selection of candy, beverages and international food products. The grand opening will be held on Friday, February 28.

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