Columbus, Ohio — 10 new tenants have signed leases at Easton Town Center, a retail center located within the 1,300-acre Easton mixed-use development in Columbus. CHANEL Fragrance and Beauty Boutique, David Yurman, Louis Vuitton, Hollister, Mugsy, Bluemercury, Tecovas, Rowan, BoxLunch and Mikey’s Late Night Slice are now open at the property, with gorjana, Faherty, Bar Italia and Altar’d State scheduled to open soon. Diamond Cellar will also expand its footprint at the center. Steiner + Associates manages and leases Easton Town Center.
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Restaurants Execute Expansion Plans with Measured Approaches
To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely …
Philadelphia — Apple Cinemas has signed an 82,000-square-foot lease at Riverview Plaza III, a retail center located in Philadelphia. Tower Investments owns the development, which is situated one mile from Center City. Richard Soloff of Soloff Realty & Development manages leasing for the property. Founded in 2010, Apple Cinemas currently operates multiple theaters across six states. Other locations include Greece and Hicksville, New York; San Francisco and Danville, California; and Royal Palm Beach, Florida.
Adelanto, Calif. — Poppy Market has opened a 5,057-square-foot store in Adelanto. The store is situated within Adelanto Place, a 56,000-square-foot retail center. Lewis Retail Centers, which owns and operates 34 shopping centers in California and Nevada, is the landlord.
Aventura, Fla. — Eight new tenants have signed leases at Esplanade at Aventura, a retail development located in Aventura in south Florida. Together, the new leases total 22,213 square feet. The LEGO Store, Fit2Run, Pure Barre and STK Steakhouse are now open at the property, and If So, The Salty and Hästens are scheduled to open this winter. Seritage Growth Properties is the landlord.
Lawrenceville, N.J. — Four new tenants are opening at Mercer on One, a retail development located in Lawrenceville, roughly 40 miles outside Philadelphia. Bloomingdale’s the Outlet Store, Crate & Barrel Outlet and J. Crew Factory are now open at the property, occupying 18,494; 23,446; and 6,100 square feet, respectively. Sephora is also scheduled to open a store at the development on Nov. 15. The landlord, Federal Realty Investment Trust, completed a rebranding of the 551,000-square-foot property, formerly Mercer Mall, in October 2023.
Paramus, N.J. — Four new tenants have signed leases at Bergen Town Center, a retail center located in Paramus. Bath & Body Works and Crumbl recently opened at the property, occupying 4,157 and 2,138 square feet, respectively. First Watch and Tacoria are scheduled to join the lineup in 2025, opening 4,790-square-foot and 1,654-square-foot restaurants. Taryn Brandes, Emily Green and Alexandra Yanoff of Brand Urban LLC represented the landlord, Urban Edge Properties, in the lease negotiations with Crumbl, First Watch and Tacoria. Paul Schiffer represented Urban Edge in negotiations with Bath & …
Burlington, Mass. — Simon has completed a 130,000-square-foot redevelopment at Burlington Mall, a retail property located in the Boston suburb of Burlington. The project included the addition of an outdoor park with green space and amenities; elevated wood elements and porcelain tile finishes throughout the center; and new seating and signage. Almost 50 retailers and eateries were also added during the redevelopment. The park features 30,000 square feet of space dedicated to wellness, beauty and dining for concepts including Sweetgreen, Sweathouz, All Eye Care Doctors, SkinMD and Caffe Nero. New tenants …
Detroit — Immersive entertainment concept Cosm has signed on as the anchor tenant at Development at Cadillac Square, a 1.5 million-square-foot mixed-use project scheduled to break ground in Detroit in 2025. Cosm Detroit will feature an LED dome spanning roughly 90 feet with Shared Reality technology, offering experiential sports and entertainment programming. Content will include a production of Cirque du Soleil’s “O,” as well as immersive art experiences from members of the Cosm Studios Creator Program. The venue, designed by architecture firm Rosetti, will also feature a food-and-beverage element, with gastropub-style …
Waterbury, Conn. — Grocer Price Rite has signed a 10-year, 34,000-square-foot lease at Waterbury Shopping Center, a retail center located in Waterbury. William Cafero of Charter Realty arranged the lease on behalf of the landlord, Tartaglia Commercial Properties. Price Rite will occupy a vacant space at the property that formerly housed Ollie’s Bargain Outlet. This marks Price Rite’s first new lease in more than five years.