New York City — Fast-casual pretzel brand Wetzel’s Pretzels has opened a new kiosk within Macy’s at the Queens Center Mall in New York City. Wetzel’s Pretzels occupies 480 square feet within the store, including a baking kiosk and dry storage space. The unit is owned and operated by franchisee Ricky Alam, whose portfolio includes nine Wetzel’s locations in Southern California and four in New York and New Jersey. Wetzel’s celebrated its 400-unit milestone earlier this year.
Beverly Hills, Calif. — Tinder founder Justin Mateen, his brother Tyler Mateen and their brother-in-law Pouya Abdi have acquired Wilshire Rodeo Plaza, a Class A office and retail complex located at the corner of Rodeo Drive and Wilshire Boulevard in the posh Los Angeles suburb of Beverly Hills. Nuveen sold the asset for $211 million. The 300,000-square-foot property includes three six-story office and retail buildings along Wilshire Boulevard and a three-story office building along Rodeo Drive. The buyers plan to rebrand the property as One Rodeo, as well as upgrade and …
Cordova, Tenn. — The Shopping Center Group (TSCG) has brokered the sale of Market at Cordova Shopping Center, a 98,466-square-foot retail center located in Cordova, roughly 20 miles east of Memphis. N&L Holdings acquired the property for an undisclosed price. Anchor tenant The Life Church will vacate the center, opening up space that the new owner plans to populate with an Asian supermarket, food hall and community gathering spot. Dubbed Grand Super Market, the gathering spot will occupy the 55,000-square-foot anchor space at the property. John Reed and Hurston Reed of …
The Woodlands, Texas — Howard Hughes Holdings has begun the renovation of Grogan’s Mill Village Center, a 90,000-square-foot retail property located north of Houston in The Woodlands. Renovation plans include the addition of a new public gathering hub with a library that will feature multimedia rooms and a theater-style classroom, as well as a community center and 32,000 square feet of modern retail space. Current and future tenants at the property, which was originally built in 1974, include Brother’s Pizza, Ome Calli Café, Safeway Driving, The UPS Store, Woodforest National Bank, …
Chicago — The owners of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks have unveiled plans for the transformation of the area around their shared venue, the United Center. The initiative is known as The 1901 Project, and development costs are estimated at $7 billion. Michael Reinsdorf, CEO of the Bulls and son of owner Jerry Reinsdorf, formally announced the project on Tuesday, July 23. The elder Reinsdorf, along with Blackhawks owner Danny Wirtz, co-owns the United Center, where both teams have played since 1994. The name is a reference to …
Scarborough, Maine — Developer Crossroads Holdings LLC is underway on the development of Town Center, a $300 mixed-use project located in Scarborough, roughly 10 miles southwest of Portland. Situated within The Downs — a larger, 577-acre redevelopment of a former horseracing complex — the project will include 320,000 square feet of retail space, 60,000 square feet of medical office space, 240 residential units and a boutique hotel, as well as various open green spaces. Construction began last fall. Wilder Cos. has partnered with Crossroads to manage marketing and leasing initiatives for the …
New Fairfield, Conn. — CBRE has brokered the $6.2 million sale of Heritage Plaza, a 26,403-square-foot retail center located in New Fairfield. Tenants at the property, which was fully leased at the time of sale, include First Step Pre-School and New Fairfield Animal Hospital. Karly Iacono, Dean Rosenzweig and Christopher Betting of CBRE represented the seller in the transaction. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the buyer, an entity doing business as Heritage Acquisitions LLC. The center recently underwent major renovations, including the installation of a new …
Falls Church, Va. — Chicken salad restaurant concept Chicken Salad Chick has opened a new restaurant in Falls Church, a suburb of Washington, D.C. The first of eight units planned in the Northern Virginia suburbs of D.C., this marks the brand’s first entry into the market. Franchisee Devon Chamberlin will own and operate the units, with the next restaurant to be opened in Fairfax.
New York City — State of Play Hospitality, an entertainment retail operator, has signed a lease at 31 Union Square West in New York City, with plans to open a Flight Club venue. Spanning 10,700 square feet on the ground floor and basement of the property, the facility will offer darts-focused games with food-and-beverage options. Scheduled to open in 2025, this marks the ninth North America location for the brand. Blue Water Grill restaurant previously occupied the space.
Atlanta — Immersive technology, media and entertainment company Cosm has announced plans to open an entertainment venue at Centennial Yards, a $5 billion mixed-use development currently underway in downtown Atlanta. Situated within the project’s Sports and Entertainment District, the venue will comprise 70,000 square feet across three levels. Architecture firm Gensler is designing the facility. Dubbed Shared Reality, the venue will feature Cosm’s proprietary technology, including a 12K+ LED dome spanning 87 feet in diameter. Shared Reality will offer immersive live sports viewing through Cosm’s partnerships with entities including ESPN, the …