REAL ESTATE

Chicago - Regency Centers Corporation is starting construction on a new 40,000-sq.-ft.Whole Foods Market. The new store, located 25 miles from downtown Chicago in Schererville, Ind., is projected to open in the fall of 2015, joining existing tenants Homegoods, Gordmans, Ross Dress for Less, DSW Designer Shoe Warehouse and many others.

Canton, Mass. - Dunkin' Donuts has signed a multi-unit store development agreement with new franchisees, Brian and Sharon Weidendorf, to develop seven restaurants in Duluth, Minnesota, and the surrounding areas. The first restaurant is planned to open in spring 2015.

Los Angeles -- Guitar Center will open a flagship in Manhattan’s Times Square on Aug. 7.

The store is located in the original New York Times building. Designed by Eight Inc., the space will offer a high-energy, hands-on environment in which customers are encouraged to interact with the wide selection of instruments and staff.  

Brooklyn, N.Y. - Forest City Ratner Companies (FCRC), owner and developer of Westchester’s Ridge Hill, will host DreamPlace, an interactive Santa adventure. DreamWorks Animation has chosen Westchester’s Ridge Hill as one of just seven locations around the country, and the only one in the Northeast during the 2014 holiday season.

Bentonville, Ark. -- Sam’s Club has purchased an approximately 13-acre parcel to build its new store at Village at the Peaks in Longmont, Colorado. Sam’s Club plans to build a new 136,000-sq.-ft. store to anchor the northernmost location in the project.

The 480,000-sq.-ft. Village at the Peaks is being developed by NewMark Merrill Mountain States and is scheduled to open in late 2015. Other key anchors Whole Foods, Gold’s Gym and a state-of-the-art Regal Cinema.

Minneapolis -- Target Corp. has pulled back the curtain on its new small-format store, TargetExpress, in the “Dinkeytown” section of Minneapolis. The 20,000-sq.-ft. store is just steps away from the University of Minnesota. (See the video tour). 

Target plans to open four TargetExpress stores in 2015, with three locations in the San Francisco Bay Area, and one in the Highland Park area of St. Paul.

DreamWorks Animation makes its official foray into the retail space with the launch of DreamPlace, a state-of-the-art reimagining of the holiday retail experience slated to be unveiled at select GGP and Forest malls this holiday season.

DreamPlace is a 2,000-sq.-ft. holiday cottage and combines the latest technology with magical storytelling from creative minds behind such hit franchises as Shrek, Madagascar and How to Train Your Dragon. DreamPlace reimagines one of the signature moments of childhood – meeting Santa Claus.

Davenport, Iowa -- Von Maur Department Stores will open its 30th store, at Quail Springs Mall in northern Oklahoma City, on Oct. 18. The split-level, 150,000-sq.-ft. store will be the company's first location in Oklahoma.

Located at the mall's former Sears location, the store will undergo a complete remodel in order to feature Von Maur's signature exterior brick facade, which includes arching entryways accented by copper cupolas.