Strategy

Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

"Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

Ashburn, Va. -- Miller and Smith, along with JV partner North America Sekisui House, said Tuesday that The Fresh Market will open a new store at One Loudoun, in Loudoun County, Va.

The 23,000-sq.-ft. specialty grocer will break ground in January 2013 and is slated to open fall 2013.  

Covington, La. -- Stirling Properties said Tuesday it plans to develop a full-service Walgreens drug store in Terrytown, La., on the Westbank of New Orleans.

The proposed Walgreens, which will be a relocation of an existing nearby store, will be located on the site of a former A&P Grocery/Eckerd Drug-anchored shopping center.  

South Plainfield, N.J. -- National Retail & Development Corp. announced Tuesday that Dick’s Sporting Goods will anchor Hadley Center in South Plainfield, N.J., joining current anchors Target, Kohl’s, Regal Cinemas and Marshalls.
 
Dick’s will occupy 50,175 sq. ft. and plans to open in late summer 2013, which brings Hadley Center to 100% leased.

The 542,000-sq.-ft. Hadley Center is located in a 1.4 million-sq.-ft. mixed-use development, home to more than 120 companies.

Denver -- The Zall Co. said Wednesday that Marco’s Pizza will open a new restaurant in Denver, marking the ninth Colorado location for the chain.

The latest unit will join Which Wich, Noodles & Co. and T-Mobile at a retail project located between Gaylord and York Street on E. Colfax.

Mason, Ohio -- Pearle Vision announced its 2013 U.S. expansion plans, which includes the re-licensing of 34 locations in 10 states.

With more than 520 eye care centers in the United States, Pearle Vision is now seeking to grow its national footprint and has identified Florida, Ohio, and Michigan as the first markets for its aggressive re-licensing effort. Specifically in Florida, Pearle Vision is looking to convert locations in Miami, West Palm Beach, Naples, Jacksonville, and Orlando.

New York -- Jerry McDougal, retail VP for Apple Inc., will be leaving the company, according to a Wednesday report by Bloomberg.

He will be replaced by Jim Bean, a VP in Apple’s finance division.

Company spokesman Steve Dowling told Bloomberg that Bean will be an apt replacement for McDougal, who served under former CEO Ron Johnson for many years.

Grand Rapids, Mich. -- Meijer said Tuesday it has named J.K. Symancyk president of the company, effective Feb. 3. Symancyk was named COO of Meijer last year.

“I am pleased to introduce J. K. as our next company president," said Hank Meijer, co-chairman and CEO. "J. K. has been a key member of our leadership team, including most recently as our COO, and he has played an important role in the growth and success of Meijer since joining us in 2006."

Armonk, N.Y. -- IBM announced Wednesday that jewelry chain Signet Jewelers has teamed with IBM on a major e-commerce strategy and digital marketing redesign for Signet's national U.S. store chains, Kay Jewelers and Jared the Galleria of Jewelry.

The initiative has resulted in consistent sales growth, including a year-over-year increase of 49% in online sales as reported in the company's recently announced holiday sales for fiscal 2013.

Target is relying on two new services providers to operate its mobile business following an end to its short-lived relationship with RadioShack.