Development/Redevelopment

Outdoor retailer Cabela’s has announced plans to open one of its signature stores in Rogers, Ark., next summer, continuing an influx of retail development that has steadily elevated the region’s shopping options.

A decade ago, the biggest decision facing shoppers who lived in Benton County was which Walmart to shop at. Either that or drive to Fayetteville where an aging mall featured Dillard’s and JCPenney as anchor tenants. Other folks made the two-hour trek to Tulsa, Okla., which boasted more choices, but hardly qualified as a shopping Mecca.

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.

Kohl’s said it is on track to open an additional 31 stores this year, as well as remodel another 15 stores next month. The company opened nine and remodeled 85 stores in the first half of the year.

Dallas -- SRS Real Estate Partners announced Thursday it has hired Lenny Eterno as a senior associate in the South Florida office.

Eterno will be focusing on the Miami Beach and downtown Miami trade areas.

Prior to joining SRS, Eterno worked for SRS’ affiliate, Cypress AutoGroup, LLC, where he completed transactions throughout the southeast.
 

San Francisco -- Gap will open two Athleta store this week in Manhattan’s Upper East and Upper West side neighborhoods. The openings mark the women’s active wear brand’s entry into the East Coast market, and support Athleta’s plan to open up to 50 stores by 2013.

“Entering New York is a significant milestone for us as we aim to grow our share of the $31 billion women’s active wear market,” said Scott Key, senior vice president and general manager of Athleta.

Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.

The outlet mall industry has undergone a major transition during the past decade and has never been better positioned for future success. This is a significant change from 10 years ago when a stale product mix targeted to a transient shopper base had raised serious questions about the viability of the outlet mall.

New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

Architectural firm GreenbergFarrow is designing 11 Broadway, a 161,570-sq.-ft., mixed-use property now under construction at Kent Avenue and Broadway in Brooklyn's Williamsburg section.

11 Broadway is a mixed-income building that includes both residential and commercial spaces. It was developed by L+M Development Partners, Inc. and continues the company’s work in providing high-quality affordable housing to emerging communities in New York City.