Development/Redevelopment

The mixed-use project MarketStreet Lynnfield continues to forge ahead, as co-developers WS Development and National Development announced on June 6 that Whole Foods Market, Kings and Legal C Bar have signed leases to join the property.

Whole Foods will open a 45,000-sq.-ft. store at MarketStreet Lynnfield, which is located on Route 128/I-95 spanning Exits 42 and 43 in Lynnfield, Mass.

Hingham, Mass. -- The Talbots reported Tuesday that first-quarter profit was $739,000, compared with a loss of $4.4 million in the year-ago period. However, net sales dropped 6% to $301.3 million, compared with $320.7 million in the same period last year, and consolidated same-store sales decreased 7.7%.

Results missed Wall Street estimates and the company has lowered its second quarter outlook.

A lot of companies are content to conduct their annual meetings in a hotel ballroom near their headquarters, but not Target. This year the retailer and its senior executives are schlepping east to Pittsburgh where the company’s annual meeting will be held on Wednesday, June 8 at 1:30 p.m. at a store located about five miles east of downtown Pittsburgh at 6231 Penn Avenue. According to the company, “This location allows us to showcase our current general merchandise store design in the latter stages of construction prior to opening.”

Santa Clara, Calif. -- Nearly half (48%) of retailers do not offer product ratings or reviews on their website, according to a survey by CrossView, a provider of cross-channel commerce solutions.

New York City -- Cushman & Wakefield announced that Stella McCartney, the fashion and accessories retailer and daughter of Paul McCartney, will open a new store at 112 Greene Street between Prince and Spring Streets, in the SoHo area of Manhattan.

The opening is planned for the fall.

Stella McCartney will occupy approximately 5,200 total sq. ft. between the ground floor and lower level in a 10-year lease.

New York City -- Wal-Mart will debut its Walmart Express format on June 8, in Gentry, Ark. The 15,000-sq-.ft.-store will sell many of the product categories that a traditional Walmart carries, from general merchandise to consumables. There is also a pharmacy. But it will have from 11,000 to 13,000 items, compared with the more than 100,000 items found in a typical supercenter.

Hong Kong -- Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said it plans to use most of the proceeds on expansion and renovation of its stores over the next 18 months.

The Milan-based company said it plans to add a net total of about 80 directly operated stores by the end of January 2012, most of them in the Asia Pacific region, where it sees "substantial potential for growth," Prada said in the a regulatory filing.

Atlanta -- LaVida Massage said Wednesday it has named Duane Goodwin and Terry Sharp as Master Developers in the state of Georgia.

Goodwin and Sharp, both former Home Depot senior executives based in Atlanta, will be charged with spearheading the regional growth and the development of several centers in Atlanta and throughout Georgia.