Development/Redevelopment

White Plains, N.Y. -- SRS Real Estate Partners announced Tuesday that Dick’s Sporting Goods has leased 58,750 sq. ft. at “The Source” in White Plains, N.Y.

The Dick’s Sporting Goods lease represents the first step of the redevelopment of the former Fortunoff store, directly adjacent to The Westchester Mall. “The Source” is also occupied by Whole Foods Market, The Cheesecake Factory, Morton’s, Destination Maternity and a planned Raymour & Flanigan.

The new store opened in April.

Westport, Conn. -- SRS Real Estate Partners announced that Gap has leased 17,448 sq. ft. at 125 Main Street in Westport, Conn.

The transaction represents a consolidation of all of Gap brands (Gap, Gap Kids, Gap Baby) into one location and a new long-term commitment to downtown Westport, according to SRS.

The landmark redevelopment of 125 Main Street is well underway with Gap, a planned expansion and long-term lease renewal with Brooks Brothers Women and additional retail and boutique office space.

San Francisco -- Gap will enter the Italian outlet center market, opening a namesale store at the Vicolungo Outlet Center near Milan, on June 2.

Pittsburgh -- Dick’s Sporting Goods announced Tuesday that it will celebrate the grand opening of its tenth Alabama store, which opened at Jubilee Square in Daphne, Ala.

The chain’s celebration, spanning June 3-5, will feature appearances by college and professional football players and a professional bass angler, as well as a variety of giveaways.
 

Toronto, Ontario  — Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada. 

The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto. Construction is slated to start in spring 2012. 

Walmart CFO Charles Holley participated in the Citi Global Consumer Conference this past Tuesday, and he had the challenge of appearing just one week after Walmart released first-quarter results. Given the timing, it would have been reasonable to expect that he wouldn’t have a lot of new information to share, and while he certainly covered a lot of familiar ground, there was one area that stood out.

Gurnee, Ill. — Indianapolis-based Simon Property Group announced that Macy’s will open at Gurnee Mills, the largest outlet and value retail shopping destination in Illinois.

The nearly 140,000-sq.-ft. Macy’s full-line department store is slated to open in spring 2013. It will anchor a new full-price wing at the center, adding a new dimension to Gurnee Mills’ value shopping experience. 

Minneapolis — Mill Valley Kitchen, a new restaurant concept from former Excel Bank CEO, Craig Bentdahl, is opening on Tuesday, June 7, in the Ellipse on Excelsior development in St. Louis Park, Minneapolis. 

The design of the 5,000-sq.-ft., farm-to-table restaurant was handled by Minneapolis based design firm, Shea Inc.