Development/Redevelopment

Katy, Texas -- Houston-area sports retailer Academy Sports + Outdoors announced Tuesday that it will enter the Atlanta market with a new store opening on April 1.

The 70,000-sq.-ft. store is located in McDonough, and is the chain’s fourth store in Georgia.

Kohl’s will open its third distribution center devoted to e-commerce by July as it looks to build on the 50% growth rate experienced last year and surpass annual online sales of $1 billion in 2011.

Burlington, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said Monday it will expand Liberty Square Center in Burlington, N.J. The construction will take place over the next 12 months and is scheduled to be completed in spring 2012.

Shoppers in Charlotte, Columbus, Portland, Fresno, Norfolk and New Orleans are gaining access to a new alternative for food and consumables, as Target’s PFresh prototype arrives in those markets through a combination of recent remodeling activity and upcoming store openings.

A 400,000-sq.-ft., Wal-Mart Supercenter- and Lowe’s-anchored, regional shopping center opened on March 15 in Hamburg, Pa.

Tilden Ridge Shopping Center, owned by West Conshohocken, Pa.-based Ironwood Property Group and leased by Metro Commercial Real Estate, was almost six years in the making, and features a site that shares a traffic signal with a 250,000-sq.-ft. Cabela’s store.

Bensalem, Pa. -- Charming Shoppes said it would close 240 unprofitable stores in 2011, or nearly 12% of its total outlets, and that more than half of those would be Fashion Bug stores.
 
The locations were not disclosed.

The company said all 30 of its Catherines Plus Sizes stores in outlet locations would be shuttered over a two-year period.
 

Beachwood, Ohio -- Developers Diversified Realty Corp. announced Friday it has furthered its commitment to risk management with the formalization of its Enterprise Risk Management Program.

The new program, according to Developers Diversified, is an integration of strategy, process, people and technology that promotes the identification, prioritization, ownership and management of the company's critical risks.

Neptune Beach, Fla. -- Jacksonville, Fla.-based Regency Centers said it has started construction on an additional 9,100-sq.-ft. building at Seminole Shoppes, located in Neptune Beach, Fla., for six new side shops.

Leases have already been signed with Hurricane Grill & Wings for 2,940 sq. ft. and TCBY for 1,400 sq. ft. in the new building, slated for completion in late spring.