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Development/Redevelopment

  • Four new tenants join Rialto mixed-use property

    Orlando, Fla. -- The Wilder Cos. and CNL Commercial Real Estate said Friday that three new retailers and a new eatery will open at Rialto, located in Orlando, Fla.

    Wilder, the developer and owner of RIALTO, said iStudio Salon, The Spectacle Shop, You Nails and Jimmy John's Gourmet Sandwiches will open this spring through early summer.

    Rialto is a 350,000-sq.-ft. mixed-use project that is slated to include more than 75,000 sq. ft. of retail and restaurants, 50,000 sq. ft. of Class A office space and 200 luxury residential units.

  • KareFoot Spa & Bodywork opens at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that KareFoot Spa & Bodywork has opened at the company’s Plymouth Meeting Mall, located in Plymouth Meeting, Pa.

    The 2,827-sq.-ft. location is the retailer’s fifth in Greater Philadelphia.

  • Barneys CEO unveils renovation plans

    New York City -- Barneys New York CEO Mark Lee said Monday that he has plans to launch a renovation program for existing stores as well as an overhaul to the retailer’s website.

    According to a report by the Wall Street Journal, Lee said at a Monday morning breakfast that changes will be substantial, as the retailer has the largest renovation budget for existing stores that Barneys has seen in at least seven years.

  • Regency Centers breaks ground on $10 million retail renovation

    Jacksonville, Fla. -- Shopping center owner and developer Regency Centers said Monday that it has broken ground on a $10 million renovation of its Heritage Plaza, a 226,998-sq.-ft. retail center in Irvine, Calif.

    The renovation of the Ralph’s-anchored center is scheduled for completion in November 2011.

  • Fameco to lease retail component of St. Joe’s medical center

    Plymouth Meeting, Pa. -- Fameco Real Estate, LP said it has been appointed by St. Joseph’s Regional Medical Center, in Paterson, N.J., as exclusive leasing agent for the new retail component to be constructed at the St. Joseph’s Regional Medical Center and Children’s Hospital campus.

  • Lower prices for all trump higher wages and profits for the few

    Slowly but surely the headwinds Walmart has faced for years in its domestic expansion efforts have begun to diminish to the point where major victories are now being scored. Two examples stood out this week on opposite sides of the country. The highest profile of these is the situation in New York where it may not seem like Walmart won a victory this week, but it did. Walmart’s entry into the city has been the subject of considerable and heated debate for at least five years, but the situation has come to head in recent months.

  • Safeway ups expansion

    New York City -- Safeway will combat an aggressive crop of new rivals with an expansion that includes nine stores in the West, of which six will be in the San Francisco Bay area, according to the Oakland Tribune.

    The chain plans to open stores in Pleasanton, Castro Valley, El Cerrito, Campbell, Los Gatos and Burlingame. It also is working to obtain city approvals for stores in Pleasant Hill, Emeryville and Berkeley, the report said, and is eyeing a new store in the Oakland hills.

  • San Diego repeals limits on Walmart Supercenters

    New York City -- The City Council of San Diego repealed strict limits on new retail supercenters Tuesday amid concerns over the cost of a ballot measure forced by a Walmart-led petition drive, the Associated Press reported.

    The 7-1 vote came less than two months after the council required retailers such as Walmart to study how so-called "big-box" stores would affect the economy and traffic. Opponents of the measure said it amounted to a ban.

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