Development/Redevelopment

Rowland Heights, Calif. -- Shoe City has opened a 7,680-sq.-ft. store at Puente Hills Town Center, located in Rowland Heights, Calif.

The shopping center is owned by Centro Properties Group, based in New York City.

Irvine, Calif. -- KTGY Group, Architecture and Planning, said that Diane's Beachwear will be opening its newest store in Scottsdale, Ariz., at the Scottsdale Quarter in early March.

The new 1,200-sq.-ft. flagship store represents the 19-store chain's debut outside of California. KTGY is the architect for the new Diane's Beachwear store.   Skyline Development and Construction of Norco, Calif., is the general contractor.

Richardson, Texas -- Wingstop is expanding throughout the Baltimore-Washington corridor. The company, which has experienced more than seven years of same store sales increases, recently signed a development agreement to open 20 stores in the area over the next several years.

Business partners Rahim Kurji and Bidjaan Kassam have signed a 20-store development agreement and expect to open four locations in Baltimore and Washington, D.C., this year.

Borders Group has secured a $550 million financial lifeline from GE Capital that will enable it to maintain operations, but there are plenty of strings attached, which stands to reason given GE has put half a billion dollar at risk.

Canton, Mass. -- Dunkin' Donuts has signed agreements with four franchisees to develop 16 restaurants in Tampa, Orlando and Tallahassee over the next several years.

Dunkin' Donuts development throughout Florida is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country.

Ann Arbor, Mich. -- Borders Group said it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility. Upon completion, the facility, including the obtaining of $125 million of additional junior debt financing via the conversion of vendor payables and/or external sources, will provide Borders with the financial flexibility and an appropriate level of liquidity to move forward with its strategy to reposition its business model and the Borders brand.

Honolulu, Hawaii -- Colliers Monroe Friedlander, an affiliate of Colliers International, said that BlackSand Capital, LLC, a Hawaii-based real estate investment firm, acquired Pearlridge Uptown II from Inspiration International, LLC.

Wyckoff, N.J. -- Inserra Supermarkets said Wednesday that its redevelopment plans for a 7.6-acre underutilized site in the heart of Wyckoff, N.J., which has been vacant for more than 10 years, are progressing.

The Mahwah, N.J.-based supermarket chain plans to raze an uninhabitable 53,000-sq.-ft. building to develop a new 62,174-sq.-ft. ShopRite within the Township’s central business district.