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Development/Redevelopment

  • Target gets OK to open first San Francisco store

  • Focus on: Site Selection and Optimization

  • Daffy’s starts expansion push

    New York City -- Off-price retailer Daffy’s is launching an expansion push, including opening a store in Manhattan’s Times Square in the former home of the New York Times, Crain’s New York Business reported.

    The 28,000-sq.-ft. Times Square store, to be located on West 44th Street between Seventh and Eighth avenues, is slated to open fall 2011. The store will have a ground-floor entrance, but the bulk of the space will be on the basement level.

  • WP Realty acquires Mayfair Shopping Center

    Philadelphia -- Bryn Mawr, Pa.-based WP Realty said it has acquired Mayfair Shopping Center, located in Philadelphia.

    Mayfair is a single-story, 115,411-sq.-ft. community shopping center comprised of four buildings, including one bank pad (Wachovia). The center is anchored by national and regional retailers including Shop ‘n Bag, Dollar Tree and Fashion Bug.

    Mayfair Shopping Center is currently 86% occupied with 16,339 sq. ft. of available retail space.

  • GNC at opens at Merchants Park

    Houston -- Centro Properties Group said that General Nutrition Center has opened a 1,600-sq.-ft. store at Merchants Park, in Houston.

    Centro Properties Group, based in New York City, is the owner of Merchants Park.

  • Tuesday Morning to open at Village Crossing, Chicago

    Niles, Ill. -- Tuesday Morning has signed a lease for 20,000 sq. ft. at Village Crossing in Niles, Ill., a North Shore suburb of Chicago.

    According to Oakbrook Terrace-based Mid-America Asset Management, the exclusive leasing representative for the center, Tuesday Morning plans to open in January 2011 as a new anchor, joining Dick’s Sporting Goods, Jewel/Osco and Pier 1 Imports.

  • Popeye’s to open two Greater Philadelphia stores

    Philadelphia -- Center City Philadelphia-based Michael Salove Co., an X Team partner, announced the completion of two lease transactions with Popeye’s Louisiana Kitchen in the Greater Philadelphia area.

    Popeye’s has signed a lease to open a 2,069-sq.-ft. freestanding unit in Wilmington, Del., and 2,152-sq.-ft. endcap at Darby Town Center in Darby, Pa.

    Both are slated to open in March 2011. Once open, these units will be the 15th and 16th for the New Jersey-based franchisee.

  • Waldin Jewelers opens at Francis Scott Key Mall

    Frederick, Md. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Waldin Jewelers has opened at Francis Scott Key Mall, in Frederick, Md.

    The 1,103-sq.-ft. retailer is located in the Center Court of the mall.

    Francis Scott Key Mall is owned and managed by PREIT.

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