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Development/Redevelopment

  • Macy’s selling Chicago flagship — but not all of it

    Macy’s has put part of its iconic State Street store in Chicago’s Loop district on the selling block.   The top half of the building, floors eight through 14, is on the market, the Chicago Tribune reported. Altogether, the space for sale takes in some 650,000 sq. ft., the report said Macy's plans to continue owning the lower floors, which include retail space.  

  • Target ramping up presence, and testing new service, in Manhattan

    Target Corp. is beefing up its presence in the Big Apple — and also testing a service to give city dwellers a break from lugging their purchases home.      The discounter announced plans to a smaller-format store on the city’s Lower East Side in March 2018. The 22,500-sq.-ft. store — one-fifth the size of a regular Target — will be on the second level of the Essex Crossing development, with more than 500 rental units above it. The mixed-use building will also include a Trader Joe’s.  

  • Inland’s Goodwin gets lifetime service award

    Daniel Goodwin, chairman and CEO of Inland Real Estate Group, was presented with the first Lifetime Achievement Award ever bestowed by Illinois Realtors, a century-old trade association with 44,000 members.   “Dan Goodwin is an example of that rare person who excels not only as a businessman, but also as a compassionate leader who is interested in helping others realize the dream of property ownership,” said Doug Carpenter, president of Illinois Realtors.  

  • Online made-to-measure menswear brand focusing on brick-and-mortar expansion

    Indochino is growing its fledgling store footprint and has the U.S. market in its sights.   The Vancouver, Canada-based online retailer has opened its 13th store, at Metropolis in Metrotown in Burnaby, a suburb of Vancouver. The approximate 2,000-sq.-ft. store follows the recent openings of additional locations at West Edmonton Mall, Edmonton, and Chinook Centre, Calgary.   

  • Trendy online sneaker brand eyes physical stores

    Following in the footsteps of Warby Parker, Bonobos and the like, another online startup is ready to plant some brick-and-mortar roots.   Brooklyn, New York-based sneaker brand Greats plans to open at least 10 locations over the next two years, according to The New York Business Journal.  

  • Report: Plenty of good options for filling vacated department store spaces

    As department stores trim their portfolios, the nation’s malls are being transformed.   

  • Free People to cap off re-made Princeton center

    Madison Marquette’s transformation of the MarketFair center in West Windsor, New Jersey, will be complete with next week’s opening of the first Free People store in the Princeton area.   Free People has become a sought-after retail brand known for bringing new creative flair to women’s apparel retailing.  

  • New women’s fashion brand looks to expand

    A brand new women’s contemporary apparel and accessories brand with a French aesthetic is moving fast out of the starting gate.   

  • Regional supermarket chain sees more growth ahead

    After growing its store base through an acquisition last year, Weis Markets is investing $90 million in its growth in 2017.    The budget includes new stores and remodels of existing locations. It also calls for supply chain improvements and continued information technology upgrades.    

  • San Diego center gets six new tenants

    A San Diego strip center that underwent a repositioning and renovation over the past two years is welcoming six new tenants.   The Presidio, which sits below the 18th Century Presidio fortress in the Linda Vista community has transformed its retail lineup with the signings of Rip Curl, Luv Bridal, Hopsy, Babe Kombucha, West Coast Veterinary Hospital, and Sharetea.  
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