Development/Redevelopment

PizzaRev, a build-your-own fast-casual pizza concept, began its expansion into Tennessee this week with the opening of a Memphis location. The grand opening at 6450 Poplar Avenue was celebrated with an all-day fundraiser for Le Bonheur Children’s Research Hospital.   Two additional locations are under construction in Memphis, and another is underway in Nashville. PizzaRev currently franchises and operates 47 stores and has more than 200 others under development in 17 states, Washington, D.C., and Mexico.  

Tractor Supply Company is celebrating the opening of its 1,600th store, which opened in Brentwood, Calif.   The new store will hold its grand opening on Saturday, Feb. 4th.  

There is no denying it: Ulta Salon Cosmetics & Fragrance is on a roll.   The retailer will open 100 stores this year, including its first-ever location in Manhattan.   Shares of Ulta rose 38% last year, about four times higher than the Standard & Poor’s 500 Index’s gain, Bloomberg reported, and its annual revenue has quadrupled to $3.9 billion since it went public 10 years ago.  

Design Within Reach has opened a store in Portland, Ore., in an historic building that dates back to the end of the 19th century.   The retailer opened in the city’s North Pearl District, in a circa 1890 two-story brick warehouse that originally served as a distribution center for pottery and housewares.   "We're thrilled to be a part of the vibrant, evolving Pearl District and the opportunity to support the preservation of this historic building," says DWR president John McPhee. 

Kimco’s $18 million renovation of Wilde Lake in Columbia, Maryland, has been completed and the mixed-use development is welcoming three new retail tenants.   Starbucks will open both a café and a drive-thru this year and Salons by JC plans a fall opening. Dynamic Dental Care opened in December. Wilde Lake has 230 residential units, 30,000 sq. ft. of office space, and 41,000 sq. ft. of retail.  

Nordstrom Rack is bullish on Chicago.    The retailer announced plans to open a store at Mellody Farm in Vernon Hills, Ill. The property, which is being developed by Regency Centers, is located 30 miles north of downtown Chicago.   The approximately 30,000-sq.-ft. store, scheduled to open in fall 2018, will be the 15th Rack store in Chicagoland following the announcement of new locations in Kildeer, Ill., and Schererville, Ind., which are opening this spring.   

Washington Prime Group has announced a $33 million renovation plan of Pearlridge Center in Aiea, Hawaii, near Pearl Harbor. The 1.2 million-sq.-ft. property is the largest retail center in the state, consisting of Uptown and Downtown complexes joined by a monorail.  

Warby Parker has set up shop in downtown Palo Alto in a Spanish Colonial Revival building built in 1927.      The hot eyewear retailer has a knack for combining its signature library-inspired design details, which include walnut shelving, terrazzo tiled flooring, and plush leather seating, with unique elements in each location. In Palo Alto, a mural of original illustrations by artist Maira Kalman adds color and a touch of humor.   

Gavin Walsh has joined Trademark Property Co. as a senior leasing representative focused on mixed-use properties in Texas. They include Waterside in Fort Worth, Watters Creek in Allen, and Hillside Village in Cedar Hill.   Walsh arrives at the Fort Worth-based developer from The Shopping Center Group in Raleigh, North Carolina, where he handled a portfolio exceeding three million sq. ft. He also worked as a broker for Katz & Associates in the state.  

Following its success in renovating another center in the Florida town of Jupiter, Elion Partners had embarked on a renovation of Jupiter Reserve, which will be re-christened as Pennock Square.   Plans for the 43,172-sq.-ft. center include a cosmetic makeover to a more contemporary look, new signage, and parking and landscaping upgrades.    Elion’s re-do of the nearby Fresh Market Village inspired the effort.