Development/Redevelopment

Restoration Hardware Holdings has entered the Austin market with the latest generation of its design gallery store format.   The new RH Austin, The Gallery includes an entire floor dedicated to the retailer’s new RH Modern concept, with an integrated contemporary art gallery.    It also includes an interactive design atelier, a professional workspace that allows customers, designers and architects to conceptualize and customize a home.  

Petco appointed retail veteran John Zavada as senior VP and CIO.   In his new position, Zavada will lead Petco's information technology strategies, teams and projects, including the company's business process optimization and enterprise program management office.    Prior to joining Petco, Zavada served as senior VP and CIO at Restoration Hardware. He also held CIO positions at Guitar Center, Big Lots, Limited Inc., and Victoria's Secret Stores.  

Casto has been successful building shopping centers in Ohio for 70 years because it’s not afraid to shift with the times, Don M. Casto III said in yesterday’s edition of the Columbus Dispatch.   The company has increasingly joined forces with other developers on mixed-use projects and turned back to its roots of building residences and retail buildings in downtown Columbus, the paper reported.   

Petco has named William Engen senior VP of retail market expansion, a newly created role dedicated to optimizing the company’s investments in store growth.    Engen, who joins Petco from Wingstop Restaurants, where he served as COO, will be in charge of real estate, construction, and store design. He previously served in senior operations roles at 7-Eleven and Circuit City.  

Department store retailers are pulling back in the United States, but they are doing just the opposite of the border.   The department store industry is expanding in Canada, the New York Times reported, with several factors driving the growth, including less competition and a stable market.   

The nearly 3 million-sq.-ft. American Dream retail and entertainment center in the New Jersey Meadowlands has moved one step closer to completion.   On Thursday, the New Jersey Sports and Exposition Authority, which owns the site, voted for a second time to issue $1.15 billion in bonds to finance the completion of the long-delayed project after a non-profit group had threatened to file a law suit to block the sale, NorthJersey.com reported.   

Nordstrom is continuing to grow its footprint in Canada.     The retailer on Friday opened its store at CF Toronto Eaton Centre, the company's second international flagship location since opening at Pacific Centre in Vancouver, British Columbia, last fall.     

A first-of-its kind arrangement has saved Aeropostale.    A consortium made up of Authentic Brands Group (ABG) and two of the nation’s largest real estate companies — General Growth Properties and Simon Property Group — announced it has finalized the acquisition of the teen apparel retailer. It is the first time that mall operators have participated in a deal to acquire a retail chain.  

Kenneth Marshall, a 25-year veteran of the retail real estate industry, has joined Olshan Properties as head of retail. For the last two years, he was VP of development at WP Glimcher.   Marshall began his career in 1991 with Urban Retail Properties and worked there for 12 years, rising to VP of development. He did stints at Westfield, Colonial Properties Trust, and Mid-America before joining Glimcher.