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Development/Redevelopment

  • Five Below’s store count to reach big number

    Five Below continues its rapid expansion.   The extreme-value retailer will open its 500th store in Trexlertown, Pennsylvania, on Sept. 9.  

  • What’s happening in Vegas is staying downtown

    Detroit is not the only town that spent the past few decades building outward before looking inward. In June, the Las Vegas City Council approved a master plan for its Downtown district, focusing on both historic attractions and new development to drive more traffic there.

    To make it happen, it hired RTKL, an architecture and urban design firm whose completed projects include Mirdif City Centre in Dubai and L.A. Live. Its plan calls for the establishment of a tech business center, expansion of its health care services and at least 5,000 new residents.

  • In the cool, cool, cool of the city

    More and more these days, shopping center developers find themselves in the role of town planner. Once dedicated to creating pleasant spaces for people to shop in, they now are challenged to create places for people to live, play, eat and be entertained in. Build that, they’re told, and shoppers will come. But droves of millennials fleeing suburbs in search of more fulfilling urban lifestyles are giving developers an assist. In some cases, they’re hewing their own downtowns out of rough old sections of town. In others, old downtowns are remaking themselves to welcome this new city stock.

  • ON THE LEVEL

    My face and name may be unfamiliar to you, but hopefully that will soon change. I have covered retail for decades, never retail real estate. But, I am happy to have landed in this spot. For, just as retailers need new traffic to thrive and grow, so do writers need new material, and this beat is rife with material.

    Here’s what excites me about this space. It’s something I trust also excites — and perhaps scares — you retailers and developers out there. You are America’s new town planners.

  • Project Profiles

    Los Gatos Village Square

    Location: 15466 Los Gatos Boulevard, between California Highways 85 and 17 in Los Gatos, California

    Size: 46,235 sq. ft.

    Developer: Donahue Schriber Realty Group

    Grocery anchor: Trader Joe’s

    Key tenants: Pet Food Express, See’s Candies, The UPS Store, AAA Automobile Club, Baja Fresh Mexican Grill

  • Not enough of a good thing

    With few new grocery centers being built, developers are upping the ante on existing ones

    Pat Donahue, together with his late brother Dan and business partner Tom Schriber, has been in grocery-anchored shopping centers since the ’90s. That’s when Schriber calculated that the company’s long-term fortunes, which had rested on mall development up until then, would be better wagered on high-traffic “necessity-based” retail.

    “At malls you get ’em three times a month.

  • Shop Talk

    TRENDING STORES: Hello Kitty‘s pop-up café, at Irvine Spectrum Center in Irvine, Calif., has been drawing crowds since it opened in July. It’s housed in a shipping container that’s been painted pink and refurbished with a counter and dining patio area, complete with bistro tables and pink-and-white striped awnings. Character graphics adorn the exterior and interior container panels. The café will remain open for a year.

  • STORE BARRICADES WITH CURB AND BRAND APPEAL

    High-quality, graphically interesting store barricades can turn an unsightly construction or remodeling site into a brand-enhancing billboard for a retailer. Chain Store Age spoke with Bob Putnam, the president and founder of Boston Barricade Company, about the evolving nature of retail construction barricades.
        
    How have retail construction barricades changed over the years?

    Thirty years ago, 98% of all retail barricades were constructed using metal framing and drywall. But today, that number is down to 35%.

  • Sporting goods retailer expands New York footprint

    Modell’s Sporting Goods will open two stores in the New York metro area on August 25, bringing its total store count to 156 locations.     The openings include Modell’s 11th location in Brooklyn, and a store in in Mount Kisco.    Both locations will feature a wide selection of top brands such as Nike, Under Armour, Adidas, Reebok, Spalding and more.

  • Retailer in store expansion push

    Not all retailers are reducing their store portfolios.    DSW Inc. announced it will open 21 stores nationwide between August and October. The footwear and accessories retailer currently operates 482 stores in 42 states.     "New store growth is an important and exciting piece of the DSW formula,” said Valara Gee, VP of stores, DSW.   
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