Development/Redevelopment

As Sears Holdings continues to struggle, the chain has once again updated is restructuring plan.   The embattled retailer has added 72 more stores to its list of upcoming closures. This is in addition to more than 180 closings that it already an-nounced, according to Business Insider.   

Duluth Trading Company continues to grow its sales and store footprint.    The retailer of men’s and women’s workwear, casual clothing, and accessories reported that net sales increased 21.9% to $83.7 million in the quarter ended April 30, up from $68.6 million in the prior-year first quarter. It was the company's 29th consecutive quarter of increased net sales year-over-year.  

Macy’s is toying with a lofty idea that could create more traffic at its Herald Square store in New York City.  

New shopping center development in the Chicago metropolitan area will barely top 1 million sq. ft. in 2017, a nearly 50% plunge from just two years ago, according to Mid-America Real Estate Corporation.   “While new construction is not as robust as previous years, adaptive reuse of existing retail space continues to offer an opportunity for expanding retailers,” said Andy Bulson, the company’s director of suburban tenant representation.   Where new GLA does appear, reveal

Meijer plans to open its smallest urban store yet — but with a twist.   The Grand Rapids, Michigan-based grocer’s newest store will be nearly 30,000 sq. ft., but it won’t feature the Meijer moniker. Instead, the store will go by the name, Bridge Street Market. Construction begins in July, and is expected to be open for business in the early fall of 2018.  

The vacated Whispering Pines Mobile Home Park in North Attleboro, Massachusetts, will be filled with retail by a local developer building centers large and small along the Rhode Island border.   The still nameless project makes the fifth center that Johnston, Rhode Island-based Carpionato Group has under development in the area. They range in size from 53,000 sq. ft. of GLA at the Shoppes at Mayfaire in Attleboro to 830,000 sq. ft. at the Stonehill Marketplace power center in Johnston.  

Coinciding with its recently announced growth plan, Dollar General opened a new distribution center.    The new $100 million facility resides in Janesville, Wisconsin. It is the company’s 14th warehouse. The approximately 1 million-sq.-ft. depot, which began shipping merchandise in January, serves approximately 800 stores in nine states in the upper Midwest, and employs more than 500 employees. Along with more than 130 store locations in the state, Dollar General now has more than 1,300 employees in the state of Wisconsin.

A 50,000-sq.-ft. former Rite Aid store in what was not long ago a rough-and-tumble area of the South Bronx has sold for $17.5 million.   The buyer, an affiliate of ABCAPSTONE plans to redevelop the building — now occupied by a Salvation Army Family Store — into as much as 100,000 sq. ft. of retail space.