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Development/Redevelopment

  • Wegman’s to anchor new NRDC center

    National Realty & Development Corp. landed the first anchor for its new project in Middletown, New Jersey, and it’s a whopper.  
  • Coradino sees ‘new mall’ rising

    CEO Joe Coradino and PREIT are serious about recapturing vacant department store space and refilling it with new customer experiences.   Just weeks after the opening of a Legoland Discovery Center at its Plymouth Meeting Mall in the Philadelphia suburbs, PREIT announced it had executed a lease at that property with 5 Wits, a live-action entertainment concept that immerses people into one of three adventures: Tomb, Deep Space, or Drago’s Castle.  
  • Quality Trumps Quantity

    Shopping center owners added fewer centers in 2016, but demonstrated that less is more

    As physical shopping centers battle furiously for customer share, more developers are realizing that bells and whistles aren’t just optional; they’re essential. No matter the size or scope, new shopping centers have to offer something extra to an increasingly discerning consumer — and the group of owners highlighted here is doing just that.

  • Takin’ It to the Street

    People and corporations are streaming back into America’s downtowns. Are they chain retailers’ best hope for growth?

    “City of stars, are you shining just for me?” sings Ryan Gosling in this year’s hit movie musical “La La Land.” “City of stars, there’s so much that I can’t see.”

  • The Discipline of the Deal

    Whether purchasing individual assets or restructuring entire portfolios, top acquirers have plans and stick to them.

    Stick to your knitting. That appears to be the mantra for this year’s top acquirers, all of which, save one, have appeared on this list in previous years. Most relate that, in the late stages of a recovery, discipline, tenacity and structure are key to closing deals. This year, staffers at two of these tenacious companies can chant, “We’re No. 1!”

  • Abilene to get largest shopping center in a decade

    Prestige Development Group is about to break ground on a 171,027-sq.-ft. shopping center in Abilene, Texas.   Nearly 85% of The Shops at Abilene Village are pre-leased by a tenant lineup that includes Burlington, Petco, and Academy Sports + Outdoors. It will be the first store in the Abilene market for Burlington, and Academy is relocating from a 50,000-sq.-ft. location to claim 72,000 sq. ft.in of space at The Shops.  
  • Actress opening second store

    Sarah Jessica Parker is expanding her brick-and-mortar retail business.   The actress, producer, and designer will open her second freestanding store, in Las Vegas. The SJP by Sarah Jessica Parker store will be located at the Bellagio Resort & Casino and open this summer.   
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