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Development/Redevelopment

  • Sears announces another closing — but this one doesn’t involve stores

    Sears Holdings will shutter its apparel design office in New York City.

    The struggling retailer will shutter the 154-employee office in July, reported the New York Post, which cited a Department of Labor filing.

    Sears will move approximately 40 positions to an existing site in San Francisco, with the remainder positions to be cut, according to the report.

  • Schostak’s Michigan property adds more tenants

    Diverse and high profile is how Schostak Brothers & Company describes the tenant mix at their southeastern Michigan shopping center and several recent additions ensure the venue lives up to that billing.

    Trader Joe’s, DentalWorks, One Society and Brain Balance Achievement Centers have joined the Northville Park Place shopping center located on the southwest corner of 7 Mile and Haggerty Road in the Detroit suburb of Northville.

  • Cowboys putting giddy up in mall traffic

    Shopper center operators have a new ally in their efforts to drive traffic called Cowboys Saloon: American Bar & Grill.

    Cowboys is a new food and entertainment concept billed as a destination restaurant and country-western venue that is looking to grow rapidly the next few years. Founded six years ago, Cowboys is on a growth trajectory to operate more than 20 locations by 2018, up from the seven locations that will be open by year end.

  • Sears Holdings closing 78 more stores

    Sears Holdings announced its latest round of store closings as it continues to look for ways to cut expenses and return to profitability after five years of losses.

    The embattled retailer, which has been steadily shrinking its physical portfolio over the last few years, will close 68 Kmart and 10 Sears stores this summer. (See list of locations at end of story.) In February, Sears warned it would speed up the closing of unprofitable stores.

  • Retail Real Estate Insights. For Retailers. By Retailers.

    It is appropriate that Salt Lake City, Utah — a place that has been called “America’s Climbing City” — is home to an experiential retail concept that aims to be nothing less than America’s climbing gym: Momentum Indoor Climbing.

  • Butler Plaza getting bigger, adds biscuit concept

    Emerging food service concept Maple Street Biscuit Company is the latest addition to one of Gainesville, Fla.’s fastest growing retail destinations.

  • Meijer CEO talks expansion

    Meijer has plans to open stores in Michigan's Upper Peninsula, Cleveland and Minneapolis during the next five years, reported MLive.com. "We see Cleveland as the next city to go to," said CEO Hank Meijer, with the first stores opening in 2018 or 2019, the report continued. [MLive.com]

  • Regency Centers makes big solar commitment

    Regency Centers, in partnership with SoCore Energy and several of its retail partners, is outfitting two of its shopping centers in California with solar photovoltaic systems.

    Regency announced the installation of over 750 KW of rooftop solar photovoltaic systems at Persimmon Place, in Dublin, and East Washington Place in Petaluma. Combined, the systems include approximately 2,500 modules and are expected to produce over 1,200,000 kilowatt hours of clean and renewable electricity each year.

  • CVS Pharmacy expanding its Hispanic format

    CVS Pharmacy is bringing its CVS Pharmacy y más to the Los Angeles market.

    The retailer first debuted the concept, designed to provide enhanced, personalized service to the local Hispanic community, in June 2015, in Miami, opening 12 stores. Nine stores in the greater Los Angeles market will have the new format.

  • Simon finds new way to drive mall traffic

    Simon Property Group is adding an unconventional experiential component to its Opry Mills mall in Nashville that should add even more traffic to the already popular shopping and entertainment destination.

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