Development/Redevelopment

Less than a month after closing its New York City pop-up store, Snap is back in the brick-and-mortar game.   Snap, the social media company formerly known as Snapchat, opened a temporary store on the boardwalk in Venice, California, near its Los Angeles headquarters, according to TechCrunch.   

Nordstrom Rack will open a store at Cascade Station in Portland, Oregon.    The approximately 28,000-sq.-ft. store is scheduled to open in fall 2017.   This will be the fifth Nordstrom Rack store in the Portland area. Portland is also home to the first stand-alone Nordstrom Rack store, which opened in 1983. The company also operates a full line stores at downtown Portland and Clackamas Town Center.  

Amazon continues to quietly grow its bookstore portfolio.    The online giant confirmed it will open an Amazon Books location in Bellevue, Washington — its second in the state and tenth overall — reported ReCode.   

The parent of Men's Wearhouse, Jos. A. Bank and other menswear brand reported lower sales in its fourth quarter amid soft traffic across its brands.    Tailored Brands reported sales of $793.3 million in the quarter ended Jan. 28, down from $826 million a year ago. The company closed 232 stores in 2016.    The company lost 62 cents a share in the quarter, more than expected, compared with a loss of $21.86 a share in the same period a year ago.   

Miami’s recently opened Brickell City Centre has unveiled plans for La Centrale, the 38,000-sq.-ft. Italian food hall that figures to be the huge, mixed-use development’s answer to Eataly in Manhattan’s Chelsea district.  

The Kroger Co. is preparing to break ground on its newest distribution center.   The grocer is investing $60 million in the 674,000-sq.-ft. depot, which will primarily be used to replenish Kroger’s direct-to-store distribution centers across the eastern half of the country, according to the Northern Kentucky Tribune.  

A new retailer aimed at Hispanic customers is expanding its footprint in South Florida.    Fresco y Más on March 8 opened five stores in Miami, and Hialeah, Florida, bringing its total store count to 11 locations. The banner is the latest concept from Southeastern Grocers, parent company of Bi-Lo, Harveys and Winn-Dixie.  

More luxury stores opened in London in 2016 than any other city in the world.   The British capital topped the global ranking for new luxury retail store openings in 2016, according to Savills Global Luxury Retail report.    The city saw a total of 41 luxury store openings during the year, (of which 15 were the respective brand’s first ever store in London), followed by Paris, with 36 openings, and New York, with 31. Rounding out the top five were Dubai (31), Hong Kong (25) and Milan (24).