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Development/Redevelopment

  • Target shares details of $7 billion capital investment plan

    Target Corp. has a lot on its plate for the next three years.   Among other initiatives the retailer will open 30 small format stores in 2017, doubling its presence in urban markets and on college campuses. By 2019, Target will operate more than 130 smaller stores.  

  • Supermarket retailer turns in solid quarter

    Publix Supermarkets’ sales and profit rose in the fourth quarter amid continued expansion.      Publix’s net earnings for the fourth quarter rose 4.5% to $544.5 million, from $521.1 million in the year-ago period.   Sales rose 11.1% to $9.1 billion. (The additional week in the fourth quarter of 2016 increased sales by 7.4%.) Same-store sales increased 2.2%.  

  • Specialty lamps retailer to debut new format

    It’s been a while since Lamps Plus Inc. opened a new store, since 2009 to be specific.   But that will change this summer, when the retailer opens a store at The Arboretum, an open-air marketplace in Austin, Texas. The location will be the nation’s largest lighting retailer’s 39th store and third in Texas.   

  • Ikea marks construction milestone

    The iconic blue panels are going up on what will be Ikea’s fourth store in Texas.   The 290,000-sq.-ft. store is located in Grand Prairie, 14 miles outside of downtown Dallas. It is scheduled to open in fall 2017.    Ikea is bullish on expansion in Texas. The retailer previously announced plans for a store in Fort Worth, and also one in the San Antonio area. Both locations are scheduled to open in summer 2019.   

  • Kimco makes two senior appointments

    Ross Cooper (left) and David Jamieson (right).

  • Report: Target in store renovation push

    In the wake of a disappointing quarter, Target Corp. is making long-term investments in its future.   The discounter plans to spend $7 billion in cash during the next three years as it lowers its prices and invests in its stores, with renovations planned for some 600 locations, reported CNBC.   "We can't capture that market share if we're presenting an old, tired store," Target CEO Brian Cornell said.  

  • Starbucks to use new upscale format to make Italian debut

    Starbucks Coffee Company will open for business in Italy for the first time in late 2018.   The coffee giant plans to open a 25,500-sq.-ft. Reserve Roastery outpost in late 2018 in Milan, in the historic, turn-of-the-century post office building in the city’s center. The Milan Reserve Roastery will be the first Starbucks Roastery to open in the Europe, Middle East and Africa region, and the fifth, globally. It is the first of additional Starbucks stores the company plans to open in Italy.   

  • Open-Air, Three Ways

    Three different centers, three different owner/managers, three different recipes for shaping open-air centers to local tastes

    Chris Ressa does not put a lot of stock in the word “experiential.” Though it’s become a companion to the word “retail” in the real estate industry, DLC Management Corp.’s senior VP of leasing finds it not up to the task of describing what’s too often missing at shopping venues.

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