Development/Redevelopment

Lafayette, La. -- Stirling Properties and CBL & Associates Properties celebrated the grand opening of Ambassador Town Center located in Lafayette, Louisiana. The center is currently 97% leased and includes either first-time locations within Lafayette or Louisiana, or both.

Ross Dress for Less opened a new store in Woodbridge, Virginia, on March 5.

The 25,000=sq.-ft. store is located in Prince William Square, on the northwest corner of Smoketown Road and Gideon Drive, 20 miles southwest of Washington, D.C.

The opening is part of Ross’ 2016 expansion program, totaling about 70 new locations during the year.

Sayreville, N.J. -- O’Neill Properties Group announced that it has completed brownfield remediation project at the 40-acre lagoon at The Pointe located in Sayreville, New Jersey. The Pointe is the largest mixed-use brownfield redevelopment ever undertaken in the Northeast with the project costs of $2.2 billion. Vertical construction will begin in spring 2016 on a 200,000-sq. ft. anchor tenant Bass Pro Shops Outdoor World, the largest Bass Pro in the country outside of its original flagship operation.

Atascocita, Texas -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has broken ground on the redevelopment of two buildings totaling 33,000 sq. ft. on 4.5 acres of land located Atascocita, Texas.

Publix has hired a broker and is actively looking for sites in the Washington, D.C., area, according to a new report. 

The Washington Business Journal reported that the Florida-based grocery chain had a booth at the International Council of Shopping Centers’ Mid-Atlantic Dealmaking and Conference last week in Southern Maryland.  Publix spokeswoman Kim Reynolds told the publication that indeed, the chain is looking to open stores throughout Virginia, including in Northern Virginia. 

Online luxury consignment retailer The RealReal continues to make moves in the physical world as it seeks to simplify how customers interact with its innovative retail model.

San Francisco-based The RealReal began establishing a direct physical presence last August when it opened an office in New York City to authenticate and accept goods for sale, followed by a location this past February in Los Angeles. And it has now opened a third location focused on jewelry and watches in Chicago.

The off-price division of Nordstrom plans to open a new store in the nation’s capital, and another in Texas.

Nordstrom Rack will open at District Center in the heart of Washington, D.C. The approximately 37,000 sq.-ft., two-level store, is scheduled to open in fall 2016, will be the retailer's thirteenth Nordstrom Rack in Washington, D.C./Baltimore area having first opened in the area at Potomac Mills in Woodbridge, Virginia in 1990.

Ross Dress for Less opened a new store in El Paso, Texas on March 5.

Amazon.com is opening a state-of-the-art distribution center in Edgerton, Kansas, to fulfill orders for large items such as refrigerators or kayaks.

The company says the facility will create approximately 1,000 full-time hourly positions, plus many managerial and support roles to support customer fulfillment. In Kansas, Amazon currently operates facilities in Lenexa.

Photo: Aritaum, H-Mart, Ridgefield, New Jersey