Development/Redevelopment

Saks Fifth Avenue Off 5th will open its first location in Montreal, at CF Galeries d’Anjou. The approximately 30,000-sq.-ft. store will open this summer.   “We have now announced four locations across Quebec and we look forward to bringing the Off 5th experience to these areas, said Jonathan Greller, president, Saks Off 5th and Gilt.    CF Galeries d’Anjou is managed by Cadillac Fairview, and jointly owned by Cadillac Fairview and Ivanhoé Cambridge.  

The Sunshine State will gain another Amazon fulfillment center.   On the heels of its recent announcement to open a new warehouse in Jacksonville, Fla., the retail giant is planning to open a second facility in the same city, and employ an additional 1,000 workers. Jacksonville’s first fulfillment center was announced six months ago.   

TRENDING STORES: Two Canadian brands are dropping anchor in the United States. Health and beauty retailer Saje Natural Wellness, which operates 45 locations up north, will open two stores in the Los Angeles area by year end. Another 25 stores are on tap for 2017. Featuring natural wellness, personal and home care products and accessories, Saje stores are open, light and airy, with a high level of design. The Saje store at Toronto’s Sherway Gardens features a 30-foot Italian tile façade.

Oculus Populi: The mall at the center of the World Trade Center

U.S. real estate developers and brokers coping with epic changes in the retail landscape can take some solace from the fact that, when it comes to overstoring, America’s got nothing on China.   A list of cities with the most shopping center space under construction from CBRE Research had Chinese cities occupying 11 of the top 12 spots, led by Chongqing with 39.8 million sq. ft. being built. Shenzhen (38.7 million) and Chengdu (37.6 million) weren’t far behind.  

Target Corp. is thinking out of the box in urban and other select areas.

The retailer’s flexible format store is designed to allow it to open in locations — ranging from downtown areas to college neighborhoods — that can’t accommodate a big-box footprint. The stores, which also serve as convenient pick-up destinations for online orders, run the gamut in size depending on their location. But most seem to average from about 20,000 to 40,000 sq. ft. The smallest, at 12,000 sq. ft., is in Berkely, Calif.

Seaport District

Location: Lower Manhattan, New York, N.Y.

Size: The transformed Seaport District will encompass seven buildings on several blocks totaling more than 400,000 sq. ft.

Developer: The Howard Hughes Corporation

Key tenants: iPic Theaters, 10 Corso Como, Scotch & Soda

Status: Pier 17, the property at the center of the Seaport’s development plan, is set to open next year.

New retailers and new consumers (read: millennials) are discovering value retail, and that means more outlet centers in more locales in more different configurations.