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Development/Redevelopment

  • Nordstrom Rack on the move

    Nordstrom Rack, the off-price division of Nordstrom, continues its expansion, announcing two new upcoming locations.

    The retailer plans to open a 28,000-sq.-ft. store at Fashion Outlets of Chicago in Rosemont, Ill., in fall 2016. The property is owned by Macerich.

  • Tractor Supply slashes energy costs 40% at new DC

    Tractor Supply Company is seeing green at its new distribution center.

    The company’s new DC ,in Casa Grande, Arizona, has achieved LEED (Leadership in Energy and Environmental Design) Silver certification from the U.S. Green Building Council. It is the second LEED Silver certification awarded to a Tractor Supply Company facility within the last year.

  • Connecticut's first Bass Pro Shops opens in $750M mixed-use Steelpointe Harbor

    Bridgeport Landing Development, a subsidiary of The RCI Group announced that Connecticut’s first Bass Pro Shops has opened at Steelpointe Harbor located in Bridgeport, Connecticut.

    The Steelpointe Harbor Bass Pro Shops is a 150,000 sq. ft. store featuring Uncle Bucks Fish Bowl and Grill restaurant, Black Widow Billiards™ parlor complete with two tournament pool tables, a bowling alley with 12 full lanes, an archery range and aquarium.

  • JTRE Holdings Acquires Retail Co-op in Soho

    JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.

  • Birchbox puts together team for brick-and-mortar expansion

    Judging by its recent executive appointments, online beauty subscription retailer Birchbox is getting more and more serious about expanding in the physical space.

    The company has named Benjamin Fay as VP of retail development and customer experience, with responsibility for translating the Birchbox brand experience into store design and overseeing execution of the retailer’ s off-line growth.

  • Dunkin’ Donuts expanding with former NFL players

    Dunkin’ Donuts has signed a multi-unit store development agreement with a franchise group led by two former NFL players.

    The chain said it has signed an agreement with Berliner III to develop 14 new restaurants in St. Louis and two new locations in Kansas City over the next several years. Berliner III is led by NFL greats and former University of Nebraska football players Kris Brown and Zach Wiegert, who have teamed up with David Scott to develop a third market.

  • CBL announces community center disposition progress

    CBL & Associates Properties announced that it has closed on the disposition of Waynesville Commons, a 128,000 sq. ft. community center located in Waynesville, North Carolina. The property was purchased for $14.5 million by affiliate of Yale Realty Services Corp.

  • Smart & Final expands California footprint

    It’s official: Smart & Final Stores is acquiring 32 Haggen stores in Central and Southern California.

  • Report: Macy’s updates Herald Square with one important exception

    A four-year, $400 million upgrade has transformed Macy’s Herald Square flagship. But for all the modernization, there is a signature element of the store that remains as is: the Otis wooden escalators—20 in all— that have been in operation for as long as 95 years.

  • Canadian furniture retailer sets its sights on the U.S.

    Just in time for Black Friday, Structube, a leading Canadian retailer of modern furniture, has launched its e-commerce site in the United States.

    In addition to its online platform, Structube, which operates 47 stores in Canada, plans to open stores across the United States, starting in 2016.

    Structube specializes in contemporary style furniture, and offers “high style/low priced” pre-assembled and easy-to-assemble products. The company says it caters to young professionals, condo dwellers and small businesses.

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