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Development/Redevelopment

  • Hudson Yards retail component is 60% leased

    After Neiman Marcus announced it would open its first New York store at Hudson Yards — the biggest development in that town in recent history — retail leases are being signed at a torrid pace.   According to developer Related Urban, The Shops & Restaurants at Hudson Yards are 60% leased more than two years before their scheduled opening in fall 2018.  

  • Natural pet food retailer on expansion track

    Bentley’s Pet Stuff is on the move.   The family-owned retailer, which specializes in the fast-growing segment of natural pet food, will open nine stores in December, with locations in Milwaukee, Colorado, Minneapolis and Chicago.    The new locations include Bayview, Racine, Menomonee Falls, New Berlin, Delafield and Fox Point (all in the Milwaukee area); Stillwater in the Minneapolis area; Greenwood, Colorado; and one in Chicago.  

  • Celebrity to debut her first standalone store

    Sarah Jessica Parker will be among the retail tenants at a new luxury retail center.   The actress-cum-designer will open her first freestanding store on Dec. 8, at MGM National Harbor, a new resort and upscale retail center just outside of Washington, D.C. The store, called SJP by Sarah Jessica Parker, will feature the brand’s collection of shoes, handbags, accessories, and its new LBD (little black dress line) line. (The SJP brand launched in 2014 in upscale department stores.)  

  • District at Green Valley Ranch signs three lifestyle tenants

    The District at Green Valley Ranch outside of Las Vegas gave a shot in the arm to its healthy lifestyle credentials with the signing of three new tenants — CycleBar, Drip Doctors, and Pressed for Juice.   Owned by Vestar, the 385,000-sq.-ft. open-air center is the largest retail component of Green Valley Ranch, a master-planned community in Henderson whose centerpiece is a hotel-casino resort of the same name run by Station Casinos.  

  • GameTime signs at One Daytona

    International Speedway Corporation has announced the signing of GameTime to a lease for a 35,000-sq.-ft. at One Daytona, a mixed-use project rising up across from its historic Daytona International Speedway.   Aside from bowling alleys and arcade games, GameTime locations feature full-service bars and a menu of standard bar fare like pizza, burgers, and sandwiches. This will be the Florida-based chain’s fifth location in its home state.  

  • Home furnishings giant continues U.S. expansion

    Ikea is hoping to build its fifth store in the state of Texas.   The retailer is submitting plans to the City of Live Oak, Texas, for a San Antonio-area store. Pending approvals, construction could begin in spring 2018, with an opening in summer 2019.     Located approximately 15 miles northeast of downtown San Antonio, the 289,000-sq.-ft. proposed Ikea would be built on 31 acres.  

  • Floor & Décor to anchor proposed New Jersey center

    Floor & Décor has signed a lease for a 74,200-sq.ft. superstore at the planned Richmond Plaza in Woodbridge, New Jersey. The site is located within the super-regional trade area commanded by General Growth Properties’ Woodbridge Mall.  

  • 2017: The year when retailers smash their cookie cutters?

    Retail real estate professionals and retailers have a symbiotic relationship when it comes to creating great shopping centers and memorable destinations. The former can develop, lease, and broker spaces in great projects in compelling locations, but a retail or mixed-use project is ultimately defined by its tenants: the better the retailers, the better the project.  
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