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Development/Redevelopment

  • 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.  

  • The rise of fresh-casual

    Restaurant retail is in the midst of a revolution.    According to the Urban Land Institute, one of the key factors driving traffic at retail is the rise of new food concepts, which account for nearly 50% of shopping center growth nationally. The first volleys of this revolution were fired by a spate of new fast-casual concepts, but as the movement gains momentum, it is evolving from fast-casual to fresh-casual.   

  • CSA Exclusive: America’s Top 10 Redevelopers

    Kimco Realty Corp. takes the top spot in Chain Store Age’s 12th annual Top Redevelopers survey, with 2,669,999 sq. ft. redeveloped. Kimco’s redevelopment reach in 2015-2016 spanned 19 states and Canada, as the company touched 39 projects in all.   (The survey analyzed redevelopment work from mid-year to mid-year in the 12-month period from June 2015 to June 2016.)       Vestar claimed the #2 spot, with 1,930,000 sq. ft. developed, followed by Westfield, with 1, 743 sq. ft. 

  • Lubbock super-regional mall introduces improvements

    The South Plains Mall in Lubbock, a dominant retail center in the Texas Panhandle for 40 years, this week unveils a series of updates for customers.   The Macerich-owned mall has redesigned all three of its entrances, added new flooring and lighting throughout the building, and introduced amenities including center-wide Wi-Fi, charging stations, soft seating, and new restrooms.  

  • Furniture giant opens first-ever retail store

    Furniture manufacturer Herman Miller continues its transformation from a maker of modern office furniture to a lifestyle brand with the opening of its first retail store.     The 6,000-sq.-ft. Herman Miller store is located on the ground and second floors of Herman Miller's flagship building on Park Avenue South in Manhattan. The building houses corporate office space for Maharam, Design Within Reach, and Geiger — all Herman Miller owned companies — along with commercial showrooms for Herman Miller and Geiger.
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