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Development/Redevelopment

  • Final anchor to open in Port Arthur redevelopment project

    Baker Katz announced that the 90,000 sq. ft. multi-tenant center redevelopment project in Port Arthur, Texas is complete with the opening of PetSmart.

    The former Sutherlands Hardware was transformed into a multi-tenant retail center with the addition of national anchor tenants, including Hobby Lobby, PetSmart and Party City. Chipotle, Firehouse Subs and Gulfside Dental, are scheduled to open by early 2016, will occupy a 7,000 sq. ft. building in the foreground of the project.

  • Partnership acquires pair of grocery-anchored centers in same-day transaction

    X Team International announced that Mountain West Retail and Investment and Newmark Grubb ACRES completed sales of two grocery-anchored properties same-day.

    Canyon Center, a 51,914-sq.-ft. property in Sandy, Utah, is anchored by Smith’s and Shopko; the seller was Dee’s Inc., a third generation, family-owned real estate company, and the buyer was Pacific Castle, a Southern California-based institutional investor.

  • Now Trending: It’s NOT the Internet, Dummy!

    “Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

    The narrative is a familiar one: the scourge of online sales, encroaching ominously on brick-and-mortar market share, continues to siphon sales and transform the retail industry into an increasingly virtual landscape. Over the last few years, nearly every retail sales drop or unexpectedly poor performance has been laid at the feet of the Internet.

  • Sam Edelman opens second West Coast store

    Sam Edelman continues to expand its West Coast retail presence.

    The footwear brand turned lifestyle retailer opened a 2,896- sq.-ft. store Westfield Valley Fair Mall in Santa Clara, Calif. The new location is the second in California, and the largest of all Sam Edelman stores, including those planned to open in the next year.

    Designed by Dagnell Folger of Architecture + Information, the store stays true to the Sam Edelman aesthetic with a mix of materials that includes reclaimed wood and raw concrete with rose-colored brass and black leather.

  • Saks Off 5th continuing Canadian expansion

    Saks Fifth Avenue Off 5th is making progress in its plans to open up to 25 locations across Canada by 2018.

    The retailer announced three new locations in Canada: Toronto Premium Outlets, Halton Hills, Ontario; Rideau Street, Ottawa, Ontario; and Premium Outlets Montreal, Mirabel, Quebec City.

  • NO ASSEMBLY LINE

    The 45-acre Assembly Row in Boston breaks almost all the rules for the traditional model for outlet centers. Just three miles from downtown Boston, Assembly Row is an urban-style mixed-use center with a wide range of outlet retail options alongside entertainment components like LEGOLAND Discovery Center, AMC Theatres and over a dozen restaurants from Legal Sea Foods to Vancouver, B.C.-based Earls Kitchen + Bar.

  • Ins and Outlets

    Outlet malls are often associated with not only appealing deals on name-brand products, but also with driving long distances to get to the far-flung locations where outlets have traditionally been located.

    But that is all changing — and changing fast.

  • PHILLIPS EDISON & COMPANY

    Company HQ: Cincinnati, Salt Lake City, New York City and Atlanta

    Company Website: www.phillipsedison.com

  • THE COURT AT DEPTFORD

    Project Owner: DLC Management Corp.

    Company HQ: Tarrytown, New York

    Project Location: Deptford, New Jersey

    Project Size: 361,000 sq. ft.

    Project Status: Open and operating

    Company Website: www.dlcmgmt.com

  • BRIXMOR PROPERTY GROUP

    Company HQ: New York City

    Company Website: www.brixmor.com

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