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Development/Redevelopment

  • 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.  
  • 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. 
  • 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.   
  • New menu at Dallas-area center

    Among cities with more than 250,000 residents, Plano, Texas, has the highest median income in the land at $104,000. It’s also one of the nation’s fastest-growing cities, so Eden’s Preston Towne Crossing and Berkeley Square in Plano have expanded and upgraded their food and beverage options in kind.   Recently opened at Preston Towne Crossing are SusieCakes Bakery, a specialist in old-fashioned sweets, cookies, and cakes, and Vom Fass, a purveyor of cask-aged vinegars, oils, wines, and spirits.  
  • Restoration Hardware’s new Seattle showplace

    Restoration Hardware Holdings continues to expand, opening a 60,000-sq.-ft. store in Seattle at University Village.

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