Development/Redevelopment

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.

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 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 & 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.

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

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.

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.

The Feil Organization announced Maison Kayser will bring its artisanal breads and baked goods to Union Square, signing a 15-year lease at the historic 841 Broadway for its eighth location in Manhattan, New York.

The bakery will occupy 3,000 sq. ft. on the ground and mezzanine floors of the 108,000 sq. ft., eight-level Romanesque building, completing its retail portion.

EDENS announced it acquired Casa Linda Plaza, one of the oldest shopping centers in the Dallas, Texas. The 323,000 sq. ft. center, was first opened in the late 1940s.

Casa Linda Plaza is located five miles northeast of downtown, situated on three of the four corners at the intersection of Buckner Boulevard and Garland Road. The center is anchored by Albertson's and Petco, as well as, mix of local and national retailers including Pie Wei, Torchy's Tacos, El Fenix Restaurant, Highland Park Cafeteria, and Elliott's Hardware to name a few.

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.