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Development/Redevelopment

  • Construction on track for new Ikea

    Ikea’s upcoming store in Columbus, Ohio, has begun taking shape.   The company said that the structure’s steel framing has progressed far enough to allow for the installation of Ikea’s iconic blue composite panels. Installing the panels is a construction milestone that keeps the store on track to open in summer 2017.  

  • Outlet projects falter in Michigan

    Two outlet mall projects in southern Michigan have been abandoned and another will miss its scheduled opening date, according to a report in the Detroit Free Press.  

  • French lifestyle brand to raise U.S. profile with renovated stores, new locations

    The brand known the world over for its iconic crocodile logo has a new retail strategy.   In a move to enhance its brand in the United States, Lacoste is renovating high-profile locations and opening more impactful, larger-format retail stores in the its key U.S. markets, which include New York, south Florida and southern California.   

  • Regency redevelops South Florida center

    Regency Centers has demolished most of its Aventura Shopping Center in the South Florida town of the same name, and is underway with a near-total redevelopment.   The Publix grocery anchor at the center south of Hollywood is the only structure that remains, though the 35,500-sq.-ft. space will be expanded to 49,000 sq. ft. with parking below the store.   

  • Food Emporium raises hopes of New Jersey center

    In 2013, when Plainsboro (New Jersey) Plaza lost its grocery anchor, prospects appeared bleak for the once-thriving center. A new town center concept erected across the street in this affluent locale bordering Princeton had siphoned off shoppers in a big way. According to a report in the Trenton Times, two-thirds of the Plaza emptied while Plainsboro Village Center was 96% leased.  

  • Uniqlo renovating ‘milestone’ store

    Uniqlo is in the final stages of an extensive makeover of its first-ever store in New York City.      Located in Manhattan’s Soho neighborhood, the 10-year-old, 36,000-sq.-ft. store is being redone to the theme of "a new Tokyo in Soho." Scheduled to unveil its new look on Sept. 2, the store was the chain’s first global flagship. Hiroshi Taki, Uniqlo U.S.A. CEO, described it as “an important milestone in the company's plans to expand internationally.”  

  • Is Restoration Hardware thinking of entering a new business?

    Gary Friedman, CEO of Restoration Hardware, is not denying reports that the ultra-luxury home furnishings company may one day sell fully designed and outfitted homes.

  • NewMark Merrill completes Colorado ‘lifestyle center’

    The first phase of NewMark Merrill’s redevelopment of the Village at the Peaks in Longmont, Colorado — a 500,000-sq.-ft. lifestyle center — has been completed.   The company purchased the 50% vacant Twin Peaks Mall in 2012 for $8.5 million and has since pumped $90 million into construction of the new project in a private partnership with the city of Longmont that included a $32 million public bond.  
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