Development/Redevelopment

A premium children’s brand is planning a growth spurt.    Private equity firm L Catterton has acquired Hanna Andersson for an undisclosed sum, with the intent of expanding the Swedish children’s apparel retailer across its channels.   Hanna Andersson currently operates a robust e-commerce and catalog business in addition to 55 retail stores and 11 outlet locations.  

A Gainesville, Florida, mixed-use project now features a strategically assembled team to lead the property to its planned fall 2018 opening.   According to Butler Enterprises president Deborah Butler, the team of local, national and international design and construction professionals will work with Butler to create a world-class retail and residential core for Gainesville.   The team consists of:  

Target Corp. continues to expand its presence in New York City.

As part of its ongoing commitment to development in the state, Stirling Properties has acquired nearly 12 acres of land in St. John the Baptist Parish for development of a new medical facility and additional commercial development.    The site is located at the northwest corner of W. Airline Highway and N. Sugar Ridge Road in LaPlace, Louisiana.  

One of the earliest adopters of the build-your-own pizza concept has notched North Louisiana in its expansion belt.   PizzaRev, the fast-casual pizza banner backed by Buffalo Wild Wings, announced that a franchise agreement has been signed to develop the chain throughout the northern part of Louisiana. Franchisees are lrestaurateurs Cassidy King and Mark Florsheim.  

The man behind Under Armour has big plans for Baltimore -- so big, in fact, that local leaders say his ideas could revitalize the city, or not.   Click here for more.

Steve Tanger is more than CEO of outlet giant Tanger Factory Outlet Centers – he is also an effective talking head.     Tanger appeared as a featured guest on CNBC's "Mad Money with Jim Cramer" on Thursday, July 28, and talked about the consistent strength of the outlet market despite a volatile retail industry.   

Construction spending in the retail sector saw a dip in June, according to a report by the Associated General Contractors of America, but the first half of the year recorded an overall gain.   Commercial (which includes retail, warehouse and farm) construction declined 1.6% in June, per the report, but climbed 8.6% year-to-date. Association officials said spending appears to have leveled off after a strong early start to the year prompted by mild winter weather conditions in many parts of the country.