Development/Redevelopment

Dillard’s says sales were particularly weak in the Southern states as the department store retailer reported a 35.6% drop in fourth quarter profit.

For the period ended Jan. 30, Dillard's had revenue of $2.07 billion for the fourth quarter, down from $2.1 billion during the same period a year ago. Net income was $130.5 million, or $3.17 per share, for the prior year fourth quarter. Same-store sales declined 2%. Net sales for the fourth quarter were $2.074 billion.

A home improvement start-up with a green conscience and niche positioning is finally ready to expand out of its Austin, Texas, hometown.

TreeHouse will serve as the anchor tenant at The Hill, a new North Dallas shopping center being revived, refreshed, and repositioned by Dallas developer, Cypress Equities. The store, which will be designed by Lake|Flato Architects, is slated to open in early 2017. It will be the retailer’s second location, but perhaps not for long.

Slidell, La. -- Stirling Properties and CBL & Associates Properties announced new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.

Newly signed tenants include: Books-A-Million, moving from its current location at Northshore Square Mall, will occupy 7,500 sq. ft. and is expected to open on March 3; Five Below will occupy a 8,024 sq. ft. space and is expected to open April 6; Allure Nail Spa, and LensCrafters are opening spring of 2016.

A brand best known for its whimsical neckties and smiling pink whale logo is opening a flagship in the Big Apple.

Vineyard Vines will open a 6,000-sq.-st. store in Grand Central Station. The company is also slated to open stores at Somerset Collection, Troy, Michigan, in early May, at Hyde Park in Tampa, Florida, in August, and at Stanford Town Center in mid-March and The Village of Corte Madera in mid-June (with the latter two locations in California).

South Korean electronics giant Samsung on Monday opened what it calls a “consumer technology playground” in the trendy Meatpacking District of Manhattan.

Named for its address, 837 Washington Street, the 55,000-sq.-ft. Samsung 837 is packed with eye-popping features, from a three-story array of televisions made up of 96 Samsung 55-inch TVs to a truly futuristic, fully-immersive virtual reality experience. There is also a café, art gallery and theater.

Dublin, Ohio -- Crawford Hoying announced that they have completed two leases totaling 18,900 sq. ft. of retail space in its Bridge Park development for The RAM Restaurant & Brewery (The RAM) and Mesh Fitness.

Photo: Matthew Tice (left) and Mark Cosenza (right)

Boise, Idaho-based discount grocer WinCo Foods will develop a new ground-up 82,077-sq.-ft. anchor store at Trinity Valley Shopping Center in Carrollton, Texas.

The new WinCo will be developed at the site of a former Target anchor store at the center. Following the closure, the ownership of the center, Josey Trinity Mills Ltd., acquired the vacant building in October 2015. The site will be demolished starting around April 2016, and the newly developed WinCo is scheduled to open in early 2017.