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Development/Redevelopment

  • Home furnishings giant to build its most sustainable store to date

    Ikea Canada is building a 328,000-sq. ft. store Halifax, Nova Scotia, that will feature a special focus on energy efficiency and waste management.

    The store will take roughly 14-16 months to build once ground has been broken in summer 2016. It will be built to operate as the retailer’s most sustainable store in Canada, and include a rooftop solar photovoltaic installation that provides electricity to the store and a geothermal energy generation system to support heating and cooling needs.

  • Detroit’s Shinola sets sights on brick-and-mortar expansion

    A specialty retailer whose tagline is “Where America is made,” is betting on brick and mortar to tell its brand story and provide more jobs.

    Shinola, the Detroit-based retailer and manufacturer of pricey watches, leather goods and bicycles plans to open 10 stores this year, and 12 to 15 stores annually over the next coming years.

  • Survey: Retailers upbeat about 2016; investing in tech-driven marketing

    Retailers are generally optimistic about 2016, with such factors as low gas pricing and the housing market uptick working in the industry’s favor.

    That’s according to a survey of store managers by real estate services firm Levin Management, which has 95 properties in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina. Several industry sources have also expressed a positive outlook, including Kiplinger, which anticipates retail will grow approximately 4% this year, and Trading Economics which expects 3.6% growth.

  • Bloomingdale’s to open second international store

    Macy’s announced that a Bloomingdale’s store will open in spring 2017 in Kuwait as part of the company’s strategic partnership with Al Tayer Group LLC.

    This will be Bloomingdale’s second international location (the first opened in Dubai in 2010) and ahead of Macy’s and Bloomingdale’s stores scheduled to open in Abu Dhabi in 2018 – all in partnership with Al Tayer.

  • Brickell City Centre announces 40 new tenants

    Swire Properties Inc, one of South Florida's leading international developers of urban real estate, along with retail co-developers Whitman Family Development and Simon Property Group, announced new tenants set to join Brickell City Centre's, a 500,000-sq.-ft- open-air shopping center under construction in the heart of Miami’s Brickell neighborhood.

  • The Wilder Companies creates new position for growth strategy

    Boston -- The Wilder Companies announced that Shelley M. Anderson has been named director of new business development, a newly created position for the company. Anderson will be responsible for developing retail real estate opportunities to expand the company’s portfolio of open-air centers throughout the eastern portion of the U.S. She will focus on existing center acquisitions, exploring joint venture opportunities with existing owners and growing the company’s burgeoning third-party services business.

  • Here's where Walmart is expanding its store base

    On the heels of announcing it would close more than 150 stores in the United States, Walmart says it will open 15 supercenters this month in Canada.

    These grand openings bring Walmart Canada's total store count to 400 stores, including 312 supercenters and 88 discount stores. The company says its 15 supercenter projects represent an investment of more than $100 million and have generated approximately 700 new store jobs and 1,450 construction and trade jobs in that nation.

  • H-E-B to open convenience store format

    Citing a Virtual Builders Exchange report, the San Antonio Business Journal last week reported H-E-B would be opening a pureplay convenience store operation with plans to construct a 7,500-sq.-ft. convenience and fuel center.

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