Development/Redevelopment

Columbus, Ohio -- On the heels of its announcement that it would open 35 stores in 2015, footwear retailer DSW said Wednesday that 19 of those store openings would occur this spring.

The locations will be nationwide, including 12 new markets.

"We are pleased to grow our footprint in cities DSW already calls home, while also expanding to new areas of the country. Opening 19 stores this season and more throughout 2015 is absolutely thrilling for our brand,” said Carrie McDermott, executive VP and COO of DSW.

Santa Monica, Calif. – Macerich Co., a California-based mall operator whose properties include Tysons Corner Center in Tysons Corner, Virginia, has rejected a hostile $22 billion takeover bid from Simon Property Group Inc. Macerich has publicly stated it thinks the deal undervalues its portfolio and growth opportunities.

"It is truly disappointing Macerich would not even meet to discuss our proposal," said Simon Property CEO David Simon. "Macerich's rejection is based on a rosy view of its future prospects."

Palo Alto, Calif. – SAP is opening HanaHaus, a new cafe and community workspace that aims to foster a culture of technology innovation, on March 19. Located in Palo Alto, California, HanaHaus seeks to become a central hub of activity that supports new thinking and entrepreneurial energy.

Columbus, Ohio - Nationwide Realty Investors has announced that Nashville, Tennessee-based Dick’s Last Resort will open its first Ohio location in the Arena District in summer 2015. Dick’s Last Resort will occupy 7,300-sq.-ft. in the first floor of a building adjacent to Nationwide Arena and will include an outdoor patio with seating for more than 130 people

St. Petersburg, Fla. - Publix will anchor the Shoppes at Trinity Lakes, a 76,000-sq.-.ft center located in Trinity, Florida. The 45,600-sq.-ft. Publix joins three other tenants who have already signed leases at the center: Haircuttery, Majik Touch Cleaners, and China Wok, each of which will occupy 1,200 sq. ft.

Columbus, Ohio - Easton Town Center, a 1.7 million-sq.-ft. “New Urban” shopping center, has announced that 13 new tenants have signed lease agreements to be included in the shopping center’s new 500,000-sq.-ft. north district, Easton Gateway. The announcement was made by Easton Town Center co-developers Steiner + Associates and The Georgetown Company.

Buoyed by impressive fourth quarter sales, Burlington Stores Inc. is accelerating its expansion strategy, with plans to open 25 new stores in 2015 and a long-term goal of 1,000 stores coast-to-coast.

The off-price retailer reported that total revenue for the fourth quarter ended Jan. 31 grew 10% to $1.5 billion from $1.34 billion. Same-store sales rose 6.7%.

After opening its first stores in Alabama this month, tween and teen retailer Five Below is taking Kentucky off its expansion list next, with new stores there opening this week.

"Entering Louisville is an important next step as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're excited to serve new customers in this dynamic city. Kids and parents looking for a fun place to shop for trend-right, high quality products at a great value will surely enjoy Five Below."

CST Brands is celebrating the grand opening of a new distribution center that aims to fuel its ambitious expansion plan in Texas.

The new 365,000-square-foot warehouse will serve as the main distribution hub for food and merchandise for about 600 Corner Store locations across Texas.

Laval, Canada - Alimentation Couche-Tard Inc. is purchasing 21 stores, 151 dealer fuel supply agreements and five development properties through its Circle K Stores Inc. subsidiary from Cinco J Inc. The 21 stores and development properties are located in Texas, while the 151 dealer fuel supply agreements are located in the Texas, Mississippi and Louisiana.