Development/Redevelopment

St. Pau, Minnesota - Paster Properties and Bader Development announced that the City of Minnetonka City Council has approved the development of a six-story, 155,000-sq.-ft., mixed-use development at 1730 Plymouth Road, Minnetonka, Minnesota.   

Chicago - Top commercial construction trends for 2015 include an increase in retail and restaurant ground-up construction and a rise in shopping mall renovations, according to national general construction firm Englewood Construction.  

Baton Rouge, Louisiana - A new south Louisiana mixed-use development will introduce Alamo Drafthouse Cinema to the state, as architectural firm KTGY Group and developer JTS announce the development of Rouzan Village, the retail center of Baton Rouge master-planned residential community Rouzan.  

New York City - The International Council of Shopping Centers has named 12 shopping centers as winners of its 2014 U.S. Design and Development Awards competition.  ICSC’s U.S. Design and Development Awards are designed to recognize outstanding projects for excellence in the creation of new retail projects, and in the expansion or redevelopment of existing projects, solely within the continental United States.   

Dallas - For the first time since its founding in 1989, affiliated Dallas-based commercial real estate services firms The Weitzman Group and Cencor Realty Services has a new chief executive.    Marshall Mills, previously the firm’s COO, has been promoted to CEO.  He takes the reins from company founder and longtime CEO, Herbert D. Weitzman, who will now serve as executive chairman of the statewide retail-focused commercial real estate services firm.  

Janesville, Wisconsin - CBL & Associates Properties announced that DICK'S Sporting Goods and ULTA Beauty are coming to Janesville Mall in Janesville, Wisconsin. The two new stores will be situated in the former JC Penney location. Construction is expected to begin in January with the grand opening for both stores scheduled for fall 2015.  

North Shore, Long Island, New York - Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, of Douglas Elliman's Retail Group are the exclusive leasing and marketing team for the newly named Krypell Plaza at 15 Northern Boulevard, a two-building retail center being completed at the corner of Glen Cove Road.  The center will be anchored by international jewelry designer Charles Krypell in a multi-level location.  

St. Petersburg, Florida - The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners III investment fund, have recently purchased two shopping centers:  Causeway Shopping Center in Indian Harbour Beach, Florida, and Springdale Shopping Center in Austin, Texas.     FREP now owns five shopping centers, and the joint venture is actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast.    

Ridgefield, Conn. - Moviegoers are still enjoying the big-screen entertainment at the AMC Theaters in Levittown, New York, even as Schimenti Construction is renovating the ten-theater complex.  The company’s first project with AMC, it will be completed in January 2015, in just 95 calendar days from start to finish.  

CONSHOHOCKEN, Pa. - Ikea hasa proposed plans for a possible store in the city of Memphis, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state.    The potential store could open as early as fall 2016 and is contingent upon receiving all governmental approvals.