Development/Redevelopment

New York -- Triple Five Group,  the company that owns and manages the nation’s largest shopping center, Mall of America in Bloomington, Minn., and the largest one in North America, West Edmonton Mall, Alberta (Canada), is looking to build its largest center yet. The company has proposed a sprawling mega-mall and entertainment destination near Miami Lakes in Northwest Miami-Dade County. As outlined in an article in the Miami Herald, the project would include a Legoland and an indoor ski slope.

New York -- New concepts remain the lifeblood of retail. Here are four currently in the works:

1. Ice hockey equipment manufacturer Bauer Hockey is throwing its puck in the retail arena. The company will open its first-ever store this summer, in the Boston suburb of Burlington, Massachusetts, followed by a second location in the fall, in the Minneapolis area.

Baltimore -- Under Armour has opened its largest store to date, on Michigan Avenue in Chicago. With nearly 30,000 sq. ft. of retail space, the store is designed to provide an immersive and interactive brand experience.  It features the latest in video and digital technology, and also includes a section dedicated to wearable fitness devices.  And for a local feel, a large wall is covered in ivy, inspired by the Wrigley Field ivy.
 

Neiman Marcus got a boost in the second quarter from its October purchase of mytheresa.com, a German luxury e-retailer.

For the 13 weeks ended Jan. 31, the company reported a profit of $27.8 million, compared with a year-earlier loss of $84 million. Revenue grew to $1.52 billion from $1.43 billion in the prior-year period. Sales at stores open more than a year and online rose 5.6%.

Philadelphia -- Tween and teen retailer Five Below will open three stores in Alabama, its first ever in the state, on March 13.

The stores, which average 7,500 sq.-ft. each, are located in Huntsville, Florence and Gadsden.

"Entering Alabama 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 open the first of what we hope to be many stores in this great state.”  

Seattle -- Nordstrom will open a full-line store in the new regional shopping center being developed by General Growth Properties in Norwalk, Connecticut.  

The three-level, 150,000-sq.-ft. store is scheduled to open in fall 2018 and will be the company's second full-line store in the state. The company opened its first Nordstrom in Connecticut in 1997 near Hartford at Westfarms Mall in Farmington.

Jackson, Miss. – Newk’s Eatery is entering the San Antonio, Texas area as part of a broader expansion plan that includes 30 new franchise and corporate stores in 2015. The fast-casual dining chain has signed a franchise agreement with Stephen Kuehler, who will lead the chain's expansion into the San Antonio area.