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Development/Redevelopment

  • Cabela’s to open in Fort Mill, S.C.; plans 20 new stores in two years

    Sidney, Neb. – Cabela’s plans to open a new store in Fort Mill, S.C., a suburb of Charlotte, N.C. Construction on the 97,500-sq.-ft. store is scheduled to begin in 2014 and Cabela’s anticipates a spring 2015 opening.

  • Report: Tesco plans India supermarket entry

    Cheshunt, England – British supermarket and general merchandise retailer Tesco plc has reportedly applied to the Indian government for permission to buy a 50% stake in the Indian hypermarket chain Trent Hypermarket Ltd. According to Reuters, Tesco wants to open stores in western India and would become the first foreign retailer to open a supermarket in India.

  • Rite Aid gaining momentum for 2014

    Rite Aid modestly increased its full year sales forecast following the release of third quarter results and said it will aggressively expand its “Wellness” format as it looks to drive greater growth in 2014.

  • Sembler to redo St. Petersburg Publix center

    St. Petersburg, Fla. — The Sembler Company is redeveloping the Publix Shopping Center at 3700 4th Street North in St. Petersburg, Fla., on behalf of Publix Super Markets.

    Publix will close the store on Dec. 28 to begin the redevelopment of the 50,600-sq.-ft. grocery store and associated liquor store. Improvements will include the construction of new buildings, new landscaping and parking areas. Publix expects to re-open in its new buildings in late 2014.

  • Starwood acquires seven retail centers in Sweden

    London — Starwood Capital Group has acquired seven retail parks and shopping gallerias in Sweden for SEK 3.9 billion, according to CBRE, Starwood’s adviser on the transaction. Kooperativa Forbundet, a Swedish retail group, was the seller.

  • PREIT finances one mall, pays off another

    Philadelphia — Pennsylvania Real Estate Investment Trust has completed the financing of Wyoming Valley Mall in Wilkes-Barre, Pa., and used a portion of the proceeds to repay the mortgage loan balance on Beaver Valley Mall in Monaca, Pa., without penalty.

    The new 10-year, non-recourse loan on Wyoming Valley Mall totals $78 million and replaces a $65 million loan that was repaid in September. The transaction produced proceeds of $13 million. The interest rate on the new mortgage is 5.17%, a decrease of 68 basis points from the previous rate.

  • Report: Whole Foods sees potential for 1,200 U.S. stores

    New York -- Whole Foods Market sees the potential to expand to 1,200 stores throughout the United States, which is nearly three times the number of locations it currently operates worldwide, the company’s co-chief executives co-CEOs John Mackey and Walter Robb said in an interview on CNBC on Tuesday.

  • Victoria’s Secret, Hudson Group partner on store at JFK terminal; more expected in 2014

    East Rutherford, N.J. -- In partnership with travel retailer Hudson Group, leading lingerie and beauty retailer Victoria's Secret has opened a new Beauty & Accessories store in John F. Kennedy International Airport's Terminal 4. The new store will focus on a range of beauty products and accessories.

  • Jared opens 200th store

    Akron, Ohio -- Jared The Galleria Of Jewelry officially opened its 200th location in Carle Place, N.Y., at the Carle Place Commons Center. The store includes a complementary refreshment area, a children’s play area and a full-service custom jewelry design and repair center, which will custom mount, clean and repair most jewelry.

  • Whole Foods ups U.S. growth outlook

    Faced with unwavering demand for its brand of food retailing and an abundance of potential locations, Whole Foods executives on Tuesday increased their forecast for U.S. store growth to 1,200 locations from 1,000.

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