Development/Redevelopment

New York - Fairway Group Holdings Corp., the parent company of grocery chain Fairway Market, will open a 53,000-sq.-ft. store in the DSW Plaza at 4000 Middle Country Road in Lake Grove Long Island, N.Y., in spring 2014.
 
The new store will be the first Fairway Market location in Suffolk County on Long Island and the 15th food store in the tri-state New York, New Jersey and Connecticut region.

 

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New York -- Saks Fifth Avenue Off 5th plans to open a second store in Orlando, Fla., on Oct. 3. On the same date, the retailer plans to open its newly relocated store at Potomac Mills in Woodridge, Va.

Bentonville, Ark. -- Sam's Club will open its newest club at 460 S. Weber Road in Romeoville, Ill., on Oct. 3. The Romeoville club will become the 21st Sam's Club in the Chicago area.

New York -- Masayoshi Son, billionaire founder of tech/telecom company SoftBank Corp., has reportedly won bidding for the Tiffany Building in the Ginza shopping district of Tokyo. According to Forbes, Son paid about $36 million for the 10-story glass building.

The Tiffany Building houses the flagship Japanese store of Tiffany & Co. Son did not comment on why he bought the building.

 

New York -- The Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

The retailer, which operator of 62 stores in 22 states with annual sales of $702 million,  said it sees the potential for  c as many as 300 U.S. Locations,  with international growth also a possibility. It expects to open six stores during the current fiscal year and seven stores next year.

Thibodaux, La. -- Southern grocery store operator Rouses Markets will take ownership of six former Belle Foods stores in Alabama from Associated Wholesale Grocers (AWG), a retail-owner cooperative of which Rouses Markets is a member. AWG and its group of grocers and operators submitted the winning bid last week at the Belle Foods bankruptcy auction in Birmingham.

This is Rouses Markets' first expansion into Alabama. The company currently operates 38 stores in Louisiana and Mississippi. Three new stores in Louisiana were also recently announced.

CHESTER, Pa. -- Fare & Square, the nation's first nonprofit grocery store of its kind, opened in Chester, Pa. It is the first full service grocery store to open in Chester, a “food desert” area, since 2001.

Fare & Square will sell a full array of food with a focus on fresh products in a 16,000 sq. ft. store with six departments including produce, deli, fresh meat, seafood, dairy, frozen and dry goods featuring brand name and private labels.   

Davenport, Iowa -- Von Maur Department Stores will open its 29th store at Riverchase Galleria Mall in Hoover, Ala., on Nov. 2. Located just outside of Birmingham, Ala., the three-level, 185,000-sq.-ft. store will be the company's first location in Alabama and will become one of Von Maur's largest stores in the country.

San Jose, Calif. – Chuck E. Cheese’s has signed a long-term lease renewal and expansion of roughly 2,126 sq. ft. for a total of about 16,158 sq. ft. at Kendall Village Center in Kendall, Fla. To accommodate this expansion, Berkowitz Realty Group had to relocate accessory retailer Claire’s within the center.