Development/Redevelopment

Salt Lake City - The Howard Hughes Corporation (HHC) and Smith’s Food & Drug are planning a 78,000-sq.-ft.food and drug store in Holladay, Utah. The 57-acre mixed-use Cottonwood development, located eight miles from downtown Salt Lake Cit, will feature upscale shopping, dining, entertainment and offices in a “Town Square” style setting as well as multi-family residences when complete.

Sidney, Neb. -- Cabela’s Incorporated announced today plans to open a store in Calgary, Alberta. Construction is scheduled to begin later this year, with a fall 2015 opening.

The 70,000-sq.-ft. store will be located adjacent the Deerfoot Mall, which is currently under plan review as an open air shopping center redevelopment project.

It will be Cabela’s third location in Alberta, joining two locations in Edmonton, which opened in 2011 and May of this year.

New York - Retail developer MarketPlace Development announced that the food and stores at LaGuardia Airport's Terminal B will receive a major overhaul in 2014. With a new terminal slated to start construction in 2015, the redevelopment will provide upgrades for the existing aging terminal, including new shops and restaurants, enhanced amenities and infrastructure upgrades for HVAC and escalators in the food courts.

Canton, Mass. - Dunkin' Donuts has signed a multi-unit store development agreement with new franchisees Wendover Donuts LLC to develop five restaurants in North and South Greensboro, North Carolina. The locations will incorporate traditional and combination unit development with sister brand, Baskin-Robbins, with the first store planned to open in 2015.

Katy, Texas - Academy Sports + Outdoors announced a third planned Louisville-area store, in Elizabethtown, Kentucky, scheduled to open in 2015. Academy previously announced stores opening in Louisville and Middletown, which will both open prior to the 2014 holiday season.

All three locations were developed in partnership with GBT Realty Corporation. Academy Sports + Outdoors also announced new multi-year partnerships with both the University of Louisville Cardinals and also the University of Kentucky Wildcats.

Virginia Beach, Va. - Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach. Twist Martini will operate a full-menu, dine-in restaurant including a martini bar, a cigar club, an outside patio area and a private lounge on the second floor. 

Birmingham, Mich. – A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015. According to the Macomb Daily News, the development, called “The Forefront,” will be located in the Principal shopping district and feature retail stores on the first floor and 11 luxury condos on the second and third floors.

The development will be built on the site of an existing building, which will be demolished.
 

By Jason Baker and Kenneth Katz, co-founders and principals, Baker Katz