Development/Redevelopment

New York -- Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffany’s first wholly owned retail business in Russia, and is expected to open in the first quarter of 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive VP Tiffany & Co.

New York -- Macy’s on Friday announced the second phase of the four-year renovation of its Herald Square flagship in New York City. 

The project will include the completion of the main, mezzanine and second floors of the store bridging both the Broadway and Seventh Ave. buildings by holiday 2013. 

New York -- Jamen Shively, a former Microsoft corporate strategy manager, announced plans to invest $100 million over the next three years in a national chain of marijuana stores. The stores would sell both medical-use and adult-use (recreational) cannabis. Shively is now CEO of San Diego-based Diego Pellicer, which describes itself as the first legal premium marijuana retailer in the United States.

BLOOMINGDALE, Ill. -- Bridgestone Retail Operations (BSRO) continues to grow its network of tire and automotive service centers across the United States, with a projected total of 45 new retail locations this year. The company currently owns and operates a total of 2,222 stores.

CINCINNATI — Macy’s plans to open its second store in Puerto Rico in fall 2015.

The two-level, 150,000-sq.-ft. store will be located in the Plaza Del Caribe mall in Ponce. Construction is slated to begin next year and the store is expected to employ 275 associates.

NEW YORK — Costco Wholesale Corp. is looking to open approximately 150 locations over the next five years, CFO Richard Galanti said on the company’s quarterly conference call with investors.

“And if we get a little better than that, great,” he added. “But that’s certainly a good starting point given where we’ve come over the last few years.”

Of the total, about 55 of the new units would be in the United States, with the rest located in Canada or foreign markets.

San Francisco -- Parent company Williams-Sonoma said that its PBteen banner will open its first store in southern California, at The Oaks Mall in Thousand Oaks on Saturday, June 1.
 
The store will be anchored around a PBteen Design Lab, where teens and their parents can engage with the brand and its products by digitally creating a personalized room on a computer monitor. Using drag and drop technology, teens can experiment with different room configurations and color combinations and see it come to life on a television screen overhead.

Queens, N.Y. -- South Korean skin care brand Amore has opened a 1,600-sq.-ft. store at The Shops at SkyView Center. The new store, which grand-opened on May 24, is located on Level B and joins Restoration Hardware Outlet, Target, Carter’s, BJ’s Wholesale Club, Marshall’s, Old Navy, Bed Bath & Beyond and Best Buy, among others.

Dallas -- SRS Real Estate Partners said that Townsand Cropsey has joined the firm as senior associate in the Newport Beach office.

Cropsey will focus on tenant representation and investment services.



The company also announced that Katie Carlisle has been named an associate in the Austin office. Carlisle is actively involved in project leasing and tenant representation with a focus on development. She comes to SRS from The Retail Connection.