Development/Redevelopment

Covington, La. — Stirling Properties has announced the development of a new full-service Walgreens drug store in Metairie, La., in the Barlon Plaza Shopping Center. The new store will be a ground-up relocation of an existing Walgreens currently within the center.

At 14,000 sq. ft., the larger store will feature a drive thru window and full-service pharmacy.

Fort Worth, Texas — The Fresh Market and Grimaldi’s Coal Brick-Oven Pizzeria will open locations at WestBend, a mixed-use development in Fort Worth, Texas, owned by Trademark Property Co.

Hong Kong -- Coach announced that it has retained Studio Sofield, led by designer and president William Sofield, as creative advisor in the development of the company's next generation retail concept.

The new concept will be unveiled in fall 2014, with the company's 4,000-sq.-ft. flagship in Beverly Hills, Calif., followed by the Coach store at the Time Warner Center in New York City (5,335 sq. ft.).

Walnut Creek, Calif. — John Cumbelich & Associates, a San Francisco Bay Area-based commercial real estate firm, has announced the sale of 1280 Willow Pass, a 73,167-sq.-ft. shopping center in Concord, Calif.

X Team International partner, John Cumbelich & Associates, represented both the buyer and the seller in the transaction, which attracted multiple offers.

Dallas -- Corner Bakery Café has signed a new multi-unit development agreement with Holm Bake, LLC, headquartered in Winter Park, Fla., which plans to open its first of 17 restaurants in the Orlando, Fla., area next year and the remaining sites over the following six years.

Minneapolis — Twin Cities’ fashion retailer “Len” has renewed its lease at Minneapolis City Center with a seven-year commitment. The existing 7,196-sq.-ft. store is the retailer’s only downtown location following the consolidation of several brands and stores over the last six months. The chain operates five more locations in Minnesota and one in Illinois.

Minneapolis City Center is the two-story retail portion of a 1.6 million mixed-use property owned by Shorenstein Properties LLC.

By Scott Klatsky, director of retail leasing, Time Equities, Inc.

New York City is the world’s retail hub — and within the city are major opportunities for retail expansion.

In fact, Time Equities, Inc., has availabilities all over Manhattan — from Greenwich Village/NYU to Midtown to Upper West Side to Tribeca to Financial District ... even Brooklyn Heights.

Atlanta -- PGA Tour Superstores announced three new store openings in 2014 and an ambitious growth strategy that will more than double its current retail footprint,  adding one million square feet of new golf retail space over the next five years.

As part of its growth plan, the mega-golf retailer will open new interactive retail experience stores this fall in Orlando, Florida; North Scottsdale, Arizona; and Southlake, Texas.