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Development/Redevelopment

  • RMC acquires a Palm Harbor, Fla., shopping center

    Tampa, Fla. — RMC Property Group has acquired a 60,000-sq.-ft. shopping center in Palm Harbor, Fla., for $6.75 million, or $112 per square foot. It is located at the intersection of U.S. Highway 19 and Nebraska Avenue.

    Anchor retailer Office Depot leases 100% of the center, which was built in 1997.

  • PetSmart to open 70 stores

    New York -- PetSmart plans to open some 70 net new stores, including approximately 50 of its standard prototypes, 20 micro stores and three PetsHotels, this year.  

    News of the expansion comes in conjunction with the retailer’s fourth quarter results. Net income increased 14% to $132 million in the quarter, compared to $115 million in the year-ago period,

    Net sales increased 2.9% to $1.8 billion. Same-store sales, including Internet sales, grew 1.2%.  

  • Trademark to manage and lease Highland Village, Texas, Center

    Fort Worth, Texas — Trademark Property Co. will oversee management, retail leasing and redevelopment analysis for The Shops at Highland Village, a 351,631-sq.-ft. open-air retail center in Highland Village, Texas, serving affluent communities in southern Denton County.

  • Corner Bakery Café to enter Indianapolis

    Dallas -- Corner Bakery Café has signed a new multi-unit development agreement to open its first restaurants in Indianapolis beginning later this year and the remaining sites over the next six years.

  • Dunkin' Donuts signs deal for 46 locations in South California

    Canton, Mass. - Dunkin' Donuts has signed a multi-unit store development agreement with existing franchise group, Sizzling Donuts LLC for 46 new restaurants throughout the greater Sacramento, Calif., metro area and surrounding cities of Stockton, Modesto, Tracy, Manteca, Placerville and Davis, Calif.   

  • Top 10 states for green building

    Washington -- Illinois tops the United States Green Building Council’s ranking of the Top 10 States for LEED-certified construction for last year. The list highlights the regions around the country that are at the forefront of sustainable building design and transformation.

    The per-capita list includes commercial and institutional green building projects that were certified throughout 2013.

  • Sprouts Farmers Market, Athleta among brands in expansion mode

    New York -- Phoenix-based Sprouts Farmers Markets Inc. is expanding. The natural-foods supermarket chain expects to open 22 to 24 stores in fiscal 2014, including five locations in the Atlanta area.

    Sprouts currently operates more than 165 locations in eight states.

    Meanwhile, Gap Inc. continues to expand its newest banner, Athleta, with about 30 additional U.S. stores on tap for fiscal year 2014.

    In more store expansion news:

  • ChainLinks: Planned unit growth up over last year

    New York -- Retail expansion in the United States has not come to an end, but its focus has shifted. That’s one of the findings contained in the 2014 ChainLinks Retail Advisors U.S. National Retail Investment Forecast Report.

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