Development/Redevelopment

New York -- Macy’s January announcement that it would close some stores in 2013 seems to have generated a disproportionate amount of scrutiny. Is it business as usual for the department store retailer, or is the news representative of something more far-reaching?  

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Orlando, Fla. -- Architects Cuhaci & Peterson said Monday they have completed a new design for Publix Supermarket, unveiled at its new store in the Lake Nona Plaza in Southeast Orlando, Fla.   

Total square footage for the supermarket is 54,000 sq. ft., and there is another 23,000 sq. ft. ready for build-out that will eventually accommodate retail shops at the center.

Miami Beach, Fla. -- Terranova Corp. said Friday that Epicure Gourmet Market & Cafe will open a 24,000-sq.-ft., ground-floor location at Gables Ponce, a mixed-use project located in Coral Gables, Fla.
 
Epicure, based in Miami Beach, will anchor the ground-floor retail of the 248-unit residential project being built by Gables Urban.
 

By Jonathan Lapat and Jason Baker, [email protected], [email protected]

San Jose, Calif. -- Sandwich chain Togo's Eateries Inc. announced Monday it is in development on 30 new Togo’s units, as the company executed as many franchise agreements in 2012 in order to add to its West Coast presence.

Urban Outfitters brings its urban style and eclectic stylings to the heart of suburbia,  opening a location in the upscale and shopper-friendly  town of Westfield, N.J. The three-story store spans over 12,000 sq. ft. and is located in a decades-old building that formerly housed a bank, but had been vacant for 25 years. The building was revamped, but the integrity of the original design remains intact.

Canton, Mass. -- Dunkin’ Donuts announced that in 2013 it plans to open 330 to 360 net new restaurants in the United States with growth coming from both new and existing markets, for an increase of 4.5% to 5%. The company also announced that it is expanding to Southern California as part of its long-term goal of having more than 15,000 Dunkin' Donuts restaurants in the United States alone.  
 

PHILADELPHIA — Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.

New York -- Delhaize Group announced that it would close 33 under-performing Sweetbay stores in Florida by mid-February. The shutterings, which are part of a broader reorganization plan, amount to about one-third of the chain.

“While these decisions are difficult, especially given the impact on our associates, customers and communities, these actions will continue to enhance the performance of our overall store portfolio and further enable us to deliver profitable growth and accelerate shareholder value,” the company said in a statement.

Philadelphia — Specialty value retailer Five Below's fourth quarter total sales for the period from October 28, 2012 through January 12, 2013 increased 34% to $158.5 million, while comparable store sales for the same period increased 4.2%.
 
Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.