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Development/Redevelopment

  • WP Realty, Angelo Gordon acquires Oak Park Commons

    South Plainfield, N.J. -- Bryn Mawr, Pa.-based WP Realty and Angelo, Gordon & Co. said that the pair has Oak Park Commons in South Plainfield, N.J.

    Oak Park Commons is a one-story, 136,939-sq.-ft. community shopping center anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional, and local tenants. It is currently 76% occupied.
     

  • Nine West opens new retail concept

    New York -- Nine West has opened the first standalone store for its Vintage America Collection line. The store, in New York City’s SoHo neighborhood, reflects the modern bohemian ethos of the brand.

  • Gap to make official freestanding debut in Mexico

    San Francisco -- Gap Inc. announced Friday that it will open its first standalone store in Mexico, part of the retailer’s previously announced global expansion strategy.

    The new store, to be located at Interlomas Mall outside Mexico City, expands on Gap’s store-in-store concepts in Liverpool Department stores in the region.

  • Supervalu to shutter 60 stores

    MINNEAPOLIS — Supervalu is closing approximately 60 stores as the company moves forward with its turnaround plans. The company will shutter 38 stores in its retail food reporting segment and 22 Save-A-Lot locations. The majority of the stores are expected to close before Dec. 1, the end of the company’s fiscal 2013 third quarter.

  • idX opens Mexico City office

    St. Louis -- idX Corp., a global retail solutions provider, has announced it has opened a Mexico City office. The office will provide regional project management for idX clients as they continue to expand into Mexico and Central America.
     
    Jimena Sotres has joined the firm as account executive, based in the Mexico City office.
     

  • Piperlime makes retail debut in SoHo

    New York -- Gap Inc.’s Piperlime banner has opened its first full-scale retail location -- at 121 Wooster St. in the SoHo neighborhood of New York City.

    "We are thrilled to be celebrating the opening of our first Piperlime store today in SoHo," said Jennifer Gosselin, senior VP and general manager of Piperlime. "

    The new 4,000-sq.-ft. store is styled as a boutique and features trend vignettes, as well as in-store kiosks that provide shoppers access to piperlime.com products.

  • Gymboree Corp. narrows loss in Q2; on track to open 115 stores

    San Francisco -- The Gymboree Corp. reported Wednesday a loss of $14.1 million in the second quarter, compared with a loss of $6.9 million for the same period last year.
     
    Sales rose 3.8% to $268.8 million, from $259.0 million last year, and same-store sales dipped 1%.

    During fiscal 2012, the company reiterated its plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept.
     

  • Supervalu to close 60 underperforming stores

    Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.

    The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.

  • Lowe's, Habitat for Humanity celebrate Hispanic Heritage Month

    DALLAS — Habitat for Humanity and Lowe’s are joining together to celebrate National Hispanic Heritage Month with two large construction projects that will bring together Lowe’s Heroes, community organizations, schools and local VIPS to celebrate Hispanic heritage while building strong foundations for the future in partnership with Dallas and Houston families. The project includes building two new homes and completing critical repairs on three existing homes in partnership with low-income families.

  • Nordstrom to open two full-line stores

    Seattle -- Nordstrom said Tuesday it will open two new full-line stores – one in Jacksonville, Fla., and the other in Woodlands, Texas.
     
    The Florida store will open at St. Johns Town Center, a Simon Property and Ben Carter-owned shopping center. The 124,000-sq.-ft. store will be two levels and is expected to open in fall 2014.

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