Development/Redevelopment

New York -- A Tuesday report by Bloomberg said that J.C. Penney has an additional plan to raise money; the retailer is said to be considering a spinoff of its real-estate holdings into a new unit that could issue debt.

Citing two unidentified sources, Bloomberg said Penney is also considering selling its real estate and then leasing it back as another avenue to free up money. And other assets, such as inventory, could be collateralized.

Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Haven Riverfront Restaurant & Bar will open a 6,500-sq.-ft. location at Edgewater Harbor, in Edgewater, N.J.

The new restaurant, opening in June, becomes the latest eatery to join the dining component at the mixed-use development on Hudson County’s Gold Coast, according to Levin, the exclusive retail leasing agent for the property.

Perryville, Md. -- Ikea said Tuesday it has plugged-in the solar energy system installed at its distribution center in Perryville, Md.
 
The 768,972-sq.-ft. PV array consists of a 2,674.9-kW system, built with 18,576 panels, and is the state’s largest rooftop array.

The Ikea distribution center will produce approximately 3,397,178 kWh of clean electricity annually, the equivalent of reducing 2,397 tons of carbon dioxide, eliminating the emissions of 499 cars or powering 359 homes yearly.  
 

Tiffany & Co.’s dazzling jewel box in downtown Manhattan’s SoHo neighborhood captures the retailer’s signature elegant feel and  heritage of craftsmanship. The interiors of the 7,000-sq.-ft. store, the jeweler's third outpost in New York City, were designed by select artisans who put their own spin on some traditional Tiffany design motifs.

San Diego -- Sony Electronics is revving up its retail expansion, opening the doors to three newly remodeled Sony Stores and several brand new Sony Gallery experiences during the past few months. The company also unveiled a smaller-store format called Sony Gallery.

Following the debut of the redesigned Sony Store in the Simon Mall Stanford Shopping Center in Palo Alto, Calif., Sony announced it will open three new concept stores located in Miami, San Diego, and Orlando, Fla. The remodels will bring the total of U.S. redesigned stores to eight.

SAN DIEGO — Sony Electronics is expanding its retail footprint by opening three newly remodeled Sony Stores and several brand new Sony Gallery experiences. The company also unveiled a smaller-store format called Sony Gallery.

Following the debut of the redesigned Sony Store in the Simon Mall Stanford Shopping Center in Palo Alto, Calif., Sony announced it will open three new concept stores located in Miami, San Diego, and Orlando, Fla. The remodels will bring the total of U.S. redesigned stores to eight.

New York -- Apple has tapped Foster + Partners to refresh its store design, according to a report by Marketing.

The London-based architectural company has a history with Apple. It was hired by the late Steve Jobs to help design and create Apple’s new UFO-styled corporate headquarters, which is still under construction.

New York -- Apple has tapped Foster + Partners to refresh its store design, according to a report by Marketing.

The London-based architectural company has a history with Apple. It was hired by the late Steve Jobs to help design and create Apple’s new UFO-styled corporate headquarters, which is still under construction.