Development/Redevelopment

The iconic Los Angeles intersection of Sunset and Vine is the location of a new flagship store Walgreens has designated as its 8,000th unit.

Indianapolis -- Simon Property Group Tanger Factory Outlet Centers announced Wednesday a joint venture to develop two new upscale outlet centers in Charlotte, N.C., and Columbus, Ohio.

Las Vegas -- Tatyana Designs opened its first Bettie Page store in New York City, in Manhattan’s Bowery neighborhood. The iconic area has recently become a flashpoint for cutting edge, fashion forward designers.

"It's perfect for our brand," noted Tatyana Designs co-CEO Jan Glaser. “This is the perfect place for our first store in NYC."

The new store is the company’s 11th retail location to date.

Greensboro, N.C. -- Tanger Factory Outlet Centers and Peterson Companies announced that construction has commenced on Tanger Outlets National Harbor, located in the National Harbor, the Washington, D.C., area's premier waterfront resort destination.

Developed by Peterson Companies, National Harbor comprises 350 acres of prime real estate along the scenic Potomac River in Prince George's County, Md. Tanger Outlets National Harbor will feature approximately 80 leading brand name and designer outlet stores.

New York -- J. Crew Group reported Thursday that net income for the third quarter rose to $33.2 million, from $21.6 million in the prior year.

Revenues increased 16% to $555.8 million, and same-store sales increased 10%.

Seattle -- Nordstrom announced plans to open a store at Mayfair, in Wauwatosa, Wis., the largest mixed-use shopping center in the state. Scheduled to open in 2015, it will be the retailer’s first full-line store in the greater Milwaukee area. Mayfair is owned by General Growth Properties.

The company plans to open an approximately 140,000-sq.-ft., three-level store. Nordstrom will join Macy's, Boston Store, Crate & Barrel and the Apple Store at Mayfair.

Laguna Hills, Calif. -- Vintage Real Estate announced that The Fresh Market will open at its neighborhood shopping center The Village at Nellie Gail Ranch in Laguna Hills, Calif., which is undergoing a $17 million renovation and expansion.  

The gourmet grocer will open a 21,000-sq.-ft. store in summer 2014.

The expansion and renovation of Village at Nellie Gail Ranch includes new facades, storefronts, refreshed landscaping and outdoor gathering spots. With the expansion, the center will total approximately 100,000 sq. ft.

New York -- Ann Inc. on Wednesday reported net income was $40.7 million in the third quarter of 2012, versus $32.3 million in third quarter 2011. The company also increased its outlook for the full year of fiscal 2012.

Total net sales for quarter were $612.5 million, compared $564.0 million in the year-ago period. By brand, net sales across all channels of the Ann Taylor brand totaled $244.6 million compared with net sales of $229.7 last year At the Loft brand, net sales across all channels were $368.0 million, compared with $334.3 million last year.