Development/Redevelopment

Sarasota, Fla. – Bloomfield Hills, Mich.-based Taubman Centers and Sarasota, Fla.-based Benderson Development Co. announced the ground breaking on a $315-million, 880,000-sq.-ft. shopping center in Sarasota, Fla.

The Mall at University Town Center will be a two-level enclosed mall anchored by Saks Fifth Avenue, Dillard’s and Macy’s, and featuring more than 100 specialty stores and restaurants.

The Mall at University Town Center is scheduled to open in Oct. 2014.

Miami Beach, Fla.-based Savitar Realty Advisors has nearly completed its transformation of the legendary Lincoln Theatre in the heart of South Beach from a historic movie theater and symphony hall into a 35,000-sq.-ft. mixed-use building located on the pedestrian promenade known as the Lincoln Road Mall.

The modern retail establishment scheduled to open in November will house H&M’s 30,000-sq.-ft. flagship store as well as a number of other smaller tenants including Swatch, Sabon, 4D Gelato and 100 Montaditos, a Spanish tapas and sandwich style restaurant.

Milwaukee -- Mid-America Real Estate-Wisconsin announced the promotion of VPs Tony Colvin and Adam Dreier to principals.

Colvin joined Mid-America Real Estate as a broker associate in January 2001 and, too date, has brokered over 1.2 million sq. ft. of retail space for a total transaction value of over $186 million.  Dreier has been with Mid-America Real Estate since February 2002 as a broker associate.  To date, he has brokered over 1 million sq. ft. of retail space, for a total transaction value of over $212 million.

Franklin Township, N.J. -- Crossroads Cos., based in Mahwah, N.J., announced that three new Crossroads at Somerset lease agreements have rendered the retail Phase II component of the grocery-anchored neighborhood shopping center fully occupied.

Integrated Health, La Vida Massage and and Robert Wood Johnson University Hospital will join the 118,000-sq.-ft, mixed-use project, already tenanted by Verizon Wireless, My Tokyo Sushi, Let’s Yo Frozen Yogurt, Frank’s Pizza and Hair Cuttery.

Hollywood, Calif. – Four new tenants have opened at Hollywood & Highland Center – the retail, dining and entertainment venue located on Hollywood’s Walk of Fame. Mr. Koji’s, GNC, Sweet! Hollywood candy store and Kitson fashion boutique have all recently opened and will be joined by another group of impending openings.

Chilli Beans, a Brazilian sunglasses retailer, is slated to open on Oct. 31; L'Occitane will open on Nov. 1; Zinzi jewelry will open Dec. 1; and Cho Oishi will open its Japanese restaurant in Feb. 2013.

Waynesville, N.C. -- Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of its newest community center development, Waynesville Commons, a 127,500-sq.-ft. community center in Waynesville, N.C.  

Joining the existing Walmart, the 100% leased center is anchored by an 85,000-sq.-ft. Belk, Michaels and PetSmart, along with 11,000 sq. ft. of specialty stores including US Cellular and Rack Room Shoes.

General Growth Properties’ Fashion Place shopping center in Murray, Utah, celebrated “Fashion Place Day” on Oct. 15 to commemorate the mall’s 40-year history.

A 15-ft. Mall of Memories wall marked the occasion, and was accompanied by a mayoral declaration and a week of special offers, giveaways, retro fashion shows and a mall-wide birthday party honoring 40 kids affected by cancer.

“We think Fashion Place looks fabulous for being 40,” said Natalie Watson, Fashion Place senior marketing manager.

Peoria, Ill. -- Cullinan Properties Group, developer of the East Peoria (Ill.) Downtown development, said Friday that Ross Dress for Less will open a 25,000-sq.-ft. junior-anchor store at the mixed-use project, joining previously announced Target, Costco, Ulta and Gordman’s.

Red Robin Gourmet Burger will open a 4,001-sq.-ft. restaurant and dental chain Heartland Dental Care will open in a 2,700-sq.-ft. space.