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Development/Redevelopment

  • DRA Advisors acquires Streets of Brentwood

    Dallas -- SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Development out of Kansas City.

  • Soma Intimates opens at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said Monday that Soma Intimates recently opened at Willow Grove Park, in Willow Grove, Pa.

    The 2,369-sq.-ft. store will be joined by a newly formatted J.C. Penney opening this fall and featuring the retailer’s Shops format, along with the opening of accessory boutique Laila Rowe.

    Willow Grove Park is a three-level, 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, Macy’s, Sears and Nordstrom Rack.

     

  • Saks opens first Fifth Avenue store in Kazakhstan

    NEW YORK — Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

  • Frye Co. to unveil Boston flagship

    Boston -- Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay. It joins Frye’s only retail store in the Soho area of New York City.

    The 11,000-sq.-ft., three-level flagship store is slated to open spring 2013. It will reflect a fresh vision of Frye’s heritage and commitment to craft, and house specially designed areas showcasing the brand’s product.

  • Ikea to open store in Merriam, Kansas

    Conshohocken, Pa. -- Ikea announced it is submitting plans to the city of Merriam, Kansas, for a Kansas City-area store that would increase the Swedish retailer’s presence in the Midwestern United States.  

  • Cheeburger Cheeburger opens at New Britain Village Square

    Chalfont, Pa. -- Brixmor Property Group announced a 2,400-sq.-ft. Cheeburger Cheeburger recently opened at New Britain Village Square, located in Chalfont, Pa.

    Brixmor, which is based in New York City, is the owner of the New Britain Village Square shopping center.
     

  • Hull Storey Gibson acquires Mount Berry Square Mall

    Rome, Ga. -- Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

    The 476,778-sq.-ft. mall is anchored by Belk, J.C. Penney and Sears.

  • J.C. Penney opens new store, Cinemark Theatre starts construction at Monroeville Mall

    Monroeville, Pa. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that, on the heels of the grand opening of a 110,000-sq.-ft. J.C. Penney store, construction has commenced on a state-of-the-art 12-screen Cinemark Theatre.  Both are part of CBL’s redevelopment of Monroeville Mall, located near Pittsburgh in Monroeville, Pa.

    The grand opening for Cinemark Theatre is anticipated for late 2013.

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