Skip to main content

Development/Redevelopment

  • Saks opens in Kazakhstan

    New York -- Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

  • LA Fitness leases 43,000 sq. ft. at Metro Center Atrium

    Bronx, N.Y. -- Simone Development Cos. announced that LA Fitness will open a 43,000-sq.-ft. facility at Metro Center Atrium, a new 370,000-sq.-ft. mixed-use project in the Pelham Bay section of the Bronx in New York.

    The office, retail and hotel complex is the latest phase in Simone Development’s 42-acre, multi-building Hutchinson Metro Center campus.

    LA Fitness’s new gym is slated to open November 2013, and will join a newly announced Residence Inn-branded hotel at Metro Center Atrium.

  • Buffalo Wild Wings, PetSmart to open at Rochester Crossing

    Rochester, N.H. -- Boston-based The Wilder Cos. said that Buffalo Wild Wings opened on Sept. 30 at Rochester Crossing, in Rochester, N.H., and will be joined by a 12,157-sq.-ft. PetSmart store in spring 2013.

    Wilder Cos. is the owner and manager of the 304,500-sq.-ft. Rochester Crossing, which features Kohl’s, Lowe’s, Jo-Ann Fabric and Craft, Famous Footwear, GameStop and Tropical Smoothie.

     

  • DDR completes $2.1 billion of strategic transactions year to date

    Beachwood, Ohio -- DDR Corp. announced Monday the acquisition of $328 million of prime assets and the disposition of $12 million of non-prime assets during the quarter.

    Year to date, the company closed $2 billion of acquisitions, including the joint venture with Blackstone's flagship real estate fund, and disposed of $137 million of non-prime assets.

    As of the third quarter, DDR said it has raised gross common equity capital of $435 million through the issuance of 31.7 million new common shares to fund investments and lower leverage.

  • Construction spending drops between July and August, but ahead of last year

    New York -- Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.

  • Lime Fresh Mexican Grill to open at Penn Quarter

    Washington, D.C. -- Douglas Development announced that Lime Fresh Mexican Grill will open a 2,000-sq.-ft. restaurant in the Douglas Development-owned property at 726 7th Street in Penn Quarter.

    The space is currently occupied by Potbelly Sandwich Works and is scheduled to open as Lime Fresh Mexican Grill in mid-2013.
     

     

  • 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.

     

X
This ad will auto-close in 10 seconds