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Development/Redevelopment

  • WP Realty, Angelo Gordon acquires Oak Park Commons

    South Plainfield, N.J. -- Bryn Mawr, Pa.-based WP Realty and Angelo, Gordon & Co. said that the pair has Oak Park Commons in South Plainfield, N.J.

    Oak Park Commons is a one-story, 136,939-sq.-ft. community shopping center anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional, and local tenants. It is currently 76% occupied.
     

  • LA Fitness to open first Rhode Island location at Garden City

    Cranston, R.I. -- Boston-based The Wilder Cos. said that LA Fitness will make its Rhode Island state debut at Garden City Center, located in Cranston.

    The 38,000-sq.-ft., two-level facility will be located next to Office Max; a former Borders will be demolished to make way for LA Fitness.

    Construction will begin in January 2013 with a late December 2013 or early 2014 opening set.

  • Englewood Construction completes two shopping center projects for General Growth and GK Development

    Chicago -- Englewood Construction has announced its interiors team recently completed work for General Growth Properties at Water Tower Place in Chicago, and for GK Development at the Peru Mall in Peru, Ill.

    In Chicago, Englewood Construction completed a 5,000-sq.-ft. space reconfiguration for landlord General Growth Properties at Water Tower Place on the iconic Magnificent Mile.  Shapiro Associates LTD. of Chicago served as the architect for the project.

  • Gap to make official freestanding debut in Mexico

    San Francisco -- Gap Inc. announced Friday that it will open its first standalone store in Mexico, part of the retailer’s previously announced global expansion strategy.

    The new store, to be located at Interlomas Mall outside Mexico City, expands on Gap’s store-in-store concepts in Liverpool Department stores in the region.

  • Nine West opens new retail concept

    New York -- Nine West has opened the first standalone store for its Vintage America Collection line. The store, in New York City’s SoHo neighborhood, reflects the modern bohemian ethos of the brand.

  • Gymboree Corp. narrows loss in Q2; on track to open 115 stores

    San Francisco -- The Gymboree Corp. reported Wednesday a loss of $14.1 million in the second quarter, compared with a loss of $6.9 million for the same period last year.
     
    Sales rose 3.8% to $268.8 million, from $259.0 million last year, and same-store sales dipped 1%.

    During fiscal 2012, the company reiterated its plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept.
     

  • Supervalu to close 60 underperforming stores

    Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.

    The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.

  • idX opens Mexico City office

    St. Louis -- idX Corp., a global retail solutions provider, has announced it has opened a Mexico City office. The office will provide regional project management for idX clients as they continue to expand into Mexico and Central America.
     
    Jimena Sotres has joined the firm as account executive, based in the Mexico City office.
     

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