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Development/Redevelopment

  • Nordstrom to open two full-line stores

    Seattle -- Nordstrom said Tuesday it will open two new full-line stores – one in Jacksonville, Fla., and the other in Woodlands, Texas.
     
    The Florida store will open at St. Johns Town Center, a Simon Property and Ben Carter-owned shopping center. The 124,000-sq.-ft. store will be two levels and is expected to open in fall 2014.

  • Nordstrom opens Rack store in Back Bay area

    Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

    The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.
     

  • Zumiez profit dips in Q2; on track to open 50 stores in 2012

    Lynnwood, Wash. -- Zumiez Inc. reported Thursday that net income for the quarter ended July 28 slipped to $2.1 million, from $2.6 million in the year-ago period, largely due to costs associated with its acquisition of Blue Tomato.

    Revenue surged 20.4% to $135.1 million from $112.2 million, which includes contributions from Blue Tomato. Same-store sales increased 9.5%.

    The company said it is on track to open 50 new stores in fiscal 2012, including up to 10 stores in Canada.
     

  • Wal-Mart’s new Oregon store to have state’s largest green roof

    Bentonville, Ark. -- Wal-Mart Stores said Friday that its new store in Portland, Ore., will feature the state’s largest green roof.

    According to a report by Oregon’s Daily Journal of Commerce, the 90,000-sq.-ft. store, which broke ground Friday in North Portland, will be topped by a 40,600-sq.-ft. green roof, surpassing by more than 10,000 sq. ft. the current largest green roof over the Ramona apartment complex in Portland.

  • Massage Envy to open at Cobblestone Plaza

    Pembroke Pines, Fla. -- Indianapolis-based, Kite Realty Group said that Massage Envy has leased 4,066 sq. ft. at Cobblestone Plaza, located in Pembroke Pines, Fla. 

    Kite Realty Group represented the landlord, KRG CREC/KS Pembroke Pines, LLC.

    Cobblestone Plaza is anchored by Whole Foods, All Pets Emporium and Party City. The center sites on approximately 22 acres with 140,452 sq. ft. of retail space.
     

  • Macy’s Herald Square renovation debuts Herald Square Café

    New York -- As part of its landmark, multi-year, $400 million dollar renovation of Macy’s Herald Square, the department store retailer debuts the Herald Square Café this week.

    Located on the second floor with the shoe department, the 1,434-sq.-ft., 45,-seat café will serve Starbucks coffees, chocolates and high-end champagnes.

  • SRS names VP

    Dallas -- SRS Real Estate Partners said that Scott Tiernan has joined the company as VP in the Atlanta office.

    Tiernan is charged with helping single-tenant building retailers and restaurateurs expand through leveraging the capabilities of SRS and Cypress Equities. Tiernan previously worked for O'Leary Partners in Atlanta.


     

  • Report: Whole Foods Market in talks to take over six leases in Boston area

    New York -- Whole Foods Market is in talks to buy or take over leases for half a dozen Johnnie’s Foodmaster locations in eastern Massachusetts, the Boston Globe reported.

    Whole Foods wants to move into six of the 10 Johnnie’s Foodmaster sites in Arlington, Brookline, Charlestown, Melrose, South Weymouth, and Somerville, the report said.

    Whole Foods currently operates 21 stores in Massachusettes.

     

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