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Development/Redevelopment

  • Bon-Ton to open new Herberger’s location

    York, Pa. -- The Bon-Ton Stores has signed a letter of intent with Simon Property Group for the 135,000-sq.-ft. former Mervyn's facility located in the Southdale Center in Edina, Minn.

    Remodeling of the site is expected to begin in March and be completed in November, at which time Bon-Ton will open a new store under its Herberger’s banner.
    The new Herberger’s location will bring the total number of Herberger’s stores to six in the Minneapolis/St. Paul market.

  • A New Yorker’s perspective on Walmart

    Crain’s New York Business this week reported on an interesting situation involving Walmart and the hype surrounding the company entry into the city. According to author Greg David, “as the opponents of Walmart continue their campaign to prevent the company from opening stores in New York, it remains a mystery how they intend to do that. David notes that the City Council has no power to intervene in leases signed at existing retail locations, and the company seems more determined than ever to take on the Big Apple.

  • Whole Foods Q1 income jumps 79%, same-store sales up 9.1%

    Austin, Texas -- Whole Foods Market’s first quarter net income surged 79% to $88.7 million, on an increase in customer visits and a rise in average transactions. The natural and organic foods grocer raised 2011 profit outlook on its strong results, which beat expectations.

  • Massage Envy to expand in Pittsburgh area

    Scottsdale, Ariz. -- Massage Envy announced Thursday the signing of a multi-unit Regional Developer agreement with Sol Glastein for the development of 11 new centers in Pittsburgh, Western Pennsylvania and Morgantown, W.V.

    Glastein has been a Massage Envy franchisee since 2006 and currently operates two centers in New Jersey.

    In 2010, Massage Envy opened 43 locations, bringing the total number of locations to more than 650 units operating in 43 states.
     

  • 7 For All Mankind to open stores in Canada

    Los Angeles -- 7 For All Mankind announced it will open its first fully owned store in Canada in March, at Chinook Centre in Calgary.

    The company said it plans to open two to three stores annually in Canada during the next four to five years.

  • Fur de Lis Pet Parlor to open at Shiloh Springs shopping center

    Garland, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Garland, Texas, at Shiloh Springs shopping center to Fur le Lis Pet Parlor.

    An upscale dog grooming service and pet boutique, Fur de Lis Pet Parlor has leased 1,400 sq. ft. and is slated to open in March.

    The 110,040-sq.-ft. shopping center is anchored by Kroger alongside national retailers such as GNC, H&R Block and Great Clips.

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