Development/Redevelopment

MENOMONEE FALLS, Wis. — Kohl's has reached an agreement with the state of Wisconsin that will keep the retailer’s headquarters in Menomonee Falls, which is located about 20 miles northwest of Milwaukee. Kohl’s will receive up to $62.5 million in tax credits from the state over 12 years. The final amount of the tax credits is dependent on the number of employees the chain adds at its facility and the amount of money Kohl’s invests in developing its campus.

Niles, Ohio -- Kearney, Neb.-based teen retailer The Buckle said it has opened a new location at Eastwood Mall in Niles, Ohio.

The store, the company’s 21st in the state, celebrated its grand opening on July 16.
 

By Eileen F. Mitchell, [email protected]

Orlando, Fla. -- Convenience-store operator WaWa has entered the Florida market, opening a store across from Sea World in Orlando. Four additional units are scheduled to open in the Orlando market during the next four five weeks.

Pleasanton, Calif. -- Safeway Inc. reported Thursday that profit for the second quarter dropped to $121.7 million from $146 million in the same period last year.

Sales inched up 1.9% to $10.4 billion, and same-store sales rose 0.8%.

For the year, Safeway said it expects to invest $900 million in capital expenditures to open approximately 10 new Lifestyle stores, complete 10 Lifestyle remodels, refurbish in-store pharmacies and develop properties through its Property Development Centers subsidiary.
 

Chicago -- The first of Target’s smaller-format CityTarget urban stores are slated to open on July 25 in Chicago, Los Angeles and Seattle.

Two years in the making, the smaller stores will feature broad offerings in a space two-thirds the size of a regular Target store – or 80,000 sq. ft. to 100,000 sq. ft., compared with 135,000 sq. ft. to 175,000 sq. ft.

New York -- RCS Real Estate Advisors said Tuesday it has been retained by Diamond Wireless, a mall-based retailer and one of six National Premium retailers for Verizon Wireless, to provide advice and performance analysis to the retailer in the management of its real estate portfolio.

As Diamond Wireless continues to expand nationally, RCS said it is charged with ensuring that Diamond’s current and future site selections, which include both inline stores and kiosks, deliver the highest and best value and efficiencies available in the mall marketplace today.

Bridgeview, Ill. -- Rose Paving Co. hosted an open house at its branch office in Norcross, Ga., on June 21. The event  celebrated the company's new office in Norcross and expansion in the Southeast.
 
"Rose Paving's move to Norcross is a direct result of our bold goals to revolutionize parking lot management," said C.B. Kuzlik, senior VP Rose Paving. "We are passionate about the work we do and we are determined to provide the very best service to our valued clients in Atlanta and throughout the Southeast."