Development/Redevelopment

Bensalem, Pa. -- Charming Shoppes Inc. recorded a wider-than-expected loss for its fourth quarter as higher product costs and discounts at its Lane Bryant division cut into margins. The chain said plans to close between 90 to 105 underperforming stores this year.

Charming Shoppes, which hired Barclays Capital in December to help it review its options, posted a loss of $13.2 million for the three months ended January 28, 2012, compared with a loss of $30.4 million a year ago.

North Plainfield, N.J. -- Levin Management announced that it has named Joe Lowry as director of acquisitions and business development for the company.

The 25-year commercial real estate industry veteran joined Levin in 2009 as director of acquisitions. His added responsibilities reflect the firm’s ongoing focus on adding new clients from among institutions, fund managers and private owners it does not already serve.

Louis Vuitton Island Maison, part of the Marina Bay Sands resort complex in Singapore, represents the ultimate in luxury retail destinations. The striking crystal and glass structure, which sits directly on the water, was awarded top honors in the Association for Retail Environments’ (A.R.E.) design competition. It features the entire the complete Louis Vuitton offering, from its men's and women's collections to jewelry and accessories. It also houses a bookstore with a curated selection of books on travel, design, art and culture.

Boca Raton, Fla. -- Office Depot Inc. will open 13 newly remodeled locations in the Houston area on March 28.

The updates stores feature more colorful signage and easy-to-navigate floor plans. The stores were redesigned based on customer feedback and shopping patterns.

Office Depot operates 1,677 stores in 60 countries, 46 of which are located in the Houston area.

Philadelphia -- The trustees of Pennsylvania Real Estate Investment Trust (“PREIT”) announced that Joseph F. Coradino will become CEO of the company as of the company’s annual meeting on June 7, succeeding Ronald Rubin, who will serve as executive chairman.

Coradino has been with PREIT and a predecessor company for three decades, serving since 2004 as president of PREIT Services, LLC and PREIT-Rubin, Inc., and as a member of the office of the chairman. He has been a trustee of PREIT since 2006.

New York -- Tommy Bahama will open its first New York City location in October.

Dubbed the Tommy Bahama “Manhattan Island,” the 8,500-sq.-ft. store will also include a bar and restaurant. It will be located in an Art Deco building on Fifth Avenue at 45th Street.

Voorhees, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust announced that The Sporting Club fitness center has opened a 13,000-sq.-ft. satellite location at Voorhees Town Center, located in Voorhees, N.J.

Located on the Boulevard, Sporting Club joins Firecreek Restaurant + Bar, Doghouse Gourmet Burgers, Coffee Works Café, Rizzieri Studio Salon, Rizzieri Aveda School for Beauty & Wellness, Rizzieri School for the Healing Arts, and It’s A Doggie Dog World, which just opened in early March.

New York -- 7-Eleven Inc. plans to open 15 to 20 stores this year in the Jacksonville, Fla., market and 80 locations by 2015, according to the Florida Times-Union.