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Development/Redevelopment

  • Gordman’s expanding into Utah

    New York City -- Gordman's will open its first stores in Utah, in March, according to The Salt Lake Tribune.

    The value-priced department store operator will open a store in Farmington’s Station Park shopping center on March 23, and also one in The District shopping center in South Jordan, the report said. A third store is set to open, in Riverdale, in July.

    “The Salt Lake MSA [metropolitan statistical area between Ogden and Provo] we see as a significant opportunity for us,” CEO Jeff Gordman said, in the report.

  • Gap enters Central America

    San Francisco -- Gap Inc. is expanding its footprint in Latin America. Leveraging its franchise model, the company has opened its first stores in Panamá and plans to introduce its brands to three additional Latin American countries: Colombia, Uruguay, and Peru.

  • Marcus & Millichap announces promotion

    Philadelphia -- Marcus & Millichap Real Estate Investment Services said that it has promoted Mark E. Taylor to first VP investments.

    Most recently, Taylor held the title of VP investments. He specializes in the sale of retail shopping centers and net-leased property investment real estate.

  • Casual Male DestinationXL format to make Middle East debut

    Canton, Mass. -- Casual Male Retail Group announced that its first DestinationXL store in the Middle East will open this spring in Symphony Mall, Kuwait City, Kuwait, under a franchise agreement between one of its subsidiaries and The Standard Arabian Business & Enterprises Company (SABECO).

  • DDR and Shoe Carnival team to open four stores in 2012

    Beachwood, Ohio -- Shopping center owner DDR Corp. said Tuesday that four new Shoe Carnival stores will open at DDR shopping centers in 2012.

    The new stores are a result of DDR's focus to consolidate small shop space by reconfiguring and re-leasing space to national retailers, improving tenant mix and the quality of cash flow. At three of the shopping centers, multiple small shop units have been combined to accommodate the new Shoe Carnival stores. The fourth center is located in Puerto Rico.

  • Tractor Supply ups its store growth potential

    Brentwood, Tenn. -- Tractor Supply Co. has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

  • End of bankruptcy in sight for A&P

    NEW YORK — After more than a year since it first filed Chapter 11, A&P has won approval to exit bankruptcy. The company announced that the U.S. Bankruptcy Court in White Plains, N.Y., has approved its reorganization plan, which includes $490 million in debt and equity financing from Ron Burkle's Yucaipa Cos. 

  • Bottom Dollar to open eight more stores in New Jersey

    Salisbury, N.C. -- Bottom Dollar Food announced plans to open eight additional stores in New Jersey. The expansion will more than double the number of Bottom Dollar Food stores in the Garden State, with the first two stores opening March 2.

    "We have been pleased with customer reaction to our current five stores in New Jersey and we are very excited to continue serving customers at our additional locations in the market," said Bottom Dollar Food president Meg Ham.

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