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Tenant Update

  • Will sales clauses in leases soon become obsolete?

    The retail landscape today looks different than it did just a few years ago. Brick-and-mortar retail is becoming more diverse. Brands are embracing different operational models and integrating more closely with online and mobile channels. Retailers like Bonobos, Warby Parker and Restoration Hardware are using physical locations purely as showrooms, a new trend that appears to be gaining significant traction.  

  • New centers hold higher costs for tenants

    As 20th Century malls give way to 21st Century mixed use centers, retail tenants need to arm themselves against giving away too much away during lease negotiations.   That’s the caution of National Retail Tenants Association director Paul Kinney, who strongly advises retailers to consider both long and the short-term implications of the leases they sign.  

  • Dania Pointe breaks ground outside Fort Lauderdale

    Ground has been broken on Kimco’s 102-acre Dania Pointe project in the Dania Beach section of Fort Lauderdale.   Phase one of the mixed-use development will include 300,000 sq. ft. of retail, 80% of which is already leased, according to the company. Along with the requisite food and beverage establishments, TJ Maxx, Hobby Lobby, BrandsMart, and Ulta Beauty have signed on as tenants.  

  • Toys ‘R’ Us to make Times Square return — for a limited engagement

    After a nearly two-year absence, Toys "R" Us is returning to Times Square — but not on a permanent basis.  

  • Ivanka Trump opening store in her father's namesake building

    The Ivanka Trump brand is making its second foray into freestanding retail.   The company will open a location in Trump Tower on Manhattan’s Fifth Avenue this fall, giving the tourists who visit the site a chance to buy Ivanka Trump-branded merchandise, Bloomberg reported.    The brand previously had a jewelry shop in Manhattan, which closed in 2015. It also shuttered its only other location, a luxury shop in Beijing.  

  • Dick's Sporting Goods in store openings

    Dick's Sporting Goods will be busy in August, opening five stores in three different states.   The nation's largest sporting goods retailer will open two namesake stores and three Field & Stream stores in the first half of August. In Prosper, Texas, Dick's and Field & Stream will open under one roof at the Gates of Prosper. And in Houston, Dick's will open at Post Oak Shopping Center.   

  • Tennessee center to get new owner and new image

    The willow is associated with weeping, and the appearance of WillowTree Plaza in Cookeville, Tennessee, is certainly sad by modern standards. But now the center near Tennessee Tech University has a new owner and, soon, will get a new look.   Boca Raton-based Fimiani Partners has purchased the 110,000-sq.-ft. center for $4.2 million and plans to invest in a new roof, a repaved parking lot, and a new paint job for Willow Tree.  

  • Luxury department store puts a restructuring plan in motion

    Neiman Marcus is making moves to offset its debt and improve its capital structure.   The luxury department store’s first step was to eliminate 225 positions. Affected employees — which span all brands and operating divisions — will receive severance packages, and also be considered for other job openings within the company, according to the Dallas News.  
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