Tenant Update

The District at Green Valley Ranch outside of Las Vegas gave a shot in the arm to its healthy lifestyle credentials with the signing of three new tenants — CycleBar, Drip Doctors, and Pressed for Juice.   Owned by Vestar, the 385,000-sq.-ft. open-air center is the largest retail component of Green Valley Ranch, a master-planned community in Henderson whose centerpiece is a hotel-casino resort of the same name run by Station Casinos.  

Mid-America Asset Management has named Tracee Johnson senior asset manager, investing her with full responsibility for maintaining relationships with retail tenants.   Johnson, a 10-year veteran of Mid-America, will also be responsible for budgeting and operational planning and oversight of the more than 60 million sq. ft. of retail the company leases and manages throughout the Midwest.   Johnson is a licensed real estate broker in Illinois.

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Neptune/6th, a redevelopment of the former site of Trump Village Shopping Center and the Royal Palace Baths in Brooklyn’s Coney Island section, has secured leases from CVS and Apple Bank as it looks toward a summer 2017 opening of its first phase. Cammeby’s is the developer.   That phase will include 161,000 sq. ft. of retail, office, and parking in a standalone space across from the old Trump Village site. Three further phases will add 165,000 sq. ft. of retail and parking and a 575-unit residential tower.  

Street closings and protests related to the election of Donald Trump are severely impacting retail traffic on the priciest retail corridor in the world.   Tiffany & Co., Abercrombie & Fitch, Henri Bendel, Polo Ralph Lauren and other retailers on Fifth Avenue are all being affected, according to the Associated Press.  

The Mall at Prince Georges in suburban Washington, D.C. will welcome a 16,000-sq.-ft. DSW location and an 11,000-sq.-ft. ULTA in second quarter 2017. The signings are part of PREIT’s ongoing strategic plan to re-outfit its centers with “in-demand” retailers.   “The property has just begun its transformation into an elevated, vibrant shopping and dining destination commensurate with the development that has occurred in the surrounding area,” said Joseph F. Coradino, CEO of PREIT.  

Kenneth Cole is closing all its stores in outlet centers.   The company plans to shutter its 63 outlet stores within the next six months, Bloomberg reported. The move will leave the brand with two brick-and-mortar stores, both full priced, with one in downtown Manhattan and the other in Arlington, Va.  

The Butler North component of Butler Enterprises’ massive retail complex in Gainesville, Florida, brings itself close to 100% occupancy with next week’s opening of Total Wine & More.   The 20,000-sq.-ft store is the latest in a series of new store openings at the center. Also debuting there over the past four months were Walmart Supercenter, Aldi, Marshalls, Payless Shoe Source, and Dollar Tree.  

National Realty & Development Corp. has announced that new pad buildings will begin going up at two of its centers in New Jersey.   McDonald’s will enter Liberty Square Center in Burlington with a newly constructed 3,911-sq.-ft. store on one of the property’s outparcels. The 380,383-sq.-ft. Liberty Square is anchored by Walmart Supercenter, Acme, Marshalls, and Toys “R” Us.