Real Estate

San Jose, Calif. -- Sandwich chain Togo's Eateries Inc. announced Monday it is in development on 30 new Togo’s units, as the company executed as many franchise agreements in 2012 in order to add to its West Coast presence.

Miami Beach, Fla. -- Terranova Corp. said Friday that Epicure Gourmet Market & Cafe will open a 24,000-sq.-ft., ground-floor location at Gables Ponce, a mixed-use project located in Coral Gables, Fla.
 
Epicure, based in Miami Beach, will anchor the ground-floor retail of the 248-unit residential project being built by Gables Urban.
 

Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

New York -- Winick Realty Group announced that a new high-end wine and spirits shop has signed a lease at 1287 First Avenue, between East 69th and East 70th Streets.

The building owners recently renovated the entire façade of the building and leased out all of the ground-floor retail space. The 1,932-sq.-ft. wine shop features marble and hardwood floors, and is slated to open spring 2013. Co-tenants include Starbucks, Papyrus and Val El Salon and Spa.

New York -- Macy’s January announcement that it would close some stores in 2013 seems to have generated a disproportionate amount of scrutiny. Is it business as usual for the department store retailer, or is the news representative of something more far-reaching?  

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Canton, Mass. -- Dunkin’ Donuts announced that in 2013 it plans to open 330 to 360 net new restaurants in the United States with growth coming from both new and existing markets, for an increase of 4.5% to 5%. The company also announced that it is expanding to Southern California as part of its long-term goal of having more than 15,000 Dunkin' Donuts restaurants in the United States alone.  
 

Urban Outfitters brings its urban style and eclectic stylings to the heart of suburbia,  opening a location in the upscale and shopper-friendly  town of Westfield, N.J. The three-story store spans over 12,000 sq. ft. and is located in a decades-old building that formerly housed a bank, but had been vacant for 25 years. The building was revamped, but the integrity of the original design remains intact.

New York -- Delhaize Group announced that it would close 33 under-performing Sweetbay stores in Florida by mid-February. The shutterings, which are part of a broader reorganization plan, amount to about one-third of the chain.

“While these decisions are difficult, especially given the impact on our associates, customers and communities, these actions will continue to enhance the performance of our overall store portfolio and further enable us to deliver profitable growth and accelerate shareholder value,” the company said in a statement.