Real Estate

Las Vegas -- Jersey Gardens, the largest outlet mall in New Jersey, is getting a makeover and a new brand identity. The 1.5 million-sq.-ft. center, in Elizabeth, N.J., will be rebranded The Outlet Collection/Jersey Gardens as part of a new strategy by developer Glimcher Realty Trust to introduce a new brand designation for its outlet centers going forward.

Las Vegas -- Crystals at CityCenter, a 500,000-sq.-ft. retail and entertainment center in Las Vegas, was honored with the International Council of Shopping Centers' (ICSC) VIVA Best--of-the-Best Award in the category of sustainability. The award was announced on May 20, during the ICSC's annual global retail real estate convention, RECon, in Las Vegas.
 
Crystals, which is LEED Gold certified, is the largest retail destination to achieve the Gold level.
  

Minneapolis — Target will open a single-level store in New Mexico, the first of its kind in the state. The store, located in Albuquerque, is scheduled to open in 2013 and will occupy 155,000 sq. ft.

Las Vegas -- On Monday morning, RECon 2012, the International Council of Shopping Centers’ annual retail real estate convention in Las Vegas, kicks off with an expected 31,000+ attendees from around the globe.

Running through Wednesday, May 23, RECon will encompass three halls of the Las Vegas Convention Center – or over 1 million sq. ft. – with more than 1,000 companies exhibiting and highlights such as The Cities of the World Pavilion and a keynote presentation by Leslie H. Wexner, founder of Limited Brands.
 

Elmwood Park, N.J. -- River Drive Construction Co. said it has completed the re-development of the 44,000-sq.-ft. Sea Girt Square retail center, on behalf of Gottesman Real Estate Partners.

River Drive served as construction manager for the project, which was completed in three stages to allow several existing tenants to remain in place. River Drive re-built the structure, raised the ceiling heights, re-clad all storefronts with floor-to-ceiling glass and installed entirely new mechanical systems. The project is located in Wall Township, N.J.

St. Louis -- Discount grocer Save-A-Lot, a wholly-owned subsidiary of Supervalu, opened its first store in Atlantic City, N.J., on May 17, becoming the first full-service grocery store within a 21-mile radius of the city.

Milford, Conn. -- Sandwich mega-chain Subway said Friday that it has set 2012 development goals of 1,200 North American locations and, toward that end, said a large contingent of company representatives will be in attendance at the International Council of Shopping Centers’ RECon event in Las Vegas, May 20-23.

Woodbridge, Va. -- Indianapolis-based The Mills, a Simon Property Group company, said that Potomac Mills, the largest outlet and value retail shopping destination in Virginia, will soon expand its footprint with the addition of an exterior transformation and two new restaurants: The Cheesecake Factory and Bobby’s Burger Palace.

The project also includes the relocation of Saks Fifth Avenue Off 5th and the introduction of Buybuy Baby and Christmas Tree Shops.