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Real Estate

  • La Prairie to expand on Fifth Avenue

    New York City -- High-end Swiss cosmetic retailer La Prairie will expand its Fifth Avenue location, between 53rd and 54th Streets.

    According to its real estate representative Cushman & Wakefield, La Prairie will expand and occupy an additional 9,400 sq. ft. and the entire 11th floor of its existing building. The company also occupies the entire 13th and 14th floors.

    La Prairie will occupy a total of 22,110 sq. ft. in the 26-story building.

  • Eight national retailers to open at River Chase

    Covington, La. -- Stirling Properties said Monday that River Chase Shopping Center Phase Two, which broke ground in August, has added eight new national tenants that will bring 85,000 sq. ft. of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012.

  • Trend Talk

    Any early skepticism about the longevity of mixed-use has been silenced. The art of combining components to create a live-work-play project has evolved into a science. And those that have become particularly adept at building, leasing and managing mixed-use properties say that the right formula makes for a successful development. 
Chain Store Age talked with three top developers of mixed-use projects and uncovered several trends that are governing, and continuing to evolve, the format.


    Trend #1: Adding local flavor 


  • Focus on: Del Mar Highlands Town Center

  • LaVida Massage to open new center

    Marietta, Ga. -- LaVida Massage said it will open a new location in Marietta, Ga., on Lower Roswell Rd.

    The newest location is slated to open Oct. 1 in 3,000 sq. ft., and is owned and managed by Georgia Master Developers Terry Sharp and Duane Goodwin.

  • AT&T opens at Huntley Grove

    Huntley, Ill. -- Tucker Development Corp. said that AT&T has opened a new store at Huntley Grove, the developer’s 350,000-sq.-ft., multi-tenant shopping center in Huntley, Ill.

    AT&T occupies a 1,000-sq.-ft. space at the center.

    Huntley Grove is anchored by a 176,000-sq.-ft. Walmart Supercenter, joined by State Farm, T-Mobile, AutoZone, The UPS Store and Jimano’s Pizzeria.
     

  • J.C. Penney to renovate, expand Rock Hill Galleria store

    Rock Hill, S.C. -- The developers of Rock Hill Galleria, in Rock Hill, S.C., said Tuesday that the 470,000-sq.-ft. regional mall will initiate a comprehensive renovation and expansion of mall anchor J.C. Penney.

    Construction will begin soon and is scheduled for completion in fall 2012.

  • Focus on: Retail Finance

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