Real Estate

Construction has started on the first hotel at One Daytona, the $120 million-plus project going up next to the Daytona International Speedway in Florida.   The 105-room Fairfield Inn & Suites being erected by Shaner Hotel Group is a short walk from the track. It will be joined by a Marriott Autograph Collection hotel to be called The Daytona.  

Flip Flop Shops is expanding in both the physical and online channels.   The company, which was acquired by Cherokee Global Brands last year, is introducing a new “super kiosk” format. Measuring approximately 300 sq. ft. and built in the shape of a giant flip flop, the concept is slated for national rollout. It is designed to offer a nimble and novel format expansion to Flip Flop Shops’ retail presence.  

Weiss Markets is expanding its store portfolio.

The retailer plans to convert 38 Food Lion supermarket locations to Weis Markets stores. Weiss Markets has completed the purchase of 38 Food Lion stores and plans to convert the locations to the Weiss banner by the end of October. The acquired stores are located in the states of Maryland, Virginia and Delaware.

Lululemon has opened a new concept store in Toronto that’s unlike anything the retailer has done to date.   The 10,000-sq.-ft. store is part retail, part health food café, part gallery — and part practice studio, according to a report by torontolife.com. It even boasts a trailer.    For more, and photos, click here.

Triple Five’s American Dream project in the New Jersey Meadowlands got closer to the finish line today with the announcement that Nickelodeon would be attaching its name and entertainment brands to the retail-entertainment center’s theme park.   To be called Nickelodeon Universe, the 8.5-acre indoor amusement park — reputed by Triple Five to be the Western Hemisphere’s largest — will feature rides themed by Mutant Ninja Turtles, SpongeBob SquarePants, Blaze, and the Monster Machines.  

The Lands' End experience has arrived in the SoHo section of Manhattan.   Lands' End opened an 8,000-sq.-ft., two-floor temporary store, at 580 Broadway, featuring men's, women's and kids' apparel, footwear and accessories from the fall, holiday and winter along with a variety of personalization services and experiences.    

A 25-year-old outlet center in East Naples, Florida, is undergoing an extensive facelift and seeking new retail blood, according to Crossman & Company, which has just been signed as its leasing agent.

Once filled with shoppers, the Naples Outlet Center has dropped in recent years due to an economic downturn in the area, according the Naples Daily News.  In 2014, nearly half of its 40 stores were vacant.

The nation’s largest specialty bedding retailer posted disappointing results on Friday for its second quarter.

Mattress Firm Holding Corp. on Friday reported a loss of $2.2 million, after reporting a profit in the same period a year earlier.

Revenue increased 48.2% of $980 million, which also fell short of Street forecasts, reflecting incremental sales from acquired and new stores.

Same-store sales fell 1.1%.