Real Estate

In Dublin, Ohio, an ambitious new development is taking shape – a project with the potential to literally and figuratively remake the city’s development landscape. The project is Bridge Park, a $350 million mixed-use development that is the central component of a larger 1,100-acre Bridge Street District development plan. The project is the first step in a comprehensive master-planned vision that was formally approved by Dublin’s City Council in 2010.
 

The tenant mix is neighborhood shopping centers is western states is transforming as centers looking to remain relevant to shoppers and more effectively compete with other types of centers.

In Bridgeport, Connecticut, one of the most ambitious and unique waterfront developments in the nation continues to take shape.
 

The formerly online only retailer The Wine Cellar Group isn’t afraid of competition. The company is pursuing its brick and mortar ambitions with a new store in the backyard of Amazon.com and Costco, the nation’s largest seller of wine.
 
Born online in 1990, The Wine Cellar Group opened its first store in 2012 and has since grown to nine locations. Its newest store will be a Wine Cellar Outlet and is set to open later this year in the Heritage Square shopping center in the Seattle suburb of Issaquah, Costco’s hometown.
 

As the retail landscape continues to evolve in response to an explosion of creativity and innovation from both new and existing brands, this is an exciting and inspiring time to be in the business.
 

Chain Store Age’s annual search for 10 retail real estate stars under the age of 40 years resulted in this: Ten youthful, creative, hard-charging industry executives.

Some are retailers, others are brokers or from shopping center companies. Three are women. One is under the age of 30. There’s a single Canadian in the bunch. Two work for CBRE. Each has studied the business, sought out mentors, and researched and taken on the issues of the day.

When the 300,000-sq.-ft. Shoppes at Mid Rivers opens in late 2017 the project will be the largest retail development the St. Louis area has seen in nearly a decade.   GBT Realty Corporation, a national commercial development company headquartered in Brentwood, Tennessee, said the $54 million project located in St. Peters, Missouri, will have three anchor tenants, five to seven junior anchors, small shop space and four, approximately one-acre outparcels.  

Big and tall men continued to spend in the first quarter, bucking slow apparel sales throughout the rest of the industry.   Destination XL Group Inc. posted revenue of $107.9 million in the quarter, up 3.3% from $104.4 million in the year-ago period. Total same-store sales rose 2%.