Real Estate

Canadian department store to expand across country
Quebec -- The Quebec City-based Simons department store chains is planning to extend its brand across Canada, according to Canada’s Global News.

The 175-year-old Canadian retailer - plans to spend up to $200 million over the next four years on its expansion plan, which will result in eight additional stores openings across the country, the report said.
Macy’s reduces Pittsburgh presence
Cincinnati – Macy’s is reducing its presence in Pittsburgh. The retailer has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty and will close its store in that location.

Take a look: Target comes to Boston’s Fenway neighborhood

Boston – A three-level CityTarget store is a main feature of a new $315 million mixed-use development on Boylston Street in the Fenway neighborhood of Boston. The Samuels & Associates development also includes a 172-unit luxury apartment building and adjoining 11-story office tower.

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CSA to select ‘Top Redevelopers’ for 11th-annual listing

New York -- Chain Store Age magazine is accepting nominations for its 11th annual “Top Redevelopers” listing, which recognizes shopping center owners and developers’ retail redevelopment efforts over the last 12 months. Selections will be based on square footage redeveloped between June 30, 2014 and June 30, 2015, financial investment, and project significance.
$350 million Liberty Center reveals first group of tenants

Cincinnati -- The highly publicized mixed-use project Liberty Center, in Cincinnati, Ohio, has just announced its first slate of retail tenants.

With a scheduled October 2015 opening, Liberty Center includes more than 800,000 sq. ft. of retail, restaurants and entertainment, including a 200,000-sq.-ft. Dillard’s anchor that will be the state of Ohio’s first ground-up Dillard’s store.
Fresh Thyme Farmers Market has big plans

Indianapolis -- Fresh Thyme Farmers Market may have only been in business in three years, but it is thinking big.

With some16 stores in the Midwest, the value-priced, organic specialty grocer is scheduled to open 60 stores by 2019. It will open two new location in the Indianapolis area on Aug. 6.
Green, Hoffman partner to focus on integrated mixed-use project feasibility

Phoenix -- Jeff Green, president of Jeff Green Partners, and Jerry Hoffman, president of Hoffman Strategy Group, have announced a formal collaboration to expand their companies’ work on complex, mixed-use feasibility research including retail, residential, office and hotel uses.
Cullinan Properties purchases site in Illinois

Peoria, Ill. - Cullinan Properties has acquired an approximately 264-acre site located at the northeast intersection of interstates 55 and 80 in Joliet, Illinois. The property was purchased from O & S Holdings, LLC who acquired the property in 2008, and originally entered into an agreement to develop a project known as Bridge Street Town Center.

However, with the sale of the property, O & S Holdings has terminated the original development agreement. “
Vestar center in Dallas welcomes four new retailers

Dallas - Village on the Parkway, a 357,731-sq.-ft. retail center situated on 31 acres in Dallas, announced that four new retailers will open at the property during the next few months. Privately held real estate firm Vestar currently handles property management, leasing and marketing at the center.

The new retailers include Soma, which will occupy 2,549 sq. ft. with a July 18 opening. Also opening on July 18 is Francesca’s, which will occupy 1,400 sq. ft.
Michaels financial future unfolds as big investors exit

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.
Dick’s fishes for sales by co-locating concepts

Dick’s Sporting Goods is locating one of its namesake stores next to one of its Field & Stream stores to create an intriguing 90,000-sq.-ft. concept called the All-American Sports Center.
Trader Joe’s gets hip

New York -- Trader Joe’s is opening a store in the heart of what is arguably the nation’s hippest enclave.

The grocer has signed a lease to open an 18,000-sq.-ft. in the Williamsburg section of Brooklyn, New York, reported Crain’s New York.

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