Real Estate

Emerging food service concept Maple Street Biscuit Company is the latest addition to one of Gainesville, Fla.’s fastest growing retail destinations.

After reporting a 13.2% first quarter same store sales increase, The Tile Shop boosted its full year profit forecast and said it would open between 9 and 12 stores this year.

With 116 stores in 31 states, The Tile Shop has benefitted from the same home improvement tailwinds as Home Depot and Lowe¹s, except its 21,000 square foot showroom style stores are focused exclusively on flooring.

Meijer has plans to open stores in Michigan's Upper Peninsula, Cleveland and Minneapolis during the next five years, reported MLive.com. "We see Cleveland as the next city to go to," said CEO Hank Meijer, with the first stores opening in 2018 or 2019, the report continued. [MLive.com]

Anthropologie is coming to Mall of America in Bloomington, Minnesota, in a big way.

The brand, a division of Urban Outfitters, will open a 10,000-sq.-ft. flagship on the mall’s expanded first level. It is expected to open in time for the holiday season.

Regency Centers, in partnership with SoCore Energy and several of its retail partners, is outfitting two of its shopping centers in California with solar photovoltaic systems.

Regency announced the installation of over 750 KW of rooftop solar photovoltaic systems at Persimmon Place, in Dublin, and East Washington Place in Petaluma. Combined, the systems include approximately 2,500 modules and are expected to produce over 1,200,000 kilowatt hours of clean and renewable electricity each year.

CVS Pharmacy is bringing its CVS Pharmacy y más to the Los Angeles market.

The retailer first debuted the concept, designed to provide enhanced, personalized service to the local Hispanic community, in June 2015, in Miami, opening 12 stores. Nine stores in the greater Los Angeles market will have the new format.

Pier 1 shrank its store base and e-commerce penetration reached record levels during the company’s fourth quarter, a period in which profitability was marred by promotions, markdowns and supply chain issues.  

Simon Property Group is adding an unconventional experiential component to its Opry Mills mall in Nashville that should add even more traffic to the already popular shopping and entertainment destination.