Real Estate

Walgreens has opened a new two-story, flagship drugstore in the north tower of Chicago’s iconic Wrigley Building.

Assisted by 42nd Ward Alderman Brendan Reilly, representatives from the Magnificent Mile Association, Chicagoland Chamber of Commerce and others, Walgreens executives marked the 27,800-sq.-ft. store’s opening with a ceremonial ribbon cutting.

San Francisco -- PBteen, a member of the Williams-Sonoma, Inc. portfolio of brands, opens a store at Tysons Corner Center in McLean, Virginia, on June 27. This will be the 17th PBteen location and the second combined Pottery Barn, Pottery Barn Kids, and PBteen store in the U.S.

Youngstown, Ohio — Chipotle Mexican Grill will debut at the Ohio Valley Mall in St. Clairsville, Ohio, in November. It will be the first Chipotle in the Ohio Valley region. The restaurant’s 2,195-sq.-ft. space is in a building currently undergoing renovation. Two other new merchants, to be announced in the near future, will join Chipotle in the building.

Cafaro affiliated companies own and manage the recently renovated Ohio Valley Mall.

After 24 years of patchwork-style growth, Wild Wing Cafe is getting serious about expansion. The chain has debuted its first-ever prototype design and, true to the brand’s roots, live entertainment is critical to the format. From the low-rise stage equipped with a special VIP entrance for musicians to an oversized video wall comprised of more than 20 screens, Wild Wing Cafe takes its motto — “Where Great Food Rocks” — seriously.

▲Construction and construction costs are not an exact science: Information derived from data may be predicable; people are not.

▲ The process takes time: Construction encompasses more that just the time it takes to physically build a store. It also involves the lease-negotiating phase, drawing phases, permit phase and bidding phase.

▲ Smaller spaces don’t always translate into big cost reductions: It’s often assumed that as store square footage gets smaller, the overall costs go down.

New York — Dear Rivington, a designer fashion boutique selling clothing, eyewear, pottery and jewelry, has signed a lease to relocate to a new location in the NoHo district of Manhattan’s Lower East Side. The 3,300-sq.-ft. store features 2,000 sq. ft. of ground floor space with high ceilings and a skylight. The 1,300-sq.-ft. lower level has also been fitted out for retail and not just storage.

The distinctive storefront features oversized barn style doors that give the store a private feel.

New York - A series of new concept Juicy Couture stores will be opened in the U.S. and Canada beginning in 2015. The new stores will be in key, high traffic locations such as New York City, Los Angeles and Vancouver, and will replace existing Juicy Couture stores in the U.S.

Sporting goods and apparel retailer Academy Sports + Outdoors has renewed multi-year contracts with Auburn University and the University of Alabama. The renewal means that it will continue to sell the universities’ licensed products in its 13 Alabama stores.
 
The retailer is currently an official sponsor of University of Alabama’s Crimson Tide and official sporting goods retailer for Auburn University’s Tigers, and has been working with the two universities for several years.