Real Estate

Saks Fifth Avenue will unveil its renovated men’s store in its Chicago flagship on Michigan Avenue in January of the new year. The renovation will encompass a total redesign of floors six and seven, creating an open environment that will be easily accessed by a new express elevator that will take passengers directly to the men’s floors.  

Dallas and New Orleans — The Howard Hughes Corp. has announced the tenant lineup for the redevelopment of Riverwalk Marketplace in New Orleans. The $70 million renovation is transforming the aging mall into The Outlet Collection at Riverwalk, the nation’s first downtown outlet center.

According to Hughes Corp., virtually all of the space in the new Riverwalk has been committed, and well-known national outlet retailers and popular local retail, dining and entertainment offerings hold 94% of the leases.

Jacksonville, Fla. -- Stein Mart is expanding its presence this fall with four new stores and two relocated stores. The new stores are located in El Paso, Texas; Buford (Atlanta), Ga.; Elk Grove (Sacramento), Calif.; and Watchung, N.J.

North Plainfield, N.J. — Retail leasing activity remained strong through the spring and summer months of 2013, according to Levin Management, which reports more than 295,000 sq. ft. of renewals and transactions from Easter through Labor Day. The company’s portfolio includes 90 properties totaling 12.5 million sq. ft. of space in New Jersey, New York, Pennsylvania, Virginia and North Carolina.

Dallas — Savills, a global real estate services provider listed on the London Stock Exchange, has announced the formation of a strategic alliance with SRS Real Estate Partners — the largest real estate firm exclusively dedicated to servicing retail clients in the U.S.

The alliance will act as a bridge between U.S. and U.K. markets and provide Savills’ and SRS’s retail clients access to expert advise about growing internationally

The opening of two new Stein Mart stores in New Jersey and California this month will round out the discount department store operator's 2013 capital expansion program and give it a year-end total of 264 units.

The opening follows four new stores last month in El Paso, Texas; Buford, Ga.; Elk Grove, Calif.; and Colorado Springs, Co., as well as a September comparable-store sales increase of 5% and a total net sales increase of 7.3% for the month.

Columbus, Ohio -- DSW Inc. is opening of a new store in Greenville, S.C. on October 17. As of May 18, 2013, DSW operates 377 stores in 42 states, the District of Columbia and Puerto Rico, as well as 348 leased departments for other retailers in the U.S. under the Affiliated Business Group.

Pittsburgh – Dick’s Sporting Good will open its second Field & Stream specialty store in November, in Crescent Springs, Ky. Earlier this week, Dick’s said it plans to grow Field & Stream to approximately 55 locations and $750 million in sales by the end of fiscal 2017.

In addition to outdoor merchandise, the Field & Stream store will provide professional services for archery equipment, fishing gear, and firearms, among other goods.