Hospitality

New York — Sam’s Club will open two new clubs on Oct. 3. One is located in Romeoville, Ill. Romeoville Mayor John Noak, Chicago Bears cornerback Tim Jennings and former Bears tight end Desmond Clark, will attend the grand opening.

The second new Sam’s Club is located in Edmond, Okla. Edmond Mayor Charles Lamb, Oklahoma quarterback Jason White and former Sooner running back Billy Sims will attend the grand opening.

 

Canton, Mass. – Dunkin’ Donuts plans to develop three new restaurants throughout northern Colorado, in the surrounding areas of Fort Collins, Loveland, Greeley, Windsor, and Estes Park. The first restaurant is expected to open in 2015 and the remainder by 2017.

New franchisees Doug Patterson and Cameron Stapleton signed a multi-unit development agreement. Stapleton will manage and oversee the company's daily operations for each restaurant. Franchise opportunities in the state are still available in Colorado Springs.

New York — Just Salad has leased a 1,434 sq. ft. ground floor space at 325 Hudson Street, a 10-store, 240,000-sq.-ft. building in the heart of New York City’s Hudson Square.

New Street Realty Advisors represented Just Salad in lease negotiations with landlord Jamestown Properties.

 

Mixed-use development works for trade areas where demand matches each use

Different developers look at mixed-use in different ways. One developer will look for trade areas that provide solid demand for retail, residential, office and perhaps other uses. The goal is to create developments where no single use dominates the others.

Still other developers gauge the demand for various uses and adjust the use offerings to match demand. In such cases, one use may dominate the center.

The Trademark approach to demand

Las Vegas — Miracle Mile Shops on the Las Vegas Strip has launched, a new leasing website that provides prospective tenants with detail about the 475,000-sq.-ft retail property surrounding Planet Hollywood Resort & Casino.

Live now, the website highlights the center’s sales per sq. ft. for current retail and dining operations, two live entertainment venues and 3,700 hotel rooms with 98% occupancy at the connected Planet Hollywood Resort & Casino and Hilton Grand Vacations Elara.

Dallas — SRS Real Estate Partners has announced a September transactions and new assignments carried out by SRS offices across the country.

SRS Atlanta:
•    Three new tenants have inked deals at Krog Street Market, a 30,000-sq.-ft. mixed–use redevelopment project owned by Paces Properties. Fred’s Meat & Bread has leased a 600-sq.-ft. space; Gu’s Dumplings has taken 600 sq. ft. and The Little Tart Bakeshop plans to open a 200-sq.-ft. market stall.

St. Petersburg, Fla. — The Sembler Company leased 58,000 sq. ft. in Florida during August. Here are the individual lease signings:

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