REAL ESTATE

New York -- As plus-size apparel retailer Avenue Stores emerges from bankruptcy under new ownership, it will do so with a much streamlined store presence.

Paul Halpern, chief investment officer of Versa Capital Management, which bought the chain out of Chapter 11 bankruptcy in February for $32 million, said the current store count of 415 to 420 will be reduced to about 300 to assure profitability.

Ontario -- Ikea said Tuesday that it has begun construction on the expansion of its current Montreal store to what will be its largest store in North America.

Set to be complete summer 2013, the new Ikea Montreal will be 469, 694 sq. ft. and will feature expanded inventory and services such as a 600-seat restaurant and 1,400+ parking spots.

New York -- Cabela’s plans to open a store in Ashwaubenon, Wis., on property owned by the Green Bay Packers. The store is scheduled to open in the summer of 2013, with construction to begin this fall.

New York -- St. Louis Real estate services provider Cassidy Turley announced that its retail corporate services team has been awarded project management services for DEB Shops new and remodeled stores throughout the United States.

Cassidy Turley will work with DEB to manage all components of the program, from store planning and design through construction, fixturing, closeout, and opening.

Armington Hills, Mich. -- Agree Realty Corp. announced it has been named a Florida development partner for Wawa, which operates more than 590 convenience stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia.

“We are extremely pleased and tremendously excited to partner with Wawa on their expansion into Florida. Their pioneering approach to the convenience store and fuel station experience will offer Floridians additional choices and varieties that they have never had,” said Joey Agree, president and COO.
 

New York -- Microsoft Corp. will open a store in Bridgewater Commons, Bridgewater, N.J., on May 16. The store will be located on the mall’s second level, close to the existing Apple store.

The computer giant is also moving into Massachusetts, with a store in Boston. The opening date has not been announced.

We’re pleased to announce that we’ll be opening a new Microsoft Store at The Shops at Prudential Center in Boston!,” the company wrote on its Facebook page and website.
 

Boston -- City Sports will open its 21st store, in Burlington, Vt., on May 6.

The eco-conscious space—built utilizing reclaimed materials from previous stores—was designed to capture the spirit of the community. The existing ceiling was kept, and all lighting fixtures were replaced with energy-efficient bulbs.

Canton, Mass. -- Baskin-Robbins announced Friday a plan to nearly double its U.K. presence over the next three years, adding 80 freestanding units to the 100 stores currently operating in the region.

The announcement comes as the ice cream chain celebrates the official opening of three new shops in London, each featuring the brand’s new international design that includes lounge-style seating, interactive LCD menu displays and upgraded wallcoverings reminiscent of waffle cones.