REAL ESTATE

Round One to open first New York location
Round One, Japan’s answer to Dave & Busters, announced it will open its first New York State location at the Galleria at Crystal Run in Middletown. The entertainment brand offers bowling, karaoke, billiards, and darts, as well as food. Other new locations in Colorado, Georgia, and Pennsylvania will bring its U.S. store total to 14. Round One spaces are generally 80,000 sq. ft.; the Middletown store will be only 45,000 sq. ft.
Fast-growing cosmetics retailer expanding in Manhattan
NYX Professional Makeup is set to launch its first flagship in Manhattan on Friday, Oct. 28. Located in the heart of Union Square, the new NYX is the company's 20th domestic store and will combine digital technology with a hands-on educational environment. In keeping with its heritage as a digital brand, NYX stores feature a series of innovative technologies, including an in-store Beauty Bar, an interactive makeup station featuring custom video tutorials.

Starbucks reveals location of fourth Reserve Roastery format

Starbucks is bringing its new immersive store concept to Tokyo. The coffee giant will open a Reserve Roastery in Tokyo, in 2018. Located in the Nakameguro district, an upscale neighborhood, the Roastery will be designed in collaboration with Kengo Kuma, a world-renowned architect and founder of Kuma Lab at the University of Tokyo.
Starbucks ups store count for its new upscale chain

Starbucks is bullish about its new café format, Starbucks Reserve, which will target a more sophisticated audience with premium coffees and food offerings. The company had previously said it planned to open 500 Reserve locations globally, with the format making its debut next year. But it is looking to open as many as 1,000 locations, Bloomberg reported.
Specialty golf retailer bucks trend

On the heels of Golfsmith and The Sports Authority declaring bankruptcy, PGA Tour Superstore is picking up momentum and opening stores. The privately held chain recently acquired a Sports Authority location in Glendale, Arizona, which it will reopen under its own banner in January 2017. PGA Tour is also planning new stores in Hilton Head, South Carolina, and in Jacksonville, Florida, with both opening in 2017.
Teen apparel retailer partners with GGP to open 13 pop-ups

The Wet Seal is going to be very busy on Nov. 3. That’s the day the retailer, in partnership with GGP, will open 13 holiday pop-up locations at GGP regional shopping centers throughout the nation. "We see an opportunity for additional brick and mortar locations during the peak holiday season," said Wet Seal CEO Melanie Cox. The temporary stores will range from 3,000 sq. ft. to 5,000 sq. ft. each.
OliverMcMillan names new COO

Michael O’Hanlon, a 35-year real estate industry veteran, has been hired as OliverMcMillan’s new chief operating officer. The company’s properties include The Shops at Buckhead in Atlanta and the River Oaks District in Houston.
Apple to revamp 95 stores by yearend

Apple is turning its stores into mini town squares. The tech giant is redesigning its stores along the lines of its new San Francisco Union Square and London Regent Street locations, Fortune reported. It expects to have 95 stores fully revamped by year end.
New retail powerhouse in the making?

Lidl, the German no-frills grocery chain, is shaping up as a potential retail powerhouse even before it opens its first U.S. store. The company will generate $8.8 billion in sales by 2023, larger than Wegman’s 2016 value of $8.1 billion, according to a just-released forecast by Kantar Retail.
Gap to shut all Banana Republic stores in the U.K.

Gap to shut all Banana Republic stores in the U.K. Shoppers in the United Kingdom will soon be able to buy Banana Republic merchandise only via the chain’s website. Gap Inc. plans to close all eight of its Banana Republic stores in United Kingdom by the end of its fiscal year, Bloomberg reported. In May, Gap announced that it planned to shut about 75 stores across its Old Navy and Banana Republic brands, with most of the closures overseas.