REAL ESTATE

Gap eyes Toys ‘R’ Us Times Square space
New York -- Gap Inc. is eyeing the 110,000-sq.-ft. Toys “R” Us flagship at 1514 -1530 Broadway, according to The Real Deal.

Sources say the specialty apparel retailer may split the space between Old Navy and Gap stores.

The massive retail space comes with a hefty price tag: the ground floor alone goes for $2,500 per square foot per year in rent, while the top floor is going for $150 per square foot, and the basement for $350 per square foot.
Charming Charlie opens New York flagship, will expand globally
New York - Charming Charlie has unveiled its first New York City flagship store. Situated on Fifth Avenue, the flagship is a showcase for the brand's new store concept, and was designed in partnership with Callison Architects.

Trademark begins renovation of Texas center

Dallas - Trademark Property Co., the operating partner for The Shops at Highland Village, has started construction on its multi-million dollar renovation of the 389,090-sq.-ft. shopping center. Enhancements include: upgraded building façades, common area and landscaping improvements, public art, new amenities for adults and children, and new signage throughout the property.
DavidsTea and Sephora to open at the Derby Street Shoppes

Hingham, Mass. -- WS Development and Derby Street Shoppes continue to add new and exciting retailers to the vibrant mix of existing shops, boutiques and restaurants by announcing the opening of DavidsTea and Sephora. DavidsTea, expects to open its only location on the South Shore in mid-summer, while perfume and cosmetics retailer, Sephora, hopes to open later this year.
Dollar General opens 12,000th store

GOODLETTSVILLE, Tenn. -- Dollar General on Saturday hit another milestone, opening its 12,000th store in the small town of Juliette, Georgia.
Westfield San Francisco enlists RetailNext for analytics

San Francisco - Westfield San Francisco Centre has enlisted RetailNext Inc., a provider of retail analytics for brick-and-mortar stores, to provide in-store retail analytics technologies and services for Bespoke, its new retail-technology hub. Bespoke is made up of tech demonstration, coworking and event spaces.
Inventrust Properties acquires Virginia shopping center

Richmond, Va. - InvenTrust Properties Corp. has acquired Westpark Shopping Center, a 176,935-sq.-ft., 95% leased shopping center located in Glen Allen, Virginia, for $33.75 million.
Starbucks coming to mixed-use center in Iowa

Des Moines, Iowa - Two leases have been signed for ground-floor retail space at The Foundry in Ames, Iowa, including Starbucks. Committed tenants for the luxury student housing complex near Iowa State University also include Barefoot Campus Outfitter.
Futuristic retail-tech space, Bespoke, opens at Westfield San Francisco Centre

San Francisco -- Westfield Corp. and Forest City Enterprises on Thursday unveiled Bespoke, a coworking, event and tech-demo space designed to foster a retail-tech community and support retail innovation at Westfield San Francisco Centre. Bespoke is designed as a space where entrepreneurs, brands and retailers can come together to research, create, collaborate, refine, showcase and debut work within the confines of the shopping center, which features more than 200 retailers and restaurants.
Saks’ Off 5th to open first downtown store, in San Francisco

New York -- Saks Fifth Avenue Off 5th will open its first metro downtown store, on Market Street in downtown San Francisco. The new 40,500-sq.-ft. store will celebrate its grand opening on May 28.

“This store is the first Saks Fifth Avenue Off 5th store in a city center, and we believe San Francisco is an ideal location as we begin to expand into metropolitan markets,” said Jonathan Greller, president of outlets, Hudson’s Bay Company, parent company of Saks.