REAL ESTATE

Victory Park makes two-sided retail on Victory Park Lane a reality
Dallas -- Trademark Property Co. begins construction on the unfinished parking garage at Victory Park in Dallas.

The construction is part of phase I redevelopment efforts and will add an additional 22,030 sq. ft. of street-level retail and restaurant space to Victory Park, as well as, a 2,600-sq.-ft. second-floor covered patio connected to a signature restaurant at the northeast corner of the garage, making two sided retail on Victory Park Lane a reality with in downtown Dallas. Completion is slated for summer 2016.
Shoppers Drug Mart elevating beauty with new in-store concept
Shoppers Drug Mart unveiled its new beauty department concept, called beautyBoutique, at the Rideau Centre in Ottawa.

The 4,000 sq.-ft. department features new fixtures, digital signage, enhanced fragrance and skin care areas and provides customers with a differentiated retail environment complemented by a wide assortment of prestigious brands. Featuring 16 prestige brands, it is the sixth Shoppers Drug Mart location in Canada to offer customers an elevated prestige beauty experience and the first in Ottawa.

New shopping, dining options to debut at The Mall of San Juan

San Juan, Puerto Rico -- Taubman announced eight new shopping and dining options will debut at The Mall of San Juan located in San Juan, Puerto Rico, before the end of 2015, seven of which are exclusive to the market. Additional more than 20 stores and restaurants are scheduled to open in 2016.

“We’re bringing a taste of New York, Tuscany and Florence to the island with the addition of three new dining experiences,” said Marnie Marquina, marketing and sponsorship director for The Mall of San Juan.
Kimco Realty acquires Christown Spectrum

Phoenix-Mesa-Scottsdale, Ariz. -- Kimco Realty Corp. announced that it purchased Christown Spectrum power center in the Phoenix-Mesa-Scottsdale, Arizona for $115.3 million. The property is an 850,000 sq. ft. center situated one mile east of Interstate 17 and lies adjacent to the second-busiest light rail station in Phoenix.
Wheeler Real Estate Investment Trust enters into contract to acquire 14 properties

Virginia Beach, Va. -- Wheeler Real Estate Investment Trust announced that the company has entered into a contract to acquire 13 properties located in South Carolina and one property located in Georgia from a private third party. The company expects to close on the properties in first quarter 2016 and will use a combination of cash, debt and operating partnership units to acquire the assets.
Fast-fashion giant to pursue LEED with new Manhattan outpost

Hennes & Mauritz AB (H&M) is going green for its first store in Lower Manhattan.

The retailer will open a 25,000-sq.-ft. store at Westfield World Trade Center, set to open in spring 2016. It will be H&M’s 17th location in New York City, and its first U.S. store to apply for LEED (Leadership in Energy & Environmental Design) certification.
Nordstrom Rack on the move

Nordstrom Rack, the off-price division of Nordstrom, continues its expansion, announcing two new upcoming locations.

The retailer plans to open a 28,000-sq.-ft. store at Fashion Outlets of Chicago in Rosemont, Ill., in fall 2016. The property is owned by Macerich.
Connecticut's first Bass Pro Shops opens in $750M mixed-use Steelpointe Harbor

Bridgeport Landing Development, a subsidiary of The RCI Group announced that Connecticut’s first Bass Pro Shops has opened at Steelpointe Harbor located in Bridgeport, Connecticut.

The Steelpointe Harbor Bass Pro Shops is a 150,000 sq. ft. store featuring Uncle Bucks Fish Bowl and Grill restaurant, Black Widow Billiards™ parlor complete with two tournament pool tables, a bowling alley with 12 full lanes, an archery range and aquarium.
JTRE Holdings Acquires Retail Co-op in Soho

JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.
Retail Real Estate Insights. For Retailers. By Retailers.

American casual dining chain Red Robin has experienced nearly half a century of growth and prosperity. From the time the first Red Robin was established in Seattle in 1969, the brand has evolved to become a popular success and a familiar presence in cities and towns across the country. Today, there are more than 520 Red Robin locations nationally, and the brand is well known for its gourmet burgers, family atmosphere and quality beer options.