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THE SHOPS AT 1700 & RESIDENCES AT 1700
Location: Minnetonka, Minnesota
Size: 155,000 sq. ft.
Owner: 1700 Plymouth LLC (a joint venture, including co-developers Paster Properties LLC and Bader Development LLC)
Key Tenants: Signed lease with Highland Bank, and currently in negotiations with several retailers
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Nordstrom Rack to relocate to expanded Serramonte Center
Nordstrom plans to relocate its Nordstrom Rack store from 280 Metro Center to the redeveloped Serramonte Center in Daly City, California.
The approximately 40,000-sq.ft. store is scheduled to open in fall 2017. The redeveloped property is owned by Equity One.
Nordstrom will join fellow anchors Target, JC Penney, Macy's and Dick's Sporting Goods. The new location is just across Highway 280 from the current Nordstrom Rack.