REAL ESTATE

Target opens its second smallest store yet
Highland Park, Minn. -- Target is going small — really small.

The world’s second smallest Target, a TargetExpress store, is set to open in the Highland Park neighborhood of St. Paul, Minn.

The 16,000-sq.-ft. store, which opens July 22, will feature a pharmacy and cater to a community of families, empty nesters and college students, the Grand Forks Herald reports.
Online beauty retailer Birchbox delving deeper into offline
New York -- Online beauty subscription retailer Birchbox is plunging deeper into brick-and-mortar retailing — and it is seeking customer input to help guide its decision.

Starbucks brews coming to South Africa

New York -- Starbucks Corp. is expanding its already extensive global footprint.

The chain announced it will open its first stores in South Africa next year in a partnership deal with South African management group Taste Holdings. The initial store is scheduled to open in Johannesburg during the first half of 2016.
Tanger launches sustainability effort

Greensboro, N.C. – Outlet shopping center operator Tanger Factory Outlet Centers Inc. is launching new sustainability initiatives for its U.S. locations promoting alternative energy usage.

Among these initiatives is a nationwide electric vehicle (EV) charging network system that will be available at 23 Tanger Outlets locations in the U.S.

Tanger has partnered with ChargePoint Networks to develop and maintain the network providing multiple spaces for EV owners with no added cost.
Comcast’s new Xfinity store format is heavy on interactivity, engagement

Chicago -- Comcast and experience design firm ESI Design have created Studio Xfinity, a retail environment where play, technology, and entertainment combine to create an engaging and fully integrated customer experience.
Report: Whole Foods flagship coming to Atlanta

Austin, Texas – A flagship Whole Foods market is reportedly coming to a corner location in midtown Atlanta. According to the Atlanta Business Journal, the multi-level, 70,000-sq,-ft. will anchor a 14-story mixed-use development that will also include 390 luxury apartments.

Miami-based The Related Group is developing the project, with Smallwood, Reynolds, Stewart, Stewart serving as architect.
World’s largest mall slated for 2016 opening

Doha, Qatar – The world’s largest mall is coming soon. The Mall of Qatar, which will encompass almost 4.2 million-sq.-ft. with 400 shops, a luxury hotel, a family entertainment center, a five-star restaurant and 82 other eating establishments, is slated to open in first quarter 2016.
Macy’s reduces Pittsburgh presence

Cincinnati – Macy’s is reducing its presence in Pittsburgh. The retailer has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty and will close its store in that location.
Now Trending: Co-Working It Out

“Now Trending” is a new exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

As revitalized urban spaces continue to flourish in cities across the country, the concept of co-working spaces has gained considerable traction. The growing popularity of this new workspace arrangement is more than just another piece of the urban puzzle, it is one of the driving forces helping to shape a new generation of emerging urban landscapes.
Miami Beach approves new Whole Foods store design

Austin, Texas – Whole Foods Market has received approval for the design of a planned 40,000-sq.-ft. store from the Planning and Design Review Board of the City of Miami Beach. The design features a well-proportioned grid of white concrete, establishing a pedestrian loggia at the ground level, and a floating garden above that screens the parking.