TENANT UPDATE

Think the road ahead is clear for malls and shopping centers needing to win over web shoppers and millennials? Think again.

The residential overflow from Brooklyn’s storied Williamsburg section is spilling into neighboring Bushwick.

Entertainment and dining are the current bywords of brick-and-mortar retail, and one will be replacing the other in a remake of a center in Asheville, North Carolina.

The D.C. area’s Mall at Prince Georges has announced the arrival of a new slate of off-price tenants in PREIT’s remerchandising of the property.

Thousands of Iowans converged in Des Moines this week to register a vote for value retail.

The re-making of Preston Royal Village in North Dallas is being headlined by two gustatory giants of the day.

NewMark Merrill Mountain States this week issued a double-barreled press release: It closed on a $62 million refinancing of the Village at the Peaks and opened the Boulder-area center at close to 90% capacity.   The $100 million, 442,000-sq.-ft. had been under development for five years in a public/private partnership between NewMark Merrill and the city of Longmont. New financing was provided by Allianz Real Estate of America.  

Art Van Furniture will take over a 34,000-sq.-ft. space vacated by H.H. Gregg at Gurnee Town Center in Illinois, according to owner Retail Properties of America, Inc. The electronics chain filed for Chapter 11 bankruptcy protection earlier this year.   Art Van will bring the center to 98% occupied, according to RPAI, joining DSW, Old Navy, Starbucks, Ross Dress for Less, Five Below, and Bath & Body Works at the center west of Waukegan.