Content about Shopping mall

June 18, 2013
Regency Centers breaks ground at Juanita Tate Marketplace

Regency Centers Corp. has broken ground on Juanita Tate Marketplace, a $21 million grocery-anchored shopping center in underserved South Central Los Angeles.

Los Angeles -- Regency Centers Corp. has broken ground on Juanita Tate Marketplace, a $21 million grocery-anchored shopping center in underserved South Central Los Angeles.

Anchors include a 42,500-sq.-ft. Northgate Gonzalez Market and a 14,576-sq.-ft. CVS/pharmacy. The remaining space will include small shops, quick-service restaurants and a 1050-sq.-ft. educational community center operated by Concerned Citizens of South Central Los Angeles, a community revitalization group once led by Juanita Tate, who died in 2004.

June 4, 2013
Schimenti breaks ground on center to house all Bed Bath & Beyond brands

Schimenti Construction Company breaks ground on a $15 million retail shopping development in the Deptford Town Center shopping center in Deptford, N.J.

Ridgefield, Conn. -- Schimenti Construction Company breaks ground on a $15 million retail shopping development in the Deptford Town Center shopping center in Deptford, N.J. The one-story 100,000-sq-ft. building will be the first to include every Bed Bath & Beyond brand under one roof: Bed Bath & Beyond, Christmas Tree Shops, buybuy Baby and Harmon Face Values.

May 30, 2013
DDR opens Belgate Shopping Center

Beachwood, Ohio-based DDR Corp. has announced the opening of Belgate Shopping Center, the company's first ground-up domestic development in over four years.

Charlotte, N.C. -- Beachwood, Ohio-based DDR Corp. has announced the opening of Belgate Shopping Center, the company's first ground-up domestic development in over four years.

Belgate is a 100% leased, 900,000-sq.-ft. prime power center located in Charlotte, N.C., anchored by Ikea, Walmart and a complimentary lineup of junior anchors including Marshalls, Ulta, Old Navy, Petco, Cost Plus World Market, Hobby Lobby and Shoe Carnival.

May 30, 2013
Forest City chief named ICSC chairman

The International Council of Shopping Centers announced that David J. LaRue, president and CEO of Forest City Enterprises, has been elected by ICSC’s Board of Trustees to serve as the association’s chairman for the 2013–2014 term.

New York -- The International Council of Shopping Centers announced that David J. LaRue, president and CEO of Forest City Enterprises, has been elected by ICSC’s Board of Trustees to serve as the association’s chairman for the 2013–2014 term.  

LaRue assumed his role as chairman on May 20 during RECon, ICSC’s annual meeting in Las Vegas.  He succeeds Brad Hutensky, president and principal of Hutensky Capital Partners.

May 30, 2013
ICSC names divisional VP, Europe

The International Council of Shopping Centers’ executive committee has elected Marcus Wild, CEO of SES Spar European Shopping Centers, as divisional VP for the association’s European division.

London — The International Council of Shopping Centers’ executive committee has elected Marcus Wild, CEO of SES Spar European Shopping Centers, as divisional VP for the association’s European division.

May 20, 2013
Mall shoppers thrive on experience

Shopping malls continue to be popular with consumers because they offer hands-on shopping experience, according to results of a new survey from Glimcher Retail Monitor.

COLUMBUS, Ohio — Shopping malls continue to be popular with consumers because they offer hands-on shopping experience, according to results of a new survey from Glimcher Retail Monitor. Consumers cite reasons such as ability to try on clothes and accessories (74%), the shopping experience (55%) and store variety (49%) for going to the mall.

May 7, 2013
Glimcher Gets Some Fresh Air

The Glimcher Realty Trust pipeline is filled with open-air centers. "We're seeing a lot of opportunity in the market and even our own portfolio with open-air right now," said Michael P. Glimcher, chairman and CEO, Columbus, Ohio-based Glimcher.

Over the last three years, Glimcher has acquired five properties. Four were open-air. Today, open-air centers account for about 20% of the company's 29 properties.

Recently, Glimcher shared his insights about open-air and enclosed centers with Chain Store Age contributing writer Michael Fickes.

May 6, 2013
A Fashion First

When The Mall at Bay Plaza opens to the public in 2014, adjacent to the highly successful outdoor Bay Plaza Shopping Center, it will be heralded as the first enclosed fashion mall in the New York City area in nearly 40 years.

When The Mall at Bay Plaza opens to the public in 2014, adjacent to the highly successful outdoor Bay Plaza Shopping Center, it will be heralded as the first enclosed fashion mall in the New York City area in nearly 40 years.

That’s big news. Particularly at a time when new development has taken a back seat to redevelopment of existing assets.

May 6, 2013
Taubman’s Michigan shopping centers designated ‘stormready’

Taubman said that all four of its shopping centers in the state of Michigan -- Fairlane Town Center, Great Lakes Crossing Outlets, The Mall at Partridge Creek and Twelve Oaks Mall – have received StormReady designation from the National Weather Service, a component of the National Oceanic and Atmospheric Administration.

Bloomfield Hills, Mich. -- Taubman said that all four of its shopping centers in the state of Michigan -- Fairlane Town Center, Great Lakes Crossing Outlets, The Mall at Partridge Creek and Twelve Oaks Mall – have received StormReady designation from the National Weather Service, a component of the National Oceanic and Atmospheric Administration.

April 25, 2013
Spanish restaurant to open at Suniland Shopping Center

Terranova Corp. said that it has signed a deal with Spanish restaurant chain 100 Montaditos to open a unit at Suniland Shopping Center, in Pinecrest, Fla.

Pinecrest, Fla. -- Terranova Corp. said that it has signed a deal with Spanish restaurant chain 100 Montaditos to open a unit at Suniland Shopping Center, in Pinecrest, Fla.

100 Montaditos has signed a lease for 2,500 sq. ft. in Suniland, where it is projected to open in fourth quarter 2013. It is the third deal Terranova has transacted with 100 Montaditos, which it has signed in Coral Gables’ Miracle Mile and in downtown Miami’s Vizcayne, a condo tower with ground-floor retail.
    

 

April 5, 2013
Galleria at Sunset to undergo $7 million remodel; H&M to open

One of Southern Nevada’s largest shopping centers is set to undergo a $7-million renovation, its largest since it opened in 1996.

Henderson, Nev. -- One of Southern Nevada’s largest shopping centers is set to undergo a $7 million renovation, its largest since it opened in 1996. According to mall owner, Cleveland-based Forest City Enterprises, construction is scheduled to begin early April and is slated for completion in the fall.

Boutique Talulah will join H&M in the newly renovated mall. Bath & Body Works and Express stores will relocate to new locations inside the center.

April 5, 2013
Phoenix Premium Outlets officially opens

Simon Property Group announced that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

Chandler, Ariz. -- Simon Property Group announced Friday that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.   
 

March 15, 2013
Adding Context

Expect no prophesying about the death of enclosed malls. The format is alive and well, and there are countless examples of thriving under-roof shopping centers around the country.

Still, there is no question that the open-air format has stolen mall thunder.

March 13, 2013
U.S. Bank closes on $46 million loan for Pier Park North

Columbus, Ohio-based Casto said that its JV partners The St. Joe Co. and Strategic Retail Advisors, along with U.S. Bank, have closed on a $46 million construction loan that will finance The Pier Park North Shopping Center, a 360,000-sq.-ft. shopping center in Panama City Beach, Fla.

Panama City Beach, Fla. -- Columbus, Ohio-based Casto said that its JV partners The St. Joe Co. and Strategic Retail Advisors, along with U.S. Bank, have closed on a $46 million construction loan that will finance The Pier Park North Shopping Center, a 360,000-sq.-ft. shopping center in Panama City Beach, Fla.

March 7, 2013
Big Lots to open at Park Shore Shopping Center

Brixmor Property Group said that Big Lots will open a new store at Park Shore Shopping Center, located in Naples, Fla.

Naples, Fla. -- Brixmor Property Group said that Big Lots will open a new store at Park Shore Shopping Center, located in Naples, Fla.

The 35,080-sq.-ft. store will open this year. Park Shore is owned and operated by Brixmor, based in New York City.

 

March 4, 2013
Target to open three pilot stores in Canada on March 5

Target announced that it is opening three pilot stores in Ontario on March 5 at Stone Road in Guelph, Milton Mall Shopping Centre in Milton and Gates of Fergus in Fergus.

Mississauga, Ontario -- Target announced that it is opening three pilot stores in Ontario on March 5 at Stone Road in Guelph, Milton Mall Shopping Centre in Milton and Gates of Fergus in Fergus. The three pilot stores are the first Target locations to open in Canada, and the first of 124 Target stores that will open across the country throughout 2013.
 

February 8, 2013
Report: Shopping center industry Q4 profit rises 4.3%

A report released by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.

New York -- A report released Thursday by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.  

Total operating income of all U.S. shopping centers on a square foot basis rose 3.6% over the year-ago period.

For all of 2012, the U.S. shopping-center industry posted a 3.6% rise in NOI.

January 25, 2013
Report: Chicago-area shopping center development shows uptick

A report by Mid-America Real Estate Corp. found that 2012 shopping center construction in the Chicagoland area grew 10% year-over-year, after a four-year decline.

Oakbrook Terrace, Ill. -- A Friday report by Mid-America Real Estate Corp. found that 2012 shopping center construction in the Chicagoland area grew 10% year-over-year, after a four-year decline.

According to the 2012-2013 Chicagoland Shopping Center Report, square footage increased from 1.02 million sq. ft. of space in 2011 to 1.14 million sq. ft. – a difference of about 113,000 sq. ft.

January 24, 2013
Office Depot to open at Lincoln Square Shopping Center

Transwestern announced that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

Arlington, Texas -- Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

 

December 19, 2012
Report: U.K. holiday shopping still behind 2011

A report released by the International Council of Shopping Centers and Path Intelligence found that, although U.K. consumers are stepping up their shopping at the nation’s shopping centers, the pace is still trailing 2011.

London -- A report released Wednesday by the International Council of Shopping Centers and Path Intelligence found that, although U.K. consumers are stepping up their shopping at the nation’s shopping centers, the pace is still trailing 2011.

December 3, 2012
Casto, St. Joe, SRA team to develop Pier Park North

The St. Joe Co., together with Casto and Strategic Retail Advisors, announced a joint venture to develop Pier Park North, a 390,000-sq.-ft. shopping center located across from Pier Park Lifestyle Center in Panama City Beach, Fla.

Panama City Beach, Fla. -- The St. Joe Co., together with Casto and Strategic Retail Advisors, announced a joint venture to develop Pier Park North, a 390,000-sq.-ft. shopping center located across from Pier Park Lifestyle Center in Panama City Beach, Fla.

Confirmed retailers include Dick’s Sporting Goods, Michaels, Pier 1 Imports and Kirkland’s. Pier Park North anticipates opening in spring 2014.

November 27, 2012
Focus on: Shopping Center Management

If there is one booming business inside the shopping center industry, it’s that of third-party management. 

Shopping center management — whether you’re talking operational control, marketing programs and strategies, or leasing — is growing by leaps and bounds, as owners find alternative ways to fill the coffers when new construction is at a standstill.

October 25, 2012
Uniqlo’s Mall Play

Uniqlo has made its first move in an ambitious plan to become a major presence in shopping malls throughout the nation. The company, Japan’s largest retailer and a division of Fast Retailing Co., has jump-started its U.S. expansion with the opening of a 43,000-sq.-ft. store in Westfield Garden State Plaza, Paramus, N.J.

September 25, 2012
ICSC: Holiday chain store sales to rise 3%

A holiday preview report released by the International Council of Shopping Centers said that sales are forecasted to rise 3% during the traditional November-December 2012 holiday period.

New York -- A holiday preview report released Tuesday by the International Council of Shopping Centers said that sales are forecasted to rise 3% during the traditional November-December 2012 holiday period.

Additionally, ICSC said it anticipates that the other two measures of U.S. industry holiday sales – shopping-center sales and GAFO-store sales – will increase slightly as well.  

September 19, 2012
New tenant to open at Four Corners Shopping Center

Houston-based Baker Katz, an X Team International partner, announced that Spec’s Wines, Spirits and Finer Foods is the newest tenant to sign a lease at Four Corners Shopping Center in Tomball, Texas.

Tomball, Texas -- Houston-based Baker Katz, an X Team International partner, announced that Spec’s Wines, Spirits and Finer Foods is the newest tenant to sign a lease at Four Corners Shopping Center in Tomball, Texas. Spec’s will open a 22,000-sq.-ft. store.