REAL ESTATE

  • West Elm to open first Washington location

    Brooklyn, N.Y. -- Williams Sonoma-owned home-furnishings retailer West Elm said Tuesday that it will make its Washington State debut with a new store in Seattle, slated to open Oct. 6.

    The 15,000-sq.-ft. store will feature a number of unique design details, according to West Elm, including a living wall and an art installation designed specifically for the location.

    Like other West Elm stores, the Seattle location is designed using green materials and includes low-energy lighting, low-VOC paints and reclaimed hardwood floors.
     

  • Focus on: Retail Finance

  • Kite announces multiple new leases, openings

    Indianapolis -- Kite Realty Group said that that Marco’s Pizza has leased 1,737 sq. ft. at Bridgewater Marketplace, located in Carmel, Ind. Bridgewater Marketplace has a total GLA of 55,180 sq. ft.

    Great Clips has leased 1,627 sq. ft. at Naperville Marketplace located in Naperville, Ill., a 162,111-sq.-ft. center anchored by TJ Maxx, Petsmart and Caputo’s Fresh Market.

    Learning Express Toys has leased 3,704 sq. ft. at Oleander Point in Wilmington, N.C., a 57,782-sq.-ft. Whole Foods-anchored center.
     

  • La Prairie to expand on Fifth Avenue

    New York City -- High-end Swiss cosmetic retailer La Prairie will expand its Fifth Avenue location, between 53rd and 54th Streets.

    According to its real estate representative Cushman & Wakefield, La Prairie will expand and occupy an additional 9,400 sq. ft. and the entire 11th floor of its existing building. The company also occupies the entire 13th and 14th floors.

    La Prairie will occupy a total of 22,110 sq. ft. in the 26-story building.

  • Eight national retailers to open at River Chase

    Covington, La. -- Stirling Properties said Monday that River Chase Shopping Center Phase Two, which broke ground in August, has added eight new national tenants that will bring 85,000 sq. ft. of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012.

  • SRS Real Estate names Newport Beach team members

    Dallas -- SRS Real Estate Partners said Tuesday that it has hired three new team members in the Newport Beach, Calif., office.

    Steve McClurkin, Garrett Colburn and Nichole Slykhous have joined the SRS Newport Beach office to focus on tenant representation, specializing in expanding national retail and restaurant concepts. They will also continue consulting with landlords on outdoor malls/lifestyle centers throughout the western United States.

  • For the Long Haul

  • LaVida Massage to open new center

    Marietta, Ga. -- LaVida Massage said it will open a new location in Marietta, Ga., on Lower Roswell Rd.

    The newest location is slated to open Oct. 1 in 3,000 sq. ft., and is owned and managed by Georgia Master Developers Terry Sharp and Duane Goodwin.

  • AT&T opens at Huntley Grove

    Huntley, Ill. -- Tucker Development Corp. said that AT&T has opened a new store at Huntley Grove, the developer’s 350,000-sq.-ft., multi-tenant shopping center in Huntley, Ill.

    AT&T occupies a 1,000-sq.-ft. space at the center.

    Huntley Grove is anchored by a 176,000-sq.-ft. Walmart Supercenter, joined by State Farm, T-Mobile, AutoZone, The UPS Store and Jimano’s Pizzeria.
     

  • Trend Talk

    Any early skepticism about the longevity of mixed-use has been silenced. The art of combining components to create a live-work-play project has evolved into a science. And those that have become particularly adept at building, leasing and managing mixed-use properties say that the right formula makes for a successful development. 
Chain Store Age talked with three top developers of mixed-use projects and uncovered several trends that are governing, and continuing to evolve, the format.


    Trend #1: Adding local flavor 


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