REAL ESTATE

  • Fuddruckers to Algonquin Commons in Algonquin, Ill.

    Algonquin, Ill. — Fuddruckers has opened a 6,600-sq.-ft. fast casual restaurant in the Algonquin Commons lifestyle center in Algonquin, Ill., a northwest suburb of Chicago. The new restaurant replaces a Cheeseburger in Paradise, according to Luby’s, Inc., the parent company of both brands and the owner of the site.

    The Algonquin Commons restaurant will showcase Fuddruckers’ new interior scheme, which pays homage to the chains roadhouse look, while refreshing the look to cater to today’s more sophisticated tastes.

  • Bovet watchmaker to open midtown Manhattan flagship

    New York -- Swiss watchmaker Bovet 1822 will open a New York City flagship, just its fourth boutique in the world.

    The 50 Central Park South store in the heart of midtown Manhattan is in the base of the Ritz-Carlton Hotel. The classic yet modern space incorporates walnut furniture lined with suede.

  • RadioShack opens concept store in Virginia Dec. 14

    Fort Worth, Texas -- RadioShack will open its newest Fairfax, Va. location as a concept store on Dec. 14. The new store is the first concept store in this area.

    All concept stores in the company's portfolio feature an upgraded shopping experience, which showcases the company's new look, and incorporates interactive areas designed to help shoppers improve their technology profile. Some features include:

  • ICSC 2013 New York conference attendance spikes

    New York — Nearly 7,600 attendees packed into the International Council of Shopping Centers New York National Conference and Deal Making, a 9.6% spike over last year and the largest year-on-year increase since 2009.

    “The New York Conference acts as a strong bellwether for industry growth in the year to come,” said Michael P. Kercheval, president and CEO of ICSC. “When the conference sees an increase in attendance, the industry grows the following year; if attendance contracts, so too does the industry.”

  • Phase I of Watertown, Mass., Arsenal Project is complete

    Boston — Boylston Properties and The Wilder Companies have completed phase one of the redevelopment of the Arsenal Mall in Watertown, Mass.The companies marked the occasion by announcing a new name for the mall: The Arsenal Project.

    Completed enhancements to The Arsenal Project include a reconfigured interior layout with new seating, upgrades to the building’s exterior and landscaping. Oversized metal tree-planters now line Arsenal Street, the center’s entrance and other areas throughout the development.

  • Glimcher elects two new board members

    Columbus, Ohio — Glimcher Realty Trust has announced that its Board of Trustees has elected Yvette McGee Brown, Esq. and Nancy J. Kramer to serve as trustees on the Board, effective Dec. 12. McGee Brown and Kramer are eligible to be nominated for re-election to the Board at the company’s 2014 Annual Meeting of Shareholders.

  • Sportech to debut new sports concept

    New Haven, Conn. -- Sportech Venues, owner and operator of Winners sports bars and OTB in Connecticut, will launch a major new concept in sports entertainment at the Bradley Teletheater adjacent to Bradley International Airport, in Windsor Locks. Construction concludes shortly, with the opening planned for early January 2014.

  • Mall operators Simon, Macerich, and Westfield launch same-day delivery with Deliv

    Palo Alto, Calif. -- Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season. This follows a similar same-day delivery partnership announcement from General Growth Properties (GGP).

  • Sarah’s Kitchen inks Midtown Manhattan lease

    New York — Sarah’s Kitchen has signed a lease for a 9,150-sq.-ft. space at 270 Madison Ave., between East 39th and East 40th Streets in Midtown Manhattan. Expected to open in third quarter 2014, the eatery will occupy approximately 6,350 sq. ft. on the ground floor and 2,800 sq. ft. in a mezzanine.

    PD Properties represented Sarah’s Kitchen, which is part of the same restaurant group that operates Delmonico’s Gourmet Food Market. Winick Realty Group represented the landlord, ABS Partners in the transaction.

  • Belk to Juban Crossing in Livingston Parish, La.

    Charlotte, N.C. — A 75,000-sq.-ft. Belk will anchor the Juban Crossing lifestyle center in Livingston Parish, La., in the fall of 2014. Construction of the $7 million store will begin in February.

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