REAL ESTATE

  • New art gallery to open on Lower East Side

    New York -- Winick Realty Group said Tuesday that art gallery Garis & Hahn has leased its first location at 263 Bowery, on the Lower East Side of Manhattan.

    The storefront, located between Stanton and East Houston Streets, consists of 1,789 sq. ft. on the ground floor and 633 sq. ft. in the lower level.

     

  • Lane Bryant to open at two NRDC power centers

    Purchase, N.Y. -- National Realty & Development Corp. said Tuesday that Lane Bryant will open two new locations within its portfolio, Hadley Center in South Plainfield, N.J., and Northampton Crossings in Easton, Pa.

    The plus-size retailer will open a 5,000-sq.-ft. store in each location. Both are slated to open in the spring.

    Hadley Center is a 542,000-sq.-ft. power center anchored by Target, Kohl’s Department Store, Dick’s Sporting Goods, Regal Cinemas and Marshalls Megastore.

  • Walmart to expand presence at Berlin Mall

    Berlin, Vt. -- Berlin Mall LLC announced it has cleared the last two permitting hurdles to begin an 18,700-sq.-ft. expansion of The Berlin Mall, located in Berlin, Vt. The expansion is part of a planned increase in the size of its Walmart anchor store, which will also expand into existing, adjoining retail space at the mall
         
    Construction is slated to start spring 2013.
     

  • New GM named for Heritage Mall

    Albany, Ore. -- Vintage Real Estate announced said Wednesday it has appointed Betsy Penson as general manager of its recently acquired Heritage Mall, located in Albany, Ore.

    Most recently Penson was general manager/marketing director for CenterCal Properties’ Blackhawk Plaza in Danville, Calif. Earlier in her career she was the general manager and marketing director for a 400,000-sq.-ft. lifestyle center, The Streets of Tanasourne in Hillsboro, Ore., and the general manager of the Lancaster Mall in Salem, Ore.

  • Wegmans to open in Alexandria, Va.

    New York -- Wegmans has confirmed plans to open a store in Alexandria, Va., in 2014, according to Washington Business Journal.

    The store will be located in Hilltop Village, which is being developed by Houston-based Weingarten Realty Investors. The project will feature some 250,000 sq. ft. of retail, anchored by the 143,000-sq.-ft. Wegmans, and 100,000 sq. ft. of office.

     

  • Dollar General to open 635 stores in 2013

    New York -- Dollar General Corp. will open 635 new stores in 2013, creating some 6,000 jobs. The chain will also relocate 550 stores this year.

    With the addition of these jobs in 2013, Dollar General said it will have created approximately 30,000 jobs in the last six years.

  • Blockbuster to close 300 stores

    Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.

    The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.

  • Hammacher Schlemmer NYC store to get makeover

    New York -- Hammacher Schlemmer iconic midtown Manhattan store will undergo an extensive floor-to-ceiling renovation. It will reopen May 16.

    The renovation of Hammacher Schlemmer's landmark store will include new lighting, more modern display cases, and a new floor consisting of solid stone and hardwoods. The new store layout will provide more square footage for customers to peruse the latest gadgets and problem-solving products.

  • High-end wine retailer to open on Upper East Side

    New York -- Winick Realty Group announced that a new high-end wine and spirits shop has signed a lease at 1287 First Avenue, between East 69th and East 70th Streets.

    The building owners recently renovated the entire façade of the building and leased out all of the ground-floor retail space. The 1,932-sq.-ft. wine shop features marble and hardwood floors, and is slated to open spring 2013. Co-tenants include Starbucks, Papyrus and Val El Salon and Spa.

     

  • CSA Exclusive: Experts weigh in on Macy’s store closings

    New York -- Macy’s January announcement that it would close some stores in 2013 seems to have generated a disproportionate amount of scrutiny. Is it business as usual for the department store retailer, or is the news representative of something more far-reaching?  

    Click here for our exclusive coverage.

     

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