REAL ESTATE

AMC Randhurst-12 to be first LEED-certified movie theater

BY CSA STAFF

Columbus, Ohio-based Casto announced Tuesday that ground has been broken on the new state-of-the-art AMC Randhurst-12 cinema.

The theater, part of the redevelopment of Casto’s Randhurst Mall in Mt. Prospect, Ill., will be the company’s first LEED (Leadership in Energy and Environmental Design)-certified theater incorporating several elements of environmentally sustainable design ranging from the use of locally sourced materials for construction; energy conservation through the use of efficient mechanical systems with no harmful discharge of CFCs into the environment; and water conservation through the use of low-flow fixtures among several other sustainable initiatives.

The groundbreaking of the theater follows the Randhurst Village openings of Jersey Mike’s, Five Guys, Chipotle Mexican Grill and T Mobile and the announcements of the lease signings of The Sports Authority, Pei Wei Asian Diner, PNC Bank, PetSmart and The Hampton Inn.

“There is a resurgence in the Chicago real estate market and the successful development of Randhurst Village is a perfect example,” according to Brett Hutchens, president, Casto Southeast Realty Services LLC. “For many years Randhurst was a shopping and entertainment destination for the northwest suburbs and the redevelopment will return it to that status.”

The approximately 2,000-seat theater will anchor the Main Street section of Randhurst Village and will replace the existing 16-plex at Randhurst.

Scheduled to open in 2011, Randhurst Village will feature over 1 million sq. ft. of retail and office space.

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REAL ESTATE

DLC providing free WiFi at RECon

BY CSA STAFF

Las Vegas Tarrytown, N.Y.-based DLC Management Corp. is debuting free WiFi access at RECon in Las Vegas.

Available for the first time at ICSC’s RECon show, free WiFi access will be provided by DLC Management at the Las Vegas Convention Center during the duration of the convention May 23-25.

WiFi access will be available at two hot spots -– one in the Central Hall 5 Networking Lounge/Food Court area and the other in the Lower South Hall Networking Lounge/Food Court area -– giving RECon attendees a reliable place to get internet access via their laptops.

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REAL ESTATE

Trans World closing F.Y.E. in suburban Albany

BY CSA STAFF

Albany, N.Y. The F.Y.E. (For Your Entertainment) is closing its store at Latham Farms Shopping Center in suburban Albany, N.Y.

The music and video specialty store is having a going-out-of-business sale before it closes July 9.

F.Y.E. is owned by Trans World Entertainment.

“This was a lease expiration,” Trans World CFO John Sullivan said. “We have a number of leases that expire. We’re either able to make a good deal or not. This is one of those where we just couldn’t come to terms.”

Trans World closed 157 stores during the last fiscal year, including 133 in the fourth quarter. The company ended the fiscal year with 557 stores, including two new ones.

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