Atlantic Plaza II to launch development
Delray Beach, Fla. CDS International Holdings announced Wednesday that Atlantic Plaza II, a suburban downtown mixed-use destination, is beginning construction. The $325-million project will transform two existing city blocks on “Main and Main” in Delray Beach into a pedestrian-oriented development that includes retail, office and upscale residences.
According to Bill Milmoe, president of CDS, Atlantic Plaza II is taking advantage of the urban infill location to build a 132,000-sq.-ft. outdoor lifestyle center, 106,000 sq. ft. of downtown office space, 197 apartments, townhomes and lofts, and an underground parking for 1,000-plus cars.
“Delray Beach’s downtown is one of the most robust, attractive and successful in the dynamic South Florida market,” said Milmoe. “It has become a well-known regional destination for both residents and tourists from throughout the entire South Florida area.”
Milmoe said the company assembled the property over the past two years and will be working with joint-venture partners to develop the site. Infrastructure work is projected to take approximately 18 months, with development to occur in three phases over the next five to seven years.
Fresh & Easy set to open four stores in July
El Segundo, Calif. Fresh & Easy Neighborhood Market Wednesday announced plans to open four stores in July, which will be the chain’s first stores to open in California’s Pasadena, Oxnard and Santa Barbara counties.
Fresh & Easy, the U.S. division of Tesco, currently operates 120 stores in California, Arizona and Nevada.
Barnes & Noble to open flagship on Manhattan’s Upper East Side
New York City Barnes & Noble will open a two-level, 55-sq.-ft. flagship on the Upper East Side of Manhattan, on June 19.
Special enhancements for the new store include an advanced cash wrap queuing system, a custom neighborhood mural in the store’s lobby with a video wall and video streams of live information and entertainment displayed on video walls throughout the store, and stroller parking in the B&N Jr. section for families on the go.