REAL ESTATE

Bassett Place opens Premiere/IMAX

BY Michael Fickes

Dallas — The new IMAX Theatre will open at Premiere Cinema IMAX at Bassett Place in El Paso, Texas, on Nov. 21. The new IMAXS screen replaces two standard screen auditoriums. The theater also needed a new 45-ft. high roof to accommodate the new technology. The El Paso location will have one of the largest IMAX theatres in Texas, with a screen 70-ft. long by five stories tall.

The 739,911-sq.-ft. Bassett Place is El Paso’s original shopping mall. Anchors include Costco Wholesale, Kohl’s, Target, Conn’s and Premiere Cinemas IMAX. Bassett Place is the closest major shopping center to El Paso International Airport, Fort Bliss and the Bridge of the Americas connecting the United States to Mexico.

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REAL ESTATE

Trabocco Kitchen signs into Alameda South Shore

BY Michael Fickes

Alameda, Calif. — Trabocco Kitchen and Cocktails, a new restaurant founded by Alameda residents Chef Giuseppe Naccarelli, a native of Palombaro, Italy, and his wife Christine, will open Nov. 18 at South Shore Center in Alameda. The 4,700-sq.-ft. restaurant is located in Center Court, the shopping center’s main plaza.

Trabocci are a type of fishing pier unique to the Adriatic coastline of Italy’s Abruzzo region. “The distinct architectural imagery of the trabocci as well as Alameda’s waterfront location, helped us refine the restaurant’s design and gave a sharper focus to the final materials, colors, and art work,” said Lev Weisbach of Weisbach design | architecture, who oversaw the restaurant’s architecture, interior design and construction.

Trabocco has a 90-seat main dining room, 16-seat private wine room, 30-seat bar area and 56-seat outdoor dining patio. The main dining room features a soaring 35-foot tower crowned by a large skylight and light sculptures inspired by fishing nets, and opens to a contemporary exhibition kitchen. The outdoor patio will be heated so it can be used year round.

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REAL ESTATE

Poll: Retailers expect shoppers earlier this year

BY Michael Fickes

North Plainfield, N.J. — Levin Management’s annual pre-holiday retail sentiment survey has found that retailers expect consumers to begin their holiday shopping sooner this year. Specifically, Levin said that 43.3% of responding retailers believe that holiday sales will peak prior to and during the Thanksgiving/Black Friday weekend sales period.

Only 13.5% believe that sales will peak later — during the weekend before Christmas, a significant drop from last year’s 29.2%.

Levin conducted the survey during October, polling store managers within its 90-property, 12.5-million-sq.-ft. shopping center portfolio on this and other topics related to the upcoming holiday selling season, ecommerce, year-to-date sales and more.

The survey uncovered fears among retailers that the recent government shutdown would affect holiday spending. Nevertheless, more than three quarters of the respondents (77.5%) indicated that they plan to bring in as much as or more inventory than last year. A larger 85.7% of clothing, shoe and accessories retailers indicated that they plan to bring in as much ore more inventory than last season.

Levin noted that this trend lines up with the National Retail Federation’s forecast for a 3.9% sales increase during November and December compared with last year. This exceeds the 3.3% 10-year average holiday sales growth as well as 2012’s 3.5% holiday sales growth.

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