REAL ESTATE

Belmont Chase, Ashburn, Virginia

BY Katherine Boccaccio

When Regency Centers signed Whole Foods Market to anchor its new retail development — Belmont Chase — in Ashburn, Virginia, the developer further elevated an already exciting project.

With a projected summer 2015 opening, the 80,000-sq.-ft. center will include metro-D.C.’s first Cooper’s Hawk Winery and Restaurant, Cava Mezze Grill, Peet’s Coffee and Tea, and PR Fresh Look Salon, among other soon-to-be-announced restaurants and retailers.

The 40,000-sq.-ft. Whole Foods marks its first store in wealthy Loudoun County with this newest store. Cooper’s Hawk Winery and Restaurant also makes its market debut in Belmont Chase with an 11,000-sq.-ft. location. Both Cava Mezze Grill and Peet’s Coffee and Tea are continuing their market expansion with the additions.

“The anticipation for this development has been palpable,” said Devin Corini, VP Investments, Regency. “Northern Virginia, especially Loudoun County, has experienced tremendous growth. Belmont Chase will raise the bar for retail in Loudoun County.”

As a cornerstone of the growing Belmont Executive Center, the 18-acre Belmont Chase will offer approximately 80,000 sq. ft. of retail, dining and professional services. The center will include amenities for community enjoyment including outdoor gathering spaces, dining patios, lakeside views in a relaxing atmosphere and elegant design elements with reclaimed wood, brick and steel. Additionally, Regency Centers is committed to the pursuit of LEED Certification for its retail shops.

Belmont Chase is located in Belmont Executive Center, at the intersection of Claiborne Parkway and Leesburg Pike (US-7), and at the gateway of the Toll Brothers’ 2,137-home golf course community, Belmont Estates. Belmont Chase will serve as a catalyst for continued development of Belmont Executive Center, which includes 1.2 million sq. ft. of future office space and hotel uses.


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Westchester’s Ridge Hill mall to add indoor skydiving

BY Dan Berthiaume

Yonkers, N.Y. – Forest City Ratner Companies, the developer and owner of Westchester’s Ridge Hill mall in Yonkers, New York, is adding an indoor skydiving facility, one of only 14 in the U.S.

IFly Indoor Skydiving will break ground this fall with an estimated completion date in early 2015.

The IFly experience is powered by four fans located at the top of the building that create a cushion of air within the wind tunnel on which a person can safely float. No special skills are required and almost anyone older than three can participate.

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Nordstrom to close Florida Mall store

BY Marianne Wilson

Orlando, Fla. — Nordstrom announced plans to shutter its store in the Florida Mall Orlando, Florida. Originally opened in 2002, the store will close its doors on August 16, 2014.

"We never like to close a store because we create such great relationships with our customers and employees – and over the past 12 years we’ve certainly done that here at our Florida Mall store," said Jamie Nordstrom, president of stores for the company. "Our lease for the store is up. To make a long-term commitment to this community and renew our lease, we would need to make a significant investment in this store so that we’re not offering our customers a substandard experience. Despite our team’s best efforts, the store’s performance doesn’t support making that kind of investment."

Nordstrom said it remains committed to serving customers in Orlando at its Millenia Crossing Rack, one of 10 Racks in the state, and at the company’s other eight Nordstrom full-line stores in Florida.

The retailer is also opening a new full-line store at St. Johns Town Center in Jacksonville on Oct. 10 and two new Rack stores in West Palm Beach (Oct. 9) and Lake Brandon (Oct. 30).

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