REAL ESTATE

BFC Partners to build outlet retail/hotel complex on Staten Island

BY Staff Writer

New York — BFC Partners, a New York real estate development company, announced plans to develop a new retail complex and hotel, with the working name of Harbor Commons, on a site adjacent to the Richmond County Bank Ballpark in St. George, Staten Island, N.Y.

Harbor Commons will be an approximately 350,000-sq.-ft. retail complex along with a 120,000-sq.-ft. hotel, totaling 470,000 sq. ft. The retail complex will be comprised of approximately 100 designer outlets along with a variety of restaurants and cafes.

BFC Partners said it will invest approximately $230 million to complete the project, which is slated to start construction in winter 2014 and be completed in 2016.

BFC Partners has retained EWB Development and Casandra Properties to manage the center and provide marketing, management and leasing services at Harbor Commons.

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A.Davis says:
Jul-16-2013 05:44 am

That would obviously increase the popularity of the real estate firm and it would benefit many individuals by terms of getting a work on this project. That would also imply a big impact to penang hotels in Malaysia for it is adjacent to those hotels there.

A.Davis says:
Jul-16-2013 05:44 am

That would obviously increase the popularity of the real estate firm and it would benefit many individuals by terms of getting a work on this project. That would also imply a big impact to penang hotels in Malaysia for it is adjacent to those hotels there.

D.Spencer says:
Mar-18-2013 11:17 am

Thinking from an entrepreneur`s perspective, hotels might be a good focus location to enhance visibility in front of many kinds of target public and many kinds of market segments. Tourists are relaxed when booking a room in a hotel, they are open to visiting fares and stores, they have the time and the money to make some purchasing to their own delight and taste. This might be a good move.

D.Spencer says:
Mar-18-2013 11:17 am

Thinking from an entrepreneur`s perspective, hotels might be a good focus location to enhance visibility in front of many kinds of target public and many kinds of market segments. Tourists are relaxed when booking a room in a hotel, they are open to visiting fares and stores, they have the time and the money to make some purchasing to their own delight and taste. This might be a good move.

P.Banik says:
Mar-13-2013 01:35 pm

That is a grand project, with growth in tourism there is a growing demand among the tourists for resorts, hotels as well as for special resorts like Colorado ski resorts.

P.Banik says:
Mar-13-2013 01:35 pm

That is a grand project, with growth in tourism there is a growing demand among the tourists for resorts, hotels as well as for special resorts like Colorado ski resorts.

A.Marius says:
Feb-28-2013 01:56 pm

A hotel was needed in that area, a friend of mine from New South Wales came in St. George, Staten Island and there was only one hotel he could check in, but the conditions were very bad. A new hotel will boost the tourism in the area because there are a lot of great places to visit.

A.Marius says:
Feb-28-2013 01:56 pm

A hotel was needed in that area, a friend of mine from New South Wales came in St. George, Staten Island and there was only one hotel he could check in, but the conditions were very bad. A new hotel will boost the tourism in the area because there are a lot of great places to visit.

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REAL ESTATE

Edens names former Lowe’s exec as CIO and managing director

BY Staff Writer

Columbia, S.C. — Edens announced that Joyce Vonada has joined the company as chief information officer and managing director, charged with establishing a team positioned to deliver innovative technology solutions that empower Edens’ employees, enrich customers’ shopping experiences and create a connection between their centers, retailers and communities.

"Today, we know that over 80% of shoppers are using social media and mobile devices to gather information and share reviews and comments before they ever visit our retail centers. Retailers must be where their shoppers are and participate by delivering personal, relevant, and engaging experiences across the entire path to purchase," said Terry Brown, CEO, Edens.

Prior to joining Edens, Vonada served as senior VP IT business solutions at Lowe’s Cos., overseeing significant investments in technology to empower retail associates with the tools they need to improve customer service and make it simple for customers to engage on their terms whether in store, online or mobile.

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Agree Realty announces re-tenanting and disposition of Borders assets

BY Staff Writer

Farmington Hills, Mich. — Agree Realty Corp. said it has executed two leases and completed a disposition of the company’s remaining assets that were formerly leased to Borders.

The company has executed a lease with HomeGoods for the building formerly occupied by Borders in Monroeville, Pa. HomeGoods, a TJX Cos. banner, will occupy the space effective third quarter of 2013.

Agree also closed on the sale of a 21,000-sq.-ft. single-tenant property formerly leased to Borders located in Columbus, Ohio. The property was sold for approximately $1.7 million. Also, Agree entered
into a lease with the City of Lawrence for the former Borders location in Lawrence, Kan. Rent is anticipated to commence during the fourth quarter of 2012.

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