REAL ESTATE

Buckle to open at Twelve Oaks

BY CSA STAFF

Novi, Mich. The Buckle will be the newest addition to a lineup of over 200 stores and services at Twelve Oaks Mall in Novi, Mich., when it opens this fall.

Twelve Oaks is a major regional shopping center anchored by Nordstrom, Macy’s, Lord & Taylor, J.C. Penney, Sears and the Lifestyle Cafe Food Court. 

Also opening at Twelve Oaks will be Tin Fish Restaurant, a locally based favorite slated to debut in time for the holidays. Another, more casual, food offering coming to the mall is A&W, opening in the fall, and will be joined by Sanders soda fountain.

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REAL ESTATE

Harris Teeter to open new eco-friendly grocery store

BY CSA STAFF

Mt. Pleasant, S.C. Harris Teeter is breaking ground on a new, environmentally friendly store that will anchor the 60,500-sq.-ft. Rivertowne Place shopping center in Mt. Pleasant, S.C.

As proposed, the 53,000-sq.-ft. Harris Teeter will be part of South Carolina’s first shopping center to be registered under the Green Building Council’s Leadership in Energy and Environmental Design program. Sustainable attributes include recycled construction materials, low-flow toilets, energy-efficient lighting and new refrigeration methods.

“We are going to recycle as much as possible,” said Dawn Reeves, director of environmental sustainability for Harris Teeter.

The Rivertowne store is part of an expansion plan that the Matthews, N.C.-based grocery chain mapped out last year. At least six locations have been proposed for the local area. The Mt. Pleasant store will be the company’s third in the town.

Harris Teeter opened its first LEED-certified grocery store May 6 near Charlottesville, Va. Two others are in the works, in northern Virginia and Maryland.

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Wal-Mart’s first India wholesale store opening

BY CSA STAFF

New Delhi, India Wal-Mart Stores plans to open next week its first wholesale retail venture with Bharti Enterprises, parent of India’s top private phone company, a spokeswoman for the venture said Wednesday.

Wal-Mart and Bharti agreed in 2007 to launch a 50-50 joint venture for a new chain of wholesale stores in India to serve small retail shops.

“We will open a store next week [in Amritsar in northern India],” said the spokeswoman for Bharti Wal-Mart Private Ltd.

Under India’s foreign investment rules, no foreign direct investment is permitted in the retail sector — except for single-brand stores such as Nokia or Reebok — as part of a bid to protect local retail players. This means foreign groups such as Wal-Mart have to sign franchise deals with local companies to enter the Indian market.

The venture will be the first of 10 to 15 planned wholesale outlets, according to the joint venture deal.

The Bharti Wal-Mart stores are not open to retail shoppers but will serve small shops, fruit and vegetable sellers, restaurants and other business outlets.

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