REAL ESTATE

Cabela’s to open Indy-area store in fall 2015

BY Dan Berthiaume

Sidney, Neb. — Cabela’s Incorporated plans to open a store in Noblesville, Ind., serving the greater Indianapolis area. Construction is scheduled to begin later in 2014 and the store is expected to open in fall 2015.

The 80,000-sq.-ft. store will be located in the new Saxony Campus development adjacent to Hamilton Town Center. It will be Cabela’s second Indiana store, joining the Hammond location opened in 2007, and is expected to employ approximately 170 full-time and part-time employees.

The store will be built in Cabela’s next-generation layout, designed to surround customers in a complete outdoor experience. The building’s exterior will reflect Cabela’s popular store model with log construction, stonework, wood siding and metal roofing. A large glass storefront will allow customers to view much of the store’s interior as they approach the building.

The interior will feature thousands of quality outdoor products, as well as museum-quality wildlife displays, a mountain with a built-in aquarium, gun library, bargain cave, indoor archery range and archery tech room, fudge shop and deli. Currently, Cabela’s operates 51 stores across North America and has announced plans to open an additional 23 over the next two years

“We hope outdoorsmen and women across Indiana are as excited as we are about this store, which will be extraordinary in every way,” said Tommy Millner, Cabela’s CEO. “For years, thousands of Hoosiers have faithfully supported Cabela’s through our catalogs, website and neighboring retail locations. Now those loyal customers have a second Cabela’s store to call their own.”

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REAL ESTATE

Report: Shopping center planned for Shreveport, La.

BY Dan Berthiaume

Shreveport, La. – Houston-based developer NewQuest Properties is reportedly planning to build a roughly 22-acre shopping center in southwest Shreveport, La. According to the Shreveport Times, the center will be known as Camp Forbing Town Center and be located on a 47-acre parcel owned by the YMCA.

The center, slated to open in 2016 at the earliest, will reportedly be anchored by a 120,000-sq.-ft. grocery store. The developers would not comment on which grocery chain would occupy the store, but Kroger representatives said it would not be that company.

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Iconic Vegas mall to receive major renovation

BY Katherine Boccaccio

Las Vegas — 1960s-era The Boulevard Mall will receive a $25 million makeover in hopes of prompting an overall redevelopment of the Maryland Parkway corridor of Las Vegas.

The rehab, to be launched by owner Sansone Cos., which acquired the mall last December for $54.5 million, will be the property’s first major renovation in more than two decades. Sansone is looking at the renovation of the Boulevard as a catalyst in the overall redevelopment effort of the Maryland Parkway corridor.

Officially approved in a Wednesday Planning Commission meeting, construction on the 1.2-million-sq-ft. property will start in mid-2014. Sansone plans to invest approximately $23 to $25 million in the mall’s redevelopment, which will include a new line-up of stores, restaurants and entertainment venues; redesigned façade and landscape; and enhancements to surrounding areas on Maryland Parkway. The changes will take place in several phases and be completed by 2015.

"The Boulevard Mall is renowned in the Las Vegas community but is in need of major updates to restore its relevancy for today’s consumer shopping experience," said Roland Sansone, founder of Sansone Cos. "When we took ownership of the property, we not only saw it as an opportunity to breathe new life into the mall, but to Maryland Parkway as well."

Originally built in 1965, The Boulevard is anchored by Macy’s, Sears, Marshalls, J.C. Penney and Old Navy.

In addition to impending new-tenant announcements, the owners are planning a new façade that faces Maryland Parkway and its corridor. There will be a redesigned entrance including new storefronts, awnings and landscaping, in addition to new modern colors on the exterior.

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