REAL ESTATE

Capital City Mall opens first DSW in Harrisburg, Pa., area

BY Katherine Boccaccio

Camp Hill, Pa. — Philadelphia-based Pennsylvania Real Estate Investment Trust announced that DSW has opened a 17,500-sq.-ft. store at PREIT’s Capital City Mall property, located in Camp Hill, Pa.

The mall completed the space for DSW — the retailer’s first in the area — by building on an additional 5,000 sq. ft.

Capital City Mall is anchored by J.C. Penney, Sears, Macy’s and Old Navy, and features more than 95 specialty retailers including Build-a-Bear, Charlotte Russe, Forever 21, Yankee Candle, Express, Gymboree, Men’s Wearhouse, and New York & Co.

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REAL ESTATE

Bayer to manage Bridge Street Town Centre

BY Katherine Boccaccio

Huntsville, Ala. — Birmingham, Ala.-based Bayer Properties said it has been engaged by Institutional Mall Investors to oversee management of Bridge Street Town Centre, a mixed-use outdoor fashion center in Huntsville, Ala. IMI’s assets now represent 2 million sq. ft. of Bayer’s 12 million-sq.-ft. owned and managed portfolio.

Located in the heart of Cummings Research Park, one of the largest research parks in the U.S., the 600,000-sq.-ft. Bridge Street Town Centre features over 70 specialty shops and restaurants as well as a 14-screen Monaco Pictures. Non-retail components of the mixed use project (owned by others) include a 210-room Westin Hotel as well as a 144,000-sq.-ft. office building.

An additional 220,000 sq. ft. of specialty retail, department store and restaurant space is planned to open in the fall of 2014, with construction starting this spring. This new development phase will be anchored by a 170,000-sq.-ft., two-story flagship Belk department store.

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REAL ESTATE

Wayside to see new tenant openings as part of revitalization

BY Katherine Boccaccio

Boston — The Wilder Cos. announced that Ethan Allen and Starbucks, along with Potbelly Sandwich Shop, will open at Wilder’s Wayside property in Boston – all part of a multi-phase revitalization project.

Ethan Allen will occupy 12,272 sq. ft. in the lower level of the former Borders location. The store will have a major presence on the upper level as well, with an entrance between L.L. Bean and the new Seasons 52 restaurant. Starbucks will take a high-visibility endcap location in 1,589 sq. ft. next to Coldstone Creamery. Potbelly Sandwich Shop will open its fourth Massachusetts location in 1,946 sq. ft. this spring.

The opening of Ethan Allen will complete the transformation of the former Borders location into two large format spaces. Seasons 52 will open its first location in the Boston market with an upper-level location.

Other recent additions to Wayside include November 2012 openings of Destination Maternity (2,509 sq. ft.) and Madox Jewelry (1,500 sq. ft.)

This spring Wayside’s revitalization work will continue with the completion of the parking reconfiguration and improved pedestrian flow, along with enhancements to the center island including new plantings, a reconfigured walkway, and new seating and leisure areas. “These improvements combined with the increased shopping and dining choices will provide more options and greater convenience to Wayside shoppers,” said Wilder’s VP leasing, Gary Robinson.

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