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On Center

BY CSA STAFF

Centerra’s Sculpture Park

The Centerra development in Loveland, Colo., has unveiled a first-of-its-kind sculpture park in its midst.

The 26-acre Chapungu Sculpture Park at Centerra, located just east of the Promenade Shops at Centerra, is the first permanent exhibit of its kind in the United States. Developer McWhinney Enterprises, based in Loveland, donated the land for Chapungu Sculpture Park and advanced funding for the park improvements.

The park features 82 stone sculptures from the Shona tribe of Zimbabwe, Africa. Extensive site work, which included major landscape planting, trail construction and educational signage, was installed in preparation for the opening.

A major grand-opening celebration is scheduled for spring 2008.

Mixed-Use in the Heart of Jacksonville

A 12-acre site on Riverside Avenue, a vital thoroughfare in downtown Jacksonville, Fla., will become home to a mixed-use project that features 150,000 sq. ft. of retail, 240 hotel rooms and more than 800 residential units. Developed by Atlanta-based Miles Development Partners and Terremark Partners, also based in Atlanta, Brooklyn Park’s offerings will include a gourmet-grocery anchor, retail and dining, modern residential units and at least one boutique hotel.

According to Craig Kaser, principal of TerreMark Partners, Brooklyn Park will provide consumers with previously unavailable retail amenities in Jacksonville. “It isn’t often you find such a highly accessible location in an underserved market,” he said. “We believe we are on the front end of a growing business opportunity in Jacksonville.” The project began development late this year.

Breathing Life Into a New Orleans Funeral Home

What was once the House of Bultman Funeral Home on St. Charles Avenue in New Orleans will soon accommodate a 24,000-sq.-ft. Borders Bookstore. Thanks to a $9 million redevelopment by Covington, La.-based Stirling Properties, the landmark property where playwright Tennessee Williams wrote “Suddenly Last Summer” will not be demolished, but instead the facade will be retained and the interior carefully renovated. Borders is the first retailer of its kind to locate within Orleans Parish and the only national retailer on historic St. Charles Avenue. The store is expected to open in November 2008.

Raceway Style

In November, Freehold Raceway Mall in Freehold, N.J., opened its doors to a new Main Street destination that is the result of an extensive expansion and renovation project. A renovation of the interior of the existing mall was accompanied by a lifestyle expansion that added retail and dining concepts.

The mall, owned and operated by Santa Monica, Calif.-based The Macerich Co., has delivered nine top-requested retailers and restaurant options to the market in time for the holiday shopping season, among them The Cheesecake Factory, P.F. Chang’s China Bistro, Ann Taylor, Chico’s and The Territory Ahead.

A majority of the retail space in the lifestyle expansion opened Nov. 9. The remaining space is slated to open in phases in 2008.

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CompUSA may get a new look

BY CSA STAFF

ADDISON, Tx. After opening a new format store last month, CompUSA may be changing the format of its other stores, depending on customer demand and product interest.

According to reports, the elements found in the prototype store, located in Texas, will be incorporated into other CompUSA locations across the United States.

The nearly 7,700 square-ft. relocation site includes an Apple shop featuring Mac computers, iPods and Apple accessories, and a full-length LCD TV wall.

Additional expansions include extended gaming, which includes an entire wall devoted to the Nintendo Wii, PlayStation3 and Xbox 360 gaming platforms, plus a PC gaming setup to test equipment and play new titles.

While businesses can get their share of support with a specialized services section, all consumers can visit the store’s redesigned IT support area.

“This new store aligns CompUSA’s vision to better serve its three core customers, the technology enthusiast, educated professional and small and medium businesses,” said Gabriela Villalobos, the retailer’s sales and operations evp.

CompUSA announced in April that it would narrow its focus to three core customer groups rather than try to serve a mass audience.

The move was part of a comprehensive restructuring, initiated last February, that included an overhaul of senior management and the closure of half its store base as the privately held chain looked to improve sales and profitability.

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Walgreens withdraws from CVS provider plans

BY CSA STAFF

DEERFIELD, Ill. After many months of talks over low and below-market payment rates by CVS Caremark for four prescription plans, Walgreens has withdrawn as a pharmacy provider from the plans.

Patients affected include members of prescription benefit plans managed by CVS Caremark for ArcelorMittal, Johnson Controls, Progressive Casualty Insurance and Wisconsin Education Association Trust.

Most of the affected members live in Illinois, Indiana, Michigan, Ohio and Wisconsin.

Trent Taylor, president of Walgreens Health Services, the managed care division of Walgreens, released the following statement:

“This is not where we wanted negotiations to lead,” he said. “We’re sorry that our pharmacy patients and CVS Caremark’s clients are caught in the middle, and we’ll do all we can to ensure a smooth transition for our patients to another pharmacy. Meanwhile, we’ll continue to work on resolving this issue with CVS Caremark.

“Leaving a benefits plan is an extraordinary step for us, but it demonstrates how extraordinarily low our payments were from CVS Caremark. We can’t continue accepting reimbursement rates that are drastically below market, while offering patients needed special services such as 24-hour pharmacy access and drive-thru pharmacies.”

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