REAL ESTATE

DDR adds two Dick’s Sporting Goods stores at Utah properties

BY Katherine Boccaccio

Beachwood, Ohio — Mall owner DDR Corp. said Friday that Dick’s Sporting Goods will open stores at two of its shopping centers in Utah.

The new Dick’s Sporting Goods locations will replace former F.Y.E. stores and result in higher and longer-term contracted rents. At the same time, the re-tenanting improves the merchandise mix and credit quality of cash flows at the shopping centers by replacing underperforming stores with a market-share and category-leading retailer.

"Retailers continue to search for new stores in a supply-constrained environment of mid-size and big-box locations, resulting in significant opportunities for owners of high-quality shopping centers to creatively work with growing tenants like Dick’s Sporting Goods," said Paul Freddo, senior executive VP leasing and development for DDR.

Dick’s Sporting Goods will open a 54,000-sq.-ft. store in fall 2012 at The Family Center at Orem, a 282,000-sq.-ft. shopping center anchored by Jo-Ann fabric and crafts, Toys "R" Us and Babies "R" Us.

Dick’s Sporting Goods will also open a 49,000-sq.-ft. store in fall 2012 at The Family Center at Fort Union, a 670,000-sq.-ft. power center anchored by Walmart Supercenter, Bed Bath & Beyond, Ross Dress For Less, DSW, Petco and Michaels.

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Starbucks to open 4,500-sq.-ft. ‘concept’ store in Amsterdam

BY Marianne Wilson

Seattle — Starbucks will open its largest location in Europe, in the center of Amsterdam, on March 9. The 4,500-sq.-ft. store is located in the vault of the historic Amsterdamsche Bank, a landmark building on Amsterdam’s famous Rembrandt Square.

The space is Starbucks’ first “concept” location in Europe. The company defines its concept stores as unique environments, or “design sandboxes,” created by its designers to explore innovations within the coffeehouse. The new store in Amsterdam features a high level of interaction, and a deep connection to coffee and the local community. It was conceived as a “theatre space “with a 57-ft.-long coffee bar as its stage. Multi-level community areas will serve as stages for local bands, poetry readings and other cultural activities.

“With this store I was inspired not only by the role 17th century Dutch traders played in bringing coffee to the world, but also by the place The Netherlands holds today as a design and creative capital,” said Liz Muller, concept design director. “My vision was to bring the space to life by celebrating local history and tradition while looking to the future by giving it a sense of theatre and discovery.”

The location features a floor-to-ceiling ‘tattooed’ mural celebrating the history of Dutch coffee traders, repurposed Dutch oak throughout the space, antique Delft blue tiles, a ceiling sculpture created from 1,876 hand-cut wooden blocks, and a wall clad in recycled bicycle inner tubes. It was built to LEED standards.

The store will function as a test space for rare and exclusive coffees, diverse coffee brewing methods, and new food concepts, including in-store baking, accompanied by tweets when fresh hot cookies roll out of the oven.

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Report: Maurices opening 60 stores in 2012

BY Staff Writer

New York — Women’s apparel retailer Maurices plans to open approximately 60 stores this year, according to the Duluth News Tribune. The total includes the chain’s first international location, in Canada.

Maurices currently has 803 stores in 44 states, with the count up 32 stores since June.

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