REAL ESTATE

DDR opens Belgate Shopping Center

BY Katherine Boccaccio

Charlotte, N.C. — Beachwood, Ohio-based DDR Corp. has announced the opening of Belgate Shopping Center, the company’s first ground-up domestic development in over four years.

Belgate is a 100% leased, 900,000-sq.-ft. prime power center located in Charlotte, N.C., anchored by Ikea, Walmart and a complimentary lineup of junior anchors including Marshalls, Ulta, Old Navy, Petco, Cost Plus World Market, Hobby Lobby and Shoe Carnival.

Belgate is strategically located along Interstate 85, the primary thoroughfare connecting Washington D.C., and Atlanta, and features the only Ikea store between these two major metro areas, extending the project’s trade area to more than two million shoppers.

DDR previously announced the acquisitions of Cotswold Village and Carolina Pavilion in Charlotte. With the opening of Belgate, DDR now owns and manages four million sq. ft. of GLA in Charlotte.

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REAL ESTATE

Elixir inks deal for two Manhattan storefronts

BY Katherine Boccaccio

New York — Elixir Juice Bar has leased two more stores in Manhattan, according to Winick Realty Group, which represented the brand in both of its recent New York leases.

Elixir will occupy 70 Greenwich Avenue, located between Seventh Avenue South and Sixth Avenue in the heart of the West Village. Elixir has also leased a location in the Upper East Side. The 500-sq.-ft. store is located at 1371 Third Avenue, between 78th and 79th Streets.

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Loft to open four stores in Canada

BY Marianne Wilson

Toronto — Loft, a division of Ann Inc., is expanding in Canada, with four new stores by the end of fall 2013.

Loft entered Canada last November, at Yorkdale Shopping Centre in Toronto. The chain will open a store in Toronto Eaton Centrer, Toronto, in late May, followed by additional units at Lime Ridge Mall in Hamilton in July, Markville Shopping Centre in Markham in August and Square One Shopping Centre in Mississauga in October.

"Since the opening of our first international Loft store in Toronto last year, we’ve had the opportunity to build relationships with our Canadian customers, and we’re thrilled to collaborate even more with women across Ontario through these new locations," said Alia Ahmed-Yahia, chief style director.

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