REAL ESTATE

Fayette Mall expansion officially opens

BY CSA STAFF

Lexington, Ky. —CBL & Associates Properties announced the opening of the expansion at Fayette Mall in Lexington, Ky. Designed to significantly enhance the offerings at the shopping center, the redevelopment of the former Sears location included expanding the mall entrance to create 115,000 sq. ft. of new retail space for a mix of fashion stores, home furnishings and fine dining options in the heart of the shopping center.

New retailers include The Cheesecake Factory, H&M, Eddie Bauer, Oakley, Clarks, Swarovski, Janie and Jack, Jos. A. Bank, Altar'd State, L'Occitane, Vera Bradley, and Zales. Michael Kors and Brighton Collectibles also opened new stores at the shopping center within the past month. Additional stores and restaurants such as Pink, Island Purveyor featuring Tommy Bahama, New Balance, Newk's, Chipotle and Travinia Italian Kitchen are under construction and will soon be joining Fayette Mall in early 2015.

"The expansion of Fayette Mall allows us to further the tremendous growth of one of our most successful and productive centers as well as reinforce its dominant position in the market," said Stephen Lebovitz, president and CEO, CBL & Associates Properties. "The mall continually maintains a full occupancy rate, and the queue of retailers interested in joining the center is growing. We are pleased to introduce a number of new retail names to the market like The Cheesecake Factory and H&M, which demonstrates our commitment to continually enhance our properties."

Fayette Mall is a 1.4 million-sq.-ft. super regional mall featuring more than 150 specialty stores and eateries and is anchored by Dillard's, Macy's, JCPenney and Dick's Sporting Goods.

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REAL ESTATE

Coal Vines to open at CityLine mixed-use development

BY Katherine Boccaccio

Richardson, TexasCommercial real estate firm KDC announced that Coal Vines will join CityLine, the company’s 186-acre mixed-use project in Richardson, Texas. The restaurant is scheduled to open in summer 2015.

“The Coal Vines concept is ideal for CityLine and brings an element of fun to State Street and the entertainment district,” said KDC’s Colin Fitzgibbons.

Joseph Palladino, owner of Nick & Sam’s Steakhouse and the creator of Uptown Coal Vines pizza and wine bistro, will introduce not only the Italian neighborhood bistro concept at CityLine but also an attached Coal Vines Market for the stop-and-go patron.

“I want to identify and address all the needs of our patrons at CityLine to ensure that dining locals, as well as busy professionals can enjoy the freshness of our food in the restaurant or through our convenient grab-and-go market. We will also offer catering and delivery services.”

Coal Vines at CityLine will be part fast-casual eatery and part traditional hole-in-the-wall New York neighborhood pizza and wine bar. The restaurant is known for its Italian favorites such as hand-stretched, coal-fired pizza; salads; gourmet chicken and fish entrees; and homemade pasta dishes.

Coal Vines will be located on State Street directly adjacent to CityLine Plaza.

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REAL ESTATE

Chelsea Bagel leases second Manhattan location

BY Katherine Boccaccio

New York CityChelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.

The kosher-style bakery, which does all of its baking on site, signed a lease for 1,150 sq. ft. at 800 Second Avenue, on the Southeast corner of East 43rd Street in Midtown East. Winick Realty Group’s Matthew Schuss represented the tenant, who will operate as Chelsea Bagel of Tudor City when their doors open on Jan. 1, 2015.

“After a long search for the perfect second location, Chelsea Bagel is very excited to come to 800 Second Avenue,” said Schuss. “This neighborhood has been lacking a high-quality bagel café and with the Pfizer building across the street and the Israeli consulate in their building, Chelsea Bagel will be well-positioned to serve the heavy concentration of office workers and residents in the neighborhood.”

Hal Shapiro, also of Winick Realty Group, represented landlord Philips International in the long-term lease transaction.

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