REAL ESTATE

Gap to open stores in Brazil as part of international expansion program

BY Katherine Boccaccio

San Francisco — Gap Inc. said Tuesday it will open its first stores in Brazil next year as part of its plan to grow its presence and sales internationally.

It will open the first Brazilian stores in Sao Paulo in fall 2013, followed by Rio de Janeiro.

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REAL ESTATE

Englewood Construction launches work on Shops at North Bridge

BY Katherine Boccaccio

Chicago — Englewood Construction said Tuesday that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Englewood will perform landlord infrastructure work for Macerich at a 9,249-sq.-ft. space and then commence a build-out for Seasons 52 at the same location.

Seasons 52 is owned and operated by Orlando, Fla.-based Darden Restaurants Inc.

The work is projected to be complete February 2013.

In March, Englewood will commence the build-out for Season 52’s first location in Chicago. The restaurant will occupy ground-floor space at the corners of Rush Street and Grand Avenue, and Cuhaci & Peterson Architects will work with Englewood on the build-out.

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REAL ESTATE

Ikea to make state debut in Kansas City area

BY Katherine Boccaccio

Merriam, Kansas — Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.

Ikea confirmed Tuesday that the City Council of Merriam has unanimously approved plans for this project, following last month’s approval from the city’s Planning Commission.

Construction of the new 349,000-sq.-ft. Ikea is set to begin the summer of 2013, with a targeted opening in the fall of 2014 at the DDR-owned Merriam Town Center. Other tenants in the shopping center include Home Depot, Dick’s Sporting Goods, Cinemark, Marshalls, PetSmart, Old Navy, Party City and Five Below.

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