REAL ESTATE

General Growth approves spinoff of Rouse properties

BY Staff Writer

Chicago –General Growth Properties said its board approved the spinoff of its Rouse Properties Inc. subsidiary, to consist of 30 regional shopping centers in 19 states.

The separation will be completed through a pro rata taxable dividend on Jan. 12, to stockholders of record as of the close of U.S. exchanges on Dec. 30, Chicago-based General Growth said today in a statement.

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REAL ESTATE

Year-end Review: New York’s Best Store Revamps

BY Marianne Wilson

New York City — It’s true: Everything old is new again. New York City’s retail maven, Faith Hope Consolo, chairman, The Retail Group, Prudential Douglas Elliman Real Estate, New York, has put together a list of her favorite store makeovers of the past year. As Consolo notes, even the most iconic stores must constantly present a new, fresh face to keep shoppers coming. Here are her faves:

  • Apple’s simplified cube (767 Fifth Ave.);
  • LaCoste’s grand redo (Fifth at 49th);
  • Mauboussin’s brightening of a still fabulous new store (714 Madison Ave.;
  • Mulberry’s work (605 Madison Ave.);
  • The completely re-freshed Fresh (872 Broadway);
  • The experimental Limelight Marketplace’s change from a mall to a department store feel (656 Sixth Ave.);
  • Bloomingdale’s. Several years in the making and still ongoing, it will create a completely new store (1000 Third Ave.); and
  • Barneys at 660 Madison Avenue. With a new Men’s Co-Op, new main floor and dining options, it’s a complete and stunning redo (660 Madison Ave.).

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REAL ESTATE

Streetsense designs new La Madeleine prototype

BY Katherine Boccaccio

Bethesda, Md. — Archiecture and design firm Streetsense said Monday it has created an all-new interior design scheme for La Madeleine French Country Cafe, a national chain of French-themed fast-casual restaurants.

A 1,194-sq.-ft. restaurant using the new prototype design is now open at Northpark Center in Dallas, while another is under construction in Tulsa, Okla. La Madeleine also has engaged Streetsense to design two new stores planned for the Washington, D.C. metropolitan region, one in Tysons Corner, Va., and one in Silver Spring, Md.

The first new design prototype is the recently opened La Madeleine in Northpark Center in Dallas, and is considered the prototype for all new stores located within shopping malls. The Tulsa store, now under construction, is free-standing and has an all-new exterior storefront.

In Tysons Corner Center, one of the largest shopping centers on the East Coast, La Madeleine will move from its current perimeter location to a 3,500-sq.-ft. interior space on the mall’s second level. Like the new store in Northpark, the Tysons location will feature a refreshed design with lighter materials, colors and textures, while retaining the restaurant’s classic French bistro feel.

The Silver Spring store will occupy 2,800 sq. ft. on the street level of an existing office building in the heart of the revitalized downtown. A new interior will be accompanied by a generous outdoor seating area.

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