REAL ESTATE

Ghurka to open new boutique on Fifth Avenue

BY Staff Writer

New York City — Robert K. Futterman & Associates said Tuesday it has arranged a long-term, 1,140-sq.-ft. lease for fine leather luggage and handbag retailer Ghurka at 781 Fifth Ave., located at 59th Street in the Plaza District.

The new Ghurka flagship, which will augment an existing location at The Plaza Retail Collection, will occupy 915 sq. ft. on the ground floor and 225 sq. ft. in the basement at its new Fifth Avenue space.

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REAL ESTATE

Hillsdale Shopping Center embarks on major renovations

BY Staff Writer

San Mateo, Calif. — Hillsdale Shopping Center, located in San Mateo, Calif., is currently undergoing an extensive 80,000-sq.-ft. renovation to an area previously occupied by Mervyn’s.

The transformation will feature San Mateo County’s first Cheesecake Factory, a two-story Forever 21, and H&M as anchors of the center’s south end.

Hillsdale South is also seeing significant changes with the arrival of DSW Designer Shoe Warehouse and a recently opened Old Navy. In addition, personal care retailer Kiehl’s and Kay Jewelers have joined the center, and Children’s Place has completed a renovation.

Hillsdale Shopping Center is anchored by Nordstrom, Macy’s and Sears.

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Joint venture to develop Spring Creek Outlets of Chicago

BY Staff Writer

New Lenox, Ill. — Urban Retail Properties, LLC, Center Creek Development, LLC and Mansur & Co. announced Wednesday a joint venture to build, lease and manage Spring Creek Outlets of Chicago, located in New Lenox, Ill.

The ground-up development is the anchor of a one million-sq.-ft. mixed-use development scheduled for a grand opening in second quarter 2013. The $225 million outlet shopping center development will include 550,000 sq. ft. of outlet shopping, and will feature several hotels, restaurants, entertainment uses, a senior assisted living facility and highly visible and accessible retail.

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