REAL ESTATE

Horizon Group, CBL open shopping center in Kentucky

BY Dan Berthiaume

Rosemont, Ill. – Horizon Group Properties Inc. and CBL & Associates Properties Inc. have opened The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64.

The center opened to the public with a wide variety of well-known designer outlets, including Saks Fifth Avenue Off 5th, Nike, Brooks Brothers, Guess, Chico’s, Coach, Banana Republic, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Vera Bradley and more. Additional stores will be opening in the fall including Gucci, Kate Spade, and Tumi.

The center is expected to draw more than six million visitors a year from the three-state area plus travelers on Interstate 64. Construction on the 375,000-sq.-ft. outlet center began in May 2013.

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REAL ESTATE

Whole Foods launches construction in Shererville, Indiana

BY Katherine Boccaccio

Chicago — Regency Centers announced the groundbreaking of a new 40,000-sq.-ft. Whole Foods Market, located 25 miles from downtown Chicago in Schererville, Indiana.

The new store, situated in The Shops on Main shopping center, is projected to open in fall 2015. Current tenants include Homegoods, Gordmans, Ross Dress for Less, and DSW Designer Shoe Warehouse.

“We have received many requests to locate a store in this area, and our team members are looking forward to opening another store in … Indiana,” said Michael Bashaw, Midwest Regional President, Whole Foods Market.

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Nordstrom Rack to open in Staten Island

BY Katherine Boccaccio

New York — Nordstrom has announced plans to open a Nordstrom Rack at the Empire Outlets in Staten Island. The 34,000-sq.-ft. store is scheduled to open in fall 2016. The property is being developed by BFC Partners.

The newly built, two-level Rack will be a part of roughly 100 retailers going into the 1 million-sq.-ft. waterfront development within the St. George neighborhood of Staten Island. The project will be built above current transit parking and integrated into the Staten Island Ferry terminal. Adjacent to the center, tourist elements will include a hotel, 40,000 sq. ft. of restaurant space, a minor league baseball park and the world’s largest observation wheel.

“We’ve been focused on finding the best locations across New York City and are thrilled to have the opportunity to serve New Yorkers and tourists alike at this major transportation hub and destination that will combine great retail, entertainment and restaurants,” said Geevy Thomas, president of Nordstrom Rack.

Nordstrom Rack at the Empire Outlets will be the company’s seventh Rack location in New York. Currently Nordstrom operates two full-line stores and six Rack stores in the state. A new Nordstrom Rack will open in Queens September 10 and a second location in Brooklyn is scheduled to open Oct. 8. The first Rack opened in Manhattan’s Union Square in 2010.

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