REAL ESTATE

ICSC announces ‘best of’ winners at RECon

BY CSA STAFF

Las Vegas International Council of Shopping Centers has named the winners of its Best-of-the-Best Awards competition, which honor shopping center design and development, sustainability, marketing, and community service. The winners were announced at ICSC’s ReCon show in Las Vegas on Monday night.

Villach, Austria-based Atrio took home top prize in the sustainability category. “Without borders” is the theme of the shopping center, whose architecture addresses the motto of Austria, Italy and Slovenia’s cross-border Olympic bid. It is the first themed shopping center in Austria.

For design and development, Westfield San Francisco Centre, in San Francisco, Calif. took home top honors. Developed under a partnership between Forest City Development, The Westfield Group and Macy’s Inc., the newly renovated and expanded Westfield San Francisco Centre preserved one of the city’s most revered buildings, the former Emporium department store building.

In addition, Cirque Du Soleil At CentrO, Oberhausen, Oberhausen, Germany, was awarded for marketing excellence. Meanwhile, Albert Sussman International Community Support Award went to Simon Property Group for its outreach education programs.

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REAL ESTATE

Aldi commits to former Bombay space

BY CSA STAFF

Chicago Mid-America Real Estate Corp. said it has leased Chicago-area space to Aldi. The location, on N. Clybourn Avenue, was formerly occupied by Bombay Furniture and Leather Creation.

The lease totals 16,600 sq. ft., which Aldi will remodel into space for their new format grocery store that is scheduled to open later this year.

In related news, Mid-America landed Wal-Mart for an expanded lease at the Quarry Shopping Center in southwest Chicago. The retailer renewed and expanded its existing lease by 80,543 sq. ft., bringing the space total to 201,194 sq. ft

Wal-Mart will remain open as the additional space is under construction, with a grand re-opening planned for fall 2009.

Also committing to the Quarry are retailers Play N Trade, which leased 1,600 sq. ft., and Dress Barn, which renewed its lease for 7,500 sq. ft.

The center is anchored by Wal-Mart, Kohl’s, Office Max and Sam’s Club.  

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Nordstrom, Saks to anchor planned shopping center in Puerto Rico

BY CSA STAFF

San Juan, Puerto Rico Nordstrom and Saks Fifth Avenue both signed on to anchor the planned Plaza Internacional shopping center in San Juan, Puerto Rico, marking both retailers’ entry onto the island.

Taubman Centers, Las Vegas, and New Century Development, San Juan, are partnering on the project, which will include a hotel, casino and 650,000 sq. ft. of retail space.

Plaza Internacional will serve approximately two thirds of Puerto Rico’s population of 4 million people.

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