Joint venture to develop Spring Creek Outlets of Chicago
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.
Tory Burch to open at Town Center at Boca Raton
Boca Raton, Fla. — Indianapolis-based Simon Property Group said Tuesday that Tory Burch will open a new boutique at Town Center at Boca Raton. The new 2,600-sq.-ft. store is slated to open in early August.
It will be the company’s 53rd boutique.
Town Center at Boca Raton features such retailers as Coach, Tiffany & Co., Bvlgari, Cartier, Ulysse Nardin, Michael Kors, Williams-Sonoma, Intermix, Pottery Barn, Ann Taylor, Louis Vuitton, Origins, Juicy Couture, Godiva Chocolatier, abercrombie, anne fontaine and Brookstone, as well as anchor stores Bloomingdale’s, Macy’s, Neiman Marcus, Nordstrom, Saks Fifth Avenue and Sears.
Charter Realty to lease Plaza South
Newtown, Conn. — Westport, Conn.-based Charter Realty & Development Corp. announced that it has been named the exclusive leasing representative for Plaza South, located in Newtown, Conn.
The plaza is currently fully occupied, and Charter Realty will be responsible for leasing a new 22,500-sq.-ft. building coming on line at the end of August.
Current tenants include The Meat House, Union Savings Bank, The Learning Experience and Cork’n Barrel.
When complete, the multi-phase phase project will feature a total GLA of 65,000 sq. ft.