REAL ESTATE

Lakeforest Mall will spend $1.2 million on improvements

BY Michael Fickes

Gaithersburg, Md. — Lakeforest Mall in Gaithersburg, Md., today announced a $1.2 million renovation plan. Improvements will include a reconfiguration of the center court, a new and improved children’s play area and new furniture for the food court.

Work will level the 5,245-sq.-ft. center court to create a space that will host community events such as the Lunar New Year Celebration, Summer Camp Expo and holiday promotions. Center court renovations will finish up by early November.

A new play area, Adventure in The Forest opened in the courtyard near J.C. Penney in July, featuring an oak tree, jeep, helicopter and canoe in a Maryland woodland backdrop of Black-eyed Susans, a terrapin turtle and a Baltimore Checkerspot Butterfly.

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REAL ESTATE

Mayfair Collection signs Off 5th, Old Navy and Carter’s

BY Michael Fickes

Chicago — Saks Fifth Avenue Off 5th, Old Navy and Carter’s have inked leases for space at The Mayfair Collection, a 270,000-sq.-ft. shopping center in Wauwatosa, Wis. Nordstrom Rack, Dick’s Sporting Goods and Ulta Beauty have also made lease commitments to the project.

HSA Commercial Real Estate, the developer, broke ground on the project in April. HSA Commercial is adaptively repurposing an obsolete warehouse development into The Mayfair Collection retail shopping center.

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REAL ESTATE

New eateries sign into Village on Pooler Parkway

BY Michael Fickes

Pooler, Ga. — The Olive Garden, Panera Bread, Moe’s Southwest Grill, Jersey Mikes Subs and Jalapenos Mexican Grill have all inked deals with GBT Realty Corporation for space in Village on Pooler Parkway, a 143,000-sq.-ft. shopping center now under development in Pooler, Ga.

The Panera shop will occupy a freestanding building with a drive-through, making it one of the first locations in the market to feature Panera’s new prototype.

Most recently, Chili’s, Sushi Hana Asian Cuisine and Marble Slab Creamery have signed leases. Logan’s Roadhouse and McDonald’s are already open for business in the development.

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