REAL ESTATE

LEED-Certified Shopping Center to Open in Florida

BY CSA STAFF

Coconut Creek, Fla. The Promenade at Coconut Creek, the largest mixed-use lifestyle center in Northern Broward County, Fla., is opening on Nov. 1. Developed by Columbus, Ohio-based Stanbery Development, the center is one of the first major developments in the southeastern United States to win Leadership in Energy and Environmental Design (LEED) certification, a nationally accepted benchmark for the design, construction and operation of high-performance green buildings.

Phase 1 of Promenade is complete, with a total of 196,000 sq. ft. of retail and 50,000 sq. ft. of office space. A second phase, with an additional 105,000 sq. ft. of retail and office, is scheduled for completion in 2009. Among the approximately 75 retailers and restaurants are Banana Republic, Ann Taylor Loft, Chico’s, Talbot’s, Coldwater Creek, Jos. A Bank and Sunglass Hut, as well as Saito’s Japanese Steakhouse, Fish City Grill, Lime Fresh Mexican Grill and Starbucks.

Coconut Creek’s Main Street plan, winner of an award of excellence from the Florida Chapter of the American Planning Association, offers a hybrid approach to a completely pedestrian-oriented urban district and a vehicular-dominant suburban shopping center. The Promenade’s design encourages interaction between pedestrian and vehicular movement within itself, as well as with future developments, through efficient use of land resources and compact growth.

The center design includes courtyards, plazas and breezeways to provide natural air flow and serve as activity nodes and gathering places. The locations of parking garages and lots minimize walking distances between vehicles and destinations. Among the sustainable design strategies are storm-water management; use of indigenous plant materials; smart irrigation; preferred parking for energy-efficient and low-emission vehicles; alternative transportation; and energy-efficient architecture.

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Giant Food signs 10-year banking deal with PNC

BY CSA STAFF

LANDOVER, Md. Giant Food has signed an exclusive, 10-year agreement with PNC Financial Services Group, under which PNC will provide banking services in Giant supermarket locations across Virginia, Maryland, Delaware and the District of Columbia.

“We are very excited and pleased to bring to our Giant customers a new in-store banking opportunity,” said Robin Michel, evp and general manager of Giant Food. Michel continued, “Many Giant customers have come to appreciate the convenience of full-service, in-store banking. With PNC, we expand an existing relationship with one of the nation’s best-performing banks, which has 12 years of in-store banking success and a strong network of banks in our market areas. We are also pleased to be providing our Giant customers with a bank that shares our commitment to the high-quality service that our customers expect.”

According to the agreement, PNC intends to open full-service, in-store branches. Initial plans call for 41 new in-store branches and 180 ATMs to be in place in 2009. In addition to locations in the District of Columbia, Virginia and Maryland, in-store branch locations will be in Delaware, where PNC already has in-store branches in three Giant stores. Under the agreement, more in-store branches and ATMs will be added in existing and new Giant stores during the next 10 years. Financial terms of the agreement were not disclosed.

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Coca-Cola to place calorie info on front packaging

BY CSA STAFF

ATLANTA Coca-Cola North America announced it will voluntarily place calories-per-serving and servings-per-container information on the front of all packages for its entire U.S. beverage portfolio. The new label, which will begin appearing on packages next year, will highlight both calories per serving and number of servings per container.

We view our label as a powerful tool for education, an opportunity to communicate with consumers every time they choose one of our products at the store or have a Coca-Cola beverage on their table, said Celeste Bottorff, vp of Living Well. We listen to what consumers tell us they want, respond creatively and encourage everyone to make informed decisions about what they drink, choices that reflect a sense of balance and moderation. Its part of our Live Positively philosophy. 

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