REAL ESTATE

The Legends at Sparks Marina opens

BY CSA STAFF

Reno, Nev. Kansas City-based RED Development said Monday that the first phase of its Legends at Sparks Marina in Sparks, Nev., opened last week. The $1.1 billion project will eventually encompass 1 million sq. ft. of retail, restaurant and entertainment space.

The first phase of tenants includes 29 retailers and restaurants, but by the first week of August, about 47 tenants are expected to be open as part of the first phase, according to RED.

First-phase tenants already open include Scheels All Sports (295,000 sq. ft.), Saks Off 5th (28,000 sq. ft.), Target, Best Buy, Louisiana Kitchen, Olive Garden, Samsonite Factory Outlet, Easy Spirit, Nine West Outlet, Ann Taylor Factory, Bose Factory Store, Banana Republic Factory Store, BCBG Max Azria, Gap Outlet, Tommy Hilfiger, OshKosh B’Gosh, Carter’s, Gymboree Outlet, BCBGirls, Vans, Guess Factory Store, Bath & Body Works, Jones New York, Kasper, Nike Factory Store, GameStop, Lucky Nails and GNC.

By early August, Off Broadway Shoe Warehouse, Subway, Sprint, Freshberry, Converse, Harry & David, Volcom, Adidas, Lane Bryant, Fuddrucker’s, Rack And Pinz bowling, Cadillac Ranch, Grimaldi’s Coal Brick Oven Pizza, Styles For Less, Old Farmer’s Almanac and Kenneth Cole are expected to open.

As part of the second phase, a 13-screen IMAX theatre and three more restaurants are expected to join the ranks.

The Legends has also planned to include an upscale casino resort developed by Las Vegas-based Olympia Gaming, but that’s been delayed until sufficient capital can be raised. RED estimates that the combined development will draw more than 800,000 tourists to the Reno-Sparks area and generate $600 million in taxable sales annually.

See related story on The Legends at Sparks Marina here.

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REAL ESTATE

Jewel-Osco opens second green store in Chicago

BY CSA STAFF

Itasca, Ill. Jewel-Osco, a division of Supervalu, expands its commitment to green building design with the opening of its store at Marshfield Commons, a new center in Chicago, on Thursday. The supermarket is designed according to Leadership in Energy and Environmental Design standards. It has received GreenChill Gold Certification from the EPA in honor of its environmentally friendly refrigeration system.

“Wherever possible, we’re focused on building environmentally friendly technology into our new and remodeled stores,” said Jewel-Osco president Keith Nielsen.

The store contains a number of sustainable elements, including:

  • Agreen roof with vegetation beds for energy conservation and storm-water run-off reduction;
  • Water-saving fixtures and faucets;
  • Energy-efficient lighting, heating and air conditioning;
  • Aventilation system that incorporates natural and mechanical means to enhance air quality inside of the store;
  • The use of regional and recycled materials during construction, with more than 90% of construction debris separated for recycling; and
  • Preferred parking for low-emission, fuel-efficient vehicles.

The Marshfield location is Jewel-Osco’s second store build to LEED standards. Its first, in Chicago’s Fulton River District, opened in September 2008.

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REAL ESTATE

Orlando mall names Crossman as leasing representative

BY CSA STAFF

Orlando, Fla. Orlando Fashion Square has named locally based Crossman & Co. as the exclusive leasing representative for the property.

The 1,081,430-sq.-ft. mall is owned by Philadelphia-based PREIT and is anchored by Macy’s, Dillard’s, J.C. Penney, Sears and Premier Cinema.

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