REAL ESTATE

Macy’s, Bloomingdale’s to anchor new Mall at Miami Worldcenter

BY Marianne Wilson

Cincinnati — Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016.

Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers.

The development is located to attract both resident and tourist customers, with easy access to interstate highways and rail, museums, The Adrienne Arsht Center for the Performing Arts, American Airlines Arena and the Port of Miami cruise ship terminals.

The Macy’s and Bloomingdale’s stores – each on three levels – will anchor the north and south ends of the retail mall, respectively.

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REAL ESTATE

Mid-America announces six new leases in Chicago

BY Michael Fickes

Oakbrook Terrace, Ill.Mid-America Asset Management Inc. has announced six retail leases in four Chicago shopping centers.

At Chatham Market, BMO Harris Bank took 2,016 sq. ft., and Colour Nails signed a lease for 2,174 sq. ft. Both plan to open in January. Wal-Mart and Lowe’s anchor Chatham Market. Other tenants include Aldi, Potbelly, Planet Fitness and Chase, which will open in March. Mid-America represented the landlord in both leases. Jones Lang LaSalle represented BMO Harris. Colour Nails represented itself.

Marshfield Plaza will welcome Sneaker Villa — 6,069 sq. ft. — and Wingstop — 2,016 sq. ft. Both will open early next year. Target, Jewel-Osco and Burlington Coat Factory anchor Marshfield Plaza. Mid-America represented the landlord in both leases. Bialow Real Estate represented Sneaker Villa, and Keystone Ventures represented Wingstop.

City Sports has signed a lease for 5,800 sq. ft. at Pullman Park, a 270-acre mixed-use development at the intersection of I-94 and 111th Street. Wal-Mart, Ross Dress for Less and Planet Fitness anchor Pullman Park. Mid-America represented the landlord, and MHK Investments represented the tenant.

Selfish Clothing Boutique has signed a lease for 4,400 sq. ft. at Scottsdale Shopping Center. The boutique opened in early November. Low’s and The Room Place anchor the 294,000-sq.-ft. center. Mid-America represented the landlord in the transaction, and the tenant represented itself.

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Marcus announces tenants for Corners of Brookfield

BY Michael Fickes

Milwaukee — The Marcus Corporation has announced the initial line-up of tenants at The Corners of Brookfield, an open-air, town-center-style development in Brookfield, Wis. The mixed-use 460,000-sq.-ft. development will be anchored by Wisconsin’s first Von Maur department store, which will span 140,000 sq. ft.

The announcement followed a vote by the Brookfield Board approving the development agreement between the town and Marcus. The agreement provides for tax incremental financing for the project.

Tenants planning to open at The Corners of Brookfield include:

• Arhaus Furniture
• Brio Tuscan Grille
• Café Benelux
• Chico’s
• Colectivo Coffee
• Crave Restaurant
• Grimaldi’s Pizza
• Hot Mama
• Kilwins
• White House | Black Market

In February 2013, Marcus announced that it had signed an agreement with the Mandel Group to direct development of the residential component of The Corners.

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