REAL ESTATE

Men’s Wearhouse to open first-ever Joseph Abboud freestanding store

BY Dan Berthiaume

Fremont, Calif. – Men's Wearhouse will open the first-ever Joseph Abboud retail store in midtown Manhattan in spring 2015. The store follows the launch of JosephAbboud.com in early November.

"Customers appreciate the quality, style and value of Joseph Abboud menswear," said Doug Ewert, Men's Wearhouse CEO. "When we launched JosephAbboud.com with an exclusive collection only available online, we knew it would only be a matter of time before we introduced that merchandise in store. Bringing together the design talent of Joseph Abboud and the quality craftsmanship from our tailored clothing facility in New Bedford, Mass., the Joseph Abboud retail store will showcase the full collection of the product in an engaging and accessible environment. It is the next evolution of the brand, furthering our commitment to wardrobe men in the finest quality designer menswear in America."

Men's Wearhouse and Joseph Abboud hired architect Jeffrey Hutchison & Associates, to create the Joseph Abboud flagship The design aesthetic will provide a modern American take on London's Savile Row, with Joseph Abboud's sophisticated stylings represented through exquisite fabrics and the highest craftsmanship.

"I am very excited about the launch of Joseph Abboud retail," said Joseph Abboud, chief creative director of Men's Wearhouse. "The store will be a great laboratory for new retail concepts, enhancing the visibility of the brand that I launched in 1987 and bringing compelling design and product to the consumer, especially with our custom tailored clothing, made right here in America."

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REAL ESTATE

HomeGoods joins Whole Foods in the Mayfair Collection

BY Katherine Boccaccio

Chicago –HSA Commercial Real Estate announced that the firm has executed a 22,454-sq.-ft. lease with HomeGoods for the second phase of The Mayfair Collection, which is now under construction in Wauwatosa (Milwaukee), Wisconsin. HomeGoods will occupy the northern end cap of a building to be anchored by a 45,150-sq.-ft. Whole Foods Market.

HomeGoods, a TJX Cos. banner, is scheduled to open the new location in fall 2015, and it will be the company’s second store in the Milwaukee area. The Mayfair Collection is a 400,000-sq.-ft. retail development currently featuring Nordstrom Rack, Dick’s Sporting Goods, Saks Fifth Avenue OFF 5TH, and more. Phase two will add, besides Whole Foods, approximately 50,000 sq. ft. of junior anchor retail space, a mix of upscale bars and restaurants, and a 140-room Hilton Homewood Suites hotel.

The project’s construction consisted of adaptively repurposing functionally obsolete warehouse buildings into new, contemporary retail environments; Evanston, Illinois-based TOA Architects is the project architect for The Mayfair Collection, and Premier Design + Build is the general contractor for the first two phases.

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REAL ESTATE

Esplanade mixed-use property to undergo major renovation

BY Katherine Boccaccio

Phoenix – The Esplanade mixed-use development on E. Camelback Road in Phoenix will under significant renovations beginning in first quarter of 2015, according to third-party manager CBRE.

Renovation plans currently include strategies to open up the three main entry points to the retail portions of the property to make them more inviting and accessible to visitors. Additionally, the walkways will be redesigned so retailers can provide their customers with indoor/outdoor spaces in which to shop and dine. The central corridor will be reimagined to create a community square offering a space for the Esplanade community to come together. The space will offer outdoor seating as well an area for community events.

“The Esplanade is one of the area’s most prestigious and sought-after office locations; it’s the heart of the Camelback Corridor,” said Andi St. John, managing director of Asset Services with CBRE. “The planned renovations will capitalize on the existing cache commanded by the property and create a first-class retail experience better connecting the complex to the Biltmore community.”

MetLife, the owner of the property, has tapped CBRE to oversee management of the renovations. Gensler has been selected as the project’s architect and design firm. A general contractor has yet to be announced. CBRE is also responsible for property management and the marketing and leasing of the retail portions of the property. JLL handles the marketing and leasing of the office space. The property is comprised of about 906,000 sq. ft. of total office space and nearly 76,000 sq. ft. of retail space.

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