REAL ESTATE

Michaels to open at The Forum at Grandview

BY Katherine Boccaccio

Madison, Miss. — Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Construction for the 83,000-sq.-ft. second phase is currently underway. In addition to Michaels, anchors will include Ulta, Homegoods, and Petco as well as 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

The 110,000-sq.-ft. phase I opened 100% leased in fall 2010 anchored by Best Buy, Dick’s Sporting Goods and Stein Mart. Corner Bakery opened on the periphery of the property in December.

The project is a joint venture of CBL and The Mattiace Co.

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REAL ESTATE

Drafthouse Cinema to open at One Loudoun

BY Staff Writer

McLean, Va. — One Loudoun Holdings, a joint venture of Miller and Smith and North America Sekisui House, and its retail development partner, Potomac Development Group, announced that Alamo Drafthouse Cinema will open a new location at One Loudoun in Loudoun County, Va.

The 34,000-sq.-ft. Alamo Drafthouse Cinema will be the first in the
Washington, D.C., market area. Construction will commence in spring 2012 with a projected opening in spring 2013.

Alamo Drafthouse Cinema combines in-theater dining, drinks, films and events, all under one roof.

One Loudoun is a 358-acre omni-use, master-planned community in Loudoun County, which will feature 1,040 residential homes, 702,000 sq. ft. of retail and entertainment, three million sq. ft. of office space, a clubhouse with pool, and an amphitheater.

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REAL ESTATE

McAlister’s Deli to open at Cool Creek Commons

BY Staff Writer

Carmel, Ind. — Indianapolis-based Kite Realty Group said that McAlister’s Deli has leased 5,454 sq. ft. at Cool Creek Commons, located in Carmel, Ind.

Cool Creek Commons is anchored by Fresh Market and Stein Mart with a total GLA of 132,759 sq. ft.

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