REAL ESTATE

Miracle Mile Shops plans 60,000-sq.-ft retail/restaurant redevelopment

BY Staff Writer

Las Vegas — Miracle Mile Shops at Planet Hollywood Resort & Casino has begun planning efforts to convert space Harmon Avenue, a 60,000-sq.-ft. area on Miracle Mile Shops’ south end that draws in heavy foot traffic from Las Vegas Boulevard into a restaurant and entertainment destination.

Once completed, the area will feature a completely redesigned look and feel as well as multiple new concepts. The center is currently working with KGA Architecture on designs to create the entirely new pedestrian experience. Construction on the area is expected to begin in 2015.

“Our goal is to create a walk-able, fun destination activated with day-life and nightlife including live music and restaurants with indoor and outdoor dining,” said Jerry Irwin, general manager of Miracle Mile Shops.

While plans for the Harmon Avenue area continue developing, several new stores are set to open throughout other areas of the center.

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REAL ESTATE

New Kroger shopping center for Castle Hills, Texas

BY Michael Fickes

Lewisville, Texas — Kroger and retail developer Cencor Realty Services will break ground on a 123,000-sq.-ft. Kroger Marketplace this week. Slated to open in the first quarter of 2015, the new Kroger will anchor a community-regional-draw center located in the 2,500-acre master-planned community of Castle Hills, Texas.

In addition to the Kroger Marketplace, the center’s first phase will include 40,000 sq. ft. of in-line retail space and several ground sites for national restaurant concepts that have not been announced yet.

The planned shopping center will incorporate approximately 350,000 sq. ft. of retail space including additional anchor space, freestanding uses and small-shop retail and restaurant space. The Weitzman Group (www.weitzmangroup.com) will lease the space.

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Charming Charlie to South Shore in Alameda, California

BY Michael Fickes

Alameda, Calif. — Charming Charlie has signed a 10-year lease for a new 5,570-sq.-ft. store at Alameda South Shore Center in Alameda, California. Cornish & Carey Commercial Newmark Knight Frank represented the landlord, Jamestown, the real estate investment and management firm, in the transaction.

Slated to open in September, the new Charming Charlie will join Carter’s and Crazy 8, two more recently signed tenants, in the 594,000-sq.-ft. open-air shopping center.

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