REAL ESTATE

Moorestown Mall signs Distrito by Iron Chef Jose Garces

BY Michael Fickes

Philadelphia — Distrito, a Garces Group restaurant, has leased a 7,500-sq.-ft. space at the Moorestown Mall in Moorestown, N.J., according to the mall’s owner Pennsylvania Real Estate Investment Trust.

James Beard Award-winning chef and one of only a few chefs in the country designated an Iron Chef, Jose Garces owns and operates more than a dozen restaurants in five states.

Distrito will open next year, joining chef Marc Vetri’s Osteria and Firebirds Wood Fired Grill, both of which plan to open in time for Holiday 2013.

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REAL ESTATE

Consolo, Aquino arrange Boyoung Kim debut store

BY Michael Fickes

New York — Korean fashion designer Boyoung Kim will open her first dedicated boutique on Columbus Avenue, said Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group.

Consolo and Aquino arranged the lease as part of the continuing repositioning of the block front encompassing 410 Columbus Avenue. The pair exclusively represent the landlord, Orleans Realty for the demi block-front, which encompasses five contiguous stores between 78th and 79th Streets, across from the American Museum of Natural History.

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REAL ESTATE

Grand opening for NOLA’s Mid-City Market

BY Michael Fickes

New York — Stirling Properties has opened the Mid-City Market in New Orleans, the firm’s largest group-up retail development in the city. A 54,390-sq.-ft Winn-Dixie anchors the 108,763-sq.-ft. shopping center. Stirling estimates that the center will generate annual retail sales of more than $61 million.

“Mid-City Market is proof that New Orleans is building back better than before,” said Mayor Mitch Landrieu at the grand opening last week. “This project took once blighted and vacant properties and transformed them into a retail and restaurant hub for the community.”

According to Stirling, the $40 million shopping center has created 504 new jobs in the area.

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