REAL ESTATE

New restaurant signs for Shelter Cove Towne Centre

BY Michael Fickes

Hilton Head Island, S.C. — SERG Restaurant Group has announced that it has signed a letter of intent to create of a new restaurant for Shelter Cove Towne Centre. The concept for the new restaurant has been in development for three years and will open in 2014. Details were not announced.

A joint venture between Blanchard & Calhoun Commercial and Kroger Real Estate, the 42-acre Shelter Cove project will redevelop an existing mall into 290,000 sq. ft. of retail space with Kroger and Belk serving as the anchors. The redevelopment will also include 220 waterfront apartments and a five-acre linear park.

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REAL ESTATE

Hampton Roads gets two more Firehouse Subs

BY Dan Berthiaume

Virginia Beach, Va. — Two Firehouse Subs shops opened Monday, an 1,800-sq.-ft. location in Virginia Beach’s Strawbridge area and a 2,400-sq.-ft. location in Hampton’s Coliseum Central.

Divaris Real Estate represented the sub shop in negotiations for each location.

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REAL ESTATE

Lakeforest Mall will spend $1.2 million on improvements

BY Michael Fickes

Gaithersburg, Md. — Lakeforest Mall in Gaithersburg, Md., today announced a $1.2 million renovation plan. Improvements will include a reconfiguration of the center court, a new and improved children’s play area and new furniture for the food court.

Work will level the 5,245-sq.-ft. center court to create a space that will host community events such as the Lunar New Year Celebration, Summer Camp Expo and holiday promotions. Center court renovations will finish up by early November.

A new play area, Adventure in The Forest opened in the courtyard near J.C. Penney in July, featuring an oak tree, jeep, helicopter and canoe in a Maryland woodland backdrop of Black-eyed Susans, a terrapin turtle and a Baltimore Checkerspot Butterfly.

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