Ollie’s Bargain Outlet to open at River Plaza
Union, N.Y. — North Plainfield, N.J.-based Levin Management Corp. said that Ollie’s Bargain Outlet has leased 29,423 sq. ft. at the River Plaza shopping center in Union, N.Y.
The Mid-Atlantic’s largest retailer of closeout, surplus and salvage merchandise, Ollie’s will open at the 177,871-sq.-ft., Home-Depot-anchored property in September of this year – filling a key anchor vacancy.
“This space formerly housed a non-retail use, which makes this high traffic-generating tenant a real win for the center,” said Dale Mulartrick with Levin, who negotiated the long-term transaction.
Caruso Affiliated launches construction of mixed-use project
Los Angeles — Caruso Affiliated said it has begun construction on 8500 Burton Way, an upscale residential and ground-floor retail property featuring Trader Joe’s, located in a flourishing region of Los Angeles, adjacent to Beverly Hills.
The eight-story building combines contemporary architectural elements with rich materials, and is moving forward at a time when most other commercial development has stalled.
Located on Burton Way at La Cienega in Los Angeles, the development which will be called simply “8500” is in the heart of a vibrant shopping, dining and entertainment district at the eastern gateway to Beverly Hills.
Sabor Tropical Supermarket to open at Biscayne Plaza
Miami Beach, Fla. — Terranova Corp. announced that grocer Sabor Tropical Supermarket has joined Biscayne Plaza Shopping Center, in Miami Beach, Fla., as a new anchor tenant.
The 24,000-sq.-ft. store is slated to open in 2012. According to Terranova, the retailer is replacing President Supermarket in the center and is required to renovate the interior of the store no later than January 2012. This will be Sabor Tropical’s fifth South Florida store.