REAL ESTATE

Opus completes third Gander Mountain project

BY CSA STAFF

Minneapolis — The Opus Group has completed construction of a 42,300-sq.-ft. store for outdoor retailer Gander Mountain in Tuscaloosa, Ala.

Opus also constructed the Gander Mountain store in Valdosta, Ga., and provided construction management services for the store in Opelika, Ala. In addition, the retailer has awarded Opus a contract for a 45,600-sq.-ft. store in Albany, Ga.

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REAL ESTATE

Quincy, Mass., breaks ground on $1.6 billion redevelopment

BY Michael Fickes

Quincy, Mass. — Merchants Row, the first major block within the new Quincy Center master development plan, has begun construction. Scheduled for completion in 2014, the mixed-use block will include two buildings with a total of 287 lofts, 24,000 sq.-ft. of office space and more than 35,000 sq. ft. of retail space.

Street-Works Development LLC is the master developer for the project, and Suffolk Construction Co. is the construction manager.

Overall, the $1.6 billion redevelopment plan spans a 20 square block urban mixed-use neighborhood and comprises several office buildings, approximately 700,000 sq. ft. of anchor and street retail, restaurant and hospitality space plus 1,400 residential units and 5,000 new public parking spaces.

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REAL ESTATE

Madewell inks center city Philadelphia lease

BY Michael Fickes

Philadelphia — Madewell, a J. Crew concept, has signed its first lease in Center City Philadelphia, according to broker Fameco Real Estate. The 4,000 sq.-ft. store will be located near Rittenhouse Square. Neighboring retailers include Intermixx, Burberry, Athleta and Blue Mercury. Fameco and Open Realty Advisors both represented Madewell in the transaction.

Both brokers are also representing searching for a 2,500-sq.-ft. location for J. Crew Men on Walnut Street in Philadelphia.

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