REAL ESTATE

Pizza Hut leases restaurant space at Shiloh Springs

BY CSA STAFF

Garland, Texas Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Garland, Texas, at Shiloh Springs to Pizza Hut.

Pizza Hut has leased 1,120 sq. ft. of restaurant space and is slated to open for business in first quarter 2010.

The 110,040-sq.-ft. shopping center is anchored by Kroger alongside national retailers such as Great Clips, H&R Block and GNC.

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REAL ESTATE

Crystals at CityCenter celebrates grand opening

BY CSA STAFF

Las Vegas MGM Mirage and Infinity World Development Corp., a subsidiary of Dubai World, announced that Crystals at CityCenter has opened to the public.

The exterior architecture of the 500,000-sq.-ft. retail and entertainment district located within the CityCenter development features a multi-faceted glass canopy over a three-level experiential environment.

Within, David Rockwell and Rockwell Group have created an abstract 21st century park that celebrates nature and the seasons, featuring “changeable artwork” in the way of hanging gardens and a colorful flower carpet.

“In Crystals we have coupled stunning architecture and interior design with one-of-a-kind offerings from the fashion industry’s most celebrated brands to create a premier social and cultural environment in the heart of the city,” said Frank Visconti, president of retail for CityCenter. “Here, Las Vegas visitors have a unique place to discover the finer things in life.”

The Taubman Co., responsible for the leasing of Crystals, has assembled a collection of luxury retailers and dining destinations that includes Louis Vuitton, Tiffany & Co., Prada, Gucci, Roberto Cavalli, and Ermenegildo Zegna.

Unique- to-the-market retailers include: Tom Ford, Assouline, Carolina Herrera, de Grisogono, Kiki De Montparnasse, Kiton, Lanvin, Marni, Mikimoto, Miu Miu, Paul Smith, Porsche Design, Rodney Lough Gallery, and Tourbillon.

Other luxury retailers opening large-format stores include Bottega Veneta, Bulgari, Cartier, Christian Dior, Fendi, Van Cleef & Arpels, and Versace. Many of these brands will be opening in December, with the balance opening the first half of 2010.

Eva Longoria Parker’s Beso is joined by dining destinations Mastro’s Ocean Club, a new offering by Todd English, Todd English P.U.B., and two new concepts by Wolfgang Puck, The Pods by Wolfgang Puck and Brasserie Puck. Additional retail, restaurant and entertainment offerings will be announced throughout 2010.

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REAL ESTATE

DLC Management solidifies grocer anchor commitments

BY CSA STAFF

Tarrytown, N.Y. DLC Management Corp. announced it has forged new leasing or redevelopment deals with three national supermarket chains.

The Food Lion anchor at Broad River Centre in Columbia, S.C., has undergone an interior and exterior renovation of its 29,000-sq.-ft. store. Upgrades included new facade signage, interior paint, tile, refrigeration and storage units, fixtures, and restrooms.

Giant Food, located at Eastover Shopping Center in Oxon Hill, Md., completed a 12-week renovation period as part of the company’s three-year “Project Refresh” investment plan, in which it is remodeling or replacing over 100 of its 181 stores. Giant completed a full interior remodeling of the store, which included: wall reconfigurations and new wall coverings, fresh paint, new fixtures, expanded organic and international foods sections, redesigned floral department, and the addition of a PNC Bank branch inside the store.

“We are delighted that our grocery chain partners are investing in their stores across our portfolio,” said Adam Ifshin, DLC president. “It shows, in demanding times, their commitment to our locations and helps drive traffic to our shopping centers.”

In addition to grocery store renovations, DLC has also added a new supermarket to its list of deals completed in 2009. On Oct. 15, Piggly Wiggly signed onboard as the new grocery anchor (and the first store in DLC’s portfolio) at The Shoppes at Letson Farms in McCalla, Ala.

The new 43,442-sq.-ft. grocery store opened on Nov. 17.

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