REAL ESTATE

Pret A Manger leases Capitol Hill building

BY Michael Fickes

Washington, D.C. — Pret A Manger has leased a two-story retail building on Capital Hill in Washington, D.C., according to Douglas Development, the building’s owner. Located just two blocks from the U.S. Capitol Building, the restaurant will occupy 4,300-sq. ft. and offer two floors of indoor dining as well as a large outdoor patio.

Originally from London, Pret A Manger opened its first U.S. location in 2000 near the New York Stock Exchange. Today, there are over 300 Pret A Manger locations worldwide.

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REAL ESTATE

Shinsegae Simon opens Busan Premium Outlets

BY Michael Fickes

Busan, South Korea — Shinsegae Simon, a joint venture between Shinsegae Group and Simon Property Group has announced the grand opening of Busan Premium Outlets, its third Premium Outlet Center in South Korea. The first two are located in Yeoju and Paju.

The new center is located on the southeastern tip of the Korean Peninsula and features 180 outlet stores. Fashion brands include Coach, Ermenegildo Zegna, Isabel Marant, Jill Stuart, Marc Jacobs, Roberto Cavalli and Vivienne Westwood.

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REAL ESTATE

NYC’s new Pier 57 complex renamed SuperPier

BY Marianne Wilson

New York — Youngwoo & Associates (YWA) announced that the Pier 57 development at West 15th Street in Hudson River Park, Manhattan will now be officially known as SuperPier. Constructed in 1952, Pier 57 was an engineering marvel, built on three giant buoyant and hollow concrete boxes, or concrete caissons. Described as indestructible, it was dubbed “Super Pier” when it opened.

The anchor tenants for the new development include:

  • Opening Ceremony, a cutting edge multi-level retail environment, with a prominent retail space utilizing "Incuboxes" or repurposed shipping containers retrofitted and designed for concept shops;
  • Brooklyn Boulders, New York City’s only fully dedicated bouldering facility will open a second bouldering community; and
  • Andre Balazs Properties, which will debut a Riverfront Spa and Beach Club hospitality concept.

SuperPier, scheduled to be completed in the spring of 2015, includes 270,000 sq. ft. of total leasable space for targeted uses such as food markets and restaurants; culture and recreation; creative retailers; and an "Incubox" marketplace.

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