REAL ESTATE

Report: Aldi to anchor new $12M shopping center in Fla.

BY CSA STAFF

Orlando, Fla. An Orlando, Fla., development firm plans to build a 50,000-sq.-ft. shopping center in Ocoee, Fla., anchored by an Aldi discount grocery store, according to the Orlando Business Journal.

Vertical construction is slated to start in early 2010 at the Shoppes of West Oaks center. The project is expected to cost $12 million.

Aldi reportedly will build its new 20,000-sq.-ft. prototype store at the Shoppes of West Oaks center, and will include another three or four outparcels as well, along with additional retail space, all totaling about 30,000 sq. ft.

It is the first new Aldi store to enter the market since the discount grocer opened 13 stores in Central Florida, and a Haines City, Fla., distribution center, last year. According to the report, Aldi wants to add stores in other locations — including one under construction in Oviedo, Fla.

Aldi also plans to build a 780,800-sq.-ft. distribution center in Jefferson, Ga. The distribution center would have 482,223 sq. ft. at first, with a proposed future expansion of 298,626 sq. ft.

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REAL ESTATE

Office Depot unveils new format

BY CSA STAFF

Albuquerque, N.M. Office Depot unveiled on Tuesday its remodeled store in the Towne Park Plaza Shopping Center in Albuquerque, N.M., according to the New Mexico Business Weekly.

Office Depot converted its Duke City flagship to its M2 retail format where products are grouped in strategically located “pods,” with core supplies at the outer perimeter of the store. Furniture and technology have been moved to the store’s center to better support consultant sales. Bold signage, updated colors and new flooring are part of the package.

Company officials did not release the cost of the remodel.

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REAL ESTATE

ICSC announces “hot retailer” winners

BY CSA STAFF

Las Vegas The International Council of Shopping Centers revealed its four 2009 “Hot Retailer” award winners, at its RECon event in Las Vegas.

The annual award recognizes innovative retail concepts that are appearing in shopping centers around the world.

“ICSC is pleased to announce and award its ‘Hot Retailer Award’ to retailers that have worked hard to create products and services that drive customers to shopping centers around the world,” said Michael P. Kercheval, ICSC’s president and CEO. “These four retailers create exciting and interesting shopping experiences that contribute to the success of the shopping centers that have these stores as tenants.”

This year’s Hot Retailer awards went to Blue Jeans Bar; Edward Beiner — Purveyor of Fine Eyewear; Fashionlogy; and OrangeCup.

Blues Jean Bar, with stores in San Francisco, Santa Monica, San Jose, Dallas, Denver and Chicago, repeats the neighborhood pub concept, featuring bars and barstools tended by “jean-tenders” who help customers find the perfect pair of jeans.

Edward Beiner is a Miami-based eyewear designer and retailer of celebrated brands and has nine locations in Florida.

Fashionology’s single store in Beverly Hills targets tweens, offering an interactive retail experience where tween girls can design and make their own clothes and accessories.

OrangeCup, founded by a group of University of Texas graduates, serves frozen yogurt in an environmentally sound and eco-friendly operation.

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