REAL ESTATE

Riverwalk names outlet tenants

BY Michael Fickes

Dallas and New Orleans — The Howard Hughes Corp. has announced the tenant lineup for the redevelopment of Riverwalk Marketplace in New Orleans. The $70 million renovation is transforming the aging mall into The Outlet Collection at Riverwalk, the nation’s first downtown outlet center.

According to Hughes Corp., virtually all of the space in the new Riverwalk has been committed, and well-known national outlet retailers and popular local retail, dining and entertainment offerings hold 94% of the leases.

National names include Last Call Studio by Neiman Marcus, Coach Men’s Factory Store, Tommy Bahama, Toby Keith’s I Love This Bar & Grill, Hartstrings Childrenswear, U.S. Polo Assn. Outlet, It’Sugar, Sunglass Warehouse, red Mango and New Balance Factory Stores. All told, the newly released tenant list includes about 70 names.

The redevelopment will expand the center by 50,000 sq. ft. to an approximate total of 250,000 sq. ft. Interior demolition and other construction activities are underway. The property plans to reopen in the late spring or early summer of 2014.

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REAL ESTATE

Savills and SRS Real Estate form alliance

BY Michael Fickes

Dallas — Savills, a global real estate services provider listed on the London Stock Exchange, has announced the formation of a strategic alliance with SRS Real Estate Partners — the largest real estate firm exclusively dedicated to servicing retail clients in the U.S.

The alliance will act as a bridge between U.S. and U.K. markets and provide Savills’ and SRS’s retail clients access to expert advise about growing internationally

SRS operates more than 20 offices across the U.S. Savills has an international network of more than 500 offices and associates throughout the Americas, the U.K., continental Europe, Asia Pacific, Africa and the Middle East. Together, Savills and SRS will have a global network of more than 520 offices.

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REAL ESTATE

Ross adds 24 new locations to existing 1,130 stores

BY Michael Fickes

Pleasanton, Calif. — Ross Dress for Less opened 24 new locations last Friday, on Oct. 11. The openings complete the retailer’s 2013 expansion plan to open 65 new locations this year.

The new store openings bring the total of Ross stores to 1,154. Four of the new Ross stores opened in Illinois, three in Missouri and one in Indiana, as the retailer continues its growth in new markets it has entered over the past two years.

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