REAL ESTATE

Saks to anchor new Westchester, N.Y., shopping center

BY CSA STAFF

Las Vegas Cleveland-based Forest City Ratner Cos. said Monday on the trade show floor at ICSC’s RECon 2009, that Saks Fifth Avenue will anchor Ridge Hill, the developer’s mixed-use shopping center in Westchester, N.Y. The center is currently under construction.

The 80,000-sq.-ft. store will be two levels and feature its usual assortment of apparel collections from high-end designers, as well as accessories, cosmetics and gifting merchandise.

The new store is the first Saks location in the county.

The new shopping center will also feature approximately 1.2 million sq. ft. of retail space and will host other retailers such as Banana Republic, L.L. Bean and a Cinema De Lux, a multiplex cinema operated by National Amusements.

The open-air mall will also feature approximately 150,000 sq. ft. of office space, and a residential component of 1,000 apartments.

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REAL ESTATE

Aldi commits to former Bombay space

BY CSA STAFF

Chicago Mid-America Real Estate Corp. said it has leased Chicago-area space to Aldi. The location, on N. Clybourn Avenue, was formerly occupied by Bombay Furniture and Leather Creation.

The lease totals 16,600 sq. ft., which Aldi will remodel into space for their new format grocery store that is scheduled to open later this year.

In related news, Mid-America landed Wal-Mart for an expanded lease at the Quarry Shopping Center in southwest Chicago. The retailer renewed and expanded its existing lease by 80,543 sq. ft., bringing the space total to 201,194 sq. ft

Wal-Mart will remain open as the additional space is under construction, with a grand re-opening planned for fall 2009.

Also committing to the Quarry are retailers Play N Trade, which leased 1,600 sq. ft., and Dress Barn, which renewed its lease for 7,500 sq. ft.

The center is anchored by Wal-Mart, Kohl’s, Office Max and Sam’s Club.  

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REAL ESTATE

Nordstrom, Saks to anchor planned shopping center in Puerto Rico

BY CSA STAFF

San Juan, Puerto Rico Nordstrom and Saks Fifth Avenue both signed on to anchor the planned Plaza Internacional shopping center in San Juan, Puerto Rico, marking both retailers’ entry onto the island.

Taubman Centers, Las Vegas, and New Century Development, San Juan, are partnering on the project, which will include a hotel, casino and 650,000 sq. ft. of retail space.

Plaza Internacional will serve approximately two thirds of Puerto Rico’s population of 4 million people.

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