REAL ESTATE

Saks to open department store in Kazakhstan

BY Staff Writer

New York City — Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

The full-line department store, which will tailor its merchandise to the region, will open in Esentai Shopping Mall, which is part of a new mixed-use development featuring residential, office and hospitality components.

The three-story, 91,000-sq.-ft. store will showcase a three-story-high, state-of-the-art digital video screen on the building’s facade.

We “believe that Almaty, Kazakhstan, with its rapidly expanding affluent population, will be a great fit for Saks Fifth Avenue,” said Stephen I. Sadove, chairman and CEO, Saks.

The licensee is VILED Group, based in Almaty.

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REAL ESTATE

Whole Foods Market to make Columbia, S.C., debut

BY Staff Writer

Columbia, S.C. — Shopping center owner and developer Edens & Avant said Friday that Whole Foods Market will open a new store — its third in South Carolina — in the company’s Cross Hill Market retail center in Columbia, S.C.

The new store will be Whole Foods’ first in the capital city and will occupy approximately 37,876 sq. ft. in the 74,326-sq.-ft. development.

In addition to Whole Foods, Cross Hill Market will feature a mix of regional, local and national shops, boutiques and restaurants, as well as a direct pedestrian connection to adjacent neighborhoods. The projected construction start date is January 1, 2012 with an anticipated opening of October 2012.

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CSA columnist Jeff Green: Do medical uses belong in retail centers?

BY CSA STAFF

In his newest column, Retail Rap with Jeff Green, Chain Store Age columnist Green examines the early uptick in medical users in retail centers and questions why the trend has apparently stalled.

Click here to read his latest editorial.

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