REAL ESTATE

Save Mart Supermarkets to debut new store format

BY CSA STAFF

Modesto, Calif. — Save Mart Supermarkets is set to launch a new value-focused concept, called Maxx Value Foods, which is designed to offer consumers lower prices, with a center aisle dedicated to high-value offerings.

The chain has converted a 34,000-sq.-ft. conventional store in Modesto, Calif., into the new format, which will debut on Wednesday.

The limited-selection store will retain the appearance of a conventional grocery store, but will use a selection of products as a key element to drive down prices, the company said.

"This launch is a major event for our company," said Steve Junqueiro, president and COO of Save Mart Supermarkets, which operates more than 240 stores under several banners in California and Nevada. "We continuously strive to remain relevant to our customers, and this new store format is an innovate response to the needs of shoppers who look for quality and value, but don’t need frills and the full range of any product. The Maxx Value Foods format will also enable us to consider smaller locations that normally would be incompatible with a warehouse store format."

The new format will include bakery/deli and meat/seafood departments, which will feature pre-packed products. In addition to standard checkout lanes, self-checkout registers will also be available.

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McShane Construction awarded parking deck project at Randhurst Village

BY CSA STAFF

Rosemont, Ill. — McShane Construction Co. said Tuesday it has been awarded a three-story, 586-space parking structure project on behalf of developer Casto Lifestyle Properties.

The new construction assignment is located at Randhurst Village in Mount Prospect, Ill., a 100-acre, mixed-use redevelopment project of the former Randhurst Mall that will feature retail, dining, entertainment and hospitality components.

The exterior of the garage will utilize a combination of precast concrete and architectural screen materials to blend seamlessly with the new state-of-the-art, 14-screen AMC cinema. The design will be highlighted by two glass elevators enclosed in a single glass tower element, providing garage users with convenient access to the mixed-use facilities. In addition to serving the adjacent theater attendees, this parking facility will also support visitors throughout the entire Randhurst Village development.

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Dick’s Sporting Goods opens at The Fountains

BY CSA STAFF

Beachwood, Ohio — Developers Diversified Realty Corp. announced the opening of Dick’s Sporting Goods at The Fountains, a completely redeveloped 477,343-sq.-ft. community shopping center located in Plantation, Fla.

Dick’s Sporting Goods joins Kohl’s, which opened in 2009, as one of the first new tenants at the redeveloped center. In addition, Jo-Ann fabric and craft stores will open a 20,000-sq.-ft. store and Lime Fresh Mexican Grill will open a 2,160-sq.-ft. restaurant early in 2011. The center also features Marshalls and HomeGoods and is 93% leased.

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