REAL ESTATE

Streets of West Chester launches Phase II of retail development

BY Katherine Boccaccio

Cincinnati — The Streets of West Chester, a 167,638-sq.-ft. lifestyle center near Cincinnati, is kicking off the pre-development leasing and marketing for the second phase of its retail center with a 200,000-sq.-ft. planned expansion slated to open in spring 2016.

The Streets of West Chester expansion will join the opening of the new Bass Pro, beginning construction this summer, adjacent to The Streets, and will provide shoppers with new retail, restaurants and entertainment.

“The development of these two new retail locations represents the largest concentration of boutique-like retail amenities in the West Chester area,” said Judith C. Boyko, Township Administrator of West Chester. “These are the type of retail destinations our diverse and sophisticated residents demand, and we expect both to be very successful footholds in our retail fabric.”

A significant expansion has always been part of the master plan for the Streets of West Chester, according to owner LPC Retail. The company purchased the center earlier this year, and is moving forward with the original vision for the property, which includes specialty and big-box retail space as well as additional restaurant destinations. The first phase of The Streets of West Chester includes 167,638 sq. ft. of premier retail, entertaining and dining amenities. The center is currently anchored by AMC West Chester 18Theatres, Barnes & Noble, P.F. Chang’s China Bistro, Bravo! Cucina Italiana, Mitchell’s Fish Market, and the recently added Ann Taylor Loft.

At the end of 2013, Bass Pro Shops purchased 22 acres just south of the Streets of West Chester for its new store.

“We consider this location ground zero for the Greater Cincinnati and Dayton markets, and look forward to serving the entire region with a new retail attraction that will benefit from its proximity to I-275, as well as its adjacency to the existing and future retail amenities,” said Mike Dunham, director of real estate at Bass Pro. “We’re beginning construction this summer, with plans to open in 2015.”

To capitalize on the current retail momentum, LPC Retail has appointed JLL’s local retail leasing experts to bring the phase two of its development to life. JLL’s Jenn Williams and Melissa Ruther will spearhead the leasing of the retail expansion. Projected ground-breaking is scheduled for fall 2015 with completion scheduled in spring 2016.

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REAL ESTATE

Winick leases three stores in Nolita to fill repositioned retail

BY Katherine Boccaccio

New York — Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

Aaron S. Fishbein and Darrell Rubens of Winick Realty Group represented landlord Coral Broome Street LLC as they repositioned and upgraded these ground-floor retail opportunities.

“Ownership white-boxed the spaces, upgraded the utilities and installed new floor-to-ceiling glass storefronts. These improvements allowed us to attract top-notch tenants,” said Fishbein.

Fillmore and 5th Designer Consignment, part of parent company Crossroads Trading Inc., a California-based clothing store with locations in Palo Alto and San Francisco, leased its first New York store in the building under the address 398 Broome Street. The 1,680-sq.-ft. ground-floor space includes a basement and is expected to open in third quarter 2014.

On the Kenmare Street side of the building, Sweetgreen leased its third Manhattan location at 100 Kenmare Street. Also expected to open in third quarter 2014, Sweetgreen will occupy 2,400 sq. ft. on the ground floor and 1,600 sq. ft. of basement space that was recently built by ownership.

At 7 Cleveland Place, Paul Fox Salon signed a lease for approximately 950 sq. ft. on the ground floor.

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REAL ESTATE

Einstein Bagels inks new lease at Kendallgate

BY Katherine Boccaccio

Kendall, Fla. — Berkowitz Development Group announced the signing of a new long-term lease with Einstein Bagels for 2,466 sq. ft. at Kendallgate Shopping Center. The chain will take space within a freestanding retail building alongside AT&T in the Center’s plaza located at 12190 SW 88th Street in Miami.

Einstein Bagels has already begun construction at its new location and expects to open in late August.

Other tenants at Kendallgate Shopping Center include Bed Bath & Beyond, DSW, Petco, Ulta, Comp USA, Sports Authority, Chili’s and AT&T.

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