REAL ESTATE

Subway to open 3,000 stores in 2014

BY Dan Berthiaume

Milford, Conn. – The Subway restaurant chain is poised to open about 3,000 new locations worldwide this year. Subway currently has more than 41,000 stores in 105 countries worldwide.

"Location, location, location is still the mantra," said John Devine, director of Subway Real Estate. "We continue to provide our customers with convenient locations to enjoy our great menu offerings. At the same time, we continue to offer landlords and developers a proven, stable and trusted tenant for their real estate."

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REAL ESTATE

Bass Pro Shops to open 13th Florida store

BY Michael Fickes

Gainesville, Fla. — Bass Pro Shops has announced plans for a new store in Gainesville, Florida. Slated to open in 2016, the planned 80,000-sq.-ft. store will anchor Celebration Pointe, a one-million-sq.-ft. mixed-use development that will include retail, restaurants, entertainment, a hotel and residential units. The property lies in the northwest quadrant of Interstate 75 and Archer Road.

It will be Bass Pro Shop’s 13th store in Florida. The retailer currently operates nine stores in the state, while locations have been announced for Brandon/Tampa, St. John’s County/Jacksonville and Daytona.

As part of the Celebration Pointe Development, the Bass Pro Shops Sportsman’s Center will sit on more than 100 acres of a permanent conservation area along the western portion of the property. When combined with the 460–acre Lake Kanapaha conservation area and the 240-acre Split Rock conservation area, an 800-acre scenic nature preserve will surround the project.

More than 100,000 vehicles will pass the new Gainesville Bass Pro Shops each day, en route to the area’s many outdoor opportunities.

More than 116 million people will visit Bass Pro Shops’ 85 stores and marine centers across the United States and Canada this year. The average customer stays 2.5 hour and drives an average distance of 50-plus miles.

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REAL ESTATE

DeBartolo taps JLL to manage Ka Makana Ali’i

BY Michael Fickes

Las Vegas — DeBartolo Development has retained JLL Retail to manage the new Ka Makana Ali’i shopping center in Kapolei, West Oahu, considered the fastest growing area in Hawaii. The $500-million project will span 67 acres of Department of Hawaiian Home Lands at the intersection of the Kapolei and Kualaka’i Parkways. Upon completion Ka Makana Ali’i will be the third largest shopping center in Hawaii.

The 1.4-million-sq.-ft. center will feature more than 100 shopping, dining and entertainment offerings, a department store, two hotels and LEED-certified office space. Construction will commence late this year with the opening projected for 2016.

JLL Retail’s property management portfolio in Hawaii includes 4.1 million sq. ft. of retail space throughout the islands.

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