REAL ESTATE

Tim Hortons to open 13 locations in New York City

BY CSA STAFF

New York City Canadian doughnut and coffee chain Tim Hortons will open 13 stores in New York City on Monday in former Dunkin’ Donuts’ locations, according to a franchisee, the Associated Press reported. The Riese Organization, which operates 113 restaurants in the New York City area, said it will run the new restaurants.

The sites will be Tim Hortons’ first in New York City.

Riese said the sites will close as Dunkin’ Donuts retail locations on Friday, and reopen as Tim Hortons locations on Monday.

The company said it agreed about five years ago to terminate its franchise relationship with Dunkin’ Donuts, owned by the privately held Dunkin’ Brands, by July 31.

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REAL ESTATE

Saks Off 5th to open at Park Lane

BY CSA STAFF

Dallas Harvest Partners announced that its Park Lane mixed-use project in Dallas will feature a Saks Fifth Avenue Off 5th, which will open a 29,600-sq.-ft. store in November.

“We’re thrilled with the opportunity to open a new Off 5th in Dallas,” said Robert Wallstrom, president of Off 5th. “Park Lane is centrally located with convenient access for our customers, and it also offers a great mix of stores, dining, residents and workers.”

The Park Lane Off 5th store will be the ninth store, and the first in Dallas, to feature the new, modern “luxury in a loft” environment and prototype design that debuted with much success last year.

Earlier this year, Park Lane opened its first stores with Nordstrom Rack, Dick’s Sporting Goods, The Children’s Place and Lane Bryant/Cacique. Additional shops and restaurants will continue to open over the next several months, including Village Burger Bar and Gordon Biersch, culminating with Dallas’ new flagship Whole Foods Market.

Park Lane is a 33.5-acre mixed-use development across from NorthPark Center in Dallas. In the equivalent of five city blocks, the $750 million project offers an urban experience with transit access and 700,000 sq. ft. of retail, restaurant and entertainment space anchored by Whole Foods Market and Sports Club/LA.

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REAL ESTATE

CityCenter announces tenant commitments

BY CSA STAFF

Las Vegas The multi-use development slated to open later this year on the Las Vegas Strip, CityCenter, has announced a lineup of tenant commitments for its 500,000-sq.-ft. retail and dining district called Crystals.

Scheduled for a Dec. 3 opening, Crystals will showcase large-format luxury retailers Prada, Christian Dior, Bulgari, Carolina Herrera, Hermes, Roberto Cavalli, Cartier, Van Cleef & Arpels and Versace. These brands will join previously announced retailers Louis Vuitton, Tiffany & Co. and Ermenegildo Zegna. 

Unique-to-the-market retailers opening their first locations in Las Vegas include Tom Ford, Assouline, Kiton, Miu Miu, Paul Smith and Porsche Design, along with the previously announced de Grisogono, H. Stern, Marni and Tourbillion.

Restaurants opening their first Las Vegas locations at Crystals include Eva Longoria Parker’s Beso and Mastro’s Ocean Club Seafood House — all joined by a new pub concept by Todd English and two previously announced new concepts by Wolfgang Puck.

Crystals also announced that Bally, Emilio Pucci, Ilori and Mikimoto will open, along with a new gallery by Dale Chihuly.

Leasing is handled by The Taubman Co.

In addition to Crystals, CityCenter will feature ARIA Resort & Casino, three non-gaming luxury hotels, a residential component and a Fine Art Collection.

CityCenter is a joint venture between MGM Mirage and Infinity World Development Corp., a subsidiary of Dubai World.

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