REAL ESTATE

Trademark’s Saddle Creek property brings new retail to Tennessee

BY Melonie Messina

Germantown, Tenn. — Trademark Property Co. announced Lily Rain will open a 1,600 sq. ft. store at Saddle Creek, in Germantown, Tennessee. The store will be Lily Rain’s first Tennessee location and will open in spring 2016 next to Michael Kors.

“Leasing momentum is strong at Saddle Creek right now, and we’re pleased that Lily Rain is joining the list of tenants opening at Saddle Creek,” said Terry Montesi, CEO, Trademark Property Co. “The next few months will see additional openings, including Soft Surroundings and Kendra Scott, with more to come in 2016.”

Trademark is currently underway on the second phase of its redevelopment efforts at Saddle Creek, including adding 5,000 sq. ft. of new retail space and additional parking at Saddle Creek North, as well as new signage, wayfinding, landscaping, public space transformation, and façade renovations to visually tie the northeast corner to the new Saddle Creek South. Completion is slated for spring 2016. Combined with the initial phase of redevelopment, which was completed in 2015, the redevelopment efforts will have added approximately 25,000 sq. ft. of new retail space to the property.

Additional tenants coming to Saddle Creek include: Soft Surroundings and Kendra Scott, both of which will open in November; Stoney River Steakhouse, slated to open in early 2016; and Vom Fass and Select Comfort, which are slated for spring 2016 openings.

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REAL ESTATE

Ikea’s U.S. expansion to bring it to another new market

BY Marianne Wilson

Ikea’s U.S. expansion to bring it to another new market

Ikea is looking to open its first store in the state of Indiana.

The home furnishings giant is submitting plans to the City of Fishers, Indiana, to open a 296,000-sq.-ft. store 15 miles northwest of downtown Indianapolis.

Pending approvals, construction of the new Ikea could begin as early as summer 2016, with an opening in fall 2017.

The retailer will evaluate potential on-site power generation to complement its current U.S. renewable energy presence at nearly 90% of its U.S. locations.

“We are excited at the prospect of growing our Midwest presence with an Indianapolis-area store,” said Ikea U.S. president Lars Petersson. “A location in this retail corridor would provide our already 184,000 Indianapolis-area customers their own store and would introduce the unique Ikea hopping experience to other consumers throughout Indiana.”

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REAL ESTATE

EDENS adds brands focusing on health, nutrition and personal style to Union Planters Plaza

BY Melonie Messina

Fort Lauderdale, Fla. — EDENS adds seven new retailers to its Union Planters Plaza located in Fort Lauderdale, Florida. These openings follow the center's complete redevelopment which included the addition of a community green space.

The new stores tie into the center's focus on healthy lifestyles, featuring a weekly Farmers' Market. The newly opened stores include: Buenos Aires Café, Chill-N Ice Cream, Stash Boutique, Q Bar Burgers & Blues, Piola, OrangeTheory Fitness and0 Core Contour. The 155,000 sq. ft. center is anchored by Whole Foods Market and Dick's Sporting Goods.

"Union Planters Plaza has become a true gathering place for our community and this is an exciting time for the center," said Jami Passer, chief investment officer for EDENS. "Our retail partners are bringing entirely new concepts to the Fort Lauderdale market and will be the perfect complement to our already popular brands like Whole Foods Market and Dick's Sporting Goods."

More retailers will be joining Union Planters Plaza in the coming months including: Rinaldi Shoes, an Italian shoe boutique, Fitlife Foods, a retailer providing healthy, high-quality chef-prepared meals for fitness-minded consumers on-the-go, and Spring Chicken, a new fast-casual fried chicken concept by Miami-based restaurant group 50 Eggs Inc. Rinaldi Shoes is slated to open later this year, Fitlife Foods and Spring Chicken opening early 2016.

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