REAL ESTATE

tvsdesign celebrates opening of fifth largest retail center in China

BY Marianne Wilson

Tianjin, China — Global architecture and interior design firm, tvsdesign, celebrates the opening of Galaxy Mall, the retail portion of Tianjin’s new Cultural Center District, which opened in October 2012. With 360,000 square meters of total building area, Galaxy Mall ranks among the top five largest retail complexes in China, and is more than 80% leased.

The complex opens out to the cultural activities and pedestrian flow of the grand promenade linking the grand Theater and Opera House to the east and the museums, art gallery and library to the south. The central lake extends into the retail site as the water feature flows down a dramatic waterfall and into the below grade retail.

The retail center features five floors rising to a height of 30 meters above ground and a single below grade level linked to the adjacent subway terminals and underground parking. Creating a concept for the interior of the Galaxy Mall organized around four distinctly unique shopping experiences with the Sun, Moon, Star and Earth Courts, tvsdesign conceived of a unique feature in each court with shopping and dining opportunities.

The complex’s focal point is a crystalline building of feature restaurants. This faceted glass building is the sculptural icon of the Commercial Complex, creating a complementary building edge for the buildings across the lake while maintaining the visual prominence and importance of the Opera House.

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REAL ESTATE

Bayer forms JV to acquire The Avenue Webb Gin

BY Katherine Boccaccio

Birmingham, Ala. — Bayer Properties announced that, through a joint venture between it and institutional investors advised by J.P. Morgan Asset Management, has acquired The Avenue Webb Gin outdoor mixed-use shopping center from Atlanta-based Cousins Properties.

The 351,007-sq.-ft. outdoor fashion center is located in northeast suburban Atlanta, and features office space, restaurants and specialty retail including Barnes & Noble, White House | Black Market, Chico’s, Francesca’s Collections, DSW Shoes, Ted’s Montana Grill and Romano’s Macaroni Grill.

This is Bayer Properties’ first asset in the state of Georgia, further extending a national footprint and mixed-use asset portfolio of over 10 million sq. ft.

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REAL ESTATE

Inland acquires The Corner Shopping Center

BY Staff Writer

Tucson, Ariz. — Oakbrook, Ill.-based Inland Diversified Real Estate Trust announced the acquisition of The Corner, an 80,155-sq.-ft. shopping center in Tucson, Ariz., for approximately $29.5 million.

Tenants at The Corner include Total Wine, Nordstrom Rack and Five Guys Burgers and Fries, along with Sleep Number by Select Comfort, Sprint and Paradise Bakery.

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