REAL ESTATE

Vacated Goody’s locations snagged by Famous Labels

BY CSA STAFF

Las Vegas Discount retailer Famous Labels said late Wednesday it has inked deals with developer Wolford Development to open stores in former Goody’s Family Clothing locations.

The retailer will open 30,000-sq.-ft. stores at Oak Park Town Center in Chattanooga and at Coosa Town Center in Gadsden, Ala. Both stores are slated to open over the summer.

Both power centers, Oak Park Town Center is anchored by Walmart, Marshalls, Old Navy, Office Depot and Petco; Coosa Town Center is anchored by Walmart, TJ Maxx, Old Navy and Petco.

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REAL ESTATE

Vietnamese restaurant signs lease at Five Points

BY CSA STAFF

Santa Barbara, Calif. Regency Centers announced that it has leased space in Five Points Shopping Center in Santa Barbara to Saigon In & Out Vietnamese Restaurant.

The restaurant has leased 3,000 sq. ft. and is slated to open this summer.

The 144,553-sq.-ft. Five Points center is anchored by Ross Dress for Less, Albertsons and Longs Drug Stores, along with retailers including Petco, Great Earth Vitamins, Starbucks, Massage Envy and Cingular Wireless.

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REAL ESTATE

South Bay continues development

BY CSA STAFF

Carson, Calif. The Boulevards at South Bay reported that it will begin a new site-remediation phase in June, marking the continuation of development on the 168-acre former landfill in Carson, Calif.

Pasadena, Calif-based Tetra Tech, which is overseeing the design, construction and operation of the remedial systems, has submitted permit applications to the Air Quality Management District for the landfill gas and treatment components that have already received preliminary design approval by the Department of Toxic Substances Control. Approval will clear the way for installation of the gas treatment system, the gas collection and extraction wells system and the gas condensate collection and treatment system, all of which are required systems to mitigate environmental risks when redeveloping a former landfill.

The mixed-use project, which is being developed by Newport Beach, Calif.-based developers LNR Property Corp. and Hopkins Real Estate Group, will encompass more than 1 million sq. ft. of retail space, up to 1,550 residential units and 300 hotel rooms when it is completed in early 2012.

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