Village on the Parkway acquired
Dallas — The Retail Connection, L.P., Lincoln Property Company Commercial and the Fidelity Real Estate Group announced Friday that they have acquired Village on the Parkway, a 380,000-sq.-ft. lifestyle center located in the Addison area of the Dallas Fort Worth Metroplex.
The center was sold by J.E. Robert Co. after the default by its previous owner.
“We are excited about acquiring one of the premier retail locations in the DFW metroplex and redeveloping it into a first-class retail, entertainment and dining district,” said Alan Shor, president of The Retail Connection, L.P.
Village on the Parkway consists of seven Mediterranean-style buildings with gardens, monument towers and water gardens throughout the center. The center has been re-merchandised over the years with local and national retailers and restaurateurs and has maintained a high occupancy while acting as the gateway to the City of Addison.
Sundance Cinemas to open at Bayou Place
Houston — Los Angeles-based Sundance Cinemas, Baltimore-based The Cordish Cos. and the City of Houston announced that a lease has been signed for the former Angelika center space at Bayou Place in the theatre district of Downtown Houston.
Sundance said it expects the extensive refurbishment work to begin immediately on the eight-screen complex with the target of a Nov. 1 opening.
Developers Diversified receives five MAXI awards
Beachwood, Ohio — Developers Diversified Realty Corp. said that it earned one MAXI Gold and four MAXI Silver awards for shopping center marketing and management programs at the International Council of Shopping Centers’ Fusion Conference in Hollywood, Calif.
In the Sales Promotions and Events category, a MAXI Gold was awarded to the 25 on the 25th event at Deer Park Town Center in Chicago. The center developed a wine-tasting promotion to showcase a local merchant and encourage shoppers to explore the center.
In the Cause-Related Marketing category, a MAXI Silver was awarded to the Giving Children Hope entry by Buena Park Downtown. This shopping center in Buena Park, Calif., organized a food drive for local families.
In the Traditional Media category, a MAXI Silver was awarded to the Centros Isla rebrand effort in Puerto Rico.
In the Digital Media category, a MAXI Silver was awarded to the Flash Mob event at Birkdale Village in Huntersville, N.C. Also in the Digital Media category, a MAXI Silver was awarded to Centros Isla’s Isla Flash contest in Puerto Rico.