REAL ESTATE

Von Maur to open first store in Oklahoma

BY Katherine Boccaccio

Davenport, Iowa — Von Maur Department Stores announced Wednesday it has signed a contract to open a 150,000-sq.-ft. store at the GGP-owned Quail Springs Mall in Oklahoma City in fall 2014.

The store will be the company’s first location in Oklahoma.

Located at the mall’s former Sears location, the two-level Von Maur store will receive a complete renovation beginning in summer 2013 in order to feature the company’s exterior brick facade and signature residential ambiance, complete with antiques, original artwork, open-floor plan and music from the store’s grand piano.

The Oklahoma City announcement is consistent with the retailer’s previously announced national growth strategy, which includes opening a second Georgia location in Atlanta in November 2012, along with plans to grow into New York and Alabama in fall 2013.

"Oklahoma City is a thriving metropolitan area with numerous offerings and opportunities for both businesses and residents alike," said Jim von Maur , president of Von Maur. "We’re excited to be a part of the growth in one of the state’s most vibrant areas and look forward to showcasing our service and selection to shoppers at Quail Springs Mall."

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REAL ESTATE

Englewood Construction to launch four Midwestern projects

BY Katherine Boccaccio

Chicago — Englewood Construction announced Wednesday that its retail group has begun work on four new projects, including three in the Chicago market and one in Columbus, Ohio.

In late February, Englewood Construction began building its eighth American Girl store – a 12,832-sq.-ft. space in Easton Town Center, in Columbus, Ohio; another large project this year for Englewood is the 20,000-sq.-ft. prep work for a Saks Fifth Avenue store in the new Fashion Outlets of Chicago, a 530,000-sq.-ft. outlet center set to open Aug. 1 in Rosemont, Ill.

The company is also remodeling two Chicago locations for Trader Joe’s – a 15,000-sq.-ft. store at 1147 S. Wabash Ave. and a 4,500-sq.-ft. store at 1840 N. Clybourn Ave.

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7-Eleven targets 50,000 stores by end of Q1

BY Staff Writer

Dallas — 7-Eleven announced Tuesday that the company achieved record store growth in 2012 and expects the number of 7-Eleven stores worldwide to pass the 50,000-store mark by the end of the first quarter.

The c-store chain added nearly 5,000 stores globally in 2012; 1,000 were in the U.S. and Canada. At year’s end, 7-Eleven operated 49,500 stores in 16 countries.

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