DEVELOPMENT/REDEVELOPMENT

Washington, D.C.-area mall to get mixed-use makeover

BY Al Urbanski

Forest City Realty Trust has announced the completion of an agreement with Arlington County, Virginia, to transform Ballston Common Mall in a mixed-use project to be renamed Ballston Quarter.

The public-private partnership will open up the existing enclosed mall, create a public plaza in the space, and add a 406-residence residential tower adjacent to the retail center. The plan also calls for infrastructure improvements including a renovated pedestrian bridge and new landscaping

Arlington County will fund up to $55.5 million in redevelopment costs for Ballston Quarter, located in Arlington, about four miles from Washington, D.C.

“Ballston Common Mall was the first project I worked on at the company, and now Ballston Quarter will be the newest example of our urban, mixed-use, place-making strategy," said Forest City Washington president Deborah Ratner Salzberg.


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TENANT UPDATE

Cartier, Hermes to open at Stanford Shopping Center

BY Al Urbanski

Simon Properties has announced the impending arrivals of Cartier and Hermes at its Stanford Shopping Center in Palo Alto, California. This marks Hermes’ first new U.S. store in five years, according to Simon.

The 6,000-sq.-ft. Hermes shop, which will reside near Neiman Marcus in the center of the newly updated center, is scheduled to open in late 2017 or early 2018. Its focus will be on men's, women's, home, and equestrian collections.

The size and opening date of the Cartier shop has not been released, though it will sit adjacent to Hermes.

Alex and Ani and Anthropologie will open shops at Stanford before the end of the year. Several other new tenants moved in this summer, among them the British fashion house All Saints, Italian fashion brand Luisa Spagnoli, Spanish jewelry retailer UNOde50, and The North Face.


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TECHNOLOGY

Report: Chicago startup teams with Target to take on Amazon Alexa voice search

BY Gina Acosta

A Chicago startup has landed partnerships with four major online retailers, including Target, to launch a product meant to rival Amazon’s Alexa, according to the Chicago Tribune.

The newspaper reports that the firm, AddStructure, is running a six- to nine-month pilot with Target, and plans to launch pilots with L’Oreal, Under Armour and online antiques marketplace 1stdibs in October, co-founder Jarrod Wolf said.

Read more about the project by clickinghere.

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