REAL ESTATE

Waterfront village to be renovated

BY CSA STAFF

Patchogue, N.Y. Levin Management Corp. said Friday that Patchogue, a waterfront village in Suffolk County, N.Y., is being renovated, and the accompanying 24,000-sq.-ft. downtown retail property will be part of the renaissance.

Levin is the property’s exclusive managing and leasing agent.

The upgrade, slated for completion by the end of 2009, will also be the basis of a repositioning of the property’s tenant roster. Family Dollar, We The People, a national system of legal document preparation stores, and a bagel store already do business there, according to Levin.

“Our 11,700-sq.-ft. availability, right in the Patchogue Theatre District, calls for Main Street uses. Retailers, professional services or a restaurant all make sense here,” said Jason Frantzman, Levin leasing representative.

Downtown Patchogue serves three distinct market groups: local residents, visitors drawn to the Patchogue Theatre District, and visitors who come for the ferry connection to Fire Island.

Facade improvements will in part be completed with the help of two grants from the New York State Main Street Grant Fund and the approval of the Patchogue Business Improvement District.

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REAL ESTATE

Hotel Sorella opens at CityCentre

BY CSA STAFF

Houston Midway Cos. announced that Hotel Sorella, a luxury hotel by Valencia Group, has opened at CityCentre. The 224-room, Italian-inspired hotel features a Moroccan-style bar with a central fireplace, active seating and a starlit ceiling, as well as an exclusive spa and fitness center. The modern outdoor pool is appointed with daybeds, lanterns and draped cabanas. Dining options include Cafe Rose and Bistro Alex, two new restaurant concepts from noted restaurateur Alex Brennan-Martin.

CityCentre is a $500-million, mixed-use development covering 1.8 million sq. ft. The new center will be a distinct blend of elegant retail shops, fine dining, state-of-the art offices, distinct metropolitan homes and world-class hospitality, all in one 37-acre pedestrian-oriented environment.

 

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A.Snider says:
Feb-28-2013 06:53 am

I cannot afford for this luxury hotel but I stay near that newly opened hotel. We’ll soon be going to Malaysia and look for homestay penang which is affordable and accessible for me to go to my business appointments.

A.Snider says:
Feb-28-2013 06:53 am

I cannot afford for this luxury hotel but I stay near that newly opened hotel. We’ll soon be going to Malaysia and look for homestay penang which is affordable and accessible for me to go to my business appointments.

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REAL ESTATE

Exeter Commons opens for business

BY CSA STAFF

Exeter Township, Pa. Exeter JV Associates, LP, a partnership of The Goldenberg Group and Ironwood Property Group, said Thursday its Exeter Commons shopping center has had its first retail openings.

Target opened a 132,000-sq.-ft. store on July 26, and Giant Foods opened an 81,000-sq.-ft. store and gas station on Aug. 19.

Additional retailers now open for business in the 490,000-sq.-ft. center include Sonic, America’s Drive-In, Sleepy’s, Five Below, Red Robin, Chick-fil-A, Petco, Famous Footwear, and America’s Best Contacts & Eyeglasses.

Other openings in August include Five Guys Burgers & Fries, T-Mobile, GameStop and Supercuts. September openings include Staples and Affinity Bank. Early October marks the opening of a 171,000-sq.-ft. Lowe’s home-improvement store, followed by the planned opening of a Wachovia branch in late October or early November.

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