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Westchester’s Ridge Hill, Yonkers, N.Y.

BY CSA STAFF

When Westchester’s Ridge Hill launches its grand-opening festivities over the four-day period from Oct. 20 to 23, it will be celebrating not only the introduction of a one-of-a-kind shopping destination for New Yorkers, but also a series of market debuts for the area.

Located in Yonkers, Westchester’s Ridge Hill is the New York metropolitan area’s largest mixed-use outdoor shopping center, spanning more than 81 acres and including 1.3 million sq. ft. at full build-out. It features a 50,000-sq.-ft. Whole Foods Market, New York State’s first Yard House, and The Cheesecake Factory, plus national retailers such as L.L. Bean, H&M, Old Navy, Sephora, Orvis, Gap and Desigual — all slated to open their doors this month, with more new store openings to follow in November and December.

On Oct. 20, Yonkers’ Mayor Philip A. Amicone will greet the crowd alongside property developers Forest City Ratner Cos. chairman and CEO Bruce C. Ratner, James A. Ratner, chairman and CEO of Forest City Commercial Group and Andy Silberfein, executive VP and director of retail and finance for FCRC. Other attendees will include city and county officials as well as the project’s architects, who have worked for years to bring Ridge Hill to fruition.

“This is an exciting opportunity for not only Westchester but the entire tri-state area and we are eagerly anticipating celebrating this occasion with the vibrant Yonkers community,” said Bruce Ratner. “We have great brands on board and our retailers are thrilled to be associated with the dynamic Ridge Hill project.”

Earlier this year, Ridge Hill opened National Amusements’ Cinema de Lux – a 12-screen movie theater featuring a restaurant, bar and children’s playroom – as well as REI and Dick’s Sporting Goods.

In addition, Westmed Medical Group recently opened an 84,000-sq.-ft. medical facility; Sur la Table and Charming Charlie are slated to open in early November. Republic of Couture and Guitar Center are under construction and will open in the near future.

In March 2012, Lord & Taylor is expected to open an 80,000-sq.-ft. location to anchor Westchester’s Ridge Hill – making it the first new, full-line Lord & Taylor since its landmark mall store opened in Alexandria, Va. in 2001.

LA Fitness, Texas de Brazil, Brio Tuscan Grille, and Cuban eatery Havana Central – the first outside Manhattan – are also expected to be rolled out in early 2012.

Ridge Hill is also expected to provide a major boon to the local economy, adding an anticipated 4,000 full-time jobs, 5,500 construction jobs once fully built and generating estimated annual sales tax revenue of $24.2 million. “This project will serve to invigorate the greater Westchester area bringing local jobs and tax revenue at a time when they are greatly needed,” said Andy Silberfein.


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P.Lopez says:
Apr-10-2013 07:35 pm

Chatrandom
This is an exciting opportunity for not only Westchester but the entire tri-state area and we are eagerly anticipating celebrating this occasion with the vibrant Yonkers community. Chatrandom

P.Lopez says:
Apr-10-2013 07:35 pm

This is an exciting opportunity for not only Westchester but the entire tri-state area and we are eagerly anticipating celebrating this occasion with the vibrant Yonkers community. Chatrandom

S.John says:
Feb-04-2013 05:55 am

sms lån
Ridge Hill is also expected to provide a major boon to the local economy, adding an anticipated 4,000 full-time jobs, sms lån

S.John says:
Feb-04-2013 05:55 am

Ridge Hill is also expected to provide a major boon to the local economy, adding an anticipated 4,000 full-time jobs, sms lån

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REAL ESTATE

DDR to redevelop four shopping centers in Puerto Rico

BY Staff Writer

Beachwood, Ohio — DDR Corp. said Monday it will redevelop four shopping centers in Puerto Rico — Plaza del Sol and Rexville Plaza in Bayamon, Plaza del Norte in Hatillo and Plaza Escorial in Carolina. Total investment is more than $50 million.

The redevelopment at Plaza del Sol, a 676,000-sq.-ft. enclosed mall anchored by Walmart, Home Depot, Caribbean Cinemas and Bed Bath & Beyond, is slated to start in early 2012. The project includes relocating the existing food court and converting the former food court into approximately 25,000 sq. ft. of in-line space. The expected completion date is late 2012.

Plaza del Norte, a 671,000-sq.-ft. enclosed mall anchored by Walmart, Sears, Toys “R” Us and TJ Maxx, will be redeveloped to include a 30,000-sq.-ft. expansion and renovation of the existing J.C. Penney. The project also includes the addition of a new Rooms To Go, the combination of three small shop units to accommodate a new PetSmart, new carts and kiosks and a significant interior and exterior renovation. The project is expected to be completed in early 2013.

The improvements at Rexville Plaza include the addition of new CVS and Marshalls stores in the space currently occupied by an underperforming Pueblo Supermarket. The project is expected to be completed in summer 2012.

The project at Plaza Escorial, which currently features a Walmart and Sam’s Club that together generates annual sales in excess of $250 million, will include the addition of a new PetSmart store, which will open prior to year end in the space formerly occupied by Borders. This location will represent PetSmart’s fourth location in a DDR center in Puerto Rico.

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Sears Home Appliance, Weight Watchers join Superior Marketplace

BY Staff Writer

Superior, Colo. — Brixmor Property Group announced that two retailers will join Superior Marketplace, located in Superior (Denver), Colo.

A 5,267-sq.-ft. lease has been executed with Sears Home Appliance, and Weight Watchers will occupy a 1,325-sq.-ft. space.

Brixmor, based in New York City, is the owner of Superior Marketplace.

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