REAL ESTATE

Whole Foods to anchor 186-acre mixed-use CityLine development

BY Katherine Boccaccio

Richardson, Texas — Commercial real estate development and investment firm KDC announced that Regency Centers will build a 40,000-sq.-ft. store for Whole Foods Market in its CityLine Market development at KDC’s 186-acre mixed-use CityLine project in Richardson, Texas.

“We are excited to have Whole Foods Market as our grocer and enthusiastic about how this offering will enhance the CityLine experience for its residents, office workers and visitors,” said KDC’s Walt Mountford. “Whole Foods’ healthy offerings underscore what CityLine will be: a walkable and livable environment showcasing an ease of lifestyle with parks and trails situated amid businesses, residents and entertainment.”

Whole Foods Market will anchor the initial 81,000-sq.-ft. phase of Regency Centers’ CityLine Market, a retail center located on 11.3 acres at the intersection of Renner Road and Plano Road.

Whole Foods at CityLine is slated to open in spring 2016. “We were attracted to the vibrancy of the urban environment of CityLine, literally on the border of Richardson and Plano,” said Mark Dixon, Southwest Regional President of Whole Foods Market. “The green spaces and parks round out the project for a more tranquil feel within such a busy intersection.”

CityLine features dense urban development with easy access to office, residential, retail, entertainment and parks. The $600 million, 2.3 million-sq.-ft. initial phase of CityLine construction is slated for completion in late 2015. It includes hotel, apartments, a wellness and fitness facility, medical office building and a 3.5-acre park with trails.

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REAL ESTATE

Designer Victor de Souza to open pop-up in Harlem

BY Katherine Boccaccio

New York — Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio of Douglas Elliman’s Retail Group are bringing fashion designer Victor de Souza to a pop up boutique at 2312 Adam Clayton Powell Blvd. as he prepares for his New York Fashion Week debut on Sept. 3.

Concurrently, the Argentinean-American fashion designer, whose creations adorn the likes of Mary J. Blige, Sarah Jessica Parker, Jennifer Lopez, Naomi Campbell, Rihanna, Madonna and Alicia Keys, will introduce his work to the public throughout August and September at the boutique location on the Southwest corner of 136th Street.

"By choosing to open his first New York store here in the midst of Harlem Week, de Souza has demonstrated his commitment to an important re-emerging area with strong roots in fashion," said Consolo.

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REAL ESTATE

Report: Microsoft may open Manhattan store

BY Dan Berthiaume

Redmond, Wash. – Microsoft Corp. is reportedly negotiating to open a new store on Fifth Avenue in Manhattan. According to the New York Daily News, the site is only a few blocks from Apple’s large “glass cube” store in New York.

The 8,700-sq.-ft., two-story building was previously occupied by luxury specialty retailer Fendi, which relocated its store to a Madison Avenue site in 2013. Commercial brokerage firm Cushman & Wakefield is marketing the space and Asian real estate firm King Fook is the landlord. Microsoft operated a pop-up shop in Times Square in 2012 but does not currently have a retail store in New York City. Microsoft did not comment on the report.

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