REAL ESTATE

Gainesville goes whole hog for Whole Foods

BY Al Urbanski

You’d think they’d never seen organic kale before.

When Whole Foods Market opened its first store in Gainesville, Fla. (big college town; always a solid customer base for the grocer), the line of customers circled the 40,000-sq.-ft. at Butler Town Center, Deborah Butler’s 21st Century addendum to her family’s retail mega-complex.

Butler was moved to grab a microphone to thank the inaugural crowd of more than 2,000, telling them, “I could not have partnered with a more unique company and innovative retailer than Whole Foods, which is so perfect for our community.”

Inside Butler Town Center’s Whole Foods is a “history wall” picturing the history of the property as Stengel Air Field and a former military air training base, as well as the home of the Pitts Special planes designed and build here in the 1940s.

Next to open at the property will be Grub Burger, P.F. Chang’s, and Irish 31, and Butler Enterprises’ marketing director Mary Reichardt is optimistic for a turnout on the order of Whole Foods’s. People started camping out the night before!” she exclaimed. “It was so crazy.”

If you happen to be at ICSC’s RECon real estate show in Las Vegas as you read this and want to learn more about the 450,000-sq.-ft. mixed-use center, see Butler and Reichardt at Booth C2012.

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ICSC 2018 Booth Highlights
REAL ESTATE

ICSC RECon booth highlights

BY CSA Staff

The International Council of Shopping Centers is expecting a huge crowd at the 2018 ICSC RECon Global Retail Real Estate Convention, which runs from May 20–23 in Las Vegas.

Get a jump on your show planning with the following booth highlights sorted by exhibition hall.

Jump to specific booth highlights:

Central Hall
VEREITCBREInlandNational Realty & Development Corp.Lake Nona Town Center, Steiner + AssociatesNew England DevelopmentAvison Young, Celebration Pointe (Avison Young), Irvine Co. Retail PropertiesButler Enterprises

North Hall
Bialow Real EstateRPAIPREITCBL PropertiesBluhawkCelebration Pointe (TORG), The Outlet Resource Group

South Hall
DLC ManagementPhillips Edison & Co., Phillips Edison Retail Intel, Mid-America Real Estate GroupX Team Retail AdvisorsCullinan Properties

 


ICSC 2018 Booth Highlights — VEREIT

VEREIT
#C071SOU

VEREIT is a full-service real estate operating company that owns and manages one of the largest portfolios of single-tenant commercial properties in the United States. The company has a total asset book value of $14.7 billion, including approximately 4,100 properties and 94.4 million sq. ft. VEREIT’s business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. Visit VEREIT’s booth at ICSC RECon 2018 to learn more about our diverse portfolio of commercial real estate properties.

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ICSC 2018 Booth Highlights — CBRE

CBRE
#C1024

As the No. 1 real estate advisory and transaction services firm in the world, CBRE has the reach and capability to serve retailers, restaurateurs, investors, owners, and developers across all retail environments. We operate at the intersection of data and the consumer experience, where information and analytics come together to reveal market trends and where a deep understanding of consumer behavior informs the physical experience. We call it Retail Science. At CBRE, we are passionate retail experts and our mission is to build advantage for every client we serve. Visit our booth C1024 during the 2018 RECon Las Vegas Deal Making conference and let us help you build a future-proofed plan for success in today’s experience economy.

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ICSC 2018 Booth Highlights — Inland

Inland
#C1027

The Inland Real Estate Group of Companies, based in Oak Brook, Ill., sponsors more than 720 investment programs, serves more than 490,000 investors, and is one of the nation’s largest commercial real estate and finance groups, representing 50 years of expertise and integrity in the industry. Since its founding, Inland has purchased more than $45 billion in commercial real estate across 49 states and continues to be a business incubator, specializing in creating, developing, and supporting member companies that provide real estate-related investment funds, including limited partnerships, institutional funds and nonlisted and listed REITs, and real estate services for both third parties and Inland member companies.

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ICSC 2018 Booth Highlights — National Realty & Development Co.

National Realty & Development Corp.
#C117G

At National Realty & Development Corp., we know the importance of establishing and maintaining the right merchandising mix to maximize sales for our tenants and provide the best shopping experience to our communities. For more than 50 years, NRDC has been creating top quality shopping centers, office/industrial parks, and residential communities throughout the Northeast. Visit our leasing team at booth 117 G Street, Central Hall, to learn more about our newest development — The Shoppes at Middletown — and other exciting opportunities within our portfolio.  Call 1-800-932-RENT (7368) or visit www.nrdc.com.

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ICSC 2018 Booth Highlights — Lake Nona Town Center

Lake Nona Town Center
#C1124

Orlando’s Lake Nona Town Center is the most progressive mixed-use project under development in the country. Located adjacent to Orlando International Airport, the 100-acre centerpiece of the 17-sq.-mile Lake Nona community has established itself as a transformational development with a market-defining 3.8 million sq. ft. of retail, dining, and entertainment. Lake Nona Town Center developer Tavistock Development Company — together with its retail planning, leasing, and development services partner Steiner + Associates — is showcasing the Lake Nona Town Center model in Steiner + Associates’ booth #1124.

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ICSC 2018 Booth Highlights — Steiner + Associates

Steiner + Associates
#C1124

Columbus, Ohio-based Steiner + Associates is an internationally recognized real estate developer and master planner providing development, leasing, management, and advisory services. The company has designed, developed, and activated more than $2 billion of visionary and performing real estate comprising 9 million sq. ft. of retail, residential, and mixed-use spaces, places, and communities. Since its founding in 1993, Steiner + Associates projects have raised more than $15 million for local charities, not-for-profit organizations, and community engagement programs. Visit our booth at #1124 to learn more.

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ICSC 2018 Booth Highlights — New England Development

New England Development
#C1359

For more than 40 years, New England Development has taken a creative, entrepreneurial approach to real estate development and management — delivering and sustaining successful projects across a wide range of property types. These projects afford compelling opportunities for local and national businesses, generate long-term value to communities, and offer sought-after experiences to a wide range of consumers. With more than 50 million sq. ft. of retail, commercial, and residential space to its credit, NED is acclaimed for creating some of the country’s most successful regional centers. Mixed-use developments, outlet centers, high-end and streetfront retail, airport retail, and hospitality properties round out NED’s robust portfolio.

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ICSC 2018 Booth Highlights — Avison Young

Avison Young
#C152G

In an ever-changing retail environment, Avison Young’s specialists understand the unique challenges of your retail asset type. We provide a full range of leasing, management, consulting, and investment sales solutions to give our clients an edge over the competition. Our principal-led structure paves the path for a unique level of collaboration, offering owners, occupiers, investors, retailers, and developers expert retail perspectives from 82 offices across North America and Europe. Please visit us at booth #C152G to learn more about the Avison Young difference.

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ICSC 2018 Booth Highlights — Celebration Pointe

Celebration Pointe
#C152G (Avison Young)

Celebration Pointe is a uniquely experiential mixed-use development in Gainesville, Fla. At the center of it all is City Walk at Celebration Pointe, a mix of entertainment retail, dining, and shopping, in addition to a Hotel Indigo and Class A office space. Come join the experience with the opening of several iconic brands, including a state-of-the-art Regal RPX luxury theater. The movie theater is a prime attraction, offering unique viewing experiences found nowhere else in the area. Learn more at the TORG booth in North Hall #N3250Y.

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ICSC 2018 Booth Highlights — Irvine Co. Retail Properties

Irvine Co. Retail Properties
#C1548

Infusing enviable lifestyle into coastal California communities, Irvine Co. Retail Properties encompasses 41 open-air regional and community centers that play starring roles in their neighborhoods. With a mix of forward-thinking retail and services, these social destinations are tailored specifically to their demographic with so many Irvine Co. properties located in the most affluent and well-educated ZIP codes. Indoor-outdoor design and aesthetics emphasize casual sophistication through every breezeway and veranda lounge, evoking the coveted Irvine Co. lifestyle for current residents and the next generation.

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ICSC 2018 Booth Highlights — Butler Enterprises

Butler Enterprises
#C2012

What began as a small produce stand in 1939 became the largest retail development in north central Florida’s 14-county area with Gainesville at its core. Bordering I-75, The Neighborhoods of Butler Plaza, Butler North, and Butler Town Center boast more than 2 million sq. ft., span 267 acres in an under-retailed city growing at four times the national average, spurred by 11 state and nationally ranked hospitals, the University of Florida, and a strong business base. The Opportunity: Butler Town Center (opening spring 2018 through 2019) is anchored by an entertainment and restaurant hub with a chef-curated Food Hall. It boasts the region’s first Whole Foods, and new-to-market retail.

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ICSC 2018 Booth Highlights — American Assets

American Assets

Del Monte Shopping Center is a 675,678-sq.-ft., open-air regional shopping center located minutes from downtown and the Monterey airport. Opened in 1967, Del Monte Center has consistently been voted Best Shopping Center by the Monterey Peninsula community and features retailers such as Macy’s, Whole Foods Market, H&M, Apple, Pottery Barn, Williams-Sonoma, Banana Republic, Chico’s, Forever 21, Gap, Victoria’s Secret, and restaurants including California Pizza Kitchen, P.F. Chang’s China Bistro, and Islands Fine Burgers & Drinks, alongside locally owned specialty shops. Recent leasing additions include J. Jill, Lululemon Athletica, and Pandora. To discuss Del Monte Center, please contact Chris Sullivan at [email protected]

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ICSC 2018 Booth Highlights — Bialow Real Estate

Bialow Real Estate
#N1937T

When you need more than just a broker, Bialow Real Estate can become your real estate department, managing site selection, lease negotiation, and due diligence without additional overhead. We specialize in representing retailers, lifestyle brands, and restaurants with their overall expansion needs on a regional or national level. Our model offers the personalized service of a boutique firm backed by the strength and resources of a national real estate company through the Bialow Network. Having done more than a billion dollars in aggregate transactions, the Bialow team collectively has the experience and expertise to take your brand to the next level.

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ICSC 2018 Booth Highlights — RPAI

RPAI
#N2634W

Connect with The Best in Retail. From Every Angle.® in Las Vegas in the North Hall at booth N2634W, where you will meet with our high-class team to discuss available leasing opportunities within our diverse portfolio of quality assets. We are sure we can match your needs with the right retail center. When people look for the best in retail, they come to RPAI.

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ICSC 2018 Booth Highlights — PREIT

PREIT
#N2431W

With quality malls in compelling markets, PREIT continues to evolve the shopping experience — incorporating unique entertainment destinations, fresh dining options, and new and differentiated anchor offerings. With major projects underway in the Philadelphia and Washington, D.C., markets, as well as in Grand Rapids, Mich., now is the time to see how your brand can join these top retail destinations. Visit the PREIT booth at N2431W during ICSC Las Vegas RECon and learn about these transformative redevelopment projects throughout our dynamic portfolio.

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ICSC 2018 Booth Highlights — CBL Properties

CBL Properties
#N2702W

Recognizing that today’s consumer has numerous options, CBL is adapting its tenant mix to meet the demands of changing preferences and offer a wide array of experiences. Whether through transformational anchor redevelopments, turnkey solutions for e-tailers looking to expand into the physical channel, or investments in new technology – CBL is constantly pursuing opportunities to enhance its core assets and enhance the customer experience. Join us and visit a CBL representative at ICSC RECon in the North Hall, booth N2702.

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ICSC 2018 Booth Highlights — Trademark Property Co.

Trademark Property Co.
#N2921X

As a regional market leader in mixed-use evolution, Trademark’s impressive Texas-dominant portfolio focuses on differentiated experiences and enhanced guest services. Over the past 26 years, we’ve partnered with our stakeholders to build community-focused, award-winning retail and mixed-use projects. Visit our booth to learn about our growing portfolio and opportunities to innovate and achieve success in an evolving market.

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ICSC 2018 Booth Highlights — Bluhawk

Bluhawk
#N3250Y (TORG)

In Johnson County, Kansas’ wealthiest, we are creating a place where active minds and energetic bodies will thrive. Bluhawk will be Overland Park’s next generation destination. Centered around shopping, dining, and youth athletics, Bluhawk will be brought to life with unique attractions bringing in millions of visitors annually from throughout the region. Your brand will become an important part of the experience for those utilizing the multisport athletic center, attending events at the civic center/arena, and learning at the Smithsonian-affiliated Cosmosphere Innovation Space. Stop by and learn how you can be part of this unique experience.

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ICSC 2018 Booth Highlights — Celebration Pointe

Celebration Pointe
#N3250Y (TORG)

Celebration Pointe is a uniquely experiential mixed-use development in Gainesville, Fla. At the center of it all is City Walk at Celebration Pointe, a mix of entertainment retail, dining, and shopping, in addition to a Hotel Indigo and Class A office space. Come join the experience with the opening of several iconic brands, including a state-of-the-art Regal RPX luxury theater. The movie theater is a prime attraction, offering unique viewing experiences found nowhere else in the area. Learn more at the Avison Young booth in Central Hall #C152G.

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ICSC 2018 Booth Highlights — The Outlet Resource Group

The Outlet Resource Group
#N3250Y

Using a mix of resources and expertise, TORG works with its clients to market and lease existing properties and help shape new properties to create innovative retail destinations. TORG’s executive team has the experience and connections to attract top brands to traditional outlet centers and innovative mixed-use developments. From the conception and creation of brand experiences that take the consumer beyond the realm of traditional retail to the implementation of sales- and traffic-building campaigns, assets under TORG’s guidance resonate with retailers and consumers alike.

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ICSC 2018 Booth Highlights — DLC Management Corp.

DLC Management
#S2235

At this year’s RECon show in Las Vegas, meet with a team of real estate professionals dedicated to innovative solutions, continuous improvement, and successful outcomes for everyone involved. With a portfolio of more than 19 million sq. ft. of attractive retail space in 24 states, DLC Management Corp. has proven to be one of the premier owner/operators of shopping centers in the country. Visit booth #S2235 to learn about all the exciting opportunities we have in store.

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ICSC 2018 Booth Highlights — Phillips Edison & Co.

Phillips Edison & Co.
#S233Q

Phillips Edison & Co. is one of the nation’s largest owners and operators of market-leading, grocery-anchored shopping centers. The company owns and manages a diversified portfolio of more than 340 centers. Our leasing team has a variety of spaces to suit any retailer’s taste. Working together to find the right deal, we take pride in cultivating long-term relationships with our retailers. Visit us at booth S233 Q Street in the South Hall. Tired feet? Pick up a pair of our signature flip-flops.

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ICSC 2018 Booth Highlights — Phillips Edison Retail Intel

Phillips Edison Retail Intel
#S233Q

While passing our booth, stop and sign up to become part of Phillips Edison’s Retail Intel series, where you can weigh in on industry topics or listen to one of our new podcasts. Our primary acquisition focus is grocery-anchored, necessity-based neighborhood and community shopping centers. We have a nationwide portfolio of more than 340 properties and we’re in the market for more! Visit us at booth S233 Q Street in the South Hall to speak to our acquisition team.

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ICSC 2018 Booth Highlights — Mid-America Real Estate Group

Mid-America Real Estate Group
#S266Q, kiosk #2

Mid-America Real Estate Group, headquartered in Oakbrook Terrace, Ill., is the leading full-service retail real estate organization in the Midwest specializing in third-party asset management, project leasing, tenant representation, shopping center investment sales, net lease investment sales, construction management, and more. The ChainLinks affiliate also has offices in Chicago, Detroit, Milwaukee, and Minneapolis. For more information, call (630) 954-7300 or visit www.midamericagrp.com.

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ICSC 2018 Booth Highlights — X Team Retail Advisors

X Team Retail Advisors
#S276R

X Team Retail Advisors is an integrated platform of retail real estate specialists that offers coverage in major markets across the United States and Canada. X Team partners average more than 20 years of industry experience specializing in tenant, property and developer/landlord representation, property dispositions and retail investments. X Team serves as a resource for its partners through leveraging relationships and industry insights, while providing clients with a unique combination of national scope and local market knowledge.

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ICSC 2018 Booth Highlights — Cullinan Properties, Ltd.

Cullinan Properties
#S341Q

For more than 30 years, Cullinan Properties has been a leading provider of real estate services specializing in commercial and mixed-use developments and acquisitions. We have many exciting opportunities within our growing portfolio, including new mixed-use developments in Lincoln, Neb., (Salt Creek Commons) and southwest suburban Chicago (Rock Run Crossings). Other dynamic projects include Burleson Commons in metro Fort Worth, Streets of St. Charles in metro St. Louis, and Grand Prairie Developments and The Levee District in metro Peoria, Ill. Stop by our booth S341 Q Street or visit CullinanProperties.com.

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Staten Island Ferris Wheel may be back on track

BY Al Urbanski

Millions of passengers disembark each year at the Staten Island Ferry terminal in New York’s least populous borough, but developers of a new outlet center set to open there this fall originally planned that a 630-ft.-high observation wheel would beckon customers from afar. That was until cost overruns and disputes among investors put the brakes on the New York Wheel.

Now it looks like the Wheel may turn, after all. According to a report in the Daily Freeman, New York Wheel LLC has reached an agreement with contractor Mammoet-Starneth to resolve some of their legal issues. The agreement gives New York Wheel until September to restart the project or cancel it.

Joseph Ferrara, whose Staten Island-based BFC partners is behind the 100-store Empire Outlets nearing completion in the borough’s St. George neighborhood, envisioned the wheel as a giant, neon billboard for his project.

“The Wheel will be the world’s largest LED canvas, and every night it will put on an orchestrated light show,” Ferrara told Chain Store Age last year.

Inspired by the 443-ft.-tall London Eye, which has become a landmark for that city, New York Wheel LLC set out to place the world’s biggest observation wheel in Staten Island. It has since been topped by the 689-foot Dubai Eye, now under construction in the United Arab Emirates.

Should the New York Wheel be completed, then, it will no longer be the largest light show, but at least Ferrara and BFC have hopes the show will go on.

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