Thursday, April 23, 2026
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CaliforniaRestaurantRetailWestern

Four New Restaurants to Join Beverly Center as Part of $500M Renovation

by Nellie Day

LOS ANGELES — Taubman Centers, Inc. has named four new restaurants that will join Beverly Center’s culinary lineup as part of the shopping and dining destination’s $500 million redevelopment. The restaurants — Cal Mare, Eggslut, Farmhouse and Yardbird — will be located on Level 1. All are expected to open by the end of 2018. A brand new 8,200-square-foot concept from James Beard Award-winning, Michelin-starred Chef Michael Mina, Cal Mare is a celebration of coastal Italian cuisine with Mediterranean and Californian influences. Farmhouse celebrates California’s bounty from local farms, markets, dairies and purveyors, situated within a new informal dining experience in a 7,000-square-foot space. Yardbird will be a 6,000-square-foot homage to farm-fresh ingredients, classic Southern cooking, culture and hospitality, helmed by award-winning restaurateur John Kunkel. Eggslut is a gourmet food concept founded in 2011 as a food truck. Every store is open throughout the renovation that is scheduled to be completed by holiday 2018. Beverly Center has more than 100 distinctive stores, including Burberry, Dolce & Gabbana, Fendi, Gucci, Louis Vuitton, Prada, Saint Laurent and Salvatore Ferragamo. The center is anchored by Bloomingdale’s and Macy’s. Taubman Centers is engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers …

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IllinoisMidwestRetail

Missner Group Completes Phase I Renovation for Toyota in Northbrook, Illinois

by Kristin Harlow

NORTHBROOK, ILL. — The Missner Group has completed the first phase of renovations at Northbrook Toyota, located about 25 miles north of Chicago. The building is situated at 1550 Frontage Road. The first phase of the project included a renovation to the 25,500-square-foot service area. The Missner Group remodeled the entire building by adding new electrical, mechanical and plumbing systems. Additionally, the Missner Group installed new HVAC systems, a new air filtration system and compressor system designed to generate power for the dealership. Improvements also included the addition of a new car delivery area, an oil containment room, expanded service lanes, remodeled service bays and new bathrooms and offices. Phase II at Northbrook Toyota will include the demolition of an existing building and the construction of a new building, which will serve as a showroom for the dealership. Additional improvements to be completed in this phase include landscaping, site work and the installation of an underground storm trap system. Heath Yarger and Angelo Christopher of the Missner Group comprised the project team for the first phase, while Ron Cinkus will oversee Phase II of the project. Eckenhoff Saunders Architects provided architectural services.

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IllinoisMidwestRestaurantRetail

Maillard Tavern to Open in Chicago This Summer

by Kristin Harlow

CHICAGO — Maillard Tavern has signed a 1,600-square-foot lease to open a restaurant in Chicago. The burger restaurant, which will also offer ice cream and cocktails, will occupy the space at the southern apex of the Milwaukee Avenue and Halsted Street intersection. The restaurant is slated to open late this summer and will be the third operation for Tony Priolo and Ciro Longobardo. The duo opened their second venture, Nonnina, in 2012 in River North. Danny Spitz, Greg Dietz and Jacqueline Brito of Baum Realty Group LLC brokered the lease transaction on behalf of the landlord, the owners of the adjacent Piccolo Sogno building.

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New YorkNortheastRestaurantRetail

Quality Eats Opens New Location in NYC

by Haisten Willis

NEW YORK CITY — SCG Retail, a division of The Shopping Center Group, has arranged the lease of a new location for Quality Eats at 3 E. 28th St. in Manhattan. Quality Eats is a steakhouse concept owned by Quality Branded Restaurants. The 5,000-square-foot location is expected to open late this year. Allan Stillman and Michael Stillman founded Quality Branded Restaurants, formerly known as Fourth Wall Restaurant Group, in 2007. The first location for Quality Eats opened more than a year ago in Greenwich Village. The restaurant recently signed a lease for a second Manhattan location on the Upper East Side at 1496 Second Ave. Brandon Berger and Jackie Totolo of RKF represented the landlord, Winter Properties, while Taryn Brandes of SCG Retail represented the tenant in the transaction.

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E-Commerce as Share of Core Retail Sales
FeaturesRetailTop Stories

Core Retail Sales Are at All-Time High Despite Industry Shakeout, Says Nadji at RECon

by Jeff Shaw

LAS VEGAS — The roof isn’t about to cave in on the retail industry despite a rash of store closures and bankruptcies. Far from it, insists Hessam Nadji, president and CEO of Marcus & Millichap. Core retail sales, which exclude auto and gasoline sales, have risen 28 percent from the peak of 2008 on a nominal basis and 12 percent when adjusted for inflation, according to combined data from the Bureau of Labor Statistics, the U.S. Census Bureau and Marcus & Millichap. Unlike the period leading up to the Great Recession, when unsustainable consumer spending was fed by temporary factors such as overleveraging and homeowners using positive equity in their homes as ATMs to fund unaffordable lifestyles, those behaviors have largely been squelched in this recovery, Nadji points out. “We have not overleveraged. We have not stretched the consumer,” Nadji told a crowd of several hundred retail real estate professionals gathered at the Renaissance Las Vegas Hotel last Monday, May 22, to hear his presentation followed by a panel discussion on the state of the industry moderated by Bill Rose, director of the national retail group at Marcus & Millichap. The hour-long program was part of RECon, the annual dealmaking …

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NevadaRestaurantRetailWestern

Subway Debuts New Restaurant Design at ICSC RECon

by Nellie Day

LAS VEGAS — Subway debuted its new Subway Fresh Forward design at the International Council of Shopping Centers (ICSC) RECon show in Las Vegas last week. Along with a new Subway logo, flooring, wall coverings, wall art, a curated music program and lighting, the operational flow of the restaurants is changing as well. The workspace will be updated to be more efficient, while additional pieces of equipment, like an exhaust ventilation system, will help maintain temperatures and improve air quality. Subway franchisees have already piloted the new Subway Fresh Forward design in six locations (Knoxville, Tenn.; Orlando, Fla.; Chula Vista, Calif.; Tamarac, Fla.; Vancouver, Wash.; and Manchester, England). In addition, about 50 locations are in various stages of construction around the world and more than 100 restaurants are in the design phase.

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Mixed-UseRetailTexas

Vista Breaks Ground on Final Phase of Development at Retail Center in Katy

by Taylor Williams

KATY, TEXAS— Vista Equities Group has broken ground on the final phase of development of LaCenterra at Cinco Ranch, a 34-acre, mixed-use development in Katy. Expected to be complete in early 2018, the final phase will add a 37,000-square-foot Alamo Drafthouse Cinema, a five-story parking garage and an additional 7,500 square feet of retail space to the 360,000-square-foot development.

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MichiganMidwestRetail

NAI Wisinski Negotiates 1,526 SF Retail Lease for Beauty Bar in Grand Rapids, Michigan

by Kristin Harlow

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has negotiated a 1,526-square-foot retail lease for Urban You Beauty Bar in Grand Rapids. The property is located at 3152 Peregrine Drive. Urban You is a beauty bar that offers hair styling, makeup application, nail design, brows, lashes and medical spa services. The company will use this space as a pop-up shop until its other locations are completed in East Grand Rapids, Knapps Corner and Holland.

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AlabamaMarket ReportsRetailSoutheastSoutheast Market Reports

Retail Activity Leads the Way in Birmingham’s Revitalization

by John Nelson

The Birmingham retail market had an explosive 2016. Several large projects were announced or completed, while traditional indicators of market health also showed promising signs of growth. TopGolf will soon be coming to the Uptown District, while Regions Field, home of the Birmingham Barons minor league baseball team, continues to attract surrounding development. Breweries remain a mainstay in Birmingham’s social scene, and they have demonstrated a capability to revive entire neighborhoods. As the natural beauty of Alabama becomes more important to residents and newcomers, the Red Rock Trail System’s green space bicycle system, which encompasses over 200 miles of green space trails and over 600 miles of street-based paths connecting all corners of the Birmingham area, will continue to grow in importance and recognition. By the fourth quarter of 2016, retail vacancy had decreased to 5.4 percent, down from 6.1 percent at the beginning of 2016, while market rents for major submarkets held steady around $12.37 per square foot. Downtown Birmingham, which hasn’t been viewed as a major retail area for decades, is the site of resurgent interest and accompanying capital. Some of the revitalization is occurring due to a renewed interest in public greenspaces, such as the recently developed …

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