Retail

Opus Completes Construction of 110,000 SF Furniture Store in Suburban Minneapolis

by Kristin Harlow June 2, 2017

LAKEVILLE, MINN. — The Opus Group has completed construction of the newest Schneiderman’s Furniture store in Lakeville, a suburb of Minneapolis. Construction on the 110,000-square-foot retail store began in September 2016. A grand opening celebration took place in May. The furniture store features a second-story patio, which showcases outdoor furniture for sale. Located on Kenyon Avenue off Minnesota State Highway 50, the building is visible from I-35. Opus Design Build was the design-builder and Opus AE Group was the architect and structural engineer of record, as well as the interior designer for the project.

June 2, 2017

California Retail Western

AMC Theatres Complex in San Diego Trades for $36M

by Nellie Day June 1, 2017

SAN DIEGO — A joint venture between Citivest Commercial Investments LLC and Hutensky Capital Partners has acquired a freestanding AMC Theatres complex in San Diego for $36 million. The property is located within Palm Promenade Shopping Center, which is home to tenants including Walmart, The Home Depot and Vons. The acquisition also included available development rights. Plans for additional development have yet to be announced.

June 1, 2017

Hospitality Mixed-Use Northeast Office Pennsylvania Restaurant Retail

Zoning Approved for Mixed-Use Development in Metro Philadelphia

by Haisten Willis June 1, 2017

CONSHOHOCKEN, PA. — Keystone Property Group has received zoning approvals for the development of SORA West a transit-oriented mixed-use development in the Philadelphia suburb of Conshohocken. Upon completion, SORA West will include a central plaza surrounded by a 250,000-square-foot office building, retail and dining space, a 171-key hotel, the existing Conshohocken Firehouse and a 950-space parking structure. The project will be located adjacent to the Conshohocken SEPTA train station, near Route 76 and Route 476. Keystone is now in the process of finalizing the plans and pursuing land development approvals. In addition to office, retail, hotel and community uses, the developer is assessing the viability of adding a residential component to the property. Keystone is headquartered in SORA East, which is located one block away from SORA West.

June 1, 2017

Massachusetts Mixed-Use Northeast Office Retail

OMA to Design Mixed-Use Project in Boston’s Seaport District

by Haisten Willis June 1, 2017

BOSTON — WS Development has hired architecture firm OMA to design a mixed-use project located at 88 Seaport Blvd. in Boston. The project, located in Boston’s Seaport District, is OMA’s first commission in the city of Boston. OMA’s Shohei Shigematsu will lead the design efforts at 88 Seaport, which upon completion will include nearly 425,000 square feet of office space, 60,000 square feet of retail on the first two floors and 5,000 square feet of civic/cultural use. Construction is slated to begin in 2018 and finish in 2020.

June 1, 2017

Retail Texas

Davidson Bogel Closes Sale of Pad Sites for Burger King, Popeye’s in Corinth, Texas

by Taylor Williams June 1, 2017

CORINTH, TEXAS — Davidson Bogel Real Estate has negotiated the sale of two pad sites located at the intersection of Interstate 35 and Swisher Road in the north Texas city of Corinth that will be developed into Burger King and Popeye’s locations. David Davidson Jr. and Edward Bogel of Davidson Bogel represented the seller, Provident Realty Advisors, in the transaction.

June 1, 2017

Kansas Market Reports Midwest Midwest Market Reports Retail

A Growing Number of National Retailers Have Wichita on Their Radar Screen

by Kristin Harlow June 1, 2017

The pace of retail construction remains brisk in Wichita with national retailers showing an increased interest in the market. In the first quarter, developers started construction on nine buildings totaling 112,961 square feet, reports brokerage firm NAI Martens. Completions during the first quarter totaled 117,300 square feet. Notable store openings included Sprouts Farmers Market at Central Avenue and Rock Road; Save-A-Lot grocery store at 1640 S. Broadway; Cavender’s western wear store in Greenwich Place at K-96 and Greenwich Road; Andy’s Frozen Custard at NewMarket Square along 21st Street; and a freestanding Starbucks at Wichita State University on the school’s innovation campus. In short, developers in Wichita appear to be making up for lost time. As a result of the Great Recession, the local economy shed 30,000 jobs between 2009 and 2011, many of them related to the aviation industry, according to the Wichita Metro Chamber of Commerce. Commercial real estate activity ground to a halt at that point. “Between 2008 and 2012 and maybe into 2014, we just didn’t have much development at all. There were some plans on the drawing boards, but nothing really reached fruition,” recalls Thomas Johnson, president of NAI Martens. But consumer confidence gradually began to …

June 1, 2017

California Restaurant Retail Western

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

by Nellie Day May 31, 2017

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 …

May 31, 2017

Illinois Midwest Retail

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

by Kristin Harlow May 31, 2017

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.

May 31, 2017

Illinois Midwest Restaurant Retail

Maillard Tavern to Open in Chicago This Summer

by Kristin Harlow May 31, 2017

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.

May 31, 2017

New York Northeast Restaurant Retail

Quality Eats Opens New Location in NYC

by Haisten Willis May 31, 2017

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.

May 31, 2017

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