Shopping Center Business

SEP 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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DEVELOPMENT NEWS 34 • SHOPPING CENTER BUSINESS • September 2018 COLUMBUS, OHIO DEVELOPERS SIGN NINE NEW TENANTS TO $225 MILLION EASTON TOWN CENTER IN OHIO Steiner + Associates, L Brands and Georgetown Co., co-developers of Easton Town Center in Columbus, have signed nine new tenants to the $225 million center. The new retailers will occupy a combined 40,000 square feet. Seabolt & Co. and Marine Layer are already open at the development. Koko Tea Salon & Bakery will open at the center this summer. This fall, Scout & Molly's Boutique, Indochino, Red Giraffe Designs, Lovesac, The Blowout Bar and Legloland Discovery Center Columbus will open locations at the project. The new stores are first-to-market locations for Marine Layer, Indochino and Legoland. Easton Town Center is located at the center of Easton, a 1,300-acre mixed- use development that houses more than 200 retailers, restaurant and entertainment venues. RILATO, CALIFORNIA LEWIS RETAIL CENTERS OPENS FIRST PORTION OF 430,000-SQUARE-FOOT RENAISSANCE MARKETPLACE IN CALIFORNIA Lewis Retail Centers has opened the first portion of Renaissance Market- place, a 430,000-square-foot shop- ping, dining and entertainment center located in Rialto. Cinemark Theatres, a 38,000-square-foot 24 Hour Fitness and a Burlington anchor the center. Additional signed tenants include The Habit, California Fish Grill, Ahi Poke Bowl, Pho '77, Panera Bread, Septem- bers Taproom & Grill, Five Below, Ross Dress for Less and Grocery Out- let. Six tenants are currently open at the center, and an additional 26 tenants are scheduled to open this month . CORAL GABLES, FLORIDA NP INTERNATIONAL TO BUILD 1.3 MILLION-SQUARE-FOOT MIXED-USE PROJECT NEAR MIAMI NP International (NPI) has selecte d Balfour Beatty to construct the 1.3 million-square-foot Gables Station mixed-use development in Coral Ga- bles, a suburb of Miami. Comprised of three towers, the development will feature retail space, residential units, a hotel and a 1,000-car parking garage. The project will be directly connected to the Underline Park, a 10-mile park and urban trail. The development's two apartment buildings will include a combined 450 units. Facing the Un- derline Park on the ground level, one of the residential buildings will fea- ture 19,000 square feet of retail space, while the second will include 18,000 square feet of retail space. The third building will be home to a hotel, which will house 68,000 square feet of retail space for lifestyle and wellness tenants. Early this year, NPI received a $158.4 million loan for the project and negoti- ated a lease for Life Time Fitness at the development, according to local media reports. The project is slated for com- pletion in 2020. Architect Jorge Her- nandez de signed the project in part- nership with Gensler. HEMPFIELD TOWNSHIP, PENNSYLVANIA CBL PROPERTIES TO DEVELOP CASINO, ENTERTAINMENT COMPLEX AT WESTMORELAND MALL IN PENNSYLVANIA CBL Properties, in partnership with Stadium Casino LLC, has unveiled plans to develop a 100,000-square- foot casino and entertainment com- plex at CBL's Westmoreland Mall in Hempfield Township. Stadium Casino LLC is a joint venture between The Cordish Cos. and Greenwood Gam- ing & Entertainment. The new casino will backfill space currently occupied by Bon-Ton, which will close in early August. The project, which is expected to create 600 jobs, is subject to the re- view and approval of the Pennsylvania Gaming Control Board. A construc- tion timeline will be released upon ap- proval. PLYMOUTH MEETING, PENNSYLVANIA PREIT SIGNS THREE TENANTS TO BACKFILL FORMER MACY'S AT PLYMOUTH MEETING MALL PREIT has inked leases with three new ten- ants at Plymouth Meeting Mall in suburban Philadelphia. Burlington, Dick's Sporting Goods and Edge Fitness will open loca- tions at the mall in spring 2019, backfilling the space formerly occupied by Macy's. PREIT is also negotiating leases with an arts and crafts purveyor and a craft brew- ery. Current tenants at Plymouth Meeting Mall include LEGOLAND Discovery Cen- ter, Dave & Buster's, Bath & Body Works, CycleBar, H&M, Whole Foods Market and AMC Theatre. Marine Layer's store at Easton Town Center is the retailer's first location in Ohio.

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