Shopping Center Business

MAY 2017

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

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DEVELOPMENT NEWS 58 • SHOPPING CENTER BUSINESS • May 2017 CHICAGO, ILLINOIS RICKETTS FAMILY TO OPEN PARK AT WRIGLEY DEVELOPMENT IN CHICAGO The Park at Wrigley has opened in Chica- go. Hickory Street Capital, a real estate development company owned by the Ricketts family, designed and built the Park at Wrigley as well as the office and retail building adjacent to Wrigley Field to provide a year-round, family-friendly gathering place for neighbors, Cubs fans and visitors. Slated as Wrigleyville's true town square, the area will play host to community festivals, farmers markets, music and dining throughout the year. Several retail tenants will anchor the Park at Wrigley development, including a Star- bucks Coffee store with a Reserve coffee bar, a two-story tavern-style restaurant, a new flagship Cubs Store, a Jostens retail jewelry concept and a viewing area pre- sented by Motorola for the Chicago Cubs' 2016 World Championship Trophy. The Ricketts family owns the Chicago Cubs. NEW BRUNSWICK, NEW JERSEY CONSTRUCTION SET TO BEGIN ON THE HUB @ NEW BRUNSWICK STATION IN NEW JERSEY New Brunswick Development Corp. (Devco) has begun site preparation on the Ferren Mall Parking Deck for The Hub @ New Brunswick Station in New Brunswick. Devco expects site construc- tion of the 1.7 million-square-foot mixed- use redevelopment project to begin in April. JLL is Devco's marketing agent for The Hub, which will be located on four acres in downtown New Brunswick directly across from the New Brunswick train station. When completed, The Hub @ New Brunswick Station will encompass multiple buildings with a flexible design to meet office or lab requirements includ- ing technology, office or research use. The development is slated to include high-rise residential units and retail at street level. THE COLONY, TEXAS BERKSHIRE HATHAWAY AFFILIATE BREAKS GROUND ON 100-ACRE LIFESTYLE CENTER IN THE COLONY, TEXAS Nebraska Furniture Mart, a division of Berkshire Hathaway, has broken ground on a 100-acre lifestyle retail center that is part of Grandscape, a 433-acre, mixed- use development located along the Sam Rayburn Tollway in the Dallas-Fort Worth metro of The Colony. Upon completion, Grandscape will span 3.9 million square feet of retail, multifamily and hospitali- ty space, with an outdoor amphitheater and a convention center. Two restau- rants, Thirsty Lion Gastropub and Twigs Bistro & Martini Bar, have committed to locations at the property, with openings scheduled for 2018 and 2019, respectively. RETAIL DEVELOPMENT LAND FOR SALE SCOTTSDALE ROAD & LOOP 101 CALL TO MEET US AND DISCUSS AT ICSC RECON BOOTH C1339 ® 602 954 9000 cushmanwakefield.com ® M O S E R | M A L L O N E E S U T T O N | G R I F F I T H

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