Apr 11, 2019 Milwaukee issues condemnation order at former Northridge Mall. Demolition could help spur redevelopment. An order from the Department of. Apr 20, 2018 Two 90 metre residential towers will change the city’s skyline, according to new plans for the iconic Store site in Newcastle West. Doma Group has won the contract for the $200 million redevelopment of the land, next to the Newcastle Interchange train station at Wickham, the state government announced on Friday.
A $5 million redevelopment project kicked off this week at the 217,000-square-foot Promenade at Tuskawilla shopping center, located at the intersection of Red Bug Lake and Tuskawilla roads, just south of Winter Springs.
Owner Tuskawilla Park SC, Ltd. is investing in the comprehensive interior and exterior renovation of a former Kmart store to create retail bays for signed tenants Bealls Outlet (21,840 square feet), HomeGoods (20,160 square feet) and Ulta beauty supply (10,506 square
feet).
feet).
Redevelopment of the Kmart space will also include six smaller retail spaces averaging 1,225 square feet, according to Steven Levin, president of Boca Raton, Fla.-based Southern Management and Development (SMD), the center’s leasing and management company. Levin expects the new stores to open this fall, and he noted that the remainder of the shopping center is 100 percent leased. Existing tenants include anchor Hobby Lobby (63,000 square feet) as well as Chick fil A, which is expanding its space by 1,000 square feet.
A full-service realty and development firm, SMD focuses on adding value too properties in the retail and multifamily sectors throughout Florida, Kentucky and Tennessee. In Central Florida, SMD leases and manages a total of 600,000 square feet in five retail centers. Founded in 1972, the company manages 1,202 rental apartments, plus a 3-million-square-foot retail portfolio and 200,000 square feet of office
space.
space.
![Grocery Grocery](https://www.mylethbridgenow.com/wp-content/uploads/2019/11/Own-Downtown-YQL.jpg)
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Industry News, NA, Retail
Developers announced big plans for the site surrounding the St. Paul Sears store near the State Capitol. Sears’ redevelopment plans call for new retail, an office building and residential space.
According to Finance & Commerce, the redevelopment of the 14-acre site on Rice Street will include the following:
- An additional 111,700 square feet of retail space in four separate buildings attached to the south side of the existing Sears building;
- 121 apartments and 18 townhomes in the northwest corner of the property;
- A four-story, 112,000-square-foot office building;
- A 586-space parking ramp.
![Redevelopment Of A Store At 11 Redevelopment Of A Store At 11](/uploads/1/2/5/8/125839493/684510108.jpg)
The project will be built in three phases, with retail space built in the initial phase, followed by the office property and parking garage. The site, now home to 700 parking spaces, is located south of the Central Corridor Light Rail Transit line, which is considered to be a catalyst for new development in the area, Cecile Bedor, city planning and economic development director, told the Pioneer Press.
The plan will go before the state’s Capitol Area Architectural and Planning Board for design concept approval on Jan. 16, the Twin Cities publication reported.
In other interesting news, Nordstrom Inc. announced plans to open a full-line store at Ridgedale Center in Minnetonka. The new store will be approximately 138,000 square feet and is scheduled to open in fall 2015. This will be the second full-line store in the Twin Cities for the Seattle-based retailer.
Image rendering of the Sears redevelopment project courtesy of the city of St. Paul, via Pioneer Press.
For more market data on Minneapolis, please click here.