We continually improve our retail centers by adding the stores customers want to shop and creating an environment where they prefer to stay.
See how we strengthened retail in these communities.
- 2011 full-scale commercial real estate redevelopment of a suburban in-fill neighborhood center, including the interior and exterior renovation of a 44,376-square-foot Ralphs grocery store and a 21,360-square-foot CVS/pharmacy
- Repositioned the shopping center to enhance retail options for the Asian consumer, which had grown from 8% to over 45% of the population over the center's 30-year life, adding new-to-the-market retailers Mitsuwa Marketplace, a Japanese grocer, and variety store Daiso Japan
- Increased occupancy to 98%
- Utilized consumer focus groups to tailor the merchandising and architectural style, adding requested outdoor seating, sidewalk eating areas and stone exterior facade
- Completed shopping center redevelopment while keeping all tenants open for business
- Added sustainability features including drought-resistant landscaping, addition of more than 200 trees consistent with the region's natural vegetation, a smart irrigation system that automatically monitors and adjusts to climate data and LED parking lot lighting
Mariano's Fresh Market, Toys"R"Us/Babies"R"Us
- Located in the upscale Roscoe Village neighborhood of the City of Chicago with over 650,000 residents within three miles
- 2011 full-scale redevelopment of a dark Dominick's-anchored property into a vibrant center anchored by Toys"R"Us/Babies"R"Us and the first Mariano's Fresh Market within the City of Chicago
- Worked closely with area neighborhoods and city government to garner unanimous design approvals and entitlements
- Completed redevelopment within 12 months while keeping all shop tenants open for business
- Increased occupancy from 58% to 90% with leases currently being negotiated to bring occupancy above 95%
- Awarded LEED Silver by the U.S. Green Building Council for sustainable design
- Chasewood Plaza
Improving the general layout by converting units into more traditional bays as well as creating additional parking spaces to improve the traffic flow. Two freestanding street-front retail buildings totaling 8,200 SF will be constructed, which will improve the overall tenant mix.
- Culpeper Colonnade
Addition of first-class national fast-casual operator, Panera Bread and an addition of a 35,000 SF Dick’s Sporting Goods to the center, between Target and Martin’s.
- The Shops at Stonewall
Addition of a new 3 tenant building, which will include Jersey Mike’s sub shop and Moe’s Southwest Grill.
- Village at Lee Airpark
Construction of a new 11,808 s.f. free-standing multi-tenant building.
- Village Center
Expanding Publix with new ground-up store format, relocation of Walgreens as an outparcel and center façade/landscaping improvements.
- Colonial Square
Façade renovation of our three existing retail shop buildings and the Lund's building. Renovation includes new hardscape and brick pavers, coffered walkway canopy, store front, architectural roof, cupolas, enhanced sign band, and new tenant signage. Site improvements include creating new landscape areas, re-landscaping existing areas, constructing new trash enclosures and repaving the parking lot.
- Woodway Collection
Demolition of the former Randalls building, construction of a 45,000 SF Whole Foods building, construction of 4,000 SF of new shop space and improvements to the parking lot and landscaping.
- Balboa Mesa Shopping Center
San Diego, CA
Full-scale commercial real estate redevelopment of a suburban in-fill neighborhood center, including a new and efficient parking lot enhanced with new landscape and LED parking lot lighting. Also refreshing the existing retail shops with a new color palette and additional four shop buildings reflecting an incremental 17,800 square feet of new GLA.
- Greenway Town Center
Replacing existing grocer with Whole Foods and upgrading the façade, parking lot, and landscaping.