• Steiner + Associates is handling retail planning, leasing and development services for the 100-acre Lake Nona Town Center in Orlando, Fla. Developed by Tavistock Development, the center will include the 11-square-mile, master-designed Lake Nona community and the Greater Orlando region, featuring more than 3.8 million square feet at build-out. Initial phases of Lake Nona Town Center will feature a thoughtful collection of more than 1 million square feet of retail, restaurant, entertainment, office and hospitality uses. Lake Nona, adjacent to the Orlando International Airport, is one of the top 10 fastest-growing communities in the U.S., with some $3 billion of construction in the past eight years, across 7.1 million square feet of residential and commercial facilities. “Lake Nona Town Center will be unlike any other mixed-use project in the country,” said Yaromir Steiner, founder and CEO of Steiner + Associates.
• Kimco Realty broke ground on its 450,000-square-foot Grand Parkway Marketplace project in Spring, Texas, near the new ExxonMobil corporate campus. Target will be the main anchor with 126,000 square feet, and eight junior anchors will complete the rest of the project when it opens in March 2017.
• WP Glimcher announced the first wave of retail and dining options slated to open this fall at its new development in the Houston suburb of Cypress, Texas: Fairfield Town Center. The 600,000-square-foot, open-air center will include AT&T, GNC, Marshalls/Homegoods, Old Navy, Party City and The Mattress Firm, among others. Quick-service restaurant tenants will include Chipotle, Jimmy John’s, Pei Wei and Zoe’s Kitchen. The center has an 11,000-acre master-planned community currently under construction just across the highway, which will ultimately hold 20,000 new homes and house 65,000 residents.
• JLL Retail has kicked off the $150 million redevelopment of Manhattan Village Shopping Center, located in Manhattan Beach, Calif. Situated in one of the nation’s wealthiest ZIP codes, Manhattan Village is a 44-acre, 573,000-square-foot mixed-use center that serves Los Angeles County’s affluent South Bay cities and the Silicon Beach tech-startup communities. The redevelopment launches with the immediate updating and remerchandising of the center’s interior mall. Key tenants such as Apple, Pottery Barn, Sephora, Victoria’s Secret and Williams-Sonoma will remain at Manhattan Village. Affordable luxury-brand retailers, unique-to-the-market shops and signature restaurants will join later. “We’re excited to kick off this first phase of the redevelopment,” said Steve Yenser, executive vice president of JLL Retail. “With entitlements and approvals in place, we have a green light.”
• Ben Carter Enterprises is busy signing on tenants to The Broughton Street Collection, its $90 million investment in downtown Savannah, Ga. Bridal boutique Modern Trousseau; beauty-products-and-spa retailer Bluemercury; and The Impeccable Pig, a Dallas-based, family-owned women’s fashions-and-accessories store, have all opened stores at the shopping center. Among the additional retailers there are H&M, Kendra Scott, J.Crew and Lululemon. “With the recent store openings on Broughton Street, we’ve seen a definite uptick in foot traffic,” said Ben Carter Enterprises CEO Quito Anderson. “And we anticipate that the corridor will become even busier with the upcoming tourism season.”
