Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
now more than a decade old, according to Anton Korotaev, Jones Lang LaSalle's head of retail consulting in Russia and the Commonwealth of Independent States. But because the earlier centers were built mostly in heavily developed areas where land is now at a premium, expansion could be a problem, Korotaev says. "Successful malls are looking for ways to get new retailers, anchors and brands," he said. Four of Ikea's Mega-branded malls (called Shopping Centres Russia there) are being reconfigured with new ground-level spaces for the accommodation of Media Markt as a new tenant at each one. In Kaluga, about 90 miles southwest of Moscow, new owners are doubling the San Mart shopping center to 950,000 square feet, at a cost of $36 million, and renaming it Torgoviy Kvartal. Ivanhoe Capital is expanding its Porto Velho shopping center, in Brazil's upper Amazon River basin, add- This year Kimco will begin a $17 million redevelopmenT of wilde laKe village cenTer, in columbia, md. ing 147,000 square feet to the existing 322,000 square feet. Space will be divided among seven additional department stores, a new food court and new parking spaces. The extension is slated to open by November. In South Africa The Liberty Group unveiled plans to invest about $40 million in its 30-year-old Greenacres Shopping Cen- tre to build a restaurant area with outdoor dining and a bank of new fashion shops. The expected completion time for that is late 2014. And near Glasgow, Scotland, a $256 million expansion is planned for Braehead Shopping Centre. The project includes new department store and restaurant space, a hotel and an arena for ice-skating Istanbul, Turkey Concept Image by Broadway Malyan CU RRENT PROJECTS 8500 Burton Way Los Angeles, California 160 The District at Green Valley Ranch Henderson, Nevada SC T / M a y 2 0 1 3 Station Park Farmington, Utah GT Plaza Guangzhou, China WE CREATE GARDENS PEOPLE LOVE. SM w w w. l i f e s c a p e s i n t l . c o m