Shopping Centers Today

MAR 2017

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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M A R C H 2 0 1 7 / S C T 51 Alexander & Baldwin, Inc., broke ground on the Lau Hala Shops, a retail center that will turn a former Macy's store in Kailua, Hawaii, into a mix of community-focused restaurants, retailers, and services. Featured tenants will include organic and natural grocer Down to Earth; a new dining experience from Chef Roy Yamaguchi; a brew pub from Maui Brewing Company; and a Harley-Davidson apparel and accessories dealer. Both restaurants will feature indoor and outdoor seating. Construction is expected to be complete in late 2017. The first tenants are expected to open in early 2018. n Miami's megamall dream Aloha Macy's A perfect mix for Kimco A merican Dream Miami, a proposed $3 billion, 6 million-square-foot retail theme park with an indoor ski slope and a lake with submarine rides, has moved another step from dream to reality. The project, which would be larger even than Mall of America, won preliminary approval from Miami-Dade commissioners. Developed by Edmonton, Alberta–based Triple Five Group, American Dream would consist of 3.5 million square feet of retail and 1.5 million square feet of entertainment space, on a 200-acre site. Besides the retail-entertainment portion, plans call for an adjacent 340-acre commercial and residential project. Triple Five says the project could draw 30 million visitors annually and generate 14,000 permanent jobs. Triple Five's 5.3 million-square-foot West Edmonton Mall is the largest in North America and was for several years the biggest in the world, too. The company also owns Mall of America, in Bloomington, Minn., and is working on the proposed American Dream Meadlowlands, in East Rutherford, N.J., which is slated to include 450 stores and several theme parks. The approval of American Dream Miami clears the way for a state review process that is expected to take three or four months. n Kimco Realty Corp. completed an $18.1 million redevelopment that transformed its Wilde Lake Village shopping center, in Columbia, Md., into a mixed-use destination with 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail and 20,000 square feet of restaurants. "Kimco's redevelopment has inspired a flurry of activity by existing tenants, enhancements to the Village's swim center and water park amenity, construction of a new net-zero- energy middle school, an expanding interfaith center, and new pedestrian and cycling pathways," said Kevin McAliley, chairman of the Wilde Lake Village board. As part of the redevelopment, existing grocery tenant David's Market expanded into a larger, LEED- certified facility with an interior-exterior café. Kimco says Starbucks was drawn to the shopping center because of its new residential component.

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