Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
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are seeking, Sanders says. Scottsdale (Ariz.) Fashion Square, meanwhile, is adding on residences, offices and a hotel, in addition to expanding and renovat- ing its luxury wing, with a completion date set for the fall of 2018. Some of the construction weakness of the past few years came from what Dodge characterizes as a "stalled recovery" resulting from department-store closures that tossed space back onto the market. But the many major renovations, the expanding spe- cialty grocery segment and some renewed investor and consumer confidence will probably all combine to help generate that predicted 5 percent construc- tion bump this year, according to Dodge. While some full-format, 100,000-square-foot grocery stores are getting built by the likes of Kro- ger, Meijer and WinCo, smaller-format grocers such as Aldi, Fresh Thyme Farmers Market, Trader Joe's and Whole Foods 365 are ratcheting down the size of the typical new store, says supermarket site ana- lyst David J. Livingston, who heads Wisconsin-based DJL Research. Fresh Thyme opened one of its new 28,000-square-foot stores, a format half the size of most supermarkets, early this year in Kirkwood, Mo., near St. Louis. New Aldi stores are averaging about 16,500 square feet, while competitor Lidl will be occupying spaces twice that size once it begins opening U.S. 2017 WILL SEE 102 MILLION SQUARE FEET OF NEW BUILDING AND REDEVELOPMENT Simon's Aventura (Fla.) Mall, already the state's largest, is getting a new three- level retail wing J U N E 2 0 1 7 / S C T 29