Shopping Centers Today

JUL 2018

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

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J U L Y 2 0 1 8 / S C T 43 Texas An affiliate of Warren Buffet's Berk- shire Hathaway hired Biederman Redevelopment Ventures to oversee the programming and events at the $1.5 billion, 400- acre Grandscape mixed-use community now in development in e Colony. Anchored by a 560,000-square-foot Nebraska Furniture Mart that opened in 2015, Grandscape will eventually total nearly 4 million square feet of retail, entertainment and dining attractions. e first phase features a handful of restaurants already open, including Rock & Brews and Lava Cantina, and such additional tenants as a 16-screen Galaxy movie theater, an Andretti Indoor Karting & Games facility, and an outdoor amphitheater. A 300,000-square-foot Scheels All Sports is to open in early 2020. Utah A Lowe's home-improvement store is moving into Canyon Creek Commercial Center, in Spanish Fork. is is the latest addition to a 240-acre mixed-use community along the Wasatch Front that is building upon an existing retail base anchored by Costco and Walmart. Woodbury Corp. and WPI Enterprises completed the first phase of this 245,000-square-foot retail and restaurant expansion last year, welcoming several businesses to the center, including Ace Hardware, Cinemark, T.J.Maxx and Ulta Beauty. e 140,000-square-foot Lowe's is to break ground this summer and to open next year. Broader development plans call for offices, a health care facility and a hotel. Vermont Target is finally coming to Vermont this year, in South Burlington. Vermont is the only state without one. Plans call for a store that is smaller than Target's usual size, as plans for a larger one were shot down in 2012. Virginia e Meridian Group is moving along on e Boro, a mixed-use development that could eventually mea- sure 4.2 million square feet on 18 acres near the Greensboro Metro station in the heart of Tysons. e 1.7 million- square-foot first phase will comprise 260,000 feet of retail, 400,000 square feet offices, 800 residential units and a park. Among the tenants is a 15-screen Kerasotes ShowPlace cinema, which is scheduled to open sometime this summer. Whole Foods is to open a 70,000-square-foot flagship next year with a food court, a beer-brewing operation and a demo kitchen. Meridian Group formed a joint venture with Kettler to develop housing and some retail space. Washington Gramor Development is leading a pub- lic-private partnership in the development of e Water- front, a $1.5 billion mixed-use community on 32 acres along the Columbia River. e $250 million first phase is under way and will feature 85,000 square feet of restaurant and retail space, nearly 300 apartments, a 138-room hotel, 40 condominiums and a waterfront park. When fully built, e Waterfront will contain 250,000 square feet of retail and restaurants, as many as 3,300 residential units, additional hotel rooms and about 1.3 million square feet of offices. e first two restaurants, WildFin American Grill and Twigs Bistro & Martini Bar, are scheduled to open this summer. West Virginia Interstate Realty, of Bristol, Tenn., owned by West Virginia native Brent Roswall, is building a $100 million complex in Barboursville called Tanyard Sta- tion, which will contain retail, restaurants, a hotel, a bank, and a gas station and convenience store. Wisconsin CBL Properties kicked off a $28.5 million redevelopment of the former Sears building at its 1 mil- lion-square foot Brookfield Square mall in Milwaukee. e 125,500-square-foot project's first phase will bring dining and entertainment options WhirlyBall and BistroPlex to the market early next year. Subsequent phases will expand restaurant options and nonretail uses. CBL acquired the Sears property last year. Wyoming e owner of a cattle ranch south of Cheyenne wants to build a massive extension to the city. e devel- opment, called Sweetgrass, would include housing, offices, retail, entertainment, schools and a golf course, among other uses, on 2,350 acres. n The $1.5 billion, 400-acre Grandscape will eventually house nearly 4 million square feet of retail, entertainment and dining options TEXAS WASHINGTON

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