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RD Management Breaks Ground on The Home Depot in Pennsylvania

by Katie Lee

New York City — RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, has commenced construction on The Home Depot at Macungie Crossing, a new community shopping center anticipated to encompass 182,000 square feet of retail and restaurant space in Trexlertown, Pa. The new 136,000-square-foot location featuring a garden center is slated to open in summer 2023. “The Home Depot opening at Macungie Crossing is a great win for local community members needing a close, convenient option for their home improvement and construction …

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Quiznos Signs 30-Store Multi-Unit Development Agreement for Arizona

by Katie Lee

Denver — Quiznos has signed a multi-unit development agreement with franchisee Parish Patel that will yield 30 restaurants across Arizona starting in 2023. Part of a 7-year build schedule, three sites are slated to be built in the first and second year each, and the remaining locations over the last 5 years of the agreement. Patel, a former multi-unit franchisee who left the system in 2015 to pursue other fast-casual restaurant ventures, signed the multi-unit deal after experiencing the potential in Quiznos, a beloved and highly recognized brand under REGO …

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Target Debuts New Larger-Format Store

by Katie Lee

Minneapolis — Target Corporation has revealed the next evolution of its new store strategy and store design. The new store design and larger store format recently debuted in a new location outside Houston. The new larger-format stores optimize additional space and new design elements and, at nearly 150,000 square feet, the locations are more than 20,000 square feet larger than the chain average. While the retailer will continue to open stores of all sizes, it will focus on this larger footprint in the next few years. Starting in 2023, more …

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Panera Opens First Digitally-Led New Bakery-Cafe Format in NYC

by Katie Lee

St. Louis — Panera Bread has opened the first of its new updated urban store format in New York, the newest of several new formats targeted at more densely populated and non-traditional trade areas. With digital sales at Panera now representing 50% of total system sales, Panera now offers a portfolio of store formats designed to cater to the needs of an increasingly digital and off-premise guest. “At Panera, our innovation has always been rooted in the guest and associate experience, how we can reduce friction, drive convenience and bring …

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Macy’s New Markets

by Katie Lee

— By Katie Lee — To meet today’s retail consumers where they are, Macy’s offers a new smaller store format, expanded digital conveniences, and sustainable operations.   Macy’s, the venerable New York-based department store chain we all know and love, is more than its storied 150-year history, more than its omnipresence in malls all over America, more than its countless Christmas tree lightings and Thanksgiving Day parades in New York and The Miracle on 34th Street movie. It’s a steady leader during unsteady times, an agent of change in a …

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Trademark Completes Initial Renovation of Annapolis Town Center

by Katie Lee

Annapolis, Md. — Fort Worth, Texas-based Trademark Property Company, a mixed-use investor, developer and operator, has completed the initial renovation of Annapolis Town Center, a combined 2 million-square-foot mixed-use property located near the intersection of John Hanson Highway and West Street. These enhancements — such as additional green and community spaces — have driven leasing momentum, leading to 122,000 square feet of new leases with a mixture of retail, food and beverage, and fitness tenants. “One of our guiding principles is to have vision and see beyond, and that is …

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Sevan Celebrates 4 Leadership Promotions

by Katie Lee

Downers Grove, Ill. — Sevan Multi-Site Solutions, Inc., a global leader in innovative program management for clients with multiple sites, announces four leadership promotions. Sevan has four tenured team members who have been promoted into senior vice president and vice president positions. The company’s commitment to career development directly drives internal promotions at every level in the organization bi-annually. “It is critical for our team members to have access to robust career development plans, learning paths, mentorship and an avenue that recognizes their hard work,” says Jim Evans, founder and …

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David’s Bridal Debuts New In-Store Customer Experience Across Retail Locations

by Katie Lee

Conshohocken, Pa. — David’s Bridal plans to debut a new store format in select locations. Following the momentum the bridal chain built earlier in the year with the soft launch of this concept in select locations including Torrance, Calif.; West Chester Township, Ohio; Lexington, Ky., and Cool Springs, Tenn., the retailer anticipates roughly 30 new format stores in 2023 including 12 brand new locations. Moving forward, the majority of the remodeled stores will follow this same concept and format. The opening and reopening of these locations is part of a …

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Centennial Expands Redevelopment Plans for Hawthorn Mall in Vernon Hills, IL

by Katie Lee

Vernon Hills, Ill. — Dallas-based real estate firm Centennial plans to expand on its Hawthorn 2.0 redevelopment of Hawthorn Mall, a super-regional shopping center in Vernon Hills, a northern suburb of Chicago. Built in 1973, the mall currently houses over 120 retailers. Centennial first announced the redevelopment of Hawthorn Mall in 2019, which included new retail and dining options, luxury multifamily housing and indoor/outdoor gathering spaces. The expanded plans nearly triple the new development at the property and include 162 units of seniors housing, a 25,000-square-foot grocery store and 109,000 …

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Tropical Smoothie Cafe Opens First Double Drive-Thru Location

by Katie Lee

Oklahoma City — Tropical Smoothie Cafe®, a leading fast-casual restaurant brand, has opened a double drive-thru location in Oklahoma City, the first of its kind for the brand. Franchisee Rohit Patel is opening the uniquely designed location, which features two drive-thru lanes, one standard and the other designated for online, third party and curbside ordering pickup. The new location marks Patel’s 14th cafe. “Opening new locations is always something we look forward to, and there is an extra level of excitement when a new cafe model opens for the first …

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