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Vestar to Manage Vista Commons Near Las Vegas

by Katie Lee

Las Vegas — Vestar, a Phoenix-based privately held shopping center owner and manager, will provide comprehensive management services for Vista Commons, a 100,000-square-foot grocery-anchored shopping center located in the West Summerlin area of Las Vegas. Vestar, which will offer property management as well as construction management, will manage Vista Commons on behalf of an institutional client, for whom it manages nearly 3.5 million square feet. Vista Commons is 100% occupied with a diverse mix of tenants including Albertsons, Wells Fargo, State Farm, Subway, Bank of America and Dunkin Donuts. The …

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construction and designmanagementNewspeopleproperty managementretailers

Centennial Names New President

by Katie Lee

Dallas — Centennial, a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners (www.centennialrec.com), has appointed Paul Kurzawa to serve as president. Kurzawa is an experienced real estate and entertainment executive with more than 25 years of international multi-asset and multi-discipline expertise in the commercial real estate and entertainment industries. He has worked for some of the most distinguished global real estate and entertainment companies in the world, including The Blackstone …

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construction and designCover StoryFrom The Magazinemanagementproperty managementremodelsrestaurantsretailers

The Placemaker

by Katie Lee

— By Katie Lee — PREIT is redefining the role of malls by transforming them into vibrant community hubs. As a premier developer and operator of retail and entertainment destinations all over the country, in some of the most sought-after, high barrier-to-entry MSAs, PREIT has long understood the importance of creating a “sense of place.” But with more than 6 decades of experience and a foresight to see beyond the traditional malls or power centers of its early years, today PREIT and its 17 premier properties offer so much more …

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construction and designmanagementNewsproperty managementremodelsrestaurantsretailers

RED Development Underway on $2 Billion Redevelopment of Paradise Valley Mall in Phoenix

by Katie Lee

Phoenix — RED Development has begun construction on PV, the $2 billion redevelopment of a 100-acre site in Phoenix formerly occupied by Paradise Valley Mall. Phase I of the project will include retail, dining and entertainment space anchored by Whole Foods Market; AVE Paradise Valley, a 400-unit multifamily community; and a 77,000-square-foot co-headquarters for Fender Musical Instruments Corp. Each component of the development will be linked via centrally located parks. A groundbreaking was recently held for the office portion of the development — a three-story building designed by SmithGroup to …

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construction and designmanagementNewsretailers

Next-Generation DICK’S Store to Open at Rosedale Center in Minnesota

by Katie Lee

Roseville, Minn. — Rosedale Center, a 1,142,972-square-foot shopping center located in the heart of the Twin Cities, has completed construction of a new 80,000-square-foot DICK’S location. The grand opening is scheduled for Oct. 26. The new DICK’S store features golf hitting bays with TrackMan technology, a HitTrax multisport cage, House of Cleats, equipment services counter, an expanded premium footwear selection and apparel, accessories and equipment from the hottest brands. JLL’s retail development partner, Poag Development Group, led construction management of the project at the parcel formerly occupied by Herberger’s. “Each …

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managementNewsproperty managementretailers

Sierra Trading Post to Open 3 Stores at Cafaro Properties

by Katie Lee

Niles, Ohio — Sierra Trading Post will soon be opening its trademark outdoors gear locations in three properties owned and managed by Ohio-based Cafaro Company. The first will be located at Cafaro’s Millcreek Mall in Erie, Pa. It will comprise more than 17,000 square foot of space, with plans to open in the fall of this year. Another 18,000-square-foot store is also under construction at Kentucky Oaks Mall in Paducah, Ky. It is scheduled to open late this year. Simultaneously, a new, standalone building will be rising on the Eastwood …

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managementNewsremodelsrestaurants

Sage Hospitality Group Welcomes Mercantile Dining & Provision to Portfolio

by Katie Lee

Denver — In late August, Sage Hospitality Group welcomed Mercantile Dining & Provision to its portfolio. Located in Denver’s Union Station, the award-winning restaurant by James Beard Award Winner Chef Alex Seidel is joining a roster of more than 50 restaurants, bars and entertainment venues under Sage Restaurant Concepts (SRC). Mercantile will be an owned restaurant concept for Sage, alongside brands such as Urban Farmer and Departure, with plans to strategically grow the brand in suitable standalone restaurant locations. Additionally, Chef Seidel will be joining SRC as a collaborator, leveraging …

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Industry Voicesmanagementrestaurantssoftware/technologyvendors

The Race to Digitize

by Katie Lee

— By Mani Kulasooriya — How e-commerce can help restaurants fight rising costs and challenges. Restaurant operators are often running an uphill marathon. From hiring and schedules to inventory management and food ordering, back-end operations can present neverending challenges. To make matters worse, according to the National Restaurant Association’s “2024 State of the Restaurant Industry” report, 97% of operators now cite rising food and labor costs as pressing issues. Fortunately, foodservice has entered a new leg of the race. E-commerce is emerging as a secret weapon to streamline operations and …

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construction and designmanagementNewsproperty managementrestaurantsretailers

Netflix House to Open First Texas Location at Galleria Dallas

by Katie Lee

Dallas — Galleria Dallas, a 1.9 million-square-foot shopping center managed by Trademark Property Group, will have a new anchor in fall 2025: a hotly anticipated entertainment venue called Netflix House. This will be the first Netflix House in Texas, and only one of two to be announced in the United States. Netflix House will be a permanent experiential venue featuring Netflix stories and characters beyond the screen year-round. Netflix House will offer regularly updated immersive experiences, Netflix related retail merchandise and unique, Netflix-inspired food and drink offerings. “Welcoming Netflix House …

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construction and designmanagementNewsproperty managementretailers

Annapolis Town Center Plans 46,000-Square-Foot Expansion of Life Time Fitness

by Katie Lee

Annapolis, Md. — Annapolis Town Center plans to expand Life Time Annapolis to include 11 indoor pickleball courts. Construction is set to begin later this spring with completion planned by end of year. Once complete, Life Time Annapolis will expand to nearly 90,000 square feet, following its initial November 2022 opening. The project will transform the former Bed Bath & Beyond with the addition of the pickleball courts, a pickleball lounge and a viewing area, along with a new dedicated Alpha Signature Group Training space. “We’re thrilled about the expansion …

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