The Walmarts are coming.

In the wake of the Great Recession, Walmart is one major retailer with significant plans for expansion in Tucson.

The company has three new supercenters and two neighborhood markets in the works.

The discount retailer has identified Tucson as an area that's underserved when it comes to affordable shopping options, said Delia Garcia, a Walmart spokeswoman.

"Our goal is to improve access to affordable groceries for Tucson families," Garcia said.

Tucson's big-box retail market has been hit hard by bankruptcies and closures since 2008. National chains such as Mervyn's, Circuit City, Linens 'N Things and Borders book stores have left big spaces in shopping centers.

And as consumers reined in spending, discount retailers like Walmart, along with dollar and second-hand stores, have become increasingly popular.

With its one-stop-shopping model, Walmart fills a niche in the retail market, said Greg Furrier, a commercial broker with Picor Commercial Real Estate Services. In contrast, an electronics retailer like Best Buy, which sells destination products people are willing to drive for, won't have as many stores, Furrier said.

When considering whether Walmart presents a threat to other grocers, consumers don't generally change their habits unless they can save a decent amount of money, Furrier said. So more expensive grocers tend to be more vulnerable when a Walmart moves in nearby, he said.

The consumer market has recently shifted toward discount retailers - spurring the expansion of Walmart - but Furrier said there's no way to know for sure how long that trend will last.

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Walmarts on the march

The tour covered the 550-acre waterfront property that will include a mix of hotel, conference, commercial, residential, industrial, retail, parkland, open space and recreational uses. A land exchange shifts development away from protected refuge areas toward the active harbor area and acquired 62 additional acres of land for parks, open space and lower-impact future development.

Chula Vista, Calif. (PRWEB) March 09, 2012

While the Chula Vista Bayfront Master Plan was not on the Coastal Commission's agenda during its monthly meeting held March 7, 8 and 9 in Chula Vista, the tour familiarized commissioners and staff with the site's geography, as they look to have the project on the agenda for consideration of approval in the coming months.

When approved, the Port of San Diego will prepare and issue a Request for Qualifications from developers.

"The future of the Port of San Diego is in the South Bay," said Ann Moore, Vice Chair of the Board of Port Commissioners, who participated in the tour. "I want to thank the California Coastal Commission for taking the time to tour an area that holds tremendous opportunity for the San Diego region and the city of Chula Vista."

The tour covered the 550-acre waterfront property that will include a mix of hotel, conference, commercial, residential, industrial, retail, parkland, open space and recreational uses. A land exchange between the Port and Pacifica Companies, a development company, shifts development away from protected refuge areas toward the active harbor area. It also allowed the Port to acquire 62 additional acres of land for parks, open space and lower-impact future development.

The project is anticipated to create more than 2,200 permanent jobs, nearly 7,000 construction jobs and numerous indirect jobs in Chula Vista and the San Diego region.

Its promising economic impact was noted by Chula Vista Mayor Cheryl Cox following her comments to the Coastal Commission during the public comment period at the March 7 meeting.

"Given its scale, this project, in many ways, is the first of its kind, balancing business investment and environmental preservation," said Cox of the plan that aims for a resort feel while implementing buffers for protection of adjacent habitat areas. "To me, it also means jobs and the generation of $1.3 billion for the regional economy over the next 20 years, including more than $11.5 million in annual tax revenues."

During her comments, Cox recognized the supporters from environmental groups, business and government who helped develop the Chula Vista Bayfront Master Plan. In attendance were elected officials and regional leaders, including Lou Smith, Chairman of the Board of Port Commissioners, Vice Chair Ann Moore, Port President and CEO Wayne Darbeau, City of Imperial Beach Mayor Jim Janney, City of Coronado Councilmember Mike Woiwode, Chula Vista Councilmember Pamela Bensoussan and Chula Vista City Manager Jim Sandoval. Also present were representatives from Goodrich Aerostructures, the Environmental Health Coalition, the Chula Vista Nature Center, the U.S. Department of Fish and Wildlife and the Building Industry Association.

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Development Opportunity Approaches After Coastal Commission Site Visit Along San Diego Bay

Carrboro's first hotel and parking deck will soon be under construction downtown.

The first phase of the 300 East Main project includes a 142-room Hampton Inn & Suites with 18,100 square feet of retail and restaurant space located on the ground floor.

A 500-space parking deck will sit behind the hotel and will provide free public parking.

Construction of this phase will take about 14 months.

The first work will be demolition of existing buildings at 304 and 404 E. Main St. and two empty houses on Padgett Lane and Boyd Street.

Developers will hold a groundbreaking ceremony later this month after demolition is complete.

Main Street Properties of Chapel Hill LLC, whose partners include Kevin Benedict and Laura Van Sant, is the developer of 300 East Main and will own and manage the six to nine retail and restaurant spaces in the new building.

The Atma Hotel Group out of Chapel Hill is a partner in the first phase and will own and operate the Hampton Inn & Suites.

Future phases of 300 East Main will bring additional retail, restaurant, office and cultural space.

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Work begins on Carrboro project

BEIJING (Reuters) - China's factory output slowed more than expected in the first two months of 2012 to grow just 11.4 percent from a year ago as cooling demand at home and abroad dragged production growth to its weakest in over 2-1/2 years.

Economists polled by Reuters had forecast industrial production growth of 12.3 percent in January and February.

Growth in fixed asset investment, which accounted for 54 percent of China's 2011 gross domestic product, slowed to 21.5 percent in the first two months , from 23.8 percent in December.

It was the lowest since the end of 2002 but still above the 20 percent forecast economists.

Retail sales missed market expectations to grow just 14.7 percent in January and February . Economists had expected growth of 17.5 percent.

******************************************************

KEY POINTS:

- Jan-Feb industrial output up 11.4 pct on year (forecast up 12.3 pct; previous up 12.8 pct)

- Jan-Feb fixed asset investment up 21.5 pct on year (forecast up 20 pct; previous up 23.8 pct)

- Jan-Feb retail sales up 14.7 pct on year (forecast up 17.5 pct; previous up 18.1 pct)

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Instant View: China output, investment, retail sales growth slows

Target is expected to be the primary anchor for a new shopping center that will rise near the Kaiser hospital in South San Jose.

The new retail complex, dubbed Village Oaks, will total 320,000 square feet. Besides Target, a major supermarket is expected to be one of the anchors. A health club, restaurants, banking and other retail are expected to make up much of the remainder of the tenants.

After stalling during the recession, the center's launch is being bolstered by a rebounding local economy. Principal developer Hunter Storm Properties has teamed up with realty finance and investment firm Pacific Coast Capital Partners.

"We have very strong interest in most retail categories for this site," said

The location of the retail complex, near Highway 85 and Cottle Road, is in a retail void for large shopping centers.

"This area is really underserved for retail," said James Chung, a partner with Terranomics, a real estate firm that is scouting for tenants to occupy the project.

The developers and Terranomics wouldn't identify the anchors that have agreed to move to the center, which will occupy a portion of the former IBM disk drive factory site.

However, marketing materials for the complex and a residential development that will be constructed nearby

The nearest Target stores are at San Jose's The Plant shopping center and on East Capitol Exopressway off Highway 101 to the north, Oakridge mall to the west and a shopping center in Morgan Hill near 101 and Cochrane Road.

The robust job market in the South Bay has helped coax considerable interest out of big retailers for this center and elsewhere in Silicon Valley.

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Big retail center planned for south San Jose to include a Target

Redevelopment of the historic Blass Building in downtown Little Rock will begin in June to convert the former retail property into 100,000 SF of office space, 20 loft-style apartments and more.

The developers, Doyle Rogers Co. and Moses Tucker Real Estate, described it as a $20 million project.

Accompanying the project will be 200 employees from the Office of Child Support Enforcement, which will lease space in the building. A 300-car parking garage will be built at the northeast corner of Fourth and Louisiana streets as part of the project.

Construction is expected to be completed in mid-2013, according to the developers.

Officials at the two companies on Wednesday announced their plans for the 105-year-old building at 317 Main St. The development encompasses the seven-story building, once the flagship of Blass Department Stores, and its adjoining three-level annex.

New Market Tax Credits through the Heartland Renaissance Fund of Little Rock are an important component of the financial package backing the deal.

Doyle Rogers, the famed Batesville developer behind the Peabody Hotel, Stephens Building and Statehouse Convention Center, has owned the property for more than 12 years, awaiting a redevelopment opportunity.

"The time has now come," said Tommy Lasiter, CEO and president of the Doyle Rogers Co.

The redevelopment is owned by Blass Property LLC, which includes Lasiter, Jimmy Moses, Rett Tucker and Rogers' son and daughter, Doyle "Rog" Rogers Jr. and Barbara Hoover.

[Link to this article]

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Moses Tucker, Doyle Rogers to Put New Office, Loft Space in Blass Building

DANBURY -- The city's west side is already home to condominiums and apartment projects. Building has resumed at the long-dormant Rivington project.

And if things fall into place for Greenwich developer Paul Foley, there will be a new mixed-use center -- with a two-screen movie theater, a rehearsal space, retail shops, cafes, offices and dozens of loft apartments -- on Old Ridgebury Road.

"The people who live in Rivington won't have to drive down to Mill Plain Road," Foley said Wednesday of the busy, strip-mall-line thoroughfare that is the lifeline of the west side. "They'll be able to just stop here."

On Tuesday, Foley's project moved forward when the City Council voted 17-4 to approve selling 13 acres of city-owned land off Old Ridgebury Road for $3.2 million to Foley and his company, Greenwich Development Group.

Foley said he hopes to close on the property by June, and begin construction in the spring of 2013.

Foley told the council Tuesday that the project will be a mixed-use "lifestyle center," with each use complementing the others.

"There's nothing like it in the city," he said.

Foley said Wednesday the development will have a movie theater showing independent films. One part will have about 250 seats, a second will have 300 to 400 seats.

It will also have a rehearsal/performance space that could also be used for film production. Foley said while the developers will own this space, the city will have full use of it for free.

There will also be retail space for boutiques, offices, restaurants, and loft apartments that would appeal to young adults or couples or empty-nesters, rather than families. Foley said he was not sure how many of these units there will be in the development.

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Theater, lofts slated for city's west side

Some big changes are coming to two of San Luis Obispo's major retail areas: downtown and the Madonna Plaza shopping center.

Sports Authority, the Denver-based sporting goods company that fills nearly a block on Chorro Street, between Higuera and Marsh, is leaving downtown, according to Sports Authority Operations Manager Sara Jones.

Jones confirmed the store on Chorro is preparing to move into the spot where Borders Books and Music had been in Madonna Plaza, and will also take over spaces formerly occupied by the All That Glitters jewelry store and The Bed Store.

Those retail spaces are undergoing major construction to change them from three separate stores into one 35,000 square-foot retail space.

Jones said the move should be complete sometime in mid-May.

As for what might go into the downtown space now occupied by Sports Authority, it remains to be seen.

We are working on finding a replacement tenant, according to Therese Cron, tenant coordinator for Copeland Properties.

The lease agreement between Sports Authority and Copeland is not up until the end of the year, Cron added.

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Changes coming to major San Luis Obispo retail centers

FOUNTAIN VALLEY A project near the Civic Center with a 127-room hotel, 27 single-family detached homes, 61 townhomes and 2,300 square feet of retail space has gotten its final approval from the City Council despite concerns from residents about increased traffic.

The City Council chamber was filled Tuesday night with residents and community members, with about 25 people standing outside. Nearly 20 residents spoke out against the project - on Brookhurst Street and Slater Avenue - by the Ayres Hotel and Olson Co.

Project rendering of the 127-room Ayres Hotel to be built if approved by the Fountain Valley City Council on March 6.

PHOTO COURTESY OF OLSON CO.

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Most of the speakers cited concerns about increased traffic in an already congested intersection and others were concerned about potential construction issues.

The City Council approved the project 4-0, with Councilman Mark McCurdy, who lives within 500 feet of the project area, abstaining from the vote.

City officials say the hotel would bring in transient occupancy tax for the city and the townhomes would create housing for families and young people who can't afford single-family homes.

Construction for the Fountain Valley Civic Center Specific Plan Project is tentatively set for July 1, Planning and Building Director Andy Perea said after the meeting. The project includes demolition of a vacant SAFECO Insurance building, a building used by Coastline Community College and elimination of storage units used by the police department.

Construction of the hotel is expected to be completed within a year from when construction starts, said Don Ayres, hotel principal in an interview.

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Fountain Valley council OKs hotel, homes

DANBURY -- The city's west side is already home to condominiums and apartment projects. They're now building at the long-dormant Rivington project.

And if things fall into place for Greenwich developer Paul Foley, there will be a new mixed-use center -- with a two-screen movie theater, a rehearsal space, retail shops, cafes, office and dozens of loft apartments -- to serve them all on Old Ridgebury Road.

"The people who live in Rivington won't have to drive down to Mill Plain Road,'' Foley said Wednesday of the busy, strip-mall-line thoroughfare that is the life line of the west side. "They'll be able to just stop here.''

On Tuesday night, Foley's project moved forward when the City Council voted 17-4 to approve selling 13 acres of city-owned land off Old Ridgebury Road for $3.2 million to Foley and his company, Greenwich Development Group.

Foley said he hopes to close on the property by June, and begin construction in the spring of 2013.

Foley told the council Tuesday that the project will be a mixed-use "lifestyle center'' with each use complementing the others.

"There's nothing like it in the city,'' he said.

Foley said Wednesday the development will have a movie theater showing independent films, with two screens: one with about 250 seats, a second with about 300 to 400 seats.

It will also have a rehearsal/performance space that could also be used for film production. Foley said that while the developers will own this space, the city will have full use of it for free.

There will also be retail space for boutiques, offices, restaurants and loft apartments that would appeal to young adults or couples, or empty-nesters, rather than families. Foley was not sure of how many of these units there will be in the development.

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Theaters, lofts, slated for city's westside