Developers of Dallas Victory Park project are starting their long-awaited revamp of the mixed-use development.

Construction will begin immediately along Olive Street and Victory Park Lane on streetscape upgrades.

The work is set for completion late this year.

The street and streetscape improvements are a vital component of transforming Victory Park into Dallas premier walkable entertainment district that can be sustained for years to come, Lance Fair, COO of Estein & Associates and vice president of Victory Park, said in a statement.

The construction will include adding a raised crosswalk and a median on Olive Street to connect Victory Park Lane and Victory Plaza.

On Victory Park Lane, workers will take out the medians and streetlights to widen the sidewalks to allow outdoor patios. An additional raised crosswalk will also be built.

Future planned upgrades to the area will add retail, restaurants, entertainment and office space. The existing storefronts will be remodeled with new graphics and landscaping. Construction on that part of the project will start next year.

Houston Street and Victory Avenue will be converted to two-way streets with bike lanes.

Whiting-Turner is the construction manager for the first phase of the redevelopment. Cushman & Wakefield is the real estate manager for the project.

Victory Parks owners in 2012 hired Fort Worth-based developer Trademark Property to come up with a new plan for Victory Parks shopping space, which never attracted a large number of tenants.

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Construction is starting on Victory Park upgrades

Diyar Al Muharraq has appointed Nass Contracting for the construction of phase one of Dragon City, a Chinese-themed retail development in Bahrain

Part of the Diyar Al Muharraq development, Dragon City will have a gross floor area of 51,000 sq m, including about 700 retail stores, warehousing of 5,000 sq m, a dining street of 6,000 sq m plus car parking for 1,500 customers.

The project will be developed by Dragon City, a subsidiary of Diyar Al Muharraq, and operation of phase one will be undertaken by Chinamex Middle East, a statement said.

Dragon City will offer discounted goods and will cater to both wholesale and retail consumers.

Diyar Al Muharraq chairman, Abdul Hakim Al Khayyat, said: "We look forward to working hand in hand with Nass Contracting who has an excellent reputation for timely completion of projects with great attention to applying the highest standards of quality standards in all their projects.

"As per our contract, Dragon City Phase I will be constructed by Nass Contracting over a 14-month period. The anticipated opening of the mall is June 2015."

Ghazi Nass, CEO of Nass Contracting, added: "We guarantee that we will comply with the highest standards of construction which reflect the values of Diyar Al Muharraq. By adhering to best practices, we will deliver promptly as scheduled, in time for the opening of the mall in June 2015."

The facility will offer a variety of Chinese products such as home appliances, household items, building materials, furniture, toys, machinery, garments, textiles, footwear and general merchandise.

Dragon City is expected to attract more than half a million visitors a year.

Chinas fast-emerging middle class is boosting tourists and shoppers to the GCC. Dubai developer Nakheel is doubling the size of its Dragon Mart Mall, adding an additional 1.7m sq ft of retail space and 5,000 parking spaces at the China-themed mall.

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Builder picked for Bahrain's Dragon City retail project

Occupancy in the northwest Arkansas retail market has tightened to 6 percent during the first quarter. That figure stood at 6.7 percent a year ago, according to data collected by Xceligent Inc. of Independence, Mo.

In response to the dwindling inventory, new projects are in motion such as the 70.2-acre Hall Crossing development at the northwest corner of Interstate 540 and Elm Springs Road in Springdale.

The property is anchored by a Wal-Mart Supercenter that will open later this year, and the site plan is configured with 11 outparcels, two of which have sold to Arvest Bank and McDonalds. Hall Crossing also has attracted two multi-tenant retail projects now in the planning stages.

Were seeing, finally, some tenant-driven, new construction, and some new space coming on the market, which we needed drastically for the last 18 months, said Alan Cole, principal at the Bentonville office of Colliers International.

Its really rolling again. Were very bullish on northwest Arkansas for the foreseeable future.

Of the more than 14.5 million SF of retail space tracked by Xceligent in Benton and Washington counties, 866,414 SF is vacant. Much of this unoccupied space is in older strip centers and neighborhood centers, outside the core retail areas of Bentonville, Rogers, Springdale and Fayetteville.

The main retail spots are very tight on space, Cole said. Theres been some pent up demand that is finally bringing new space to the market.

The retail vacancy rate in the west Fayetteville market has dropped steadily during the past five quarters from more than 8.9 percent to 5.4 percent. Its Wedington Drive corridor continues to thrive.

The retail vacancy rate in the two largest submarkets in the region is low as well: 4.4 percent in the 3 million-SF West Rogers market, home to Pinnacle Hills Promenade; and 5.4 percent in the nearly 3.2 million-SF North Fayetteville market, home to the Northwest Arkansas Mall.

The average vacancy rate for retail space across the nation is 10.2 percent. The upswing in activity that has helped absorb space has become a calling card drawing still more attention to northwest Arkansas.

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New Retail Construction Meets A Need in Northwest Arkansas

MIAMIPent up demand. Those are the words used to describe retail markets in many metros. That said, its still difficult to get lease deals done.

GlobeSt.com caught up with Jason Baker, principal at Baker Katz, to get his take on these and other retail leasing issues in part one of this two-part exclusive interview. Be sure to come back this afternoon to read part the second installment.

GlobeSt.com: What is the state of retail leasing and how has it changed over the past 12 months?

Baker: There is pent up demand for new retail space and the supply seems to be picking back up but not nearly as quickly as retailers or brokers would like to see. The state of retail leasing remains challenging and, based on the amount of new construction slated for the upcoming year, not much will change on that front in the near future.

GlobeSt.com: Is it easier or more difficult to get retail leases done? How creative do you have to get these days?

Baker: With so little new retail space being added and occupancy levels at all time highs, it has never been so difficult turning up excellent space for retailers that are looking to expand. This has been forcing brokers to get extremely creative with uncovering and closing on available quality space for their tenants.

Some are pressing landlords about space thats set to roll over or asking which tenants may be willing to relocate. Tenants and retailers are also more open than ever before to accepting a sublease/assignment and paying key money to displace current tenants. When saying key money, Im referring to making a deal with current tenants to get control of their lease.

GlobeSt.com: What trends are you seeing in retail leasing?

Baker: For the most part, the hottest categories of retail continue to be grocery and restaurants. Within the Houston market, competition is especially prevalent for spaces within the range of 1,500 to 3,500 square feet.

A year ago it was a tenant market, but unquestionably, the shift has moved towards the landlord. As an example, in late 2012, I was quoted a rent of $30 per square foot by a Houston landlord. I just heard from them and was quoted $50 per square foot for the exact same space occupied by the same tenant.

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Retail Guru Shares Three Words: Pent Up Demand

A long-time Gig Harbor property owner and benefactor has big plans for several adjacent parcels of land on the waterfront.

The property, owned by Stan and Judy Stearns, currently is the site of Netshed No. 9 restaurant, Arabellas Landing marina, the Downtown Waterfront Alliance, Ship to Shore marine supply and the former Harbor Peddlers retail shop.

The Harbor Peddlers space is currently being remodeled as a downtown outlet for Bella Kitchen Essentials.

According to John Moist, manager of Stearns properties, the plan also includes construction of two new buildings that will be a new retail space and a storage facility for Ship to Shore.

There will be a nice plaza and an infinity pond between the new buildings that will be open to the public, said Peter Katich of the citys planning department.

Also in the works is the re-location of a very popular existing business into the Bayview Building the space that currently houses Ship to Shore Moist said.

Katich anticipates that a public hearing on the project will take place late July or early August.

In addition to the new construction, Stearns plans to re-open the fuel dock at Arabellas Landing.

Gig Harbor is the Maritime City and we have lots of boaters and a wonderful, resurging fishing fleet, Moist said. Our goal is to create an environment to be of service to personal watercraft of all sizes and also to serve the fishermen of our community.

The fuel dock has been an on-again, off-again operation for more than a decade, he said. It was taken out of service about 11 years ago. The two tanks are still in place and weve maintained them and had them inspected regularly.

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Retail expansion planned on the waterfront

Clifton Park

Clifton Park Center is looking to expand further.

The mall is asking the town's Planning Board for permission to add 28,000 square feet of retail space with multiple retailers near the front of the shopping center.

Donald MacElroy, vice president of DCG Development Co., said he hopes to get approval within the next 60 days. If he does, construction could be completed and the space available in the first quarter of 2015.

The mall has more than 600,000 square feet of retail space, almost all of which is leased.

"This building was always something we anticipated doing," he said.

Originally, the developer received approval for 40,000 square feet of space on that piece of the property, which is at the front of its site near Clifton Park Center Road, MacElroy said. Some 7,500 square feet was then used for the Olive Garden restaurant.

This new, L-shaped section which will be subdivided based on how much space tenants want will still leave room for parking and green space.

"We want the layout to work from a circulation perspective: When someone walks out of a particular store, they immediately see a dozen other shopping opportunities," MacElroy said.

tobrien@timesunion.com 518-454-5092 @timobrientu

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Clifton Park Center wants to add 28,000 more square feet

Published: Sunday, May 11, 2014 at 11:40 p.m. Last Modified: Sunday, May 11, 2014 at 11:40 p.m.

The Wilmington River Club LLC is looking to buy a 3.6-acre parcel for about $18,000 from Brunswick County.

The small portion of land will add to the company's land acquisition for a housing development with retail and commercial space in Navassa. But construction won't begin until after the Interstate 140 Wilmington Bypass is finished.

When the highway comes, Navassa Mayor Eulis Willis said, the town understands there will be a growth spurt.

"We are getting ready to adjust," he said.

Almost 6,000 homes are slated for development in the area. Most have been stalled because of the economy, but groups have been poised to strike when the interstate is built.

The Wilmington River Club's Indian Creek development, near Cedar Hill Road and Royster Road, is envisioned to add 2,000 homes for the town of 1,500 people.

And the Mulberry Land Co. LLC proposes to build 3,684 residential units and dedicate land for a future fire department, public parks and public schools. It envisions commercial development at the intersections of Daniels Road with Cedar Hill Road and Mount Misery Road.

Navassa is bare of most retail, and Jon Vincent, the manager of Wilmington River Club, said the plans will bring something similar to Leland's Waterford.

"It's not going to be a major retail hub, but I hope for it to have a drugstore, hotel and ancillary shops," Vincent said.

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Developers eye land for thousands of homes in Brunswick

Top News

Titan Q4 net profit at Rs7349.40 mn Titan Company Ltd has posted a net profit after taxes and share of profit / (loss) of associate company of Rs. 7349.40 mn for the year ended March 31, 2014 as compared to Rs. 7253.80 million for the year ended March 31, 2013.Total Income has increased from Rs. 102241.80 million for the year ended March 31, 2013 to Rs. 110476.10 mn for the year ended March 31, 2014.

The Company has posted a net profit of Rs. 7411.40 million for the year ended March 31, 2014 as compared to Rs. 7251.80 million for the year ended March 31, 2013. Total Income has increased from Rs. 102134.40 mn for the year ended March 31, 2013 to Rs. 110359.80 million for the year ended March 31, 2014.Titan Q4 margins stood at 10.64%.

The company has announced that the Board of Directors of the Company at its meeting held on May 06, 2014, inter alia, have recommended a dividend on the equity shares of 210% free of tax, viz. Rs. 2.10 per equity share (Previous year: 210% free of tax). The strength of Companys brands contributed to sales growth across all retail formats of watches, jewellery and eyewear.

The Watches business of the Company recorded an income of Rs. 1790.80 crores, a growth of 6.9%. This was achieved through meticulous planning and execution of key initiatives. The income from Jewellery segment grew by 6.5%, crossing the Rs. 8500 crores mark to Rs. 8632.03 crores. The income from other segments comprising of Precision Engineering, a B2B Business, the Eyewear business and accessories grew by 20.7% to Rs. 499.79 crores.

The year witnessed aggressive expansion of its retail network with a net addition of 125 stores by Watches, Jewellery and Eyewear businesses. As on 31st March 2014, the Company had 1078 stores, with over 1.5 million sq.ft of retail space delivering a retail turnover in excess of Rs. 10900 crores.

Bhaskar Bhat, Managing Director of the Company stated that The year 2013-14 was a challenging year given the economic environment that was subdued. The year also witnessed other adverse factors like the regulatory changes that impacted our jewellery business. The Company will however continue to invest in strategic initiatives taking into account our long term and sustainable growth plans. Given the expectations of our stakeholders and aspirations of our employees, we move confidently into the new financial year with aggressive plans.

ED investigates into Myntra over FEMA The Enforcement Directorate is investigating Myntra for possible violation of foreign direct investment (FDI) norms in the e-commerce sector, according to a media report. The investigation comes at a time when Myntra is in acquisition talks with e-commerce website Flipkart, the report added. The ED had recently sent a show-cause notice to Flipkart for alleged violation of Rs 1,400 crore under FEMA.

News Infocus

FTAs with raw material producing countries imperative to promote domestic G&J industry: ASSOCHAM In order to ensure secure, reliable and adequate long-term supply of raw materials for the domestic gems and jewellery industry, there is an urgent need for India to engage directly with producer countries through diplomatic channels such as free trade agreements (FTAs) with countries possessing key raw materials, an ASSOCHAM study said.

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Retail Newsletter May 05 to 09, 2014

Dallas, TX (PRWEB) May 09, 2014

Who leads the competition in the Romanian construction sector?

Report explores competitive dynamic; presents forecasts for development 2014-2019.

What is the expert prognosis for growth in the Romanian construction industry? Which contractors and building materials manufacturers are currently participating in the largest projects underway in the residential, non-residential and civil engineering segments of the market? Who are the major investors in construction in Romania? What is the status of the residential segment, and what is planned for the non-residential segment in terms of industrial, retail and office space?

Keep track of the current status and upcoming activities of top companies by reading Construction sector in Romania 2014, development forecasts for 2014-2019. This reliable resource answers all of the questions listed above and many more, with special emphasis on the competitive dynamic and the resulting outcomes projected for ventures in all segments in the years ahead.

Complete report is available at http://www.reportsnreports.com/reports/284341-construction-sector-in-romania-2014-development-forecasts-for-2014-2019.html.

This versatile publication presents data describing the value of the construction industry in Romania and its three core segments: residential, non-residential and civil engineering construction. It offers statistics on wages, prices and the employment market and supplies the total number of contractors at work in the sector.

The document is delivered along with two powerful Excel spreadsheets. Top 100 planned construction projects in Romania includes project name and location, size, length or area, leading contractor and key investors, current degree of construction completed and anticipated completion date. The Directory of 100 top construction companies in Romania covers a broad scope of information, from company name, address, telephone and online contact information, to revenue and profit/loss details, number of employees and much more.

Examination of the competitive dynamic is a leading goal of the report, which includes news, events, merger and acquisition transactions and more. The team of market experts at PMR has also evaluated the current scenario and prepared reliable forecasts for changes in the construction industry and macroeconomic influences over the coming years.

In addition to performing competition research, this innovative document is also useful when preparing a new business for launch, evaluating candidates for possible merger and/or acquisition activity, new business development, and calculating the market share of specific business while planning a strategy for expansion in the future.

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Romania Construction Industry 2014 Analysis & 2019 Forecasts in New Research Report at ReportsnReports.com

Retail Space Rent

Retail Rental and Space Data for Houston Metropolitan Area

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Retail Space Rent