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

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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.

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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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Dallas, TX (PRWEB) May 09, 2014

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Former auto site to house 3 retail stores

The Osseo City Council approved the planned unit development (PUD) and site plan applications for the Osseo Retail Center at 308 County Road 81 during its Monday, April 28 meeting.

The council also approved the PUD and site plan for Villa Healthcare, as well as talked about adding programs at the community center for seniors.

OSSEO RETAIL CENTER

City Planner Riley Grams presented the council with a PUD application that would allow for the construction of a 4,029-square-foot retail center with leasable tenant space at 308 County Road 81. This parcel of land has been vacant for a number years and was last the site of LaViolette Auto Sales. It is currently owned by Richard Welk.

Grams said the proposed development would demolish the current building and make way for the new retail center. There would be three leasable tenant spaces (one 1,599-square-foot space and two 1,037-square-foot spaces). Possible businesses that could use the spaces would include: take-out pizza, coffee shops, floral shops and a dry cleaners.

This property is located next to Premier Wine and Spirits and the new building would mimic Premiers exterior. Grams said the new building would be complete with the end cap tower like Premiers.

The buildings will not actually be together, there will be a separation space, Grams said. The new construction will include a fire separated wall.

He added that city code requires one parking space for each 150 square foot of retail space. This project would need 27 parking spaces, but because the parcel size is small the plan only has room for 12 spaces. Many of the parking spaces would be considered about and beyond what would realistically be needed for this development, Grams said. Additionally, the proposed uses are such that customers would not be visiting these businesses for lengthy periods of time.

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Osseo paves way for new retail center

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Construction has begun for a new apartment building on the corner of Brackett and Pine streets in Portland.

West End Place is the first new market rate apartment building in the area in decades, developers said. The term refers to owners determining the rent.

It will have 39 apartments and ground-floor retail space when completed.

"Having that number of apartment units, and this land in this particular space is great because it puts people near their jobs and it puts people near the nightlife, the Old Port, the Arts District. It really encourages people to live a lifestyle that isn't as dependent on the automobile," Portland City Councilor David Marshall said.

He spoke during a Tuesday morning groundbreaking ceremony.

The apartments will run from $1,300 to $2,200 a month for rent. The building is expected to open in March 2015.

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New apartment building going up in Portland

This architect view of the new CentrePointe concept is from the intersection of Limestone and Vine streets. Developer Dudley Webb said the changes were driven by Marriott, which wanted to add extended-stay suites to the apartment complex. RABUNRASCHERECTORREECEANDCMMI

Developers of the long-anticipated CentrePointe development have submitted new designs for the downtown project that include five additional floors on an apartment building.

New designs for the development, which includes an office tower, a hotel and other retail space, also show changes to the facade of the hotel.

The Courthouse Area Design Review Board, which ensures that new development meet design guidelines for downtown, is expected to review the changes at its next meeting on May 14. The project has been before the review board at least three times in the past 12 months.

Including financing costs, the price tag for the entire CentrePointe project, which includes Vine, Main, Limestone and Upper streets, is estimated to be $393.9 million. The project has been controversial since 2008, when an entire block of historic buildings was razed but construction on the new development did not begin until late December 2013.

The downtown project has been repeatedly delayed because of problems with financing.

Dudley Webb, one of the project's developers, told the Herald-Leader that the latest changes were driven by Marriott officials, who wanted to add extended-stay suites to the apartment complex.

"We are going to add 110 Marriott extended-stay suites which will now be the first five floors of the apartment complex," Webb said.

The apartment complex was originally to be seven floors and will now be 12, according to the new designs. The bottom floor is to be retail shops. The top six floors are to be apartments.

The Marriott chain had initially said that its luxury brand, J.W. Marriott, would occupy the hotel structure that faces Vine Street. Webb said that Marriott has since decided to make it a Marriott hotel, which is still a full-service hotel. The hotel is to have 205 rooms, which was the initial plan.

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New CentrePointe designs include five more floors for apartment building

6 May 2014

Buchans Design Lifts The Landing

Construction of The Landing will commence this month following the completion of designs for the new retail and mixed-use centre in Christchurchs Wigram Skies community.

The Buchan Group was appointed by Ngai Tahu Property in June 2010 to design key components of The Landings retail and office buildings. The precinct will be home to retail, dining, commercial and community facilities in a high street-style environment.

Built around a town square, The Landing will cost around $20 million and will act as a social and economic drawcard to Wigram Skies master planned community, south-west of Christchurch.

Stage one of The Landing has a 8975m2 site area, including 2000m2 of retail and office space spread across three buildings and a 2600 m2 New World supermarket.

The Buchan Group in conjunction with Kamo Marsh Landscape Architects has designed The Landings two significant features: the public town square and The Runway a high street featuring a continuous, 'folded' roof.

The Buchan Group Principal Anton Tritt said The Landing would be brought to life with a design that would encourage visitors to take time out, relax and appreciate their surroundings.

The centrepiece of The Landing is the town square, and restaurants and cafs will spill out into this common area, creating a piazza-like environment, he said.

ENDS

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Buchans Design Lifts The Landing