Rendering courtesy of Donahue Schriber

Shopping center owner and operator Donahue Schriber plans approximately $50 million in improvements at Del Mar Highlands Town Center in Carmel Valley, including a parking structure, movie theater expansion, and new stores and eateries.

Company officials said plans call for adding about 80,000 square feet of retail space to the centers current 283,000 square feet. There will also be a three-screen expansion of the centers existing eight-screen Cinepolis Luxury Cinemas, and a new building housing a KinderCare Learning Centers location.

The three-level parking structure will be built along Townsgate Drive, expanding an existing parking field behind the center. All of the centers current parking is in surface lots.

The parking structure will have about 600 new parking spaces and will include top-level walkways, three pedestrian entries and landscaped trellises.

Construction is expected to begin in late 2015 and conclude in mid2017, officials said. The center will remain open during construction, and operators will be conducting consumer surveys to gather input on coming improvements.

The retail center was entitled in the mid-1980s, with city-approved plans allowing for a total of 425,000 square feet of retail and a parking structure. The center opened in 1989 at the intersection of Del Mar Heights Road and El Camino Real, and completed a $20 million renovation in 2011.

Based in Costa Mesa, Donahue Schriber is a private real estate investment trust that owns and operates 74 retail centers in five states, totaling more than 11 million square feet.

For more on this story, see the May 5 edition of the San Diego Business Journal.

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$50 Million Expansion Planned at Del Mar Highlands Town Center

Bangalore has been ranked 31st among the global cities actively adding shopping centre space in 2014, according to the latest Global Viewpoint from CBRE Research.

According to CBRE research, New Delhi is ranked 21st, Hyderabad 23rd, and Bangalore 31st, among the global cities with the maximum shopping centre space under construction in 2014.

India continues to see a wave of new shopping centre development despite some developers pushing back completion dates due to the financing issues.

Around 500,000 sq m of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India NOIDA (204,385 sq m) and Logix City Center Mall (111,483 sq m), are both located in Noida. Among tier II cities in India, Hyderabad is the most active market with a supply pipeline (483,000 sq m) presently three times greater than its existing stock. Buoyant occupier demand is pushing for a strong development pipeline in New Delhi with 500,000 sq m of new retail space presently under construction.

Globally, a total of 39 million sq m of shopping centre space is presently under construction across the major cities, representing a 3 million sq m increase from 2013, according to the report. Most of this development activity for shopping centre space around the world is focused in China. According to the report, over half of the shopping centre space under construction in the 180 countries surveyed is taking place within China's borders. Shanghai takes the first position with 3.3 million sq m of space under construction - more than the combined total of all 86 European cities, excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq m, followed by Shenzhen and Tianjin with 2.7 million sq m and 2.5 million sq m under construction, respectively.

Commenting on the findings of the report, Anshuman Magazine, CMD, CBRE, South Asia Pvt Ltd, said: "Strong economic growth in many Asian markets has been attracting an increasing number of cross-border retailers. Though China remains by far the most active market for shopping centre development, the tier I and II cities of India are also among the most active globally."

He added, "Unfortunately, however, there continues to exist a dearth of quality shopping space in many of our market places. Along with the large-scale urbanization of our leading cities and a burgeoning middle class population, it is this that has been driving shopping center development forward."

"The scale of new development in Asia and China in particular is staggering but there are a number of quite understandable factors behind it. The most reported is economic growth, which continues although now with some signs of slowing down. In addition, Chinese cities, and many others in Asia, present a physical environment that lends itself to environment-controlled shopping centres. Outdoor shopping can be too hot, too humid, too cold, too wet, too unsafe or too dirty and polluted - modern shopping centres are none of these when managed properly," said Sebastian Skiff, Executive Director of CBRE Retail.

Kuala Lumpur in Malaysia falls just outside the top 10 coming in as the 11th most active market globally. Southeast Asia has 3.3 million sq m under construction and nearly 40 per cent of this is located in the Malaysian city. In Vietnam, Ho Chi Minh City and Hanoi have also seen a large number of new developments in suburban areas and are seeing strong leasing demand from retailers attracted by lower rents and the lower-to-mid income residences nearby.

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Bangalore ranked no. 31 globally in shopping centre space

Traditionally North Texas has been one of the country's fastest growing retail development markets because, well, we love to shop.

But the last few years, that's not been so much.

The recession hit the shopping center development market harder than probably any commercial building sector and it's been slower to come back than, say, the apartment market where building is booming.

So that's why it's such a surprise to see a new study by CBRE Group that shows that the Dallas-Fort Worth area is the top retail construction market in the country.

About 2.6 million square feet of shopping, retail and entertainment space was under construction here at the start of the year, the commercial real estate firm reports.

That's slightly more than Las Vegas and New York City, the number two and three building markets on their list.

Of course retail construction in North Texas is less than half of what it was back in the early 2000s when so many large shopping center projects were under construction.

But current additions of new supermarkets, restaurants, theaters and such add up to a fair amount of new space. And renovations of older centers including Turtle Creek Village in Dallas and Plaza on the Parkway in Addison are included in the mix.

Plus, CBRE Group estimates that about 97 percent of what's being built in the D-FW area is already leased.

While the U.S. arguably invented the shopping center, these days we are lagging behind in the worldwide push to add more places for people to spend their money.

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New report: D-FW top U.S. market for shopping and retail construction

Heavy equipment moves earth April 18 to make way for The Meadows at Platte Canyon in Littleton. Evergreen Developments has broken ground on the 250-unit apartment complex that will include some additional retail. (Seth McConnell, YourHub)

A once-controversial development at South Platte Canyon Road and West Mineral Avenue is now under construction and will bring 250 apartment units and four retail businesses to Littleton.

The Meadows at Platte Canyon project broke ground the week of April 7 and, according to Evergreen Development construction manager Ron Wolford, it should be complete by June 2015, with some units ready by February.

Evergreen Development owns the property.

"Units will be ready in about 10 months," Wolford said.

Heavy equipment preps the site of the new apartment complex, The Meadows at Platte Canyon, in Littleton on April 18. A 250-unit apartment complex will include some additional retail will occupy the long-vacant acreage at the southeast corner of West Mineral Avenue and South Platte Canyon Road. (Seth McConnell, YourHub)

The apartments will be equipped with garages, but there will also be a parking lot on the site. Rand Construction is contracted to do the building and the architect is Kephart.

In addition to the 250 apartments, there will be a 10,000-square-foot retail facility that will house four businesses.

No business is yet under contract for any of the four units, but a deal with Dunkin' Donuts is all but finalized.

"We're almost done with a lease with a national doughnut chain, and it's not Krispy Kreme," joked Ken Gatt, leasing manager with Evergreen Development.

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Littleton apartment-retail complex under construction

Friday, April 25, 2014

China, especially Shanghai, has the largest amount of shopping area under construction in the world, a survey by international property consultants CBRE has found.

In fact, eight out of the top 10 most active cities are in China, it said yesterday. CBRE surveyed 180 countries. About 9.8 million square meters of new retail space were opened in 2013 globally and a further 39 million sq m was under construction.

Shanghai took the lead by having 3.3 million sq m under construction as of January 31, 2014.

Chengdu ranked second with 3.2 million sq m, followed by Shenzhen and Tianjin which have 2.7 million sq m and 2.5 million sq m under construction respectively.

Kuala Lumpur is just outside the top 10 while Hong Kong's ranking is also low, with less than 400,000 sq m.

CBRE Retail executive director Sebastian Skiff said the scale of new development in Asia and China is staggering.

"Chinese economic growth has some signs of slowing down and mainland cities present a physical environment that lends itself to environment-controlled shopping centers," he said.

KAREN CHIU

Originally posted here:
China a mall monster

Chicago, IL (PRWEB) April 23, 2014

Construct-A-Lead, the Construction industrys most comprehensive construction lead service, reported today that the following East Coast-based multi-family construction projects will have the necessary approvals and will go forward. Businesses will have ample opportunities to provide construction bids and other services relative to these projects. Those interested parties are encouraged to visit construct-a-lead.com and reference the Project ID listed below to obtain direct contact information for each construction lead:

Washington, DC - 11M new construction - Plans call for the new construction of an 80-unit condominium building with 20 parking spaces. Construction start: Q4, 2014, Q1, 2015, estimated. $15,000,000 Project ID: 1326947

Philadelphia, PA 19th and Chestnut - Plans call for the new construction of a 26-story tower that would have 110 apartment units, with two floors of retail. Construction start: Q1, Q2, 2015, estimated, $22,000,000. Project ID: 1327521

Bronx, NY - New Roads Plaza Plans call for the new construction of a 77,000 SF building with 95 units of affordable housing. Construction start: Fall, 2014. $28,700,000 Project ID: 1327535

Boston, MA 900 Beacon St Plans call for the demolition of the Elephant Walk Restaurant and the new construction of a five-story, 38,950-square-foot, mixed-use building with 32 one-bedroom apartments, parking, and 4,470 square feet of ground-floor retail space. Construction start: Q2, Q3 2015. $16,000,000 Project ID: 1327426

Jersey City, NJ - Butler Brothers Warehouse Plans call for the renovation of the 500,000 SF former warehouse building as a 377-unit residential building with retail, artist studio/gallery and parking. Construction start: Q4, 2014, Q1, 2015, estimated. $90,000,000 Project ID: 1327341

Norwalk, CT Norwalk - new apartments #1 - Plans call for a new 127 unit apartment complex. Construction start: Q3, Q4 2014. $15,000,000 Project ID: 1327327

Baltimore, MD 10 North Calvert Street - Plans call for the conversion of a historic Baltimore office into apartments including 25,000 square feet of retail. Construction start: Q4, 2014, $32,000,000. Project ID: 1327564

New York, NY 532 West 30th Street Plans call for the demolition of the seven-story, 15,447-square-foot, 94-year-old existing structure already on the site and the new construction of a 189 unit, 300,000-square-foot rental property. Construction start: Q4, 2014, Q1, 2015, estimated. $90,000,000 Project ID: 1327351

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Construct-A-Lead Reported Today That the Following East Coast-Based Multi-family Construction Projects Will Have the ...

Globally, a total of 39 million sq. m. of shopping center space is currently under construction across the worlds major cities, representing a three million sq. m. increase from 2013, according to the latest Global Viewpoint from CBRE Research. Most of this development activity for shopping center space around the world is focused in China. According to the report, more than half of the shopping center space under construction in the 180 countries surveyed is taking place within Chinas borders.

Shanghai takes first position with 3.3 million sq. m. of space under constructionmore than the combined total of all 86 European cities excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq. m., followed by Shenzhen and Tianjin with 2..7 million sq. m. and 2.5 million sq. m. under construction, respectively.

India continues to see a wave of new shopping center development despite some developers pushing back completion dates due to financing issues. Around 500,000 sq. m. of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India NOIDA (204,385 sq. m.) and Logix City Center Mall (111,483 sq. m.), are both located in Noida. Among tier II cities in India, Hyderabad is the most active market with a current supply pipeline (483,000 sq. m.) three times greater than its existing stock.

Buoyant occupier demand is pushing a strong development pipeline in New Delhi with 500,000 sq. m. of new retail space currently under construction.

Commenting on the findings of the report, Mr. Anshuman Magazine, Chairman and Managing Director of CBRE, South Asia Pvt. Ltd. said, Strong economic growth in many Asian markets has been attracting an increasing number of cross-border retailers. Even though China remains by far the most active market for shopping center development, the tier I and II cities of India are also among the most active globally. Unfortunately, however, there continues to exist a dearth of quality shopping space in many of our market places. Along with the large-scale urbanization of our leading cities and a burgeoning middle class population, it is this that has been driving shopping center development forward.

According to CBRE research, New Delhi is ranked #21, Hyderabad #23, and Bangalore #31, among global cities with the maximum shopping center space under construction in 2014.

The scale of new development in Asia and China in particular is staggering but there are a number of quite understandable factors behind it. The most reported is economic growth, which continues, although now with some signs of slowing down. In addition, Chinese cities, and many others in Asia, present a physical environment that lends itself to environment controlled shopping centers. Outdoor shopping can be too hot, too humid, too cold, too wet, too unsafe or too dirty and pollutedmodern shopping centers are none of these when managed properly, said Sebastian Skiff, Executive Director of CBRE Retail.

Kuala Lumpur in Malaysia falls just outside the top ten coming in as the 11th most active market globally. Southeast Asia has 3.3 million sq. m. under construction and nearly 40% of this is located in the Malaysian city. In Vietnam, Ho Chi Minh City and Hanoi have also seen a large number of new developments in suburban areas and are seeing strong leasing demand from retailers attracted by lower rents and the lower-to-mid income residences nearby.

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Indias tier I & II cities most active markets globallyfor shopping center development

WEST CHESTER TWP.

There are new plans in the works to build a mixed-use residential, office and retail development in Butler County, this time along Union Centre Boulevard in West Chester Twp.

A developer specializing in Class A luxury, mixed-use projects has plans to build more than 250 multi-family units, 100,000-square-feet of office space, 20,000-square-feet of retail space and a 406-space parking garage in West Chester Twp. near the intersection of Union Center Boulevard and Centre Pointe Drive. Thats according to plans calling for multiple buildings to be constructed that was submitted to the township in March for requesting a property zoning change.

The Square, as the development is being called, is described as resort-style living by developers Anderson Birkla Investment Partners LLC, based in Indianapolis, Ind. The project would provide housing for workers at adjacent employers, with work offices, restaurants and other amenities in walking distance, the developer told the township.

The Square is different from other communities, as it delivers a living and working experience that introduces a new concept and new lifestyle defined by service, reads a description of the project submitted to the local government.

Residents and visitors of The Square will enjoy an amenity package not currently found in West Chester, such as maid services, dry cleaning and a swimming pool among other amenities.

Plans are still early, and the company is still conducting due diligence for the project, said Anthony Birkla, one of the developers principals.

We tabled our development at the Butler County planning commission for us to resolve some issues regarding the plan, Birkla said.

If everything moves forward, the residential, retail and office development would help fulfill the townships plans in place since 1990 for a walkable, liveable downtown community, said township spokeswoman Barb Wilson.

The new community being proposed will bring necessary critical mass to West Chesters downtown, completing the urban setting and guaranteeing the viability of downtown retail and commercial services and amenities, Wilson said.

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New development proposed for West Chester calls for luxury apartments

When Harald Huth bought the former Wertheim department store site in central Berlin, he planned to build a mall with 200 shops for about 400 million euros ($550 million). Three years and almost 1 billion euros later, hes set to open Germanys biggest shopping center, with 270 stores.

The developers growing ambitions reflect Berlins emergence as a shopping destination faster than new stores can be built. Retail rents in the capital climbed the most among Germanys big cities last year, driven by a surge in tourism and a growing population.

In the past 10 years, Berlin has developed excellently, Huth, 45, said in a telephone interview. The tenant demand we received gave me confidence that the project could be bigger.

Germanys biggest metropolis has been something of an emerging market in the decades of rebuilding that followed the fall of the Berlin Wall in 1989. Though Berliners incomes are still lower than the national average, the city is beginning to attract brands like Apple Inc. (AAPL) and Forever 21, which opened their first stores there last year.

Frankfurt and Munich and Hamburg are wealthier, but Berlin is on the ascendancy, said John Bason, chief financial officer at Associated British Foods Plc (ABF), the London-based company thats preparing to open its second Primark discount clothing store in Berlin. There are many, many consumers within the catchment area of Berlin, by far enough to give us crowded stores.

Berlin retail sales adjusted for inflation climbed 5.8 percent last year, according to the citys statistics office, compared with a rise of just 0.1 percent in Germany as a whole.

Retailers are drawn by the citys growth and emergence as one of Europes most visited cities, said Ruediger Thraene, head of Berlin at broker Jones Lang LaSalle Inc. (JLL)

Its been a lot more noticeable in the past two or three years that international labels want to open shops in Berlin, Thraene said. Berlin was a fashion hotspot in the 1920s and 1930s, but since the fall of the Wall a lot has had to happen for it to be in that position again.

Berlins reputation as a fashion destination has been burnished by the semi-annual Berlin Fashion Week trade show, which the government began organizing in 2007.

Berlins population has climbed 3 percent since 2005 to 3.4 million, about double that of second-placed Hamburg, and the government expects another 7 percent rise by 2030. The city had 11.3 million visitors last year, 50 percent more than in 2007, according to the Berlin Trade Federation. Visitors accounted for about a quarter of all retail spending, the Federation said.

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Berlin Mega-Mall Shows Surging Retail Need: Real Estate

Sandwich Commons- click here for marketing information

Description: Commercial lots: 1.41+/- acres and 0.94+/- acres, located on the south side of U.S. Route 34 in Sandwich, Illinois

Price: $99,000 for Lot 2, $39,000 for Lot 5, $125,000 for both lots combined

Zoning: B-3 Service, Automotive, and Wholesale Business District in the City of Sandwich

Two commercial lots, lots 2 (1.41+/- acres) and 5 (0.94+/- acres), on the south side of U.S. Route 34 in the Sandwich Commons development on the far east end of Sandwich, Illinois. The lots, which have direct frontage on Route 34 (average daily traffic of 12,400 vehicles), are ideal for small retail stores & services, restaurants, gas stations, banks, day care centers, automotive service centers, and professional and medical offices. The lots have been annexed, subdivided, and zoned for commercial. The lots are finished, graded, and have all utilities available. The Route 34 corridor is already home to Walmart, Rural King, Walgreens, a seven-screen cinema, hotel/conference center, car dealerships, restaurants, banks, gas stations, and hardware stores, as well as several big-box stores just to the east in Yorkville. Conveniently located equi-distant from Plano (10,856) and Sandwich (7,421), and also serving Somonauk (1,893), Lake Holiday (4,761), Sheridan (2,137), and surrounding areas. Nearby points of interest include fairgrounds, hospital, Amtrak, manufacturing and distribution centers, historic homes, and recreational areas.Read the rest of this entry

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