Publix will open a new “market” store at the 12 million-square-foot, mixed-use Atlantic Station project in Atlanta. The new format, 30,312 square feet on one level, is smaller than Publix's typical prototype. The store will feature gourmet takeout, an extensive wine selection and fresh sushi to tempt urban shoppers. Atlantic Station, scheduled to open late this year, will also include Dillard's and a Regal Theatre.
John O'Rourke is the newest managing director at New York-based real estate banking firm Rockwood Realty. O'Rourke, who has worked as managing director for UBS Securities and vice president in the real estate finance and structured finance departments at Goldman Sachs, will focus on the company's investment sales, debt and equity finance and advisory services.
Downtown L.A.'s landmark Getty Oil Co. building is set to become a mix of residential and retail space, thanks to Upside Investments Inc. of Calabasas, Calif. The firm plans to invest $45 million in the property, including the conversion of its 22 levels into 260 luxury apartments and 25,000 square feet of retail. The retail space is located on the building's first two floors. The redeveloped project will be called The Wilshire at Western. Upside is in escrow to acquire the building.
Kitchell Development Co. is building Park West Place, a 700,000-square-foot community center, in Stockton, Calif. The regional center, designed by Nadel Architects, will include anchors Target, Kohl's, Babies ‘R’ Us and Bed Bath & Beyond. Park West Place is adjacent to a planned 4,000-unit residential community and a 200-acre business park.
Jim Wilson & Associates and Cousins Properties are developing Carriage Crossing at Collierville in Memphis, Tenn. The 810,000-square-foot, Main Street-style project will surround a 220,550-square-foot and will open in fall 2004. Dillard's and Parisian will anchor the project.
Brodyco and Zimmer Development are building the $200 million Mayfaire Town Center, a 700,000-square-foot Main Street regional center. Set to open in March 2004, the center will be anchored by Barnes & Noble, Hecht's, Talbots and Williams-Sonoma.
Sutton Boca One Developer has begun construction on The Reserve, a 144,000-square-foot lifestyle center in Boca Raton, Fla. Publix will anchor the center, which will include a variety of restaurants, two bank branches and a men's barbershop with flat-screen TVs for stock and sports enthusiasts. Opening is slated for January 2004.
Kevin Holland is the new director of acquisitions for Miami-based Equity One's Texas portfolio. A former acquisitions manager for Weingarten Realty Investors, Holland will seek stabilized market-dominant grocery-anchored centers for the REIT, and pursue redevelopment opportunities for its 33 retail properties, totaling more than 3 million square feet in Texas.
Charlotte, N.C.-based Crosland Retail appointed Diane Ballard director of property management. Ballard is the former director of leasing for Inland Retail Real Estate Trust.
Creekstone Cos., based in Houston, expects to begin construction in September on lifestyle center Towne Center at Cedar Lodge. The Baton Rouge mixed-use development will include apartments and 440,400 square feet of retail and office space with a blend of local, regional and national tenants. It's being built on 48 acres of land that was part of a family plantation.