Simon Property Group Inc. and Calloway Real Estate Investment Trust will start construction on Toronto Premium Outlets, a 500,000-sq.-ft. outlet center in Halton Hills, Ontario.
When completed, the center will contain more than 100 outlet stores featuring upscale and designer retailers. It will create more than 500 permanent full-time and part-time jobs.
Simon and Calloway plan to open the first phase of the project in the summer of 2013.
“We already welcome large numbers of Canadian visitors to our centers in the U.S. and look forward to serving these valued shoppers closer to their home,” said President of Simon’s Premium Outlets division John R. Klein in a statement. “We see tremendous opportunity to introduce our top merchants to the Canadian market.”
Tanger Partners with Orlando Corp., RioCan for Toronto Area Outlet Center
Orlando Corp., Tanger Factory Outlets and RioCan Real Estate Investment Trust agreed to create a strategic alliance to develop designer outlet opportunities on lands within the Heartland Town Centre, a mega power center in the greater Toronto area.
The developers plan to build a 312,000-sq.-ft. factory outlet center within the 2-million-sq.-ft. Heartland Towne Centre.
“Tanger is delighted with the progress of its Canadian expansion to date, and we look forward to the opportunity to leverage the Orlando Corporation’s local expertise on this project,” said Tanger Outlets CEO Steve Tanger in a statement.
Federal Plans $13M Renovation of San Jose Mall
Federal Realty Investment Trust will rename Westgate Mall, a 645,000-sq.-ft. shopping center in San Jose, Calif., as Westgate Center and undertake a $13 million renovation of the property.
The project will include an enhanced central plaza with café tables, fountains and landscaping, a new food court, a children’s soft play area, several common areas, new flooring and lighting and exterior upgrades to monument signs, lighting and landscaping.
Federal also plans to make the center more environmentally-friendly, with low water consumption landscaping and irrigation features, low water use plumbing fixtures, locally manufactured construction materials, recycled content materials, and low VOC points, sealants and adhesives.
The company plans to start the project this summer, with completion scheduled for the summer of 2013. The center will remain open throughout the renovation.
Katz to Lease Florida Lifestyle Center
Katz & Associates has been appointed as the leasing agent for Delray Marketplace, a 258,000-sq.-ft. lifestyle center in Delray Beach, Fla. Publix and Frank Theatres anchor the property. Other tenants include Charming Charlie, Jos. A Bank, Chico’s, White House Black Market, Orange Leaf and Francesca’s Collections.
The property is scheduled to open in November 2012.
Owings Mills Completes Initial Road Work for Metro Centre at Owings Mills
Owings Mills Transit LLC is developing the Metro Centre at Owings Mills, a 45-acre mixed-use development in Owings Mills, Md. When completed, the project will contain more than 1.2 million sq. ft. of office space, 300,000 sq. ft. of retail space, 1,700 residential units, a 120,000-sq.-ft. education facility and a 250-room hotel.
The developer recently revealed a rendering depicting the project’s outdoor plaza area and completed initial curb and gutter installation and road paving for the Metro Centre at Owings Mills.
David S. Brown Enterprises LTD is managing the project.
Other Notable News
KeyPoint Partners LLC has been appointed as the leasing and management agent for Vinebrook Plaza, a 31,700-sq.-ft. shopping center in Burlington, Mass. Tenants at the center include Wendy’s, Newbury Comics, Bank of America and Supercuts.
ICSC appointed Kelley Maher as San Diego committee chair for a three-year term beginning in 2012. Maher serves as senior vice president of leasing with Madison Marquette.
Marcus & Millichap Real Estate Investment Services appointed Kirk L. Trammell as senior director of its national retail group in Palo Alto, Calif. Trammell has been with Marcus & Millichap since 1989. In the course of his career, he closed more than $1 billion in transactions.