The Cheese Course restaurant is adding a location in Plantation, the South Florida Business Journal reported. [more]
Posts Tagged ‘mizner park’
The Mizner Park mall in Boca Raton has added the Sur La Table cooking school as a tenant, according to Broward Palm Beach New Times. The Seattle-based kitchenware store and cooking company is located at 438 Plaza Real in Boca Raton. The Mizner branch follows another outpost in Coconut Creek. Sur La Table is set to open next month. Mizner Park has added a number of new tenants in recent months, most recently the jazz-themed restaurant JAZZIZ. [Broward Palm Beach New Times]
Boca Raton and Hallandale Beach are both slated to get new large-scale luxury movie theaters, the Miami Herald reported. A new iPic Entertainment theater will open later this year in Boca Raton, and Hallandale’s Village at Gulfstream Park will launch a new facility by December. The iPic theater will include a restaurant and bar, and the Hallandale location will feature its own nightclub. [more]
Retail chain Lord & Taylor will be opening a location in Boca Raton’s Mizner Park, according to a company spokesperson, the South Florida Business Journal reported. The store may be filling the space vacated by furniture chain Robb & Stucky, sources say. Robb & Stucky filed for bankruptcy protection earlier this year. [more]
New York-based retail chain Lord & Taylor is gearing up to open three new stores in the next year, the New York Post reported. New locations will include an 80,000-square-foot store at Ridge Hill, a lifestyle center in Yonkers,a 120,000-square-foot store in Rockingham, NH, and an 80,000-square-foot store in Boca Raton, Fla., at Mizner Park.
The move to open more stores comes as a surprise since Lord & Taylor’s owner, Canada-based Hudson’s Bay Co., called off plans earlier this month to launch an initial public offering on the Toronto Stock Exchange.
While Hudson’s Bay isn’t in any financial difficulties, its owner and chairman, Richard Baker — a New York real estate mogul who purchased Lord & Taylor as a property investment is eager to launch the IPO next year, the Post said. 1 Comment
Despite being the second high-profile bankruptcy to impact the region this year, brokers said the Robb & Stucky filing would have a small impact on the commercial retail market. Florida retailer Robb & Stucky, which filed for Chapter 11 protection earlier this year, will eventually leave several large swathes of South Florida retail empty. But in a stronger retail market that recently got a jumpstart from the entry of electronics retailer hhgregg, that impact may not be significant.
Boca Raton’s Mizner Park Cinema has shuttered for a renovation and retrofit project and will reopen in the fall, owner General Growth Properties told the Palm Beach Post. The theater’s operations were most recently in the hands of Frank Theatres, which took over from Sunrise Cinemas after it was hit with an eviction lawsuit in March for over $90,000 in allegedly overdue rent payments. Mizner Park’s general manager said the theater closed at the end of December. [Palm Beach Post]
German grocer ALDI is set to opened its third South Florida store yesterday in Pembroke Pines, following the opening of two other locations last month in Deerfield Beach and Lauderdale Lakes, one of several retailers setting up shop in South Florida in time for the holiday season. The Sur La Table store opens at the Aventura Mall, and Officine Panerai and Kreiss Furniture opened in Mizner Park in Boca Raton last month as well. The Mizner Park location of Offiicine, the Italian watchmaker, is its largest American showroom. Boca Raton’s Commons at Town Center also saw three new shop openings, including Prime Cigar and Jamie’s Boutique, a women’s clothing store. [Sun Sentinel] [more]
General Growth Properties, owner of Mizner Park mall in Boca Raton, will file its Chapter 11 reorganization plan on or around July 9, Crain’s reported. General Growth asked for one extension until Oct. 18 to file the plan and another extension until Dec. 16 to solicit acceptances of any plan. The extra time would allow them to explore all financing options. The company, which also owns about 200 shopping malls nationwide, filed for Chapter 11 last April, the biggest real estate bankruptcy case in U.S. history. [Crain's]
Still hoping that bankrupt mall owner General Growth Properties will have a change of heart, rival Simon Property Group has upped its takeover plan by $1.1 billion and added four financial backers to its proposal. General Growth, which balked at Simon’s $10 billion February buyout offer, has since backed a proposal by Brookfield Asset Management. The additional investment by Simon, which said last week it would match the terms of Brookfield’s proposal, comes on top of the $2.5 billion the company has already pledged, plus $1 billion from New York hedge fund Paulson & Co. ING Clarion Real Estate Securities, Taconic Capital Advisors, Oak Hill Advisors and Deutsche Bank AG’s RREEF unit will also join the plan. Critics have said a Simon takeover would raise antitrust issues. “Would Pepsi allow Coke to become its largest shareholder?” asked Cryus Madon, Brookfield’s senior managing partner. CEO David Simon is reportedly scheduled to meet with General Growth officials today in Chicago. [Bloomberg]