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October 16, 2008
Forest City in the News
MarketWatch, PRESS RELEASE: Forest City Celebrates Grand Opening of The Shops at White Oak Village
Buried in this press release about the opening of a Forest City mall in Virginia is some developer pillow talk:
"The Shops at White Oak Village will serve an attractive and underserved market in eastern Henrico County and offers a unique combination of power center and lifestyle center sensibilities," said Charles A. Ratner, Forest City president and chief executive officer.
CoStar Group, Forest City's The Shoppes at White Oak Village Now Open
Here are some interesting details about the White Oak Village mall:
The center is a redevelopment project. The 136-acre site was once home to a Viasystems manufacturing plan. Throughout the construction process, Forest City said 77,000 tons of concrete were crushed on site and re-used for foundations, sidewalks, and structural support for The Shops at White Oak Village and added that 7,500 tons of aluminum, steel, iron, copper, and other ferrous and non-ferrous metals were also recycled.
Anchors tenants include Circuit City, JC Penney, Lowe's, Sam's Club and Ukrop's. Restaurants include Red Lobster, Longhorn Steakhouse, Qdoba Mexican Grill, McDonald's, TGI Friday's, Tropical Smoothie, Firehouse Subs, Cracker Barrel, Chick-Fil-A, and Red 88 Buffet. Other tenants include 7-Eleven, Anna's Linens, Ashley Stewart, AT&T, Bath & Body Works, DEB Shops, Diamond Expressions, Dots, Downtown Locker Room, dressbarn, Five Below, Floor to Ceiling, Freemans, GameStop, Great Clips, Kay Jewelers, Lee Spa Nails, Lim's Menswear, Mattress Warehouse, OfficeMax, Payless ShoeSource, Pure Vision 20/20, Rack Room Shoes, Rainbow, Shoe City, Sports Zone, T-Mobile, and Wachovia.
CoStar Group, Will New Initiative to Develop Zero-Net Energy Buildings End Before it Even Begins?
Tough economic times might put the kibbosh on the Department of Energy's Zero-Net Energy Commercial Building Initiative, even before the public-private initiative has a chance to really get started.
The real estate companies involved in the program are CB Richard Ellis, Forest City Enterprises, Hines, InterContinental Hotels Group, The Opus Group, ProLogis, Regency Centers, Ryan Companies US, Simon Property Group, Tishman Speyer and The Westfield Group.
Pittsburgh Post-Gazette, Hooters closes at Station Square to make room for sports bar
After nearly 16 years at Station Square, Hooters restaurant has closed its doors.
The restaurant shut down Sunday after Station Square owner, Forest City Enterprises, exercised an option to terminate the lease.
Forest City plans to replace Hooters with Field House, a sports bar. Tom Schneck II, a Forest City spokesman at Station Square, said Field House will open next year, but did not have an exact date.
Posted by lumi at October 16, 2008 5:17 AM