Eddy Street Commons Phase I consists of 170,000 square feet of retail and office space, 266 upscale apartments, 201 residential townhomes and condos, and a Fairfield Inn. ![]() Along with the hotel, which is expected to be completed in the second half of 2018, Phase II will include 406 upscale apartments, 22 residential townhomes and condos, additional retail space and a community center. The hotel will be a key component of Phase II at Eddy Street Commons, which is currently being developed in cooperation with the University of Notre Dame. ![]() We also have Parkside Town Commons in Raleigh, which is already benefiting from a 294-unit apartment complex and limited-service hotel.” “In addition to Eddy Street, we are currently pursuing residential opportunities at The Corner in Indianapolis, Courthouse Shadows in Naples, and Holly Springs Towne Center in Raleigh. “We continue to look to add these mixed-use components to further upgrade our asset quality to generate additional traffic and overall value to our retail portfolio,” said John Kite, Chief Executive Officer. In connection with this project, the joint venture entered into a 7-year loan with a floating rate at LIBOR +250bps for 24 months of construction and fixed at 5.02% for the balance of the term. The Company will own a 35% non-controlling interest in this $46 million-dollar project that was partially funded with $6.0 million in tax increment financing proceeds. 12, 2018 (GLOBE NEWSWIRE) - Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that it has entered into a joint venture to build and operate a full-service Embassy Suites hotel at its Eddy Street Commons property at the University of Notre Dame, which will be located across the street from Notre Dame Stadium. In March of 2015, Bluemercury was acquired by Macy's Inc. (NYSE:M) and currently has 160 stores nationwide.INDIANAPOLIS, Jan. Bluemercury carries a selection of luxury beauty brands in a neighborhood store where skillfully trained beauty experts offer expert, honest beauty. Bluemercury is widely recognized as the nation’s largest and fastest-growing luxury beauty and spa retail chain. As of March 31, 2018, the Company owned interests in 115 operating and redevelopment properties totaling approximately 22.5 million square feet and 2 development projects currently under construction totaling 0.7 million square feet.įor more information, please visit our website at .īluemercury was founded 1999 by Marla and Barry Beck, and is headquartered in Washington, D.C. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. ![]() We connect consumers to tenants in desirable markets through our portfolio of open-air shopping centers. Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. “It is an excellent addition to the high-quality merchandising mix and compelling shopper experience offered at Rampart Commons.” “We are thrilled to welcome Bluemercury to Las Vegas,” said Mark Jenkins, Senior Vice President of Development at Kite Realty Group Trust. Rampart Commons is located at the corner of Charleston and Rampart Boulevard in west Las Vegas, within one of the most affluent retail trade areas in the metro area. With this latest Bluemercury store, we bring luxury beauty products to the doorstep of the powerful women of Las Vegas,” said Barry Beck, COO & Co-Founder, of Bluemercury. Our mission has always been to bring luxury beauty and skincare to our clients and be the best in the world at giving beauty advice. It has been an exciting challenge to find the exact right location and presence for each new store, as we have transitioned from a best kept secret to an iconic luxury brand and household name. ![]() “We are excited to open our first Nevada store in Las Vegas and the Rampart Commons shopping center was the obvious choice for us. The redevelopment effort created an enhanced consumer experience and has introduced five first-to-market tenants. Rampart Commons recently underwent an extensive transformation as part of KRG’s 3-R (Redevelopment, Repurpose and Reposition) initiative. The luxury beauty retailer joins the lifestyle center’s dynamic tenant lineup, including Pottery Barn, Athleta, Williams-Sonoma, Redemption Fitness, Talbots, and Club Champion, along with acclaimed restaurants Honey Salt, North Italia, and Flower Child. INDIANAPOLIS, J(GLOBE NEWSWIRE) - Kite Realty Group Trust (NYSE:KRG) (“KRG”) announced today that Bluemercury has opened at Rampart Commons in Las Vegas, Nevada.
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