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Tommy Bahama Home Store opens at Market Street Jan. 16

THE WOODLANDS, TX – Tommy Bahama Home will open its doors at Market Street Saturday, January 16th in a beautifully displayed 10,000 square-foot showroom adjacent to the Hyatt Centric hotel.
The iconic Tommy Bahama brand, known for its relaxed take on casual elegance, has both a retail store and restaurant in Market Street. The new home store will offer indoor and outdoor home furnishings and distinctive home décor. While Tommy Bahama operates over 160 retail stores and 17 restaurants in the US, the Market Street location will be just the third location nationally for the home store concept. The other showrooms are in Newport Beach and Austin. ....

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Macy's opens its new concept store in Fort Worth

Macy’s opening its new concept store in Fort Worth
The first Market by Macy’s opened in Southlake Town Square just before the pandemic began. The Fort Worth store only the second in the U.S. opens Friday.
Macy’s will open its second Market by Macy’s on Friday in a walkable center in Fort Worth’s University District that has a view of Trinity Trails.
The 20,000-square-foot boutique version of the department store is in WestBend, a development on the Trinity River that includes two office buildings and 95,000 square feet of stores and restaurants.
The new store is opening as the retailer said last week that it’s closing 45 department stores, including two local stores in Lewisville and Denton. Market by Macy’s is part of the company’s “off-mall” strategy to be more convenient to neighborhoods and attract new customers. ....

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13 Must Reads for the CRE Industry Today (Jan. 14, 2021)

13 Must Reads for the CRE Industry Today (Jan. 14, 2021)
New research suggests that the COVID-19 economic crisis will cause twice as much homelessness as the Great Recession, reports Marketwatch. Dollar General announced that it will pay its employees to get vaccinated against COVID-19, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
COVID-19 will cause twice as much homelessness as Great Recession, researchers say “Over the next four years, the COVID-19-related recession is expected to cause chronic homelessness to increase some 49% nationwide, according to new research from the Economic Roundtable, a non-profit urban research organization based in California. The homelessness crisis is expected to peak in 2023, researchers found, with an additional 603,000 working-age adults without a place of their own to sleep.” ( ....

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Brookfield Hands 1.3M SF Georgia Mall Back To Lender

The Von Maur anchor at North Point Mall in the affluent North Fulton County community in Atlanta.
Brookfield Property Partners has transferred the deed to the 1.3M SF North Point Mall to its lender, New York Life Insurance Co. New York Life has tapped Trademark Property Co. to manage and operate the mall and take over plans to redevelop it.
“This is a new beginning for this property,” Trademark Property Co. Chief Investment Officer Tommy Miller told
Bisnow. “North Point is a last-generation enclosed mall. But great fundamental real estate.”
Brookfield acquired the mall when it purchased mall owner General Growth Properties in 2018. A spokesperson for New York Life confirmed that it had taken back the title to the mall, but declined to comment further. ....

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