Tag Archives: shopping

Owner of Century Plaza files for bankruptcy

General Growth Properties (GGP) filed for Chapter 11 bankruptcy protection early this morning, as first reported by The New York Times and as announced via press release on GGP’s website. The release states that day to day operations will not be affected by the filing in New York. The New York Times’ blog post also speculates about the company looking to sell off properties to help emerge out of bankruptcy as soon as possible. It is reportedly the largest real estate bankruptcy filing in the nation’s history at $27 billion.

Birmingham’s Century Plaza is on the list of properties included in the filing. GGP also operates the Riverchase Galleria in Hoover, however it was not included in the list of properties since the company only serves as a management agent for one of Alabama’s top shopping destinations.

In February it was announced that the last anchor store at Century Plaza, Sears, had planned to close at the end of May – its already done so.

What’s coming to The Summit this fall?

Summit Phase 5 constructionAccording to a recent Bayer Properties press release (and last week’s BBJ) southeastern Birmingham’s The Summit will be opening their new Class A office space and retail stores this fall, completing phase 6 of the now more than 1 million square foot multi-use/retail development.  Construction began last July and will finish up sometime this fall, (probably before Thanksgiving according to rumors).

The new phase of construction will include 50,000 square feet of specialty retail shops including:

Juicy Couture
James Avery Jewelry
Brighton Collectibles
Gloss Denim Bar

    The accounting firm Sellers, Richardson, Holman & West, LLP will be moving into the 35,000 square feet of office space that is being constructed along with a covered parking deck with direct access to the office building and a courtyard, arbor and open air balconies with a view of the Highway 280 landscape.

    Stay tuned for more store opening dates as they are made available to us.

    Another one joins the block

    Gypsy Market - downtown Birmingham

    Gypsy Store Facade. acnatta/Flickr.

    Well, Kent Griggs finished the new Gypsy Store on 2nd Avenue North exactly when he said he was going to in an interview last month. Visitors to last weekend’s Artwalk were among the first ones to get to visit the newest store in what’s fast becoming one of the trendier sections of Birmingham, AL.

    The “upscale convenience store” is scheduled to remain open until 11 p.m. most evenings.