- The Washington Times - Sunday, December 7, 2003

Prince Georges Plaza is getting a boost with a new Target store, more speciality retail space and $6 million in renovations.

The 744,000-square-foot Hyattsville mall will add a 136,000-square-foot Target by the fourth quarter of next year. Target will occupy the space previously leased to G.C. Murphy, which has been vacant since 1999. The 20-year lease will generate $300,000 in annual rent, mall officials said.

“Target promises to be a valuable asset to Prince Georges Plaza,” said Joseph Coradino, executive vice president of the retail division at Pennsylvania Real Estate Investment Trust, which owns the 44-year-old mall. “Not only will Target help attract additional leading national retailers to Prince Georges Plaza, we anticipate it will significantly boost customer traffic and sales.”

The mall’s owner also plans to redevelop an additional 74,000 square feet of space for specialty retail on the ground level under Target. Those stores have not yet been named.

Mall officials say the center will undergo a $6 million renovation, including new floors, lighting, upgraded amenities and a new grand entrance in the rear parking lot. The improvements are expected to be complete by next fall.

Prince Georges Plaza is anchored by Hecht’s and J.C. Penney.

From steak to seafood

McCormick & Schmick’s Seafood Restaurants, based in Portland, Ore., has bought two Angelo & Maxie’s Steakhouse locations in the District and Reston.

The restaurant at Ninth and F streets in Northwest will become a McCormick & Schmick’s Seafood Restaurant and the Reston Town Center location will be transformed into the company’s steak and seafood concept M&S; Grill. Both restaurants will be converted during the first half of 2004.

The new additions make Washington McCormick & Schmick’s largest market with seven restaurants inside a 20-mile radius.

In other news …

• See’s Candies opened its holiday gift centers at eight malls in the Washington area last month. The seasonal stores will be open until Christmas. See’s Candies, based in California, has no permanent locations on the East Coast and opened 70 gift centers in 50 markets this season. The company says it brings in 50 percent of its total sales from Thanksgiving week to Christmas.

• Black Entertainment Television founder Robert L. Johnson’s development firm RLJ Development LLC and its partner Quadrangle Development Corp. have been selected as the developers of a 750-room Hilton Hotel in Baltimore. The headquarters hotel will be located across from the Baltimore Convention Center and Oriole Park at Camden Yards.

• Austin Grill opened its eighth location last week in Silver Spring. The 6,000-square-foot Tex-Mex restaurant has 205 seats and about 70 employees. The chain has locations in the District, Bethesda, Springfield, Old Town Alexandria and Baltimore.

• Red Lobster will open its newest restaurant in Silver Spring today. The 7,320-square-foot restaurant has 214 seats and 135 employees.

Donna De Marco can be reached at 202/636-4884. Retail & Hospitality runs every other Monday.


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