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New Construction
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New ConstructionDLC Management Corporation began the redevelopment of Levittown Mall, a 600,000 sq.ft. open-air mall located in Tullytown, PA last month. The company filed plans with the borough to demolish the existing structures and build a 500,000 sq.ft. power center located at the intersection of Levittown Parkway and U.S. Route 13. Space is available. For more information, contact Michael Cohen at 914-631-3131, Email mcohen@dlcmgmt.com
NAI Capital Commercial is developing a 70,000 sq.ft. shopping center located at the northeast corner of Crenshaw Boulevard and Coliseum in Los Angeles, CA. Space is available. The site formerly housed Holiday Bowl and Majestic Pontiac and sits across from newly-open Sav-On and Pep Boys. Ralph’s, Albertson’s, Sally Beauty, Hollywood Video, Subway, Blockbuster and Krispy Kreme operate nearby. The average daily traffic count is 60,000 cars. The site features 425 feet of frontage along Crenshaw Boulevard. Demographics show a population of 382,767 residing within three miles earning $45,958 as the household income. For more information, contact Liz Evans or Mark Rantfle at 818-905-2400.
Malcolm Riley & Associates and The Carver Companies are developing Desert Gateway, a 644,418 sq.ft., 70-acre power center located at the intersection of Interstate 10 Freeway and Monterey Avenue located in Palm Desert, CA. Anchors include Kmart and Sam’s Club. Spaces of 38,000 sq.ft., 30,000 sq.ft. as well as several pad sites are available. Demographics show a trade area population of almost 300,000. A Spring 2002 opening is planned. For more information, contact Brent Howell (310-516-2401) or Maggie Montez (760-341-2272) of CB Richard Ellis.
Audubon Land Development Corporation is developing Oaks Shopping Center, a 90,000 sq.ft., 11-acre shopping center located at the intersection of Black Rock and Egyptian Roads in Oaks, PA. Groundbreaking occurred this Fall. Spaces of 53,150 sq.ft., 15,000 sq.ft., 14,000 sq.ft. and pad sites of 5,000 sq.ft. and 4,000 sq.ft. are available. Demographics show a population of 141,392 residing within five miles earning approximately $40,000 as median household income. For more information, contact 610-631-0670, Fax 610-631-1953.
Goldberg Property Associates is developing Pioneer Hills, a 534,000 sq.ft., 124-acre shopping center located at the intersection of Chambers Road and Parker Road in Aurora, CO. Anchors include Wal*Mart Supercenter and Home Depot. Demographics show a population of 186,579 residing within five miles earning $65,061 as the median household income. The average daily traffic count is 66,600 cars. An opening is projected for the first quarter of 2001. The company is also developing Mulberry and Lemay Crossings, a 339,072 sq.ft., 42-acre shopping center located on the northeast corner of Mulberry Street and South Lemay Avenue in Fort Collins, CO. Anchors include Wal*Mart Supercenter. Demographics include a population of 130,047 residing within five miles earning $37,753 as median household income. The average daily traffic count is 32,900 cars. An opening is slated for the first quarter of 2001. Goldberg Property Associates is also developing Parker Pavilions, a 468,200 sq.ft., 56-acre shopping center located at the northeast corner of Parker Road and Hilltop Road/Twenty Mile Road in Parker, CO. Space is available. An opening during the first quarter of 2001 is planned. Demographics show a population of 46,732 residing within five miles earning $66,192 as the median household income. The average daily traffic count is 35,400 cars. For more information, contact Scott Steputis or Todd Ream at 303-759-8000, Fax 303-863-0275, Web site www.goldbergproperties.com
M&H Realty Partners is redeveloping Esplanade Mall, a 650,000 sq.ft. mall located in Oxnard, CA into a 490,000 sq.ft. outdoor shopping center. Anchors include Cost Plus, T.J. Maxx, Nordstrom Rack, Bed Bath & Beyond, Borders Books & Music, Old Navy, Party America and Staples. Space is available. For more information, contact 415-693-9000
Location Realty plans to break ground on Kinko’s Plaza located at the intersection of Washington Avenue and Blakeslee Street in North Haven, CT in the coming weeks. Anchors include CVS, Kinko’s and a Denny’s Classic Diner. The site is immediately adjacent to Interstate 91 at exit 12. There is 4,800 sq.ft. available. For more information, contact Michael O’Brien at 860-344-0001.
Wyatt Development Co. Inc. is developing a 240,604 sq.ft., 31.26-acre project located at the confluence of Raleigh Highway, Tower Road and Kennedy Road in Thomasville, NC. Space is available. Demographics show a population of 41,812 residing within five miles earning $41,964 as the average income. The company is also developing a 155,621 sq.ft., 24.81-acre project located at the intersection of U.S. Highway 501 and Weeks Road in Roxboro, NC. Space is available. Demographics show a population of 22,928 residing within seven miles earning $44,812 as the average income. For more information, contact 803-649-3975.
CB Richard Ellis is developing The Colonies Crossroads, a 95-acre freeway-oriented commercial development with six distinct retail properties measuring two to 40 acres located at the intersection of Foothill (210) Freeway and Campus Avenue in Upland, CA. Power, neighborhood, entertainment and convenience center opportunities are available. Demographics show a population of 668,041 residing within 10 miles earning $59,310 as the household income. For more information, contact Tom Swieca at 909-418-2027, Cathleen Rose at 909-418-2022, Tony Archer at 909-418-2028 or Bill Thomas at 909-418-2058.
Developers Diversified Realty is developing University Town Center, a 448,125 sq.ft., 55-acre power center located at the southwest corner of State Routes 43 and 261 in Kent, OH. Space is available. Demographics show a population of 351,549 residing within 10 miles earning $52,694 as the average income. A 2001 opening is planned. The company is also developing Town Center Shoppes, a 200,000 sq.ft. project located at the northeast corner of Long Grove Road and Rand Road (U.S. Highway 12) in Kildeer, IL. Space is available. Demographics show a population of 619,397 residing within 10 miles earning $113,556 as the household income. DDR is joint venturing with Hamilton Partners, Inc. in the development of this center. For more information, contact 216-755-5500, Fax 216-755-1500.
Macerich Co. is developing Great Falls Marketplace, a power center located in Great Falls, MT. Anchors include a 115,000 sq.ft. Home Depot, Petco and OfficeMax while other tenants include Barnes & Noble, Smith’s Food & Drug and Pier 1 Imports. Additionally, a 21,300 sq.ft. Michael’s Arts & Crafts is expected to open during the first quarter of 2001. Space is available. For more information, contact Steve Yeager at 303-444-6165.
Wynnewood Development is developing The Shoppes at Brinton Lake, a 160,000 sq.ft. lifestyle center located at the intersection of Route 1 and Brinton Lake Road in Delaware County, PA. Space is available. Tenants include Zagara’s Gourmet Grocer, Border’s Books, Organized Living, Pottery Barn, Williams Sonoma, J. Crew, Talbots, Talbots Petites, Eddie Bauer, Platypus, Victoria’s Secret, Ann Taylor Loft, Chico’s and Pier 1 Imports. A March 2001 opening is planned. For more information on leasing, contact Michael Salove of Michael Salove Company at 610-664-8100.
Konover Property Management Services is currently pre-leasing Newburgh Towne Center, a 157,000 sq.ft. power center project located at the confluence of Interstates 84 and 87 and Route 300 in Newburgh, NY. Spaces of 24,000 sq.ft. 30,000 sq.ft., 30,612 sq.ft. and 5,300 sq.ft. are available. Anchors include Stop n’ Shop. Phase I is already complete with Stop n’ Shop and Warwick Savings Bank as tenants. Construction on Phase II will begin during Summer 2001, while a Spring 2002 opening is slated. Demographics show a population of 185,000 residing within 10 miles earning $53,875 as the household income. Sears, Bon Ton and Old Navy operate nearby. For more information, contact Marl Hernon at 800-794-9939, Fax 860-284-1176.
Duke Weeks is developing 192,000 sq.ft. of retail space at the company’s Meridian Business Park located in the western suburbs of Chicago, IL. The project includes 66,000 sq.ft. of shop space and a ground lease by Lowe’s for a 128,000 sq.ft. home improvement store. Space is available. For more information, contact Thomas Peck at 317-808-6168.
LandGrant Development is developing Winchester Square, a 133,400 sq.ft. shopping center located at the intersection of Highway 79 North (Winchester Road) and Murrieta Hot Springs Road in Temecula, CA. Space is available. Demographics show a population of 77,148 residing within five miles earning $49,504 as the household income. The project is located within two miles of two residential communities. A Spring 2002 opening is projected. For more information, contact Jeff Morris or Bill Herrington at 858-481-0094, Fax 858-481-3108.
Lundin Development Co. is developing La Quinta Shopping Center, a 104,781 sq.ft. shopping center located at the intersection of Jefferson and 50th Avenue in La Quinta, CA. Anchors include Albertson’s. Spaces totaling 18,000 sq.ft. (in-line) are available, as is a 2,200 sq.ft. pad site. Demographics show a population of 102,832 residing within five miles earning $55,954 as the family income. A Fall 2001 opening is planned. For more information, contact 562-592-6020.
Lewis Retail Centers is developing Sierra Lakes Village, a 90,000 sq.ft. neighborhood center located at the northeast corner of Citrus Avenue and 210 Foothill Freeway in North Fontana, CA. Anchor and pad spaces are available. The project is part of a 2,100-unit master planned community of Sierra Lakes. Demographics show a population of 63,076 residing within three miles earning $40,765 as the median income. The average daily traffic count is 119,700 cars. A Fall 2002 opening is planned. For more information, contact 909-946-7520, Fax 909-949-6740, Email lrc@lewisop.com
Ripco Real Estate is developing Johnstown Marketplace, a proposed 500,000 sq.ft. power center to be located at the intersection of Solomon Run Road and Galleria Mall Drive in Johnstown, PA. Anchors include Home Depot, and space is available. Demographics show a population of 108,433 residing within 10 miles earning $36,558 as the household income. For more information, contact 610-834-8000, Fax 610-834-1793.
Wargo Vigdor Kepner Properties, L.L.C is developing Morgantown Marketplace, a supermarket-anchored shopping center located at the confluence of Routes 10, 23 and Interstate 76 in Morgantown, PA. Space is available. Demographics show a population of 32,202 residing within seven miles earning $76,615 as the average income. The company is also developing Dover Marketplace, a 250,000 sq.ft. supermarket-anchored shopping center located at the intersection of Route 13 and DuPont Highway in Camden, DE. Space is available. Demographics show a population of 87,901 residing within 10 miles earning $39,046 as the average income. The company is also developing Forks Marketplace, an 85,800 sq.ft. shopping center located at the intersection of Sullivan Trail and Old Mill Road in Easton, PA. Anchors include Giant Food Stores. Space is available. Demographics show a population of 94,938 residing within five miles earning $58,011 as the household income. For more information, contact Chas. Wargo at 610-962-0600.
Preferred Development recently broke ground on a 10,000 sq.ft., 1.5-acre shopping center located at the intersection of Sauk Tail Road and Torrence Avenue in Sauk Village, IL. The project sits adjacent to Walgreens. Space is available. A 5,000 sq.ft. corner lot has been leased to the anchor tenant, Hollywood Video. An opening is planned for January 2001. The center is the second phase in a 22-acre master plan, with a third phase to add retail development along Sauk Trail Road. For more information, contact Evan Oliff at 312-987-1533.
Regency Realty Corporation is developing The Marketplace at Town Center, a 135,000 sq.ft. 13.5-acre community center located at the intersection of State Highway 50 and Latrobe Road in Walnut Creek, CA. Anchors include Ralphs and Long’s Drugs. Additionally, the center will consist of 20,000 sq.ft. of shop space and a 10,000 sq.ft. pad. Space is available. The project is part of a master planned commercial development known as Town Center East, a mixed-use project comprising more than 800,000 sq.ft. of office, hotel, retail and entertainment uses. For more information, contact Tom Engberg, Sr. at 925-279-1767.
Saul Centers, Inc. is planning to develop Ashburn Village III, an 18,000 sq.ft. expansion to an existing shopping center and several freestanding pad sites located in Loudon County, VA. A spring 2001 opening is slated. Additionally, the company purchased a 3.1-acre parcel adjacent to the new construction site in order to develop up to 40,000 sq.ft. of retail space. For more information, contact Leon Bowden at 301-986-6000.
Arcus Realty Corp. plans to develop an Albertson’s-anchored 100,000 sq.ft. shopping center on an 11.68-acre parcel located on the northwest corner of Clifford Street and Loop 820 in west Fort worth, TX. Groundbreaking is slated to begin during the second quarter of 2001. Albertson’s will take up nearly 67,000 sq.ft. of space, leaving the remaining 33,000 sq.ft. available. For more information, contact Joe Lancaster at 214-750-4990.
Bob Hughes Associates is pre-leasing Leesville Town Center, a 94,556 sq.ft. 13-acre shopping center located at the intersection of Leesville and Strickland Roads in Raleigh, NC. Space is available. Anchors include Harris Teeter, while other tenants include It’s Prime Only steakhouse, The Wine Cellar, Blockbuster Video, The Italian Fish House, Chick-Fil-A, Quizno’s, Domino’s Pizza and others. For more information, contact Bob Hughes at 919-847-7309.
Colliers Arnold is developing Gateway Crossings, a 260,000 sq.ft., 32-acre power center located at the intersection of SR 434 and Maitland in Altamonte Springs, FL. Space is available. 2.5 million sq.ft. of Class A suburban office space is being added to this submarket, which currently consists of more than 2.5 million sq.ft. The combined average daily traffic count is 92,440. Demographics show a population of 214,751 residing within five miles earning $61,237 as the average income. The company is also developing Drew 19 Shopping Center Development, a power center located along U.S. Route 19 in Clearwater, FL. Anchors include Best Buy. Spaces of 10,000 sq.ft. to 65,000 sq.ft. are available for build-to-suit or lease. Demographics show a population of 226,000 residing within five miles. For more information on Gateway Crossings, contact James Hope, James Roberts Jr. or J. Ryan Roberts at 813-221-2290 or John D’Aloise and Jim Kleeman at 407-843-1723. For more information on Drew 19, contact Jim Kovacs at 813-221-2290.
Kotis Properties is developing Willowlake Towne Center, a 149,000 sq.ft. mixed-use center located at the intersection of New Urban Loop (Interstate 840) and Burlington Road (U.S. 70) in Greensboro, NC. Space is available. 109,000 sq.ft. will be devoted to retail uses. Demographics show a population of 316,196 residing within 15 miles earning $39,322 as the average income. For more information, contact 336-574-2000, Fax 336-574-2001.
North American Properties is developing Camp Creek Marketplace, a 750,000 sq.ft. shopping center located at the intersection of Interstate 285 and Camp Creek Parkway in Fulton County, GA. Space is available. Demographics show a population of 565,796 residing within 10 miles earning $43,950 as the average income. The combined average daily traffic count is in excess of 189,460 cars. For more information, contact 770-645-6566, Fax 770-643-9540.
Spectrum Realty Advisors plans to open Addison Place Shoppes, a 43,700 sq.ft., eight-acre shopping center located at the intersection of Jones Bridge and Abbots Bridge Roads in Alpharetta, GA during Spring 2001. Space is available. Demographics show a population of 75,784 residing within a five-mile radius earning $96,340 as the household income. The average daily traffic count is 35,000 cars. The company is also developing Mars Hill Point, a 26,400 sq.ft. shopping center located at the intersection of Cobb Parkway and Mars Hill Road in Acworth, GA. An opening is planned during Winter 2000. Space is available, including a 6,000 sq.ft. pad. Demographics show a population in excess of 71,000 residing within five miles earning $48,103 as the average income. The average daily traffic count is 36,266 cars. The company is also developing
The Plaza at Towne Lake, a 14,677 sq.ft. shopping center located just off of Interstate 575 on Townlake Parkway in Woodstock, GA. Space is available. Demographics show a population in excess of 89,000 residing within five miles earning $52,711 as the household income. For more information on Addison Place, contact Katherine James at 404-252-2288, Fax 404-252-8666,E mail kjames@spectrumrealtyadvisors.com; for more information on Mars Hill Point, contact Rebecca Waters at the same number.
CIM Group is currently renovating the mall formerly known as the Hollywood Galaxy, a 120,000 sq.ft. shopping center located at the intersection of Hollywood and Sycamore in Los Angeles, CA. General Cinemas will continue to operate its six-screen movie theater, as will the Hollywood Entertainment Museum. New tenants to open at the site will include The Knitting Factory, a 10,000 sq.ft. jazz club situated on the ground floor. The remaining 30,000 sq.ft. will be taken by single tenants, sidewalk cafes, newsstands and a full-service restaurant. A reopening is planned for late 2001. For more information, contact 310-966-1700.
CB Richard Ellis is developing The Colonies Crossroads, a 95-acre freeway-oriented commercial development with six distinct retail properties measuring two to 40 acres located at the intersection of Foothill (210) Freeway and Campus Avenue in Upland, CA. Power, neighborhood, entertainment and convenience center opportunities are available. Demographics show a population of 668,041 residing within 10 miles earning $59,310 as the household income. For more information, contact Tom Swieca at 909-418,2027, Cathleen Rose at 909-418-2022, Tony Archer at 909-418-2028 or Bill Thomas at 909-418-2058.
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