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New Construction
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New ConstructionMcClinton & Company is developing Phase III of Premiere Place, a 375,000 sq.ft. power center anchored by Wal*Mart Supercenter, Belk, Goody’s and Michael’s and located at the intersection of Cobbs Ford and McQueen Smith Roads in Prattville, AL. An additional future expansion area of 35,000 sq.ft. is available. Demographics show a population of 104,690 sq.ft. residing within 10 miles earning $46,295 as the average income. A Spring 2001 opening is planned. The company is also developing The Commons at Westover, a 180,000 sq.ft. project located at the intersection of Westover Boulevard and Old Dawson Road in Albany, GA. Stein Mart anchors the center. Spaces of 30,000 sq.ft., 23,500 sq.ft. and 12,000 sq.ft. are available, as are two pad sites of 8,000 sq.ft. and an outlot of 1.54 acres. Demographics show a population of 105,440 residing within 10 miles earning $49,499 as the average income. A Fall 2001 opening is planned. For more information, contact (334-270-9653). Developers Diversified Realty Corporation is developing Horizon Village, a 350,000 sq.ft. project located at the intersection of Route One and Rockhill Road in Bensalem, PA. Space is available. Demographics show a population of 997,359 residing within 10 miles earning $67,378 as the household income. The daily traffic count is approximately 250,000 cars. For more information, contact (216-755-5500), Fax (755-1500).
Tucker Development Corporation is currently developing the following projects: Country Club Plaza, a 450-acre mixed-use center with approximately 100 acres devoted to commercial development located in Country Club Hills, IL. Anchor, shop and outlot spaces are available. Anchors will include Loews Cineplex. Demographics show a population of 205,419 residing within five miles earning an average income of $60,809. The opening is slated for Fall 2000; the company recently broke ground on Lakemoor Plaza, a 650,000 sq.ft. project located in Lakemoor, IL. Space is available. Demographics show a population of 308,032 residing within ten miles earning $76,466 as the average income. Phase I will be anchored by a 134,000 sq.ft. Wal*Mart; the company recently broke ground on Lincolnwood Centre, anchored by a 62,000 sq.ft. Dominick’s Fresh Store, located in Lincolnwood, IL. Demographics include a population of 811,839 residing within five miles earning $55,250 as the average income; the company recently completed Pointe Plaza, a 335,000 sq.ft. center on 30 acres anchored by Wal*Mart, Cub Foods, Babies ‘R’ Us, Office Depot and Walgreens, and located in Niles, IL. Space is available. Demographics include a population of 649,674 residing within five miles earning $62,696 as the average income; the company also plans to break ground on Yorkville Marketplace, a 225,000 sq.ft. shopping center located at the intersection of Routes 34 and 47 in Yorkville, IL during Fall 2000. Anchor, shop and outlot space are all available. Demographics show a population of 177,329 residing within 10 miles earning $55,311 as the average income. For more information, contact (847-926-9999), Fax (926-9996).
Ripco Real Estate is currently developing Doylestown Square, an 85,000 sq.ft. shopping center located on Main Street in Doylestown, PA. Space is available. Demographics show a population of 131,867 residing within seven miles earning $77,041 as the household income. Acme Markets, Staples and The Bon Ton operate nearby. A Spring 2001 opening is planned. For more information, contact (610-834-8000), Fax (834-1793).
M & J Associates plans to open Nashua Commons, a 170,000 sq.ft. strip center on 21 acres located at the confluence of Routes Three, 11 and 111A in Nashua, NH during Fall 2001. Spaces of 2,800 sq.ft to 30,000 sq.ft., plus outlot spaces of 3,000 sq.ft. to 6,000 sq.ft. are available. Anchors include a 75,000 sq.ft. Shaw’s Supermarket. Demographics include a population of 241,897 residing within 10 miles earning $64,931 as the average income. The asking rent is $14 psf to $19 psf, with CAM of $1.55 psf and taxes of $1.25 psf. The company will also develop Providence Commons, a Shaw’s Supermarket-anchored shopping center located at the intersection of Atwells Avenue and Valley Street in Providence, RI. Spaces of 2,000 sq.ft. to 30,000 sq.ft., plus an outlot of 3,000 sq.ft. are available. Demographics include a population of 349,583 residing within five miles earning $53,481 as the average income. Providence Place Mall operates nearby. For more information, contact Mark Shair at (781-326-7370), Fax (326-2827).
Wilson Miller submitted plans to the Charlotte County Development Review Committee to develop a 12.32-acre parcel located on Olympia Avenue in Punta Gorda, FL. The project would consist of a 44,000 sq.ft. supermarket and a 7,700 sq.ft. retail area. In addition, room for 289 parking spaces would be allotted, as well as a parcel for use by a restaurant, a gas station or an additional retailer. For more information, contact Betsy Benac at (813-615-1319).
Lewis Retail Centers and Sares-Regis Group are joint venturing to develop The Marketplace at Ontario Square, a 247,000 sq.ft. shopping center anchored by Sam’s Club and located at the northwest corner of Milliken Avenue and Inland Empire Boulevard in Ontario, CA. Space is available. Other tenants are expected to include Baja Fresh Mexican Grill, Tommy’s Original World Famous Hamburgers and Woody’s Furniture. A November 2000 opening is slated. For leasing information, contact Wally Limburg of Strategic Retail Advisors at (949-640-6678).
Regency Realty Corporation recently broke ground on Fenton Village Marketplace, a 98,339 sq.ft. project in two phases located in Fenton, MI. Space is available. Phase I will include 73,339 sq.ft. of retail space anchored by a 53,739 sq.ft. Farmer Jack supermarket, and the 25,000 sq.ft. Phase II is also currently under construction. The company is also joint venturing with K & G Equities to develop Santa Margarita Marketplace, a 320,000 sq.ft. shopping center anchored by Lowe’s, Linens ‘n’ Things, Staples, Marshalls and Pier 1 Imports and located on the 241 Corridor at Santa Margarita Parkway in Los Angeles, CA. A September 2000 opening is slated. Other tenants include Blockbuster, Aaron Brothers, Starbucks, Air Touch, Rubio’s, Pasta Bravo and Pick-Up Stix. For leasing information on Fenton Village Marketplace, contact Alan Roth at (513-686-2900); for Santa Margarita Marketplace, contact CB Richard Ellis at (909-788-3740).
Holrob Investments, LLC plans to develop a 13-acre multi-parcel "restaurant row" project located at the intersection of Highway 441 and New Era Road in Sevierville, TN. Pad sites are available. The project is located directly across from Tanger Five Oaks Outlet Mall, NASCAR Cafe, and NASCAR SpeedPark. For more information, contact Mike McGuffin at (800-475-3292).
Ramco-Gershenson Properties Trust recently began developing Crossroads Centre, a 650,000 sq.ft. project on 78 acres located on U.S. Highway 20 adjacent to Interstate 75 and Interstate 80/90 in Rossford, OH. Anchors include Home Depot, Target and Giant Eagle, while other anchors are slated to include a craft superstore, a home furnishing store and an office superstore. For more information, contact Dennis Gershenson at (248-728-1510).
North American Properties is developing Stonecrest Marketplace, a 486,000 sq.ft. strip center on 47 acres located on Turner Hill Road south of Interstate 20 in DeKalb, GA. A Fall 2001 opening is planned. The project is adjacent to the one million + sq.ft. Mall at Stonecrest. Space is available. For more information, contact (770-645-6566).
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