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New Construction
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New ConstructionPPM Real Estate Inc. plans to break ground next month on Western Corners, a 35,000 sq.ft. strip center at the intersection of Centerville Road and Route 462 in Lancaster, PA. A 1,600 sq.ft. space and two outparcels of 2,500 sq.ft. and 5,500 sq.ft. are available. The asking rent is $15 psf, while market rent is $14 to $17 psf. Extra charges include CAM at $2.50 psf. Procurement of anchors and other tenants is in progress. The site has a daily traffic count of 19,000+ cars and within five miles resides a population of 126,960 earning $46,424 as an average income. For more information, contact Tracey Lin Horst at (717-394-3374).
Platinum Property Management, Inc. plans to open The Shoppes of Liberty City, an 80,000 sq.ft. strip center at the corner of NW 54th and NW 12th Streets in Miami, FL during November of this year. The nine-acre project will be anchored by Winn Dixie Marketplace and Hollywood Video. Other tenants include Payless ShoeSource, Simply Fashion and Radio Shack. A 4,000 sq.ft. space is available. The project is currently under construction and located in an enterprise zone. The asking rent is $18 psf, while market rent is $16 psf. Extra charges include CAM at $3 psf and $1 psf for taxes. Within five miles resides a population of 540,000 earning $35,000 as the average income. For more information, contact Anda Ashkar at (954-572-9797).
Channing Corp. plans to open PGA Commons, a 130,000 sq.ft. mixed-use facility on Central Boulevard in Palm Beach Gardens, FL, in September of this year. Spaces of 600 sq.ft. to 10,000 sq.ft. are available. The asking rent is $26 psf. Market rent is $25+ psf. Extra charges are CAM of $4.75 psf and $1.35 psf for taxes. The site has a daily traffic count of 40,000+ cars and within five miles resides a population of 105,000 earning $84,000 as average household income. The site is near Palm Beach Gardens Mall. For more information, contact Patrick Dwyer at (561-630-8630).
Duke-Weeks Realty Corp. plans to open Geneva Towne Center, a 460,000 sq.ft. power center at Randall and Bricher Roads in Geneva, IL, during Fall of 2001. Anchor and small store spaces are available. Major retailers in the area include Target, Dominick’s, Kohl’s, Home Depot and Old Navy. The site has a daily traffic count of 30,000 and within five miles resides a population of 81,000 earning $92,500 as average income. The company plans to open Meridian Towne Centre, a 212,000 sq.ft. power center at the intersection of SR 59 and Meridian Parkway in Napierville/Aurora, IL, during Spring of 2001. Anchors will include home improvement, furniture and apparel stores. Additional anchor and small store spaces are available. The site has a daily traffic count of 50,000 cars and within five miles resides a population of 185,000 earning $85,500 as average income. The company plans to open Milford Towne Centre, a 364,000 sq.ft. power center at the intersection of I-275 and Milford Parkway in Cincinnati, OH during Summer 2001. Anchors will include entertainment, restaurants and retail stores. Additional anchor and small store spaces are available. The daily traffic count is 80,000 cars and within five miles resides a population of 70,000 earning $84,100 as average income. A new interchange leading into the site has recently opened. The company plans to open Glenwood Crossing, a 98,000 sq.ft. strip center at the intersection RT 126 and Springfield Pike in Cincinnati, OH during June of this year. Tenants include McDonald’s, Hollywood Video and GNC. Large and small store spaces are available. The daily traffic count is 47,000+ and within five miles resides a population of 172,000 earning $65,000 as average income. The company also plans to open Stony Creek Marketplace, a 410,000 sq.ft. power center at the intersection of SR37 and Pleasant Street in Noblesville, IN during Spring 2001. Major retailers in the area include Wal*Mart Super Center, Kmart and Staples. Anchor and small store spaces are available. The daily traffic count is 40,000 cars and within five miles resides a population of 35,000 earning $72,500 as average income. For more information on the IL or IN properties, contact Larry Myrvold at (800-875-3366); for Milford Towne Center, contact Greg Malone at (800-639-5801); for Glenwood Crossing, contact Scott Gray at (800-875-3366).
Woolbright Development, Inc. is slated to open Universal Plaza, a 230,000 sq.ft. power center at the intersection of University Drive and Commercial Boulevard in Lauderhill, FL this month. The center is anchored by a 175,000 sq.ft. SuperTarget and has Eckerd Drug as a junior anchor. Spaces of 10,000 sq.ft., 5,000 sq.ft. and 2,000 sq.ft. are available in addition to an outparcel of 3,200 sq.ft. The asking rent is $23 psf, as is the market rent. Extra charges include CAM of $2 psf and taxes of $1.50 psf. The daily traffic count is 100,000 and within five miles resides a population of 469,000 earning $53,000 as average income. For more information, contact Gary Broidis at (561-417-6607).
Sugarland Properties Incorporated plans to open Town Center Lakeside retail park, a $70 million, 43-acre site at the intersection of Highway 6 and U.S. 59 in Fort Bend County, TX during July of 2001. The site will be anchored by a 175,000 sq.ft. SuperTarget and has 55,000 sq.ft. of in-line space available. In addition, the site includes 20 acres of pad sites, each up to four acres. The intersection is currently being upgraded to accommodate the expected new traffic, and should be concluded next year. For more information, contact Steve Ewbank at (281-242-2000).
Schmier & Fuerring Properties, Inc. plans to open Wellington Green, a 137,000 sq.ft. specialty center at the intersection of U.S. 441 and Forest Hill Boulevard in Wellington, FL during Summer 2001. Anchors include Barnes and Noble and Linens & Things. A 25,000 sq.ft. to 30,000 sq.ft. space is available. The asking rent is $20 to $25 psf. The Wellington Green Regional Mall is scheduled to open nearby during October of 2001. For more information, contact Lori Cohen at (561-488-9100). |