New Construction

For more information, contact Tanya Creekmore or Mariah Stone at (404-869-2700), Fax (404-869-7171).

Center Associates recently broke ground on Pine Grove Village, a 45,000 sq.ft. shopping center in Grove City, PA anchored by Aldi, Sheetz and Sky Bank. Spaces of 1,200 sq.ft. to 7,600 sq.ft. are available.

For more information, contact Alex Scott at (412-782-2080).

Zimmer Development Co. plans to open a shopping center near Valhalla Drive and Two Notch Road in Richland County, SC. A 125,000 sq.ft. Target is the anchor, with other tenants including TJ Maxx, Office Max and Shoe Carnival.

For more information, contact Frank Grzandiel at (910-763-4669).

Mid-Atlantic Realty Trust recently broke ground on Waverly Woods Village Center, a 110,000 sq.ft. strip center located at the intersection of Interstate 70 and Marriottsville Road in Howard County, MD. A 53,000 sq.ft. Weis Markets is the anchor. The center is 70% leased, with other tenants including Enchanted Child Care, Mangia Market and Eatery, Inc., Farmers & Mechanics National Bank, Your Wine & Spirits Shoppe, Shear Brothers Hair Salon and a dry cleaners. The total cost of the project is expected to be $11 million and a November 2000 opening is scheduled.

For more information, contact F. Patrick Hughes at (410-684-2000).

The Ainbinder Company plans to build RiverPark, a 325,000 sq.ft. shopping center in two phases at the northeast corner of Highway 59 and Grand Parkway in Fort Bend, TX. A 65,000 sq.ft. Albertson’s will anchor Phase I, on which construction will commence during Fall 2000. Other Phase I tenants are expected to include restaurants and a national chain drug store. Phase II construction is expected to commence in the fourth quarter of 2000, and negotiations are under way to bring several big-box retailers to the center.

For more information, contact Barton Duckworth at (713-892-5600), Fax (713-892-5656).

Brock Development Corp. broke ground last month on Northmil Plaza, a 90,415 sq.ft. shopping center at the intersection of Military Trail and Northlake Boulevard in Palm Beach Gardens, FL. Albertson’s will anchor the center, which is slated for a December 2000 opening. Demographics include a population of 124,300 residing within five miles earning $52,600 as the average household income. The Gardens Mall operates nearby. The market and asking rent is $18 psf.

For more information, contact Arthur Kahlenberg at (561-684-1040), Fax (686-9940).

Wolfson Verrichia Group plans to break ground during Summer 2000 on Main Street at Exton, a 750,000 sq.ft. lifestyle and specialty center located at the intersection of Routes 30 and 100 in Exton, PA. Anchors include Old Navy, Barnes and Noble, Babies ‘R’ Us and Zany Brainy. Other tenants include Ulta Cosmetics, Bath & Body Works and Gateway Computer. Demographics include a trade area population of 250,000 earning $102,000 as the average income. Exton Square Mall operates nearby. Market rent is $25 psf, with CAM of $1.25 psf and taxes on $1.25 psf.

For more information, contact Thomas F. Verrichia at (610-277-8899), Fax (277-8880).

Noddle Development Company opened 48th Street Square, a 32,654 sq.ft. shopping center located at the southeast corner of 48th and L streets in Omaha, NE during April 2000. Spaces of 1,400 sq.ft., 5,000 sq.ft. (sub-anchor) and up to 20,000 sq.ft. (anchor) are available. Demographics show a population of 233,000 residing within 10 miles earning $41,000 as the average income. The daily traffic count is 36,000 cars. Kmart and Baker’s Grocery Store operate nearby.

For more information, contact Robert Kahn at (402-496-1616), Fax (496-6250).

JMB Realty Corp. reached an agreement with city government officials for the development of a proposed $250 million mixed-use specialty center on Block 37 in Chicago, IL. Plans call for Lord & Taylor to anchor the center, which may also include a hotel operated by Marriott International.

For more information, contact (312-440-4800)

Capital Vision Equities and Katell Properties Group recently opened Chesterfield Square, a 22-acre shopping center located at Slauson and Western Avenues in South Los Angeles.

For more information, contact Jessica del Mundo or Brooke Hempel at (310-458-1224).

Oppidan Investment, Co. recently broke ground on a 568,000 sq.ft. shopping center located at the intersection of Interstate 29 and 32nd Avenue South in Grand Forks, MN. The project is projected to cost between $20 and $30 million. The center will be anchored by SuperTarget and Best Buy, while other prospective tenants include Borders Books & Music, Outback Steakhouse and Old Navy.

For more information, contact Paul Tucci at (612-338-8485).

McCaffrey Interests of Chicago plans to break ground on a full-block entertainment center on Hennepin Avenue across from the Target Center in Minneapolis, MN during Summer 2000. The project is contingent upon approval from the Minneapolis City Planning Commission.

For more information, contact Daniel McCaffrey at (312-944-3777).

D.J. Maltese Co. Inc. has submitted a proposal to the West Dearborn Downtown Development Authority to build a 150,000 sq.ft. entertainment center on Michigan Avenue at Howard in Dearborn, MI. Another developer, Burton-Katzman, has also submitted a proposal which calls for a 115,000 sq.ft. mixed-use center including 40,000 sq.ft. to retail space. No decision has been reached by the authority on which developer will be given preferred status.

For more information, contact (313-274-3600).

JDN Realty plans to break ground on The Power Plant of Hampton Roads, a 107-acre industrial-themed shopping center at the intersection of Interstate 64 and Mercury Boulevard in Hampton, VA during June 2000. The company is aiming to sign new-to-the-market and unique retailers to the project.

For more information, contact (404-262-3252).

Cordish Co. and Washington Sports Entertainment LP have entered into a joint venture to develop Capital Centre, a 745,000 sq.ft. mixed-use center on 76 acres in Landover, MD. A Spring 2003 opening is planned. The center is situated on five city blocks and will have 6,500 parking spaces. Anchor tenants include a 16-screen Magic Johnson Theater. The partners will pay a base annual rent of $90,000 to the county. The agreement calls for at least 25% of the design, construction, development and ongoing operations to go to minority business enterprises.

For moreinformation, contact Reed Cordish at (410-752-5444), Fax (659-9491).