|
New Construction
|
|
|
New Construction
Developers Diversified Realty plans to open University Town Center, a 415,000 sq.ft. power center at the southwest quadrant of State Routes 43 and 261 in Kent, OH by 2001. When complete, the complex will consist of eight anchors, specialty shops and restaurants. The company also joined David Berndt Interests in purchasing a 93-acre parcel at the intersection of Loop 1604 and Bandera Road in San Antonio, TX. The companies plan to develop Bandera Pointe, a 650,000 sq.ft. power center slated to open during Spring 2001. For more information on University Town Center, contact Perry Grueber at (216-755-5455), Fax (755-1455); for information on Bandera Pointe, contact Scott Schroeder at (216-755-5500) or David Berndt at (972-714-0765).
Forest City Enterprises plans to develop Short Pump Town Center mall on a 147-acre tract in Henrico, MD. The project, which has attracted interest from retailers including Nordstrom, Lord & Taylor, Hecht’s and Dillard’s, would likely open during 2002. For more information, contact James Ratner at (216-416-2307), Fax (263-6208).
Advantis GVA is developing Northpointe, a 489,500 power center at the intersection of Interstate 85 and Guess Road in Durham, NC anchored by Costco, Home Depot, Kroger and PETsMART. For more information, contact Sharon Ryals-Taylor at (757-627-0661), Fax (757-627-1901).
Harrison & Grass, LLC recently broke ground on the Colonnade, a 550,000 sq.ft. power center in State College, PA. The shopping center is anchored by a 126,000 sq.ft. Target, and a 110,000 sq.ft. Wegmans Supermarket. Co-anchors include a 32,000 sq.ft. Circuit City, a 30,000 sq.ft. Dick’s Sporting Goods, a 25,000 sq.ft. Michaels and a 20,000 sq.ft. PETsMART. Target has purchased the land for its site and will construct its own store. Colonnade is slated to open during Fall 2000. Bennett Williams Realty, Inc. is the exclusive leasing agents for the shopping center. For more information, contact Timothy Harrison at (717-737-7800) or William Aiello at (717-795-1070).
The Ainbinder Company recently broke ground on Phase I construction of Pointe West, a 200,000 sq.ft. shopping center at the southeast corner of Interstate 10 and Mason Road in west Houston, TX. The shopping center will be anchored by a 105,000 sq.ft. Big Kmart. Phase II construction will begin later this year. New Regional Corp. is the exclusive leasing agent for Pointe West. The company represented Metro National Corp. in the sale of the property to The Ainbinder Company. Levinson & Associates is designing the project and Southwest Bank of TX is providing the construction financing, while EMJ Corporation is the general contractor. In addition to Pointe West, The Ainbinder Company is developing several shopping centers including a 100,000 sq.ft. specialty center in Houston, TX anchored by Border’s Books and Music, two centers anchored by HEB Pantry and Kroger, and a 25,000 sq.ft. specialty center also in Houston. The company will also begin development on two centers in Dallas, TX and NM during this Summer. For more information, contact Barton L. Duckworth at (713-892-5600), Fax (892-5656).
Wolfson Verrichia Group, Inc. is developing Eddystone Commons, a 300,000 sq.ft. shopping center anchored by Wal*Mart at Chester Pike and Simpson Avenue in Delaware County, PA. Other tenants include Fashion Bug and McDonalds. Space totaling 55,000 sq.ft. is available. The company will break ground on Sadsbury Commons, a 390,000 sq.ft. shopping center anchored by Wal*Mart at the intersection of Routes 10 and 30 in Chester County, PA during Summer of this year. Other tenants include McDonald’s, a junior department store, a cinema and a hardware store. Space totaling 75,000 sq.ft. in addition to five outparcels is available; the company plans to open Almonesson Crossings, a 202,500 sq.ft. shopping center anchored by Wal*Mart and Staples at the intersection of Route 41 and Deptford Center Road in Gloucester County, NJ during Spring 2001. Other tenants include Pep Boys and a housewares store. Space totaling 12,000 sq.ft. is available; the company plans to open Oxford Commons, a 370,000 sq.ft. shopping center anchored by Wal*Mart at the intersection of Routes one and 10 in Chester County, PA during Fall of 2001. Other tenants include a junior department store, a cinema and a hardware store. Space totaling 60,000 sq.ft. in additional to six outparcels are available; the company plans to open Marlborough Commons, a 150,000 sq.ft. shopping center at the intersection of Routes One and the Route One bypass in Chester County, PA during Fall 2001. All spaces are available, as is one outparcel; and the company plans to open Solebury Commons, a 100,000 sq.ft. shopping center at the intersection of Routes 202 and 179 in Bucks County, PA during Fall 2002. The project will be anchored by a gourmet market and specialty retailers. Space totaling 75,000 sq.ft. is available. For more information, contact Thomas Verrichia at (610-277-8899)
Stafford Properties Inc. recently broke ground on a 250,000 sq.ft. Target-anchored shopping center in Bluffton, SC. A 100-room Holiday Inn is planned for the project as well, which is scheduled to open during Fall 2000. For more information, contact Mike Puckett at (404-256-9100), Email mikepuckett@staffordprop.com
Trammell Crow Co. is in negotiations to develop a shopping center on a 310-acre parcel in northern York county, VA. The company would prefer to develop the entire site, but an agreement to do so has not yet been reached with the land’s owner, Richard Wilkinson. The company is also considering developing a small portion of the parcel. For more information, contact Thomas Henderson at (757-825-1950), Fax (825-1992).
Ezralow Realty Properties plans to break ground on The Crossings at Huntingdon, a 700,000 sq.ft. entertainment center at the intersection of Edinger Avenue and Beach Boulevard in Huntington Beach, CA during September 2000. The project will include a 5,000 seat movie theater as an anchor. Five-mile demographics reveal a population of 557,000 earning $92,000 as the average income. The daily traffic count is 440,000 cars. For more information, contact Paul C. Bernard at (949-623-8333).
Universal Properties Group is developing The Centre of New England at the intersection of Interstate 95 and New London Turnpike in Coventry, RI. The 1.4-million sq.ft. enclosed mall will be constructed in three phases. Current tenants for phase I, which is slated to open during Summer 2001, include BJ’s Wholesale Club, Starbucks, Amerisuites Hotel, Applebee’s, Wendy’s, Denny’s and Cracker Barrel. The mall will have one mile of highway frontage and the trade area draws eleven million tourists a year. The daily traffic count is 120,000 cars. For more information, contact Lori Marchetti or Nick Cambio at (401-828-3500).
Swank & Associates, in a joint venture with Cedar Creek Crossing, LLC, opened Cedar Creek Crossing, a 72,000 sq.ft. center located at the intersection of Troy Drive and Cedar Creek in Fayetteville, NC. The shopping center is anchored by Winn-Dixie. Other tenants include an 8,000 sq.ft. Dollar General and a 4,200 sq.ft. Video Wiz; the company, in a joint venture with BBS Associates, plans to open Brightleaf Commons, a 40,800 sq.ft. shopping center on South Brightleaf Boulevard in Smithfield, NC. The shopping center is anchored by a 33,000 sq.ft. Food Lion. Other tenants include a 3,685 sq.ft. Video Wiz and a 1,335 sq.ft. #1 Chinese Restaurant. A Spring 2000 opening is planned; the company, in a joint venture with Ivey/Swain Associates, plans to develop Southeast Plaza, a 60,000 sq.ft. shopping center at the intersection of Highways 70 and 111 in Goldsboro, NC. The center will be anchored by a 33,000 sq.ft. Food Lion. Plans call for an opening during December 2000. For more information, contact Alex Thorpe at (910-256-2211).
Garden Commercial Properties is developing the following projects: Old Bridge Shopping Center, a 280,000 sq.ft. strip center anchored by Wal*Mart and Home Depot and located on Route Nine in Old Bridge, NJ; Cambridge Square Shopping Plaza, a 250,000 sq.ft. strip center anchored by Shop Rite and Kmart and located at the intersection of Route Nine and Union Hill Road in Marlboro, NJ, has Phase II construction of 32,000 sq.ft. under way; Westmount Plaza, a 420,000 sq.ft. power center anchored by Shop Rite, Kmart, Bradlees and Staples and loctaed on Route 46 near Beverwyck Road in Parsippany, NJ; Centennial Square Shopping Center, a 420,000 sq.ft. power center anchored by Wal*Mart, Lowe’s Sports Authority, TGI Friday’s and OfficeMax and located on Centennial Avenue in Piscataway, NJ; Union Square, a 370,000 sq.ft. power center anchored by Wal*Mart and Home Depot and located on Route 22 and Springfield Road in Union, NJ; The Square at West Windsor, a 245,000 sq.ft. power center anchored by Lowe’s and located at the intersection of Route One and Meadow Road in West Windsor, NJ; Renaissance Square, a 157,000 sq.ft. strip center anchored by Shop Rite and located at the intersection of Route 130 and Renaissance Boulevard in North Brunswick, NJ; Flemington Circle Plaza, a 170,000 sq.ft. strip center anchored by A&P and located at the intersection of Route 202 and Reaville Road in Flemington, NJ; Bernard’s Plaza, a 107,000 sq.ft. center to be anchored by A&P and located at the intersection of Interstate 78 and King George Road in Bernardsville, NJ; Boonton Square, a 195,000 sq.ft. strip center anchored by Home Depot and Walgreens and located at the intersection of Routes 287 and 202 in Boonton, NJ; Bridgewater Village Center, a 190,000 sq.ft. located at the intersection of Route 22 and West Chimnet Rock Road in Bridgewater, NJ, has spaces of 20,000 sq.ft. to 25,000 sq.ft. available; Woodbridge Towne Square, a 370,000 sq.ft. power center anchored by Lowe’s, Edwards Food Store and Linens ‘N Things and located at the intersection of Main Street and Woodbridge Center Drive in Woodbridge, NJ, has 100,000 sq.ft. available; Costa Verde, a five-acre planned unit development for upper-market retailers located at the intersection of Costa Verde Boulevard and Nobel Drive in San Diego, CA; and New Tampa Palms, a 500,000 sq.ft. power center anchored by Lowe’s and located at the intersection of Bruce B Downs Highway and Interstate 75 in Tampa, FL. For more information, contact Mario Dudzinski at (973-467-5000, ext. 200).
|