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New Construction
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New ConstructionTriple Five Nevada Development Corporation is developing Grand Canyon Parkway, a 1.5 million sq.ft., 110-acre entertainment center located at the intersection of Grand Canyon Parkway and Flamingo Road in the Las Vegas Valley region of NV. Anchors include a movie theater, hotel casino and athletic club. Space is available, including seven pad sites ranging in size from 4,300 sq.ft. to 7,000 sq.ft. Demographics show a population of 186,000 residing within five miles earning $119,000 as household income. The company is also developing Silverado Ranch Place, a 311,507 sq.ft. mixed-use center located at the southeastern corner of Silverado Ranch Boulevard and Maryland parkway near City of Henderson, NV. Anchors include Smith’s Foods. Space is available. The center is located near several master-planned communites. Demographics show a trade area population of 50,000 earning $68,823 as household income. For more information, contact 702-242-6937, Fax 702-242-6941.
LandGrant Development recently completed development of Phase II of Vail Ranch Center, a 250,000 sq.ft. community center located at the intersection of Highway 79 South and Margarita Road in Temecula, CA. Anchors for Phase II include a 35,707 sq.ft. Stein Mart and an 18,000 sq.ft. Powerhouse Gym, while anchors of Phase I include Stater Bros. (50,499 sq.ft.), and Rite Aid (17,253 sq.ft.). Pad sites and shop spaces are available. Phase II consists of 103,459 sq.ft. of gross leasable space. The center has 1,398 parking spaces, and the average asking rent is $18 psf NNN. For more information, contact 858-481-0094, Fax 858-481-3108, Email:information@landgrant.net
Terranomics Retail Services is developing Harbor Gate Shopping Center, a 23,000 sq.ft. shopping center located off of Interstate 580 at the Marina Bay parking exit in Richmond, CA. Spaces of 14,000 sq.ft., 9,000 sq.ft. and two pad sites, one of 6,000 sq.ft. to 7,000 sq.ft. (Restaurant) and another of 3,100 sq.ft. are available. Demographics show a population of 201,848 residing within five miles earning $54,632 as household income. Existing and planned office building space totaling two million sq.ft. is located within one mile of the site. For more information, contact Christine Firstenberg at 415-474-6100, Fax 415-771-1115.
Rubinstein Real Estate is developing Page Community Plaza, a 432,000 sq.ft., 37-acre shopping centers located at the southwest corner of Stetson and Sanderson Avenues in Hemet, CA. Space is available. Demographics show a population of 285,000 residing within 15 miles. The center is located directly across from two residential development with a total of 241 homes. For more information, contact Andy Epstein at 913-362-1999, Fax 913-362-1969, Email ace@rubinsteinre.com
Weston Companies is developing Stonetrace Commons Shopping Center, a 150,000 sq.ft.+ shopping center located at the intersection of Cason Lane and Highway 96 in Murfreesboro, TN. Anchors include a 55,019 sq.ft. Kroger. Space is available. Demographics show a population of 65,747 residing within five miles earning $52,587 as the household income. The average daily traffic count is 33,200 cars. Target, Office Max and Wal*Mart operate nearby. The company is also developing Kensington Place, a 70,624 sq.ft. shopping center project anchored by a 46,624 sq.ft. Bi-Lo located at the intersection of Southeast Broad Street and South Rutherford Boulevard in Murfreesboro, TN. Space is available. Demographics show a population of 65,350 residing within five miles earning $44,093 as the household income. For more information, contact Mike Prince at 615-661-9711.
Parkwood Properties, LLC is developing DeSoto Commons, a 350,000 sq.ft. power center project located at the intersection of State Route 51 and Goodman Road in Memphis, TN. An opening is planned for late 2001/early 2002. Space is available. Demographics show a population of 84,680 residing within three miles earning $56,253 as the average income. The combined average daily traffic count is in excess of 72,000 vehicles. For more information, contact Larry Kraxberger or Scott Rightnowar at 662-393-0245.
DLC Mangement 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 a newly-opene 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.
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