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New Construction
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New ConstructionSigma National, Inc. plans to break ground on Bermuda Crossroads Marketplace, a 145,000 sq.ft. project located at the northwest quadrant of Routes One and 10 in Chester, VA this month. Anchors include Frank’s Nursery and Crafts, OfficeMax and Ruby Tuesday. The center is adjacent to Home Depot. For more information, contact 804-320-6100, Fax 804-320-6660.
Paces Properties is developing Oakdale Park, a 180,000 sq.ft., 50-acre mixed-use center located in the north Atlanta suburb of Vinnings, GA. Space is available. The project is located directly across from a plot of land slated to house 49 residential properties. Pre-leasing has begun on the property, which is scheduled to break ground during the first quarter of 2001 and be completed by year’s end. 150,000 sq.ft. of space has been earmarked for retail stores. For more information, contact W. Michael Hammer at 770-438-8080, Fax 770-438-8181.
The Harbor Companies plans to develop Bloomfield Park, an 80-acre mixed-use development to include luxury apartments, a five-star hotel, class ‘A’ office space, parks, two lake and entertainment facilities in addition to retail including an upscale health and fitness club, shops and restaurants. The project, located in Bloomfield Township, MI, will require a rezoning of the area from "research park" to "mixed-use." Space is available. For more information, contact 313-965-3010.
Investment Realty Resources, Inc. is developing Laynecrest Shopping Center, a 65,000 sq.ft. strip center located on Millard Avenue in Franklin, OH. Anchors include Marsh Grocery and Dollar General. An 8,400 sq.ft. space is available. Demographics show a population of 33,293 residing within three miles earning $54,717. The daily traffic count is 26,000 cars. For more information, contact 513-424-8106, Fax 513-424-8107, Email jmuzquiz@ccim.net
Regency Realty Corporation plans to develop Olde Town Plaza, a 285,000 sq.ft. strip center project located at the intersection of Manchester and Ries Roads in West St. Louis County, MO. Anchors include Lowe’s. The project will also include 30,000 sq.ft. of side shop space and one restaurant pad. An opening during late Fall 2000 is planned. For more information, contact Daniel Fox, Sr. at 636-728-2700.
Denny Elwell Company is developing Delaware Centre, a 56,310 sq.ft., six-acre L-shaped strip center located at the intersection of Shurfine and Delaware in Ankeny, IA. Spaces of 7,230 sq.ft., 4,730 sq.ft. and 1,250 sq.ft. are available. Groundbreaking occured during April 2000. Anchors include Super Store Furniture & Appliances. Demographics show a population of 40,000 residing within five miles earning $52,448 as the household income. SuperTarget, Wal*Mart Supercenter, Home Depot and Menards operate nearby. The market and asking rents are $12 psf, with CAM and taxes of $1.50 psf. For more information, contact Barb Hokel at 515-964-1587, Fax 515-964-8719, Email bhokel@dwx.com
WRSB, LLC is developing Windsor Park Place North, a 130,000 sq.ft. project located at the intersection of Route 78 and Renaissance Drive in Amherst, NY. Three spaces of 22,773 sq.ft., two spaces of 8,000 sq.ft. and one space of 6,105 sq.ft. are available. The project sits adjacent to Wegman’s and Target and is immediately north of Eastern Hills Mall. The average daily traffic count is 27,224 vehicles. Demographics show a population of 575,570 residing within 10 miles earning $34,549 as the median household income. For more information, contact Gary Blum at 716-823-7704, Fax 716-480-3600.
Packard Development is developing Maine Crossing, a 276,000 sq.ft. shopping center located directly across Interstate 95 from Maine Mall in Portland, ME. Anchors include Target, Comp USA, Bed, Bath & Beyond and Old Navy. Spaces of 25,000 sq.ft. 12,480 sq.ft., 13,120 sq.ft., 6,000 sq.ft., 5,000 sq.ft. 3,870 sq.ft. and 2,500 sq.ft. are available. Demographics show a population of 406,760 residing within 20 miles earning $50,769 as the household income. Sears, Macy’s, Filene’s, J.C. Penney, Best Buy, Borders Books & Music, Linens n’ Things, Wal*Mart, Sam’s Club Home Depot, Shop n’ Save and Circuit City operate nearby. A Summer 2001 opening is planned. For more information, contact 617-965-1966.
LMA, LLC recently redeveloped Lincoln Mall, a 500,000 sq.ft.+, 65-acre shopping center located on George Washington Highway (Route 116) in Lincoln, RI. New construction at the facility includes a Super Stop & Shop, HomeGoods, two pad sites to be developed in the coming months, and two stores of 43,000 sq.ft. and 22,300 sq.ft. to open in the coming months. Demographics show a population of 266,000 residing within seven miles earning $60,247 as the household income (within five miles). Anchors include Big Kmart, The Gap, Lerner New York and CVS, while other tenants include Waldenbooks, Kay Bee Toys, Champ’s Sports, Foot Locker and GNC. For more information, contact 401-273-8010.
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