New Construction
[ Home ] [ Up ] [ Supermarkets Expanding Nationwide ] [ Buyers & Sellers ] [ Who's Opening & Where ] [ Convenience Stores Expanding Nationwide ] [ New Construction ] [ Exclusives ] [ Leed Sheet ] [ Food Retailers Expanding ] [ Sources of Financing ] [ Lease Signings ] [ Closings ] [ Real Estate Professionals Making The News ] [ Space Place ]

New Construction

Regency Realty Corporation is developing the 287,000 sq.ft. Olde Towne Plaza in Ballwin, MO. The center will be anchored by Lowe’s Home Improvement Warehouse, Stein Mart, Marshalls and Homegoods and is located at Manchester and Ries Roads. The project is the company’s first in the St. Louis area since acquiring the Midland Group in 1998. The company is also building the 98,351 sq.ft. Fenton Village Market Place in Fenton, MI. The center will be anchored by Farmer Jack grocery store and Blockbuster Video and is scheduled to open late Spring 2001.

For more information contact Daniel J. Fox, Regency Realty Corporation, 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005; 636-728-2700; Fax 636-519-9738.

Arcadia Development Company is building Town Center, a $628 million planned community in North Richland Hills, TX. Construction on the three two-story buildings featuring 65,000 sq.ft. of retail space will commence in April. The development will eventually have over 150,000 sq.ft. of retail space, of which 60% will be tenanted by local and regional tenants.

For more information contact Dan Quinto, Arcadia Development Company, 1500 East Hamilton Avenue, Campbell, CA 95008; 408-371-0500.

Trammell Crow Company will develop the 87,000 sq.ft. Shops at Lakeline Village at Lakeline Boulevard and Cypress Creek Road in Cedar Park, TX. The center will be anchored by a 67,000 sq.ft. Randall’s supermarket and McDonald’s has taken a pad site. The 13.97-acre site will also have a gas station on the corner pad. Completion is scheduled for September.

For more information contact Chris Ellis, Trammell Crow Company, 400 West 15th Street, Suite 1100, Austin, TX 78701; 512-482-5598; Fax 512-482-5586.

Gustine Company wants to develop a grocery anchored center on a 24-acre lot located at Contee Road and Route 1 in Laurel, MD. The plan must go through numerous rezonings and the company has pledged $750,000 for road improvements that would ease traffic concerns.

For more information contact Gustine Company, 2100 Wharton Avenue, Suite 700, Pittsburgh, PA 15203; 412-381-1122, Fax 412-381-1123.

Timber Development Corporation has begun construction on a CVS Pharmacy located in Oakland, MD. The building is on a 1.5-acre site and is located at US Route 219 and Memorial Drive, near the Garrett County Memorial Hospital.

For more information contact Douglas Bercu, Timber Development, 3170 Palisades Court, Marrietta, GA 30067; 770-857-0002.

Easter & Eisenman is building the Shoppes at Deep River in High Point, NC. The 60,000 sq.ft. first phase will be anchored by Food Lion and is scheduled to open in late March. Other tenants will include Alterations Express, Hangers Cleaners, Pro Golf Discount, Qwik-Pac-N-Ship and TJ’s Deli. Another 60,000 sq.ft. phase is set for construction after an anchor tenant is found. There are 15 outparcels on the site, one of which will be a McDonalds location.

For more information contact Steve Ellis, Easter & Eisenman, 4045 Premier Drive, Suite 208, High Point, NC 27265; 336-889-8976; Fax 336-889-8990.

Cohen & Company is brokering leases at Village Mall in Horsham, PA. The center is located at the intersection of Blair Mill Road and Moreland Avenue and is being renovated. Spaces from 10,000 sq.ft. to 140,000 sq.ft. are available with a spring 2001 move-in date. The center is anchored by Acme Supermarkets, Eckerd Drugs and Bradlees Department Store. Area demographics include a population count of 87,000 residing in a three-mile radius earning an average annual household income of $58,000.

For more information contact Robert Altschuler, Cohen & Company, 21 East 40th Street, New York, NY 10016; 212-679-1222 ext. 318; Fax 212-679-1533; E-mail: Altschuler@cohenco.com

Trademark Real Estate Investments will develop the 450,000 sq.ft. Gateway Station on 55 acres due south of Fort Worth, TX. The power center will be located at Interstate 35 and McAlister Road and will be anchored by a 346,000 sq.ft. Kohl’s store. Phase one of the center will break ground in March and is scheduled to be completed in spring 2002.

For more information contact Terry Montesi, Trademark Development, 301 Commerce Street, Suite 3060, Fort Worth, TX 76102; 817-870-1122; Fax 817-429-1815.

Two developers are vying to build grocery-anchored centers at the same intersection in Elk Grove, CA. The sites are located at Elk Grove Boulevard and Waterman Road with FHK Companies wanting to place a 46,600 sq.ft. Bel-Air Supermarket with 21,000 sq.ft. of supporting retail on the northeast corner and Safeway envisions a 46,000 sq.ft. store with 24,400 sq.ft. of retail on the southeast corner. Both plans would need changes in the East Elk Grove Specific Plan, but only one is expected to be approved by city council.

For more information contact The FHK Companies, 640 Watt Avenue, Suite 100, Sacramento, CA 95864-5064; 916-485-3444; Fax 916-485-8470 or Safeway, 5918 Stoneridge Mall Road, Pleasenton, CA 94588-3229; 925-467-3000; Fax 925-467-3625.