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New Construction
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New ConstructionVestar is one of four development teams that made presentations to the San Diego County Board of Supervisors challenging for the rights to build up 257 acres of county-owned land along the San Diego River in Santee, CA. The land, adjacent to a women’s detention facility and a mental hospital, is zoned for high-tech development but other uses are not precluded according to city officials. Vestar has developed the 407,000 sq.ft. Rancho San Diego Towne Center and redeveloped the 600,000 sq.ft. College Grove Center in the San Diego area. For more information contact Vestar Development Corp., 2425 East Camelback Street, Suite 750, Phoenix, AZ 85716; 602-553-2600, Fax 602-955-2298.
Dominick’s broke ground for a 65,000 sq.ft. store at the 400,000 sq.ft. Fox Lake Commons Shopping Center in Fox Lake, IL. Starbuck’s Coffee and Bank One will also tenant phase one of the center located at Routes 12 and 134. A 120,000 sq.ft. retail space and a 30,000 sq.ft. nursery area are available. For more information contact Great Lakes Principal LLC, 221 W. Illinois Street, Wheaton, IL 60187; 630-221-7000; Fax 630-221-7009.
RED Capital Development will begin construction on the Zona Rosa project in Kansas City, MO. The City Council will finance $15.2 million in improvements for the intersection of Interstate 29 and Barry Road. The 200,000 sq.ft. mixed-use center will be built in phases over the next ten years. The area demographics include a population count of 29,244 within a five-minute drive time earning $56,501 as the average household income. The company is also developing a 420,000 sq.ft. center in Madison, WI. Van Maur has signed on to anchor the center located on the western edge of Lake Mendota. Area demographics include a population count of 86,403 in a five-mile area earning an average household income of $78,054. Ground breaking is set for fall 2001. For more information contact RED Capital Development, 1100 Main Street, Suite 2700, Kansas City, MO 64105; 816-531-8100, Fax 816-531-4470.
Turnberry Associates is developing the adjacent land to its Aventura Mall in Miami, FL for a 225,000 sq.ft. center named Aventura Crossing. The 16.35 acre plot is currently a mobile home park but is under contract to be sold to Araphahoe Investment Company for $9.2 million. Potential tenants include the Container Store, Mikasa, Nordstrom Rack and Crate & Barrel. For more information contact Ed Gandinsky, Gadco Real Estate Company, 1048 Kane Concourse, Miami, FL 33154; 305-868-9188. Masada Management is developing the 50,000 sq.ft. Elk Run Plaza in the Evergreen, CO area. The center will be completed by fall 2001. For more information contact Steve Cohen, Masada Management, 303-674-2755; Fax 303-679-0677.
Cuddeback West, LLC will build a 149,000 sq.ft. freestanding discount store on 22.6 acres at West 11th Avenue and Belt Line Road in Eugene, OR. The plan submitted for approval includes room for a 75,000 sq.ft. expansion to the initial structure. For more information contact Randy Cuddeback, 1762 West Second Avenue, Eugene, OR 97402; 541-345-0581; Fax 541-343-4656.
Environmental Community Development broke ground on phase two of CityPark in Lincolnshire, IL. The $30 million project includes 75,000 sq.ft. of retail space and 2,600 parking spaces. The mixed-use development’s first phase included Regal Cinemas, Hampton Inn & Suites, Wildfire and Big Bowl as tenants. The area’s demographics include a population count of 179,268 in a five-mile radius earning an average household income of $102,741. For more information contact Sharon Kahan, CB Richard Ellis, 312-297-7679.
The Rappaport Companies is developing the 280,000 sq.ft. Bristow Shopping Center in Manassas, VA. The grocery-anchored center will be located at the intersection of Routes 619 and 28 and is adjacent to high-tech office and exclusive single family developments. For more information contact The Rappaport Companies, 8081 Wolftrap Road, Second Floor, Vienna, VA 22182; 703-205-6440; Fax 703-204-2671.
Packard-Samuels Development is building a 320,460 sq.ft. center directly across form Crystal Mall in Waterford, CT. The site is one mile from both Interstate 95 and 395 interchanges and shares a signal with a Target being built on Route 85. Area demographics include a population count of 89,076 in a five-mile radius earning an average household income of $52,797. Proposed tenants include Dick’s Sporting Goods, Best Buy, A&P Supermarket, Borders, Circuit City, Michael’s and Linens ‘N’ Things. The company is also developing the Hingham Shipyard in Hingham, MA. The mixed-use project is scheduled to open Fall 2001 and includes 226,000 sq.ft. of retail space. A 43,500 sq.ft. space for a grocer and retail spaces of 7,000 sq.ft. to 30,000 sq.ft. are available. Area demographics include a population count of 51,127 in a five-mile radius earning $67,687 as the average household income. Packard Development is also involved with the 282,300 sq.ft. Maine Crossing in South Portland, ME. The power center is directly across from the Maine Mall and will be anchored by Target, Bed Bath & Beyond, Old Navy and Babies ‘R’ Us. Retail spaces from 5,100 sq.ft. to 8,600 sq.ft. are available as is a retail pad and restaurant sites. Area demographics include a population count of 93,445 residing in a five-mile radius earning an average household annual income of $47,540. For more information contact Packard Development, One Wells Avenue, Newton, MA 02459; 617-965-1966; Fax 617-965-2519.
Triangle Equities broke ground on the Brookville Center in Queens, NY. The 200,000 sq.ft. power center is located on Rockaway Boulevard and Brookville Boulevard. The center is down the street from Five Towns Shopping Center and includes four 25,000 sq.ft. plus retail sites and two 8,000 sq.ft. restaurant sites. Trade area demographics include a population count of 238,159 earning $77,966 as an average household income. For more information contact Peter Botsaris, Garrick-Aug Associates, 360 Lexington Avenue, New York, NY 10017-6502; 212-557-9090; Fax 212-681-9872.
Diamond Development LLC is developing the 200,000 sq.ft. Greyrock Place in Stamford, CT. The mixed-use building will offer 80,000 sq.ft. of retail space on the first two floors and NNN lease rates beginning at $35 psf. The project is scheduled to open in Spring 2002 and has access to Interstate 95 and the MetroNorth Train Station. For more information contact Diamond Development, P.O. Box 762. Skaneateles, NY 13152; 315-685-4730; Fax 315-685-4753. The leasing agent is Penny Wickey of Rand Real Estate Services, Inc., 175 Post Road West, Westport, CT; 203-226-8727, Fax 203-221-7677.
Wargo Vigdor Kepner Properties, LLC are developing the following properties: Giant Plaza in Morgantown, PA at the intersection of Route 23 and Swamp Road features demographics with a population count of 86,915 in a ten-mile radius earning an average household income of $78,477. Dover Marketplace in Dover, DE is located between Route 13 and 13A. The center will be serviced by a new connector road between the two routes and a new bypass road. Demographics include a population count of 90,502 in a ten-mile radius earning an average household income of $51,440. Wawa leased an outparcel. A 1 million sq.ft. power center in Hamilton, NJ at the intersection of Route 130 and Crosswicks Hamilton Square Road will service a population count of 112,142 in a ten-mile radius earning an average household income of $77,002. For more information contact Marc Melnick or Chas Wargo, Wargo Vigdor Kepner Properties, 580 Shoemaker Road, Suite 100, King of Prussia, PA 19406; 610-962-0600; Fax 610-962-5365. |