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New Construction
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New ConstructionFirst Commercial Realty is leasing the 94,000 sq.ft. Whispering Woods Plaza in Brownstown Township, MI. The center is anchored by Kroger and is located at the intersection of Interstate 75 and Gibralter Road. The center is scheduled to open in September 2001 and has a population count of 36,000 residing in a three-mile radius earning an average annual household income of $61,500. The area is experiencing growth as over 8,000 homes are planned or under construction within a three-mile radius of the site. For more information contact Allen G. Rock, First Commercial Realty, 29500 Telegraph Road, Suite 110, Southfield, MI 48034; 248-352-5000; Fax 248-352-2144.
Masada Management Company is developing the 50,000 sq.ft. Elk Run Plaza in Conifer, CO. The center is scheduled for completion in Fall 2001. For more information contact Steve Cohen, Masada Management, 303-674-2755; Fax 303-679-0677.
Pueblo Associates, LLC is developing a $50 million power center in Pueblo, CO. The project is located on Dillon Drive and extending the road to the Eden interchange is possible with the building of the center. The center is expected to have three 100,000 sq.ft.-plus anchors and several smaller stores and restaurants. For more information contact Marc A. Kahan, Prime Commercial Inc., 740 North Rush Street, Suite 612, Chicago, IL 60611-2525; 312-654-9060
Weingarten Realty Investors is developing the 254,000 sq.ft. Prien Lake Plaza in Lake Charles, LA. The site is located at the intersection of Prien Lake Road and Nelson Avenue and has visibility from Interstate 210. The center will be anchored by Target and will be completed in 2002. For more information contact Patty Bender, Weingarten Realty Investors, 2600 Citadel Plaza Drive, P.O. Box 924133, Houston, TX 77292; 713-866-6010; Fax 713-866-6049.
Childress Klein Properties Inc. is developing the 500,000 sq.ft. Promenade on Providence in Charlotte, NC. The mixed-use development will be built in three phases. Phase one will include a 135,000 sq.ft. Home Depot and a 10,000 sq.ft. CVS Pharmacy which will open in July 2001. Phase two is 150,000 sq.ft. and will break ground in July. For more information contact David Haggart, Childress Klein Properties, Inc., 2800 One First Union Center, 301 South College Street, Charlotte, NC 28202; 704-342-9000; Fax 704-342-9039.
Comar Management is developing the 400,000 sq.ft. Kingstown Town Center in Kingstown, VA. Phase one will open in April, anchored by Cost Plus, Toys ‘R’ Us, Panera Bread, TJ Maxx, HomeGoods and La-Z-Boy Galleries. Phase two will be anchored by a 65,000 sq.ft. Safeway in the company’s new prototype and will be open in November. The center has a space of 13,000 sq.ft. available as well as some small shop space. Area demographics include a population count of 100,122 residing in a three-mile radius earning an average annual household income of $74,205. For more information contact Sam Hodges, KLNB Inc., 1320 Old Chain Bridge Road, Suite 350, McLean, VA 22101; 703-288-4000; Fax 703-288-2999.
Plaza Properties is developing the 73,100 sq.ft. Hunter’s Run in Pickerington, OH. The center will be anchored by Bed Bath & Beyond and Barnes & Nobles Booksellers and is located at the intersection of State Routes 256 and 204, adjacent to a 16-screen Marcus Theater. The center has 11 spaces of 1,600 sq.ft. available. Area demographics include a population count of 50,000 residing in a three-mile radius earning an average annual income of $57,225. For more information contact Nick Vollman, Plaza Properties, 3016 Maryland Avenue, Columbus, OH 43209; 614-238-2001; Fax 614-237-3219.
Sodi, Inc. is developing the 490,000 sq.ft. North Pointe Center in Durham, NC. The center is located at the intersection of Interstate 85 and Guess Road and is anchored by Kroger, PetsMart, Home Depot, Costco, GNC and Great Clips. Bed Bath & Beyond, Ross and World Market are opening soon. The center has 4.5 acres available that will accommodate 30,000 sq.ft. of retail and 10,000 sq.ft. of in-line space. Area demographics include a population count of 226,000 residing in a 10-mile radius earning an average annual household income of $52,000. The average daily traffic count is 100,000 cars with 80% being local traffic. For more information contact Jerry Dickens, Sodi, Inc., 2705 Guess Road, Durham, NC 27705; 919-220-4188; Fax 919-220-4203.
Jagee Properties is developing the 26,892 sq.ft. Shops on Cooper in Arlington, TX. The center is located at the intersection of South Cooper Street and Blue Danube Avenue, one block from a 1.6 million sq.ft. regional mall. The center will be anchored by Target, Barnes & Noble and Office Depot. The center is scheduled to open October 2001. Spaces from 4,642 sq.ft. to 10,000 sq.ft. are available. Area demographics include a population count of 263,415 residing in a five-mile radius earning an average annual household income of $61,528. For more information contact Bill Jackson, Jagee Properties, 3228 Camp Bowie Boulevard, Fort Worth, TX 76107; 817-335-5881; Fax 817-335-1905.
Beatty Management Company is leasing the 98,500 sq.ft. Travile Village Center in Montgomery County, MD. The center is located at the intersection of Shady Grove and Darnestown Roads and will be anchored by Harris Teeter. The center is scheduled to open between fall 2001 and spring 2002. Area demographics include a population count of 216,293 residing in a five-mile radius earning an average annual household income of $104,848. For more information contact Beatty Management Company, 6824 Elm Street, Suite 200, McLean, VA 22101; 703-821-0500; Fax 703-442-7545; E-mail: leasing@beattycos.com.
Realty Capital Partners is developing a 28,000 sq.ft. retail space on the ground floor of a five-story office building at Sandy Spring Plaza located on Rockville Pike in Rockville, MD. The space will be available in early 2003. For more information contact Howard C. Brown, Realty Capital Partners, 7600 Colshire Drive, Suite 215, McLean, VA 22102; 703-748-1000; Fax 703-748-8420.
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