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New Construction
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New ConstructionThe Widewaters Group is developing the 185,000 sq.ft. Target Center in Ithaca, NY. The center will be anchored by Target and is located at the intersection of Sandbank Road and Route 13. The site is located near the Pyramid Mall, Triphammer Mall and The Commons and is scheduled to open in March 2002. The center has 63,000 sq.ft. available and is able to subdivide. Area demographics include a population of 54,585 residing in a five-mile radius earning an average annual household income of $40,281. The company is also building The Shops at Timber Lake in Garner, NC. The 92,000 sq.ft. center will be anchored by Lowe’s Foods and is located at the intersection of Timber Drive and Aversboro Road. The site has 45,000 sq.ft. of subdividable space and is scheduled to open fall 2001. Area demographics include a population of 50,741 residing in a five-mile radius earning an average annual income of $45,094. For more information contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, P.O. Box 3, Dewitt, NY 13214; 315-445-2424; Fax 315-445-8564.
Plaza Properties is developing three sites in central OH. Two projects are located near the intersection of State Routes 204 and 256 in Pickerington, OH; the 59,500 sq.ft. Summerfield Centre and phase II of the Hunter’s Run Centre. Area retailers include Bed Bath & Beyond, Barnes & Nobles and Marcus Cinemas. Area demographics include a population of 50,000 residing in a three-mile radius earning an average annual household income of $57,225. The company is also developing phase II of Johnstown Village Square located on Route 62 in Johnstown, OH. The center is anchored by Kroger’s and is also tenanted by Revco and McDonald’s. Area demographics include a population of 39,576 in a ten-mile radius earning an average annual household income of $64,044. For more information contact Nick Vollman or Baron Moskovitz, Plaza Properties, Inc., 3016 Maryland Avenue, Columbus, OH 43209-1591; 614-237-3726; Fax 614-237-3219.
Vons Supermarkets is looking for government assistance in developing a $14.4 million mixed-use center in Long Beach, CA. The five-acre complex would include a 55,000 sq.ft. supermarket and is located between Broadway and First Street and Atlantic and Alamitos Avenues. The store would replace the existing store at Broadway and Atlantic Avenue. The company is seeking $5 million from city redevelopment officials to help cover property acquisition and tenant relocation costs. For more information contact David J. Zylstra, The Vons Companies, Inc., 618 Michilinda Avenue, Arcadia, CA 91007-6300; 626-821-7060; Fax 626-821-7914.
The Jaffe Companies and Mid-America Real Estate Group are developing the 400,000 sq.ft. Orchard Grove in Aurora, IL. The 45-acre site is located at the intersection of Orchard and Indian Trails Roads and will include Meijers and Home Depot. Home Depot opened in the first quarter of 2001 and inline space will be built with the 200,000 sq.ft. Meijers store. For more information contact Mike Jaffe, The Jaffe Companies, 605 Valley Road, Glencoe, IL 60022; 847-242-0555; Fax 847-242-0556.
Shea Properties is developing the 130,000 sq.ft. Shops at Waterford in the $100 million Waterford mixed-use project in Aliso Vielo, CA. The center will be anchored by a 52,000 sq.ft. Safeway and will feature public plazas and outdoor dining areas. The Safeway is set to open in November and the rest of the project is scheduled to open in the first half of 2002. For more information contact Bob Burke, Shea Properties, 26840 Laguna Hills Drive, Suite 100, Aliso Viejo, CA 92656; 949-389-7000; Fax 949-389-7300.
Pacific Development Group and CB Richard Ellis are developing the 1 million sq.ft. of retail space at the 434-acre master planned Colonies at San Antonio in Upland, CA. Current plans call for a major general merchandiser, home improvement, grocery and a drug store, as well as specialty retail spaces. The project is located at the intersection of Campus Avenue and Interstate 210 Freeway extension. Area demographics include a population of 267,000 residing in a five-mile radius and those in a one-mile radius have an average annual household income of over $100,000. For more information contact Tom Swieca, Cathleen Rose, Tony Archer or Bill Thomas, CB Richard Ellis, 4141 Inland Empire Boulevard, Suite 100, Ontario, CA 91764; 909-418-2000.
Hagan Seay Properties is expanding the Shelbyville Road Plaza in Louisville, KY. The project is undergoing renovation and will encompass 365,000 sq.ft. when completed this summer. The center will be anchored by Circuit City, Wild Oats Market, Linens ‘N Things, Honey Baked Hams, Hawley-Cooke Booksellers and Coconuts Music & Video. The company is also redeveloping the 325,000 sq.ft. Middletown Station in Louisville, KY. The center was formerly anchored by a Biggs Hypermarket and is located on Shelbyville Road immediately west of Interstate 265. Twelve outlots are available and completion of the main building is scheduled for mid-2002. For more information contact Ron McGehee, Hagan Seay Properties, 11901 Brinley Avenue, Suite 100, Louisville, KY 40243; 502-245-8800; Fax 502-245-7747. |