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New Construction
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New Construction Turner Adreac Development Company has plans to develop 20 acres in Cinco Ranch TX for a mixed-use project called The Reserve. The development is expected to be constructed on 8.8 acres at the intersection of Westheimer Parkway and Mason Road and will consist of 30 000 sq.ft. of specialty retail and professional space. The project will include fast-food and sit-down restaurants freestanding service retail facilities and a day-care center. First American Bank acquired 1.48 acres at The Reserve for a branch location and Judwin Properties purchased 11.6 acres for a 276-unit apartment complex. The center is expected to open in Summer 2002. For more information contact Turner Adreac Development Company 14100 Southwest Freeway Suite 450 Sugar Land TX 77478; 281-240-9300 Fax 281-240-0044; Web site: www.turneradreac.com. Sugarloaf Meadowchurch LLC is developing two centers next to a Walgreens drug store in Duluth GA. About 7 200 sq.ft. of retail space is available in the shopping center fronting Sugarloaf Parkway and 8 400 sq.ft. is available fronting Meadow Church Road with 1 200 sq.ft. spaces available in both developments. Area demographics include a population of 109 951 earning an average household income of $72 306.For more information contact W. Michael Caldwell Sugarloaf Meadowchurch LLC P.O. Box 923389 Norcross GA 30010; 770-447-8847. Granite Properties and Trammell Crow Company are developing NorthWest MarketPlace a 185 000 sq.ft. shopping center on a 25-acre site in Houston TX. The $22 million project is located on U.S. Highway 290 and will be anchored by Old Navy Office Depot and PetsMart. For more information contact Granite Properties 2925 Briarpark Suite 100 Houston TX 77042; 713-781-8000 Fax 713-784-4141 or Trammell Crow Company 301 Congress Avenue Suite 1300 Austin TX 78701-1149; 512-320-5598 Fax 512-320-5586; Web site: www.trammellcrow.com. NAI Hiffman is developing a 500 000 sq.ft. center at the intersection of Bell Road and 143rd Street in Lemont IL. The center will be anchored by a 190 000 sq.ft. Meijer. The project will include several anchor and mid-anchor positions outlots for sale or lease and 20 000 sq.ft. of small shop space. For more information contact Robert Swierbut NAI Hiffman One Oakbrook Terrace Oakbrook IL 60181; 630-932-1234 Fax 630-932-7258. Central Place Real Estate is developing Junction Center a 16 200 sq.ft. strip center at the intersection of Beltline Highway and Junction Road in Madison WI. About 8 200 sq.ft. is available. The center will be anchored by Gateway Computer and also will be tenanted by Outback Steakhouse. Area demographics include a population of 47 486 residing in a three-mile radius earning an average household income of $85 739 and an average daily traffic count of 94 100 vehicles. Nearby retailers include Target Bed Bath & Beyond Old Navy JC Penneys Younkers and Sears. Construction began in Spring 2001 and the center is expected to be completed in Summer 2002. Market and asking rent are $20.00 per sq.ft. For more information contact Robert A. Zache Central Place Real Estate 8383 Greenway Boulevard Suite 570 Middleton WI 53562; 608-836-9070 Fax 608-836-5547; Email: info@centralplacere.com; Web site: www.centralplacere.com. The Makens Company is developing Mansfield Towne Crossing a 56-acre project located in Mansfield TX. The center will include a Home Depot and another big-box retailer. The company also is developing Country Club Crossing a 30-acre development located in Mansfield TX. The project is slated for a hotel office building and strip shopping center with two restaurants. Mansfield has a trade area population of 26 000.For more information contact The Makens Company 2300 Airport Freeway Suite 230 Bedford TX 76022; 817-540-3229 Fax 817-540-1583; Web site: www.makens.com. Kohler Group Commercial Real Estate has proposed a plan to develop Bethlehem Town Center a 275 000 sq.ft. retail center at the intersection of Route 378 and Eighth Avenue in Bethlehem PA. The center will be anchored by a 135 000 sq.ft. Lowe’s Home Center and 65 000 sq.ft. has been allotted for shop space. Ruby Tuesday also will tenant the center. For more information contact Kohler Group Commercial Real Estate 636 Old York Road Second Floor Jenkintown PA 19046; 215-887-7010 Fax 215-887-7040. The Robert Muir Company is developing Park Village a 300 000 sq.ft. retail center in Brooklyn Park MI. The center will be built on a 35-acre site on Highway 610 and will be anchored by a general merchandiser and a grocery store. Construction is expected to begin at the site in Spring 2002.For more information contact The Robert Muir Company 2850 Metro Drive #503 Bloomington MI 55425-2930; 952-851-9110 Fax 952-854-9549. RFM Commercial is developing Atascosa Market Shopping Center a 31 000 sq.ft. retail center located on four acres at the intersection of Highway 97 and Wheeler Boulevard in Pleasanton TX. The center’s tenants will include Comet Cleaners Mail Boxes Etc. and Radio Shack and will be adjacent to Super Wal*Mart. The center will serve a five-county population of more than 100 000. For more information contact RFM Commercial 1920 Nacogdoches Road Suite 201 San Antonio TX 78209-2241; 210-826-0036 Fax 210-821-6519. Edgemark LLC has proposed a plan to develop a 75 000 sq.ft. shopping center at the intersection of U.S. 30 and Wolf Road in Mokena IL called Mokena Corners. The center will be tenanted by Osco Pharmacy a bank restaurants and retail shops. The company also is planning to develop a shopping center anchored by Dominick’s adjacent to Mokena Corners. For more information contact Edgemark LLC 2215 York Road Suite 503 Oak Brook IL 60523; 630-472-1010 Fax 312-245-5033; Web site: www.edgemarkllc.com. The Sansone Group is redeveloping Shoppes at Cross Keys a $50 million shopping center located at the intersection of New Halls Ferry Road and Lindbergh Boulevard in Florissant MO. The project which is funded with a $15.5 million T.I.F. will consist of two phases. The first phase will involve the renovation of the center for its major supermarket anchor Schnucks. The second phase will involve construction for new tenants. Construction is expected to begin in Spring 2002 and the project is slated for completion in Spring 2004. For more information contact The Sansone Group 120 South Central Avenue Saint Louis MO 63105; 314-727-6664 Fax 314-727-6101; Web site: www.sansonegroup.com.
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