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New Construction
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New Construction Fortwest LLC an affiliate of Fortunoff will build a new store on the site of a current Saks Fifth Avenue store located on Bloomingdale Road in White Plains NY. The company has received preliminary approval for $70 million in bonds from the Westchester County Industrial Development Agency to put toward the construction. Outparcel sites may become available around the proposed 200 000 sq.ft. store. For information contact Andrea Fortunoff Fortunoff Retail Stores 70 Charles Linburgh Boulevard Uniondale NY 11553; 516-542-0027 Fax 516-542-4177 . Keegin & Coppin Co./Oncor International is leasing space from $1.85 to $2.10 psf monthly on NNN leases in the Shiloh Center a 344 000 sq.ft. retail power center under construction on 36.7 acres located on Highway 101 in Windsor CA. Wal*Mart and Home Depot will anchor the project which will serve a population of 115 000 residing within a five-mile radius earning an average household income of $53 109. Traffic counts estimate 60 000 cars per day on Highway 101.For information contact Keegin & Coppin Co./Oncor International Inc. 1355 North Dutton Avenue Santa Rosa CA 95401; 707-528-1400 Fax 707-524-1419.
Atlantic Retail Properties is leasing a 22 000 sq.ft. space in the proposed 107 815 sq.ft. Middletown Village Shopping Center located on Route 14 in Middletown RI. Linens N Things Old Navy Barnes & Noble and Petco will anchor the center. Other area retailers include Wal*Mart BJ’s and Staples. Area demographics include a population of 58 612 residing in a five-mile radius earning a median household income of $44 578. Space also is available in 75 000 sq.ft. Norfolk Town Commons shopping center located at Route 115 and Main Street in Norfolk MA. Area demographics include a population of 68 881 earning a median household income of $68 915 resides within five miles of the site. Space is available in the 200 000 sq.ft. 101A Plaza in Nashua NH which will serve a five-mile population of 118 010 earning a median household income of $51 412. Walker’s Brook Crossing is a 500 000 sq.ft. mixed-use development at I-95 and Walkers Brook Drive in Reading MA. The center will be anchored by a 150 000 sq.ft. Home Depot and a 150 000 sq.ft. Jordans. A 7 000 sq.ft. restaurant pad is available at the site which serves a population of 176 324 earning a median household income of $63 602 within five miles. The firm also is marketing a 30 000 sq.ft. space and an 18 000 sq.ft. space in Mashpee Village on Route 28 in Mashpee MA. Population demographics estimate 30 980 people earning a median household income of $47 753 live within five miles of the site.For information contact Atlantic Retail Properties 11 Ray Avenue Burlington MA 01803; 781-472-3600; Web site: www.atlanticretail.com.
Stiles Corp. is developing the 79 590 sq.ft. Heathbrook Commons Shopping Center situated on 11.7 acres on Route 200 in Ocala FL. The center will be anchored by a 54 340 sq.ft. Publix grocery. The project is part of the Bonnie Heath Farms Development of Regional Impact a development tract consisting of 2 500 residences a 36-hole golf course a hotel and 800 000 sq.ft. of retail and office space.For information contact Douglas Eagon Stiles Corp. 300 Southeast 2nd Street Ft. Lauderdale FL 33301; 954-627-9300 Fax 954-627-9386.
Maestas & Ward Commercial Real Estate is marketing junior anchor space pad sites and shop space at a 240 000 sq.ft. Home Depot-anchored shopping center located at the intersection of I-25 and State Road in Los Lunas NM. Area retailers include McDonald’s a Chevron service station Translux Theatre Wendy’s and Texaco. A Super Wal*Mart also is proposed nearby. For information contact Maestas & Ward Commercial Real Estate 6121 Indian School Road Northeast Suite 200 Albuquerque NM 87110; 505-878-0001 Fax 505-878-0002.
Regency Centers will develop a shopping center on 28 acres adjacent to Linfield College in McMinnville OR. Construction is scheduled to begin in the first quarter of 2002 with store openings slated for late 2002 and early 2003.For information contact Craig Ramey Regency Centers Northwest Region 4000 Kruse Way Place Building One Suite 130 Lake Oswego OR 97035; 503-534-5200 Fax 503-675-7600; Email: cramey@regencycenters.com.
Stanbery Development plans to build an 88 000 sq.ft. shopping center on 50 acres in Denville NJ. Tenants may include Gap Ann Taylor and Banana Republic. The project in the process of receiving the needed variances. For information contact Jon Meyer Stanbery Development 1357 West Lane Avenue Suite 207 Columbus OH 43221; 614-437-8100 Fax 614-437-8101.
The Sembler Co. is developing three shopping centers in GA: Parkway Plaza in Savannah; Marketplace in Athens and Henry Town Center in McDonough. The 368 000 sq.ft. Parkway Plaza is located at the intersection of Montgomery Cross Road and Harry S. Truman Parkway and will be anchored by a SuperTarget with several retail spaces and outparcel sites available for lease. Set to open in the fourth quarter of 2002 the center will serve a population of 119 776 earning an average household income of $50 745 within five miles. Marketplace located on Highway 78 will have a GLA of 200 000 sq.ft. with a 174 000 sq.ft. SuperTarget and two other large retailers. The center is scheduled to open in Spring 2002. The 700 000 sq.ft. Henry Town Center is scheduled to open in July 2002. Located near I-75 the center will serve a population of 211 863 in Polygon GA with an average household income of $54 063 within five-mile radius. The average daily traffic count is 98 350 cars on I-75. Tenants include Home Depot SuperTarget Old Navy Ross Dress for Less Michael’s Marshalls PetsMart O’Charleys Burger King and Red Lobster. Inline and outparcel space still is available for lease. The firm also is developing Valley Bend at Jones Farm in Huntsville AL. The 900 000 sq.ft. multi-anchored shopping development includes a power center to be anchored by a 174 000 sq.ft. SuperTarget. The project is situated on 100 acres located at the intersection of Carl T. Jones Parkway and Four Mile Post Road. Area demographics include a population of 80 561 earning an average household income of $65 429 within five-mile radius. Retail and outparcel space still is available for lease at the project which is set to open in the fourth quarter of 2001. For information contact The Sembler Co. 5858 Central Avenue PO Box 41847 St. Petersburg FL 33743-1847; 727-384-6000 fax 727-343-4272.
W.M. Grace Development Co. is developing four retail properties in AZ. The 225 000 sq.ft. Casa Grande Home Depot shopping center at the intersection of Pearl Road and Highway 287 in Casa Grande will serve a trade-area population of 80 913 earning an average household income of $34 676. Space for a 55 300 sq.ft. grocery store a 19 234 sq.ft. junior anchor and a 6 300 sq.ft. retail shop along with five pad sites is available at the center. A 57 600 sq.ft. Basha’s-anchored shopping center at Highway 95 and Oro Grande Boulevard in Lake Havasu is scheduled to open in the third quarter of 2002. The 78 000 sq.ft. center will serve a trade-area population of 42 741 earning an average household income of $47 104. Arrowhead Square a 252 000 sq.ft. retail center anchored by an existing 156 000 sq.ft. Kmart Supercenter is located at 67th Avenue and Bell Road in Glendale. Area retailers include Greenbacks Chuck. E. Cheese Arco AM/PM Taco Cabana and Jiffy Lube.The average daily traffic count is 75 400 cars on Bell Road. The company is developing Phase IV of Frontier Village on Highway 69 in Prescott. The first three phases totaling 700 000 sq.ft. include 65 tenants including: Target Wal*Mart Home Depot Basha’s Ross Dress for Less Office Max Frontier Village 10 Cinema Petco Ben Franklin Crafts Factory 2U Fashion Bug Popular Outdoor and Pretty Party Place. Phase IV of the regional power center will have a GLA of 500 000 sq.ft. The average daily traffic count is 41 000 cars on Highway 69. Area demographics include a population of 120 000 earning an average household income of $41 000 in the trade area. For information contact W.M. Grace Development Co. 7575 North 16th Street Suite One Phoenix AZ 85020; 602-956-8254 Fax 602-943-3548.
The Advance Group will develop a 135 acre mixed-use project including 600 000 sq.ft. of retail space located along the Passaic River in Harrison NJ. The development will also feature 2.5 million sq.ft. of office space and 2 500 residences. Roseland Properties will develop another 100 000 sq.ft. of ground-floor retail space in its portion of the project comprised of 885 000 sq.ft. of office space and 428 residential units situated on 35 acres at the site. The Pegasus Group will construct a large hotel at the project. For information contact Joe Romano The Advance Group 1430 Route 206 Bedminster NJ 07921; 908-719-3000 Fax 908-719-9444.
Grubb & Ellis Nevada Commercial Group is leasing two properties on McCarran Boulevard in Reno NV; a proposed 115 300 sq.ft. shopping center at Highway 395 and the 185 000 sq.ft. Ridgeview Plaza at MaeAnne Avenue. Area demographics include a population of 204 335 earning a median household income of $41 363 in the trading area. Area retailers include Home Depot Albertson’s Super Kmart Wal*Mart Winco Office Max Ross Dress for Less Safeway Shopko Blockbuster McDonald’s and Petco.For information contact Grubb & Ellis Nevada Commercial Group PO Box 70278 Reno NV 89570; 775-332-2800 Fax 775-332-2810.
Goldberg Property Associates Inc. is leasing the Wal*Mart and Home Depot-anchored Parker Pavilions located at Parker and Hilltop Roads in Parker CO. Scheduled to open shortly the 468 200 sq.ft. shopping center on 56 acres will serve a population of 65 932 earning a median household income of $74 136 residing within five miles. The firm also is marketing Mulberry and Lemay Crossings a 339 072 sq.ft. shopping center situated on 42 acres in Fort Collins CO. The Wal*Mart-anchored center will be located at the intersection of Mulberry Street and South Lemay Avenue. The project is scheduled to open in the fourth quarter. The company is marketing a proposed shopping center on 17.8 acres at the intersection 44th Avenue and Ward Road in Wheat Ridge CO with a GLA of 160 680 sq.ft. For information contact Scott Steputis or Todd Ream Goldberg Property Associates Inc. 1120 Lincoln Street Suite 1101 Denver CO 80203; 303-759-8000; 303-863-0275.
The Peterson Companies is developing the 400 300 sq.ft. Washington Gateway power center on New York Avenue in Washington DC. The average daily traffic counts is 135 000 cars on New York Avenue. Planned uses include grocery home improvement general retail and freestanding pad sites.For information contact Paul Weinschenk The Peterson Companies 12500 Fair Lakes Circle Suite 400 Fairfax VA 22033; 703-631-7585 Fax 703-818-1250; Email: pweinschenk@petersoncos.com.
Opus Northwest LLC is developing Broadstone Plaza on 55 acres in Folsom CA. Phase I of the project 280 000 sq.ft. of retail space is complete. The 120 000 sq.ft. Phase II should be finished by November. Tenants at the retail project include Babies R Us Cost Plus and Sport Mart/Garts. The sale of a 7 150 sq.ft. restaurant pad is in negotiation. The firm also is developing Opus Way a 250 000 sq.ft. shopping center on 26 acres off of I-5 in Federal Way WA. The project should be complete by Spring 2003. The proposed Promenade at Natomas a 1.2 million sq.ft. retail entertainment complex in Sacramento CA has a scheduled completion date of Spring 2003. The location 126 acres adjacent to Routes 5 and 80 is served by existing retailers including Wal*Mart Home Depot Regal Cinemas Michael’s Staples PetsMart and Ross Dress for Less.For information contact Tammy Cane Opus Northwest LLC 915 118th Avenue Southeast Suite 300 Bellevue WA 98005; 425-453-4100 Fax 425-453-1712. |