New Construction
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New Construction

S.L. Nusbaum Realty Co. is developing Wal*Mart Way Crossing, a 75,250 sq.ft. center that will be located at the intersection of Battlefield Boulevard and Wal*Mart Way in Chesapeake, VA. The center will be adjacent to a Wal*Mart Supercenter, Sam’s Club, Garden Ridge, Ryan’s Steakhouse, Chick-Fil-A, Applebee’s Neighborhood Bar & Grill, Wendy’s and Chuck E. Cheese. Spaces from 1,000 sq.ft. to 30,000 sq.ft. are available. Opening is slated for this Fall.

For more information, contact Troy Parker, S.L. Nusbaum Realty Co., 1000 Bank of America Center, One Commercial Place, Norfolk, VA 23510; 757-640-9499.

Cahan Properties is developing Woodcreek Village Shopping Center at 4051 Woodcreek Oaks Boulevard in Roseville, CA. The center will be anchored by a 52,000 sq.ft. Ralphs supermarket. Other tenants will include Starbucks, Dominos Pizza, Pick Up Stix and Golden One Credit Union. The center is scheduled to open late this Summer.

For more information, contact Cahan Properties, 11440 West Bernardo Court, Suite 273, San Diego, CA 92127-1644; 858-613-2929, Fax 858-613-2920.

Taylor Investment Properties LLC is developing 110 Oakwood, a 115,000 sq.ft. office and retail development located on South Stratford Road in Winston Salem, NC. The five-level building will have ground floor restaurant and retail space. Tenants will include Starbucks, which will occupy 1,300 sq.ft. and have an outdoor patio. Construction is expected to be complete this Summer.

For more information about leasing, contact Greg Wilson, Carter & Associates Oncor, 301 North Main Street, Suite 800, Winston Salem, NC 27101; 336-331-9399, Fax 336-773-1098; Email: gwilson@carterusa.com; Web site: www.carterusa.com.

The Centre Development of Lake Havasu City, Arizona is developing The Centre, a master-planned, 270-acre mixed-use retail/commercial development. The site is adjacent to The Lake Havasu City Airport and will be anchored by a Home Depot. Area demographics include a trade area population of more than 200,000 permanent residents. The city of Lake Havasu borders the eastern shore of the 45-mile long Lake Havasu and is home to The American London Bridge, which has more than two million visitors annually.

For more information, contact Glenn D. Gavagan, The Centre Development of Lake Havasu City, Arizona, PO Box 3207, Lake Havasu City, AZ 86405; 928-505-3243, Fax 928-505-3245; Email: centre@citlink.ne; Web site: www.thecentre-az.com.

Developers Diversified Realty Corp. is planning to break ground during 2002 on two shopping center developments located in Riverdale, UT and Long Beach, CA. In Riverdale, the 489,474 sq.ft. east phase of The Family Center at Riverdale will be anchored by a 220,167 sq.ft. Wal*Mart Supercenter and a 152,261 sq.ft. Sam’s Club. Other tenants will include a 30,554 sq.ft. Babies "R" Us. The 593,423 sq.ft. north and south phases of the project are anchored by a 166,550 sq.ft. Super Target, a 115,583 sq.ft. Wal*Mart and a 19,191 sq.ft. PetsMart. Area demographics include a population of 68,035 residing in a three-mile radius earning an average household income of $55,482. In Long Beach, the company is developing CityPlace, a 475,000 sq.ft. urban retail development that spans eight city blocks. Area demographics include a population of 233,079 residing in a three-mile radius earning an average household income of $43,797. The center will be anchored by a 134,147 sq.ft. Wal*Mart, a 58,085 sq.ft. Albertson’s and a 30,216 sq.ft. Nordstrom Rack. The company also intends to commence construction during 2002 on the central quadrant of the Riverdale Village Shopping Center in Coon Rapids, MN. This development will add 278,000 sq.ft. to the 840,000 sq.ft. regional power center. Current tenants include a 155,000 sq.ft. Costco, 133,200 sq.ft. Sears and 86,584 sq.ft. Kohl’s. Area demographics include a population of 79,124 residing in a three-mile radius earning an average household income of $64,046.

For more information, contact Developers Diversified Realty Corp., 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500; Web site: www.ddrc.com.

Fitzco Commercial is developing Millbrook Commons, a 72,500 sq.ft. strip center located on 12 acres at the signalized intersection of AL Highway 14 and Deatsville Highway in Millbrook, AL. The center will be anchored by Food World and other tenants will include Blockbuster, Head Start and Dollar Tree. Area demographics include a population of 14,734 residing in a three-mile radius earning an average household income of $54,731. Available spaces include a 7,500 sq.ft. space and four 1,400 sq.ft. spaces. Market rent is $10 psf to $15 psf and the asking rent is $12.50 psf. Neighboring retailers include Movie Gallery, CVS and Fred’s. Construction began in January and opening is slated for the Fall.

For more information, contact Dick Fitzsimmons, Fitzco Commercial, 3565 Lorna Ridge Drive, Birmingham, AL 35216; 205-823-7857, Fax 205-824-1592; Email: dickfitz@bellsouth.net.

Diversified Partners is developing Mountainview Plaza located at the intersection of Brown and Greenfield Roads in Mesa, AZ. The center will be anchored by Mountainside Fitness Center. Available retail spaces include a 1,250 sq.ft. space, three 1,210 sq.ft. spaces, a 1,465 sq.ft. space, a 2,050 sq.ft. space and a 1,268 sq.ft. space. The center also has three pads available for fast food and sit-down restaurants: a 6,000 sq.ft. building on 42,990 sq.ft., a 3,500 sq.ft. building on 32,568 sq.ft. and a 4,500 sq.ft. building on 40,041 sq.ft. Occupancy is expected to begin this Summer.

For more information, contact Tim Dollander or Ilaria Giansanti, Diversified Partners, 6916 East 5th Avenue, Scottsdale, AZ 85251; 480-947-8800, Fax 480-947-8830.

The Goodman Co. is developing more than 700,000 sq.ft. of upscale retail space and 1.8 million sq.ft. of office space at Freedom Commerce Centre at the intersection of Interstate 95 and Phillips Highway in Jacksonville, FL.

For more information, contact John W. Dowd III, The Goodman Co., 777 South Flagler Drive, Suite 1101E, West Palm Beach, FL 33401-6192; 561-833-3777 Ext. 4021, Fax 561-832-4833; Email: johndowd@aol.com.

Inland Retail Real Estate Trust, Inc. and AG Armstrong Development LLC are developing the 89,000 sq.ft. Shoppes at Golden Acres, a Publix-anchored shopping center located on 27 acres in New Port Ritchey, FL. Construction has begun and completion is expected by the end of this year.

For more information, contact Rick Fox, Inland Communications, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 630-218-8000; Web site: www.inlandgroup.com.

Staubach Retail Services is leasing The Promenade at Viera, a 650,000 sq.ft. mixed-use specialty center located on 65 acres at the intersection of Interstate 95 and Wickham Road in Melbourne, FL. The center will be anchored by an 11-screen Rave Theater. Area demographics include a population of 106,000 residing in a five-mile radius earning an average household income of $74,000. The average daily traffic count at the site is 55,000 vehicles. Neighboring retailers include a Wal*Mart Supercenter. Construction began this month and completion is slated for Fall 2003.

For more information, contact Jason Samreny, Staubach Retail Services, 2200 Corporate Boulevard Northwest, Suite 100, Boca Raton, FL 33431; 561-994-9794 Ext. 4; Fax 561-241-3248; Email: jsamreny@staubach.com; Web site: www.staubach.com.