New Construction
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New Construction

The Ainbinder Co. is developing a 60,000 sq.ft. shopping center in Las Cruces, NM. The center will be located on seven acres that formerly were occupied by Montgomery Ward. Best Buy will anchor the center with a 30,000 sq.ft. store that is expected to open this Summer.

For more information, contact Michael C. Ainbinder, The Ainbinder Co., 4265 San Felipe, Suite 205, Houston, TX 77027; 713-892-5600, Fax 713-892-5656; Email: mca@ainbinder.com.

Center Pointe Associates, LP is developing Center Pointe Plaza Phase II in Christiana, DE. The 187,900 sq.ft. project is the second phase of the plaza, creating a 450,000 sq.ft. power center. The project will feature anchor spaces up to 61,600 sq.ft., inline spaces and an outparcel with a drive-thru for a bank. Construction is expected to begin in the Summer with completion slated for Spring 2003. Existing cotenants include Home Depot, Babies "R" Us, T.J. Maxx and Modell’s Sporting Goods.

For more information about leasing, contact Ronald J. Becker, Capano Management Co., 105 Foulk Road, Wilmington, DE 19803; 302-429-8700 Ext. 3037; Web site: rbecker@capmgmt.com.

Peter D. Cumming & Associates is developing 3600 Woodward, a retail and residential development located on a 4.5-acre site at the intersection of Woodward and Mack Avenues in Detroit, MI. The first phases of 3600 Woodward will consist of retail with frontage on Woodward Avenue, three stories of residential lofts above and a 1,000-car parking structure. Construction of this phase will commence during the second quarter of 2002.

For more information, contact Peter D. Cumming & Associates, 3011 West Grand Boulevard, Suite 2405, Detroit, MI 48202-3010; 313-874-4000.

Ap Simon is developing the 16,000 sq.ft. Overlake Square in Bellevue, WA in the former Savi Clothing Superstore building. The center will be tenanted by a 4,000 sq.ft. Overlake Conference Center; Regal Video and Music; a boutique offering imported clothing, shoes and costume jewelry; a full-service beauty salon, a jewelry store and a Halal-style meat market. In addition, the mall will have kiosks serving coffee and ice cream as well as booths offering real estate and financing consulting services. The mall is expected to open by May.

For more information, contact Ap Simon, 2003 132nd Street Southeast, Everett, WA 98208-7140; 425-337-0186.

Holrob Investments, LLC is developing the first phase of Franklin Terrace Shopping Center at the intersection of Interstate 181 and State of Franklin Road in Johnson City, TN. The project will be anchored by a 24,000 sq.ft. Barnes & Noble, Chili’s Bar & Grill and 15,200 sq.ft. of specialty shops. One additional restaurant site is available. The project features a pedestrian terrace overlooking a natural running creek. The second phase of the center has pads available for anchor tenants.

For more information, contact Mike McGuffin, Holrob Investments, LLC, 2607 Kingston Pike, Suite 250, Knoxville, TN 37919; 865-637-3770, Fax 865-637-8217; Web site: www.holrob.com.

Center Trust Inc. is redeveloping the El Camino North Shopping Center located at the intersection of Highway 78 and El Camino Real in Oceanside, CA. The redevelopment will transform the shop space and vacant theater into more marketable spaces for high-profile national retailers. The plan includes an upgrade of the entire center’s facade with a contemporary Spanish colonial theme and improved parking lot traffic flow.

For more information, contact Center Trust Inc., 3500 Sepulveda Boulevard, Manhattan Beach, CA 90266; 310-546-4520, Fax 310-546-6798.

Edens & Avant is developing The Shoppes at Oliver’s Crossing at the intersection of Peter’s Creek Parkway and Fishel Road in Winston-Salem, NC. The 76,900 sq.ft. center will be anchored by a 43,000 sq.ft. Lowes Foods and will feature other national and regional retailers. Construction on the center is expected to begin during May and Lowes Foods is expected to open during Spring 2003.

For more information, contact Edens & Avant, 900 Bank of America Plaza, 1901 Main Street, Columbia, SC 29201; 803-779-4420, Fax 803-765-0684; Web site: www.edensandavant.com.

Ryan Companies US, Inc. is developing a 340,000 sq.ft. retail project on a 60-acre site in Savage, MN. The development will include a 174,000 sq.ft. Super Target and a 100,000 sq.ft. Home Depot. The plan also includes a 200-unit townhouse development on 16 acres that may be developed by The Rottlund Co.

For more information, contact Ryan Companies US, Inc., 50 South 10th Street, Suite 300, Minneapolis, MN 55403-2012; 612-492-4000; Email: mn@ryancompanies.com; Web site: www.ryancompanies.com.

Cullinan Properties Ltd. and Northwest Peoria Retail Development LP are developing The Shoppes at Grand Prairie on an 80-acre site in Peoria, IL. The 493,962 sq.ft. plaza will be anchored by Bergner’s, Galyan’s and Linens ‘n Things. The open-air center is about 80% leased and expected to open during April 2003.

For more information, contact Cullinan Properties Ltd., 211 Fulton Street, Suite 700, Peoria, IL 61602; 309-999-1700, Fax 309-999-1701; Web site: www.cullprop.com.

Ashley/Karns/Baker Properties, Ltd. is converting the Rolling Hills Theater on Wesley Street in Greenville, TX to a retail strip center. The 21,000 sq.ft. project will be anchored by Dollar Tree. A pad site also is available.

For more information, contact Michael D. Karns, Karns Commercial Real Estate, Inc., 6676 Lakewood Boulevard, Dallas, TX 75214; 214-826-5300, Fax 214-826-5880; Email: mdk@karnscommercial.com.