New Construction
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New Construction

W.M. Grace Development Co. and Diamond Ventures, Inc. are developing River Crossing, a 300,000 sq.ft. entertainment and power center located at the intersection of River and La Cholla Boulevard in Tucson, AZ. The center will feature an 81,000 sq.ft., 18-screen Harkins Theater and will have spaces available ranging from 6,000 sq.ft. to 40,000 sq.ft. Area demographics include a population of 63,918 within three miles earning $41,859 as the average household income. W.M. Grace Development Co. also is developing a 400,000 sq.ft. center located at the intersection of Loop 101 Freeway and Peoria Avenue in Peoria, AZ with a daily traffic count of 116,700 vehicles. The center is tenanted by Home Depot, Kmart, Staples, PetsMart, Big 5 Sporting Goods, Peter Piper Pizza, Fashion Bug, Payless Shoes, Arby’s, Burger King and Greenbacks. Area demographics include a population of 254,000 within five miles earning $43,000 as the average household income.

For more information, contact W.M. Grace Development Co., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 602-943-3548; Email: wmgraceco@msn.com.

Paradise Development Group, Inc. is developing Plaza del Paraiso, an 82,291 sq.ft. center located at the intersection of 127th Avenue and 120th Street in Miami, FL. The center will be anchored by a 61,166 sq.ft. Publix supermarket and has space available of 9,650 sq.ft. Area demographics include a population of 338,052 within five miles earning $69,051 as the average household income.

For more information, contact Ray Walsh, Paradise Development Group, Inc., 3265 Meridian Parkway, Suite 100, Weston, FL 33331; 954-217-4880, Fax 954-217-3992; Email: rwalsh@paradisedev.com.

Kite Co. is developing Boulevard Crossing, a 200,000 sq.ft. center located at the intersection of U.S. 31 and East Boulevard Street in Kokomo, IN. The center has spaces available ranging from 10,000 sq.ft. to 86,584 sq.ft. and is slated for a Fall 2003 opening. Area demographics include a population of 90,029 within 10 miles earning $56,221 as the average household income. The company also is developing Cool Creek Commons, a proposed 150,000 sq.ft. center located at the intersection of 146th Street and Oak Road in Westfield, IN. The center is slated for a Fall 2003 opening. Area demographics include a population of 318,753 within 10 miles earning $92,802 as the average household income.

For more information, contact Gregg Poetz, Kite Co., 30 South Meridian Street, Suite 1100, Indianapolis, IN 46224; 317-577-5600, Fax 317-577-5605; Email: gpoetz@kitco.com; Web site: www.kiteco.com.

Sandler Southwest Corp. is developing Lost Creek Village, an 18,000 sq.ft. center located east of U.S. 75 in Allen, TX. The site is adjacent to an 11,957 sq.ft. CVS. Future pad sites with land areas of 33,000 sq.ft. and 42,000 sq.ft. are available.

For more information, contact Sandler Southwest Corp., 5700 West Plano Parkway, Suite 1000, Plano, TX 75093; 972-381-2700, Fax 972-381-2701; Email: ncukerbaum@sandlersouthwest.com; Web site: www.sandlersouthwest.com.

GBT Realty Corp. is developing Mill Creek Village, a 70,000 sq.ft. center located at the intersection of Bell Road and Blue Hole Road in Nashville, TN with a daily traffic count of 41,040 vehicles. The site sits on a land area of 7.56 acres with Walgreens and a Sonic restaurant on outparcels, as well as outparcels of 0.79 acres and 0.93 acres available. Inline space also is available. The center is near Hickory Hollow Mall and Interstate 24. Area demographics include a population of 132,788 within five miles earning $56,528 as the average household income. The company also is developing the Shops at 5th Avenue, a 277,200 sq.ft. center located at the intersection of Demonbreum Street and 5th Avenue in Nashville, TN. The site sits on a land area of 5.66 acres and is across from the Gaylord Arena and the Country Music Hall of Fame Museum.

For more information, contact GBT Realty Corp., 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615-370-0670, Fax 615-373-3111.

The Widewaters Group is developing a 150,000 sq.ft. center located at the intersection of NYS Route 26 and High Street in West Carthage, NY with a daily traffic count of 7,614 vehicles. Area retailers include P&C Foods, Ames, McDonald’s, Eckerd and Pizza Hut. Area demographics include a population of 30,663 within 10 miles earning $41,375 as the average household income. The company also is developing a 150,000 sq.ft. center, adjacent to Wal*Mart, located at the intersection of NYS Route 104 and City Line Road in Oswego, NY. Area retailers include Wal*Mart, P&C Food and Tops. Area demographics include a population of 53,651 within 10 miles earning $45,085 as the average household income. The company also is developing a site located at the intersection of NYS Routes 31 and 19 in Brockport, NY with a daily traffic count of 20,762 vehicles. Area retailers include Wegmans, Aldi, Wal*Mart, Ames and Chase-Pitkin.

For more information, contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, PO Box 0003, DeWitt, NY 12314; 315-445-8613, Fax 315-445-8570; Email: jlavelle@widewaters.com; Web site: www.widewaters.com.

RealtiCorp. Commercial Investment Fund is developing the NorthLite center, a proposed 700,000 sq.ft. center located at the intersection of Dale Earnhardt Boulevard and Highway 136 in Concord, NC. The center, which will open in the first quarter of 2003, will be tenanted by Wal*Mart Supercenter and Sam’s Club. Area demographics include a population of 134,439 within the trade area earning $49,914 as the average household income.

For more information, contact Doug Baumgartner, RealtiCorp. Commercial Investment Fund, 14120 Ballantyne Corporate Place, Suite 160, Charlotte, NC 28277; 704-542-7773, Fax 704-542-5854; Email: dougb@realticorp.com; Web site: www.realticorp.com.

Grubb & Ellis Co. is leasing Torrey Highlands Plaza, a 14,176 sq.ft. center located at the intersection of Camino Ruiz and Torrey Meadows Drive in San Diego, CA with a projected daily traffic count of 161,000 vehicles. The center has spaces available of 1,200 sq.ft. and will be adjacent to the new Westview High School. The company also is leasing a site located at the intersection of U.S. Highway 395 and North McCarran Boulevard in Reno, NV with an average daily traffic count of 112,650 vehicles. Area retailers include Wal*Mart, Winco, OfficeMax, Home Depot, Ross and Petco. The center has anchor space up to 55,000 sq.ft. and freestanding pad sites available. Area demographics include a population of 199,096 within five miles earning $60,855 as the average household income.

For more information regarding Torrey Highlands Plaza, contact Reg Kobzi or Joe Greeno, Grubb & Ellis Co., 4445 Eastgate Mall, Suite 105, San Diego, CA 92121; 858-546-6858 for Reg Kobzi or 858-546-6856 for Joe Greeno, Fax 858-546-6801; Emails: reg.kobzi@grubb-ellis.com and joe.greeno@grub-ellis.com; Web site: www.grubb-ellis.com. For more information regarding the site in Reno, NV, contact Roxanne Stevenson, Grubb & Ellis Co./Nevada Commercial Group, PO Box 70278, Reno, NV 89570; 775-332-2800, Fax 775-332-2810.