New Construction
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New Construction

D.L. Slaughter Co. is developing a 93 000 sq.ft. shopping center at Power Ranch a master-planned community of 1 414 acres at the intersection of Power Road and Queen Creek Road in Gilbert AZ. Albertson’s will anchor the center with a 56 930 sq.ft. store and two pads of 6 000 sq.ft. and 6 800 sq.ft. are available.

For more information contact Ed Beeh D.L. Slaughter Co. 5050 North 40th Street Suite 110 Phoenix AZ 85018; 602-957-3553 Fax 602-957-9829.

HRW Development LLC is proposing the development of a 52 140 sq.ft. supermarket at the intersection of Route 765 and Coster Road in Lusby MD. The site plan filed with the Calvert County Department of Planning and Zoning only outlines a supermarket however a principal with the development company says other stores are planned for the 14.63-acre parcel.

For more information contact Henry Resnikoff HRW Development LLC 176 Westbrook Road Essex CT 06426; 860-767-4586; Web site: www.heffnerandweber.com.

Landmark Commercial Real Estate Services Inc. is developing Chelsea Courtyard a 22 635 sq.ft. shopping center on Main Street in Chelsea MI. The project will include a Blockbuster and TCF Bank. Space of 1 400 sq.ft. to 10 000 sq.ft. is available in white box condition. Basic rental rates for a 1 400 sq.ft. unit begin at $17.50 psf NNN. Taxes are $2.50 psf maintenance is $1.00 psf and insurance is $0.25 psf. The shopping center is located between two dominant supermarkets Polly’s and Farmer Jack. Construction is slated for completion by Summer 2002.

For more information contact Michael Lippitt Landmark Commercial Real Estate Services Inc. 32605 West Twelve Mile Road Suite 190 Farmington Hills MI 48334; 248-488-2620 Fax 248-488-2611 Cell: 248-320-2600; Email: mlippitt@landmarkcres.com; Web site: www.landmarkcres.com.

Matrix Development Group Inc. is proposing Octagon Center a $200 million retail/hotel/office development on a 186-acre tract in Lower Makefield PA. The first phase of development will be at the intersection of Old Oxford Valley Road and Big Oak Road pending approval by the Bucks County Planning Commission. Included in the plans for the center are walking trails a landscaped lake and woodlands. Nearby businesses include Merrill Lynch Lockheed Martin and Charles Schwab.

For more information contact Matrix Development Group Inc. Forsgate Drive CN 4000 Cranbury NJ 08512; 732-521-2900 Fax 609-395-8289; Web site: www.matrixcompanies.com.

Equity One Inc. is developing Plaza Allegre an 84 000 sq.ft. shopping center on an 8.5-acre site at the southeast corner of SW 147th Avenue and Coral Way in North Miami Beach FL. Plaza Allegre will feature a 44 000 sq.ft. Publix a 14 400 sq.ft. junior anchor 16 000 sq.ft. of local retail space 10 000 sq.ft. of office space and two outparcels. Construction is expected to begin in the first quarter of 2002 with completion slated for February 2003. Equity One also is planning to develop a 25 000 sq.ft. drug-store anchored shopping center on a four-acre parcel at the northeast corner of SW 147th Avenue and Coral Way. Construction is expected to begin in the third quarter of 2002 with completion slated for mid-2003.

For more information contact Howard Sipzner Equity One Inc. 1696 NE Miami Gardens Drive North Miami Beach FL 33179; 305-947-1664; Web site: www.equityone.net.

Regency Centers is building a Publix-anchored shopping center on 14 acres of undeveloped land in Tallahassee FL. The 62 821 sq.ft. center which will be built at the intersection of U.S. 90 and Vineland Drive will have two outparcels and an additional 18 550 sq.ft. of retail space.

For more information contact Bill Coats Regency Centers 121 West Forsyth Street Suite 200 Jacksonville FL 32202; 404-575-3226 Fax 404-874-1060; Email: bcoats@regencycenters.com; Web site: www.regencycenters.com.

CB Richard Ellis is leasing space at the 200 000 sq.ft. Plaza El Paseo Center which is under construction in Rancho Santa Margarita CA. The specialty center’s major anchor will be Kohl’s which will open in Spring 2003. Other tenants include Woodranch BBQ Opah Canyon Ichibiri Baja Fresh Daphne’s Greek Cafe Coldstone Creamery Cinnamon Productions Bayside Watch and Beach Bound.

For more information contact Jeff Moore CB Richard Ellis 2125 East Katella Avenue Anaheim CA 92806; 714-939-2100 Fax 714-939-2270; Web site: www.cbre.com.

New England Development Company is proposing to add stores at the Solomon Pond Mall in Marlborough MA. The City Council’s Urban Affairs Committee is reviewing an eight-part zoning change that would allow construction of stores on two parcels on either side of the existing mall. If the plans are approved New England Development Company plans to construct a Target adjacent to Sears and a Borders Pier 1 Imports Tweeter Gap Banana Republic and Old Navy near the existing Filene’s.

For more information contact New England Development Company One Wells Avenue Newton MA 02459; 617-965-8700 Fax 617-243-7890.

Vickerry Realty Trust is redeveloping the Nashua Mall in Nashua NH. Plans for the mall include a Home Depot and Kohl’s which are under construction and expected to open during April. The existing Haluwa Shorty’s Denny’s Radio Shack and Burlington Coat Factory will remain. The remainder of the mall will be demolished and replaced with a 50 000 sq.ft. Christmas Tree Shop. In addition a 55 700 sq.ft. building will be used to house existing stores in the mall until it is replaced with a new facilty to serve a tenant who has not yet been identified. A 14 400 sq.ft. building is planned to house businesses displaced by the redevelopment. Also smaller buildings are planned for the property including a bank that will occupy 1.5 acres and a one-acre parcel for future retail development.

For more information contact Vickerry Realty Trust c/o The Meg Co. 25 Orchard Drive Londonderry NH 03053; 603-434-6700 Fax 603-434-0214.

Feldman Development Partners and Taylor-Smith Properties are developing Morton Plaza Shopping Center a 70 000 sq.ft. strip center on six acres located on Morton Street in Boston MA. The center will be anchored by Tropical Foods a 26 200 sq.ft. supermarket. Other tenants include Radio Shack Supermax Laundry McDonald’s Popeye’s Chicken Hair Salon Flowers By Stephanie Athlete’s Foot and Smile Day Care. The center is expected to open in Fall 2002.

For more information contact Richard Feldman Feldman Development Partners 10 Knollcrest Drive Andover MA 01810; 617-610-3953 Fax 978-686-5363; Email: richardfeldman@mediaone.net.

The Shopping Center Group is developing Victory Crossing a 300 000 sq.ft. power center at the signalized intersection of Victory Boulevard and Portsmouth Boulevard in Portsmouth VA. Anchors include Lowe’s and Super Kmart. Area demographics include a population of 162 507 residing in a five-mile radius earning an average household income of $34 974. Spaces of 1 200 sq.ft. to 25 000 sq.ft. are available. The asking rent is $16 to $18 psf with a CAM of $0.90 psf and taxes of $1.50 psf. The center is slated to open in September 2002.

For more information contact Karen Mikuiski The Shopping Center Group 534 Settlers Landing Road Hampton VA 23669; 757-722-2500 Fax 757-723-0001.