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New Construction Graco Real Estate Development, Inc. is developing Regal Park Village, a 16,500 sq.ft. shopping plaza on 82nd Street in Lubbock, TX. The center is 75% preleased and spaces of 1,280 sq.ft. to 10,000 sq.ft. are available. Tenants will include Gristy’s Dry Cleaning & Laundry, Pro-Cuts, PostNet Postal & Business Services, Hi-Tech Cellular, Domino’s Pizza, Powers Jewelry and American Bank of Commerce. For more information, contact Graco Real Estate Development, Inc., PO Box 65207, Lubbock, TX 79464; 806-745-9718, Fax 806-748-1757; Email: bandrews@gracorealestate.com; Web site: www.gracorealestate.com. Oakland Harbor Partners, LLC was awarded the exclusive negotiating agreement to design and develop a mixed-use project on a 60-acre waterfront property in Oakland, CA. Oakland Harbor Partners, LLC is comprised of Signature Properties, a developer of mixed-use projects, master-planned communities, new home neighborhoods and commercial/retail properties; Reynolds & Brown, a developer of retail centers, business parks and entertainment and recreational complexes and Bay Area Smart Growth Fund I, which invests in mixed-use, mixed-income commercial, industrial and housing developments.For more information, contact Oakland Harbor Partners, LLC: Michael Ghielmetti, Signature Properties, 4670 Willow Road, Suite 200, Pleasanton, CA 94588; 925-463-1122; Email: mghielmetti@sigprop.com or Dana G. Parry, Reynolds & Brown, 1200 Concord Avenue, Suite 1088, Concord, CA 94520; 925-674-8400; Email: lodgp@aol.com. Essex Realty Management, Inc. and Jim Wood Investments are planning to develop El Cajon Towne Center in El Cajon, CA. The project is expected to include 10 buildings, one of which will be seven levels. Plans call for commercial space, a 400-room hotel, a church, 264 residential units, a children’s museum, a gym and park. For more information, contact Essex Realty Management, Inc., 3146 Redhill Avenue, Suite 150, Costa Mesa, CA 92626; 714-540-5188, Fax 714-540-3741; Email: info@essexrealty.com; Web site: www.essexrealty.com. Captec Realty Capital and Sadkin-Brewer, LLC are developing Bluebonnet Parc, a power center that will be located on 19 acres in Baton Rouge, LA. The center will be shadow-anchored by the Mall of Louisiana and tenanted by Best Buy, Linens ‘n Things and Cost Plus World Market. The center is expected to open in Winter 2003. The company also is developing The Broadlands Marketplace in Broomfield, CO with Hunt Properties. The Safeway-anchored shopping center will be located on 14.6 acres and completion is slated for Fall 2003. For more information, contact Captec Realty Capital, 24 Frank Lloyd Wright Drive, Lobby L, 4th Floor, PO Box 544, Ann Arbor, MI 48106-0544; 800-522-7832, Fax 734-994-5505; Web site: www.captec.com. Related Retail Corp. is developing Gateway Center, a 640,000 sq.ft. shopping center at 501 Gateway Drive in Brooklyn, NY. Prospective tenants include Home Depot, BJ’s Wholesale Club, Target, Bed Bath & Beyond and Marshalls.For more information, contact The Related Companies LP, 625 Madison Avenue, New York, NY 10022; 212-421-5333; Web site: www.related.com. Presnell Construction/Development Group is developing Robbards Station, a strip center on 27 acres in Shepardsville, KY. The center is located at the intersection of Highway 44, which has an average daily traffic count of 23,600 vehicles; KY61, which has an average daily traffic count of 17,500 vehicles and Interstate 65, which has an average daily traffic count of 80,000 vehicles. Anchors will include a 50,000 sq.ft. Krogers. In addition to Krogers, the center will have 74,700 sq.ft. of retail space. Base rent is $13 psf with CAM of $1.50 psf and taxes of $1.75 psf. Area demographics include a population of 23,046 residing in a five-mile radius earning an average household income of $47,922. Neighboring centers include the Old Winn-Dixie Center and Shepardsville Square. Adjacent restaurants include McDonald’s, White Castle and Burger King. The center also will have 92,000 sq.ft. of office space and multiple outlots. Opening is slated for the fourth quarter of 2002. For more information about leasing, contact David G. Presnell III, Underhill Management, 416 West Muhammad Ali Boulevard, Louisville, KY 40202; 502-581-8212, Fax 502-581-8801, Cell 502-836-1967. Denro Development is developing Copper Point Plaza, a 95,000 sq.ft. grocery-anchored neighborhood shopping center at the intersection of Ray Road and McClintock Drive in Chandler, AZ. CB Richard Ellis, Inc. is handling the leasing for the project, which is anchored by a 62,000 sq.ft. Albertson’s and includes 33,000 sq.ft. of specialty shops. Other tenants include Pick Up Stix, Super Cuts, Post Net, Starbucks, Washington Mutual, Smoothie King, Nails of the World and Magic Touch Cleaners.For more information about leasing, contact CB Richard Ellis, Inc., 2415 East Camelback Road, Phoenix, AZ 85016; 602-735-5555, Fax 602-735-5655; Web site: www.cbre.com/phoenix. Tarragon Realty Investors, Inc. and Omni Development Co. are planning to develop a nine-level mixed-use development on Las Olas Boulevard in Fort Lauderdale, FL. The developers acquired a 0.9-acre lot that is adjacent to the Las Olas River House townhouse project, which the companies also are developing. The development will be connected to the 42-level Las Olas River House and feature restaurants, boutiques and 12 three-level townhomes with private elevators. For more information, contact William S. Friedman, Tarragon Realty Investors, Inc., 3100 Monticello Avenue, Suite 200, Dallas, TX 75205; 214-599-2200; Web site: www.tarragonrealty.com or Richard. D. Zipes, Omni Development Co., 40 Beaver Street, Albany, NY 12207-1511; 518-432-4500; Email: rdz@omnidevelopment.com; Web site: www.omnidevelopment.com. |