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New Construction
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New Construction Grubb & Ellis is developing The Center at Ford Field, a reconstructed warehouse facility that adjoins Comercia Park in Detroit, MI. The 350,000 sq.ft. project will include 100,000 sq.ft. of retail space, 100,000 sq.ft. of office space and a 240-room hotel. Ford Field is expected to draw an annual attendance of about one million guests and Comerica Park is expected to draw more than two million people annually. For more information, contact Russell Barnett, Grubb & Ellis, 2000 Town Center, Suite 500, Southfield, MI 48075;248-357-6594, Fax 248-357-0923; Email: russell.barnett@grubb-ellis.com; Web site: www.grubb-ellis.com. Block & Co. is developing the second phase of the Liberty Town Center, located at the intersection of Interstate 35 and Barry Road in Kansas City-Liberty, MO. The project includes a SuperTarget, Michaels and Office Depot. Current tenants at the center include Home Depot and Hallmark Cards. Construction for the second phase began in the Spring. A third phase, which will include an additional 300,000 sq.ft., is planned for completion during 2003. For more information, contact David Block, Block & Co., 605 West 47th Street, Suite 100, Kansas City, MO 64112; 816-531-1400, Fax 816-932-5599; Web site: www.blockandco.com. Win Properties, Inc. is redeveloping Triangle Plaza at the intersection of Capital Boulevard and Old Wake Forest Road in Raleigh, NC. The center previously was known as the Pack ‘n Save Shopping Center. The lead anchor for the project will be Best Buy. The company plans to add at least one more anchor for the renovated project, as well as satellite shop tenants. Triangle Plaza will have a new facade and other improvements. For more information, contact Thomas G. Mirandi, Win Properties, Inc., 66 Field Point Road, Greenwich, CT 06830; 203-861-7788, Fax 203-861-7765. The Carpenter Realty Group is developing Carpenter Village, a 108,000 sq.ft. retail center located at the intersection of Memorial Boulevard and Ridgely Road in Murfreesboro, TN. For more information, contact Craig Melton, The Carpenter Realty Group, 311 Marble Mill Road, Marietta, GA 30061; 678-354-8888; Email: cmelton@carpenterrealty.com; Web site: www.carpenterrealty.com. The Swiss Group, Inc. is preleasing four projects that are under development in IN. Up to 175,000 sq.ft. is available at Sunnyside Corners, a 182,000 sq.ft. convenience strip center located at the intersection of Pendleton Pike and Sunnyside Road in Indianapolis. Anchor, small shop and outlot spaces are available. The first phase will consist of Walgreens, two outlots and 13,000 sq.ft. of shop space. The second phase will consist of up to 160,000 sq.ft. of anchor space. Neighboring retailers include Kroger and a Wal*Mart Supercenter. The company is preleasing spaces from 1,400 sq.ft. to 16,000 sq.ft. at Sandstone Commons, which is located at East 116th Street and Brooks School Road in Fishers. The site is located adjacent to a proposed National City Bank and across from a proposed Marsh Supermarket and Village Pantry. The average household income for the trade area is $93,921. The company also is preleasing up to 6,000 sq.ft. at the 6,600 sq.ft. Westfield Shoppes, located at the intersection of 151st Street and U.S. 31 North in Westfield, IN. The site is located across from Target and Village Park Plaza. Additionally, the company is preleasing space at Franklin Crossing, located at the intersection of Arlington and Thompson Road in Beech Grove, IN. Up to four outlots are available. The site is located next to a CVS. For more information, contact The Swiss Group, Inc., 9245 North Meridian Street, Suite 301, Indianapolis, IN 46260-1813; 317-816-9270, Fax 317-816-9271; Email: info@swissgroup.com; Web site: www.swissgroup.com. Retail Properties Ltd. is developing Hamilton Road Plaza, a 95,000 sq.ft. strip center located at the intersection of Morse Road and Route 161 in Columbus, OH. Spaces are available from 2,000 sq.ft. to 35,000 sq.ft. Asking rent is $15 psf to $25 psf. Construction is slated to begin during June and completion is expected by late Fall. Neighboring retailers include Home Depot, Meijer and Kohl’s. For more information, contact Gary Vinson, Retail Properties Ltd., 4070 Morse Road, Columbus, OH 43230; 614-891-2229, Fax 614-476-1259. Breslin Realty Development Corp. is developing the second phase of The Hub in Hempstead, NY, which is expected to open during September. Other projects under development include 850,000 sq.ft. in Yaphank, NY; 280,000 sq.ft. in Farmingdale, NY; 330,000 sq.ft. in Milford, CT; 350,000 sq.ft. in Patterson, NY and 150,000 sq.ft. in Selden, NY. For more information, contact Robert Delavale, Breslin Realty Development Corp., 500 Old Country Road, Garden City, New York 11530; 516-741-7400 Ext. 230, Fax 516-741-5621. The Chevy Chase Land Company of Montgomery County, MD is redeveloping the Chevy Chase Center, a 412,000 sq.ft. mixed-use center located on four acres at the signalized intersection of Wisconsin and Western Avenues in Chevy Chase, MD. The neighborhood center includes retail space, an eight-story office building and two high-end fashion buildings. Anchors include a grocery store and Clyde’s restaurant. Area demographics include a population of 142,000 residing within a three-mile radius earning an average household income of $88,000. Neighboring retailers include Lord & Taylor, Neiman Marcus and Saks Fifth Avenue. The market rent is in the $50 psf range. Construction is expected to begin during the first quarter of 2003 and completion is slated for the first quarter of 2005. For more information, contact Michele Horwitz Cornwell, The Chevy Chase Land Company of Montgomery County, MD, Two Wisconsin Circle, #540, Chevy Chase, MD 20815; 301-654-2690, Fax 301-652-3137; Email: cclc@cclandco.com; Web site: www.cclandco.com. Armada Hoffler is developing The Town Center of Virginia Beach, a mixed-use main street style center in Virginia Beach, VA. The 832,500 sq.ft. center will feature retail, dining, entertainment, office and apartment components with landscaped, brick-paved sidewalks and open green spaces with fountains. The retail space will include a mix of high-end, specialty stores offering apparel, cosmetics, hard goods, gifts, books, music, sporting goods, housewares, electronics and personal-service facilities. Also featured will be restaurants, cafes, a comedy club, a performing arts center and cinemas. Area demographics for Virginia Beach include a population of about 431,263 residents earning an average household income of $80,379. Divaris Real Estate, Inc. is responsible for leasing the project. For more information, contact Divaris Real Estate, Inc., One Columbus Center, Suite 700, Virginia Beach, VA 23462; 757-497-2113, Fax 757-497-1338; Email: info@divaris.com; Web site: www.divaris.com and www.vabeachtowncenter.com. AIG Baker Shopping Center Properties LLC is developing Greystone Center on a 33-acre site off of U.S. 280 in Birmingham, AL. The center will be anchored by Publix. Plans also may include an Academy Sports & Outdoors. For more information, contact AIG Baker Shopping Center Properties LLC, 1701 Lee Branch Lane, Birmingham, AL 35242-4218; 205-969-1000, Fax 205-969-1051. Singer Properties is developing York Commons, a 700,000 sq.ft. mixed-use center on an 80-acre parcel in Dayton, OH. The project is located off of the new Interstate 75 Interchange, in an area that previously was not easily accessible from the highway. The interchange is slated for completion during late 2002. Anchor space is available. Existing outparcel tenants include Sam’s Club, Max and Erma’s, Marriott, Lone Star, Outback Steakhouse, Joe’s Crabshack, Don Pablos and Skyline Chili. Area demographics include a population of 127,509 residing within a five-mile radius earning an average household income of $51,108. The project is located at the intersection of Interstate 75, which has an average daily traffic count of more than 95,000 vehicles, and Interstate 70, which has an average daily traffic count of more than 70,000 vehicles. For more information, contact Clifford Khouri, Singer Properties, 110 North Main Street, Suite 1330, Dayton, OH 45402; 937-222-1313, Fax 937-224-1179; Web site: www.singerproperties.com. GW Jones & Sons is developing Valley Bend at Jones Farm in Huntsville, AL. The first phase of the center is located on 42 acres on Carl T. Jones Drive. Tenants will include SuperTarget, Barnes & Noble, Famous Footwear, Bed Bath & Beyond, Corr Wireless, Wendy’s, Walgreens, Chili’s, Pier 1 Imports, Marshalls, Ross ‘Dress for Less’ and PetsMart. Long-term plans include three additional phases of development for expansion over 110 acres and a total of 800,000 sq.ft. of retail space. SuperTarget opened last October and the rest of the first phase is expected to be complete this Fall. The Sembler Co. is responsible for leasing the project. For more information, contact GW Jones & Sons, 401 Franklin Street, Huntsville, AL 35801; 256-533-3311, Fax 256-535-9756; Web site: www.gwjones.com. For more information about leasing, contact Tina Howard or Sheri Tart, The Sembler Co., 1450 South Johnson Ferry Road, #100, Atlanta, GA 30319-4316; 404-847-1800; Web site: www.sembler.com. HW Marketplace, LLC is developing Sunset & Vine, 90,000 sq.ft. of street-front retail located at the intersection of Sunset and Vine in Hollywood, CA. The project will be anchored by Borders and Bed Bath & Beyond. Retail spaces from 1,000 sq.ft. to 20,000 sq.ft. are available. The project also will include 300 luxury residential units. The site is located across from the Cinerama Dome Entertainment Complex. Epsteen & Associates is responsible for leasing the project.For more information, contact Vic Montalbo, Epsteen & Associates, 1429 Fourth Street, Santa Monica, CA 90401; 310-451-8171 Ext. 230; Email: vmontablo@epsteen.com. Koman Properties, Inc. is developing the third phase of State Street Shopping Center in East St. Louis, IL. The 15,600 sq.ft. center is located on about one acre on State Street. The third phase will include 8,400 sq.ft. Current tenants include Fashion Cents, Footlocker and Imo’s Pizza. The average daily traffic count at the site is 21,600 vehicles. Market and asking rents are $13 psf NNN, with CAM of $1 psf and taxes of $1.25 psf. Groundbreaking is slated for this Summer with completion expected by late Fall. The company also is renovating Nameoki Village Shopping Center in Granite City, IL. The 141,791 sq.ft. center is located on 13.36 acres on Nameoki Road. The center currently is tenanted by CVS, Ponderosa, Payless Shoes, Wendy’s and Pizza Hut, as well as Shop N’ Save, which will move into 69,000 sq.ft. of renovated space. The average daily traffic count at the site is 42,400 vehicles. Neighboring retailers include Kmart and Schnucks. Market and asking rents are $15 psf. Available spaces include 12,311 sq.ft. of renovated space plus up to three outlots.For more information, contact Kathy Huster, Koman Properties, Inc., 8027 Forsyth Boulevard, St. Louis, MO 63005; 314-727-8881, Fax 314-727-8889; Email: khuster@komanproperties.com; Web site: www.komanproperties.com.
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