New Construction
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New Construction

Glazier Corp. is planning to build a Food 4 Less supermarket in Chicago, IL. The 62,000 sq.ft. store will anchor an $11 million retail center in the city’s Englewood neighborhood. The supermarket chain’s strategy is to enter urban markets in cities or nearby suburbs. The company also acquired 7.7 acres on Ashland Avenue between 69th and 71st Streets for $2.3 million from Chicago Transit Authority. In addition, the company also plans to open another store in the Back of The Yards at the intersection of 47th Street and Damen Avenue and a 31,200 sq.ft. retail center that will likely include clothing retailers as well as other tenants typically found in a supermarket-anchored center along with eight gasoline pumps. The Chicago site, which was formerly used as a bus barn, will be the chain’s first store on the east side of the Mississippi River. Plans call for five to 10 openings annually.

For more information, contact Glazier Corp., 308 West Erie Street, Suite 705, Chicago, IL 60610; 312-944-6699.

Vita & Vita Realty Corp. is developing Lincoln Park Plaza, a 61,000 sq.ft. shopping center in Lincoln Park, NJ. The center will be located at the intersection of Route 202, Route 511 and Main Street. The strip center has a space of 1,750 sq.ft. available. Cost Cutters and Drug Fair will anchor the center, which is expected to open during March 2003. McDonald’s, Carvel, Franks and Trust Company Bank will cotenant the center. Demographics include a population of 43,000 within three miles earning $85,000 as the average household income.

For more information, contact Tony Vita, Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233; Web site: www.vitarealty.com

Diversified Partners is developing a Kohl’s-anchored shopping center at the intersection of 48th Street and Chandler Road in Phoenix, AZ. The center will be cotenanted by Starbucks, Applebees, Quizno’s, Voicestream and AMPM. Demographics include a population of 157,198 within five miles earning $63,123 as the average household income. Construction is expected to begin by the end of the year. The company also is developing a site located at the intersection of 83rd Avenue and Union Hills in Glendale, AZ. Wal*Mart and Sam’s Club are adjacent to the site and within one mile of Arrowhead Regional Mall. Demographics include a population of 94,620 within three miles earning $61,411 as the average household income.

For more information, contact Tim Dollander or Jackie Sloan, Diversified Partners, 6916 East 5th Avenue, Scottsdale, AZ 85251; 480-947-8800, Fax 480-947-8830.

Silbert Realty & Management is developing the second phase of Mansfield Commons. The shopping center is located at the intersection of State Highway Route 57 and Airport Road in Hackettstown, NJ with a daily traffic count of 18,780 vehicles. Spaces of 4,642 sq.ft. and 6,200 sq.ft. are available. The center is expected to open by the third quarter of 2003, with Kindercare occupying 10,439 sq.ft. Demographics include a population of 37,782 within five miles earning $87,924 as the average household income. The site is adjacent to Wal*Mart.

For more information, contact Brian S. Silbert, Silbert Realty & Management Co., Inc., 786 Mountian Boulevard, Suite 204, Watchung, NJ 07069; 908-754-5353, Fax 908-754-6364; Email: bsilbert@silbertrealestate.com; Web site: www.silbertrealestate.com.

Monterey Park Redevelopment Agency is developing Casuda Canyon Plaza, a 7,800 sq.ft. retail site in Monterey Park, CA. The property is located at 1790 West Garvey Avenue with a daily traffic count of 25,570 vehicles. Demographics include a population of 831,972 within five miles earning more than $60,000 as the average household income.

For more information, contact Kelvin Tainatongo, Monterey Park Redevelopment Agency, 320 West Newmark Avenue, Monterey Park, CA 91754; 626-307-1385, Fax 626-307-1467; Email: ktainatongo@montereypark.ca.gov.

CB Richard Ellis is developing a Target on Roosevelt Boulevard in Jacksonville, FL. The 174,000 sq.ft. Super Target will anchor the center, which has 1,400 sq.ft. to 23,000 sq.ft. available for big box and small shop space. Projected demographics include a population of 30,555 within three miles. The center is expected to open during Fall 2003.

For more information, contact Sally B. Lee or Brian T. Platock, CB Richard Ellis, 225 Walter Street, Suite 110, Jacksonville, FL 32202; 904-630-6355 (Sally) or 904-630-6349 (Brian), Fax 904-791-8953; Email: slee2@cbre.com or bplatock@cbre.com; Web site: www.cbre.com.

Brooke Realty Group is developing The Reserve, a 144,000 sq.ft. shopping center located at the intersection of Clint Moore Road and US 441 in Boca Raton, FL. Publix supermarket will anchor the center with a 51,000 sq.ft. supermarket, which is scheduled to open during Fall 2003. The center also will include Italian, Japanese and Chinese restaurants, a post office, a jeweler and professional office spaces. Asking rent is $30 psf NNN.

For more information, contact Brooke Realty Group, 1801 Clint Moore Road, Suite 204 Boca Raton, FL 33487.

WestVest Associates, Inc. is developing a 20,000 sq.ft. shopping center in Miramar, FL. The center is located at the intersection of Parkway and Douglas Road. Spaces of 1,200 sq.ft. to 5,000 sq.ft. are available for pre-lease. The center is expected to open during Winter 2003.

For more information, contact WestVest Associates, Inc., 2500 Northwest 79th Avenue, Suite 207, Miami, FL 33122; 305-717-5401; Web site: www.westvest.com.

Falcon Development is developing a 30,000 sq.ft. retail center at the intersection of Highway 192 and Seven Dwarfs Lane in Kissimmee, FL. The center has available spaces of 1,400 sq.ft. to 4,000 sq.ft. and is located adjacent to Sam’s Club.

For more information, contact Matthew Falconer, Falcon Development, 1701 Cheltenborough Drive, Orlando FL 32835-8194; 407-650-9100, Fax 407-650-1999.

RealtiCorp Commercial Investment Fund is developing Silver Springs, a 37-acre site in Ocala, FL. The property is located on Silver Springs Boulevard near Kash-N-Karry and Wal*Mart. A home improvement store is proposed to anchor the site. Demographics include a population of 32,745 within three miles earning $39,259 as the average household income.

For more information, contact Robert Smith, RealtiCorp Commercial Investment Fund, 258 Southhall Lane, Suite 130, Maitland, FL 32751; 407-475-9888, Fax 407-475-9889; Email: rsmith@realitcorp.com.

Continental Realty Co., Inc. is developing Quaker Crossing, a 47-acre development in Milford Township, PA. The site is located at exit 32 of the PA Turnpike and the intersection of Route 476 and Route 663 with an annual traffic count of 15,000,000 vehicles. Ground leases or build to suit opportunities are available.

For more information, contact Joe Gambone Jr. or Ray Kienan, Continental Realty Co., 700 West Germantown Pike, Norristown, PA 19403; 610-630-3700, Fax 610-630-3727; Email: jgambone@continentalrealty.com; Web site: www.gambone.com.

The Goldstein Group is preleasing a site in Phillipsburg, NJ. The site has 40,000 sq.ft. of space available and is located on Route 22 West. The center is located near Home Depot, Wal*Mart, Toys "R" Us, Stop & Shop, Shop Rite and McDonald’s.

For more information, contact Chuck Lanyard, The Goldstein Group, 2100 Route 208, Fair Lawn, NJ 07410; 201-703-9700, Fax 201-703-9678; Email: thegoldsteingroup@compuserve.com; Web site: www.thegoldsteingroup.com.