Faison & Associates is redeveloping South Square Mall, adding a Target and Sam’s Club store surrounded by about a dozen smaller shops and restaurants. Target is slated for a Spring 2004 opening. The project would include 14 parcels on a land area of 52 acres, with 2,417 parking spaces and 100 bicycle parking spaces. Three existing businesses, Office Depot, Firestone and Chick-fil-A would remain. The new center would be one story and contain a total GLA of 431,976 sq.ft.

For more information, contact Faison & Associates, 2550 Interstate Tower, 121 West Trade Street, Charlotte, NC 28202; 704-972-2500; Web site: www.faison.com.

Equity Real Estate is preleasing a retail center located at 600 East Main Street in Hebron, OH. The center is adjacent to a new 50,302 sq.ft. Kroger supermarket. Phase 1 will include 30,000 sq.ft. of retail shop space, as well as outparcels. The total planned project size is 141,372 sq.ft. The company also is preleasing North Bechtle Square II, a center located in Springfield, OH. The center is tenanted by Wal*Mart, Meijer, Home Depot, Lowe’s Home Improvement, Big Bear, Target, OfficeMax, Kroger, Goody’s and Toys "R" Us. Area demographics include a population of 105,417 within 10 miles earning $50,358 as the average household income. The company also is preleasing a supermarket-anchored center located at the intersection of Big Run South and Holt Road in Grove City, OH. The center has inline space available from 1,200 sq.ft. to 28,000 sq.ft. Rent is $15 psf with NNN of $3 psf. The site also has outparcels of two acres available. Area demographics include a trade-area population earning $47,538 as the average household income. The center is anchored by a 54,000 sq.ft. Big Bear Grocery Store.

For more information, contact Equity Real Estate, 100 East Wilson Bridge Road, Suite 200, Worthington, OH 43085; 614-802-2900, Fax 614-802-2901; Web site: www.equityrealestate.com.

Westminster Development is preleasing a site located on a land area of 3.17 acres at 800 South Market Street in Elizabethtown, PA. The site is ready for commercial/retail development and is located between Advance Auto Parts and Waypoint Bank. Area demographics include a population of 35,000 within five miles earning $50,000 as the average household income. The company will sub-divide. The company is proposing a 22,000 sq.ft. strip center or a freestanding build-to-suit location.

Kite Development Co. is developing Erskine Village, a 500,000 sq.ft. center situated on a land area of 58 acres at the intersection of Ireland Road and Miami Street in South Bend, IN. The center is being developed at the site of the Scottsdale Mall, an 800,000 sq.ft. mall which will be torn down. The company is planning to build pedestrian walkways and put in park benches. The front of the site along Ireland Road will contain retailers housed in at least nine buildings that range in size from 3,200 sq.ft. to 12,800 sq.ft. T.G.I. Friday’s, Applebee’s and Ritter’s Frozen Custard will remain at the site. The entire site will contain about 471,000 sq.ft. of retail space and about 30,900 sq.ft. of restaurant space.

NAI Isaac Commercial Properties, Inc. is redeveloping an older center and has renamed it Keithshire Place, located at the intersection of Keithshire Way and Reynolds Road. New additions to the 110,000 sq.ft. center include the Parent-Teacher Store, Southern Rays Tanning, Fitness Evolution and LaCabana Mexican Grocery. The renovation is slated to be completed this month.

The David J. Glimcher Co. is developing Rifle Commons, a 350,000 sq.ft. center anchored by a 156,000 sq.ft. Wal*Mart Supercenter, located on a land area of 49 acres on the southeast quadrant of Interstate 70 at the intersection of Airport Road and Taughenbaugh Boulevard in Rifle, CO. The center is projected to be the home for several anchor tenants along with national, regional and local tenants. Construction for the first phase of the project is expected to be completed during the Fall with an opening in November.