New Construction
[ Home ] [ Up ] [ Convenience Stores Expanding Nationwide ] [ Supermarkets Expanding Nationwide ] [ New Construction ] [ Buyers & Sellers ] [ Closings ] [ Sources Of Financing ] [ Food Retailers Expanding Nationwide ] [ Lease Signings ] [ Lead Sheet ] [ Who's Opening & Where ] [ Space Place ]

 

New Construction

The Sembler Co. recently completed the demolition of a former Montgomery Ward and Bennigan’s Grill & Tavern and will begin further development on Crossroads Shopping Center in St. Petersburg, FL. The company anticipates that Bennigan’s will relocate and develop a new restaurant at the northeast corner of the project near the site of a former Crossroads 8 (AMC) Theater, which closed during October 2002 after deciding not to renew its lease. Current plans call for the demolition of the theater to make room for outparcel users. The center has frontage on Tyrone Boulevard, 66th Street and 22nd Avenue North in an area known as the Tyrone Triangle. The Home Depot will anchor the center and plans to build a 129,000 sq.ft. home improvement store, including a 31,929 sq.ft. garden center. Mediterranean-style touches will be added to the store. Additional plans call for another tenant space of 42,000 sq.ft., which may be divided to make room for two smaller anchors. Also, an additional 14,667 sq.ft. of smaller shop space is planned on the west side of the site and will front 66th Street. Negotiations are currently under way with several other national retailers. The center is currently tenanted by Ross ‘Dress for Less’, Toys "R" Us, Circuit City, Office Depot and iParty, while KFC and Longhorn Steakhouse occupy outparcels.

For more information, contact Craig Sher, The Sembler Co., 5858 Central Avenue, St. Petersburg, FL 33707, 727-384-6000, Fax 727-343-4272; Web site: www.sembler.com.

Kravco Co. is developing Progress Plaza Shopping Center located at 1501 North Broad Street in north Philadelphia, PA. The company recently signed a lease with The Fresh Grocer for 40,000 sq.ft., making the supermarket the center’s anchor tenant. The development also will include retail, office and possibly some residential space. The Fresh Grocer currently operates a supermarket in Philadelphia, PA at the intersection of 40th and Walnut Streets and is in the process of building a store at the intersection of 56th and Chestnut Street in west Philadelphia. Plans for the center currently consist of 66,000 sq.ft. of retail and office space situated on a land area of four acres at the intersection of Broad and Oxford Streets. But the company will expand the retail space on the current lot to approximately 70,000 sq.ft., with an additional 19,000 sq.ft. of office space. Construction is slated to begin later this year.

For more information, contact Lewis Gantman, Kravco Co., 234 Mall Boulevard, PO Box 1528, King of Prussia, PA 19406-1528; 610-768-6370.

Simplified Group is preleasing an 8,000 sq.ft. center located at the intersection of Meyers and Seven Mile Road in Detroit, MI. The center has spaces available of 1,000 sq.ft. to 8,000 sq.ft. and is ideal for a fast food restaurant or a hair/nail salon. Construction is slated to begin later this year. The company will consider single tenant or other ideas before finalizing the project. Area retail includes a Super Kmart, McDonald’s and a Mobil gas station.

For more information, contact Mark Dabash, Simplified Group, PO Box 250584, West Bloomfield, MI 48325; 586-431-1111; Email: simplified@ameritech.net.

Progressive Development is preleasing Columbus Corners located on U.S. 701 in south Whieville, NC. The 275,000 sq.ft. center is situated on a land area of 40 acres and is anchored by a 180,000 sq.ft. Wal*Mart Supercenter. Area demographics include a population of 106,764 within 25 miles earning $35,163 as the average household income.

For more information, contact Progressive Development, 2301 CrownPoint Executive Drive, Suite L, Charlotte, NC 28227; 704-321-9288, Fax 704-321-9289.

JDN Realty Corp. is developing Beaver Creek Commons, a 409,000 sq.ft. center located at the intersection of U.S. 64 and State Road 55 in Apex, NC. The company is planning to develop a 174,700 sq.ft. Target Supercenter to join a 134,500 sq.ft. Lowe’s Home Improvement. Plans also show about 100,000 sq.ft. of additional space and nine outparcels. The company also is planning to develop a Wal*Mart Supercenter at the site.

For more information, contact JDN Realty Corp., 359 East Paces Ferry Road, Suite 400, Atlanta, GA 30305; 404-262-3252.

New Urban Communities and Miramar No. 1, LLC are planning to develop a mixed-use center consisting of townhomes and commercial and office space. The companies acquired the 28-acre parcel of land from Kramont Realty Trust for $3.6 million.

For more information, contact New Urban Communities, 398 NE 6th Avenue, Delray Beach, FL 33483; 561-279-8706, Fax 561-272-3951; Web site: www.newurbancommunities.com. Or contact, Louis P. Meshon, Kramont Realty Trust, Plymouth Plaza, Suite 200, 580 West Germantown Pike, Plymouth Meeting, PA 19462; 610-825-7100.