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New Construction
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New Construction Transcan Development, LLC plans to develop Canyon Crossings at Canyon Springs, a 600,000 sq.ft. retail and entertainment center, located at the intersection of Interstate 215 and State Highway 60 in Riverside, CA. The center also features an upscale multi-residential component. The company plans include a mixture of specialty stores, restaurants, cafes, lifestyle and entertainment venues, along with a major promotional center and neighborhood shopping center component. For more information, contact Bob Bahen, Transcan Development, LLC, 3189 Danville Boulevard, Suite 245, Alamo, CA 94507; 925-552-9742. Edgewood Properties is preleasing Cherry Hill Town Center, a mixed-use development located in Cherry Hill, NJ with 6,000 sq.ft. of retail space, 1,659 residential units and one million sq.ft. of office space. For more information, contact Phil Hatch or Joseph Marino, Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900 for Phil Hatch or 973-779-7466 for Joseph Marino, Fax 732-985-5588. Estoril, Inc. is developing Espirito Santo Center located at 1401 Brickell Avenue in Miami, FL. The project will have approximately 7,500 sq.ft. of retail and 15,400 sq.ft. of restaurant space. For more information, contact Bill Ross, Estoril, Inc., 1401 Brickell Avenue, Suite 340, Miami, FL 33131; 305-371-3500. North American Properties is planning to develop the $26 million, 150,000 sq.ft. Fountain Place center on a land area of 22 acres near Eden Prairie Center in Eden Prairie, MN. The company also secured a site near Stillwater, MN to build a $20 million, 172,000 sq.ft. center anchored by Kohl’s. Area retail includes Menards and Wal*Mart. For more information, contact North American Properties, 300 Prairie Center Drive, Suite 225, Minneapolis, MN 55344; 952-974-9200, Fax 952-974-9300. The Peterson Cos. is preleasing Phase I of Fairfax Corner, a 300,000 sq.ft. mixed-use center located at the intersection of Random Hills Road, Monument Drive and Government Center Parkway with an average daily traffic count of 48,560 vehicles. Area demographics include a population of 209,158 within five miles earning $111,012 as the average household income. Tenants include a 3,600-seat National Amusements cinema, Ruth’s Chris Steakhouse, Rio Grande, P.F. Chang’s, REI and Organized Living. For more information, contact Janet McCarthy, The Peterson Cos., 12500 Fair Lakes Crossing, Suite 400, Fairfax, VA 22033; 703-631-7587, Fax 703-818-1250; Email: jmccarthy@petersoncos.com; Web site: www.petersoncos.com. Breslin Realty Development Corp. is preleasing a 17.47 acre retail development site located at the intersection of Middle Country Road and Marshall Drive in Selden, NY with an average daily traffic count of 36,000 vehicles. The site will be demolished to provide approximately 160,000 sq.ft. of retail space. Area demographics include a population of 235,597 within five miles earning $73,186 as the average household income. The company also is preleasing a site located at the intersection of Jericho Turnpike and Dix Hills Road in Dix Hills, NY. The site is situated on a land area of 32 acres and has an average daily traffic count of 33,400 vehicles. Area demographics include a population of 196,801 within five miles earning $112,533 as the average household income. The company also is preleasing a site located on Route 110, north of Route 109 in Farmingdale, NY with an average daily traffic count of 39,000 vehicles. The site is situated on a land area of 25 acres. Area retailers include Home Depot, Jillians, Borders National Amusements, CompUSA, Modell’s, United Artists Theater and Applebee’s. Area demographics include a population of 341,070 within five miles earning $92,595 as the average household income.For more information, contact Robert Delavale, Breslin Realty Development Corp., 500 Old Country Road, Garden City, NY 11530; 516-741-7400, Fax 516-741-5621. Belz Enterprises is preleasing Frayser Plaza Shopping Center, a 102,000 sq.ft. center located at the intersection of Overton Crossing and Frayser Boulevard in Memphis, TN with an average daily traffic count of 34,603 vehicles. Area demographics include a population of 155,026 within five miles earning $42,195 as the average household income. For more information, contact Belz Enterprises, 100 Peabody Place, Suite 1400, Memphis, TN 38103; 901-260-7300; Web site: www.belz.com. Developers Diversified Realty is developing Pike at Rainbow Harbor in Long Beach, CA. The center, expected to open in November, includes 370,000 sq.ft. of waterfront restaurants and entertainment venues anchored by a 14-screen stadium theater and GameWorks, a 40,000 sq.ft. video arcade. The project is located on the Rainbow Harbor waterfront, between the Long Beach Convention Center and the Long Beach Aquarium of the Pacific. The company signed leases with California Pizza Kitchen, Bubba Gump Shrimp Co., Gladstone’s, P.F. Chang’s China Bistro, Carnival Club, Mai Tai, Cold Stone Creamery, Island restaurant and Quiznos Subs.For more information, contact Developers Diversified Realty Corp., 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500, Fax 216-755-1500. The Widewaters Group is preleasing Phase III of Hinsdale Plaza located at the intersection of Milton Avenue and Hinsdale Road in Camillus, NY with an average daily traffic count of 17,200 vehicles. Phase III has been approved and will add over 30,000 sq.ft. of retail space that can be used by either and inline or freestanding user. Area demographics include a population of 207,347 within seven miles earning $47,645 as the average household income. The company also is preleasing Country Squire Plaza located at the intersection of Route 11 and Caughdenoy Road in Cicero, NY. The center is anchored by Wegmans Supermarket and is expandable up to 300,000 sq.ft. with two outparcels available. Area demographics include a population of 172,899 within seven miles earning $52,698 as the average household income.For more information, contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, PO Box 0003, DeWitt, NY 13214; 315-445-8613, Fax 315-445-8570; Email: jlavelle@widewaters.com. Easton Center LLC is developing Palmer Town Center, a 360,000 sq.ft. center located at the intersection of 25th Street and William Penn Highway in Palmer Township, PA. Area retail includes the William Penn Plaza. For more information, contact Easton Center LLC, 2216 Willow Park Road, Bethlehem, PA 18020. GBT Realty Corp. is selling Oxford Town Center, a 146,226 sq.ft. center located on Highway 21, immediately north of Interstate 20, in Oxford, AL with an average daily traffic count of 40,250 vehicles. The center has spaces available of 8,000 sq.ft. to 30,186 sq.ft. Area demographics include a population of 57,974 within 10 miles earning $41,159 as the average household income. The center is tenanted by Ross, T.J. Maxx and Linens ‘n Things. Area retail includes the Quintard Mall. For more information, contact GBT Realty Corp., 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615-370-0670, Fax 615-373-3111. |