New Construction
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New Construction

Veranda Partners, LLC is developing Veranda Park, a 300,000 sq.ft. center, mixed with 550 private condominium residences and 80,000 sq.ft. of office space. The center is designed with streetscapes, including parks and fountains. The lifestyle center features a lakefront amphitheater and promenade. Area demographics include a trade-area population of 100,000 earning $85,000 as the average household income.

For more information, contact Joseph Seebach, Veranda Partners, LLC, 1701 Park Center Drive, Orlando, FL 32835; 407-822-0741; Web site: www.verandapark.com.

Brooke Realty and Development Corp. is developing The Reserve, a 144,000 sq.ft. center located at the intersection of Clint Moore Road and U.S. 441 in Boca Raton, FL. The center will be anchored by a 51,000 sq.ft. Publix supermarket. The center also will feature a variety of restaurants, including Villa Rosario, Ben’s Kosher Deli and a Chinese and Japanese restaurant, as well as banks, salons and jewelers.

For more information, contact Brooke Realty and Development Corp., 1801 Clint Moore Road, Suite 204, Boca Raton, FL 33487; 561-998-6055, Fax 561-999-0395.

Creekstone Builders is developing Town Center at Cedar Lodge, a center situated on a land area of 48 acres bound by Jefferson Highway and Corporate Boulevard in Baton Rouge, LA. The center will feature a mix of office and retail uses. The site has already been approved for the development of The Reserve at Cedar Lodge, an upscale multi-family apartment community to be developed on an adjacent 14 acres of land. The two projects will have three phases of construction. The first phase, which is the construction of the 300-unit gated apartment community, will begin during the Spring. The next two phases, the construction of the office and retail center, are expected to begin during September and last about three years. Plans call for a retail center with a blend of local, regional and national tenants. The entire commercial portion of the development has 440,400 sq.ft. of leaseable office and retail space. Towne Center at Cedar Lodge will feature European architecture, pedestrian walkways and cascading fountains.

For more information, contact Stephen Keller, Creekstone Builders, 4545 Post Oak Place, Suite 100, Houston, TX 77027; 713-621-5300; Email: sdkeller@creekstone-builders.com.

Gramor Development is planning to develop a supermarket-anchored center located at the intersection of Northeast 192nd Street and First Street in east Vancouver, WA. The company also is planning to develop Salmon Creek Square, a 22,000 sq.ft. center located at the intersection of Tenney Road and 10th Avenue in Clark County, WA. Opening is slated for October. Currently, 35% to 40% of the future space is preleased. The company’s other Clark County projects include Mill Plain Town Center, a 185,000 sq.ft. center anchored by Target located at 164th Avenue; Albertsons-anchored Fishers Landing, a 130,000 sq.ft. center; Heritage Market Center, a 120,000 sq.ft. center located at the intersection of Fourth Plain Boulevard and Northeast 162nd Avenue; Battle Ground Market Center, a 100,000 sq.ft. center anchored by Albertsons; Vancouver Market Center, a 120,000 sq.ft. center located at the intersection of Stapleton Road and East Fourth Plain Boulevard; Orchards Plaza, a 35,000 sq.ft. center located at the intersection of Route 503 and northeast 76th Street; and Lacamas Market Center, a 120,000 sq.ft. center situated on a land area of nine acres at the intersection of 192nd Avenue and First Street.

For more information, contact Gramor Development, 19767 SW 72nd Avenue, Suite 100, Tualatin, OR 97062; 503-245-1976.

Garden Commercial Properties is developing a center located at the intersection of Route 300 and Old Little Britain Road, adjacent to interchange 17, off the New York Thruway in Newburgh, NY. The center is slated to open during Summer 2004. Area retail includes Wal*Mart and Home Depot. The center will be located near Stewart Airport.

For more information, contact Suzanne Githens, Garden Commercial Properties, 820 Morris Turnpike, Short Hills, NJ 07078; 973-467-5000, Fax 973-467-3480.

Swain Realty is preleasing a strip center located on Cypress Gardens Boulevard around Lake Ina in Winter Haven, FL. The 4,700 sq.ft. plaza can be divided into four bays. The center currently has two retail and one professional tenant signed. The area has an average daily traffic count of 30,000 vehicles. Another phase will be built and construction will begin when the initial phase is leased. The second phase will be 3,600 sq.ft. The center is being developed by PEC Properties, LLC.

For more information, contact Swain Realty, 814 Spring Lake Square, Winter Haven, FL 33881-1338; 863-299-9019, Fax 863-297-9379.

Albertsons, Inc. is planning to develop a Jewel-Osco and a 10-store shopping center situated on a land area of 19.6 acres at the intersection of Route 47 and Country Club Road in Woodstock, IL.

For more information, contact Albertsons, Inc., 250 Parkcenter Boulevard, Boise, ID 83726; 208-395-6200, Fax 208-395-6349; Web site: www.albertsons.com.

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. used by restaurants.

For more information, contact Kite Development Co., 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5617; Web site: www.kiteco.com.

Cornish & Carey Commercial is preleasing Vasco Plaza Shopping Center, a center located at the intersection of Vasco Road and Scenic Avenue in Livermore, CA with an average daily traffic count of 37,475 vehicles. The center is situated on a land area of 13 acres and will be anchored by a 51,075 sq.ft. PW Market. Phase I will be 92,651 sq.ft., while Phase II will be approximately 36,814 sq.ft.

For more information, contact Keith Marr, Cornish & Carey Commercial, 1333 North California Boulevard, Suite 343, Walnut Creek, CA 94596; 925-974-0112, Fax 925-974-0123; Email: kcarey@wc.carey.com; Web site: www.ccarey.com.

ASG Real Estate Co. is preleasing Watauga Pavilion, a 200,000 sq.ft. center located at the intersection of U.S. 377 and Starns Road in Watauga, TX. The center is anchored by Oshman’s, Ross, Bed Bath & Beyond, PetsMart, Pier 1 Imports, Cost Plus World Market, Office Depot, Party City and Half Price Books. The center has spaces available of 2,600 sq.ft.; 4,000 sq.ft.; 6,000 sq.ft. and 8,800 sq.ft. The site has an average daily traffic count of 42,000 vehicles. Area retail includes Super Target, Home Depot and Marshalls.

For more information, contact James Hankins, ASG Real Estate Co., 2408 East Trinity Mills Road, Suite 100, Carrollton, TX 75006; 214-390-1900 Ext. 123, Fax 214-390-1919.

Retail Rep is preleasing Triangle Plaza, a center located at the intersection of Capital Boulevard and Old Wake Forest Road in Raleigh, NC. The 90,000 sq.ft. center is anchored by Best Buy and Total Wine and has spaces available of 1,200 sq.ft.; 1,686 sq.ft.; 1,800 sq.ft. and 3,300 sq.ft. Area demographics include a population of 123,608 within five miles earning $60,462 as the average household income. Opening is slated for June.

For more information, contact Stan Lisle, Retail Rep, 1135 Kildaire Farm Road, Suite 200, Cary, NC 27511; 919-674-2000, Fax 919-674-2015.

National Realty & Development Corp. is nearing completion of site plan approval for Rockaway Center, a 258,000 sq.ft. center located on Mount Pleasant Avenue, between Exits 34 and 35 on Interstate 80, in Rockaway Township, NJ. Construction is expected to begin this Summer, with completion slated for Summer 2004. The site has an average daily traffic count of 133,000 vehicles. Anchor tenants include a 153,000 sq.ft. Wal*Mart; a 30,000 sq.ft. Bed Bath & Beyond and an 18,050 sq.ft. Modell’s Sporting Goods store and other retailers and restaurants. Area retail includes Rockaway Townsquare Mall, which is tenanted by JCPenney, Lord & Taylor, Macy’s and Sears. Other retailers in the area include Costco, Kids "R" Us, OfficeMax and Acme supermarket. Area demographics include a population of 450,000 within 12 miles earning $102,116 as the average household income. The company also plans on developing additional projects this year, including the 245,000 sq.ft. North Haven Pavilion in North Haven, CT; a 127,000 sq.ft. Target store and a 56,000 sq.ft. redevelopment of the upper floor at the Hawley Lane Mall in Trumbull, CT; a 110,000 sq.ft. Laneco redevelopment in Phillipsburg, NJ and the 242,000 sq.ft. Hadley Center II in South Plainfield, NJ.

For more information, contact Lisa Agresta, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577-2117; 914-694-4444, Fax 914-694-5448.

Shary Thur & Associates is preleasing Ashbrook Commons, a proposed 200,000 sq.ft. mixed-use project located between Route 7, Ashburn Village Boulevard and Russell Branch Highway in Ashburn, VA. The 275-acre multi-use project will have 300 single-family homes, 500 multi-family homes and 1.5 million sq.ft. of office space. The site has an average daily traffic count of 100,000 vehicles. The retail portion will be anchored by a supermarket and three soft-goods stores, with pad sites for a bank, gas station and a fast food restaurant. The property is near Howard Hughes Medical Institute and Lakes at Ashbrook Professional Condominiums, consisting of four two-story buildings totaling 62,000 sq.ft. The center is being developed by Atlantic Realty.

For more information, contact Shary Thur & Associates, 8260 Greensboro Drive, Suite 275, McLean, VA 22102; 703-847-0865, Fax 703-847-1435; Web site: www.sharythur.com. Or contact, Atlantic Realty Cos., Inc., 8150 Leesburg Pike, Suite 1100, Vienna, VA 22182; 703-760-9500, Fax 703-760-9599; Email: atlantic@arcrealty.com; Web site: www.arcrealty.com.