New Construction
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New Construction

The John Bowles Co. is developing Coit Crossing, a 42,024 sq.ft. center located at the intersection of Spring Creek and Coit in Plano, TX with an average daily traffic count of 50,000 vehicles. Lease rates are $17 psf with NNN of $5.21 psf. Area demographics include a population of 238,417 within five miles earning $101,737 as the average household income.

For more information, contact Lynn Dowdle, The John Bowles Co., 17400 North Dallas Parkway, Suite 120, Dallas, TX 75287; 972-267-7000, Fax 972-267-1700; Web site: www.johnbowles.com.

RMC Property Group is developing the following properties: Forty East Shopping Center, a Publix-anchored center located at the intersection of Silver Springs Boulevard and 36th Avenue in Ocala, FL. Opening is slated for November; a 45,000 sq.ft. Publix at Haines City Mall located at 511-639 U.S. Highway 17-92 in Haines City, FL. Opening is slated for March 2004; a 45,000 sq.ft. Publix at Miller West located at the intersection of Miller Drive and 157th Avenue in Miami, FL. Opening is slated for October; Publix Center of St. Cloud, a 79,000 sq.ft. center located at the intersection of U.S. Highway 192 and Kissimmee Park Road in St. Cloud, FL; Opening is slated for this month; Publix at Winthrop Village, a center located at the intersection of Providence Road and Bloomingdale Avenue in Brandon, FL. A 54,000 sq.ft. Publix will anchor the first phase of the retail component that is to be built within the lifestyle community of Winthrop Village. Opening is slated for this month.

For more information, contact Michael Leeds, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 813-960-8154, Fax 813-963-2596; Web site: www.rmcpg.com.

Midstate Construction is developing a center located on Mendocino Avenue near Steele Lane in Santa Rosa, CA. The center will be tenanted by a Safeway supermarket and include space for shops, a restaurant and 28 apartments. The Safeway store is slated to open later this year. The site is next to an existing 32,000 sq.ft. Safeway, which is half the size of its new store. It will remain open while the new store is under construction.

For more information, contact Midstate Construction, 1180 Holm Road, Petaluma, CA 94954; 707-762-3200, Fax 707-762-0700; Web site: www.midstateconstruction.com.

Kitchell Development Co. is developing Park West Plaza, a 700,000 sq.ft. center located at the intersection of Eight Mile Road and Interstate 5 in Stockton, CA. The 3,000-acre, 4,000-unit master-planned community will include space of 580,000 sq.ft. in Phase 1. Anchor tenants will include Target, Kohl’s, Sportmart, Babies "R" Us and Bed Bath & Beyond, while tenants will include Borders, La-Z-Boy, PetsMart, Famous Footwear, Dress Barn and Lane Bryant. Two outparcels will be leased by Bank of America and Washington Mutual. Annual NNN rates for inline spaces range from $27 psf to $30 psf, while anchor tenants will likely pay half that.

For more information, contact Kitchell Development Co., 1707 East Highland, Suite 100, Phoenix, AZ 85016; 602-264-4411; Web site: www.kitchell.com.

Phoenix Associates, Inc. is developing Phase 1 of Oaks Shopping Center, a 150,000 sq.ft. center located at the intersection of North Thompson Lane and Medical Center Parkway in Murfreesboro, TN. Phase II is expected to include 108,000 sq.ft. of space. The center will be anchored by Bed Bath & Beyond, Marshall’s, Ashley Furniture and Ross Dress for Less and is looking to add an upscale supermarket, book store, ladies’ apparel store, shoe retailer and an arts and craft store.

For more information, contact Phoenix Associates, Inc., 1410 Kensington Square Court, Suite 101, Murfreesboro, TN 37130; 615-893-2635, Fax 615-893-6366; Web site: www.phoenixre.com.

Transwestern Commercial Services is developing a center located at the intersection of Spring Creek Parkway and Avenue K in Plano, TX. The center is situated on a land area of 5.93 acres. Rental rates are $11 psf for office and showroom space and $18 psf for retail space. Pad sites are $10 psf to $12 psf. Area demographics include a population of 364,532 within seven miles earning $81,002 as the average household income. The site has an average daily traffic count of 92,741 vehicles.

For more information, contact Larry Jordan, Tanswestern Commercial Services, 5001 Spring Valley Road, Suite 600 NW, Dallas, TX 75244; 972-774-2540, Fax 972-991-4247; Email: larry_jordan@transwestern.net

Walpert Properties is developing the following properties: Lakeside Shoppes at WingHaven, a 60,000 sq.ft. center located at the intersection of WingHaven Boulevard and MasterCard Boulevard in O’Fallon, MO. Opening is slated for September; High Ridge Crossings Shopping Center, a 77,000 sq.ft. center located at the intersection of Gravois Road and High Ridge Boulevard in High Ridge, MO. Construction began this June, with completion slated for Spring 2004; Dardenne Crossroads Shopping Center, a 275,000 sq.ft. Shop ‘n Save-anchored center located at the intersection of Highway 40 and Highway N in O’Fallon, MO. Completion is slated for Fall 2004; a 14,560 sq.ft. Walgreens store located at Cross Rhodes Shopping Center in Memphis, TN. Completion is slated for Spring 2004; and a 10,260 sq.ft. center located at the intersection of Delmar Boulevard and North and South Loop Road in St. Louis, MO. Construction began this May.

For more information, contact Walpert Properties, 11457 Olde Cabin Road, Suite 200, St. Louis, MO 63141; 314-567-1221, Fax 314-567-9289; Web site: www.walpertproperties.com.

Stirling Properties is developing Pelican Plaza Shopping Center, a 26,000 sq.ft. center located at the intersection of Brownswitch Road and Robert Road in Slidell, LA. Area demographics include a population of 65,639 within five miles earning $62,312 as the average household income.

For more information, contact Gisele Abadie, Stirling Properties, 109 Northpark Boulevard, Suite 300, Covington, LA 70433; 985-898-2022, Fax 985-898-2077; Web site: www.stirlingprop.com.

Cedarwood Development, Inc. is developing a 2.38-acre land parcel at the north side of Armco Road in Ashland, KY with an average daily traffic count of 30,000 vehicles. Area demographics include a population of 116,000 within 10 miles earning $41,000 as the average household income. Opening is slated for Spring or Summer 2004. Area retail includes The Ashland Town Center Regional Mall.

For more information, contact Dave Ferron, Cedarwood Development, Inc., 1765 Merriman Road, Akron, OH 44313; 330-836-9971, Fax 330-864-8094; Web site: www.cedarwooddevelopment.com.