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New Construction
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New Construction Trammell Crow Co. is preleasing Katy Commons, a center located at the intersection of Interstate 10 and Grand Parkway in Katy, TX with an average daily traffic count of 55,400 vehicles. Area demographics include a population of 134,912 within five miles earning $129,484 as the average household income. For more information, contact Trammell Crow Co., 3050 Post Oak Boulevard, Suite 700, Houston, TX 77056; 713-963-1099; Web site: www.trammellcrow.com/houston.
Sandor Development is planning to develop Corinth Commons, a 125,000 sq.ft. center located at the intersection of Highway 72 and South Harper Road in Corinth, MS with an average daily traffic count of 22,000 vehicles. The center will be anchored by Goody’s. Area demographics include a population of 20,754 within five miles earning $42,000 as the average household income. Opening is slated for Fall 2005. Area retail includes Lowe’s Home Improvement, Malco Theatres and Wal*Mart Supercenter. For more information, contact Joshua Simon, Sandor Development, 7201 East Camelback Road, Suite 315, Scottsdale, AZ 85251; 480-949-9011, Fax 480-949-9020.
James Doran Co. and the City of Winter Springs are developing Phase II of the Winter Springs Town Center located at the intersection of State Route 434 and Tuskawilla Road in Winter Springs, FL. The center is anticipated to have a total of 700 residential units, 500,000 sq.ft. of retail space and 300,000 sq.ft. of office space on a land area of 48 acres. Special features at the center include the Cross Seminole Trail, a pedestrian and hiking path, equestrian and hiking trails around the property. Tenants include Art Avenue Craft Studio, ShapeXpress, Christinos, China Forest II, Euro Nails, Great Clips, H&R Block, Kumon Math & Reading Centers, Leslie’s Poolmart, Papa Via’s Take & Bake Pizza, Publix Supermarkets, Rachel Nicole’s Salon, Red Bug Cleaners, State Farm Insurance Companies, Subway, The Cellular Store, Tijuana Flats, Transformation Tanning and Skincare 2, Washington Mutual Bank, Wendy’s and Winter Springs Wine & Spirits. For more information, contact Hue Lien Healy, James Doran Co., 216 Seven Farms Drive, Suite 200, Charleston, SC 29492; 843-881-7550, Fax 843-849-6765; Web site: www.jamesdoranco.com.
DKH Interests is planning to develop three lifestyle centers totaling about 500,000 sq.ft. of retail space in Atascocita, League City and Sugar Land, TX. The projects include: Alore III, a 110,000 sq.ft. center located at the intersection of FM 1960 and West Lake Houston Parkway in Atascocita; Alore IV, a 250,000 sq.ft. center located at the intersection of Texas 96 and FM 1266 in League City and Alore V, a 160,000 sq.ft. center located at the intersection of Texas 6 and Colonial Lakes Drive in Sugar Land’s master-planned development of First Colony. All the sites are slated to open during Spring 2005. The 10.3-acre Alore III is planned to be anchored by a movie theater. Alore IV will be situated on a land area of 26 acres about 1,000 feet from the Gulf Coast and will have $26 million of street-level retail that will be topped off with second-floor townhouses. Alore IV will be anchored by a 30,000 sq.ft. Alamo Drafthouse Theater. For more information, contact DKH Interests, 110 Vision Park Boulevard, Suite 103, The Woodlands, TX 77384; 936-321-0010, Fax 936-321-0015; Web site: www.dkhinterests.com.
Urban Retail Properties Co. and Drew Co. are planning to develop Waterside Place, a 600,000 sq.ft. center located in Boston, MA. The center will include a 462-room hotel, 231 residential units and a supermarket. Opening is slated for 2008. Waterside Place will be a mixed-use development at the core of the South Boston waterfront district. The project sits on a land area of 13 acres. The center will offer a connection between the Boston Convention and Exhibition Center and the waterfront through a grand concourse lined with shops, restaurants and entertainment. For more information, contact Urban Retail Properties Co., 900 North Michigan Avenue, Chicago, IL 60611; 312-915-2000; Web site: www.urbanretail.com.
Casto is developing Town and Country Shopping Center located at the intersection of East Broad Street and Robinwood Avenue in Whitehall, OH. The center is tenanted by Target, Staples, New York and Co., Hollywood Video, Amazing Savings, Bob Evans and Pizza Hut. Target is opening a 123,000 sq.ft. store in early 2005 and Staples is opening a 20,000 sq.ft. store during the Fall. For more information, contact Steve Friedman, Casto, 191 West Nationwide Boulevard, Suite 200, Columbus, OH 43215; 614-228-5331, Fax 614-744-2038; Web site: www.castoinfo.com.
Market Realty, LLC is preleasing Carpentier Creek Pavilion, a 120,000 sq.ft. center located at the intersection of Lloyd and Rosenberger in Evansville, IN. Construction is beginning this month, with opening slated for the Fall. The center will be anchored by Kohl’s Department Store. Area retail includes Wal*Mart, Office Depot, Lowe’s Home Improvement and Home Depot. The center has spaces available of 2,000 sq.ft. to 23,000 sq.ft., as well as four outlots of two acres to 7.5 acres. For more information, contact Don Collins, Market Realty, LLC, 815 John Street, Suite 110, Evansville, IN 47713; 812-425-1906 Ext. 1104, Fax 812-425-2585.
The Rouse Co. is planning to develop an expansion at the Bridgewater Commons mall in Bridgewater, NJ. The expansion is expected to be anchored by Crate & Barrel and Maggiano’s Little Italy restaurant. The company plans another eight to 10 tenants to fill the “lifestyle center” section of the mall. The center will be developed on a 12-acre parcel that sits across from the Marriott and would face both Commons Way and Route 22. Both are slated for completion during Spring 2006. For more information, contact The Rouse Co., 10275 Little Patuxent Parkway, Columbia, MD 21044; 410-992-6000.
The Nichols Partnership, Inc. is planning to develop Clayton Lane, a center located at the intersection of First Avenue and University Boulevard in Denver, CO. The center will include 130,000 sq.ft. of retail space, in addition to the 180,000 sq.ft. of existing retail space occupied by Sears and Whole Foods Market. The 130,000 sq.ft. section is being built in four phases and about 15,000 sq.ft. is currently occupied, while about 90% of it is leased. Crate & Barrel plans a mid-September opening, while the rest of the stores will open between mid-September and mid-October. Cotenants will include HW Home, Pete’s Coffee, Cold Stone Creamery, Wells Fargo, Antoine Du Chez and John Atencio Designer Jewelry. For more information, contact The Nichols Partnership, Inc., 1899 Wynkoop Street, Suite 425, Denver, CO 80202; 303-291-2200; Email: info@nicholspartnership.com. |