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New Construction
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New Construction COR Development Co., LLC is developing Colonie Center At Latham, a center located in Latham, NY. Area demographics include a population of 473,561 within 10 miles earning $46,890 as the average household income. The company also is developing outparcels to a Wal*Mart Supercenter development located at the intersection of State Route 15 and Robert Dann Drive in Corning, NY. The company also is developing New Hartford Shopping Center, a 400,000 sq.ft. center located at the intersection of State Routes 12, 8 and 5 in New Hartford, NY. The center has spaces available of 1,500 sq.ft. to 25,000 sq.ft. Area demographics include a population of 137,326 within 10 miles earning $62,491 as the average family income.
For more information, contact COR Development
Co., LLC, 540 Towne Drive, Fayetteville, NY 13066; 315-663-2100, Fax
315-663-2109. Garden Commercial Properties is developing Raritan Town Square, a 460,000 sq.ft. center located at the intersection of State Road 31 and County Route 523 in Raritan Township, NJ. Area demographics include a population 111,700 within 10 miles earning $120,140 as the average household income. The center will be anchored by a Wal*Mart and Lowe’s Home Improvement.
For more information, contact Garden Commercial
Properties, 820 Morris Turnpike, Short Hills, NJ 07078; Web site:
www.gardencommercial.com. Silbert Realty & Management Co., Inc. is preleasing Cranford Crossing, a downtown mixed-use retail and luxury rental housing development located in Cranford, NJ. The center will be designed with an east and west building, each with ground floor retail, wide archways providing pedestrian access to the covered walkway. Currently, the west building has ground floor space available of 10,525 sq.ft., while the east building has space available of 10,348 sq.ft. Area demographics include a population of 146,998 within three miles earning $68,608 as the average household income. The company also is developing Gateway East, a 21,123 sq.ft. center located at the intersection of Mountain Boulevard and Penny Lane in Warren, NJ. The center will be situated on a land area of 2.41 acres. Building one will consist of 4,863 sq.ft. of ground level space and 4,846 sq.ft. of second floor offices. Building two will offer 5,749 sq.ft. of ground level space and 5,665 sq.ft. of second floor offices. Area demographics include a population of 68,970 within five miles earning $110,073 as the average household income. For details, contact Brian S. Silbert or Kathy DiMaria, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: info@silbertrealestate.com; Web site: www.silbertrealestate.com.
Packard Development is developing a 407,500 sq.ft. center located at the intersection of Western Avenue and Interstate 95 in Augusta, ME. The center will be anchored by a proposed Lowe’s Home Improvement and a proposed Target. Area retail includes Wal*Mart, Home Depot, Sam’s Club, Hoyt’s Cinemas, Barnes & Noble, Gap, Old Navy, Linens ‘n Things and Staples. Area demographics include a population of 25,247 within 10 miles earning $46,889 as the average household income. The company also is developing a 357,000 sq.ft. center located on Route 33 in Greenland, NH with an average daily traffic count of 26,000 vehicles. The site will be anchored by a proposed Lowe’s Home Improvement and a proposed Target, and will include 70,500 sq.ft. of retail space. Area demographics include a population of 16,232 within three miles earning $64,326 as the average household income. For more information, contact New England Development, One Well Avenue, Newton, MA 02459; 617-965-8700.
National Realty & Development Corp. is developing North Haven Pavilion, a 275,000 sq.ft. center located at Universal Drive North in North Haven, CT with an average daily traffic count of 100,000 vehicles. Area demographics include a population of 191,811 within five miles earning $54,430 as the average household income. The center will be tenanted by Michaels, Sports Authority, Target, Joyce Leslie, EB Gameworld, T-Mobile, Lane Bryant, Catherine’s, Payless Shoes, 99 Cents Power, Sleepy’s, Panera Bread and Ruby Tuesday. The company also is developing Rockaway Center, a 258,000 sq.ft. center located on Mount Pleasant Avenue between Exits 34 and 35 of Interstate 80 in Rockaway, NJ. The center will be anchored by Wal*Mart, Bed Bath & Beyond, Old Navy, Joyce Leslie and Sleepy’s. Area demographics include a population of 346,325 within 10 miles earning $101,611 as the average household income. The company also is developing a 30,000 sq.ft. center located at 2330 St. Paul Street in Baltimore, MD. Area demographics include a population of 602,064 within five miles earning $44,782 as the average household income. For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368.
Kimco Developers is developing Edgewater Place, a 75,873 sq.ft. center located on the future Southall Road in Raleigh, NC. Area demographics include a population of 192,093 within seven miles earning $67,615 as the average household income. For more information, contact Ron Riemer, Kimco Developers, Inc., 1111 Burlington Avenue, Suite 113, Lisle, IL 60532; 888-705-9292; Email: rriemer@kimcorealty.com; Web site: www.kimcorealty.com.
The Woodmont Co. is developing Cross Creek Shopping Center, a center located at the intersection of Highway 75 at 70 in Durant, OK. Area demographics include a population of 18,264 within five miles earning $37,222 as the average household income. For more information, contact The Woodmont Co., 4514 Cole Avenue, Suite 200, Dallas, TX 75205; 214-824-6091, Fax 214-824-6804; Web site: www.woodmont.com.
LMS Commercial Real Estate is preleasing Leola Commons, a center located on New Holland Pike in Leola, PA. Opening is slated for the Spring. Rent is $14 psf with NNN of $2.75 psf. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com.
RED Development is developing Village Pointe, a 450,000 sq.ft. center located at the intersection of West Dodge Road and 168th Street in Omaha, NE. Opening is slated for Spring 2004. Area demographics include a population of 354,064 within 10 miles earning $81,038 as the average household income. The company also is developing Woodbury Lakes, a 370,000 sq.ft. center located at the intersection of Interstate 94 and Radio Drive in Woodbury, MN. Opening is slated for Fall 2004 or Spring 2005. Area demographics include a population of 523,546 within 10 miles earning $70,988 as the average household income. The company also is developing The Legends, a 600,000 sq.ft. center located on Parallel Parkway in Kansas City, KS. Opening is slated for Spring 2004. Area retail includes Cabela’s and Nebraska Furniture Mart. The center is also located near the Kansas Speedway, The Great Wolf Lodge and the Kansas City Northern League Ballpark. For more information, contact RED Development, 4717 Central, Kansas City, MO 64112, 6263 Scottsdale Road, Suite 222, Scottsdale, AZ 85250; Web site: www.reddevelopment.com.
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