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New Construction
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New Construction Collins/Goodman Development Corp. is planning to develop a 114,000 sq.ft. center in St. Louis, MO. The center would include retail space, two restaurants and a 131-room hotel on 17 acres. Buildings of 64,000 sq.ft. and 50,000 sq.ft. will be constructed for the retail, and land will be prepared for outpacels, including two restaurants. Construction is expected to begin during the Spring, with completion slated for the end of the year. Area retail includes St. Louis Mills and the following restaurants: Bob Evans, Longhorn Steakhouse, Steak ‘n’ Shake and Sonic. For more information, contact Collins/Goodman Development Corp., 3155 Roswell Road, Suite 320, Atlanta, GA 30305; 404-233-2777, Fax 404-233-2728; Web site: www.collinsgoodman.com.
Essa Commercial Real Estate is preleasing a center located at 2414 Battleground Avenue in Greensboro, NC. Completion is slated for Spring 2005. Area retail includes Lowe’s Home Improvement, Office Depot, Target, PetsMart and Bi-Lo. The center has space available up to 34,760 sq.ft. Area demographics include a population of 93,056 within four miles earning $72,761 as the average household income. For more information, contact Essa Commercial Real Estate, 445 Dolley Madison Road, Suite 400, Greensboro, NC 27410; 336-297-1000, Fax 336-297-1039; Web site: www.essainc.com.
Wilkins & Associates, Inc. is preleasing the shops at the Wal*Mart Supercenter located at the intersection of Eighteen Mile Road and U.S. 123 Bypass in Clemson, SC. Tenants include Dollar Tree, Hibbett Sports, Cato, Payless Shoes, Friedman’s Jewelers, Radio Shack and Subway. For more information, contact Charlie Wilkins, Wilkins & Associates, Inc., 2845 Pacolet Road, Landrum, SC 29356; 864-457-5091, Fax 864-457-3671; Email: wilkinsinc@alltell.net.
General Growth Properties is planning a 240,000 sq.ft. expansion of Clackamas Town Center in Clackamas, OR. The expansion would also add a 16-to-18 screen movie theater. The plans, which are preliminary, call for an open-air design with more pedestrian amenities, restaurants and home furnishing stores. In the plan, the food court would be reconfigured using space formerly occupied by the mall’s ice rink, which closed last April and now contains a Carousel exhibit. The expansion would eventually tie the center to a new light-rail station planned for the east side of the mall. The proposed expansion should be mostly completed by Fall 2005. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000.
CB Richard Ellis is preleasing Cloverdale Marketplace, a center located at the intersection of Cloverdale Road and Hamner Avenue in Riverside County, CA with an average daily traffic count of 120,000 vehicles. The center is situated on a land area of 15 acres and is across from a planned center that features a Home Depot and movie theater. Opening is slated for the fourth quarter of this year. The company is also developing Canyon Crossing, a 499,000 sq.ft. center located at the intersection of Interstate 215 and Route 60 in Riverside, CA, with an average daily traffic 278,000 vehicles. Area retail includes Target, Best Buy, Michael’s, Linens ‘N Things, PetsMart, Costco and Sam’s Club. Area demographics include a population 196,473 within five miles earning $74,913 as the average household income. The company also is developing Chino Hills Towne Center, a 500,000 sq.ft. center located at the intersection of Highway 71 and Grand Avenue in Chino Hills, CA, with an average daily traffic count of 46,070 vehicles. Anchors include Robinsons-May and JCPenney. Opening is slated during the first quarter of 2006. Area demographics include a population of 308,252 within five miles earning $77,701 as the average household income. Area retail includes Spectrum Market and Spectrum Towne Center. CB Richard Ellis-Raleigh, LLC is preleasing Glenwood Avenue Shopping Center, a 7,800 sq.ft. center located at the intersection of Ebenezer Church Road and Highway 70 in Raleigh, NC, with an average daily traffic count of 72,000 vehicles. The center is anchored by a convenience store. Opening is slated for May. Area retail includes CarMax and Sports Authority. For more information, contact Angie Nett, Cathleen Rose or Sandie Smith, CB Richard Ellis, 4141 Inland Empire Boulevard, Suite 100, Ontario, CA 91764; 909-418-2058/2022/2033, Fax 909-418-2100; Emails: anett@cbre.com; crose@cbre.com and sbsmith@cbre.com; Web site: www.cbre.com. For more information regarding Glenwood Avenue Shopping Center, contact Drew Huggins, CB Richard Ellis-Raleigh, LLC, 1201 Edwards Mill Road, Suite 100, Raleigh, NC 27607; 919-831-8183, Fax 919-856-2530.
NAI Harding Dahm is preleasing a five-acre parcel of land located at the intersection of U.S. 30 and Lima Road in Fort Wayne, IN with an average daily traffic count of 79,000 vehicles. The site is being redeveloped for outlots and a retail center. Area retail includes the Glenbrook Mall, the state’s largest mall. For more information, contact Stanley C. Phillips, NAI Harding Dahm, 118 East Ludwig Road, Suite 100, Fort Wayne, IN 46825; 260-423-4311, Fax 260-424-1077; Email: sphillips@naihardingdahm.com.
Alex Development Co. is developing a center located at the intersection of Forbes and Murray Avenues in Pittsburgh, PA. The center will be tenanted by a 12,000 sq.ft. Rite Aid and a 3,000 sq.ft. Zayng Asian Grille. The site was formerly occupied by a gas station. Each floor will have in excess of 17,000 sq.ft., for a total of 52,000 sq.ft. Permie Fig Lia, an upscale Italian restaurant, will occupy about 3,600 sq.ft. on the third floor. About 20,000 sq.ft. of office space is projected, but the total amount will depend on how much space the restaurants and other commercial facilities lease. For more information, contact Alex Development Co., 219 Grandview Avenue, Pittsburgh, PA 15211; 412-381-7602, Fax 412-381-7672; Email: info@alexdevelopment.com; Web site: www.alexdevelopment.com.
Herbert Yentis & Co., Inc. is planning to develop Kimberton Shoppes, a center located at the intersection of State Highway Route 113 and Pothouse Road in Kimberton, PA. The center will include a one-story 24,300 sq.ft. building and a two-story 8,000 sq.ft. building. The smaller building has a pad site location, as well as the potential for a drive-thru. Both locations can be divided with units starting at 2,400 sq.ft. The center is located adjacent to Maple Lawn Shopping Center, which is anchored by Genuardi’s Supermarket, Rite Aid, Blockbuster Video, Dairy Queen, Wendy’s and nine inline shops. The site has an average daily traffic count of 20,000 vehicles. Area demographics include a population of 64,309 within five miles earning $86,832 as the average household income. For more information, contact Herbert Yentis & Co., Inc., 7300 City Avenue, Philadelphia, PA 19151; 215-878-7300, Fax 215-877-0955; Email: locate@yentis.com; Web site: www.yentis.com.
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