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New Construction
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New Construction Richards Commercial Properties is planning to develop a center located at the intersection of Rock Quarry Road and Sunnybrook Road in Raleigh, NC. The site has an average daily traffic count of 19,600 vehicles. The center has anchor, small shop and outparcel spaces available and is located adjacent to the entrance for Alltell Pavilion at Walnut Creek Amphitheater. Opening is slated for the Fall. Area demographics include a population of 217,415 within seven miles earning $59,158 as the average household income. For more information, contact Amy Watkins or George Richards, Richards Commercial Properties, 110 Horizon Drive, Suite 100, Raleigh, NC 27615; 919-846-2366, Fax 919-846-3906; Email: amy@richardscommercial.com and george@richardscommercial.com; Web site: www.richardscommercial.com.
JCB Unlimited, Ltd. is developing Northwest Plaza, a 70,000 sq.ft. center located at the intersection of FM 2499 and FM 1171 in Flower Mound, TX. The center is situated on a land area of 6.5 acres and had three outlots available of 5,000 sq.ft. Opening is slated for Spring. For more information, contact JC Burciaga, JCB Unlimited, Ltd., 1001 Cross Timbers, Suite 1234, Flower Mound, TX 75028; 972-899-7711, Fax 972-899-0379; Email: jc@jcbunlimited.com; Web site: www.jcbunlimited.com.
Utley Properties and Trezevant Realty Corp. are planning to develop Almadale Crossing, a 43,000 sq.ft. center located at the intersection of Houston Levee and Wolf River in Collierville, TN. The site has an average daily traffic count of 33,000 vehicles. Area demographics include a population of 82,136 within five miles earning $149,498 as the average household income. For more information, contact Mark D. Utley or M. Jess Ossorio, Utley Properties, 6933 Crumpler Boulevard, Suite 3, Olive Branch, MS 38654; 901-493-0301, Fax 662-895-0099; Email: jess@utleyproperties.com. Or contact, John Trezevant, Tom Marsh and Paul Gold, Trezevant Realty Corp., 9063 Corporate Garden Drive, Germantown, TN 38138; 901-755-6040; Email: jt@trezevantrealty.com.
Dmyterko & Wright is preleasing Sky Harbor Shopping Center, a 496,209 sq.ft. center located at the intersection of Laraway Road and Schoolhouse Road in New Lenox, IL. The center is situated on a land area of 59.435 acres. Opening is slated for Spring 2006. Area demographics include a population of 65,001 within five miles earning $87,518 as the average household income. For more information, contact Gene Wright, Dmyterko & Wright, 1200 Harger Road, Suite 300, Oak Brook, IL 60523; 630-928-2700, Fax 630-928-0998; Email: ggwright@sbcglobal.net.
Charter Realty & Development Corp. is developing Shaw’s Plaza, a center located on Goldstar Boulevard in Worcester, MA. The center will be anchored by a 65,000 sq.ft. Shaw’s Supermarket and will be tenanted by an 11,000 sq.ft. Sovereign Bank. For more information, contact Dan Zelson, Charter Realty & Development Corp., 411 West Putnam Avenue, Suite 111, Greenwich, CT 06830; 203-629-3939, Fax 203-629-3933; Web site: www.chartweb.com.
Turnberry Associates and CABI Developers formed a joint venture to develop Regal Hills, a one million sq.ft. center situated on a land area of 100 acres at the intersection of Interstate 10 and Loop Road 1604 in northwest San Antonio, TX. Construction is expected to begin early this year, with completion slated for 2006. The center will include small shop and anchor space, restaurants and entertainment venues and is located near University of Texas at San Antonio and Fiesta Texas, a Six Flags theme park. Area demographics include a population of 1,202,057 within a 20-minute drive earning $58,349 as the average household income. For more information, contact Don Epley, Turnberry Associates, 19501 Biscayne Boulevard, Suite 400, Aventura, FL 33180; 305-937-6200, Fax 305-933-5509; Email: epleyd@turnberry.com; Web site: www.turnberry.com.
The Saturn Cos. is developing Spanish Towne Center located at the intersection of Highway 90 East and Highway 14 in New Iberia, LA. The 23-acre site includes a hotel and future conference center. The center has outlots available, as well as spaces of 1,200 sq.ft. to 40,000 sq.ft. Demographics include a trade-area population of 168,000 earning $38,300 as the average household income. Area retail includes Lowe’s Home Improvement. For more information, contact Harold Lambert, Saturn Cos., 106 Oil Center Drive, Suite 250, Lafayette, LA 70508; 337-232-5335, Fax 337-232-5684; Email: harold@saturnrealty.com.
East West Partners and Graham Associates are planning to develop 57 acres set aside for a mix of retail, office and residential units at Powell Place, a 148-acre project located at the intersection of U.S. 64 Bypass and N.C. 15/501 in Chatham County, NC. At Powell Place, the companies will have enough land to build 285,000 sq.ft. of retail, 100,000 sq.ft. of office space and 60 residential units. The center is expected to be anchored by a supermarket. Opening is slated for 2006. For more information, contact East West Partners, 190 Finley Golf Course Road, Chapel Hill, NC 27517; 919-929-0660, Fax 919-967-0959.
DeBartolo Development is developing Riverwalk Marketplace, a center located on State Bridge Road in Duluth, GA. The center will be anchored by Whole Foods Market and will have spaces available of 6,000 sq.ft. and 9,000 sq.ft. Area demographics include a population of 160,000 within five miles. The center is situated on a land area of eight acres. For more information, contact Scott Carpenter, DeBartolo Development, 15436 North Florida Avenue, Suite 200, Tampa, FL 33613; 800-360-2710; Web site: www.debartolodevelopment.com.
Commercial Retail Advisors is preleasing Golder Ranch Center located at the intersection of Oracle and Golder Ranch in Tucson, AZ. The center is anchored by Bashas. Opening is slated for Summer. Area demographics include a population of 24,390 within five miles earning $72,780 as the average household income. For more information, contact Craig Finfrock, Commercial Retail Advisors, LLC, 4811 East Grant Road, Suite 262, Tucson, AZ 85712; 520-290-3200, Fax 520-751-7465; Email: cfinfrock@cradvisorsllc.com; Web site: www.cradvisorsllc.com.
Henderson Properties is developing a 180-acre site located at the intersection of Highway 411 and Highway 20 in Cartersville, GA. Phase I of the project includes 180,000 sq.ft. of retail and restaurant space, along with three outparcel properties, while Phase II will include 112,000 sq.ft. of retail and office space in a mixed-use development. The property is adjacent to Emory Cartersville Medical Center, New Floyd College and a Lowe’s Home Improvement and Wal-Mart-anchored center. Opening is slated for the third quarter of this year. Demographics include a trade-area population of 67,386 earning $50,866 as the average household income. For more information, contact Henderson Properties, 919 Norland Road, Charlotte, NC 28205; 704-535-1122, Fax 704-569-9669; Web site: www.hendersonproperties.com.
The Woodmont Co. is developing Pinehurst Square Shopping Center, a 520,000 sq.ft. center located at the intersection of Interstate 94 and Tyler Parkway in Bismarck, ND. The center is situated on a land area of 51 acres. The first phase of the center will open during late Summer. Anchors will include a 165,000 sq.ft. Lowe’s Home Improvement and an 86,000 sq.ft. Kohl’s. Four additional mid-sized national box tenants and an additional 50,000 sq.ft. of local small shop space will also open. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000, Fax 817-735-4738; Web site: www.woodmont.com.
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