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New Construction
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New Construction Empire Commercial Real Estate is developing the final phase of The Village at Eagle Glen, a 100,000 sq.ft. center located off Interstate 15 at the intersection of Cajalco and Bedford Canyon Roads in Corona, CA. The final phase includes the opening of a 5,000 sq.ft. Wells Fargo Bank, a 9,000 sq.ft. expansion in a freestanding retail building and a Mobil gas station. The retail center is slated for completion early this year. The center is currently 100% leased and is anchored by a 43,235 sq.ft. Stater Bros. Superstore. Cotenants include Blockbuster Video, Fantastic Sam’s, Subway, GMAC, Color Me Mine, Salsa Brava, New York Pizza Department, It’s-a-Grind Coffee House, Sun Nail Salon, Eagle Glen Dental Group, Eagle Glen Dry Cleaning and AIM Mail Center. For more information, contact Empire Commercial Real Estate, 3536 Concourse, Suite 300, Ontario, CA 91764; 909-987-7788, Fax 909-980-7305.
Royal Properties, Inc. is preleasing ShopRite Plaza, a center located at the intersection of Commerce Road and Route 1 in Stamford, CT. Opening is slated for June. Cotenants include ShopRite, First County Bank, Angel Tips Nail Salon, Superior Cleaners, Cingular Wireless, Windowrama and Cappy’s Wine & Liquor Store. Area demographics include a population of 167,340 within five miles earning $120,080 as the average household income. The company also is preleasing The Highlands, a center located between Interstate 84 and Highway 312 in Brewster, NY. Area retail includes Home Depot, Kohl’s, Linens ‘N Things, Sleepy’s, Marshalls, Michael’s Arts & Crafts, Animal Kingdom, Dunkin’ Donuts, Nail & Spa, Pearle Vision, Applebee’s and EB Games. Area demographics include a population of 344,716 within 15 miles earning $83,009 as the average household income. For more information, contact David Landes or Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
National Realty & Development Corp. is developing Phase II of Hadley Shopping Center, a 242,000 sq.ft. center located on Stelton Road in South Plainfield, NJ. The development will be part of the 316,000 sq.ft. Hadley Center, which is anchored by Kohl’s, Pathmark and Regal Cinemas. Tenants for Phase II include Target, Marshalls Mega Store, Famous Footwear, Harmon Cosmetics and a freestanding Somerset Bank. Phase II is slated for completion during the Fall. For more information, contact Lisa E. Agresta, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 914-272-8034; Web site: www.nrdc.com.
Petrie Ventures, Inc. is developing Annapolis Towne Center at Parole, a center located at the intersection of West Street, Riva Road and MD Route 2 near Annapolis, MD. The property consists of approximately 33 acres and was originally designed as an open-air mall. The final design will contain approximately 650,000 sq.ft. of retail space, 90,000 sq.ft. of office space, a full-service hotel and 900 residential units. Construction is slated to begin during the summer. For more information, contact Karen Colony, Petrie Ventures, Inc., 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800 Ext. 115.
Lormax Stern Development Co. and REDICO are redeveloping Gratiot Crossing Marketplace, a center located at the intersection of 23 Mile Road and Gratiot Avenue in Chesterfield Township, MI. When completed next summer, the center will have increased its GLA from 85,000 sq.ft. to 170,000 sq.ft. New tenants will include JoAnne Etc, PetCo and Mobile2Mobile. For more information, contact Lormax Stern Development Co., 6755 Daly Road, West Bloomfield, MI 48322; 248-737-4041, Fax 248-737-5198; Web site: www.lormaxstern.com.
First Rockford Group, Inc. is developing the following two centers in Machesney Park, IL at the intersection of Highways 251 and 173: Phase I of Machesney Crossings, a 15,000 sq.ft. development that will be part of a three-phase, 170,000 sq.ft. retail project. Area retail includes Kohl’s, Home Depot, Target and Lowe’s Home Improvement; and Orlando Center, a 6,000 sq.ft. development with frontage on IL-173. Tenants will include First Community Credit Union and T-Mobile. For more information, contact Marc Strauss, First Rockford Group, Inc., 6801 Spring Creek Road, Rockford, IL 61114; 815-229-3000, Fax 815-229-3001.
Michael Antkies Retail Real Estate is preleasing a proposed 168,750 sq.ft. lifestyle center located at the intersection of Route 7 and Federal Road in Brookfield, CT. Area demographics include a population of 67,674 within seven miles earning $91,196 as the average household income. For more information, contact Michael Antkies Retail Real Estate, 226 Great Hill Road, Ridgefield, CT 06877; 203-438-9525, Fax 203-894-8434; Email: mantkies@antkies.com.
The Peterson Cos. is developing East Market Fair Lakes, a center located at the intersection of West Ox Road and Fair Lakes Parkway in Fair Lakes, VA. The site has an average daily traffic count of 50,000 vehicles. Area demographics include a population of 704,382 within 10 miles earning $114,363 as the average household income. For more information, contact The Peterson Cos., 12500 Fair Lakes, Suite 400, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250; Web site: www.petersoncos.com.
New England Development is developing a proposed 500,000 sq.ft. center located at the intersection of Interstate 95 and Route 111 in Biddeford, ME. The center will be anchored by a proposed Lowe’s Home Improvement and a major discount retailer, with 200,000 sq.ft. of specialty retail shops, home goods, clothing stores, banks and restaurants. Area retail includes The Home Depot and Kohl’s. Area demographics include a population of 81,534 within 10 miles earning $51,102 as the average household income. For more information, contact New England Development, One Wells Avenue, Newton, MA 02459; 617-965-8700.
Jeffrey R. Anderson Real Estate, Inc. is developing The Shoppes at Montage, a 300,000 sq.ft. center located directly off Interstate 81 in Wilkes-Barre, PA. Opening is slated for June 2006. The center will include high-end fashion and retail stores, as well as unique restaurants. The company also is redeveloping Crestview Hills Mall into Crestview Hills Town Center located on Interstate 275 in Crestview Hills, KY. The center is anchored by Dillard’s and is tenanted by Bed Bath & Beyond, Talbot’s, Chico’s, Ann Taylor, Coldwater Creek and Banana Republic. Area demographics include a population of 90,036 within 10 miles earning over $50,000 as the average household income. For more information, contact Mark Fallon or Rich Bevis, Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Emails: mfallon@anderson-realestate.com and rbevis@anderson-realestate.com; Web site: www.anderson-realestate.com.
Cameron Group, LLC is developing a site located on U.S. 1 in Jensen Beach, FL. Area demographics include a population of 80,422 within 10 miles earning $55,872 as the average household income. For more information, contact Joe Goethe, Cameron Group, LLC, 609 West Genesee Street, Syracuse, NY 13204; 954-556-5150, Fax 315-701-3335.
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