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New Construction
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New Construction Barclay Group is preleasing McKay’s Mill Village Center located at the intersection of Liberty Pike and Oxford Glen Drive in Franklin, TN. The center includes 17,000 sq.ft. of retail space available, 10,800 sq.ft. of office, professional and medical space and a bank pad. Area demographics include a population of 24,000 within three miles earning $93,000 as the average household income. The company also is preleasing Publix at Harpeth Village, a center located at the intersection of Old Harding Pike Road and Temple Road in Bellevue, TN. Opening is slated for Fall 2006. Area demographics include a population of 26,340 within three miles earning $110,000 as the average household income. The site has restaurant and bank space available and is anchored by Publix. For more information, contact Matt Fuller, Barclay Group, 1123 Overcash Drive, Dunedin, FL 34698; 727-733-7585, Fax 727-733-9510; Emails: mfuller@barclaygroupeast.net and kcarpenter@barclaygroupeast.net; Web site: www.barclaygroup.net.
Kaplan Real Estate is developing Meridian Place, a 12,250 sq.ft. center located at the intersection of Illinois Route 157 and Meridian Avenue in Edwardsville, IL. Area demographics include a population of 46,420 within three miles earning $71,426 as the average household income. Opening is slated for the fall. The company also is developing a 50-acre, 400,000 sq.ft. retail site located at the intersection of Highway 95 and El Rodeo in Bullhead City, Fort Mohave, AZ. The site has anchor, junior anchor, inline spaces and outlots available. Area demographics include a population of 56,322 within 10 miles earning $47,147 as the average household income. Area retail includes Safeway, Smith’s Grocery and Wal*Mart Supercenter. For more information, contact Kaplan Real Estate, 1000 Macklind Avenue, St. Louis, MO 63110; 314-652-7000, Fax 314-652-2228; Web site: www.kaplanrealestate.com.
Monroe Center Development is developing Monroe Center, a 1.2 million sq.ft. center located adjacent to the 9th Street and Congress Street light rail station in Hoboken, NJ. Area retail includes ShopRite. The center will have spaces available of 800 sq.ft. to 40,000 sq.ft. and will be delivered in a vanilla shell condition. The space has expansion opportunities. Area demographics include a population of 38,000 per square mile earning an average household income of $104,436. Construction also will begin for the development of 435 residential units and 165,000 sq.ft. of retail space on Monroe Center’s 5.5-acre development site. For more information, contact Seth Kestenbaum, Monroe Center Development, 720 Monroe Street, Suite C308, Hoboken, NJ 07030; 201-795-5000.
Commercial Retail Advisors is developing 20,000 sq.ft. of retail space for Cortaro Crossings Shopping Center located west of the intersection of Cortaro and Interstate 10 in Marana, AZ. The development will include Capin’s Car Wash. Opening is slated for early 2006. For more information, contact Cari Waterman, Commercial Retail Advisors, 4811 East Grant Road, Suite 262, Tucson, AZ 85712; 520-290-3200, Fax 520-751-7465; Email: jbubla@cradvisorsllc.com.
Vestar Development Co. is planning to develop The District at Tustin Legacy, a one million sq.ft. center located at the intersection of Jamboree Road and Barranca Parkway in Tustin, CA. The company is expected to begin construction during the second quarter of this year. The center will include a state-of-the-art movie megaplex, lifestyle retailers, upscale dining and cafes, specialty shops, a specialty supermarket and several large-format and promotional stores. In addition, 4,600 new residences will be built on land adjacent to the project. For more information, contact Vestar Development Co., 2425 East Camelback Road, Suite 750, Phoenix, AZ 85016; 602-866-0900, Fax 602-955-2298; Web site: www.vestar.com.
The Retail Connection is preleasing a center located at the intersection of Dallas North Tollway and U.S. 380 in Frisco, TX. Area demographics include a population of 155,447 within 10 miles earning $101,229 as the average household income. The company also is preleasing a 900,000 sq.ft. center located at the intersection of Interstate 20 and Matlock in Arlington, TX with an average daily traffic count of 261,599 vehicles. Opening is slated for the second quarter of 2006. Area demographics include a population of 303,334 within five miles earning $108,220 as the average household income. The company also is preleasing Preston Creek Shopping Center, a center located at the intersection of McDermott Drive and Preston Road in Plano, TX. Opening is slated for the fourth quarter of 2005. The site has an average daily traffic count of 42,000 vehicles. Area demographics include a population of 229,677 within five miles earning $115,736 as the average household income. For more information, contact Terry Syler or David Sacher, The Retail Connection, 2525 McKinnon Street, Suite 700, Dallas, TX 75201; 214-572-0777, Fax 214-572-0009; Emails: tsyler@theretailconnection.net and dsacher@theretailconnection.net.
Harbert Realty Services, Inc. is developing and preleasing the Shops at Market Square, a 9,000 sq.ft. center located at the intersection of Daniels Parkway and Highway 41 in Fort Myers, FL. The center is shadow-anchored by a SuperTarget. Opening is slated for the fall. Area demographics include a population of 56,085 within three miles earning $57,151 as the average household income. The site has an average daily traffic count of 46,000 vehicles. For more information, contact Eric Massey, Harbert Realty Services, 1901 Sixth Avenue North, Suite 2001, Birmingham, AL 35203; 205-458-8116 or 205-323-2020; Email: emassey@harbertrealty.com.
New Markets, LLC is preleasing Poindexter Corridor, a 232,000 sq.ft. center located in Chesapeake, VA. Area demographics include a population of 91,139 within three miles earning $34,469 as the average household income. For more information, contact Frank White, New Markets, LLC, 16606 Harbour Town Drive, Silver Spring, MD 20905; 877-476-9801, Fax 301-476-9842; Email: frankwhite@newmarketsllc.com.
The Velmeir Cos. is developing a site located at the intersection of Bagley Road and Michigan 32 in Alpena, MI with an average daily traffic count of 22,900 vehicles. Area retail includes Home Depot, Wal*Mart, Staples and Walgreens. Area demographics include a population of 24,464 within 10 miles earning $36,741 as the average household income. For more information, contact The Velmeir Cos., 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7997, Fax 248-539-9449; Web site: www.velmeir.com.
Finard & Co. is preleasing Quarry Place, a 215,000 sq.ft. center located on Fortune Boulevard in Milford, MA. Area retail includes Lowe’s Home Improvement and Sports Authority. The site has an average daily traffic count of 80,000 vehicles. For more information, contact Nick Herz or Don Mace, Finard & Co., One Burlington Woods Drive, Burlington, MA 01803; 781-418-6205, Fax 781-418-6243; Email: nherz@finard.com and dmace@finard.com; Web site: www.finard.com.
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