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New Construction
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New Construction AVR Realty Co. is developing the following centers throughout NY: Patriot Plaza, an 80,000 sq.ft. center located at the intersection of Route 32 and Union Avenue in New Windsor. The initial phase consists of a 15,000 sq.ft. multi-tenant building and is 85% preleased; and Stadium Plaza, a 90,000 sq.ft. center located on Route 9D in Fishkill. The first phase of the center consists of two multi-tenant buildings totaling 32,000 sq.ft. and is 85% preleased. The center is part of the Waterfront at Fishkill, a master-planned community of 1,400 single family homes, town homes and apartments. For more information, contact Michael Lifland, AVR Realty Co., 1 Executive Boulevard, Yonkers, NY 10701; 800-553-0533 or 914-965-3990; Web site: www.avrrealty.com.
Mid-America Development Partners is developing Washington Park Plaza, a 19.2-acre redevelopment located at the intersection of Halsted Street and Ridge Road in Homewood, IL. The center will include four freestanding buildings and will add 200,000 sq.ft. of retail space to the Village of Homewood. The company also is planning to develop Valley View Village, a mixed-use center located on the south side of John Deere Road, between 60th and 70th Streets, in Moline, IL. The center will be situated on a land area of 130 acres and will combine retail, dining, hotel, residential and recreational components. For more information, contact Mid-America Development Partners, Two Mid-America Plaza, Third Floor, Oakbrook Terrace, IL 60181-4713; 630-954-7300, Fax 630-954-7304/7306; Web site: www.midamericagrp.com.
Noddle Development Co. is developing a 50,000 sq.ft. retail site located in Englewood, NJ. Opening is slated for Spring 2006. For more information, contact Noddle Development Co., 13710 First National Business Parkway, Suite 100, Omaha, NE 68154-8010; 402-496-1616, Fax 402-496-6250; Web site: www.noddledev.com.
Strathmore Development Co. is developing Broadway Village at Lower Town, a mixed-use development located in Ann Arbor, MI. The center will house a mix of commercial and residential space, including 145 apartments, medical offices, pubs and restaurants. It will also include a hotel, athletic club and a parking structure. Existing buildings on the site will be demolished to make way for the new development. For more information, contact Tarwyn Rouse, Strathmore Development Co., 1427 West Saginaw, Suite 200, East Lansing, MI 48823; 517-664-4137, Fax 517-664-4157; Email: tarwynr@strathmoredev.com; Web site: www.strathmoredev.com.
Hopkins Real Estate Group is developing a center located at the intersection of Limonite Avenue and Interstate 15 Freeway in Riverside, CA. Opening is slated for the fall. The center will have anchor space available of 10,000 sq.ft. to 200,000 sq.ft. and is being preleased by CB Richard Ellis, Inc. For more information, contact Sharon Courtway, Hopkins Real Estate Group, 17461 Derian Avenue, Suite 106, Irvine, CA 92614; 949-270-2400, Fax 949-644-8631; Email: scourtway@hopkinsgroup.com and bhopkins@hopkinsgroup.com. Or contact, Brian McDonald, CB Richard Ellis, Inc., 4141 Inland Empire Boulevard, Suite 100, Ontario, CA 91764; 909-418-2000, Fax 909-418-2100; Emails: brian.mcdonald@cbre.com and erik.westedt@cbre.com.
General Growth Properties is redeveloping The Shops at Tanforan, a 965,000 sq.ft. center located at the intersection of El Camino Real and Interstate 380 in San Bruno, CA. Opening is slated for the fall. The redevelopment will include more than 100 retailers, restaurants and theaters. Current tenants include Sears, JCPenney, Target, Century Theatres, Old Navy, Barnes & Noble, Hot Topic, American Eagle, Victoria’s Secret, Pacific Sunwear, Forever 21, Bath & Body Works, Footlocker, Lane Bryant, Basic, Charlotte Russe and New York & Co. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000.
NAI MLG Commercial is preleasing Stratford Plaza, a 26,000 sq.ft. center located at the intersection of 124th Street and Capital Drive in Wauwatosa, WI. Opening is slated for the summer. The center is anchored by Home Depot. Area demographics include a population of 242,194 within five miles earning $47,489 as the average household income. Area retail includes Home Depot, Starbucks, Target, Qdoba, Blockbuster Video, T.J. Maxx, Pick N Save, OfficeMax, Culvers, Chipotle, Jewel-Osco and Burlington Coat Factory. For more information, contact Tom Treder, NAI MLG Commercial, 13400 Bishops Lane, Suite 100, Brookfield, WI 53005; 262-797-9400, Fax 262-797-8940; Email: ttreder@mlgcommercial.com.
Struever Bros. Eccles & Rouse, Inc. is developing a mixed-use site located on North Charles Street in Baltimore, MD. The site will include 100 open-space condominiums and 16,500 sq.ft. of retail. For more information, contact Struever Bros. Eccles & Rouse, Inc., Tide Point – The Joy Building, 1040 Hull Street, Suite 200, Baltimore, MD 21230; 443-573-4000; Web site: www.sber.com.
Sterling Centercorp U.S., Inc. is preleasing Donald Ross Village, a 197,496 sq.ft. center located at the intersection of Donald Ross, Military Road and Central Boulevard in Palm Beach Gardens, FL with an average daily traffic count of 63,000 vehicles. Opening is slated for November. The center will be anchored by a hotel, medical/fitness center and a restaurant. Area demographics include a population of 107,781 within five miles earning $94,915 as the average household income. The center has spaces available up to 13,500 sq.ft., as well as outparcels of 5,000 sq.ft. and 8,000 sq.ft. For more information, contact Tom Hamilton, Sterling Centercorp U.S., Inc., One North Clematis Street, Suite 305, West Palm Beach, FL 33401; 561-835-1810, Fax 561-833-4118.
New Plan is preleasing Unity Plaza, a center located on NY State Route 82 in East Fishkill, NY. Opening is slated for late spring. The center will be anchored by A&P Food Market and will include 16,800 sq.ft. of small shop space. Area demographics include a population of 50,761 within five miles earning $88,988 as the average household income. For more information, contact Steve Teplick, New Plan, Roosevelt Mall Professional Building, 2311 Cottman Avenue, Philadelphia, PA 19149; 215-708-3565; Email: steplick@newplan.com.
Madison Retail Group is preleasing Jefferson at Pennsylvania Quarter, a center located at the intersection of 7th and E Streets in Washington, DC. The mixed-use project features 428 upscale residential rental apartments, a 250-seat theater and approximately 35,000 sq.ft. of retail space. Area retail includes Legal Seafood, AMC Theatres, Borders Books, ESPN Zone, Barnes & Noble and Banana Republic. Area demographics include a population of 70,826 within 1.5 miles earning $59,855 as the average household income. The company also is preleasing Riverton Commons, a 453,560 sq.ft. center located at the intersection of Interstate 66 and Route 522/340 in Front Royal, VA. The site has an average daily traffic count of 47,132 vehicles. The company also is preleasing The Marketplace at Madison Crescent, a center located at the intersection of Route 15 and Route 29 in Gainesville, VA. The site is situated on a land area of 43 acres and is anchored by Harris Teeter. Area demographics include a population of 108,718 within 10 miles earning $73,788 as the average household income. For more information, contact Eric Rubin, Mike Pratt or Richard Lake, Madison Retail Group, 1850 M Street NW, 12th Floor, Washington, DC 20036; 202-730-2003/2006/2005; Web site: www.madisonretailgroup.com.
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