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New Construction
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New Construction Michael Antkies Retail Real Estate is preleasing a proposed 34,000 sq.ft. center located at the intersection of Route 100 and Healy Road in Hartsdale, NY. Area retail includes Barnes & Noble, Ethan Allen, Today’s Man, Noodle Kidoodle and Annie Sez. Area demographics include a population of 970,843 within 10 miles earning $70,084 as the median household income. For more information, contact Michael Antkies, Michael Antkies Retail Real Estate, 226 Great Hill Road, Ridgefield, CT 06877; 203-438-9525, Fax 203-894-8434; Email: mantkies@antkies.com.
Agree Realty Corp. is planning to develop a center in Delta Township, MI. The project is pre-leased and slated to open during the second quarter of this year. For more information, contact Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190, Fax 248-737-9110; Web site: www.agreerealty.com.
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 Fall of this year. 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.
The Taubman Co. is developing Northlake Mall, a 1.2 million sq.ft. mall located at the intersection of Interstate 77 and Reames Road in Charlotte, NC. Opening is slated for the Fall. The center will be anchored by a 180,000 sq.ft. Belk and a 180,000 sq.ft. Dillard’s, as well as a 165,000 sq.ft. Hecht’s, a 76,000 sq.ft. Dick’s Sporting Goods and movie theaters and will include over 120 shops. For more information, contact The Taubman Co., 200 East Long Lake Road, Suite 300, Bloomfield Hills, MI 48303-0200; 248-258-6800, Fax 248-258-7596; Web site: www.taubman.com.
Atlantic Retail Properties is developing The Crossing at Killingly Commons, a 470,000 sq.ft. center located at the intersection of Interstate 395 and Route 101 in Killingly, CT. Opening is slated for Summer 2006. Area demographics include a population of 63,073 within 10 miles earning $54,922 as the average household income. For more information, contact Steve Tomasello, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3600, Fax 617-239-3650; Web site: www.atlanticretail.com.
Stiles Corp. is planning to develop Gateway Shoppes at Sawgrass, a center located at the intersection of Interstate 595, State Route 84 and 136th Avenue in Sunrise, FL. The center would be situated on a land area of 25 acres and would be designed to include a mixture of retail shops and restaurants not already in the marketplace. The projects architectural features include tower elements, landscaping, pedestrian-oriented covered walkways and outdoor dining. For more information, contact Stiles Corp., 300 SE 2nd Street, Fort Lauderdale, FL 33301-1907; 954-627-9300, Fax 954-627-9288; Email: sdv@stiles.com; Web site: www.stiles.com.
DLC Management Corp. is preleasing a site located at Mid Valley Mall, a 274,157 sq.ft. center located just off Interstate 84 in Newburgh, NY. Anchors include Price Chopper Supermarket and A.J. Wright. Area demographics include a population of 208,092 within 10 miles earning $66,024 as the average household income. For more information, contact DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 914-631-3131, Fax 914-631-6533; Web site: www.dlcmgmt.com.
Packard Development is redeveloping Pine Tree Shopping Center located at the intersection of Brighton Avenue and Rand Road in Portland, ME. The redeveloped portion of the center will be anchored by a proposed Lowe’s Home Improvement, with two additional pads totaling 19,200 sq.ft. The remainder of the center totals 117,000 sq.ft. The company also is developing a 65-acre site located off Western Avenue and Interstate 95 in Augusta, ME. The proposed 500,000 sq.ft. center will be anchored by Lowe’s Home Improvement and a major discount retailer. Additional shops will include sporting goods, pet supply, electronics, apparel stores and restaurants. Area retail includes Wal*Mart, Sam’s Club, Hoyt’s Cinema, Barnes & Noble, Old Navy, Gap, Linens ‘N Things and Staples. The company also is developing a center located at the intersection of Route 3 and F.E. Everett Turnpike in Bedford, NH. The center will be anchored by a proposed Lowe’s Home Improvement. Other tenants include a proposed major discount retailer and two restaurant/retail pads. For more information, contact Packard Development, One Wells Avenue, Newton, MA 02459; 617-965-1966.
DeBartolo Development is planning to develop a 15-screen theater at Tuscany Village in Clermont, FL as part of its agreement with Rave Motion Pictures. DeBartolo will build the multi-million dollar theater on undeveloped land adjacent to the existing shopping center at the intersection of U.S. 27 and Citrus Boulevard. Once complete in spring 2006, the theater will comprise approximately 70,000 sq.ft. The company also is planning to develop a 400,000 sq.ft. center on a land area of 47 acres at the intersection of Perry Creek and Capital Boulevard in Raleigh, NC. The center will include a blend of big box tenants, local retail shops and five or six outparcels. Area demographics include a population of 104,000 within five miles. For more information, contact Jay Adams, DeBartolo Development, 14934 North Florida Avenue, Tampa, FL 33613; 813-676-7694, Fax 813-676-7696; Web site: www.debartolodevelopment.com. For more information regarding the center in Raleigh, NC, contact Tom Nagy, DeBartolo Development, 14934 North Florida Avenue, Tampa, FL 33613; 813-676-0071; Email: tnagy@debartoloholdings.com; Web site: www.debartolodevelopment.com.
Gordon Group Holdings, LLC is developing The Pier at Caesars, a $175 million project located directly across from Caesars Atlantic City Hotel and Casino in Atlantic City, NJ. The Pier will include 320,000 sq.ft. of retail and restaurant space. Nearly 100 stores will accompany nine restaurants on the city’s boardwalk. Currently over 75% of the retail space is leased or committed. Tenants include Gucci, Louis Vuitton, Burberry, Tourneau, Tommy Bahama’s Vilebrequin and Hugo Boss. Restaurants include Buddakan, Continental and Phillip’s Seafood. For more information, contact Gordon Group Holdings, LLC, 6 Glenville Street, Greenwich, CT 06831; 203-618-1000, Fax 203-618-9600; Web site: www.gordongroupholdings.com.
NAI Friedland Realty, Inc. is preleasing The Barn at New Milford, a 113,000 sq.ft. center located on Route 7 in New Milford, CT. The center is situated on a land area of 62.5 acres and is slated to open during summer 2006. The site has an average daily traffic count of 25,000 vehicles. Area retail includes Wal*Mart, Super Stop & Shop, Home Depot, Staples and T.J. Maxx. Asking rents range from $16 psf to $22 psf with CAM and taxes of $4 psf. For more information, contact Miles Mahony, NAI Friedland Realty, Inc., 656 Central Park Avenue, Yonkers, NY 10464; 914-968-8500, Fax 914-968-1810; Email: miles@friedlandrealty.com; Web site: www.friedlandrealty.com.
The Peterson Cos. is developing Moorefield Station, a 700,000 sq.ft. center located at the intersection of Dulles Greenway and Loudoun County Parkway in Ashburn, VA. The mixed-use project will be situated on a land area of 400 acres. Phase 1 development comprises 700,000 sq.ft. of retail, 150,000 sq.ft. of office space and 2,000 residential units. Area demographics include a population of 286,931 within seven miles earning $118,856 as the average household income. The company also is developing Crosstrail, a 550-acre master-planned community located on the Dulles Greenway in Leesburg, VA. At completion, the project is expected to include 775,000 sq.ft. of town center retail, 125,000 sq.ft. supermarket-anchored retail, more than 1.5 million sq.ft. of office space and 1,400 residential units. Demographics include a trade-area population of 96,838 earning $107,466 as the average household income. The company also is developing Virginia Gateway, a 700,000 sq.ft. center located at the intersection of Route 29 and Route 55 in Gainesville, VA with an average daily traffic count of 55,000 vehicles. Opening is slated for the fall. Demographics include a trade-area population of 101,116 earning $99,067 as the average household income. Tenants will include Target, Giant, Lowe’s Home Improvement, HomeGoods, DSW, La-Z-Boy, Panera Bread, PetsMart, Pier 1 Imports, Pizzeria Uno, Ruby Tuesday, IHOP and Starbucks. For more information, contact Marc Menick or Janet McCarthy, The Peterson Cos., 12500 Fair Lakes, Suite 400, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250; Web site: www.petersoncos.com.
General Growth Properties is teaming with Childress Klein Properties to develop Bridges at Mint Hill, a 1.3 million sq.ft. open-air retail/entertainment center in Mint Hill, NC, 15 miles east of Charlotte. A 150,000 sq.ft. Belk and two other similar-sized stores are planned to anchor the development, which is slated to open during spring 2007. In addition to the anchors, the developers are planning specialty tenants, upscale restaurants, a bookstore and a movie theater. General Growth also is developing retail projects in Chula Vista and Elk Grove, CA; Maumee, OH; Rogers, AR and San Antonio and Westlake, TX. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000; Web site: www.generalgrowth.com. Or contact Childress Klein Properties, 300 Galleria Parkway, Suite 600, Atlanta, GA 30339; 770-859-1200, Fax 770-859-1299 or at 301 South College Street, Suite 2800, Charlotte, NC 28202; 704-342-9000, Fax 704-342-9039; Web site: www.childressklein.com.
Chelsea Property Group is planning to develop Jersey Shore Premium Outlets, a proposed center located near the Garden State Parkway in Tinton Falls, NJ. The buildings are expected to range in size from 25,746 sq.ft. to 98,234 sq.ft. Opening is slated for spring 2006. The 70-acre site is bounded by the Garden State Parkway, Route 66 and Essex Road. In all, the outlets would have a GLA of approximately 435,000 sq.ft. with 130 stores, which would average between 3,000 sq.ft. to 3,500 sq.ft. For more information, contact Chelsea Property Group, 105 Eisenhower Parkway, Roseland, NJ 07068; 973-228-6111; Web site: www.cpgi.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.
Volk Co. Commercial Real Estate is preleasing Steam Pump Village, a center located on Oracle Road, north of First Avenue, in Oro Valley, AZ. The project will include 40 acres of commercial land planned for an integrated mixed-use development. Phase I will include 40,000 sq.ft. of retail, restaurant and pad space. Included in this phase is Steinway Piano Gallery and Steam Pump Performing Arts Plaza. For more information, contact Dave Hammack or Brenna Lacey, Volk Co. Commercial Real Estate, 2730 East Broadway, Suite 200, Tucson, AZ 85716; 520-326-3200, Fax 520-327-7906.
The Schultz Organization is redeveloping a 3.5-acre, 27,000 sq.ft. corner retail site located at the Habitat Office Complex located at the intersection of Route 70 and Cedar Bridge Avenue in Brick Township, NJ. Tenants include Vitamin Shoppe and Fatburger. Area retail includes Old Navy, Target, Lowe’s Home Improvement, Modell’s, Home Depot, and Sony Multiplex. For more information, contact Steven Winters, The Schultz Organization, 900 Route 9 North, Suite 301, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Email: swinters@schultznet.com.
Wilson Commercial Real Estate is preleasing Gateway Village, a 150,000 sq.ft. center located at the intersection of Newhall Ranch Road and Rye Canyon Road in Valencia, CA. Opening is slated for the spring. Area retail includes Home Depot and Wal*Mart. Tenants include LA Fitness, Smart & Final and Relax The Back. For more information, contact Wilson Commercial Real Estate, 11845 West Olympic Boulevard, Suite 750, Los Angeles, CA 90064; 310-473-4424, Fax 310-473-6747.
Glimcher Realty Trust is redeveloping Fairfield Commons in Beavercreek, OH and Dayton Mall in Dayton, OH to include lifestyle elements. At Fairfield Commons, Glimcher plans to add about 50,000 sq.ft. of space in the form of a new row of open-air shops erected against one of the center’s wall. At the Dayton Mall, the addition will be more of a “village setting,” which will include approximately 100,000 sq.ft. of freestanding space clustered together in what’s now surface parking for the mall. The additions are expected to be complete in late 2005 or early 2006. For more information, contact Glimcher Realty Trust, 150 East Gay Street, Columbus OH 43215; 614-621-9000, Fax 614-621-9321.
Konover Development Corp. is developing the following sites throughout NH: 183,712 sq.ft. in Tifton. Demographics include a trade-area population of 97,279 earning $56,087 as the average household income; and approximately 240,000 sq.ft. in Somersworth. The company also is developing a center located in Marion, OH. For more information, contact Konover Development Corp., PO Box 4054, Farmington, CT 06034-4054 or 16 Munson Road, Farmington, CT 06032; 860-284-7100 or 877-Konover, Fax 860-284-1176; Web site: www.konover.com.
The Woodmont Co. is developing Pinehurst Square, a 450,000 sq.ft. center located at the intersection of Interstate 94 and Tyler Parkway in Bismarck, ND. Area retail includes Barnes & Noble, Carmike 8, Jo-Ann Fabric & Crafts, Kmart, Office Depot, Pier 1 Imports, Sears, Staples, Target, T.J. Maxx and Wal*Mart. The company also is developing Highland Station, a 12,000 sq.ft. center located at the intersection of Grand Central and Highway 156 in Saginaw, MI. Opening is slated for February 2005. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000.
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