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New Construction
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New Construction CBL & Associates Properties, Inc. and The Richard E. Jacobs Group are developing Phase 1 of Gulf Coast Town Center, a 445,000 sq.ft. project located near Interstate 75 in San Carlos Park, FL. The center is anchored by Super Target, Regal Cinemas, Petco, Jo-Ann, Babies “R” Us, Linens ‘N Things, Staples and Kirkland’s. Both companies are developing the 1.7 million sq.ft. mall in three phases. It will include 10 anchor stores and approximately 120 specialty shops and restaurants. The center’s one million sq.ft. second phase is scheduled to open next fall with Belk, JCPenney, Bass Pro Shops, Border’s Books & Music and two Marriott hotels. The mall will feature three shopping districts, including the southern Village, central Lakefront and northern Market. The Village, oriented around a main street with two parks and multiple gathering spots, will mix about 100 shops and restaurants with residential and office space. The Market will feature about 40 stores and casual dining restaurants. For more information, contact CBL & Associates Properties, Inc., CBL Center, Suite 500, 2030 Hamilton Place Boulevard, Chattanooga, TN 37421-6000; 423-855-0001; Email: info@cblproperties.com. Or contact, The Richard E. Jacobs Group, Inc., 25425 Center Ridge Road, Cleveland, OH 44145-4122; 440-871-4800, Fax 440-808-6902; Web site: www.rejacobsgroup.com.
Coldwell Banker Commercial Argue Properties is developing RiverWalk Crossing, a mixed-use lifestyle center located in Tulsa, OK. The center will include restaurants, retail, theater, offices and a boardwalk entertainment area. The center connects to the Oklahoma Aquarium and across the Jenks Pedestrian Bridge to the Tulsa Riverparks Trail System. The center also will include a waterfall with a cave backdrop and wildlife sculpture, outdoor fireplaces, dancing fountains, outlook areas for the Arkansas River, bronze sculptures and an outdoor amphitheater. For more information, contact Coldwell Banker Commercial Argue Properties, 401 South Boston, Suite 2424, Tulsa, OK 74103; 918-587-1900, Fax 918-699-0324; Email: jburcham@argueproperties.com.
Developers Realty is developing Deltona Town Commons, a 750,000 sq.ft. center located at the intersection of Interstate 4 and State Route 472 in Deltona, FL. The center will be situated on a land area of 90 acres. Opening is slated for 2007 or 2008. The company also is developing Town Centre at St. Augustine, a 400,000 sq.ft. center located in St. Augustine, FL. Opening is slated for 2007 or 2008. The center is situated on a land area of 80 acres. For more information, contact Mike Lynch, Developers Realty, 90 Forbes Road, Milton, MA 02186; 800-231-6221, Fax 617-696-2222; Web site: www.developers-realty.com.
KMA Commercial Real Estate is preleasing Soho Square, 250,000 sq.ft. center located at the intersection of 18th Street South and Highway 31 in Birmingham, AL. Opening is slated for November. The center has spaces available of 2,200 sq.ft.; 2,700 sq.ft. and 3,200 sq.ft., is anchored by Soho Market and is cotenanted by Zoe Kitchen, Soho Sweets, Habache, Merle Norman, Fusion Spa, Grey House Grill and Jackson Bistro. Asking rent is $24 psf. Area demographics include a population of 191,578 within five miles earning $69,132 as the average household income. For more information, contact Tammy Johnson, KMA Commercial Real Estate, PO Box 131194, Birmingham, AL 35213; 205-877-4040, Fax 205-599-2192; Email: tjohnson@zebra.net.
Carlisle Retail Group, LLC is preleasing a 120,000 sq.ft. center located at the intersection of U.S. 301 and Big Bend Road in Riverview, FL. The center will be anchored by Sweetbay Supermarket and has inline space available, as well as outparcels. Opening is slated for Fall 2006. For more information, contact Lamar Haggard, Carlisle Retail Group, LLC, 1803 Park Center Drive, Suite 220, Orlando, FL 32835; 407-295-0909, Fax 407-295-4472; Web site: www.carlisleretail.net.
Premier Properties is preleasing Metropolis, an 850,000 sq.ft. open-air lifestyle center located on Perry Road, south of U.S. 40, in Plainfield, IN. Opening is slated for later this month. The center will be anchored by a 95,000 sq.ft. prototype JCPenney, a 90,000 sq.ft. state-of-the-art Rave Theatre with 18 screens and a 66,000-square-foot two-level Dick’s Sporting Goods. In addition to the anchor tenants, Metropolis’ Phase I alone encompasses nearly 60 stores new to the Indianapolis westside market, including Victoria’s Secret, Coldwater Creek, J.Jill, Ann Taylor Loft, Designer Shoe Warehouse, Old Navy, Christopher & Banks, Journey, Limited Too, New York & Co., Ann Taylor Loft, Bath & Body Works, Jos. A. Bank, Kirkland’s, Lane Bryant, Pacific Sunwear, Finish Line, Yankee Candle, Stone Creek Dining, Claddagh Irish Pub, Barnes & Noble and Vera Bradley. In addition to retail sites, Metropolis will also include venues for entertainment, including storytellers, puppets, mimes, magicians, musical performances, festivals and exhibits. For more information, contact Premier Properties USA, Inc., 5252 East 82nd Street, Suite 300, Indianapolis, IN 46250; 317-558-9900, Fax 317-558-5252; Email: premierproperties@ppusa.net; Web site: www.ppusa.com.
PlazaCorp. Realty Advisors, Inc. is preleasing Sam’s Plaza and a restaurant pad located at the intersection of Westnedge Avenue and Romence Parkway in Portage, MI. The site has spaces available of 2,500 sq.ft.; 5,000 sq.ft. and 10,000 sq.ft., as well as outlots up to 8,000 sq.ft. Opening is slated for February 2006. The center is anchored by Sam’s Club. Area demographics include a population of 108,855 within five miles earning $42,257 as the average household income. For more information, contact Jon Jurhs, PlazaCorp. Realty Advisors, Inc., 211 East Water Street, Kalamazoo, MI 49006; 269-383-5775, Fax 269-585-5774; Email: jjurhs@plazacorp.net; Web site: www.plazacorp.net.
Century Retail is preleasing Cambridge Oaks, a 25,000 sq.ft. center located at the intersection of U.S. 17-92 and Plumosa Avenue in Casselberry, FL. Area demographics include a population of 212,161 within five miles earning $70,842 as the average household income. The company also is preleasing Orange City Town Center, a 36,000 sq.ft. center located at the intersection of Enterprise Road and Saxon Boulevard in Orange City, FL. For more information, contact Julia Sosa, Century Retail, 5750 Major Boulevard, Suite 240, Orlando, FL 32819; 407-248-9828, Fax 407-248-9833.
Commercial Advantage, Inc. is preleasing a center located on Route 6 in Portage, IN. Opening is slated for May 2006. The center will be anchored by a 16-plex IMAX Showplace Theatre. For more information, contact Michele Mirich, Commercial Advantage, Inc., 9111 Broadway, Suite LL, Merrillville, IN 46410; 219-736-0014, Fax 219-736-0134; Email: mmirich@commercial-adv.com.
General Growth Properties is redeveloping Natick Mall located in Natick, MA. The company is planning to add high-end department stores Nordstrom and Neiman Marcus. Cotenants include Crate & Barrel, Coldwater Creek and Pottery Barn Kids. Charles Court will be a two-level, freestanding, 600,000 sq.ft. luxury retail development just north of Natick Mall. Phase II will connect the existing Natick Mall with the new Charles Court, adding an additional 150,000 sq.ft. of retail space built with an outdoor park and sculpture garden as the centerpiece. A high-rise, 250-unit luxury residential tower, cosmopolitan boutique hotel, six signature restaurants and an upscale sports club with spa facilities are also included in the expansion. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000.
Realm Realty is preleasing The Woodlands Crossing Shopping Center, a 136,000 sq.ft. center located at the intersection of Parkway and Kuykendahl Road in The Woodlands, TX. Opening is slated for next month. The center is situated on a land area of 22 acres and is tenanted by Walgreens and Starbucks. Area demographics include a population of 100,674 within five miles earning $111,139 as the average household income. The site has an average daily traffic count of 46,804 vehicles. The company also is preleasing Almeda Crossing Shopping Center, a 205,000 sq.ft. center located at the intersection of Almeda-Genoa Road and Rowlett Street in Houston, TX. The center is situated on a land area of 21 acres and is anchored by Wal*Mart Supercenter, PetsMart and Circuit City. Cotenants include Washington Mutual, Payless ShoeSource and Sally Beauty. Area demographics include a population of 515,921 within five miles earning $51,468 as the average household income. The site has an average daily traffic count of 22,660 vehicles. For more information, contact Kathryn Fowler, Realm Realty, 900 Town & Country Lane, Suite 210, Houston, TX 77024; 713-465-0001, Fax 713-465-3856; Web site: www.realmrealty.com.
Rosetto Realty Group, LLC is preleasing Jackson Crossings, a 60,000 sq.ft. center located at the intersection of Hope Chapel Road and East Veterans Highway in Jackson, NJ. The center has 15,000 sq.ft. of second-floor corner retail available. Cotenants include Rite Aid, Shore Commerce Bank, a Chinese restaurant and a fast food restaurant. Area demographics include a population of 50,000 within three miles earning $54,000 as the average household income. Opening is slated for Spring 2006. For more information, contact Ronald Rosetto or John Tzezairlidis, Rosetto Realty Group, LLC, 81 East Water Street, Suite 3C, Toms River, NJ 08753; 732-244-6700, Fax 732-244-6701; Web site: www.rosettorealty.com. |