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New Construction
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New Construction Petrie Ventures, Inc. is developing Centre at Laurel, a 163,000 sq.ft. center located at the intersection of Route 1 and Contee Road in Laurel, MD. The center will be anchored by PetsMart and Shoppers Food Warehouse and will be tenanted by Chick-fil-A, Nextel, California Tortilla, Longhorn Steakhouse, Three Brothers, Chevy Chase Bank, Starbucks and Cold Stone Creamery. Area demographics include a population of 150,441 within five miles earning $72,222 as the average household income. Opening is slated for Winter 2006. The company is redeveloping Centre at Glen Burnie, a 459,000 sq.ft. center located in Glen Burnie, MD. The center is anchored by Target, Dick’s Sporting Goods, Toys “R” Us and Best Buy and will be tenanted by Hallmark, Lane Bryant, Cold Stone Creamery, Great Clips and 4 Star Nails. The company also is redeveloping Centre at Forestville, a 458,996 sq.ft. center located in Forestville, MD. The center is anchored by Target, JCPenney and Old Country Buffet and is cotenanted by Jerry’s Subs & Pizza, Lane Bryant, Rainbow, Bath & Body Works, Regis Salon, Radio Shack, Foot Locker, Ashley Stewart, Zale’s, Athlete’s Foot, Sam Goody, Kay’s Jewelers, Jimmy Jazz, His and Hers and Anna’s Linens. Area demographics include a population of 278,028 within five miles earning $65,506 as the average household income. For more information, contact Petrie Ventures, Inc., 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800, Fax 410-573-3801; Email: info@petrieventures.com.
The Velmeir Cos. is developing a site located at the intersection of Gezon and Byron Center in Wyoming, MI. Area demographics include a population of 148,342 within five miles earning $48,695 as the average household income. The company also is developing a site located at the intersection of Cedar and Dodd in Lakeville, MN. Area demographics include a population of 128,054 within five miles earning $74,462 as the average household income. For more information, contact The Velmeir Cos., 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7996, Fax 248-539-9449.
General Growth Properties is developing The Shops at La Cantera, a center located at the intersection of Texas State Loop 1604 and Interstate 10 in San Antonio, TX. The center will be anchored by Neiman Marcus and Nordstrom. The company also is developing The Shops at Fallen Timbers, a 400-acre mixed-use development located at the intersection of U.S. Route 24 and Jerome Road in Maumee, OH. The center will include one million sq.ft. of GLA, as well as an office park and residential space. The center will be anchored by Dillard’s, Showcase Cinemas, Barnes & Noble and P.F. Chang’s China Bistro. For more information, contact Jill Creps or Kirk Dotson, General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000; Email: jill.creps@generalgrowth.com and kirk.dotson@generalgrowth.com.
Barclay Group is preleasing Market at Victory Village, a center located at the intersection of Franklin Road/Highway 96, Rucker Lane and Battalion Boulevard in Murfreesboro, TN. The center will be anchored by Publix. For more information, contact Matt Fuller or Kandi Carpenter, Barclay Group, 1123 Overcash Drive, Dunedin, FL 34698; 727-733-7585 Ext. 324 or 320, Fax 727-733-9510; Emails: mfuller@barclaygroupeast.net and kcarpenter@barclaygroupeast.net; Web site: www.barclaygroup.net.
Gateway Builders & Properties is developing Parkway at 17 Plaza, a center located at the intersection of U.S. 20 and Middlebury Street in Elkhart, IN. The center will be situated on a land area of 25 acres and will have spaces available of 1,200 sq.ft.; 1,800 sq.ft. and 4,000 sq.ft., as well as four outparcels. Opening is slated for this month. The center will be anchored by Beef O’Brady’s and will be cotenanted by Liberty Fitness, Nextel, Big League Barbershop and Char & Elsie’s Café. Asking rent is $13 psf with CAM of $2.50 psf. Area retail includes Quizno’s, Chalet Party Shop, State Farm, Edward Jones, H&R Block, McDonald’s, Arby’s and Dairy Queen. For more information, contact Lori Snyder or Dan Brekke, Gateway Builders & Properties, 5230 Beck Drive, Suite 3A, Elkhart, IN 46576; 574-295-9944, Fax 574-389-8773; Email: lori@gate-wayproperties.com.
Garden Commercial Properties is developing Tampa Palms Shopping Center, a 306,000 sq.ft. center located at the intersection of Interstate 75 and Bruce B. Downs Boulevard in Tampa, FL. The company also is developing Raritan Town Square, a 520,000 sq.ft. center located at the intersection of County Route 523 and State Route 31 in Raritan, NJ. Area demographics include a population of 112,385 within 10 miles earning $122,136 as the average household income. The company also is developing Riverdale Crossing, a 260,000 sq.ft. center located at the intersection of Interstate 287 and State Highway 23 in Riverdale, NJ. The center will be anchored by Wal*Mart. Area demographics include a population of 194,401 within seven miles earning $114,759 as the average household income. For more information, contact Garden Commercial Properties, 820 Morris Turnpike, Short Hills, NJ 07078; 973-467-5000 Ext. 200.
The Prism Group is preleasing Piedmont Square, a 25,000 sq.ft. center located at the intersection of Michaels and 4th in Hickory, NC. The site has an average daily traffic count of 40,000 vehicles. Area demographics include a population of 67,706 within five miles earning $57,059 as the average household income. The center has spaces available of 2,000 sq.ft. to 25,000 sq.ft. Opening is slated for next year. For more information, contact Kathleen Rose, The Prism Group, PO Box 729, Hickory, NC 28036; 828-322-6800, Fax 828-322-9915.
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.
Massell Commercial Real Estate is preleasing Sweetwater Village, a 30,000 sq.ft. center located at the intersection of Lee Road and East County Line Road, just south of Interstate 20, in Douglas County, GA. The center is situated on a land area of 16 acres, which also include pad sites. The center will be anchored by a drug store and video store, as well as a doctor’s office. Cotenants will include a salon, restaurants, a convenience store and a cleaners. Area demographics include a population of 71,000 within five miles earning $51,000 as the average household income. Asking rents range from $18 psf to $20 psf with CAM of $1.50 psf and taxes of $2 psf. For more information, contact Kimberly Atlee, Massell Commercial Real Estate, 5600 Roswell Road, Suite 350 North, Atlanta, GA 30342; 404-255-6810, Fax 404-252-3883; Email: k.atlee@massell.com.
Stafford Properties, Inc. is planning to develop a mixed-use center located adjacent to Haywood Mall in Greenville, SC. The center has anchor, small shop space and outparcels available. The company also is planning to develop a center situated on a land area of 34 acres in Bluffton, SC. The site is located on Highway 278. The center has anchor, small shop space and outparcels available. The company also is preleasing a 16,000 sq.ft. center located in Lithonia, GA. Stonecrest Promenade will be situated on an outparcel site in front of a new Target store with retailers including Pier 1 Imports and Ross Dress For Less. For more information, contact Kevin Donegan, Stafford Properties, Inc., 80 West Wieuca Road, Suite 302, Atlanta, GA 30342; 404-256-9100, Fax 404-256-6358; Email: kevindonegan@staffordprop.com.
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. |