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New Construction
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New Construction Samuels & Associates is preleasing Horizon Commons, a 166,400 sq.ft. center located at the intersection of Silas Deane Highway and Interstate 91 North in Rocky Hill, CT. The center, which is anchored by Kohl’s, will have 28,125 sq.ft.; 25,100 sq.ft. and 16,800 sq.ft. for proposed retail and two proposed restaurant sites available. Area demographics include a population of 560,306 within 10 miles earning $59,485 as the average household income. For more information, contact Joe Harnan, Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617-247-3434, Fax 617-266-8788; Email: jharnan@samuelsre.com.
Talon Development Group, Inc. is preleasing North Branch Plaza, a 12,000 sq.ft. center located on Hall Road in Macomb Township, MI. The site has an average daily traffic count of 39,500 vehicles. Area demographics include a population of 313,226 within seven miles earning $73,383 as the average household income. Area retail includes Partridge Creek Center and Target. For more information, contact Cathy P. Wilson, Talon Development Group, Inc., 550 Hulet Drive, Suite 103, Bloomfield Hills, MI 48302; 248-745-3530; Email: cwilson@talondev.com; Web site: www.talondev.com.
New Market Advisors is preleasing Owens Marketplace, a center located at the intersection of Las Vegas Boulevard and Owens Avenue in Las Vegas, NV. The site is a 24-acre infill property. Area demographics include a population of 493,703 within five miles earning $45,425 as the average household income. For more information, contact Bob Touma, New Market, 2970 West Sahara Avenue, Suite 100, Las Vegas, NV 89102; 702-221-2500 Ext. 318; Email: btouma@newmarketadvisors.com; Web site: www.newmarketadvisors.com.
James Doran Co. is developing The Village at Northshore Town Center located along Interstate 140 and Northshore Drive in West Knoxville, TN. The 155-acre mixed-use development will offer 550,000 sq.ft. of retail space, 330,000 sq.ft. of Class A office space and 700 residences comprising single-family homes and townhomes, condominiums and apartments. Tenants will include a lifestyle retail anchor, restaurant specialty, entertainment and service companies. For more information, contact Lance Hagaman, James Doran Co., 216 Seven Farms Drive, Suite 200, Charleston, SC 29492; 843-881-7550, Fax 843-849-6765; Email: companyinfo@jamesdoranco.com; Web site: www.jamesdoranco.com.
Steven D. Bell & Co. agreed to fund a $165 million mixed-use development at the intersection of Peachtree Road and Hermance Road in the Brookhaven/Buckhead section of Atlanta, GA. The site is situated on a land area of 47 acres. The center, likely called Brookhaven Place, is expected to entail approximately 550,000 sq.ft. of retail, 20,400 sq.ft. of office space and about 1,700 residential units. The Brookhaven development planning includes a 50,000 sq.ft. Whole Foods store, a 128,000 sq.ft. Home Depot and a variety of other large national chains including Best Buy, Barnes & Noble and Linens ‘n Things. There are expected to be an additional 100,000 sq.ft. of smaller retail spaces. Rezoning is expected to take place over the next eight to 10 months with the retail/residential development to begin later this year or in early 2007. For more information, contact Steven D. Bell & Co., 300 North Greene Street, Suite 1000, Greensboro, NC 27401; 336-232-1900, Fax 336-232-1901.
Chase Properties, LTD is planning to develop a 100-acre site for a retail center located in Heath, OH. For more information, contact Chase Properties, LTD, 25825 Science Park Drive, Suite 355, Beachwood, OH 44122; 216-464-6626, Fax 216-464-6346; Email: info@chaseprop.com.
CB Richard Ellis, Inc. is preleasing a center located at the intersection of State Route 429 and West Road in Ocoee, FL. The center will have spaces available of 1,400 sq.ft. to 5,000 sq.ft. Area demographics include a population of 88,998 within five miles earning $56,787 as the average household income. Area retail includes Publix, CVS and Walgreens. The company also is preleasing West Melbourne Center located at the intersection of Interstate 95 and Palm Bay Road in West Melbourne, FL. Area demographics include a population of 221,131 within 10 miles earning $54,422 as the average household income. Area retail includes Wal*Mart Supercenter, Albertsons, Publix and BJ’s Wholesale. The company also is preleasing Avamar Crossing, a center located at the intersection of Avalon Road and Hartwood Marsh Road in Winter Garden, FL. Opening is slated for the second quarter of 2007. The center will have spaces available of 1,400 sq.ft. to 5,480 sq.ft. Anchors include CVS. Area demographics include a population of 38,341 within five miles earning $76,709 as the average household income. The company also is preleasing a 13,000 sq.ft. center located at the intersection of Colonial Drive and Forsyth Road in Orlando, FL. Area demographics include a population of 95,768 within three miles earning $48,586 as the average household income. The site has an average daily traffic count of 48,000 vehicles. The company also is preleasing Gibbs Plaza, a center located at the intersection of U.S. Highway 17 and Violetwood Road in Deland, FL. Opening is slated for the second quarter of 2007. Area demographics include a population of 50,508 within five miles earning $49,400 as the average household income. Area retail includes Wal*Mart Supercenter. For more information, contact Wood Belcher, CB Richard Ellis, Inc., 201 South Orange Avenue, Suite 1500, Orlando, FL 32801; 407-839-3110, Fax 407-839-3171; Email: wood.belcher@cbre.com; Web site: www.cbre.com/wood.belcher.
Selig Enterprises is developing The District at Howell Mill, a 300,000 sq.ft. center located in Atlanta, GA. Opening is slated for the late fall. The center will include a 150,000 sq.ft. Wal*Mart, a T.J. Maxx, Ross Dress For Less and an Ulta salon and cosmetics store. Demographics include a trade-area population of 146,485 earning $68,794 as the average household income. For more information, contact Selig Enterprises, 1100 Spring Street NW, Suite 550, Atlanta, GA 30309; 404-876-5511, Fax 404-875-2629; Web site: www.seligenterprises.com.
Novare Group is planning to develop a site along Howell Mill Road, between Interstate 75 and Collier Road, in the Atlanta, GA area. The proposed center is expected to include retail with some residential space on top. For more information, contact Novare Group, 817 West Peachtree Street, Suite 601, Atlanta, GA 30308; 404-815-1234, Fax 404-815-5678; Web site: www.novaregroup.com.
Edgewood Properties is preleasing Nantucket at Galloway, a center located at the intersection of White Horse Pike, Genoa Avenue and Atlantic Avenue in Galloway, NJ. The center will have available spaces of 21,200 sq.ft.; 3,000 sq.ft. for a fast food restaurant; 4,200 sq.ft. for a bank; 7,832 sq.ft. for a restaurant; 13,013 sq.ft. for a proposed CVS and 40,000 sq.ft. for a proposed Frank Theatres. Area demographics include a population of 81,533 within seven miles earning $124,278 as the average household income. For more information, contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-985-5588.
HSS Management Co. is preleasing Amlings Plaza, a 40,000 sq.ft. center located on West North Avenue in Melrose Park, IL. The site has an average daily traffic count of 62,000 vehicles. Area demographics include a population of 483,988 within five miles earning $72,746 as the average household income. The center is located adjacent to Value City Department Store and Cinemark Theatres and is across the street from Target, Jewel-Osco, Best Buy, OfficeMax and Cub Foods. For more information, contact Eileen Wall, HSS Management Co., 4801 West Golf Road, Suite 200, Skokie, IL 60077; 847-677-9100, Fax 847-677-9106.
Sage Cosgray Development is developing Patch Plaza, a center located at the intersection of Cosgray Road and Woodview Way in Hilliard, OH. The center will have spaces available of 800 sq.ft. to 20,000 sq.ft. Area demographics include a population of 94,724 within five miles earning $79,186 as the average household income. Opening is slated for January 2007. For more information, contact Josh Fitzwater, Sage Cosgray Development, 4656 Executive Drive, Columbus, OH 43220; 614-545-1444, Fax 614-545-1444.
Indermuehle & Co. is planning to develop additions for the Sugar Land Town Square in Sugar Land, TX, including an additional 51,000 sq.ft. of high-end retail space, as well the Brazos Town Center at the intersection of U.S. 59 and FM 762 in Brazos, TX. The Brazos addition will include 100 acres of retail space, including restaurants and a movie theater. For more information, contact Indermuehle & Co., 1650 Highway 6, Suite 190A, Sugar Land, TX 77478; 281-240-9090, Fax 281-276-6590; Web site: www.icotexas.com.
Investment Property Specialists is preleasing a center located on a land area of 3.3-acres fronting Route 12/20 in Auburn, MA. The 32,000 sq.ft. center would have spaces available up to 16,000 sq.ft. For more information, contact Trish O’Neil, Investment Property Specialists, 855 Worcester Road, Framingham, MA 01701; 508-875-4800, Fax 508-820-9780; Email: trish@ipsre.com; Web site: www.ipsre.com.
NewMark Merrill Cos. is planning to develop a 164,000 sq.ft. center located in Thousand Oaks, CA. The space, which is situated on a land area of 12 acres, was formerly occupied by Home Depot. The center may include an Albertsons supermarket, Walgreens, a hotel and an assortment of retail shops. For more information, contact NewMark Merrill Cos., 5850 Canoga Avenue, Suite 650, Woodland Hills, CA 91367; 818-710-6100, Fax 818-710-6116; Web site: www.newmarkmerrill.com.
The Allen Group is planning to develop a 107-acre, mixed-use office, industrial and retail complex adjacent to Meadows Field in Bakersfield, CA. The center is planned for a blend of office space, lodging, industrial uses, airport-related businesses, dining and retail options. For more information, contact The Allen Group, 11943 El Camino Real, Suite 200, San Diego, CA 92130; 858-764-6800, Fax 858-764-6809; Web site: www.allengroup.com.
Stirling Properties is planning to develop a center located at the intersection of Louisiana Avenue and Interstate 10 in Lafayette, LA. The center would be situated on a land area of 54 acres and the anchor store, Target, could open by late next year. For more information, contact Stirling Properties, 1819 West Pinhook Road, Suite 100, Lafayette, LA 70508-3719; 337-237-2919, Fax 337-232-2646; Web site: www.stirlingprop.com.
Kite Realty Group Trust is developing an adjacent 5.3 acres to its Gateway Shopping Center located in Seattle, WA. Both the original Gateway Shopping Center project and this additional phase are being developed by the company through a joint venture. In total, Gateway is expected to include two anchor-owned spaces, an 88,000 sq.ft. Kohl’s Department Store and a 93,000 sq.ft. Winco Foods. The center will also include a 30,000 sq.ft. junior box, approximately 45,000 sq.ft. of small shops and five outlots. Currently 40% of the owned GLA at Gateway is in various stages of lease negotiations. Opening for the project is slated for the first quarter of 2007. The company also is developing Tarpon Springs Plaza, a center located in Naples, FL. The center will be anchored by a non-owned Target. Approximately 97% of the owned GLA at the center is in various stages of lease negotiations. The company has signed leases with Staples, Cost Plus World Market, Panera Bread, Starbucks and Chili’s. For more information, contact Kite Realty Group Trust, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5605; Web site: www.kiterealty.com.
The Sembler Co. is developing Heron Creek, a center located at the southeast corner of Sumter Boulevard and Price Boulevard in North Port, FL. The site has an average daily traffic count of 23,344 vehicles. Opening is slated for mid 2008. Area demographics include a population of 49,330 within seven miles earning $45,332 as the average household income. The company also is developing Henry Marketplace, a mixed-use center located at the southwest corner of Interstate 75 and Jonesboro Road in McDonough, GA. The center will be located directly across the street from Henry Town Center, an 800,000 sq.ft. multi-anchored power center. Area demographics include a population of 100,676 within seven miles earning $83,876 as the average household income. The site has an average daily traffic count of 164,524 vehicles. For more information, contact Andrew Carlson, The Sembler Co., 5858 Central Avenue, St. Petersburg, FL 33707-1728; 727-384-6000 Ext. 3016, Fax 727-343-4272; Web site: www.sembler.com.
Sandor Development Co. is developing Hull Street, a 15,600 sq.ft. center located on Hicks Road in Richmond, VA. The center will have spaces available of 1,600 sq.ft. to 3,000 sq.ft. Area retail includes a 62,000 sq.ft. Kroger supermarket. Area demographics include a population of 142,035 within five miles earning $63,170 as the average household income. The company also is developing Safeway Plaza, a center located at the intersection of 14th Street and 16th Street in Cottage Grove, OR. Tenants include Allied Cash and Supercuts and spaces are available from 1,200 sq.ft. to 3,775 sq.ft. Area demographics include a population of 14,473 within five miles earning $48,626 as the average household income. For more information, contact Blake Beaver, Sandor Development Co., 2220 North Meridian Street, Indianapolis, IN 46208; 317-442-2743, Fax 317-927-0725; Email: bbeaver@sandordev.com; Web site: www.sandordev.com. For information regarding Safeway Plaza, contact Jason Haun, Sandor Development Co., 5725 North Scottsdale Road, Suite C-195, Scottsdale, AZ 85250; 480-949-9011 or cell 602-327-6365; Email: jhaun@sandordev.com. |