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New Construction
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New Construction Canyon Gulfside Greenville, LLC is developing Magnolia Park Town Center on Woodruff Road in Greenville, SC. The 65-acre, 676,000 sq.ft. retail and entertainment center will feature upscale shops and restaurants and will be anchored by Regal Cinemas, Costco and Rooms To Go. Opening is scheduled for spring 2008. For more information, contact Canyon Capital Realty Advisors, 9665 Wilshire Boulevard, Suite 200, Beverly Hills, CA 90212-2309; 310-247-2700; Fax 310-247-8067; Email: bobbyturner@canyonpartners.com; Web site: www.canyoncapital.com.
Cameron Group, LLC is developing The Gateway, a $380 million mixed-use center in Mission, KS. The 17-acre, 1.3 million sq.ft. development will have residential, retail, hotel and office space and open entertainment venues. The project will also have 350 condominiums and row houses for purchase, 500,000 sq.ft. of retail space, 180,000 sq.ft. of office space, a 150-room hotel and an extension campus of Johnson County Community College. The Gateway is scheduled for completion during summer 2008. For more information, contact Kevin Eldred, Cameron Group, LLC, 6007 Sair Lakes Road, East Syracuse, NY 13057; 315-701-3334.
Wulfe & Co. is developing 21 acres of land next to Galleria in Houston, TX. The development will be called BLVD Place and will be located at the intersection of Post Oak Boulevard and San Felipe. The development will become a major mixed-use site for retail, office, hotel and condominiums and will be anchored by an 80,000 sq.ft. Whole Foods Market. The project’s plan boasts 600,000 sq.ft. of retail, restaurant and boutique office space, as well as 800 residential high-rise units and a luxury hotel/condominium. BLVD Place is set to break ground by the end of this year and open in 2009. For more information, contact Wulfe & Co., 12 Greenway Plaza, Suite 1500, Houston, Texas 77046; 713-621-1700, Fax 713-621-3244; Email: info@wulfe.com; Web site: www.wulfe.com.
The Richden Co. is preleasing EastGate Plaza, a 19,200 sq.ft. center that will house retail stores, offices and restaurants on Highway 2 in Valparaiso, IN. Occupancy is expected for this summer, with rent starting at $24 psf. The site is directly across from Target, Kohl’s, Menards, Home Depot, Pier 1 Imports, Barnes & Noble and Best Buy. For more information, contact Dennis E. Claussen, The Richden Co., 1410 West Irving Park Road, Chicago, IL 60613; 773-871-4737, Fax 773-871-3118; Email: richdenco@sbcglobal.net.
Fountainhead Development and CB&C Corp. completed the acquisition of approximately 11 acres at the southwest corner of Bear Valley Road and Apple Valley Road in Apple Valley, CA and plan to start construction on Jess Ranch Marketplace. Lee & Associates-Victorville, Inc. acted as broker for seller Jess Ranch Marketplace, LLCin the transaction. Pending town approvals, Fountainhead Development and CB&C Corp. will add about 85,000 sq. ft. of inline office and retail space plus restaurants to the Jess Ranch Marketplace. The new commercial space will be built in front of, and to the side, of the existing Target store location. Inline tenants include 99 Cents Only stores, The Automobile Club of Southern California and PFF Bank & Trust. Restaurant tenants include Panda Express and Oggi’s Pizza & Brewery. The cost of the land and buildings will exceed $24 million. This is the first of three phases of development at Jess Ranch Marketplace. For more information, contact Ron Barbieri, Lee & Associates-Victorville, Inc., 14369 Park Avenue Suite 200, Victorville, CA 92392; 760-241-5211 Ext. 225, Fax 760-241-1208; Email: rbarbieri@lee-associates.com; Web site: www.lee-associates.com.
CDE Development Group is preleasing Van Dyke Commons located at the intersection of North Dale Mabry Highway and Van Dyke Road in Lutz, FL. LA Fitness and Golfsmith will anchor the 136,000 sq.ft. center. Cotenants will include AmSouth Bank, Bank of America, Walgreens and Village Inn. Area demographics include a population of 55,750 within three miles earning $96,244 as the average household income. The center has small shop spaces available of 2,000 sq.ft. to 14,000 sq.ft., with asking rent at $18 psf NNN. There are also two junior boxes spaces available of 15,336 sq.ft. and 25,802 sq.ft., with CAM of $6 psf. For more information, contact Tony Menendez or Melisa French, CDE Development Group, 5509 West Gray Street, Suite 201, Tampa, FL 33609; 813-637-0500, Fax 813-637-0609; Emails: tony@cdellc.com and akumal123@aol.com.
Welco Realty, Inc. is preleasing a proposed 30,000 sq.ft. center located on Route 23 Southbound in Wayne, NJ. Area demographics include a population of 165,700 within five miles earning $94,172 as the average household income. For more information, contact Welco Realty, Inc., 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596.
Bosshardt Realty is preleasing a 13,000 sq.ft. mixed-use development adjacent to Shands Hospital and the University of Florida, located at the intersection of State Road 24 and State Road 121 in Gainesville, FL. The development has spaces of 6,000 sq.ft. to 12,000 sq.ft. available. The company is also preleasing a 5,000 sq.ft. development across from the University of Florida and its football stadium. Located at the intersection of State Road 26 and State Road 441 in Gainesville, FL, the development has spaces available of 3,500 sq.ft. and up. For more information, contact John Thomas, Bosshardt Realty, 5542 Northwest 42nd Street, Gainesville, FL 32653; 352-538-4453, Fax 352-378-2737; Email: johnthomas@bosshardtrealty.com; Web site: www.gainesvilleflrealtor.com .
North American Properties Southeast, Inc. is preleasing phase II of The Forum at Fort Myers, a 480,000 sq.ft. center located at the intersection of Interstate 75 and Colonial Boulevard in Fort Myers, FL. The site has an average daily traffic count of 69,590 vehicles. For more information, contact Dale Hafele or Shawn McIntyre, North American Properties Southeast, Inc., 7500 College Parkway, Fort Myers, FL 33907; 239-278-1121, Fax 239-278-0995; Web site: www.naproperties.com.
O&S Holdings, LLC is developing Kaukauna Marketplace, a center on a land area of 52 acres at the intersection of Highway 41 and Highway 55 in Kaukauna, WI. The mixed-use center will consist of several big box retailers, specialty stores, services and restaurants and is scheduled to break ground in summer 2007. The company is also developing a land area of 65 acres at the intersection of Interstate 20 and Garrett Avenue in Monroe, LA for the purpose of building Monroe Marketplace. The 350,000 sq.ft. center will consist of specialty and service stores, restaurants, several big box retailers and a movie theater. For more information, contact Rachel Forman, O&S Holdings, LLC, 3130 Wilshire Boulevard, 2nd Floor, Santa Monica, CA 90403; 310-207-8600 Ext. 151; Email: rforman@osholdings.com; Web site: www.osholdings.com.
Las Vegas Development Co. is developing Marcello Marketplace, a 150,000 sq.ft. center located at the intersection of North Rancho Drive and Carey Avenue in Las Vegas, NV. Opening is slated for the fall. For more information, contact Carl D. Marcello, Las Vegas Development Co., 4069 Dean Martin Drive, Las Vegas, NV 89103; 702-499-9900; Email: cdmarcello@lvdevco.com; Web site: www.lvdevco.com. |