|
New Construction
|
|
|
New Construction RED Development is developing Eagle River Station, a 530,000 sq.ft. center located at the intersection of Interstate 70 and Eby Creek Road in Eagle, CO. The center is situated on a land area of 69 acres and is slated to open during Fall 2008. Area demographics include a population within five miles earning $97,588 as the average household income. The center will include junior anchors, fashion stores, home furnishing stores, fast-casual restaurants, sit-down restaurants and entertainment venues. The company also is developing Summit Fair, a 550,000 sq.ft. center located at the intersection of Interstate 470 and Highway 50 in Lee’s Summit, MO. The center is situated on a land area of 63 acres and will be tenanted by men’s and women’s fashion stores, home furnishings stores, fast-casual restaurants, sit-down restaurants and specialty stores. Opening is slated for Spring 2008. Area demographics include a population of 96,267 within five miles earning $77,047 as the average household income. The company also is developing One Nineteen, a 160,000 sq.ft. center located at the intersection of 119th Street and Roe Avenue in Leawood, KS. The center is situated on a land area of 15.5 acres and will be tenanted by high-end men’s and women’s apparel stores, home furnishings stores, specialty shops and upscale restaurants. The company also is developing Akard Place, a one million sq.ft. center located at the intersection of Ashland Street and North Field Street in Dallas, TX. The center is situated on a land area of three acres and will include specialty retail, entertainment venues and restaurants. Opening is slated for Fall 2008 or Spring 2009. Area demographics include a population of 340,999 within five miles earning $75,017 as the average household income. The project plans call for two towers that include a mix of hotel and residential space, plus up to 150,000 sq.ft. of retail. The company also is developing The Promenade at Chenal, a 340,000 sq.ft. center located at the intersection of Chenal Parkway and Rahling Road in Little Rock, AR. The center is situated on a land area of 48 acres and will be tenanted by upscale national, regional and local retailers, restaurants and entertainment venues. For more information, contact Sharon Wilkins, RED Development, 4717 Central, Kansas City, MO 64112; 816-777-3500, Fax 816-777-3501; Email: swilkins@reddevelopment.com. For more information regarding Summit Fair, contact Joanna B. Shawver at 817-777-3500; Email: jshawver@reddevelopment.com. For more information regarding Akard Place, contact Bobby Johnson at 480-947-7772; Email: bjohnson@reddevelopment.com.
Crossroads Commercial Real Estate is preleasing a 37,500 sq.ft. center located in Franklin Township, NJ. Area retail includes an approved ShopRite and CVS. There are more than 4,000 homes built or in development within two miles of the center. For more information, contact Crossroads Commercial Real Estate, One International Boulevard, Suite 400, Mahwah, NJ 07495; 201-512-8791, Fax 201-512-8830; Email: crosscommre@excite.com.
Regency Centers is developing Portage Center, a 64,504 sq.ft. center located at the intersection of U.S. Highway 6 and Augusta Boulevard in Portage, IN. The site has an average daily traffic count of 18,160 vehicles. Area demographics include a population of 42,346 within three miles earning $58,249 as the average household income. The center is shadow-anchored by Menards. For more information, contact Regency Centers, 1315 West 22nd Street, Suite 250, Oak Brook, IL 60523; 630-645-2800 or 800-947-3739; Web site: www.regencycenters.com.
Century Retail is preleasing Woodland Crossings, a proposed 16,800 sq.ft. center located at the northwest corner of U.S. Highway 17 and Violetwood Drive in Deland, FL. Area retail includes Wal*Mart Supercenter. The site has an average daily traffic count of 32,500 vehicles. Area demographics include a population of 50,925 within five miles earning $48,699 as the average household income. For more information, contact Julia Sosa or Cheri Hendricks, Century Retail, 5750 Major Boulevard, Suite 240, Orlando, FL 32819; 407-248-9828, Fax 407-248-9833; Web site: www.centuryretail.com.
Grubb & Ellis/BRE Commercial, LLC is preleasing a 9,000 sq.ft. mixed-use center located at the intersection of Interstate 10 Freeway and Ray Road in Chandler, AZ. The center is located adjacent to specialty shops at the Casa Paloma Shopping Center. For more information, contact Brian Kocour or Courtney Auther, Grubb & Ellis/BRE Commercial, LLC, 2375 East Camelback Road, Suite 300, Phoenix, AZ 85016; 602-954-9000, Fax 602-468-8588; Emails: bkocour@brephoenix.com and cauther@brephoenix.com.
Ash Properties, Inc. is developing the following centers in St. Augustine, FL: The Shoppes at Mill Creek, a center located on Highway 16 at Interstate 95; The Shoppes at Mill Creek North located on Highway 16 at Interstate 95; a 1.2-acre pad site at the main intersection entering Anastasia Island and St. Augustine Beach; and The Shoppes of St. Augustine located at the intersection of State Road 16 and Race Track Road. The company also is developing the following centers: The Shoppes of St. Johns, a center located on U.S. 1 in St. Johns County, FL; The Shoppes at Durbin Crossing, a center located at the corner of Phillips Highway and Old St. Augustine Road in Jacksonville, FL; Panther Plaza, a center located on Phillips Highway in Nocatee, FL; and pad sites at Stokes Landing Road in St. Johns County, FL. The company also is developing the following centers on the north side of Jacksonville, FL: Dunns Creek Crossing, a center located at the intersection of Highway 9A and Alta Drive; and Hart’s Road Shopping Center located on Hart’s Road, just off Interstate 95 and Dunn Avenue. For more information, contact Ash Properties, Inc., 7880 Gate Parkway, Suite 300, Jacksonville, FL 32099; 904-992-9000, Fax 904-992-9389; Email: leasing@ashpropertiesinc.com; Web site: www.ashpropertiesinc.com.
The Velmeir Cos. is developing a site located at the northeast corner of Cherry Hill and Canton Center in Canton, MI. Area demographics include a population of 151,835 within five miles earning $73,490 as the average household income. The company also is developing a site adjacent to CVS located at the intersection of M-59 and Crescent Lake in Waterford, MI. Area demographics include a population of 157,934 within five miles earning $59,550 as the average household income. The company also is developing a site located at the intersection of Cherry Hill and Newburgh in Westland, MI. Area demographics include a population of 248,123 within five miles earning $57,797 as the average household income. The company also is preleasing a site located at the northeast quadrant of Interstate 69 and Business 27 in DeWitt, MI. Area demographics include a population of 47,874 within five miles earning $49,442 as the average household income. For more information, contact The Velmeir Cos., 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7997; Web site: www.velmeir.com.
NAI MLG Commercial is preleasing an 11,000 sq.ft. center located at the northwest corner of Highway 20 and Highway 31 in Mt. Pleasant, WI. Asking rents range from $30 psf to $35 psf. Anchors include Kohl’s and Jewel-Osco. Area demographics include a population of 124,059 within five miles earning $53,672 as the median household income. Area retail includes Panera Bread, Chipotle, Taco Bell and Starbucks. For more information, contact Sean K. Osborne or Scott Satula, NAI MLG Commercial, 13400 Bishop’s Lane, Suite 100, Brookfield, WI 53005; 262-938-4472/5055, Fax 262-797-8940; Emails: sosborne@mlgcommercial.com and ssatula@mlgcommercial.com.
Katz & Associates Corp. is preleasing University Walk, a center located at the intersection of South 16th Street and Dayton Avenue in Ames, IA. Opening is slated for Summer 2008. Proposed anchors for the center include Kohl’s, Old Navy and PetSmart. The site has an average daily traffic count of 35,000 vehicles. Demographics include a trade-area population of 80,417 earning $53,843 as the average household income. For more information, contact Marlon Stone, Katz & Associates Corp., 1100 Jorie Boulevard, Suite 251, Oak Brook, IL 60523; 630-571-5692, Fax 630-571-5694; Email: marlonstone@katz.com.
Urban Retail Properties Co. is preleasing Munster Town Center, a 650,000 sq.ft. mixed-use center located at the intersection of Calumet Avenue and 45th Street in Munster, IN. Opening is slated for Fall 2008. Demographics include a trade-area population of 531,651. For more information, contact Urban Retail Properties Co., 900 North Michigan Avenue, Chicago, IL 60611; 312-915-2000; Web site: www.urbanretail.com.
Poag & McEwen Lifestyle Centers is developing The Shops at Highland University, a mixed-use center located along Highland Avenue in Memphis, TN. The 90,000 sq.ft. center has space available. Area demographics include a population of 759,188 within 10 miles earning $58,197 as the average household income. The company also is expanding The Shops at Evergreen Walk, a mixed-use center located along Interstate 84, near its intersection with Interstates 91, 291 and 384. When completed, the center will include over 1.2 million sq.ft. of retail, office, hotel and an LA Fitness. Phase II expansion is slated to open during the fall of 2007 adding L.L. Bean and Chico’s. Demographics include a trade-area population of 624,678 earning $76,584 as the average household income. The company also is developing The Promenade Shops at The Spectrum, a center located at the southwest corner of State Highway 288 and Sam Houston Tollway in Pearland, TX. The site has an average daily traffic count of 189,370 vehicles. Phase I will be anchored by a 136,000 sq.ft. Bass Pro Shops. Demographics include a trade-area population of 410,861 earning $73,558 as the average household income. Phase I will include a 90,000 sq.ft. movie theater; a 25,000 sq.ft. bookstore; restaurants totaling 50,000 sq.ft.; 200,000 sq.ft. of specialty retail; a hotel and a 10,000 sq.ft. farmers’ market. For more information, contact Nick Garzia, Poag & McEwen Lifestyle Centers, 6410 Poplar Avenue, Suite 850, Memphis, TN 38119; 901-761-7604; Email: ngarzia@pm-lifestyle.com; Web site: www.pm-lifestyle.com.
Goodman Real Estate is preleasing 100 Mills, a 12,000 sq.ft. center located on the southwest corner of State Route 83 and Mills Road in North Ridgeville, OH. The center has spaces available of 1,200 sq.ft. to 8,400 sq.ft. Area demographics include a population of 95,744 within five miles earning $72,751 as the average household income. For more information, contact Goodman Real Estate, 25333 Cedar Road, Suite 305, Lyndhurst, OH 44124; 216-381-8200, Fax 216-381-8211; Web site: www.goodmanrealestate.com.
Cormac is developing Forest Trace, a 339,500 sq.ft. center located at the intersection of Smoky Hill Road and Aurora Parkway in Aurora, CO. The center is situated on a land area of 76 acres. Opening is slated for Summer 2008. Area demographics include a population of 89,957 within five miles earning $109,348 as the average household income. The company also is developing L Street Marketplace, a 520,000 sq.ft. center located at the intersection of 120th Street and L Street in Omaha, NE. Opening is slated for Spring 2008. The center is situated on a land area of 60 acres. Area demographics include a population of 226,227 within five miles earning $80,001 as the average household income. The site has an average daily traffic count of 95,000 vehicles. For more information, contact Cormac, 16820 Frances Street, Suite 102, Omaha, NE 68130; 800-259-1298; Web site: www.cormaccompany.com.
Developers Diversified Realty is developing the following centers: Park Central at San Jacinto, a 771,500 sq.ft. center located on Ramona Expressway in San Jacinto, CA. Opening is slated for 2008. Area demographics include a population of 94,015 within five miles earning $40,789 as the average household income. The center is situated on a land area of 82 acres; Mendocino Crossing, a 665,133 sq.ft. center located at the intersection of North State Street and U.S. Highway 101 in Ukiah, CA. The center is situated on a land area of 77 acres and is slated to open during 2008. Area demographics include a population of 36,845 within 10 miles earning $57,666 as the average household income; Guilford Commons, a 139,098 sq.ft. center located at the northeast quadrant of Interstate 95 and State Route 1 in Guilford, CT, is slated to open during Fall 2007. Area demographics include a population of 170,513 within 10 miles earning $82,524 as the average household income. Area retail includes Big Y, Wal*Mart, Home Depot, BJ’s and T.J. Maxx; Homestead Pavilion, a 399,868 sq.ft. center located at the northwest quadrant of the Florida Turnpike and Campbell Drive in Homestead, FL. Opening is slated for next year. Area demographics include a population of 116,302 within five miles earning $44,377 as the average household income; and The Shops at Midtown Miami, a 633,754 sq.ft. center located at the intersection of NE 2nd Avenue and North Miami Avenue in Miami, FL. The center is situated on a land area of 26 acres and is slated to open next year. Area demographics include a population of 455,486 within five miles earning $47,836 as the average household income. The center will be anchored by Target, Circuit City, PetSmart, Marshalls, Linens ‘n Things, West Elm and Ross Dress For Less. For more information, contact Developers Diversified Realty, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500, Fax 216-755-1500; Web site: www.ddr.com.
The Sembler Co. is developing Cumming Town Center, a 300,000 sq.ft. center located at the intersection of Buford Dam Road and Georgia 400 in Cumming, GA. The center will be anchored by Dick’s Sporting Goods, Best Buy, Ulta, Petco, T.J. Maxx, Staples, HomeGoods and Old Navy. The center also will include a variety of restaurants, small shop apparel and other neighborhood services. Opening is slated for later summer 2007. For more information, contact The Sembler Co., 5858 Central Avenue, St. Petersburg, FL 33707; 727-384-6000, Fax 727-343-4272; Web site: www.sembler.com.
Comvest Properties, LLC is leasing Shoppes at Chauvet, a center located at the intersection of Highway 98 and Interstate 59 in Hattiesburg, MS. Area retail includes Grand Theater. Opening is slated for next month. For more information, contact Liz Helwick or Somer Briggs, Comvest Properties, LLC, 286 Beauvoir Road, Suite 200, Biloxie, MS 39531; 228-594-3400, Fax 228-594-3401.
Cousins Properties, Inc. is preleasing Bastrop Marketcenter, a 400,000 sq.ft. center located at the intersection of State Highway 71 and Hunters Crossing Boulevard in Bastrop, TX. Opening is slated for Spring 2008. Demographics include a trade-area population of 137,132 earning $52,649 as the average household income. For more information, contact Alex Chambers, Cousins Properties, Inc., 2500 Windy Ridge Parkway, Suite 1600, Atlanta, Georgia 30339-5683; 512-477-1085 or 770-955-2200; Email: alexchambers@cousinsproperties.com; Web site: www.cousinsproperties.com.
JTS is developing the first phase of Perkins Rowe, a mixed-use center located in Baton Rouge, LA. Opening is slated for Summer 2007. The lifestyle center will include 317 apartments; 373,018 sq.ft. of retail and 137,766 sq.ft. of office space. The center is anchored by Wells Fargo and Fresh Market. The center is being developed about a quarter mile from the 1.2 million sq.ft. Mall of Louisiana. For more information, contact JTS, 2600 CitiPlace Drive, Suite 500, Baton Rouge, LA 70808; 225-922-4000, Fax 225-922-4016.
Evergreen Commercial Real Estate is preleasing a 40,000 sq.ft. center located in Totowa, NJ. The center is slated to open during 2008 and it will have spaces available of 1,800 sq.ft. and up, as well as endcaps. For more information, contact Douglas Balduini, Evergreen Commercial Real Estate, 1037 Route 46 East, Suite 204, Clifton, NJ 07013; 973-332-0518; Email: dougb@evergreencommercial.com; Web site: www.evergreencommercial.com .
Dyas Development, LLC is developing Little-Nichols Marketplace, a 20,000 sq.ft. center located at the intersection of U.S. Highway 98 and Nichols Avenue in Fairhope, AL. The site has an average daily traffic count of 21,620 vehicles. Opening for the center is slated for June 2007. Area demographics include a population of 21,512 within five miles. The center is situated on a land area of 1.8 acres and has spaces available of 5,175 sq.ft. and 9,065 sq.ft. Area retail includes Winn-Dixie, Bruno’s, CVS, Rite Aid and Walgreens. For more information, contact Joe A. Ollinger, Dyas Development, LLC, 23210 U.S. Highway 98, Suite A-3, Fairhope, AL 36532; 251-990-6000; Email: jao@dyasllc.com.
Interstate Development is developing New River Crossing, a 180,000 sq.ft. center located at the intersection of Highway 141 and Highway 278 in Sun City/Hilton Head, SC. Opening is slated for the second quarter of 2007. Area demographics include a population of 44,000 within 10 miles earning $64,000 as the average household income. The site has an average daily traffic count of 35,000 vehicles. The center is situated on a land area of 21 acres. For more information, contact Adam Cross, Intestate Development, 2151 Volunteer Parkway, Bristol, TN 37620; 888-683-7788, Fax 423-764-9121; Email: adam@ira-realty.com. |