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New Construction
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New Construction Seneca Properties, Inc. is developing Cannon Branch Corner, a strip center located at the intersection of Route 28 and Hornbaker Road in Manassas, VA that sits on a land area of 1.44 acres. Area demographics include a population of 272,016 within 10 miles earning $104,651 as the average household income. The site is located near the proposed Harris Teeter Center. The company is also developing Westview Corner, a 25,500 sq.ft. strip center in Frederick, MD. There are spaces available of 1,700 sq.ft.; 2,000 sq.ft. and 4,000 sq.ft., as well as a bank pad site. Opening is slated for November. Tenants include FedEx/Kinko’s, 5 Guys Burgers & Fries, The Wingery and Greenberry Café. Area demographics include a population of 178,708 within five miles earning $78,994 as the median household income. The average daily traffic count is 33,000 vehicles. Area retail includes Macy’s. For more information, contact Marc Geffroy, Seneca Properties, Inc., 4929 Bethesda Avenue, Suite 200, Bethesda, MD 20814; 301-941-8000, Fax 301-941-8180; Email: marc@senecaprop.com; eb site: www.senecaprop.com.
The R.H. Johnson Co. and LANE4 Property Group, Inc. are developing The Meadows of the Black Hills, a 600,000 sq.ft. power center located in Rapid City, SD at the intersection of Interstate 90 and Exit 60. The center will feature Sam’s Club, Home Depot, Bed Bath & Beyond, as well as potential fashion, specialty, hard good and restaurant retailers. The project will be situated on 215 acres. For more information, contact Jenny Bessenbacher, The R.H. Johnson Co., 4520 Madison Avenue, Suite 300, Kansas City, MO 64111; 816-561-5111, Fax 816-561-5551; Email: jbessenbacher@rhjohnson.com. Or Amber Kuhnert, LANE4 Property Group, Inc., 4705 Central, Kansas City, MO 64112; 816-960-1444, Fax 816-960-1441; Email: akuhnert@lane4group.com.
First Rockford Group, Inc. is developing phase four of Perryville Crossings, a project in Rockford, IL located at the intersection of Highgrove Place and Mill Road. Phase four will include 15,000 sq.ft. and phase three construction began last year, with spaces available ranging from 1,500 sq.ft. to 5,000 sq.ft. Tenants include Panera Bread, Chipotle Mexican Grill, David’s Bridal, After Hours Formalwear, Deck the Walls, Hair Cuttery, Verizon Wireless, Cold Stone Creamery, Winestyles and Wild Birds Unlimited. Countrywide Meats & Deli is the first tenant in phase three, occupying 3,000 sq.ft. Area demographics include a population of 118,824 within five miles earning $80,740 as the average household income. Area retailers include Cherryvale Mall, Wal*Mart, Barnes & Noble, Lowe’s Home Improvement, Home Depot, Linens ‘N Things, Borders and Best Buy. For more information, contact Marc J. Strauss, First Rockford Group, Inc.; 815-229-3000; Email: marc@firstrockford.com.
Vestar Development Co. is developing a 160-acre mixed-use project in Las Vegas, NV at the intersection of North 5th Street and Craig Road. The development will include a retail, dining and entertainment center of up to 1.3 million sq.ft. and an 800-unit residential component. Taubman Centers, Inc. will be handling the leasing of the site, which is slated to open during late 2008. For more information, contact Vestar Development Co., 2425 E. Camelback Road, Suite 750, Phoenix, AZ 85016; 602-866-0900, Fax 602-955-2298; Web site: www.vestar.com.
The Sembler Co. is developing Deerfield Place, a shopping center located at the intersection of Webb Road and State Road 9 in Alpharetta, GA. The project will include two major retailers, four junior retailers and additional space for outparcels, small boxes, retail shops and restaurants. Opening is scheduled for next fall. The average daily traffic count is 40,839 vehicles. Area demographics include a population of 206,981 within seven miles earning $108,530 as the average household income. The company is also developing Canton Marketplace, an 800,000 sq.ft. mixed-use center in Canton, GA located at the intersection of Interstate 575 and Highway 20. The development will include a regional hospital, office and residential components, while the retail space will include discount department stores, big box retailers, shop space and outparcels. Opening is slated for spring 2009. The site has an average daily traffic count of 61,548 vehicles. Area demographics include a population of 53,495 within seven miles earning $80,415 as the average household income. In addition, The Sembler Co. is developing Cumming Town Center in Cumming, GA. The 300,000 sq.ft. multi-anchored shopping center is tenanted by Dick’s Sporting Goods, Best Buy, T.J. Maxx, Homegoods, Staples, Old Navy, Ulta and Petco. The center is adjacent to another 300,000 sq.ft. center anchored by BJ’s Wholesale Club, Super Target, Bed Bath & Beyond and Ross Dress for Less. Opening is slated for fall. Located at the intersection of Marketplace Boulevard and Buford Dam Road, the site has an average daily traffic count of 100,878 vehicles. Area demographics include a population of 93,484 within seven miles earning $95,067 as the average household income. The company is also developing Isabela Plaza, a 64,431 sq.ft. shopping center located in Isabela, Puerto Rico at the intersection of State Road PR-2 and PR-4494. Area demographics include a population of 96,925. Opening is slated for November. For more information regarding Deerfield Place, contact Brett Lesley, The Sembler Co., 5858 Central Avenue, St. Petersburg, FL 33707; 404-847-1800; Web site: www.sembler.com. For more information regarding Canton Marketplace, contact The Sembler Co.; 404-847-1800. For more information regarding Cumming Town Center, contact Brett Lesley or Michael Morris. For more information regarding Isabela Plaza, contact Adrian Collazo; 787-745-4805.
Carpionato Properties, Inc. is preleasing The Crossings and The Greenwood Shops at the intersection of Route 113 and Route 5 in Warwick, RI. At The Crossings, there is office space of 200,000 sq.ft., retail/office space of 163,065 sq.ft., retail space of 27,000 sq.ft., a 266-room Crowne Plaza hotel and 296 residences. At The Greenwood Shops, there is 36,200 sq.ft. of retail space as well as a 4,975 sq.ft. outparcel available. The center is anchored by Super Stop & Shop and Lowe’s Home Improvement and tenants include Sleepy’s. Area retail includes Sears, Kohl’s, Wal*Mart and Toys “R” Us at the Rhode Island Mall and Macy’s, Filene’s, JCPenney and Old Navy at Warwick Mall. The average daily traffic count is 42,000 vehicles. Area demographics include a population of 334,563 within seven miles earning $48,649 as the median household income. The company is also preleasing Westerly Franklin Street, a 49,875 sq.ft. shopping center on U.S. Route 1 in Westerly, RI. Spaces of 6,875 sq.ft. and 43,000 sq.ft. are available at the site, which has an average daily traffic count of 22,700 vehicles. Area retailers include CVS, Home Depot, Shaw’s Supermarket, Staples, Pier 1 Imports, T.J. Maxx and Wal*Mart. Area demographics include a population of 142,186 within seven miles earning $77,775 as the average household income. For more information, contact Mark Briggs, Carpionato Properties, Inc., 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800, Fax 401-751-2479; Email: mbriggs@carpionatoproperties.com.
Situs Realty Corp. is developing Jeffersonville Town Center, a mixed-use project of 1.275 million sq.ft. located on Veteran’s Parkway in Jefferson, IN. The development will consist of four separate projects: An 800,000 sq.ft. power center containing retail, restaurants and office space to be anchored by a department store, cinema and bookstore; The Marketplace at JTC, which will include 350,000 sq.ft. of retail and restaurants to be anchored by discount retailers; a project located on the southern part of the development that will include 50,000 sq.ft. of additional retail, restaurants and a hotel and 115,000 sq.ft. of class A office space as part of a northern office campus. Area retail will include a population of 114,392 within five miles earning $52,398 as the average household income. The average daily traffic count is 142,540 vehicles. For more information, contact Situs Realty Corp., 101 West Ohio Street, 20th Floor, Indianapolis, IN 46204; 317-684-6864, Fax 317-684-6825; Web site: www.situsrealtycorp.com.
A&B Properties, Inc. is developing a regional power center with a GLA of 600,000 sq.ft. in Bakersfield, CA. Located at the intersection of Panama Road and Gosford Road, area retailers include Sam’s Club and Kohl’s. Construction is slated to begin next year, with an opening planned for 2009. For more information, contact A&B Properties, Inc.; 808-525-6676.
Courtelis Co. and Dodge Capital, LLC are preleasing Shops at Surfside, a 195,000 sq.ft. lifestyle shopping center located on Veterans Parkway and Surfside Boulevard in Cape Coral, FL. The project will be situated on 22 acres and anchored by a 73,819 sq.ft. Belk department store and a 25,000 sq.ft. Homegoods store. Tenants will include Starbucks, Century 21, Hair Cuttery and Fifth Third Bank. The leasing and management agent is Courtelis Co. Opening is slated for fall. For more information, contact Rod Castan, Courtleis Co.; 305-261-4330.
Cedar Shopping Centers, Inc. is preleasing two proposed spaces at The Shops at Suffolk Downs, a 206,602 sq.ft. shopping center located on Route 1A in Revere, MA. The center is currently anchored by Target and Stop & Shop and is tenanted by Wendy’s. There are proposed retail spaces of 6,500 sq.ft. and 30,000 sq.ft., as well as an existing 7,852 sq.ft. space currently available. Area demographics include a population of 401,342 within five miles earning $53,984 as the median household income. For more information, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-218-8677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com/portfolio.htm.
Urban Retail Properties Co. is preleasing phase two of Winthrop Towne Centre, a 149-acre mixed-use urban development in Brandon, FL featuring 240,000 sq.ft. of retail, 750 residential units and commercial office space. Phase two is slated to open during 2008. Phase one, open since 2003, is anchored by Publix and also includes Mojitos Latin Grill and Barleyhoppers. Located at the intersection of Bloomingdale Avenue and Providence Road, the area’s demographics include a trade-area population of 545,428 earning $58,736 as the average household income. For more information, contact Urban Retail Properties Co., 900 North Michigan Avenue, Chicago, IL 60611; 312-915-2000; Web site: www.urbanretail.com.
RE/Max is preleasing Old Mandeville Square, retail/office complex located in Mandeville, LA on Florida Street. Phase one is slated to be completed next month and will consist of two buildings of 6,011 sq.ft. and 6,158 sq.ft. For more information, contact Barry Escher, RE/Max Commercial Brokers, Inc., 2020 North Causeway Boulevard, Suite B, Mandeville, LA 70471; 985-727-0001, Fax 985-871-4377; Email: bescher@nolacommercial.com; Web site: www.nolacommercial.com.
Ceccone & Co. is preleasing Metropolitan Shops @ Prince Georges Station, a mixed-use project with 170,000 sq.ft. of retail space located in Washington, DC at the Metro Train Station. The project will include 251 upscale apartments and 350,000 sq.ft. of office space. Anchors include Circuit City, Bally’s Total Fitness, Staples and Salon Plaza. There is 14,000 sq.ft. remaining of divisible space, as well as 4,500 sq.ft. to 9,000 sq.ft. for restaurants. Area demographics include a population of 500,000 within five miles earning $62,000 as the average household income. Opening is slated for July. For more information, contact Richard Ceccone, Ceccone & Co., 7501 Wisconsin Avenue, Suite 1360 East, Bethesda, MD 20814; 301-654-2211.
New Plan is redeveloping Fox Run Mall, located on Welles Street in Glastonbury, CT. The center will be anchored by a proposed Whole Foods and will include first-floor retail and second-floor office space. There is a proposed site of 15,800 sq.ft. available and a proposed bank site. The company is seeking junior anchors. For more information, contact New Plan, 420 Lexington Avenue, New York, NY 10170; 212-869-3000, Fax 212-869-3989; Web site: www.newplan.com. |