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New Construction
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New ConstructionRosenshein Associates is developing Hanover Square in Hanover Township, NJ. The 402,000 sq.ft. power center will be anchored by a department store and a discounter. Phase one is scheduled to open in 2001. The company is also developing phase one of the 750,000 sq.ft. Somerville Square in Somerville, NJ. A 16-screen theater will cotenant the center with a supermarket, discounter, sporting goods and craft store and will open this year. For more information contact Rosenshein Associates, 555 South Berry Avenue, Mamaroneck, NY 10543; 914-698-3600, Fax 914-698-3939.
Hartz Mountain is developing a big box center in Secaucus, NJ. The site is located across from Harmon Meadows Plaza and Mill Creek Mall, near the intersection of Route 3 and Mill Creek Drive. For more information contact Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500; Fax 914-576-7596.
Woodmont Realty Associates is marketing the following new construction projects: A 33-acre power center site at the Pecanland Mall peripheral in Monroe, LA. Proposed tenants include Target, Old Navy, Bed Bath & Beyond and Petco; A 33-acre power center site located on the northwest corner of Highway 45 and 61st Street in Galveston, TX. The center has six anchor spots; A 10-acre site at Interstate 30 and Buckner Boulevard in East Dallas, TX. Proposed anchors include Wal*Mart Supercenter, Sam’s Club, Big K and Staples; A 90,000 sq.ft. multi-level anchor retail building at the southwest corner of Akard and McKinney Avenues in Uptown Dallas, TX and a 71-acre power center site located on the southwest corner of Interstates 110 and 10 in Amarillo, TX. For more information contact Woodmont Realty Associates of Dallas; 5307 East Mockingbird Lane, Suite 700, Dallas, TX 75206; 214-824-6091.
Silbert Realty & Management Company is leasing the redeveloped Cranford Crossing in Cranford, NJ. The site has 24,516 sq.ft. of retail space on two levels. Restaurants, cards and gift retailers, specialty grocers, health and vitamin retailers, floral, optical, apparel, fitness centers and business service providers are preferred tenants. Area demographics include a population count of 139,263 residing in a three-mile radius earning an average annual household income of $68,103. The company is working with Bocina Homes Corporation in developing the Riverwalk Village Center in Basking Ridge, NJ. The mixed-use center will have 30,500 sq.ft. of retail space and a 4,000 sq.ft. bank pad and is scheduled to open in the third quarter of 2001. Area demographics include a population count of 22,220 residing in a three-mile radius earning an average annual household income of $118,057. The company is also leasing the 37,700 sq.ft. phase two of Mansfield Commons in Mansfield Township, NJ. Phase one is anchored by Wal*Mart and A&P and is located at State Highway 57 and Airport Road. Area demographics include an average daily traffic count of 18,870 cars and a population count of 40,017 residing in a five-mile radius with an average annual household income of $80,747. For more information contact Brian S. Silbert or Michael Horne, Silbert Realty, 786 Mountain Boulevard, Suite 204, Watchung, NJ 07060; 908-754-5353; Fax 908-754-6364.
Oliver McMillan will begin construction on the 700,000 sq.ft. Glen Town Center on the North Shore of Chicago, IL. The center will be the centerpiece of a 100-acre mixed-use development and will be anchored by Von Maur. The development is taking place on the grounds of the former Glenview Naval Air Station. For more information contact Paul Buss, OliverMcMillan, 733 Eighth Avenue, San Diego, CA 92101; 949-756-5959.
Edgewood Properties is leasing Inman Plaza on Inman Avenue in Edison, NJ. Area demographics include a population count of 102,669 residing in a two-mile radius earning an average annual household income of $81,216. The company is also working on the 18,000 sq.ft. Stockton Plaza in Galloway, NJ. The site is located across from the Atlantic City Medical Center and has a population count of 45,159 residing in a three-mile radius earning an average annual household income of $50,670. The center has a 3,000 sq.ft. restaurant pad and a 3,000 sq.ft. bank pad with a drive thru. The company is also leasing a center in Monroe, NJ with Walgreen’s in a pad location. The site is located at Cranbury Half-Acre Road and Applegarth Road and area demographics include a population count of 118,992 residing in a three-mile radius earning an average annual household income of $75,426. For more information contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-985-5588.
Jones Lang LaSalle is leasing the 750,000 sq.ft. Grand Ridge Resort Outlet Center in Waynesville, NC. The mixed-use center is located on 58.25 acres at the southern entrance to the Great Smoky Mountain National Park, just off Interstate 40 on Highway 23. The outlet center will include a 352,000 sq.ft. furniture building with 10 showrooms for retailers, 334,802 sq.ft. of retail space and 12,000 sq.ft. for restaurants. A 125-room hotel is planned as phase two of the development. For more information contact Ellen Casey, Jones Lang LaSalle, 404-995-6454.
Metro Commercial Real Estate, Inc. is preleasing a 113,900 sq.ft. retail site on Route 3 in Upper Darby, PA. The site is adjacent to the 69th Street Terminal and area demographics include a population count of 344,607 residing in a three-mile radius earning an average annual household income of $47,305. The company is also leasing the 127,275 sq.ft. Montgomeryville Plaza in Montgomeryville, PA. The site is located on Route 309 and has signaled intersections on either end of the center. The power center has a 45,000 sq.ft., 30,000 sq.ft. and 15,000 sq.ft. spaces available to join a 37,275 sq.ft. Babies ‘R’ Us. For more information contact, Glenn Marvin, 610-260-2674; Fax 610-825-5156; Email: gmarvin@metrocommercial.com; Website: www.metrocommercial.com.
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