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New Construction
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New ConstructionIRT Property Company is leasing the Miramar Park Plaza being built on 22.6 acres in western Broward County, FL. The community center is adjacent to a Winn-Dixie Marketplace (also under construction), six housing developments and a 157-acre regional park attracting over 450,000 visitors a year. Trade area shows a population count of 100,000 earning an annual income of $54,210. For more information contact Katy Welsh at 954-755-5959, Fax 954-755-7515, E-mail: katyw@irtdealmakers.net; or Joe Stevens at 770-955-4406.
Donahue Scribner is leasing space in The Summit at Scottsdale in Scottsdale, AZ. The 325,000 sq.ft. center is under construction and will be anchored by Target and Safeway, which will open July. Specialty and fashion retailers, neighborhood services and fine and casual dining restaurants will round out the center, which is scheduled to open in October. For more information contact Loretta Felix at 480-947-7868.
National Realty & Development Corporation is leasing space in the Orange Plaza in Middletown, NY. The top-level of the 900,000 sq.ft. center will be anchored by a Wal*Mart SuperCenter, Kohl’s Department Store and an existing Big Kmart. The lower level will be tenanted by Home Depot, Bed Bath & Beyond, Marshall’s, Circuit City and Rag Shop. There is 20,000 sq.ft. of space available as well as one to two outparcels. Demographics show a population count of 60,000 in a five-mile radius earning $57,000 as the average annual income. For more information contact Daniel Dori, National Realty & Development, 3 Manhattanville Road, Purchase, NY 10577-2117; 914-694-4444; Fax 914-964-5448; Web site: www.nrdc.com.
E.J. Smoker & Associates is leasing retail and restaurant space in Himmarshee Landing, a 165,000 sq.ft. development on Las Olas Boulevard in Fort Lauderdale, FL. The site is on the waterfront in the retail district of Las Olas Boulevard. For more information contact Ed Smoker, 954-763-6055, Fax 954-763-6128.
Forest City Enterprises Inc. will break ground on the $236 million Short Pump Town Center in Henrico County, VA that is scheduled to open in September, 2002. Nordstrom’s, Lord & Taylor, Hecht’s and Dillard’s will anchor the regional center being built on 147 acres owned by developer Thomas E. Pruitt. A tenant list will not be released until the center is 50% preleased, which the company expects to occur this fall, but an announcement is expected on a replacement for the movie theater complex which pulled out in June. For more information contact Forest City Enterprises, 2600 E. Cary St., Richmond, VA 23223-7828; 804-648-8769. Sigma National Inc. will break ground on the 210,000 sq.ft. Bermuda Crossroads in Chester, VA. The center will be anchored by OfficeMax and Frank’s Nursery & Crafts. Smaller shops will include Mexico Restaurant and Hair Cuttery and Ruby Tuesday’s will take an outparcel. The center is adjacent and connects to Home Depot. Spaces from 1,200 sq.ft. and up and two outparcels are available. For more information contact Frank Galleher or Tred Spratley, Sigma National, Inc., 7400 Beaufont Springs Drive, Suite 510, Richmond, VA 23225; 804-320-6100, Fax 804-320-6660.
Garden Commercial Properties is leasing space in a 269,000 sq.ft. development in Mansfield Township, NJ. The center has 36,000 sq.ft. (subdividable) available and will be anchored by Home Depot and Weis Supermarket. For more information contact Garden Commercial Properties, 820 Morris Turnpike, Short Hills, NJ 07078; 973-467-5000, ext. 200.
Mid-America Real Estate Group is leasing space at the former site of the Washington Square Mall in Oakbrook Terrace, IL. Phase one of the project included the demolition of the former 26-acre mall and the construction of a 115,250 sq.ft. Home Depot. Phase two has begun with Jewel/Osco building a 56,950 sq.ft. store and Office Max erecting a 23,500 sq.ft. building. Lease negotiations are underway with fashion, service and hard good tenants. For more information contact Mid-American Real Estate Group, 630-954-7300.
Holrob Investments, LLC are developing the Crocket Square Shopping Center in Morristown, TN. A Super Wal*Mart will anchor the center on Highway 25E with 16 acres available for a second anchor or numerous smaller stores. The company is also developing a Kroger anchored center at Highway 66 in Sevierville, TN. Phase one includes Kroger, 7,200 sq.ft. of small shop space and two outparcels. Phase two has 10 acres for a second anchor and an outparcel at a signalized intersection. For more information contact Mike McGuffin, 800-475-3293 ext. 11, Fax 865-637-8217, E-mail: mmcguffin@holrob.com.
Developers Diversified Realty Corporation has begun construction on the CityPlace development in Long Beach, CA. The mixed-use center will have 475,000 sq.ft. of retail space on the site of the former Long Beach Plaza. The center is scheduled to open in the spring of 2002. For more information contact Scott Schroeder, Developers Diversified Realty Corporation, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5450, Fax 216-755-1450; E-mail: sschroeder.ddrc.com.
The Rouse Company is doubling the size of the Fashion Place Mall in Murray, UT. The renovations will increase the mall’s capacity to 1.1 million sq.ft. expanding space for current anchors Dillard’s and Nordstrom and creating room for a third, Meier & Frank. A new parking garage, food court and a 110,000 sq.ft. west wing would also be included. The developer has asked the city to waive sales taxes, permit fees and provide infrastructure improvements to facilitate the construction. For more information contact Gregory Zimmerman, Rouse Company, 10275 Little Patuxent Parkway, Columbia, MD 21044; 410-992-6000, Fax 410-992-6363.
The Pyramid Companies is renovating the Walden Galleries in Cheektowaga, NY. The mall will increase in size from 1.5 million sq.ft. to just under 2.1 million sq.ft. A 611,000 sq.ft. three-story retail wing with an 18-screen, 80,000 sq.ft. theater on the top floor, several full-scale restaurants, two five-level parking decks and a remodeled Sears department store are included in the plans. The corridor will be located between the DSW Shoe Warehouse and Sears. The project will feature at least three big anchor-like specialty tenants and is to be completed in 2002. Along with the movie complex, a entertainment/restaurant concept is expected on the top level. Jillian’s or Dave & Busters have been mentioned. For more information contact, Ken Cannon, Pyramid Companies, 4 Clinton Square, Syracuse, NY 13202; 315-422-7000.
Regency Realty Corporation is developing the first phase of the 200-acre El Dorado Hills Town Center in El Dorado Hills, CA. The 13.5 acre supermarket-anchored Marketplace at Town Center will have 135,000 sq.ft. of space anchored by Ralphs and Longs Drugs. Groundbreaking on the Longs Drugs will begin in the spring and open in the fall, while the Ralphs is scheduled to open summer 2002. For more information contact Regency Realty Corporation, 121 West Forsyth Street, Suite 200, Jacksonville, FL 32202-3841; 904-356-7000, Fax 904-634-3428.
Kahn Development Company will construct a $240 million mixed-use community center including large retailers, a grocery store and an ice rink at The Village at Sandhill in Northeast Richland, SC. The developer paid Clemson University $13.5 million for the 300-acre tract, contingent on the rezoning of the land for heavier commercial use. The land will be developed over the next five to seven years. The plans do not call for a large enclosed mall which local residents had feared as an eyesore and traffic problem. For more information contact Alan Kahn, 101 Flintlake Road, Columbia, SC 29223; 803-736-3325.
Ezralow Retail Properties has broken ground for the Monterey Park Market Place in Monterey Park, CA. The 507,000 sq.ft. project is 95% preleased. Scheduled to open in the fourth quarter of 2001, the center’s retail tenants include Best Buy, Bed Bath & Beyond, Babies ‘R Us, Staples, Michael’s Crafts, LA Fitness, David’s Bridal, Sketchers Shoes, Famous Footwear and Payless Shoes. Food tenants include TGI Friday’s, Krispy Kreme Donuts, Starbucks Coffee, In N Out Burger, La Salsa Mexican Grill and Subway Sandwiches. The site has a daily vehicle count of 220,000 and a population count of 660,000 residing in a five-mile radius. The property is a former Superfund site and will generate $1.3 million for the city of Monterey Park. For more information contact Bryan Ezralow, 7545 Irvine Center Drive, Irvine, CA 92618-2932; 949-623-8333, Fax 949-623-8334.
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