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New Construction
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New Construction S.E. Spohn Development plans a mixed-use development in Grandville MI. The project is situated on 13 acres directly west of RiverTown Crossings Mall. The development is scheduled to include a 27 000 sq.ft. La-Z-Boy store a 22 000 sq.ft. DSW shoe store and a 4 000 sq.ft. IHOP location. A 115 000 sq.ft. hotel and multiple office buildings also are designated for the site. The project would be the first planned unit development approved by city council. For more information contact S.E. Spohn Development 5084 Exchange Drive Flint MI 48507; 810-230-2424. Spectrum Realty Advisors Inc. is developing Park Bridge Village a 26 980 sq.ft. center located on Old Milton Parkway in Alpharetta GA. The average daily traffic count is 38 620 cars. The center is expected to be completed in Spring 2002. For more information contact Katherine C. James Spectrum Realty Advisors Inc. 5871 Glenridge Drive Suite 400 Atlanta GA 30328; 404-252-2288; Fax 404-252-8666; Email: kjames@spectrumrealtyadvisors.com.The Goldenberg Group Inc. is developing Park West Town Center a 105 000 sq.ft. neighborhood shopping center on 13 acres at the intersection of 52nd Street and Merion Avenue in Philadelphia PA. Area demographics include a population of 338 893 residing in a three-mile radius and earning an average household income of $54 885. Construction is expected to begin in Fall 2001. The company also is developing Patrick Henry Crossroads a 650 000 sq.ft. project on a 69-acre tract in Newport News VA. The tenant mix will consist of department stores national superstore retailers specialty retailers and diversified restaurants. In addition a four acre outparcel fronting Interstate 64 will be available for hotel and/or office development. The site is located at the signalized intersection of Jefferson Avenue Bland Boulevard and Interstate 64. Area demographics include a population of 143 695 in a five-mile radius with an average household income of $52 376. The average daily traffic count is 57 509 cars. Construction is expected to begin in Fall 2002 and the center is scheduled to open in Fall 2003. The Goldenberg Group Inc. also is developing Lanes Mill Marketplace a 470 000 sq.ft. power center on 48 acres in Monmouth County NJ. Area demographics include a population of 114 797 residing in a five-mile radius earning an average household income of $63 927. The development located at the intersection of US Route 9 and Lanes Mill Road will have about 1 700 linear feet of frontage along US Route 9 adjacent to Wal*Mart. Construction is slated to begin in Fall 2002 and the project’s scheduled completion date is Spring 2003. In addition the company is developing The Pavilion at Market East a 175 000 sq.ft. urban entertainment and retail project in Philadelphia PA. Area demographics include a population of 20 195 residing in a half-mile radius earning an average household income of $63 094. Construction at the site which is at the intersection of 8th Street and Market Street is expected to begin in the Spring or Summer of 2002.For more information contact The Goldenberg Group Inc. 350 Sentry Parkway Building 630 Suite 300 Blue Bell PA 19422; 610-260-9600. JDN Development Company Inc. is developing a 300 000 sq.ft. project called Marketplace at Egg Harbor Township in Pleasantville NJ. The 36.46-acre site is located at the intersection of Black Horse Pike and Fire Road and will be anchored by a 135 402 sq.ft. Wal*Mart. The retail center consists of 235 143 sq.ft. including four outlots. Area demographics include a population of 66 242 residing in a five-mile radius earning an average household income of $59 769. The company also is developing Freehold Marketplace a 500 000 sq.ft. center at the intersection of Route 537 and Route 33 in Freehold NJ. Area demographics include a population of 78 099 residing in a five-mile radius earning an average household income of $97 497. JDN Development Company Inc. also is developing a 200 000 sq.ft. retail center called Tacony Marketplace in Philadelphia PA. The project is located at the intersection of New State Road and Magee Avenue. Area demographics include a population of 93 936 residing in a five-mile radius earning an average household income of $81 285. For more information contact JDN Development Company Inc. 562-B Lippincott Drive Marlton NJ 08053-1536; 856-988-8770. US Realty Associates Inc. is developing a 490 000 sq.ft. project called Warrington Town Center in Warrington PA. The site is located at the intersection of Route 611 and Route 132 and will be anchored by a 120 000 sq.ft. Wegmans. The center also will have 100 000 sq.ft. of lifestyle center space 175 000 sq.ft. of office space 40 000 sq.ft. of specialty retail space 55 000 sq.ft. of hotel space and 250 residential units. Area demographics include a population of 135 463 residing in a five-mile radius earning an average household income of $76 290. The company additionally is developing Ashbridge Commons a one million sq.ft. center located at the intersection of Route 30 and Bell Tavern Road in Downingtown PA. The center is an addition to the 360 000 sq.ft. Ashbrige Square which is anchored by a Home Depot. Spaces are available from 2 500 sq.ft. to 12 500 sq.ft. The center will be anchored by Hibachi Steakhouse Downingtown Health & Fitness Bowling Palace and a day care center. The site is under construction and expected to open next month. US Realty Associates Inc. also is developing Hilltown Plaza a 176 000 sq.ft. neighborhood center located at the intersection of Route 309 and Route 113 in Souderton PA. The site will be anchored by a 116 000 sq.ft. Home Depot and a 55 000 sq.ft. Giant Supermarket. Construction will begin in the second quarter of 2002. For more information contact US Realty Associates Inc. 232 North 22nd Street Philadelphia PA 19103; 215-557-9900; Fax 215-557-6495.
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