New Construction
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New Construction

R.K. Associates, Inc. and WS Development Associates LLC are developing The Shoppes at Blackstone Valley, a 750,000 sq.ft. lifestyle center at the intersection of Route 146 and Interstate 90 in Millbury, MA. The center will be tenanted by Kohl’s, Target, Circuit City, Babies "R" Us, Barnes & Noble, Linens ‘n Things, Michaels, Old Navy, Gap/Gap Kids/Baby Gap, Ann Taylor Loft, Banana Republic, Yankee Candle, Applebees’s Neighborhood Grill & Bar, T.G.I. Friday’s and Longhorn. Area demographics include a population of 336,342 residing in a 10-mile radius earning an average household income of $60,872. Subdividable spaces of up to 150,000 sq.ft. are available. S.R. Weiner and Associates, Inc. is responsible for leasing the project.

For more information, contact Lee Anne Klemyk, S.R. Weiner and Associates, Inc., 1330 Boylston Street, Chestnut Hill, MA 02467; 617-232-8900, Fax 617-738-1628; Email: la.klemyk@srweiner.com; Web site: www.srweiner.com or www.wsdevelopmentassoc.com.

Koman Properties, Inc. is developing MLK Plaza at the intersection of North Grand Boulevard and Martin Luther King Drive in St. Louis, MO. The center will have a GLA of about 38,000 sq.ft. plus one outlot. Save-A-Lot will anchor the center and other tenants will include Fashion Cents and JWG Beauty Supply. About 11,200 sq.ft. of space is available. Area demographics include a population of 382,374 residing within a five-mile radius earning an average household income of $25,814. The average daily traffic count at the site is 33,655 vehicles. Construction is expected to begin during June and completion is slated for November. The asking rent is $14 psf NNN, with CAM of $1 psf and taxes of $1.25 psf. The company also is developing the second phase of Lincoln Place in Fairview Heights, IL. The 168,133 sq.ft. center is located on a 23.88-acre lot at the intersection of IL Route 159 and Longacre Drive. The first phase of the center is tenanted by Lowe’s, Kohl’s, Old Navy, Linens ‘n Things, Marshalls, Supermarket of Shoes, Ultimate Electronics, Office Depot, St. Louis Bread Company and AT&T Wireless. Area demographics include a population of 21,440 residing in a three-mile radius earning an average household income of $46,109. The average daily traffic count at the site is 53,800 vehicles. Space of 3,500 sq.ft. is available in an outlot building. Construction at the center is underway and completion is slated for June. Market rent and asking rents are $25 psf NNN, with CAM of $1 psf and taxes of $1.25 psf.

For more information, contact Kathy Huster, Koman Properties, Inc., 8027 Forsyth Boulevard, St. Louis, MO 63005; 314-727-8881, Fax 314-727-8889; Email: khuster@komanproperties.com; Web site: www.komanproperties.com.

Plaza Properties, Inc. is adding 5,135 sq.ft. to the recently expanded Hunter’s Run Centre in Pickerington, OH. The 83,496 sq.ft. strip center is located on State Route 256, south of Interstate 70. Current anchors include Barnes & Noble and Bed Bath & Beyond. Outlot tenants include Longhorn and Pizzeria Uno. The center is adjacent to the 16-screen Marcus Cinemas. Area demographics include a population of 321,005 residing within a 10-mile radius earning and average household income of $45,397. Asking rent is $16 psf and taxes, insurance and CAM are $2 psf. Construction is expected to being this Spring with completion slated for this Fall. Available space of 5,135 sq.ft. can be divided into three spaces of 1,827 sq.ft., 1,659 sq.ft. and 1,649 sq.ft.

For more information, contact Nick Vollman, Plaza Properties, Inc., 3016 Maryland Avenue, Columbus, OH 43209; 614-237-3726; Email: nvollman@aol.com.

Ryan Companies US, Inc. is developing Shorewood Marketplace on 40 acres at the intersection of Route 59 and Black Road in Shorewood, IL. The center will comprise more than 250,000 sq.ft. and six outlots ranging from one to two acres. Area demographics include a population of 41,170 residing in a three-mile radius earning an average household income of $79,342. The average daily traffic count at the site is 26,800 vehicles. The company also is developing Oswego Commons, a 498,100 sq.ft. power center at the intersection of Route 34 and Douglas Avenue in Oswego, IL. The 498,100 sq.ft. center is anchored by Dominick’s, Target and Home Depot. Other tenants will include T.J. Maxx, Payless ShoeSource, Panera Bread, Quizno’s, McDonald’s and Chili’s. Area demographics include a population of 136,779 residing in a five-mile radius earning an average household income of $66,748. The anchor tenants opened recently and the other stores are expected to open by this September. Spaces of 18,000 sq.ft., 1,200 sq.ft., and two spaces of 4,200 sq.ft. are available. In addition, four outlots from 0.77 acre to 1.41 acres are available.

For more information, contact Joe Parrott or Peter Graham, CB Richard Ellis, Inc., 3000 Lakeside Drive, Suite 105 South, Bannockburn, IL 60015; 847-572-1450/1452, Fax 847-572-1401; Email: jparrott@cbre.com or pgraham@cbre.com; Web site: www.cbre.com/power.

Simon Property Group, Inc. is expanding the Bay Park Square mall in Ashwaubenon, WI. Plans include the addition of a Younkers department store, 15 to 20 shops, the possible expansion of the Elder-Beerman and Kohl’s stores and the addition of several chain restaurants. The project is scheduled for completion during October 2003.

For more information, contact Simon Property Group, Inc., 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600; Web site: www.shopsimon.com.

Midland Atlantic Properties is developing a 500,000 sq.ft., upscale shopping center in Cincinnati, OH. Initial plans called for Jacobson’s to anchor the center, but the company pulled out after filing for bankruptcy. Plans still include a grocery store. Construction began this month and completion is slated for March 2003.

For more information, contact Midland Atlantic Properties, 8044 Montgomery Road, Suite 710, Cincinnati, OH 45236; 513-891-2526, Fax 513-891-5131; Web site: www.midlandatlantic.com.

Weston Communities is developing the second phase of Mandalay Village Marketplace at the intersection of West Channel Islands Boulevard and Wheelhouse in Port Hueneme, CA. The 155,859 sq.ft. center will be expanded by 9,240 sq.ft. The center currently is tenanted by Ralphs, Longs Drug, Petco, Blockbuster, Starbucks, Hallmark, Taco Bell and Washington Mutual. Area demographics include a population of 125,759 residing in a three-mile radius earning an average household income of $50,556. The average daily traffic count at the site is 31,000 vehicles. Neighboring retailers include Vons and Rite Aid. Market rent is $1.50 psf to $1.60 psf monthly. Asking rent is $1.70 psf to $1.80 psf monthly, with CAM of $0.22 psf and taxes of $0.10 psf. Construction began last Summer and completion is slated for this Fall.

For more information, contact Bill Dobner, Weston Communities, PMB #348, 567 West Channel Islands Boulevard, Port Hueneme, CA 93041; 805-815-3385, Fax 805-815-4526; Email: dobner@earthlink.net.

Adams, Egloff and Avant Properties, LLC plans to develop a one-story, 96,200 sq.ft. shopping center on a 15-acre site on N.C. 150 in Winston-Salem, NC. The center will be anchored by Loews Food and connected to a residential development that is under construction.

For more information, contact Adams, Egloff, Avant Properties, LLC, 4505 Country Club Road, Suite 200, Winston-Salem, NC 27104; 336-765-2065.