New Constructions
[ Home ] [ Up ] [ Supermarkets Expanding Nationwide ] [ New Constructions ] [ Buyers & Sellers ] [ Automotive Retailers Expanding Nationwide ] [ Exclusives ] [ Lease Signings ] [ Who's Opening & Where ] [ Convenience Stores Expanding Nationwide ] [ Sources of Financing ] [ Lead Sheet ] [ Real Estate Professionals Making the News ] [ Food Retailers Expanding Nationwide ] [ Closings ] [ Space Place ]

 

New Construction

Forest City Ratner Cos. is developing Atlantic Terminal at the intersection of Atlantic and Flatbush Avenues in Brooklyn, NY. The center has a GLA of 373,000 sq.ft., plus a 400,000 sq.ft. 14-story office tower. Tenants include Target, The Childrens Place, Bath & Body Works, Starbucks, Chuck E. Cheese, Red Lobster and Outback Steakhouse. Neighboring retailers include Macy’s, Pathmark, Marshalls, Old Navy, Party City, OfficeMax and Circuit City. The site is at the Atlantic terminal train and subway station.

For more information, contact Forest City Ratner Cos., 1 MetroTech Center North, Brooklyn, NY 11201, 718-923-8400, Fax 718-722-3533.

W.M. Grace Development Co. is developing the 500,000 sq.ft. phase four of Frontier Village, a center that currently has a GLA of 700,000 sq.ft. The site is located on Highway 69 in Prescott, AZ with a daily traffic count of 41,000 vehicles. The center is tenanted by Target, Wal*Mart, Home Depot, Bashas’, Ross ‘Dress for Less’, OfficeMax, Frontier Village, 10 Cinema, Petco, Ben Franklin Crafts, Factory 2-U, Fashion Bug, Popular Outdoor and Pretty Party Place. The company also is developing Riverside Crossing, a 119,607 sq.ft. center located at the intersection of River and La Cholla Boulevard in Tucson, AZ. Area demographics include a population of 63,918 within three miles earning $41,859 as the average household income. The company also is developing McKellips Marketplace, a 145,000 sq.ft. center located at the intersection of Power and McKellips Roads in Mesa, AZ with a daily traffic count of 43,000 vehicles. The center is anchored by Safeway, Walgreens and Peter Piper Pizza.

For more information, contact W.M. Grace Development Co., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 602-943-3548.

The Sembler Co. and New Plan Excel Realty Trust are developing the Clearwater Mall, a 785,000 sq.ft. center on a land area of 72 acres at the intersection of U.S. 19 and Gulf-to-Bay Boulevard in Clearwater, FL. The $100 million center currently is anchored by Lowe’s. Sembler Co. is currently negotiating with SuperTarget, Costco, Linens ‘n Things, PetsMart and Ross ‘Dress for Less.’ The average daily traffic count is 140,000 vehicles.

For more information, contact Greg Sembler, The Sembler Co., 5858 Central Avenue, PO Box 41847, Saint Petersburg, FL 33707-1728; 727-384-6000, Fax 727-343-7272; Email: gsembler@sembler.com; Web site: www.sembler.com.

First Professional Management, Inc. is developing a 300,000 sq.ft. center on Laird Drive in Toronto, Ontario. Tenants at the center will include a Staples Business Depot and LCBO. Spaces of 5,000 sq.ft. to 30,000 sq.ft. will be available.

For more information, contact Peter Nobre, First Professional Management, Inc., 259 Yorkland Road, Suite 300, North York, ON, 416-493-9112, Fax 416-493-1515; Web site: www.firstpro.com.

Birchwood Acres LP is developing Harmony, FL, an 11,000-acre planned community in Osceola County, FL. There is expected to be 933,000 sq.ft. of commercial/retail space serving the master-planned community. More than 10,000 people are expected to reside in the new development. A total of 4,824 residential units will be built on 5,000 acres with 6,000 acres remaining undeveloped. No homes will be built on either lakefront. The average assumed sales price per unit is $175,000.

For more information, contact Jim Lentz, Birchwood Acres LP, 4305 Neptune Road, St. Cloud, FL 34769; 407-891-1616.

Southern Stores, Inc. is developing Camp Creek Center, a 33,244 sq.ft. center in Olive Branch, TN located at the intersection of Goodman Road and Interstate 78. Tenants will include Dollar Tree Store, Lenny’s Sub Shop, Cato Fashions and a women’s clothing store. Neighboring retailers will include Wal*Mart, Chick-fil-A and Blockbuster Video.

For more information, contact Robert Wenner, Southern Stores, Inc., PO Box 381288, Germantown, TN 38183-1288; 901-759-5322, Fax 901-759-5334.

Kite Co. is developing The Shops at Geist in Fishers, IN. The specialty center will have retail space and outparcels available. Demographics include a population of 8,594 within three miles earning $133,260 as the average household income.

For more information, contact Gregg Poetz, Kite Co., 30 South Meridian Street, Suite 1100, Indianapolis, IN 46224, 317-577-5600, Fax 317-577-5605, Web site: www.kiteco.com.

Edens & Avant is developing a 110,000 sq.ft. center in Lorton, VA at Route 123 and Palmer Drive. The center will be anchored by a 55,800 sq.ft. Giant Food. Construction is expected to begin in Spring 2002. Completion of Giant Food is scheduled for Summer 2003.

For more information, contact Kim E. Redd, Edens & Avant, 7401 Wisconsin Avenue, Suite 700, Bethesda, MD 20814; 800-662-7212 Ext. 693; Email: kime@edensandavant.com; Web site: www.edensandavant.com.

The Widewaters Group is developing Widewaters Commons, a 140,000 sq.ft. center located at the intersection of U.S. Highway 64 and Widewaters Parkway in Knightdale, NC. The center will be anchored by a 50,000 sq.ft. Lowes Foods, with an additional 90,000 sq.ft. of retail space and five outparcels available. Area demographics include a population of 115,722 within seven miles earning $53,247 as the average household income.

For more information, contact Mary Hobson, The Widewaters Group, 2000 Regency Parkway, Suite 280, Cary, NC 27511; 919-319-6811, Fax 919-319-0475; Email: mhobson@widewaters.com; Web site: www.widewaters.com.

Williams Realty Group is developing Emerson Commons II, a 17,600 sq.ft. strip center located at the intersection of Emerson and Southport Road in Indianapolis, IN with a daily traffic count of 30,000 vehicles. The center is slated for a December 2002 opening. Phase I, Emerson Commons I, is tenanted by Starbucks, H&R Block, Jersey Mikes and Nail Salon. Area retailers include Kittles, Super Target, Home Depot and Kohl’s.

For more information, contact Megan O’Toole or Jessica Freije, Williams Realty Group, 5830 Bauer Drive, Indianapolis, IN 46280; 317-574-5480, Fax 317-829-2052; Emails: motoole@wr-group.com and jfreije@wr-group.com.

Triangle Equities is developing Brookville Center at the intersection of Rockaway and Brookeville Boulevard in Queens, NY. The power center has a GLA of 130,000 sq.ft. and is scheduled to open in Spring 2003. Garrick-Aug Associates, Inc. is handling the leasing. The site is near Kmart, Old Navy, Modells, Costco and T.J. Maxx. Demographic reports show a trade area population of 238,160 earning $77,966 as the average household income.

For more information, contact Peter Botsaris,Garrick-Aug Associates, Inc., 360 Lexington Avenue, New York, NY 10017, Fax 212-983-7192 or Retail Estate, Inc., 3250 Mary Street, Suite 404, Coconut Grove, FL 33133; 305-442-2911; 305-445-8195; Web site: www.retailestate.com.