The John Akridge Companies is developing two projects in the Washington, DC market. The Hartford is a mixed-use development that will consist of a nine-floor office building with first-floor retail. The site is located at the intersection of Wilson Boulevard and North Highland Street and is expected to be completed in the Fall. Carroll Square is a 200,000 sq.ft., 11-story office and retail project being developed on F Street. Construction is expected to begin this year.

For more information about contact, Ron Goode, The John Akridge Companies, 601 13th Street NW, Suite 300N, Washington, DC 20005; 202-624-8641; Email: rgoode@akridge.com. For information about leasing for both projects, contact Brian Connolly, The John Akridge Companies, Email: bconnolly@akridge.com; Web site: www.akridge.com.

Armada Hoffler Development Co. is developing the first phase of The Town Center of Virginia Beach, a mixed-use development in Virginia Beach, VA. The center will be comprised of 750,000 sq.ft. of retail space, 77,500 sq.ft. of restaurant space, 800,000 sq.ft. of office space and 82,500 sq.ft. of space reserved for a cinema, as well as a 300-unit hotel. Neighboring retailers include Barnes & Noble, Planet Music, Bed Bath & Beyond, Best Buy, Columbus Movies 12, Circuit City, Hannaford Food and Drug, Sears and Dillard’s. Construction is expected to be complete in Fall 2002. The company also is developing a mixed-use development in New Town, VA with New Town Associates LLC. Armada Hoffler Development Co. will develop a 500,000 sq.ft. retail village at the 300-acre project, which also will include one million sq.ft. of office space, a hotel complex and 1,600 residential units. Construction of the 140,000 sq.ft. first phase will begin in the fall.

For more information, contact Armada Hoffler Development Co., 1435 Crossways Boulevard, Suite 300, Chesapeake, VA 23320; 757-366-4000; Web site: www.armadahoffler.com. For more information about leasing, contact Gerald S. Divaris or Mary D. McGovern, Divaris Real Estate, Inc., One Columbus Center, Suite 700, Virginia Beach, VA 23462; 757-497-2113, Fax 757-497-1338; Email: infor@divaris.com; Web site: www.divaris.com.

Alba Consulting Corp. is developing Seacrest Center, a 7,000 sq.ft. strip center located at the intersection of East Bay Drive and Seacrest in Largo, FL. Beepers N’ Phones has pre-leased 3,000 sq.ft. and is expected to open next month. Spaces between 1,000 sq.ft. and 4,000 sq.ft. are available.

O’Connell-Hughes Commercial Properties is developing North Natomas Place, a 30,000 sq.ft. shopping center at the intersection of Truxel Road and Natomas Crossing Drive in Natomas, CA. The project will have 20,000 sq.ft. of stores plus two freestanding pad buildings. Tenants will include Subway, a salon, a cellular phone store and a wine store/deli.

Centex Commercial Development, LP is developing the 100,000 sq.ft. Vista Ridge Marketplace on a 16-acre tract at the intersection of Interstate 35E and State Highway 121 in Lewisville, TX. The first phase of the project will be 60,000 sq.ft. and anchored by a 30,000 sq.ft. Ultimate Electronics store and a 4,500 sq.ft. Rockfish Seafood Grill restaurant.

Robert B. Aikens & Associates LLC is developing the Shops at Waldenwoods on 62 acres on M-59 in Hartland, MI. The center will include CVS, GNC, Subway, Troy Cleaners, Gus’s Carryout, Hallmark Cards, Blockbuster and Farmer Jack.

New Plan Excel Realty Trust Inc. and The Sembler Co. are developing an 800,000 sq.ft. shopping center at the intersection of U.S. 19 and Gulf-to-Bay Boulevard in Clearwater, FL. The center will replace the 927,000 sq.ft. Clearwater Mall, which will be demolished. Plans for the site include three anchor stores and about six other buildings containing restaurants and smaller stores. The center is expected to be open during late 2003 or early 2004.