|
New Construction
|
|
|
New Construction Blake Hunt Ventures is developing Plaza Escuela a 164 000 sq.ft. center located on Botelho Drive in Walnut Creek CA. The shopping center will be anchored by a 40 000 sq.ft. Andronico’s Market and 25 000 sq.ft. Container Store. Additionally the center will include more than 30 stores such as Men’s Wearhouse Aaron Brothers art store Elisa-Wen Boutique clothing store Verizon Wireless Maggie Moo’s Ice Cream Starbucks Brennan’s Home Furnishings Buckhorn Grill and Setting Home Accessories. Andronico’s Market opened in November 2000 and the other stores are expected to open early in 2002. Retail and office space are available in two buildings at Plaza Escuela. For more information contact Jim Wright Blake Hunt Ventures 1660 Olympic Boulevard Suite 300 Walnut Creek CA 94596; 925-944-0800 Fax 925-926-0102. Cencor Urban is developing 100 000 sq.ft. of retail space off of Bee Cave Road in Rollingwood TX. An Albertson’s will tenant the center. The property under development also includes a 125 000 sq.ft. office building that is scheduled to open next month.For more information contact Cencor Urban 106 East 6th Street Suite 200 Austin TX 78701; 512-482-8383; Web site: www.weitzmangroup.com. Erwin L. Greenberg Commercial Corporation and Prudential Real Estate Investors are expanding the 155 000 sq.ft. Hampton Towne Centre in Hampton VA by 20 000 sq.ft. About 15 000 sq.ft. has been leased to Chuck E. Cheese’s Pizza Time restaurant. An additional 5 000 sq.ft. is available. The center is located at Interstate 64 and Hampton Roads Center Parkway and is anchored by Farm Fresh Eckerd T.J. Maxx and Books-A-Million. Other tenants include ABC Store Coast Dental Dollar Tree Hallmark Mail Boxes Etc. Peking Restaurant Petland Shoe Carnival Supercuts Suncom Wireless Ultimate Tanning and Zero’s Subs. A 24-screen AMC theater is adjacent to the center.For more information contact Erwin L. Greenberg & Associates Inc. 400 East Pratt Street Suite 606 Baltimore MD 21202-3126; 301-837-2500 Fax 301-837-0596 Web site: www.elgreenberg.com. Poag & McEwen Lifestyle Centers is developing The Shops of Briargate a 225 000 sq.ft. lifestyle center on Interstate 25 in Colorado Springs CO. The center is expected to open in early 2003.For more information contact Terry McEwen Poag & McEwen Lifestyle Centers 5100 Poplar Avenue Suite 2614 Memphis TN 38137; 901-761-7604 Fax 901-761-5325; Email: tmcewen@pm-lifestyle.com. Crescent Resources LLC is developing 235 000 sq.ft. of retail space on a 300 acre-site that straddles Arlington and Alexandria VA. The site known as Potamac Yard also will house 4.7 million sq.ft. of office space as well as hotels and residential units. In Arlington the proposed commercial development will include 2.8 million sq.ft. of office space 100 000 sq.ft. of retail space and a hotel. Alexandria’s portion of the project will include 1.9 million sq.ft. of office space 135 000 sq.ft. of retail space and a hotel. Construction is slated to begin in April 2002. The company also is developing School House Commons a 95 000 sq.ft. retail development in Charlotte NC. The center will be anchored by a 55 000 sq.ft. grocery store and have three outparcels. The site is located at the intersection of N.C. 49 which has an average daily traffic count of 38 000 cars and Roberta Mill Road which has an average daily traffic count of 9 200 vehicles. Construction began in the fourth quarter of 2001 and is expected to be completed by the third-quarter of 2002.For more information about Potamac Yard contact Crescent Resources LLC 2805 South Crystal Drive Arlington VA 22202; 703-416-4443; Web site: www.crescent-resources.com. For more information about School House Commons contact Michael B. Wiggins Crescent Resources LLC 400 South Tryon Street Suite 1300 Charlotte NC 28202; 704-373-8376 Fax 704-382-6385; Web site: www.crescent-resources.com. Equity is developing Capella Centre seven retail buildings encompassing 82 000 sq.ft. on about 12 acres in Columbus OH. La-Z-Boy Furniture Gallery is slated to build a 21 150 sq.ft. showroom/warehouse complex on two acres of the project and International Diamond & Gold is committed to a 5 500 sq.ft. retail and corporate headquarters building on one acre. Construction of buildings for the first two tenants started in last month and Equity plans to begin construction in Spring 2002 for retail buildings of 8 000 sq.ft. and 26 000 sq.ft. Lease rates are about $22 to $25 psf and $4 psf for operating expenses. For more information contact Steve Wathen Equity 182 East Long Street Suite 300 Columbus OH 43215; 614-221-8899 Fax 614-221-2182; Web site: www.equityrealestate.com. Kimco Realty Corp. is redeveloping the Searstown Mall in Leominster MA. If approved by the city board a 86 000 sq.ft. former Bradlees store will be demolished this month and construction of a 140 000 sq.ft. Filene’s will begin in March. The mall currently is anchored by Sears and JCPenney and other tenants include Circuit City Old Navy and Newbury Comics.For more information contact Kimco Realty Corp. 3333 New Hyde Park Road New Hyde Park NY 11042; 516-869-7197 Fax 516-869-7133; Web site: www.kimcorealty.com. Reata Real Estate Services is developing Firewheel Plaza a 140 000 sq.ft. shopping center on 16 acres in Garland TX. The center will have 69 000 sq.ft. for anchor stores 54 000 sq.ft. for retail shops and 17 000 sq.ft. for restaurants. Firewheel Plaza is a joint venture between Valley Creek/State Highway 190 Partners LP and Reata Real Estate Services. More than 50% of the space is committed to national and regional retailers including Office Depot and PetsMart. Neighboring retailers include Home Depot and Lowe’s. Construction is expected to begin early in 2002.For more information contact Bob Barnes 120 Austin Highway Suite 105 San Antonio TX 78209; 210-930-4111 Fax 210-930-1114. Cedarwood Development Inc. is developing Waterville Commons a shopping center located on 45 acres in Waterville ME. Permits have been issued for 367 171 sq.ft. of retail space for the mall portion of the project. Retailers committed to the site include Home Depot Staples and Ruby Tuesday. For more information contact Cedarwood Development Inc. 1765 Merriman Road Akron OH 44313-5251; 330-836-9971 Fax 330-864-8094. Lockard Development and Merrill Oster are proposing a 210 000 sq.ft. Wal*Mart Supercenter at the intersection of Greenhill Road and South Main Street in Cedar Falls IA. Developers see this commercial project as the first phase for Greenhill Estates a larger residential and commercial development that could encompass 500 acres and include 2 000 homes. However the project has drawn opposition and awaits rezoning approval from the town’s planning and zoning commission and the city council. For more information contact Robert L. Smith Jr. Lockard Development 129 Plaza Circle PO Box 2220 Waterloo IA 50704-2220; 319-236-2000 Fax 319-235-9744; Web site: www.lockardrealty.com.
|