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New Construction
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New Construction Creekstone is developing Towne Center at Cedar Lodge, a center located at the intersection of Jefferson Highway and Corporate Boulevard in Baton Rouge, LA. The site is situated on a land area of 48 acres. The company also is developing The Reserve at Cedar Lodge, a multi-family apartment complex to be developed on an adjacent 14 acres. The two projects will have three phases of construction. Phase I is the construction of the 300-unit apartment complex. The next two phases, including the construction of the office and retail center, are expected to begin in September and last about three years. Plans call for an upscale retail center with a blend of local, regional and national tenants. The entire commercial portion of the development has 440,400 sq.ft. of office and retail space. For more information, contact Stephen Keller, Creekstone, 4545 Post Oak Place, Suite 100, Houston, TX 77027; 713-621-5300; Email: sdkeller@creekstone-builders.com. Transcan Development, LLC is developing Canyon Crossings, a planned 600,000 sq.ft. center located at the intersection of Interstate 215 and 60 Freeway in Riverside, CA. Canyon Crossings is part of the Canyon Springs 180-acre master-planned community. The center will include a mixture of large scale retail, including Target, Linens ‘n Things, Pier 1 Imports, Party City, Michaels Arts & Crafts, Famous Footwear, Wal*Mart, Sam’s Club, Best Buy and PetsMart. Opening is slated for late 2004. The site of the center is situated on a land area of 84.7 acres.For more information, contact Transcan Development, LLC, 3189 Danville Boulevard, Suite 245, Alamo, CA 94507; 925-552-9742, Fax 925-552-9748; Email: info@transcanllc.com. Craig Realty Group is planning a renovation and expansion of the Citadel Outlets and Office Park located on Interstate 5 at the Atlantic Boulevard exit in Los Angeles, CA. The company will upgrade the current 147,000 sq.ft. and add 126,000 sq.ft. of retail space that is scheduled to open during Fall 2004. The center is situated on a land area of 35 acres and features 41 designer and manufacturer outlets, a food court with eight eateries, a 256,000 sq.ft. office complex with four buildings that includes the headquarters of Smart & Final and a ground lease which is occupied by a 201-room Wyndham Hotel Commerce. An additional 12 acres adjacent to the center are being acquired for future expansion plans, which will bring the property to a total of 47 acres. Tenants include Ann Taylor Factory Store, Old Navy Outlets and Eddie Bauer Outlet. For more information, contact Craig Realty Group, 1500 Quail Street, Suite 100, Newport Beach, CA 92660; 949-224-4100, Fax 949-224-4101; Email: info@craigrealtygroup.com. Captec Realty Capital and SNK La Playa I, LLC are developing a 102-unit multi-family project with an additional 15,000 sq.ft. of retail space in Emeryville, CA. The site will be situated on a land area of 1.68 acres. The development will consist of one and two bedroom luxury apartment homes along with ground-floor retail. For more information, contact Ken Milne, Captec Realty Capital, 24 Frank Lloyd Wright Drive, Lobby L, Fourth Floor, PO Box 544, Ann Arbor, MI 48106-0544; 734-913-0506, Fax 734-994-1376; Web site: www.captec.com. Endeavor Real Estate Group is developing a Wal*Mart Supercenter located at the intersection of IH-35 and Slaughter Lane in Austin, TX with an average daily traffic count of 243,732 vehicles. The proposed supercenter will be 203,622 sq.ft. The site also has spaces available of 1,500 sq.ft. and up, as well as multiple pad sites. Area demographics include a population of 154,011 within five miles earning $48,844 as the average household income. For more information, contact Endeavor Real Estate Group, 1209 5th Street, Suite 200, Austin, TX 78703; 512-682-5500, Fax 512-682-5505. Newmark Merrill is preleasing Tule Springs, a 337,000 sq.ft. center located at the intersection of Farm Road and Durango Drive in northwest Las Vegas, NV. Area demographics include a population of 69,736 within five miles earning $102,604 as the average household income. For more information, contact Brad Pearl or Jae Chung, Newmark Merrill, 18801 Ventura Boulevard, Suite 300, Tarzana, CA 91356; 818-996-0700, Fax 818-996-0760; Email: bpearl@newmarkmerrill.com; Web site: www.jchung@newmarkmerrill.com. RSL Consulting is preleasing the expansion of Mark Twain Mall located directly on Interstate 70 at exit 229 at Fifth Avenue in St. Charles, MO with an average daily traffic count of 207,000 vehicles. The 367,593 sq.ft. mall is currently anchored by a 92,000 sq.ft. Bass Pro Shop/Sportsman’s Warehouse, as well as a 76,000 sq.ft. Gordmans. Tenants include Hollywood Video, Weekends Only, West Marine, Emperor’s Wok, Bellecino’s and Buffalo Wild Wings. When the expansion is complete, the mall will exceed 400,000 sq.ft. Area demographics include a population of 465,080 within 10 miles earning $65,295 as the average household income. For more information, contact Steve Rosenthal, RSL Consulting, 3239 Glenwood Circle, Holiday, FL 34691; 727-942-2449, Fax 727-942-2683. Thomas Enterprises, Inc. is preleasing Pavilion at Kings Grant, a 350,000 sq.ft. center located at the intersection of Interstate 85 and Speedway Boulevard in Concord, NC with an average daily traffic count of 165,000 vehicles. Area demographics include a population of 273,117 within 10 miles earning $56,382 as the average household income. The center is situated on a land area of 35 acres. The center will be tenanted by AMC Theaters, Bass Pro Shops, Bed Bath & Beyond, Old Navy, Just For Feet, T.J. Maxx, Jillian’s, Burlington Coat Factory, Books-A-Million, Gap Outlet and Off Saks 5th Avenue. The company also is preleasing Tarpon Springs Pavilion, a 250,000 sq.ft. center located at the intersection of U.S. 19 and Klosterman Road in Tarpon Springs, FL with an average daily traffic count of 145,000 vehicles. The site is situated on a land area of 23 acres. Area demographics include a population of 367,793 within 10 miles earning $60,416 as the average household income.For more information, contact Thomas Enterprises, Inc., 300 Village Green Circle, Suite 200, Smyrna, GA 30080; 770-801-8222, Fax 770-801-1222. The Woodmont Co. is developing Founders Square, a 300,000 sq.ft. center located along Interstate 540, south of Walton Boulevard, in Rogers, AR. The site is situated on a land area of 30 acres. For more information, contact The Woodmont Co., 2100 West Seventh Street, Fort Worth, TX 76107; 817-732-4000, Fax 817-735-4738; Web site: www.woodmont.com. Edgewood Properties is developing Broad Street Plaza, a center located at the intersection of Broad Street and Route 34 in Matawan, NJ. The center will be tenanted by Walgreens. Area demographics include a population of 58,155 within three miles earning $77,131 as the average household income. Spaces available include 11,025 sq.ft.; 11,550 sq.ft. and 12,000 sq.ft. For more information, contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900. |