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New Construction
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New Construction Edens & Avant is developing the following two supermarket-anchored centers in the Baltimore, MD/Washington, DC area: Arundel Village, an 86,400 sq.ft. center located in Hanover, MD. The center will be located on a land area of 12.5 acres on Arundel Mills Boulevard and will be anchored by a 57,860 sq.ft. Safeway. Opening is slated for Spring 2004; The Marketplace at Potomac Station, a 96,343 sq.ft. center located on a land area of 19.6 acres at the intersection of Route 7 and Battlefield Parkway in Leesburg, VA. The center is anchored by a 56,292 sq.ft. Giant supermarket and also features 40,051 sq.ft. of small shop space, as well as four outparcels. Opening is slated for Spring 2004. For more information, contact Edens & Avant, 900 Bank of America Plaza, 1901 Main Street, Columbia, SC 20201; 803-779-4420, Fax 803-765-0684; Web site: www.edensandavant.com. Newton Oldacre McDonald is developing TigerTown, an 800,000 sq.ft. center located at the intersection of U.S. 280 and Interstate 85 in Opelika, AL. The center also will include office and hotel space, as well as sites for freestanding banks, restaurants and stores. The project is expected to be developed in three phases, the first of which is scheduled to be completed during Summer 2004. The center is expected to be tenanted by a 20,000 sq.ft. Office Depot. For more information, contact Newton Oldacre McDonald, 250 South Washington, Prattville, AL 36066; 334-361-8500. Creekstone Capital, LLC is developing a 45,770 sq.ft. Whole Foods Market at Towne Center at Cedar Lodge located at the intersection of Jefferson Highway and Corporate Boulevard in Baton Rouge, LA. In addition to Whole Foods Market, the center will have local, regional and national tenants, as well as space comprised of three office buildings that will range from two to six stories. The entire commercial portion of the development has 440,400 sq.ft. of office and retail space. Whole Foods is slated to open during early 2005. For more information, contact Stephen Keller, Creekstone Capital, LLC, 4545 Post Oak Place, Suite 100, Houston, TX 77027; 713-621-5300; Email: sdkeller@creekstone-builders.com. The Widewaters Group is developing a center located on State Route 8 in Shaler, PA with an average daily traffic count of 350,000 vehicles. Area demographics include a population of 178,045 within five miles earning $57,538 as the average household income. For more information, contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, PO Box 0003, DeWitt, NY 13214; 315-445-8613, Fax 315-445-8570; Email: jlavelle@widewaters.com. Mid-America Asset Management Co. is preleasing Cantera Commons, a center located at the intersection of Diehl and Winfield Roads in Warrenville, IL. The center is currently anchored by a 175,000 sq.ft. Super Target and is tenanted by Jamba Juice, Potbelly Sandwich Works, Go Roma Restaurant, Starbucks and Supercuts. Additionally, Bank of America secured a 1.62-acre ground lease for a 4,700 sq.ft. full-service branch.For more information, contact Two Mid-America Plaza, Third Floor, Oakbrook, IL 60181-4713; 630-954-7300, Fax 630-954-7304; Web site: www.midamericagrp.com. Wheeler/Kolb Management Co. is developing Pharrs Village Shopping Center, an 18,950 sq.ft. center located at the intersection of Highway 124 and Pharrs Road in Snellville, GA with an average daily traffic count of 40,978 vehicles. The center is anchored by Washington Mutual. Area demographics include a population of 131,728 within five miles earning $94,764 as the average household income. For more information, contact Louie Kotronis, Wheeler/Kolb Management Co., 3525 Mall Boulevard, Suite 5-AA, Duluth, GA 30096; 770-476-4801, Fax 770-497-8811; Email: louie@wheelerkolb.com; Web site: www.wheelerkolb.com. Territory, Inc. is developing Spencer Square, a 400,000 sq.ft. mixed-use center located at the intersection of St. Rose Parkway and Spencer/Seven Hills Drive in Las Vegas, NV. The development is surrounded by the master-planned communities of Seven Hills, Silverado Ranch, Southfork, Sunridge and Anthem. Demographics include a trade-area population of 141,362 earning $57,679 as the median household income. For more information, contact Terri Sturm, Territory, Inc., 7448 West Sahara Avenue, Las Vegas, NV 89117; 702-222-1402, Fax 702-227-0746; Email: tsturm@territoryinc.com; Web site: www.territoryinc.com. M&H Property Management, LLC is redeveloping Montclair Towne Center, a 170,000 sq.ft. center located at the intersection of Monte Vista Avenue and Moreno Street in Montclair, CA. The space was formerly occupied by Sam’s Club. Area retail includes Macy’s, Nordstrom, Robinson’s-May, JCPenney and Borders Books & Music. Area demographics include a population of 422,075 within five miles earning $57,418 as the average household income. For more information, contact Jim Houghton, M&H Property Management, LLC, 1721 West Imperial Highway, Suite G, La Habra, CA 90631; 562-691-5996. Heritage Development Co. is developing The Shops at Deerfield, a 300,000 sq.ft. center located at the intersection of Cooper-Foster Park Road, Oak Point Road and Deerfield Drive in Lorain/Amherst, OH. The center has spaces available from 4,400 sq.ft. to 88,000 sq.ft. Area demographics include a population of 73,631 within five miles earning $51,849 as the average household income.For more information, contact Heritage Development Co., 34555 Chagrin Boulevard, Moreland Hills, OH 44022; 440-914-4300, Fax 440-247-9767; Web site: www.heritage-development.com. Thomas Enterprises, Inc. is developing 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 site is situated on a land area of 35 acres. The company also is developing Gold Coast Pavilion, a 750,000 sq.ft. center located at the intersection of Interstate 10 and Interstate 110 in D’lberville, MS with an average daily traffic count of 89,000 vehicles. Area demographics include a population of 90,772 within seven miles earning $51,363 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. Diamond Ventures, Inc. and W.M. Grace Development are developing River Crossing, a 300,000 sq.ft. center located at the intersection of River and La Cholla Boulevard in Tucson, AZ. The center includes an 81,000 sq.ft., 18-screen Harkins theater. Area demographics include a population of 63,918 within three miles earning $41,859 as the average household income. The companies also are developing Riverside Crossing, a supermarket-anchored center located at the intersection of River and La Cholla Boulevard in Tucson. For more information, contact Diamond Ventures, Inc., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 602-943-3548; Email: wmgraceco@msn.com. |