New Construction
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New Construction

Trademark Property Co. and Kimco Developers, Inc. are developing Market Street, a 500,000 sq.ft., open-air, Main Street-styled town center in The Woodlands Town Center in The Woodlands, TX. Market Street will feature upscale retail, restaurant and entertainment venues and loft-style offices. Borders Books & Music is planning to open a two-level, 26,000 sq.ft. flagship store, while H-E-B Grocery will open a 78,000 sq.ft. supermarket. The companies also are finalizing an agreement for a 950-seat, five-screen cinema to be located on Market Street’s Town Square. The companies also have announced plans to locate The Woodlands Children’s Museum in Market Street. The two-level, 25,000 sq.ft. facility is slated to open late next year. The museum’s exhibits and programs will target a primary audience of children up to 12 years old in a market area from Huntsville to north Houston. The museum estimates that it will attract more than 380,000 visitors during its first year of operation.

For more information, contact Trademark Property Co., 10720 Preston Road, Suite 1000, Dallas, TX 75230; 972-263-4611, Fax 214-739-5177; Web site: www.tdmk.com. Or contact, Kimco Developers, Inc., 3333 New Hyde Park Road, New Hyde Park, NY 11042; 800-285-4626 or 630-322-9200, Fax 630-322-9204; Web site: www.kimcocorp.com.

Bebenek’s Lumber is developing a 13,500 sq.ft. center in Paxinos, PA that is expected to include nine tenants. The center, located along Route 487 just north of the Route 61 intersection, is slated for a Summer opening.

For more information, contact Frank Bebenek, Bebenek’s Lumber, 53 West Valley Avenue, Elysburg, PA 17824; 570-672-2528.

The Macerich Co. is preleasing space in an expansion area now under construction at Queens Center in New York City, NY. Scheduled to open in phases during 2004, the expansion and redevelopment will increase its GLA to nearly one million sq.ft. from the current 620,000 sq.ft. Tenants include American Eagle, Applebee’s, Ashley Stewart, The Body Shop, Cache, Casual Corner, Champs Sports, Coach, Express, Famous Footwear, Finish Line, Guess?, Helzberg Diamonds, Journey’s, Kay Jewelers, Lenscrafters, Limited Too, Naturalizer, New York & Co., Pacific Sunwear, Pay Less Shoes, Petite Sophisticate, Pulse, Rampage, Rave Girl, Timberland, William Barthmann Jewelers and Wilson’s Leather.

For more information, contact The Macerich Co., 401 Wilshire Boulevard, Suite 700, Santa Monica, CA 90401; 310-394-6000, Fax 310-395-2791; Web site: www.macerich.com.

Marketplace Properties is developing San Dimas Town Center located on Bonita Avenue, between Walnut and San Dimas Avenues in San Dimas, CA. Phase I, which consists of a combination Albertsons/Sav-on store, opened in March. Phase II calls for an additional 51,000 sq.ft. of retail including a 13,000 sq.ft. drive-thru CVS Pharmacy. The entire nine-acre redevelopment project will encompass a total of 107,502 sq.ft. of retail upon build-out. Phase II is scheduled for opening in early November. The company recently began demolishing several older buildings located on the Phase II western portion of San Dimas Town Center. Some of the existing buildings will be retrofitted while the other existing buildings will be razed and rebuilt from ground up. Opening of Phase II is scheduled for November. Upon completion, San Dimas Town Center will feature two separate parks on site. Area demographics include a population of 46,000 within the trade area earning $87,000 as the average household income.

For more information, contact Michael Rue, Marketplace Properties, 13522 Newport Avenue, Suite 100, Tustin, CA 92780; 714-731-8888 Ext. 223, Fax 714-730-3525.

The Ainbinder Co. is developing RiverPark Shopping Center located at the intersection of U.S. 59 and State Highway 99 in Sugar Land, TX. Phase I of the center is approximately 300,000 sq.ft. with an additional 100,000 sq.ft. projected for Phase II. The center is 90% leased and is anchored by a 78,000 sq.ft. H-E-B Grocery store and a 100,000 sq.ft. Star Furniture store. Cotenants include Walgreens, Whataburger, Bank of America, Hallmark Cards, Cingular Wireless, Baskin Robbins, GameStop, Subway and Remax.

For more information, contact Bart Duckworth, The Ainbinder Co., 2415 West Alabama, Suite 205, Houston, TX 77098; 713-892-5600, Fax 713-892-5656; Email: bld@ainbinder.com.

Jordon Perlmutter & Co. has contracted to acquire an additional 120 acres in Thornton, CO, doubling the size of the company’s planned mall project and creating the largest retail project in the state. The 240-acre site, called Lark Ridge, could accommodate more than two million sq.ft. of space when completed along Interstate 25, between 168th Avenue and the recently completed extension of the E-470 toll road. The project would include a mall, as well as big box retailers. Construction is slated to begin next year.

For more information, contact Jordon Perlmutter, Jordon Perlmutter & Co., 1601 Blake Street, Suite 600, Denver, CO 80202-1329; 303-595-9919, Fax 303-595-3435; Web site: www.americanet.com/Perlmutter/

Simon Property Group, Inc. is planning to develop the 1.2 million sq.ft. mall portion of the Coconut Point Town Center in Estero, FL. Portions of the center are slated to open by 2005 with the whole project in business within a few years after that. Along with the 1.2 million sq.ft., Oakbrook Properties plans to put up 600,000 sq.ft. of retail to support the proposed residences within the project. Oakbrook also recently submitted plans for another 550,000 sq.ft. retail development near the mall.

For more information, contact Simon Property Group, Inc., National City Center, 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600, Fax 317-263-2318; Web site: www.shopsimon.com.

M&M Development Co. is planning to develop a 15,860 sq.ft. center at Reid Hill in Franklin, TN. The center will be anchored by a 14,560 sq.ft. Walgreens. Opening for the center is slated for September. Another Walgreens being developed by J.E. Crane and Sons will be located on South Royal Oaks and is slated for a mid-September opening. Walgreens will operate seven stores throughout Williamson County.

For more information, contact M&M Development, 11235 West Point Drive, Suite One, Knoxville, TN 37922; 865-675-0022, Fax 865-675-0030.

Westcor Partners is developing La Encantada, a 258,000 sq.ft. upscale shopping center in the Catalina Foothills of Tucson, AZ. The open-air village, which is located at the northwest corner of East Skyline Drive and North Campbell Avenue, is slated for a Fall 2003 completion. La Encantada will occupy 37 acres, 29 of which will be developed leaving nine acres of open space.

For more information, contact Mitch Stallard, 7260 East Rocky Ridge Drive, Tuscon, AZ 85750; 520-615-7500; Email: mstallard@westcor.com; Web site: www.westcor.com.