New Construction
[ Home ] [ Up ] [ Home-Related Retailers Expanding Nationwide ] [ New Construction ] [ Who's Opening & Where ] [ Buyers & Sellers ] [ Expanding Canadian Chains ] [ Exclusives ] [ Sources of Financing ] [ Food Retailers Expanding Nationwide ] [ Lease Signings ] [ Lead Sheet ] [ Real Estate Professionals Making The News ] [ Space Place ]

 

New Construction

The Lewis Group of Cos. is developing a shopping center in Fontana, CA and has plans to develop two more throughout the area. Summit Heights Gateway, a 260,000 sq.ft. center located east of Interstate 15 and south of Summit Avenue, will have about 20 stores and be anchored by Kohl’s. Opening is slated for this month, while Marshalls and PetsMart are due to open during the Fall. Tenants include Dress Barn, Wendy’s, Subway, a Chevron gas station, as well as a bank, drug store and office supply company. The company also is developing Sierra Lakes Marketplace, a 320,000 sq.ft. center, which is expected to be anchored by a Lowe’s Home Improvement Warehouse, Costco, a bank and five restaurants, two of which will serve fast food. Construction will begin later this year, with opening slated for Spring 2004. The company also is developing Sierra Lakes Village, a 110,000 sq.ft., supermarket-anchored center located at the intersection of Citrus and Foothill Freeway.

For more information, contact The Lewis Group of Cos., PO Box 670, 1156 North Mountain Avenue, Upland, CA 91785-0670; 909-985-0971, Fax 909-949-6700.

Hawkeye Investments is planning to develop Orcutt Plaza on a land area of 22 acres in Orcutt, CA. The plaza, bordered by Santa Maria Way, College Drive and Highway 101, has commitments from anchors Kohl’s, Vons supermarket, Borders Books & Music and Petco. The plaza will have a 200,000 sq.ft. GLA, while the anchors would border Highway 101. The 50,000 sq.ft. Vons supermarket will include a drug store, bakery and a four-pump gas station. Borders will occupy 20,000 sq.ft. and will include a cafe. Petco will occupy a space of 15,000 sq.ft. The center also will be tenanted by a Starbucks with a drive-thru, Mimi’s Cafe, Bank of America, Hollywood Video, Baja Fresh, Outback Steakhouse and Jamba Juice.

For more information, contact Hawkeye Investments, 1240 Cougar Ridge Road, Buellton, CA 93427; 805-688-4168, Fax 805-688-6569.

KAM Realty is leasing a 340,000 sq.ft. center located at the intersection of Bear Valley Road and Interstate 15 in Victorville, CA. The site has approximately 25 acres available for development and has an approved site plan for an entertainment center and a pending lease with Cinemark for an 18-screen movie theater. The center, which is located near Victor Valley Mall, also has a Circuit City under construction. Spaces from 3,500 sq.ft. to 11,500 sq.ft. are available.

For more information, contact Yury Ferkelman, KAM Realty, 8730 Wilshire Boulevard, Suite 210, Beverly Hills, CA 90211; 310-659-7999, 310-274-1736 or 310-927-6030; Email: yuryf@attbi.com.

Presnell Construction/Development Group, Inc. is developing Shepherd’s Crossing Shopping Center located at the intersection of Interstate 65, state Highway 44 and state Highway 61 in Shepherdsville, KY with an average daily traffic count of 121,500 vehicles. The site includes a new four-lane connector arterial. Anchors include Kroger and Marquee Cinemas, which will open during the Spring. The center has 90,000 sq.ft. of commercial space available, plus outparcels. Outlots in the center are being sold to Stock Yards Bank, Bullitt County Bank and Valvoline Quick Oil Change. Negotiations are continuing with Rally’s and O’Charley’s. Nearly 60% of the 57,400 sq.ft. center has been preleased. The following retailers have submitted letters of intent: Dollar Tree, Cingular Wireless, Great Clips, Pretty Nails, Blockbuster Video, Papa John’s Pizza, Sam Meyers, General Nutrition Center, Friedman’s Jewelers, Merle Norman, Hometime Electronics and a Chinese restaurant.

For more information, contact David G. Presnell, Presnell Construction/Development Group, Inc., 713 West Main Street, Suite 300, Louisville, KY 40202-2648; 502-585-9944, Fax 502-585-9948; Email: dpiii@paiki.com.

InterState Commercial Real Estate is preleasing a proposed big box center located at the intersection of Route 47 and Powers in Huntley, IL. The master-planned community will include Del Webb’s Sun City, a 2,156-acre community projecting 6,000 homes and a population of over 12,000; Huntley Corporate Park, a 400-acre parcel with two miles of tollway frontage; PrimePointe Business Park, an 80-acre industrial development providing access to Interstate 90; Huntley Village Green, a supermarket-anchored retail center; The Oaks of Huntley, a power center currently under development; Prime Outlets, a 285,000 sq.ft. outlet mall with over 60 stores; Huntley Automall, a multi-dealership site; and recreation areas that include a championship golf course, parks, pedestrian walkways and bike paths. The center has three anchor spaces available of 86,584 sq.ft., 135,107 sq.ft. and 175,000 sq.ft. The center also has six proposed outlots available from 1.20 acres to 1.27 acres. Area demographics include a population of 207,508 within 10 miles earning $76,864 as the average household income.

For more information, contact Sharon Whiteside or Tom Naughton, InterState Commercial Real Estate, 1701 Golf Road, Tower 3, Suite 203, Rolling Meadows, IL 60008; 847-472-5003.

Mid-Northern Equities, Ltd. is preleasing pad sites at the intersection of Army Trail and Kuhn in Carol Streams, IL. The property offers ground lease, build-to-suit or sale deals and frontage along the Army Trail Road corridor. The site is across from a new Costco store and has an average daily traffic count of 30,000 vehicles. Other nearby retailers include Jewel-Osco, 7-Eleven, Linens ‘n Things, Toys "R" Us, Michaels, Value City, OfficeMax, Best Buy, T.J. Maxx, Old Navy, Wal*Mart, Target, Sportmart, Lifetime Fitness, Barnes & Noble, PetsMart, The Sports Authority, Kmart, Circuit City, Shoe Carnival, Dominick’s, Kohl’s, Burlington Coat Factory, Sears and Marshall Field’s. Area demographics include a population of 232,406 within five miles earning $74,094 as the average household income.

For more information, contact Mid-Northern Equities, Ltd., 3100 Dundee Road, Suite 304, Northbrook, IL 60062; 847-559-8882, Fax 847-559-9160.

Tuscany Village, LLC is developing Tuscany Village, a 13,800 sq.ft. center located at the intersection of Interstate 26 and Lake Murray Boulevard in the Irmo/Harbison area of Columbia, SC. The center will feature a Mediterranean-themed design with covered outdoor dining and upscale exterior face, with landscaping. The center is cotenanted by Bellacino’s, a veterinary hospital, an upscale seafood restaurant and Sign-A-Rama. Spaces are available from 1,100 sq.ft. to 3,025 sq.ft. Completion is slated for August. Area demographics include a population of 46,193 within three miles earning $76,450 as the average household income. The center is being preleased by Colliers Kennan, Inc.

For more information, contact Erin T. England, Colliers Kennan, Inc., 1301 Gervais Street, Suite 600, Columbia, SC 29201; 803-401-4281, Fax 803-252-5989; Email: eengland@collierskennan.com.