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New Construction
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New Construction Diversified Realty Development, Inc. is developing The Strada, a commercial, mixed-use center located at the intersection of Coconut Creek Parkway and Lyons Road in Coconut Creek, FL. The center will include a drive-thru bank, a restaurant, a medical office building, an 86-room Microtel, an office building and two, separate specialty retail buildings. The development has spaces available of 1,000 sq.ft. to 10,000 sq.ft., as well as outparcels of 3,000 sq.ft. to 8,000 sq.ft. Area demographics include a population of 125,751 within three miles earning $50,003 as the average household income. Asking rents range from $15 psf to $30 psf. Occupancy is slated for Spring 2007. For more information, contact Cindy Heatherly, Diversified Realty Development, Inc.1451 West Cypress Creek Road, Suite 300, Fort Lauderdale, FL 33309; 954-489-2724, Fax 954-489-2725; Email: cindyheatherly@bellsouth.com; Web site: www.stradaatcoconutcreek.com.
Bruns General Contracting, Inc. is preleasing Troy Business Park, a newly renovated mixed-use, office, retail and business center located at the intersection of South Dorset Road and West Market Street in Troy, OH with an average daily traffic count of 20,154 vehicles. Space will be available this summer. The 98,000 sq.ft. center has retail spaces ranging from 3,000 sq.ft. to 55,000 sq.ft. Area demographics include a population of 101,900 earning $77,446 as the average household income. Adjacent to the site are Kroger and Dollar General. For more information, contact Steve Bruns, Bruns General Contracting, Inc., 3050 Tipp-Cowlesville Road, Tipp City, OH 45371; 937-339-2300, Fax 937-339-8051; Email: sbruns@brunsgc.com; Web site: www.brunsgc.com.
Meyers Brothers is developing RiverStone Village, a center located at the intersection of Reinhardt College Parkway and Riverstone Boulevard in Canton, GA. The center will include about 1.6 million sq.ft. of commercial and retail space. The plan also calls for 1,169 residential units. Plans are to complete the project by 2011. For more information, contact Renee Rainwater, Riverstone Village, LLC, 2205 Riverstone Blvd. Suite 300, Canton, GA 30114; 678.493.5002; Web site: www.riverstonevillage.com.
Stirling Properties is developing Stirling Bossier Shopping Center, located at the intersection of Interstate 220 and Airline Drive in Bossier City, LA. The nearly 600,000 sq.ft. center will feature national retailers that will offer discount, entertainment and lifestyle components. Opening is slated for the summer. Target and Belk will anchor the center. Cotenants will include Bed, Bath & Beyond, Ross, Chick-fil-A, Hibernia Bank, Shoe Carnival, PetSmart, PJ’s Coffee & Wine Bar, Cingular Wireless, WOW Wingery and Serenity Spas. For more information, contact Rhonda Sharkawy, Stirling Properties, 615 Baronne Street, Suite 100, New Orleans, LA 70113-1082; 504-523-4481, Fax 504-523-4475; Email: rsha@stirlingprop.com.
JMJ Development, Inc. is planning to develop The Centre at Crossroads, an 80-acre, $75 million, 700,000 sq.ft. retail development located at the intersection of Parker Road and State Highway 121 in Lewisville, TX. Area retail includes Vista Ridge Mall and Stonebriar Mall. The plan is set to deliver the first retail space in 2007 and will accommodate retailers from 20,000 sq.ft. to 200,000 sq.ft. For more information, contact JMJ Development, Inc., One
Hickory Centre
Stiles Retail Group is preleasing The Gateway At Sawgrass, a center located at the intersection of Interstate 595 and NW 136th Avenue in Sunrise, FL. The center has 40,000 sq.ft. of street-front retail and restaurant space available, with spaces starting at 900 sq.ft. Area demographics include a population of 227,391 within five miles earning $64,110 as the average household income. The site is adjacent to a 293,000 sq.ft. IKEA Home Furnishings store. For more information, contact Larry Brooks, Stiles Retail Group, 300 SE 2nd Street, Fort Lauderdale, FL 33301; 954-627-9200; Web site: www.stiles.com.
Roseland Property Co. is developing High Street in Williamsburg, VA. The first phase of the development calls for 198 apartments, 53 town homes, 132 condominiums and approximately 226,000 sq.ft. of retail space. Retailers are likely to be announced during the fall and the opening of the site’s retail section is slated for Fall 2007. For more information, contact Daniel Aston, Roseland Property Co., 450 Court Street, Portsmouth, VA 23704; 757-967-9500, Fax 757-967-9503; Email: aston@roselandproperty.com; Web site: www.roselandproperty.com.
Windmill Plaza is preleasing retail spaces ranging from 6,000 sq.ft. to 12,000 sq.ft. in a new strip center located in Ruidoso, NM. For more information, contact Richard Salmon, Windmill Plaza, 5226 North Bentwood Drive, San Angelo, TX 76904; 325-277-1907, Fax 325-949-5747; Email: seafishes@msn.com.
LMG Investments, LLC is preleasing The Village of Pleasant Run, a 10,000 sq.ft. center located at the intersection of Polk Street and Pleasant Run in Desoto, TX with an average daily traffic count of 57,000 vehicles. The center has spaces available of 1,500 sq.ft. and 10,000 sq.ft. Area demographics include a population of 52,447 within three miles earning $69,540 as the average household income. Asking rent is $18 psf NNN. Area retail includes Albertsons, Walgreens and Bealls. For more information, contact Randall Gonzalez or Marci Millender, LMG Investments, LLC, 4570 Westgrove Drive, Suite 250, Addison, TX 75001; 972-233-8888, Fax 972-233-1615; Email: info@lmginvestments.com; Web site: www.lmginvestments.com.
Tri State Commercial Real Estate, Inc. is developing centers throughout NJ, with each having available space. A development in Freehold, NJ has space available of 48,000 sq.ft., while a development in Metuchen, NJ has space available of 60,000 sq.ft. Two developments in Morris Plains and Parsippany, NJ have spaces available of 40,000 sq.ft. and a development in Evesham, NJ has space available of 26,000 sq.ft. For more information, contact Darrin S. Hiban, Tri State Commercial Real Estate, Inc., 675 Line Road, Aberdeen, NJ 07747; 732-566-8211 Ext. 203, Fax 732-566-9311; Email: hibanbc@aol.com .
Regency Centers is developing 4S Commons Town Center, a center located at the intersection of Rancho Bernardo Road and Dove Canyon Road in 4S Ranch in San Diego County, CA. The center is situated on a land area of 24.6 acres and will be anchored by Ralphs. Cotenants will include Bed, Bath & Beyond, Cost Plus World Market, Ace Hardware, Sav-On Drugs, Del Mar Pizza, Maggie Moos Ice Cream, Washington Mutual and Bank of America. For more information, contact Stephen Hargrave, Regency Centers, 121 West Forsyth Street, Suite 200, Jacksonville, FL 32202; 858-847-4623; Email: SHargrave@RegencyCenters.com. |