Entertainment & Specialty Project Roundup
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Entertainment & Specialty Project Roundup

Vision Land Development is planning to convert a former Cincinnati Milacron plant in Oakley, OH into a $225 million shopping, entertainment and office complex. The center would be situated on a land area of 70 acres and  feature an 18-screen movie complex with amenities such as a bar, cafe and VIP seating. Anchor tenants would include a bookstore, a sporting goods superstore, gourmet supermarket, department store and possibly a fitness center and hotel. The project is slated for opening next year. The site is located near Cincinnati Center, which features Target, Circuit City and Meijer.

   For more information, contact Vision Land Development, 455 Delta Avenue, Suite 108, Cincinnati, OH 45226; 513-533-3949, Fax 513-533-3974; Email: info@vision-land.com.

Matrix Development Group and K. Hovanian Cos. are developing a mixed-use center located in the Old City section of Philadelphia, PA. The center, to be known as National at Old City, is the first of two phases. The first phase will be built on the western portion of the former National Products site. The parcel covers about an acre on the west side of the 100 block of North Second Street. About 170 residential units and about 18,000 sq.ft. of ground-level retail space will be built, along with underground parking for more than 200 cars. The residential component will be comprised of lofts, flats and townhomes. One building will be rehabilitated, while everything else will be new construction. The balance of the redevelopment area includes the eastern portion of the site bordered by Second Street, Arch Street and Elfreth’s Alley, the nation’s oldest still-occupied residential street. Construction is slated to begin during the Spring.

   For more information, contact Hilary Budny, Matrix Development Group, Forsgate Drive CN 4000, Cranbury, NJ 08512; 732-521-2900; 732-521-2900. Or contact Doug Fenichel of K. Hovanian Cos. at 732-623-6979.

Flocke & Avoyer Commercial Real Estate is preleasing La Costa Town Square, an 82-acre site located at the intersection of Rancho Santa Fe Road and La Costa Avenue in Carlsbad, CA. The mixed-use center is slated to include approximately 385,192 sq.ft., including a 50,000 sq.ft. theater; 75,000 sq.ft. of medical office space, a supermarket, department store, specialty stores, banks and restaurants. The project is designed with a main street in the Italian-Mediterranean style of architecture. Within the project is a central plaza, which features a fountain with an assortment of restaurants and food shops.

   For more information, contact Stephen E. Avoyer, Flocke & Avoyer Commercial Real Estate, 3131 Camino Del Rio North, Suite 190, San Diego, CA 92108; 619-280-2600, Fax 619-280-3311; Email: info@flockeavoyer.com.

O&S Holdings, LLC and Riverwalk Entertainment, LLC are developing Louisiana Riverwalk, a center located along the Red River in Shreveport, LA. The center is neighbor to the 700-room Horseshoe Casino and Hotel, Casino Magic, Isle of Capri and Hollywood Complex. The center is tenanted by 200,000 sq.ft. of outlet stores, a 110,000 sq.ft. Bass Pro Outdoor World, a 65,000 sq.ft. 14-screen Regal Movie Theatre, 80,000 sq.ft. of themed restaurants, 75,000 sq.ft. of live entertainment, 18,000 sq.ft. of specialty food stores, as well as 386 hotel rooms. Demographics include a population of 400,000 within 20 minutes. The project is connected with access to Interstate 20, Traffic Street and Texas Street Bridge with over 115,000 vehicles daily. The center has plazas, river promenades, iconic towers, light shows and an amphitheater.

   For more information, contact Austin Bettar Jr., O&S Holdings, LLC, 11611 San Vincente Boulevard, Suite 500, Los Angeles, CA 90049; 310-207-8600 Ext. 115, Fax 310-207-2288; Email: abettar@osholdings.com.

Simon Property Group, Inc. entered into an agreement with the city of McAllen, TX to control 70 acres for the purpose of developing Palms Crossing, a 650,000 sq.ft. mixed-use project located at the intersection of Ware Road and Expressway 83. Palms Crossing would include a mix of large anchor tenants, inline retail shops and restaurants. A total of approximately 440,000 sq.ft. would be devoted to anchor/junior anchor stores in primarily one-level format buildings. Additionally, about 160,000 sq.ft. would consist of retail shops ranging from 2,000 sq.ft. to 15,000 sq.ft. each. There is the possibility of as many as 10 to 15 restaurants at the center, both inline and freestanding. The restaurants would be encouraged by the company to incorporate outside dining patios facing landscaped parks, architectural features and other amenities.

   For more information, contact Simon Property Group, Inc., 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600.

Kushner Cos. is planning to develop Cranford Crossing, a residential and retail development located one block from the train station in Cranford, NJ. Construction of the $16 million project is expected to commence during early Spring 2004. The project will feature 50 luxury condominiums homes and approximately 22,000 sq.ft. of retail space in two buildings. The project will feature concierge and special services, an exercise room and other amenities. In addition, the company will develop the first municipally-owned parking garage in Cranford.

   For more information, contact Kushner Cos., 18 Columbia Turnpike, Florham Park, NJ 07932; 973-822-0050, Fax 973-822-2507; Email: info@kushnercompanies.com.

Poag & McEwen Lifestyle Centers is planning to develop The Shops at Centerra Lifestyle Center, a 700,000 sq.ft. center located at the intersection of Interstate 25 and U.S. 34 in Loveland, CO. The center is party of a 3,000-acre mixed-use, master-planned community known as Centerra, which includes retail, restaurants, a movie theater, Class A office buildings, hotels, residential housing and a new hospital/medical complex called the Medical Center of the Rockies. Demographics include a trade-area population of 500,000. Opening of the center is slated for August 2005.

   For more information, contact Terry McEwen, Poag & McEwen Lifestyle Centers, 6410 Poplar Avenue, Suite 850; 960-761-7604, Fax 901-761-5325; Email: twmcewen@pm-lifestyle.com; Web site: www.pm-lifestyle.com.

CBL & Associates Properties, Inc. and The MGHerring Group are developing the Imperial Valley Mall, a single-level 741,000 sq.ft. center located at the intersection of State Route 31 and Chick Road in El Centro, CA. The enclosed regional center will have four department stores, including a 130,000 sq.ft. Sears, an 81,000 sq.ft. JCPenney, a 147,000 sq.ft. Dillard’s and a 140,000 sq.ft. Robinsons-May. The center also will have a stadium-seating, 14-screen UltraStar Theater, approximately 100 national specialty stores and businesses and a 10-unit food court. Opening is slated for Spring 2005.

   For more information, contact CBL & Associates Properties, Inc., CBL Center, Suite 500, 2030 Hamilton Place Boulevard, Chattanooga, TN 37421-6000; 423-853-0001, Fax 423-490-8662.