The Mills Corporation is developing the 1.2 million Colorado Mills in Lakewood, CO. The $250 million project is a product of the company’s partnership with developer Greg Stevison and Taubman Company. The center will include an outdoor component called E-Street including restaurants, a one-of-a-kind museum and entertainment venues. The project began as Denver West Village Shopping Center developed by Stevison on a lot just west of the current project, but the site and name changed with the influx of national developers’ money. The center will be anchored by OFF 5TH- Saks Fifth Avenue Outlet and Last Call from Neiman Marcus. The company will also develop the 900,000 sq.ft. mixed-use center anchored by the San Francisco YMCA at Piers 27-31 along the northeast waterfront in San Francisco, CA. The center will include a 300,000 sq.ft. YMCA facility with skate parks, swimming pools and rock climbing as well as 150,000 sq.ft. for recreational retail and casual dining and 200,000 sq.ft. in office space. The San Francisco Port Commission awarded the rights and the complex is scheduled to open in 2004. The company has announced plans to develop the 1.2 million sq.ft. Madrid Xanadu in the suburbs of Madrid, Spain. The project will be anchored by two concepts from El Cortes Ingles who will occupy 400,000 sq.ft. with a department store and a Hipercor market. The center will also include a 180,000 sq.ft. snowdome featuring indoor skiing, snowboarding and ice skating. The site is located on the N-V Highway, which connects Madrid and Lisbon, Portugal, in the town of Arroyomolinos. The development will include almost 800,000 sq.ft. in outparcels.

For more information on the US developments contact David D’Onofrio, The Mills Corporation, 1300 Wilson Boulevard, Suite 400, Arlington, VA 22202; 703-526-5354, Fax 703-526-5218. For more information on Madrid Xanadu contact Mark Rivers at 703-526-5257.

LandGrant Development is developing the 1A and 1B phases at the 66-acre International Gateway of the Americas in San Diego, CA. The mixed-use development will be anchored by Nike, Tommy Hilfiger, Liz Claiborne, Banana Republic, Nautica, Gap, Old Navy and Mikasa. The center is near the San Diego Factory Outlets and the Plaza Bonita Mall, located at the intersection of Interstate 5 and Camino de la Plaza. Inline spaces and outlots are available. Area demographics include a population of 150,000 residing in a five-mile radius earning an average annual household income of $55,000. Restaurants that have committed to the center include China King, McDonalds, Outback Steakhouse and Applebee’s. Phase 1 will open in November.

For more information contact Chris Smith, LandGrant Development, 12625 High Bluff Drive, Suite 212, San Diego, CA 92130; 858-481-0094, Fax 858-481-3108, Web site: www.internationalgatewayoftheamericas.com.

Simon Property Group, Inc. still intends to develop an entertainment center at the site of the former Great Plaza on Penn Landing in Philadelphia, PA. The company has spent several years and an estimated $250 million on rights and property for the center that will be located between the Independence Seaport Museum and the new site of the Please Touch Museum. The project includes plans for an aerial trolley that will link the center with attractions on the opposite shore of the Delaware River in Camden, NJ. Naming rights for the center are under negotiation with Philadelphia-based cable television provider Comcast.

For more information contact Melvin Simon, Simon Property Group, Inc., 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600, Fax 317-263-7177; Web site: www.simon.com.

New Plan Excel Realty Trust Inc. is constructing a seventh building on its 17-acre Pointe Orlando project on International Drive in Orlando, FL. The building will be tenanted by XS Orlando, an adult video game and bar owned and operated by the Namio Corporation. The center will also host Matrix and Metropolis nightclubs in the former Grand Central Station space. The project is anchored by FAO Schwartz, Muvico Pointe 21 Theatres and Wonderworks.

Laurence R. Levy Real Estate is developing two two-story buildings in Manchester Center, VT. The 3,725 sq.ft. and 3,560 sq.ft. buildings, which will be available fall 2002, are located at the intersection of Routes 11 and 30 just east of Route 7A. Other area retailers include Polo/Ralph Lauren, Coach, Mikasa, Emporio Armani, Tse Cashmere, J.Crew and Cole-Haan. The projects include the opportunity for single tenant identity and includes parking.