Entertainment & Specialty Project Roundup
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Entertainment & Specialty Project Roundup

RED Development is developing the Legends at Village West, a $113 million, 500,000 sq.ft. shopping center located near the Kansas Speedway in western Wyandotte County outside of Kansas City, KS. The site will include a 12-screen movie theater to be operated by Warren Theaters and also will have about 100,000 sq.ft. of outparcels available for restaurants. The company projects a November 2003 opening. Area tenants will include Cabela’s, Inc., whose outdoor gear store is projecting a late summer opening, and Nebraska Furniture Mart, which projects a 2003 opening. RED also operates shopping centers in Lincoln, NE and Phoenix, AZ. The developer also is building in Minneapolis, MN, Fort Wayne, IN and suburban Madison, WI.

For more information, contact RED Development, 1100 Main Street, Suite 2700, Kansas City, MO 64105; 816-531-8100, Fax 816-360-1415; Email: red@reddevelopment.com; Web site: www.reddevelopment.com.

Realty Development Corp. is developing a $29 million, 240,000 sq.ft. apartment, condo and retail project at the corner of Freedom Parkway and Boulevard near the Georgia Baptist Health Care System in Atlanta, GA. An 11,000 sq.ft. CVS will occupy part of the first floor. The project is near the MLK Historic District.

For more information, contact Realty Development Corp., 1050 Crowne Point Parkway, Suite 500, Atlanta, GA 30338; 404-459-6100.

Sherman Associates plan to develop a two-mile stretch of Nicollet Avenue in Minneapolis, MN. The development is expected to include 15 mixed-use sites that combine retail and office space at street level with housing and decked parking on the upper levels. The company plans to develop entertainment and cultural venues, supermarkets and hardware stores. Sherman Associates also is planning a mixed-use site of 30,000 sq.ft. of retail space at 18th Street and Nicollet Avenue, which is currently a strip center anchored by Ace Hardware and Supervalu. The companies are planning a 2004 opening.

For more information, contact Sherman Associates, 1010 West Broadway Avenue, Minneapolis, MN 55411; 612-588-4669.

MLP Investments is developing Station Plaza, a $40 million center in Kirkwood, MO. The site also will include 215 apartments, 24 attached town houses and 40,000 sq.ft. of street-level retail and restaurant space built around a central plaza. The site will be located across the street from Kirkwood City Hall at South Kirkwood Road and Madison Avenue. MLP acquired the former Target site from The Desco Group.

For more information, contact MLP Investments, 607 South Lindbergh Boulevard, St. Louis, MO 63131; 314-983-9500, Fax 314-983-9510.

The Rouse Co. is redeveloping the Fashion Show mall, an $800 million, 1,000,000 sq.ft. expansion and renovation in Las Vegas, NV. The project will include the opening of Bloomingdale’s Home with 100,000 sq.ft. and a 180,000 sq.ft. Lord & Taylor, including the expansion of a 170,000 sq.ft. Saks Fifth Avenue, and Neiman Marcus. Other new tenants include Tommy Bahama, Jacadi, J. Jill, Cole Haan and Apple Computer. Existing department store anchors include Macy’s, Dillard’s and Robinson’s-May.

For more information, contact The Rouse Co., 10275 Little Patuxent Parkway, Columbia, MD 21044; 410-992-6000, Fax 410-964-3487; Web site: www.therousecompany.com.

Jacoby Development, Inc. is developing Atlantic Station, a center on a land area of 138 acres in Atlanta, GA. The site will feature six million sq.ft. of office space, 1.5 million sq.ft. of retail (including a 5,200 sq.ft. California Pizza Kitchen) and entertainment space, including nightclubs, and a 16-screen, 100,000 sq.ft., two-level, Regal movie theater. It also will include spaces of 4,000 sq.ft. to 500,000 sq.ft. for big box retailers, a high-technology office park, apartments, condos and townhomes, three hotels with up to 1,000 rooms, and an infrastructure featuring lakes, parks, monuments, roads and a pedestrian bridge that will link the site to Atlanta’s Metro Rapid-Transit System.

For more information, contact Jacoby Development, 1000 Abernathy Road Northeast, Suite 1250, Atlanta, GA 30328; 770-399-9930, Fax 770-206-9150; Web site: www.jacobydevelopment.com.

Taubman Centers, Inc. and Faison Enterprises are developing Northlake Mall, a $100 million, two-level, 1,000,000 sq.ft. center on a land area of 140 acres located at the intersection of Interstate 77 and Reames Road in north Mecklenburg, NC. Construction is expected to begin late next year, with completion slated for Fall 2005. Anchors will include Belk, Dillard’s and Hecht’s, with 150 cotenants. Faison will head the project’s zoning and approval process, handle road construction and infrastructure and develop sites for peripheral retail stores. Taubman will have 100% interest in the enclosed mall. Area demographics will include a projected population of 682,000 when the mall opens. Tauban owns or manages 30 regional malls and shopping centers in 13 states. Faison has 1.8 million sq.ft. of shopping centers under development, and it manages and leases 12 regional malls.

For more information, contact The Taubman Co., 200 East Long Lake Road, Bloomfield Hills, MI 48303-0200; 248-258-6800, Fax 248-258-7601.

Duke Retail is developing River’s Edge at Milford, a 480,000 sq.ft. center located off Interstate 275 in Cincinnati, OH. Anchor spaces of up to 140,000 sq.ft. are available, with small shop spaces available from 1,600 sq.ft. to 10,000 sq.ft., including two outlots. Approximately 80,000 sq.ft. of the project is designated for entertainment users. Area demographics include a population of 345,155 within 10 miles earning $73,358 as the average household income.

For more information, contact Duke Realty Corp., 4555 Lake Forest Drive, Suite 400, Cincinnati, OH 45242; 513-956-4400. The local market contact is Greg Malone, who can be reached at 800-638-5801; Email: greg.malone@dukerealty.com.