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Roundup
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Roundup Premier Properties USA, Inc. is planning to develop Metropolis, an 850,000 sq.ft. center located in Plainfield, IN. Opening is slated for the summer. Anchors at Metropolis will include the newly completed, 94,000 square foot prototype JCPenney. Area retail includes Plainfield Commons, a center anchored by Target, Kohl’s, Wal*Mart, Old Navy and PetsMart. In addition to its retail offerings, Metropolis will be defined by its entertainment. The center will feature entertainers to enhance and enliven the shopping experience. Open-air stages, gathering places for people of all ages, and restaurants will combine with retail shops. Metropolis is a master-planned development located in one of the fastest-growing sectors of the Indianapolis metropolitan market. Galyan’s flagship store will co-anchor Metropolis and will open this summer, while new tenants will include Coldwater Creek, J.Jill, Victoria’s Secret, Chico’s, Ann Taylor Loft, Limited Too, Pacific Sun and Lane Bryant. Demographics include a trade-area population of 310,952 earning $63,154 as the average household income. For more information, contact Premier Properties USA, Inc., 5252 East 82nd Street, Suite 300, Indianapolis, IN 46250; 317-558-9900, Fax 317-558-5252; Email: premierproperties@ppusa.net; Web site: www.ppusa.com.
Investment Management Associates, Inc. is preleasing a center located at the intersection of Florida Turnpike, Red Road and Miramar Parkway in Miramar, FL. The mixed-use development will consist of 22 acres; 220,000 sq.ft. of offices and hotels; an 80,000 sq.ft. strip center and various outparcels for banks, daycare and restaurants. The center will be developed by Baumgard Development Corporation. For more information, contact Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 100, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803.
SIMA Corp. is preleasing Cascade Village, an open-air, three-sided village located at the intersection of Highway 97 and Highway 20 in Bend, OR with an average daily traffic count of 32,200 vehicles. The center will be built on the former site of the Mountain View Mall. The 380,000 sq.ft. center will open during the spring. The company has already secured leases with Bed Bath & Beyond, Best Buy and PetsMart. Once completed, Cascade Village will have a GLA of 420,000 sq.ft. of space situated on a land area of 41 acres. Best Buy will lease approximately 30,000 sq.ft.; PetsMart will lease 22,000 sq.ft. and Bed Bath & Beyond will lease 23,000 sq.ft. All three stores are slated to open during this month. Existing tenants include a 51,000 sq.ft. JCPenney, a 35,000 sq.ft. GI Joe’s, a 35,000 sq.ft. Food 4 Less and a 30,000 sq.ft. Ross Dress For Less. There is approximately 120,000 sq.ft. of retail space available, with plans to add an additional 60,000 sq.ft. of space on an adjacent seven-acre site. For more information, contact SIMA Corp., 115 West Canon Perdido, Suite 200, Santa Barbara, CA 93101; 805-965-1616, Fax 805-965-6368; Email: sima@sima.net.; Web site: www.sima.net.
The Brunetti Organization is developing The Oaks at Glenwood, a 100-acre retail/commercial center within a 240-acre planned development located on Route 9 in Old Bridge, NJ. Phase I includes developments of 64,405 sq.ft.; 42,460 sq.ft.; 237,520 sq.ft.; 130,000 sq.ft.; 6,440 sq.ft. and 480,825 sq.ft., while Phase II includes development of 272,320 sq.ft. and 753,145 sq.ft. Area demographics include a population of 12 million within 30 miles earning $57,313 as the average household income. The site has an average daily traffic count of 55,240 vehicles. For more information, contact John J. Brunetti Jr., Brunetti Organization, 1655 U.S. Route 9, Old Bridge, NJ 08857; 732-727-3300, Fax 732-727-8395.
RED Development is developing The Legends at Village West, an 805,000 sq.ft., open-air lifestyle center located in Kansas City, KS. The Legends will offer specialty stores, unique retail, entertainment and dining venues and will be surrounded by major anchors, including Cabela’s, Nebraska Furniture Mart, CommunityAmerica Ball Stadium for The Kansas City T-Bones, the Great Wolf Lodge and the NASCAR Kansas Speedway. Opening is slated for the fall. Tenants include Aeropostale, Ann Taylor, Cavender’s, Pacific Sunwear, T.J. Maxx, Dave & Buster’s, Amini’s Galleria, Linens ‘N Things, Cold Stone Creamery, Firebirds Rocky Mountain Grill, Johnny Carino’s Country Italian Restaurant, McDonald’s, New York Deli, Outback Steakhouse, Planet Sub, Qdoba Mexican Grill, T-Rex, Ted’s Montana Grill, Yard House Restaurant, Finish Line, Off Broadway Shoe Warehouse, Balano Fine Jewelry, Candylicious, Claire’s, EB Games, Fossil, Helzberg Diamonds, Mikasa, Nextel, Sportz Nutz, adidas and Nike. For more information, contact Rod Yates, RED Development, 4717 Central, Kansas City, MO 64112; 816-777-3500, Fax 816-777-3501; Email: ryates@reddevelopment.com.
Street-Works, LLC is preleasing Blue Back Square, a 550,000 sq.ft. mixed-use development located at the intersection of Farmington Avenue and South Main Street in West Hartford, CT. Opening is slated for Fall 2006. The center will comprise 200,000 sq.ft. of retail space, 165,000 sq.ft. of office space and 185,000 sq.ft. of residential space. The center also will consist of renovating historic buildings, while relocating and consolidating municipal spaces. Area demographics include a population of 239,254 within five miles earning $59,963 as the average household income. For more information, contact Street-Works, LLC, 30 Glenn Street, White Plains, NY 10603; 914-949-6505 Ext. 313.
Metro Development Co. is planning to develop a 140-acre mixed-use center located at the intersection of Routes 611 and 132 in Warrington, PA. The Valley Square project includes 500,000 sq.ft. of lifestyle and traditional upscale retail, including a 130,000 sq.ft. Wegmans Super Store; 110,000 sq.ft. of office space, more than 200 residential units for people 55 and older and a 100-room hotel and numerous themed restaurants. Area demographics include a population within seven miles earning $83,286 as the average household income. Opening is slated for October 2005. U.S. Realty Associates, Inc. will handle the management and will co-lease the project with Madison Marquette. About 60% of the center is preleased. For more information, contact Gregory Bianchi, U.S. Realty Associates, Inc., 232-234 North 22nd Street, Philadelphia, PA 19103; 215-557-9900 Ext. 141, Fax 215-557-0878; Web site: www.eusrealty.com. Or contact Peter Maggio at 215-557-9900 Ext. 140.
The Richard E. Jacobs Group, Inc. is developing Cypress Creek Town Center, a 1.6 million sq.ft. regional center located at the intersection of Interstate 75 and State Road 56 in Pasco, FL. The centerpiece of a much larger planned community, Cypress Creek Town Center is scheduled to open in 2007. The center will be situated on a land area of 511 acres. The center will include approximately 600,000 sq.ft. of retail, 420,000 sq.ft. of office space, 630 apartments and 700 hotel rooms. For more information, contact The Richard E. Jacobs Group, Inc., 25425 Center Ridge Road, Cleveland, OH 44145-4122; 440-871-4800, Fax: 440-808-6905; Web site: www.rejacobsgroup.com.
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