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Entertainment & Specialty Project Roundup
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Entertainment & Specialty Project RoundupLCOR Inc. is developing Bank Street Commons, a residential/retail project located on a 2.6-acre site in downtown White Plains, NY, adjacent to the White Plains Train Station. The company will build 500 luxury apartments in two 22-story towers totaling 540,000 sq.ft. The project will share a common plaza over two levels of below-grade parking. One of the towers will be 21 floors with 2,400 sq.ft. of ground-floor retail. The second tower will be 22 floors with 3,500 sq.ft. to 4,000 sq.ft. of retail space on the ground floor. Groundbreaking for the first phase of the project is slated for Summer 2002.For more information, contact LCOR Inc., 100 Berwyn Park, Suite 110, Berwyn, PA 19312; 610-251-9110, Fax 610-408-4420; Web site: www.lcor.com. Pasquale Properties is developing Renaissance Airpark, a industrial/commercial/retail development in Opa Locka, FL. The project spans more than three million sq.ft. on 180 acres and is expected to take 10 to 15 years to complete. The initial phase, which is expected to be complete by the end of 2002, will include a 200,000 sq.ft. industrial building and several commercial and retail buildings. For more information, contact Grubb & Ellis, 801 Brickell Avenue, Suite 1060, Miami, FL 33131; 305-982-4100, Fax 305-982-4101; Web site: www.grubb-ellis.com. Realty Capital Corp. is developing the second phase of The Village at Colleyville located on Main Street and Highway 26 in Colleyville, TX. The first phase of the project includes an 800,000 sq.ft. center that includes upscale retailers, restaurants, entertainment, hotels, offices and residential villas. The next phase of the project includes two three-story buildings with more than 60,000 sq.ft. of retail and office space and 30 upscale residential villas. Construction is expected to being in Summer 2002. In addition, Monopoly Hotel Group plans to develop a 65-room boutique hotel that will open in early 2004. For more information, contact Realty Capital Corp., 1111 South Main Street, Suite 200, Grapevine, TX 76051; 817-488-4200; Web site: www.realtycapital.com. HSA Commercial Inc. and Morningside Group are developing Main Place, a retail/office development in Royal Oak, MI. The first phase consists of a five-story building with 44,360 sq.ft. of retail space on the first and second levels and three floors consisting of 67,500 sq.ft. of office space. The project is expected to open next Summer and includes Barnes & Noble, a 7,200 sq.ft. restaurant, a bread store, a cellular company and an ice cream shop. An additional two phases of the project may include a nine-story building with retail, parking and 85 lofts and the renovation of another structure for retail or office space. For more information, contact HSA Commercial Real Estate, 180 North Wacker Drive, Suite 500, Chicago, IL 60606; 312-332-3555, Fax 312-332-4122; Web site: www.hsacommercial.com. W/S Development Associates LLC is developing The Shoppes at Farmington Valley, a 345,020 specialty center located at the intersection of Route 44 and Route 177 in Canton, CT. The center will be anchored by a 23,171 sq.ft. Barnes & Noble, a 97,470 sq.ft. Kohl’s and a 13,481 sq.ft. Talbots. Other larger tenants include a 16,560 sq.ft. Old Navy, a 29,811 sq.ft. Wild Oats and a 12,238 sq.ft. Ulta Cosmetics. The center also will be tenanted by Mail Boxes Etc., The Children’s Place, J.Jill, J.Crew, Starbucks, Williams-Sonoma, American Eagle Outfitters, Johnny Rockets, Chico’s, Coach, Panera Bread, Coldwater Creek, Lux Bond & Green, Bombay, Max Amore Ristorante, Claire’s, Khaki & Black, Kiddly Winks, Summer Shack, AT&T and Pacsun. Area demographics include a population of 43,102 residing within a five-mile radius earning an average household income of $116,182. S.R. Weiner and Associates, Inc. is responsible for leasing the project. For more information, contact Lee Anne Klemyk, S.R. Weiner and Associates, Inc., 1330 Boylston Street, Chestnut Hill, MA 02467; 617-232-8900, Fax 617-738-1628; Email: la.klemyk@srweiner.com; Web site: www.srweiner.com. General Growth Properties, Inc. is developing Jordan Creek in West Des Moines, IA. The 200-acre upscale shopping and entertainment venue will feature a two-level collection of shops anchored by Famous Barr and Dilliard’s. The center will have a streetscape design that will highlight several lifestyle retailers selling furniture, home decor and accessories. Jordan Creek also will include an 18-screen movie theater, ice rink, 900-seat food court, man-made lake, amphitheater, bike paths and pedestrian walkways.For more information, contact John Mercuris or Jeff Hildahl, General Growth Properties, Inc., 110 North Wacker Drive, Chicago, IL 60606; 312-960-5138 or 312-960-5535; Email: jmercuri@generalgrowth.com or jhildahl@generalgrowth.com; Web site: www.generalgrowth.com. Chelsea Property Group is developing upscale, fashion-oriented manufacturers’ outlet centers in Aurora, IL, Las Vegas, NV and Marysville, WA. The 430,000 sq.ft. Chicago Premium Outlets will be located on Interstate 88 at North Farnsworth Avenue in Aurora. Area demographics include a population of 4,394,580 residing within a 30-mile radius earning an average household income of $76,441. Opening is slated for Fall 2003. The 430,000 sq.ft. Las Vegas Premium Outlets will be located on Interstate 15 at U.S. 95 in Las Vegas. Area demographics include a population of 1,246,583 residing within a 30-mile radius earning an average household income of $61,441. Opening is slated for Fall 2003. The 425,000 sq.ft. Seattle Premium Outlets will be located on Interstate 5 at 116th Street in Marysville. Area demographics include a population of 1,005,758 residing within a 30-mile radius earning an average household income of $68,199. Opening is slated for 2004. For more information, contact Tony Galvin or Phil Ende, Chelsea Property Group, 103 Eisenhower Parkway, Roseland, NJ 07058; 973-228-6111, Fax 973-228-5363; Email: 1shopper@cpgi.com; Web site: www.cpgi.com.
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