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Entertainment & Specialty Project Roundup
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Entertainment & Specialty Project Roundup Coro Realty Advisors, LLC is developing Berkeley Heights, a mixed-use center located at the intersection of Interstate 75, North Side Drive and Bellemeade Avenue in Atlanta, GA. The site has an average daily traffic count of 180,000 vehicles. The center is situated on a land area of 5.13 acres and will include 25,855 sq.ft. of retail and 183 luxury apartments. Opening is slated during the Spring or Summer. Area demographics include a population of 276,596 within five miles earning $71,435 as the average household income. For more information, contact Gary J. DeNicola, Coro Realty Advisors, LLC, 3312 Piedmont Road, Suite 400, Atlanta, GA 30305; 404-846-4000; Email: gdenicola@cororealty.com.
National Realty & Development Corp. and Milstein Brothers Capital Partners are developing Stamford Place, a mixed-use center and residential development located in downtown Stamford, CT. The 450,000 sq.ft. center and 550-unit residential community development will be located at Exit 8 off Interstate 95 on a land area of 4.2 acres at the intersection of Greyrock Place and Tresser Boulevard. Area retail includes Stamford Town Center, which is anchored by Macy’s, Filene’s and Saks Fifth Avenue. Current tenants at the retail portion of the development include a 150,000 sq.ft. Wal*Mart and a 150,000 sq.ft. Sam’s Club Warehouse that will each occupy a floor and other nationally and locally known stores and restaurants dispersed over four additional floors. The project is designed to include parking fields located at each retail level. In total, the development will consist of approximately 35 floors. Opening is slated for 2006. Area demographics include a population of 116,712 within three miles earning $98,000 as the average household income. For more information, contact Lisa E. Agresta, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577-2117; 914-694-4444, Fax 914-694-5448.
Zimmer Development Co. and Brody Realty Corp. are developing Mayfaire, a center located at the intersection of Military Cut Off Road and Eastwood Road in Wilmington, NC. Phase I of the center will include 386,334 sq.ft., while Phase II will be 163,072 sq.ft. and Phase III will be 142,550 sq.ft. The center is being developed in the landfall area. Plans call for single-family housing, parks, sidewalks and alleys. Tenants include Hecht’s Department Store, Linens ‘n Things, Michael’s Arts & Crafts, Cost Plus World Market, Wolfgang Puck Express, Pier 1 Imports, Chico’s, Jos. A. Bank, Starbucks, Coldwater Creek, Talbot’s, Barnes & Noble, Coldstone Creamery, Reed’s Jewelers, Ann Taylor, Williams-Sonoma, Smokey Bones BBQ, CargoKids, Atlanta Bread Co. and Men’s Wearhouse. Area demographics include a population of 161,118 within 10 miles earning $60,328 as the average household income. For more information, contact Roxana Kish at 850-995-0132; Email: roxanak@aol.com. Or contact, Gary Brody, Brody Realty Corp., 270 Spagnoli Road, Suite 201, Melville, New York,11747-1324; 631-756-1111, Fax 631-756-1112; Email: brodyco@optonline.net. Or contact, Zimmer Development Co., PO Box 411299, 1220 Washington Street, Suite 102, Kansas City, MO 64141-1299; 816-474-2000, Fax 816-421-6666; Web site: www.zimmercos.com.
Karman Development Group is renovating Cornerstone Commerce Center, a mixed-use and lifestyle center located in Linwood, NJ. The company recently signed a 10-year lease with the Federal Aviation Administration for 14,000 sq.ft. of office space for its Airways Operation Support. When renovated, the 250,000 sq.ft. center will include 140,000 sq.ft. of Class A office space, 30,000 sq.ft. of upscale retail space and 11,000 sq.ft. for a high-end restaurant. For more information, contact Lori Bookbinder of Anne Klein & Associates for Karman Development Group at 856-988-6560 Ext. 18; Email: lori@mail.akleinpr.com.
Metro Development Co. is planning to develop a 140-acre mixed-use center located at the intersection of Routes 611 and 132 in Warrington Township, PA. The project is expected to include 500,000 sq.ft. of lifestyle and traditional upscale retail; a 130,000 sq.ft. Wegmans Super Store; 110,000 sq.ft. of office space; 200 condominium units, a 100-room hotel and numerous themed restaurants. Construction is slated to begin this May, with opening expected during October 2005. The center is currently 60% preleased and has signed the following tenants: Ann Taylor Loft, Chico’s, White House/Black Market, Christopher Banks, Qdoba, Cold Stone Creamery, Starbucks, Ritz Camera and Bubbles Salon and Spa. Area demographics include a population within seven miles earning $83,286 as the average household income. For more information, contact Gregory Bianchi, Metro Development Co./US Realty, 232 North 22nd Street, Philadelphia, PA 19103; 215-557-9900 Ext. 141.
Gerding/Edlen Development Co. and Oregon Arena Corp. are proposing to redevelop Memorial Coliseum as a shopping center in Portland, OR. The joint venture would complete a $40 million renovation of the coliseum, creating the Urban Home Center, which would include 280,000 sq.ft. of retail space on the top and bottom floors, as well as two levels of parking with approximately 900 stalls. In addition to the retail conversion, a proposed 15,000 sq.ft. Veteran’s Memorial Urban Learning Center would be built adjacent to the Urban Home Center, with an entry pavilion on the new Veteran’s Memorial Park. Public facilities would include an Albina Head Start classroom and a 250-seat amphitheater. For more information, contact Gerding/Edlen Development Co., 1120 NW Couch Street, Suite 600, Portland, OR 97209; 503-299-6006, Fax 503-299-6703; Email: info@ge-dev.com; Web site: www.ge-dev.com. Or contact Oregon Arena Corp., 1 Center Court, Suite 200, Portland, OR 97227-2103; 503-235-8771.
Westfield America, Inc. is planning to expand the Roseville Galleria, a 1.1 million sq.ft. mall located in Roseville, CA. The company is proposing to add movie theaters. There has also been discussions by the company to expand the Nordstrom space. For more information, contact Westfield America, Inc., 11601 Wilshire Boulevard, 12th Floor, Los Angeles, CA 90025; 310-478-4456, Fax 310-478-1267; Email: leasing@westfield.com
Forest City Enterprises, Inc. and Lewis Retail Centers are developing Victoria Gardens, a 1.3 million sq.ft. center located at the northwest quadrant of U.S. Interstate Highway 15 and Foothill Boulevard in Rancho Cucamonga, CA. The project also includes 14 acres of peripheral outparcel retail and 20 acres of multi-family housing situated on a land area of 147 acres. The center will include more than 120 retailers and will be anchored by a 16-screen AMC theater, a two-level, 180,000 sq.ft. Macy’s, a two-level, 180,000 sq.ft. Robinson’s-May and a 132,000 sq.ft. JCPenney. The center also will include a 65,000 sq.ft. Victoria Gardens Cultural Center, which will house a library. The project will cost $152 million and is slated to open during the Fall. Cotenants include Coldwater Creek, Ecco, Rockport, Strasburg Children, Talbots, Abercrombie, Abercrombie & Fitch, American Eagle Outfitters, Anchor Blue, Ann Taylor Loft, Bath & Body Works, Body Shop, California Pizza Kitchen, The Children’s Place, Cinderella Accessories, Claire’s, Express, Finish Line, Hollister & Co., J. Stephens, Journeys, Kay Jewelers, La Salsa Fresh Mexican Grill, Lane Bryant, Luxury Perfumes, Mimi Maternity, Mrs. Fields Cafe, New York & Co., Pacific Sunwear, Rocky Mountain Chocolate Factory, Sporting Eyes, Victoria’s Secret, Wetzel’s Pretzels and Zales Jewelers. For more information, contact Nancy McCann, Forest City Enterprises, Inc., 1100 Terminal Tower, 50 Public Square, Cleveland, OH 44113-2203; 216-416-3004; Email: nancymccann@forestcity.net
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