New developments
Macedonia, Ohio Suburban Cleveland is the setting for the development of Northfield Crossing, a 381,850-sq.-ft. power center that will be anchored by Lowe's, Target and Giant Eagle. A development of Pepper Pike, Ohio-based DeBartolo Property Group, Northfield Crossing, which opens in 2002, also features 14 peripheral acres available for freestanding retail.
San Francisco The local port commission recently awarded Arlington, Va.-based The Mills Corp. exclusive negotiating rights for the development of 19 acres of waterfront piers on San Francisco Bay. Mills plans to partner with the YMCA of San Francisco to build a 900,000-sq.-ft., mixed-use recreation venue.
Tentatively called The Piers, the project will include 150,000 sq. ft. of retail and dining and 200,000 sq. ft. of Class-A office space. The remaining 300,000 sq. ft. will consist of YMCA recreation facilities that will be open to the public, including rock climbing facilities, a skate park, two swimming pools and an array of water and sailing activities. The Piers will open in 2004.
Jackson, Miss. Dogwood Festival Market, a 304,000-sq.-ft. specialty center, is set to open in spring 2002. A development of Montgomery, Ala.-based Aronov Realty Management, the center will be Mississippi's first lifestyle center. Tenants will include department store anchor McRae's, Borders Books & Music, Old Navy, Linens N Things, AnnTaylor Loft, Gap, Victoria's Secret, Kirkland's, and The Children's Place. Dogwood Festival Market is being designed by Birmingham, Ala.-based Crawford McWilliams Hatcher.
Christiana, Del. Philadelphia based PREIT is embarking on Phase II of its Christiana Retail Center, which entails the construction of a power center adjacent to the 300,000-sq.-ft. regional Christiana Mall. The new, 275,000-sq.-ft. center will be anchored by Target and The Home Depot Expo. Additional big-box retailers are being recruited to join the center. The proposed opening date is October 2002.
Monrovia, Calif. Redevelopment plans for the city's struggling downtown include a recently completed 12-screen Krikorian Premiere Theatres complex. The 60,640-sq.-ft. theater features 3,027 stadium seats and an IMAX theater. Built by Costa Mesa, Calif.-based Birtcher Construction Services and designed by Santa Monica, Calif.-based Gensler Architects, the theater is the cornerstone for a masterplan that will bring new retailers, restaurants and office buildings to downtown.
Redevelopments
Newark, N.J. A $160 million redevelopment plan is set to transform downtown Newark into a round-the-clock neighborhood. Parkside Associates, a consortium of three Pennsylvania-based companies Kravco Co., Dranoff Properties and Universal Cos. will handle the project, which will include the renovation of the city's former Hahnes department store and Griffith Piano Co. buildings. Upon completion, the development will include 180,000-sq.-ft. of streetfront retail, including a portion dedicated to live entertainment venues.
Edina, Minn. Southdale Center, the United States' first enclosed mall, is undergoing a $30 million expansion that will reposition the center as an entertainment center. The center's development team says Southdale will become a dinner and a movie destination after the addition of a 16-screen MegaStar Cinemas, scheduled to open in December, and several restaurant chains including P.F. Chang's China Bistro.
Several of Southdale's tenants, including Bath & Body Works, Express, Foot Locker, Godiva Chocalatier and Victoria's Secret, are undergoing significant prototype remodeling to keep pace with the changing center. A special wing targeting the Gen-Y demographic will comprise the center's third floor. The 1.6 million-sq.-ft. center is managed by Atlanta-based Jones Lang LaSalle/Retail Americas.
Wauwatosa, Wis. Chicago-based General Growth Properties' Mayfair Mall will undergo a complete renovation and remodeling by adding 110,000 sq. ft. on its first and second levels to accommodate 30 to 40 new tenants. Plans include almost doubling the number of food court seats from 550 to 900.
The second-level expansion will include teen and women's fashions, children's merchandise and home furnishings. Another 25,000 sq. ft. of space will be dedicated to a streetscape design spanning the front of the mall. The entire expansion project is due for completion this month.