Retail Traffic

Projects & People

The Kraft Group is developing Patriot Place, a $350 million, 1.3-million-square-foot retail and entertainment complex in Boston, Mass. When completed Patriot Place will feature 80 stores and restaurants, a four-star hotel, a 500-seat jazz club, a sport medicine clinic, a movie theater and a museum. The project is scheduled for completion in the fall of 2008.

Trademark Property Co. received approval for the construction of River Plaza, a 320,000-square-foot mixed-use project in Fort Worth, Texas. When completed, the project will include 100,000 square feet of retail and restaurant space, a 135-room hotel and an office. The project is scheduled for completion in 2010.

Perkowitz+Ruth Architects appointed Nick Frankart as CFO. Frankart will be the first CFO in the firm's 28-year history. He joined Perkowitz+Ruth in 2004, as controller.

Developers Diversified Realty Corp. appointed Timothy Lordan as vice president of fund management. In his new position, Lordan will be responsible for the management, operations and transactional activity of the company's institutional investment funds. He has eight years of experience in corporate finance and investor relations. Prior to joining Developers Diversified, Lordan worked for the Rouse Co.

Abernathy Development Partners broke ground on Abernathy 400, a $270 million mixed-use project in Sandy Springs, Ga. When completed, the development will feature 550,000 square feet of office space, 20,000 square feet of retail and a 400-room hotel.

Hopkins Real Estate Group received approval from the Redlands City Council for the development of Redlands Promenade, a 150,000-square-foot shopping center in Redlands, Calif. Construction is scheduled to begin in the first quarter of 2008.

Faison will develop Logan Village, a 650,000-square-foot shopping center in Loganville, Ga. The project is scheduled for completion in the summer 2009.

CB Richard Ellis/New England appointed Lauren Phelan Lipscomb as vice president with its downtown brokerage team. Prior to joining CB Richard Ellis, Lipscomb served as a leasing representative with Boston Properties.

Atlantic Development Group and Boricua College received approval from the City of New York for Boricua Village, a 4.5-acre mixed-use development in the Bronx. When completed, the project will contain 50,000 square feet of retail and 750 residential units, as well as a 120,000-square-foot tower for Boricua College. Boricua Village is scheduled to break ground in September 2007.

ING Clarion Partners, LLC appointed David Gilbert as managing director and portfolio manager of ING Real Estate's new global opportunity platform. Prior to joining ING Clarion, Gilbert served as managing director with JP Morgan Real Estate.

Jones Lang LaSalle Inc. elected David B. Richard as a member of its board of directors. He will serve as an independent, non-executive director on the Jones Lang LaSalle board, and will also sit on the audit committee and the nominating and governance committee. Pickard is executive vice president, CFO and CAO of CVS Caremark Corporation.

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