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DEVELOPMENT DIGEST

New developments Sugar Land, Texas - Site work has begun on Town Center Lakeside retail park, a $70 million complex located in the 9,700-acre First Colony masterplanned community in Sugar Land, southwest of Houston. A 175,000 sq. ft. Super-Target will anchor the project, which also will include approximately 55,000 sq. ft. of in-line retail space and 20 acres of pad sites for sale or lease. The construction of SuperTarget is expected to begin in August with completion in July 2001. Town Center Lakeside is a development of locally based Sugarland Properties Inc.

St. Augustine, Fla. - Construction has begun on a 27,887 sq. ft. Publix supermarket at Town Center West, part of the $500 million multi-phased, mixed-use Saint Johns project in St. Augustine. Approximately 20,000 sq. ft. of retail space will be built adjacent to Publix, and four outparcels are planned. It is a joint development of Marsgold Inc., Ponte Vedra Beach, Fla., and Agora Developments LLC, Jacksonville, Fla. Both the Publix and the shops at Town Center West are scheduled to open in the fourth quarter of this year. The Saint Johns project includes commercial, retail, residential and recreation uses into one complex.

Los Angeles - Construction has begun on The Promenade at Howard Hughes Center, a 250,000 sq. ft. entertainment and retail project on 5.6 acres in Los Angeles. When completed in mid-November, it will feature a two-level, 18-plex Edwards Theatre and 3-D IMAX theater alongside themed restaurants, retail anchors and a collection of specialty restaurants and entertainment-related retailers. Tenants named to date include Borders Books & Music, Nordstrom Rack, On The Border, Islands restaurant, Prego restaurant and Johnny Rockets. A key retail component of the 70-acre Howard Hughes Center Master Plan, the entertainment center is a development of Los Angeles-based J.H. Snyder Co. It is a design of Irvine, Calif.-based McLarand, Vasquez & Partners and will salute 1940s Hollywood.

Redevelopments North Brunswick, N.J. - The redevelopment of the 128,000 sq. ft. North Village Shopping Center in North Brunswick is completed. Improvements to the center included a new facade and signage, redesigned parking lot and upgraded lighting and landscaping. The structure also was reconfigured to reduce its depth by 40 feet and increase the number of parking spaces. Chili's restaurant recently opened on a pad site, joining another new tenant, Barnes & Noble, which opened a 25,000 sq. ft. store at the center.

North Plainfield, N.J.-based Levin Management Corp. served as construction manager of the redevelopment and designed the new signage. North Village is owned by North Village Associates, also of North Plainfield.

Redwood City, Calif. - Plans are in the works for the redevelopment of On Broadway, a mixed-use building that is central to the revitalization of Redwood City's downtown retail district. The building occupies a full city block and combines spaces for retailers and restaurants that will anchor the existing businesses downtown. Century Theaters has committed to build a 20-screen theater on the second-level of the building. In total, approximately 80,000 sq. ft. of retail and restaurant space will be developed simultaneously with a new downtown parking structure.

The developer of the project is Western Innisfree Ventures, which is comprised of Western Properties Trust, Emeryville, Calif., and The Innisfree Cos., Sausalito, Calif. The two parties are working in cooperation with the Redwood City Redevelopment Agency. San Francisco-based Field Paoli will serve as the design architect and collaborate with project architects Fehlman LaBarre, San Diego. Construction is expected to begin in late 2000 with completion a year later.

Somerset, Pa. - Improvements have been completed at The Factory Shops at Georgian Place in Somerset. The changes were part of a redevelopment plan to make shopping more enjoyable for customers and provide new visibility for the center. Work included additional parking spaces near the center, improved lighting and landscaping, and the addition of a reflecting pond that will be converted into an ice skating rink in the winter. The 199,962 sq. ft. outlet center features 35 stores, including Polo Ralph Lauren, Brooks Brothers, Carter's Childrenswear, Corning Revere and Famous Footwear. The Factory Shops at Georgian Place is owned and operated by Chicago-based Horizon Group Properties Inc.

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