Retail Traffic

Development Digest

New development Chandler, Ariz. - Construction is under way on Chandler Pavilions, a 167,000 sq. ft. power center in Chandler. The $18 million project, expected to be completed this fall, is a project of Phoenix-based Opus West Corp. Major tenants, expected to be open in time for the holiday season, will include Toys "R" Us, Borders Books, Golfsmith, CompUSA, and Bed, Bath & Beyond.

The power center will be part of a 150-acre, mixed-use project called Chandler Marketplace that also will feature a specialty retail plaza as well as office and hotel space. Pads already have been sold for Sam's Club and Home Depot.

Philadelphia - Plans are in the works for PhillyWalk, a new urban entertainment/retail center located along the waterfront north of the Ben Franklin Bridge in downtown Philadelphia. Phase I of the 2.3 million sq. ft. site will total 270,000 sq. ft. and include a General Cinema multiplex theater as well as restaurant, retail and entertainment venues. Subsequent phases will include a 500-room hotel and approximately 1.7 million sq. ft. of office space. The project, expected to get under way by year's end with completion planned for early 2000, is a development of Waterfront Renaissance Associates, a Pennsylvania-based limited partnership that is an affiliate of the New York-based investment firm of Carl Marks & Co. Inc. PhillyWalk is being designed by the Los Angeles office of Santa Monica, Calif.-based Gensler in conjunction with Philadelphia-based architects Alesker, Reiff & Dundon.

Murfreesboro, Tenn. - Murfreesboro-based Phoenix Associates has several new projects under way throughout the South. The Towne Centre of Murfreesboro will be a 425,000 sq. ft. shopping complex anchored by Target, T.J. Maxx, Books-A-Million, Toys "R" Us and Lowe's Home Improvement. It is under construction with completion set for this fall. The company also is developing Patton Station in Asheville, N.C. The 200,000 sq. ft. center, expected to be completed in early spring 1999, will feature Lowe's Home Improvement and an as-yet-unnamed grocery store. Both projects are being developed in partnership with Atlanta-based JDN Realty Corp.

In addition, Phoenix Associates is developing Fairfield Center in Cleveland, Tenn. The 200,000 sq. ft. retail complex will include Lowe's Home Improvement, Sun TV and Factory Card Outlet when it is completed in mid-1999.

Barceloneta, Puerto Rico - Ground was broken last month on The Outlet Village of Puerto Rico in Barceloneta, which is about 35 miles west of San Juan. The center will be built in three phases and total 425,000 sq. ft., including outparcels. The 175,000 sq. ft. first phase will include approximately 50 stores. It is Baltimore-based Prime Retail's first outlet center project outside the continental United States. Similar to the company's other centers, the village-style project will feature a children's playground and enclosed food court. Grand opening is planned for summer 1999.

Fairborn, Ohio - Construction will begin in August on The Shoppes at Valle Greene, a 100,000 sq. ft., Kroger-anchored shopping center in Fairborn. The project is a joint effort of Oberer Development Co. and its wholly owned subsidiary Gold Key Realty, both based in Dayton, Ohio. The center will be part of a mixed-use office, retail and commercial park known as Valle Greene North.

Orlando, Fla., and Morganton, N.C. - Chattanooga, Tenn.-based CBL & Associates Properties Inc. has begun construction on Sand Lake Corners in Orlando and Fiddler's Run shopping center in Morganton. Sand Lake Corners is a 600,000 sq. ft. power center that will be anchored by Wal-Mart SuperCenter, Lowe's, PetsMart and up to five additional major tenants, plus approximately 35,000 sq. ft. of small shop space. The center, expected to open in the first half of 1999, is part of South Park, a 1,000-acre, mixed-use business park.

Fiddler's Run is a 200,000 sq. ft. community center that will be anchored by Belk, JCPenney, Goody's and two additional anchors, plus approximately 30,000 sq. ft. of shop space and five outparcels. It is scheduled to open in March 1999. Fiddler's Run was designed by Artech Design Group Inc., and the general contractor for the development is EMJ Corp., both based in Chattanooga.

Atlanta - Construction is under way on Lenox Courtyard, a 420,000 sq. ft. retail and entertainment complex in Atlanta. Target, Publix and Galyan's Trading Co. are the first anchors to join the tenant roster, which will mix traditional community shopping center tenants with upscale urban entertainment destinations. The center is owned by Atlanta-based Jamestown and is being developed by The Sembler Co., St. Petersburg, Fla. It is scheduled to open in early summer 1999.

Designed by Atlanta-based Ozell Stankus Ogram Architects, Lenox Courtyard will comprise two single-occupancy buildings for Publix and Target, and a three-level retail/entertainment center, which will house Galyan's and approximately 90,000 sq. ft. of specialty retailers and restaurants. The retail buildings will surround an eight-level parking garage.

Bradley, Ill. - Expansion work is expected to be completed next month on Water Tower Plaza in Bradley. Phase II, which includes an additional 50,511 sq. ft. of space plus two as-yet-unnamed outparcels of 31,360 sq. ft. each., will be anchored by Marshalls and Michaels and feature 3,400 sq. ft. of specialty shop space. They will join existing tenants Barnes & Noble, Staples, Factory Card Outlet and MC Sports in the 140,000 sq. ft. center, which is located adjacent to an existing Target store. Water Tower Plaza is owned by an affiliate of Lake Bluff, Ill.-based Pine Tree Commercial Realty LLC.

Expansions Mississauga, Ontario - Construction began in May on a 300,000 sq. ft. expansion of Square One in downtown Mississauga. The two-level addition, with cinemas on a third level, will increase the size of the center to 1.7 million sq. ft. when it is completed in fall 1999. New tenants will include a 10-screen Cineplex Odeon Theatre complex, Rainforest Cafe, Savoia Mercato Italiano restaurant, Chapters, and Roots superstore. The expansion project will be coupled with a refurbishment of the existing center, including new entrances and interior improvements, that is scheduled to be completed by August 1999. Square One, which is anchored by The Bay, Eatons, Sears and Wal-Mart, is owned by Hammerson Canada Inc., a wholly owned subsidiary of London-based Hammerson plc.

Myrtle Beach, S.C. - Work is expected to be completed this month on a $10 million expansionand facelift of Waccamaw Factory Shoppes, formerly Shoppes at Waccamaw, in Myrtle Beach. The project will add more than 57,000 sq. ft. of retail space to the nearly 1 million sq. ft. complex, which comprises three separate malls. Liz Claiborne and her plus-size counterpart, Elisabeth, will anchor the addition. The center is managed by Peoria, Ill.-based VT Development Corp.

Independence, Mo., and Omaha, Neb. - Indianapolis-based Simon DeBartolo Group has renovations under way at Independence Center in Independence and Crossroads Mall in Omaha. Both projects are expected to be completed in November.

Renovations The Independence Center project will showcase a new food court area, new exterior entrances, a centrally located feature elevator, six pairs of new escalators, enhanced lighting, new flooring and ceiling treatments, and other amenities. A children's soft-play area also is planned adjacent to the new food court and existing double-decker carousel. Concurrent with the renovation, the center will welcome several new retailers, including The Disney Store, Eddie Bauer and Journeys. At nearly 1 million sq. ft. in size, Independence Center is anchored by Dillard's, The Jones Store Co. and Sears.

At Crossroads Mall, renovation plans include a complete redesign and expansion of the food court, main entrance and restrooms. In addition, it will feature enhanced lighting, new flooring throughout, new color scheme, directional signage, and amenities such as benches and planters. Anchored by Sears, Dillard's, Younkers and Barnes & Noble, Crossroads Mall totals just under 900,000 sq. ft. in size.

St. Petersburg, Fla. - Gateway Mall in St. Petersburg will get a new lease on like thanks to a $20 million redevelopment project under way at the center. Plans call for most of the former mall - built in 1957 - to be demolished with the exception of Upton's, which will remain open as it undergoes major interior and exterior remodeling. Approximately 350,000 sq. ft. of new retail space will be constructed on the site with completion set for March 1999. In addition to Upton's, existing tenants include Publix and Eckerd Drugs. The developer of the project is Atlanta-based MetroGroup Development; Atlanta-based Branch Capital Partners LP owns the mall.

Redevelopments San Diego - Work is under way on Mission Valley West, a 202,000 sq. ft. retail center in San Diego being redeveloped into a power center. The majority of tenants will be opening in October with some following in spring 1999. Commitments include Gateway Computer, Golfsmith, Borders Books, Marshalls, Old Navy Clothing Co., Just For Feet, Koo Koo Roo and The Gordon Biersch Brewing Co. Los Angeles-based Westfield America Inc. owns Mission Valley West.

Cheektowaga, N.Y. - Buffalo, N.Y.-based Benderson Development Co. Inc. is redeveloping Thruway Plaza in Cheektowaga. The plaza, formerly an enclosed mall, will be turned into a power center featuring Wal-Mart, Value City Furniture and two other anchors. Wal-Mart opened in January, and the remaining stores will open in spring 1999.

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