Retail Traffic

Development Digest

RENOVATIONS * Atlanta - Exterior renovation work recently was completed on Greenbriar Mall in southwest Atlanta. Work included the addition of decorative steel canopies with fabric awnings, the incorporation of a "stone look" finish accented by a porcelain tile base, and facelifts on the mall's exterior storefronts. In addition, decorative steel work and a new signage program enhance the visibility of the mall entrances. LAM Design, Atlanta, designed and supervised the project. Greenbriar Mall is owned and managed by Dallas-based Lehndorff USA Cos. Anchors include Burlington Coat Factory and Magic Johnson Theatres.

An exterior renovation recently was completed at Greenbriar Mall in Atlanta. The project, owned by The Lehndorff USA Cos., Dallas, included new mall entrance signage.

* Watertown, Mass. - A major renovation that included a redesign of the main entrance, new exterior facade, signage and a totally new look on the interior recently was completed at Watertown Mall in Watertown. Interior work featured new skylights, ceilings, lighting, flooring and amenities. The mall, which was built in 1975, is owned by Watertown Mall Associates L.P. and managed by Jericho, N.Y.-based Rosen Associates Management Corp. Great Neck, N.Y.-based Myer Mancino was the architect on the project, and Boston-based Kay Construction was the general contractor.

* Harrisburg, Pa. - Renovation work recently was completed on Strawberry Square in downtown Harrisburg. The owner of the building, Harristown Development Corp., Harristown, hired Philadelphia-based Kise Straw & Kolodner architects, planners and historians to restore the deteriorated facade of the 1978 landmark office and retail complex. More than 90 of the original panels were removed, and the facade was covered with a raincoat-like, curtain-wall cladding of Alucobond. The gray coloring of the new paneling complements the neighboring state Capitol's limestone facade. Other work included the use of glass and lights to brighten the building, a consistent theme of strawberries, and a color scheme of blues, purples and pinks. Some of the tenants in the 100,000 sq. ft. retail portion of the center include B. Dalton Bookseller, Eckerd Drugs, Strawberry Patch, RadioShack and a number of food court tenants.

NEW DEVELOPMENT * Laguna Niguel, Calif. - Construction is nearing completion on Laguna Niguel Promenade, a 153,381 sq. ft. community shopping center in Laguna Niguel. Anchored by a 54,684 sq. ft. freestanding Ralphs grocery store and a 58,867 sq. ft. Orchard Supply Hardware store, the center also features approximately 40,000 sq. ft. of shops. Grand opening is set for May.

Designed by Costa Mesa, Calif.-based William Mason and Associates, the retail shops will feature a rough stucco facade and red tile roofs. The center is being developed by Atlanta-based Cousins MarketCenters. Whittier, Calif.-based Oltmans Construction Co. is the general contractor for the project.

* Hagerstown, Md. - Construction is under way on the Outlet Village of Hagerstown at the northwest corner of Interstate 70 and Route 65 outside Hagerstown. The three-phase project of Baltimore-based Prime Retail is expected to include 410,000 sq. ft. of retail space upon total buildout. Phase I will house approximately 50 outlet stores in 210,000 sq. ft. of space when it opens this summer.

Similar to other Prime Retail centers, the Outlet Village of Hagerstown will be constructed in a village style, with rows of shops divided by courtyards. The center also will include a children's playground and food court.

* New York - Development work is under way on a $15 million, 63,000 sq. ft. economic development project in the East Harlem section of New York. A 50,300 sq. ft. Pathmark store will anchor the center and is the first major supermarket to be built in East Harlem in two decades. It is expected to be completed this fall. The development adviser for the project is GR2D, a real estate venture that includes Bronx, N.Y.-based Gabriel Associates as well as GR2D and The Hutensky Group, both of Hartford, Conn.

* Salem, N.H., and Everett, Mass. - Cleveland-based Developers Diversified Realty Corp. and Miami-based Rosen Associates Development Inc. are teaming up in Salem to develop a 170,500 sq. ft. shopping center and in Everett to develop a 650,000 sq. ft. power center.

Construction will begin in early spring on The Village Shoppes of Salem in Salem with a completion estimated for spring 1999. Anchors include Comp USA, Babies "R" Us, PetsMart and MVP Sports. Ground is scheduled to be broken this summer on Gateway Center in Everett with completion set for summer 1999. Anchors that have been announced include Shaw's Supermarket, OfficeMax and PetsMart.

MAJOR TENANT OPENINGS * Atlanta - The first Nordstrom store in the Southeast opened last month at Perimeter Mall in Atlanta. The 230,000 sq. ft., three-level store features three eateries and five shoe departments, as well as a number of customer specialty services including Spa Nordstrom, shoe shine, complimentary personal shopping service, in-store concierge and live piano music during store hours. In addition to the new department store, several specialty retailers have already joined or will join the tenant lineup in the Nordstrom wing. Some of them include J. Crew, Jordan Marie, Sunglass Hut, Watch Station, Paper Affair, Shaw Salon, Kenneth Cole Reaction, Erwin Pearl, Clarkes Shoes, The Civilized Traveller and High Country Outfitters.

Perimeter Mall also has a new parking deck, which opened in November. Two bridge walkways connect the deck to Nordstrom and Rich's, another of the mall's anchors. Macy's and JCPenney along with 185 specialty shops round out the tenant mix at the 1.45 million sq. ft. center. Perimeter Mall is owned by Perimeter Mall Inc., an affiliate of The Rouse Co., Columbia, Md., and Rodamco North America, The Netherlands, whose exclusive U.S. adviser is Atlanta-based CGR Advisors.

REDEVELOPMENT * Lansing, Mich. - Construction is expected to start this month on the redevelopment of Frandor Mall in Lansing. A substantial portion of the existing center, originally built in 1954, will be torn down to make way for new tenants including Comp USA, Cost Plus and Linens 'N Things. Kroger also will remodel. The grand reopening is slated for May 1999. Farmington Hills, Mich.-based Lormax Stern Development Co. is handling the project.

* Irving, Texas - Simon DeBartolo Group Inc., Indianapolis, plans to redevelop Irving Mall, a 1.1 million sq. ft. superregional mall in Irving. Preconstruction has begun for General Cinema Theatres, which is consolidating from two mall locations to a single, 14-screen cinema. The cinema as well as two full-service restaurants are scheduled to open during this year's holiday season. Additional tenants such as Old Navy Clothing Co. and Barnes & Noble will open this spring.

CENTER OPENINGS * Cortlandt, N.Y. - The first phase of Cortlandt Town Center, a 772,000 sq. ft. power center developed by Chattanooga, Tenn.-based CBL & Associates Properties Inc., recently opened in Cortlandt (Westchester County). Located at the site of the former West- chester Mall, the center is anchored by Home Depot, HomePlace, Steinbach's, Barnes & Noble, Modell's Sporting Goods, Old Navy Clothing Co., A&P Supermarket, OfficeMax, Jo-Ann Fabrics, Frank's Nursery and Party City. Other major retailers, including Marshalls, PetsMart, United Artists Theater and Wal-Mart, will open this year. In addition to the anchors, the center contains more than 162,000 sq. ft. of small-shop space.

EXPANSIONS * Bonita Springs, Fla. - Phase II of the Shoppes at Pelican Landing recently was completed in Bonita Springs. An additional 20,000 sq. ft. of retail joined Phase I of the project, which is anchored by a 37,200 sq. ft. Publix supermarket and also features 19,000 sq. ft. of additional retail space. Maitland, Fla.-based Keene Construction Co. is the contractor. The center is owned by Jim Nashman and Richard Lauer of Bonita Springs.

* Henderson, Nev. - Work is under way on the development of Phase II of Pebble MarketPlace, a $12 million neighborhood shopping center located in the masterplanned community of Green Valley in Henderson. The 50,000 sq. ft. second phase is scheduled for completion in June. Smith's Food and Drug currently anchors the 160,000 sq. ft. center, and other tenants include Starbucks Coffee, Coldstone Creamery, Pizza Hut, Manhattan Bagel, Rubio's Baja Grill and Zuka Juice. Henderson-based American Nevada Corp. is the developer of the project, and Las Vegas-based MCG Architects is the project architect.

Plans also are in the works for Phases III and IV, which will feature a number of different uses, including three hotels and 120,000 sq. ft. of additional mixed-use retail components when complete.

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