Retail Traffic


New developments

Richmond, Va. — Bloomfield Hills, Mich.-based Taubman Centers is developing Fashion Park at Stony Point, a 650,000-sq.-ft., open-air lifestyle center. Anchored by Dillard's, the center will open in fall 2003.

BaltimoreLockwood Associates, a partnership of A&R Development, Parkway Corp. and Kravco Co., is developing Lockwood Place. The mixed-use complex, located downtown across from the city's aquarium, will include 125,000 sq. ft. of upscale retailers and restaurants with storefronts on three levels facing Pratt Street and Market Place. Construction on Lockwood Place began this year, and is scheduled for completion in fall 2002.

Los AngelesRobertson Property Group is developing Dome Entertainment Center, a $100 million, three-level retail and entertainment destination on Sunset Boulevard in Hollywood. Anchored by Pacific Theatre's historic Cinerama Dome — a 70-ft. concrete geodesic dome that acts as a movie house — the project will also include an adjacent 14-screen Pacific Theatre multiplex, inline shops, restaurants and a health club.

A seven-level, 1,700-space public parking structure owned by the L.A. Community Redevelopment Agency will serve the 210,000-sq.-ft. center and the surrounding neighborhood. Gensler serves as architect and OCAmerica serves as general contractor for the project, which will open in first quarter 2002.

Hyattsville, Md. — Belcrest Center, a large-scale, mixed-use complex at Washington Metropolitan Area Transit Authority's Prince George's County Plaza station, is under development by Miami-based Taylor Development & Land Co. The development's first phase will include a 165,000-sq.-ft., two-level retail center. Phase II will consist of 300,000 sq. ft. of office space, while Phase III will include the addition of 240 residences. The Washington, D.C. office of Dorsky Hodgson + Partners is designing Belcrest Center, which is still undergoing site plan approval.

Eden Prairie, Minn.North American Communities is partnering with North American Properties of Minneapolis to develop a lifestyle/town center project near the city's Southwest Station transit center. Scheduled to break ground this year, the project will include 60,000 sq. ft. of retail, restaurant and office space to support 250 apartment homes. Planning and approval for the project will be a joint effort between public, private and neighborhood groups of Eden Prairie.

Long Beach, Calif. — Lowe's Home Improvement, Wal-Mart, Ross Dress for Less and Marshalls will anchor Phoenix-based Vestar Development Co.'s Pico Rivera Towne Center. The 630,000-sq.-ft. power center is a portion of the larger Pico Rivera business center, which encompasses 200 acres. Designed by architecture firm Leidenfrost-Horowitz, the center is scheduled for completion in summer 2002.


Lakewood, Colo. — The 100-acre site currently occupied by the 1.5 million-sq.-ft. Villa Italia mall is being redeveloped by Continuum Partners. The site will be home to Belmar — a mixed-use “downtown” including 3.3 million sq. ft. of retail, office and residential components and 2.5 million sq. ft. of parking structures.

Phase I of the redevelopment will include a 1 million-sq.-ft., Main Street environment, 70% of which will be retail. Continuum Partners is currently pursuing deals with two department stores, a multi-screen theater, a grocery store and several specialty shops to anchor the project. Boston-based Elkus/Manfredi Architects Ltd. is performing master planning and design services for Belmar, which is scheduled to break ground in first quarter 2002 and be completed in a span of five to 10 years.


Natick, Mass. — Farmington, Conn.-based Konover Construction Corp. is managing the unique expansion of Jordan's Furniture Co., a chain known for incorporating entertainment into its stores. In addition to building an IMAX theater component for the Natick store, Konover is constructing a 36,000-sq.-ft. addition that will allow customers to walk down “Bourbon Street,” complete with a riverboat, full-scale French building façades, a multimedia Mardi Gras f/x show and a “Streetcar Named Dessert” — an actual streetcar where ice cream is sold. The expansion is scheduled for completion in spring 2002.

Houston — Construction is underway on Phase II of The Ainbinder Co.'s The Centre at River Oaks. Phase II will consist of 25,000 sq. ft. of street level retail and 25,000 sq. ft. of loft office space on the second level and an adjacent, three-level parking structure. Anchored by Chase Bank and Fleming's Steakhouse, Phase II will open in first quarter 2002. The Centre at River Oak's first phase, which opened last year, is anchored by Whole Foods and Borders.

Major tenant happenings

Redondo Beach, Calif. — The Home Depot's Expo Design Center division opened a 93,702-sq.-ft. store adjacent to Forest City Enterprises' 1 million-sq.-ft. The Galleria at South Bay this month. Expo Design Center also plans to open another location in Westwood, bringing its California store inventory to nine locations. The Galleria at South Bay's anchor lineup also includes Nordstrom, Robinsons-May and Mervyn's.

Chattanooga, Tenn. — Galyan's is adding a two-level, 81,500-sq.-ft. store to CBL & Associates Properties' 930,000-sq.-ft. Meridian Mall. The regional enclosed center is at the tail end of an extensive redevelopment that included the addition of an 82,000-sq.-ft. Jacobson's, a 30,000-sq.-ft. Bed Bath & Beyond, a 500-seat food court, an expanded, 152,000-sq.-ft. Marshall Field's and a 24,000-sq.-ft. Schuler's Books.

Inverness, Fla. — The U.S. military is beefing up its leased space at Citrus Center, a 142,786-sq.-ft. community project owned and operated by Ann Arbor, Mich.-based McKinley Associates Inc. The U.S. Army Corps of Engineers, which currently leases 1,200 sq. ft. at the center, will expand by another 900 sq. ft. to include additional office space for the U.S. Marine Corps and a U.S. Air Force recruiting station. Citrus Center is anchored by Winn-Dixie, Regal Cinemas and Wal-Mart and includes inline tenants such as Sears Hardware, Dollar General and Payless Shoes.

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