Retail Traffic

Development Digest

NEW DEVELOPMENTS Troy, Mich. - Plans are in the works for Troy Market Place, a 250,000 sq. ft. shopping center in Troy. Anchors includes Nordstrom Rack, Linens 'N Things, R.E.I. and Organized Living. Expected to be completed in second quarter 2000, it is a project of Farmington Hills, Mich.-based Lormax Stern Development Co.

Scottsdale, Ariz. - Construction has begun on Promenade Shopping Center, a $100 million, 87-acre development in north Scottsdale. The Pederson Group, Phoenix, is developing the 860,000 sq. ft. upscale project, with the first stores expected to open by year-end. Phase I tenants, many of which are new to the area, will include The Great Indoors, Lowe's Home Improvement, Zany Brainy, Old Navy, Cost Plus, Michaels, Ulta 3, PetsMart, OfficeMax, Bed Bath & Beyond and KB Toys. Restaurants signed include Gordon Biersch, Mondo's, La Madeleine, T.G.I. Fridays and Redfish Seafood Kitchen.

Phase II of the development will be a 150,000 sq. ft., two-level lifestyle center, expected to get under way in late 1999 and be designed in a village-like setting. Tenant commitments include The Gap, The White House/Black Market, Traditions Ltd., Casuali's and Prestige Collections.

Plano, Texas - Construction has begun on The Shops at Willow Bend, a 1.5 million sq. ft. shopping center in Plano. Being developed by Bloomfield Hills, Mich.-based Taubman Centers Inc., the mall will feature Neiman Marcus, Saks Fifth Avenue, Lord & Taylor, Foley's and Dillard's along with approximately 200 specialty shops, restaurants and services. The project is being done in phases with Foley's and Lord & Taylor opening in fall 2000, Neiman Marcus, Dillard's and the specialty shops debuting in fall 2001, and Saks Fifth Avenue completing the anchor lineup in 2004.

The Shops at Willow Bend will feature a Prairie-style design combining warm, elegant materials and simple lines. Interior customer amenities will include a lobby lounge, cappuccino court and dual information areas. It is being designed by Farmington Hills, Mich.-based JPRA. Surface parking as well as valet parking will be available. Also on the shopping center's 100-acre site will be approximately 26 acres of complementary service, including restaurant, retail and office development.

Smithfield, N.C. - Cary, N.C.-based Konover Property Trust is developing a 90,000 sq. ft. shopping center in Smithfield. Carolina Outlet Center is being built adjacent to the company's existing Factory Stores of America outlet center. It will house 12 new stores, including Tommy Hilfiger and Reebok. Completion is expected in time for the holiday season.

Dallas - Construction is under way on the retail phase of Galleria North, a 15-acre, multi-use development located at the northwest corner of Noel and Alpha roads, just north of the Galleria shopping center in Dallas. Scheduled to open in late fall, the 112,000 sq. ft. street retail development will feature a home furnishing theme and include Crate & Barrel, Restoration Hardware, The Container Store, Starbuck's Coffee, Z Gallerie and Mondo's Restaurant. Houston-based Hermes Reed Architects is designing the lifestyle center in a way that allows each tenant to custom design its store in order to maximize individuality. It is a development of Houston-based Hines, which owns and manages the Dallas Galleria. The new project will be one of three phases of Galleria North, which also will feature 700,000 sq. ft. of office space in two buildings and a hotel.

CENTER OPENINGS Norfolk, Va. - MacArthur Center, an enclosed, three-level superregional mall in historic downtown Norfolk, opened in March. The nearly 1 million sq. ft. center is anchored by Nordstrom and Dillard's and features a strong entertainment component that includes themed restaurants; a children's play area; an 18-screen cinema megaplex; Jeepers!, an indoor amusement park; and two cappuccino bars. Tenants, many of which are new to the area, include Cheesecake Factory Bakery Cafe, Field of Dreams, Mr. Rags, Discovery Channel Store, People's Pottery, Timberland, Waves, Z Gallerie, Brookstone, Chico's, Godiva Chocolatier, Johnny Rockets, Papyrus, Pottery Barn, Rainforest Cafe, Restoration Hardware and Stride Rite. MacArthur Center is a development of Bloomfield Hills, Mich.-based Taubman Centers Inc. and The Conroy Development Co., Greenwich, Conn.

Bartlett, Ill. - Stearns Crossing, a 100,000 sq. ft. strip center, recently opened in Bartlett. Anchored by a 65,687 sq. ft. Dominick's Fresh Store, the center includes approximately 20 other retail stores. Tenants include Cigarettes Cheaper, Fannie Mae Candies, Tanning Salon, Sears Optical, GNC, Cost Cutters and Regency 1-Hour Photo. It is a development of Wheaton, Ill.-based Great Lakes Principals.

MAJOR TENANT HAPPENINGS Bloomington, Minn. - Barnes & Noble Inc. opened its superstore concept in March at Mall of America in Bloomington. The 30,000 sq. ft. store, located on the first level between Sears and Bloomingdale's, stocks more than 175,000 different books, 30,000 CDs and cassettes, 2,000 video titles, a children's department and cafe. Mall of America is managed by Indianapolis-based Simon Property Group.

Schaumburg, Ill. - Loews Theatres plans to open a 20-screen theater complex at The Streets of Woodfield, a 650,000 sq. ft. retail and entertainment center being developed in Schaumburg. The theater, scheduled to open in early winter 1999, will anchor "Theatre Way," the entertainment-oriented thoroughfare at the southernmost position of the project. Loews will join Galyan's, Maggiano's/Corner Bakery, GameWorks and Dick Clark's AB Diner. The Streets of Woodfield is being developed by McCaffery Interests Inc. and City Center Retail Trust, both based in Chicago.

Atlanta - Several retail anchors have been named for Marketplace at Mill Creek, an $84 million mixed-use project being developed in Gwinnett County, a northern suburb of Atlanta. Toys 'R' Us, Linens 'N Things, Michaels, OfficeMax, Borders Books, PetsMart and Pier 1 Imports will anchor Phase I of a 541,000 sq. ft. power center on the site. It is scheduled to open in late 1999 along with the nearby Mall of Georgia. Phase II, which will feature six major tenants, is expected to open in summer 2000. In addition to the retail component, Marketplace at Mill Creek will include an upscale apartment community, five hotels and four outparcels, including T.G.I. Fridays. It is a development of North American Properties-Atlanta, an affiliate of Cincinnati-based North American Properties Inc.

Vicksburg, Miss., and Mobile, Ala. - Major tenants recently were named for two shopping centers in Vicksburg and Mobile. Dillard's department store will join Pemberton Square in Vicksburg this fall. The approximately 100,000 sq. ft. store will replace Wal-Mart at the 350,000 sq. ft. regional mall that also is anchored by JCPenney and McRae's. Also, Staples will be opening a location this fall at Springdale Mall, a 984,417 sq. ft. regional mall that is being renovated in Mobile. The 24,048 sq. ft. office superstore will join Dillard's, McRae's, Toys 'R' Us, Carmike Cinemas and Goody's as anchors. Both shopping centers are owned by Chattanooga, Tenn.-based CBL & Associates Properties Inc.

Cleveland - A number of major tenants recently opened at shopping centers owned by Cleveland-based Developers Diversified Realty Corp. PetsMart opened a 26,040 sq. ft. store at Merriam Town Center in Merriam, Kan., and a 19,057 sq. ft. store at The Family Center at Riverdale in Riverdale, Utah. Talbots Outlet opened a 12,000 sq. ft. location at Uptown Solon in Solon, Ohio. Office Depot joined The Family Center at Orem in Orem, Utah, with a 33,225 sq. ft. store. And at Macedonia Commons in Macedonia, Ohio, Cinemark Theater opened a 56,000 sq. ft., 17-screen movie complex. In addition, Wal-Mart opened a 66,300 sq. ft. store at Berlin Mall in Berlin, Vt.

Katy, Texas - Five new, major tenants recently were announced for Katy Mills, a 1.6 million sq. ft. shopping and entertainment complex under construction in Katy, located 25 miles west of downtown Houston. They include a 35,000 sq. ft. Bed Bath & Beyond home furnishing superstore; a 22,000 sq. ft. Benetton Sportsystem store, featuring accessories of Benetton, sports equipment, European-style cafe and skate park; a 100,000 sq. ft. Burlington Coat Factory store; a 25,000 sq. ft. FYE (For Your Entertainment) store, featuring music, video and electronics with a kid's department and arcade; and Jillian's, a 50,000 sq. ft. entertainment venue with dining, dancing, electronic simulation games and billiards.

Other anchors at the project, scheduled to open in late October, include AMC Theatres, Bass Pro Shops Sportsman's Warehouse, Books-A-Million, Boot Town Inc. and Rainforest Cafe. Katy Mills is a joint development of The Mills Corp., Arlington, Va., and Kan Am, a Munich, Germany-based investment advisory company. The Dallas office of RTKL Associates Inc. designed the center in conjunction with the firm's ID8 studio in Baltimore.

State College, Pa. - A new Kaufmann's department store recently opened at Nittany Mall in State College. The 95,000 sq. ft. store replaced Value City at the 525,000 sq. ft. mall. It joins Sears, JCPenney and The Bon-Ton as anchors for the center. Nittany Mall is owned by Johnstown, Pa.-based Crown American Realty Trust.

EXPANSIONS Calgary and Nanaimo, Canada - Toronto-based Cambridge Shopping Centres Ltd. has broken ground on major expansions at two regional shopping centers it owns in western Canada. The expansions of both centers are part of the company's $700 million, five-year investment strategy to modernize and enlarge its portfolio nationwide.

At Southcentre Mall in Calgary, the company is spending $44 million to expand the center by 265,000 sq. ft., increasing its size to 1 million sq. ft. Anchor tenants Eaton's and The Bay will be expanded, and 72,000 sq. ft. of new specialty store space will be added. The project is expected to be completed in fall 2000.

At Woodgrove Centre in Nanaimo on Vancouver Island, Cambridge will spend $38 million to expand the center by 225,000 sq. ft., bringing its size to approximately 680,000 sq. ft. Plans include a new 55,000 sq. ft. food store, a 40,000 sq. ft. Avalon/Landmark 8-screen theater, a larger Eaton's store, a 20,000 sq. ft. Sport Chek and other specialty stores, as well as a new 12-unit food court. Completion is expected for March 2000.

Perkasie, Pa. - A 10,000 sq. ft. expansion will open this month at Perkasie Square Shopping Center, a 90,000 sq. ft. community center in Perkasie. New leases have been signed with McDonald's, Wines & Spirits Shoppe, Petrucci's Dairy Barn and Lee's Pro Nails. Anchored by Landis (Thriftway) Supermarket and Eckerd Drug, existing tenants include Blockbuster Video, Gran Sasso Italian Restaurant, Peking Wok, Subway, The Hair Cuttery and Countryside Cards & Gifts. Allentown, Pa.-based Berger-Epstein Associates Inc. owns Perkasie Square.

RENOVATIONS Phoenix - Phase II renovation work, which will focus on food court remodeling and an extension of outdoor seating, is under way at Paradise Valley Mall in Phoenix. It follows on the heels of a renovation of the entire center completed late last year. New tile and wood throughout, new furniture and color treatments, and updated seating areas are some of the changes shoppers will see. The 1.3 million sq. ft. shopping center, anchored by Dillard's, Macy's, JCPenney, Sears and Robinsons-May, is owned and managed by Phoenix-based Westcor.

Commack, N.Y. - A renovation project is under way at Mayfair Shopping Center in Commack. Originally built in the late 1950s, the center will undergo a total, phased renovation that is expected to be completed in early 2000. Build-out for a new anchor - Waldbaum's Supermarket - is expected to take longer. Plans include the creation of new anchor space, a new facade and landscaping, as well as upgraded lighting and parking. Existing anchors include Burlington Coat Factory and Genovese Drugs. North Plainfield, N.J.-based Levin Management Corp. handles leasing, property management and construction management for the center.

Kahului, Maui - Renovation work is under way on Maui Mall, a 182,000 sq. ft. community shopping center that opened in 1972 in Kahului. The initial focus of the construction will be a complete rehabilitation of the interior center court and an additional entrance, both expected to be completed this month in conjunction with the opening of a 12-screen Wallace Theatre megaplex. In addition to the theater, Maui Mall is anchored by Star Market and Longs Drugs.

The most visible elements of the overall renovation will be a new, green metal roof; landmark towers at entryways; crossover canopies that provide covered access to all areas of the center; and new light fixtures to improve nighttime visibility and enhance safety. Other plans include ADA access improvements and parking lot landscaping. Completion is expected by November.

The center is owned and operated by A&B Properties Inc., the property development and management subsidiary of A&B-Hawaii Inc. (ABHI). ABHI is a subsidiary of Alexander & Baldwin Inc., a diversified corporation headquartered in Honolulu.

Morristown, Tenn., and Nashville, Tenn. - Major renovation projects are under way at two centers owned and managed by Chattanooga, Tenn.-based CBL & Associates Properties Inc. At College Square Mall in Morristown, a grand reopening is scheduled for mid-August. Plans include new carpeted floors, new landscaping, the addition of soft-seating areas, new paint, new skylights, changes to the mall entrances, an upgraded parking lot, and new interior and exterior signage. The 523,013 sq. ft. mall is anchored by Wal-Mart, Sears, JCPenney and Proffitt's.

At Rivergate Mall in Nashville, renovation plans are similar, with the addition of a complete remodel of the food court. The project is expected to be completed in mid-November. Rivergate Mall is anchored by Proffitt's, JCPenney, Sears and Dillard's and features nearly 1.2 million sq. ft. of space. The general contractor on both projects is Chattanooga, Tenn.-based EMJ Corp.

Miami and West Palm Beach, Fla. - Plans are in the works to renovate Miami International Mall in Miami and Palm Beach Mall in West Palm Beach, both managed by Indianapolis-based Simon Property Group. The design strategy for Miami International Mall is to create a festive atmosphere that would appeal to the predominately Hispanic-based community as well as international visitors. The 972,000 sq. ft. center is anchored by Burdines, JCPenney, Dillard's and Sears.

Plans for Palm Beach Mall are to accent the local seaside environments. Enhancements include a new exterior facade, a new logo and signage. The 1.26 million sq. ft. superregional center features Burdines, JCPenney, Lord & Taylor, Sears and Dillard's. Fort Lauderdale, Fla.-based Pavlik Design Team is the design firm for both projects, which are expected to be completed by December.

REDEVELOPMENTS Colonie, N.Y. - Northway Mall in Colonie is being redeveloped by New York-based Mall Properties Inc. Demolition has begun to make way for a new 500,000 sq. ft. center anchored by Target, Marshall's, Jo-Ann etc., Petco and Staples. The project is expected to be completed by summer 2000.

Orland Park, Ill. - Orland Park Place, a 424,000 sq. ft. enclosed mall in Orland Park, is being redeveloped and expanded. Plans call for the conversion of the mall into an open-air community center as well as construction of a 94,000 sq. ft. restaurant and entertainment component on the property's perimeter. The $32 million project, funded partly through a Tax-Increment Financing (TIF) district, is scheduled for completion this fall.

During the redevelopment, anchor Kohl's will expand its space. Montgomery Ward and Sportmart also anchor the center. New retailers include Bed Bath & Beyond, DSW, Cost Plus, Wickes Furniture, Gateway Computers, Hallmark Cards and Barnes & Noble. Orland Park Place is being redeveloped by Chicago-based Hiffman Shaffer Associates Inc. Chicago-based Graycor is the general contractor on the project.

Deerfield, Ill. - A $60 million redevelopment of downtown Deerfield is under way by Northbrook, Ill.-based CRM Properties Group Ltd. The project, called The Shops of Deerfield Square, will span approximately 75% of the entire downtown area and will include a four-story, 80,000 sq. ft. executive office building, 180,000 sq. ft. of retail space located in nine, two-story buildings, and parking for more than 1,000 vehicles. In addition, it will incorporate a band shell, gardens, seven restaurants with outdoor cafes, water fountains and life-size sculptures.

Construction will take place in two phases, the first of which will be anchored by Whole Foods and Walgreens when completed at the end of the year. Phase II will be completed by summer 2000.

Deerfield Square's overall design concept, created by Lincolnshire, Ill.-based Otis Associates, emulates a traditional downtown with old town storefronts, canopies and awnings. This approach is complemented by brick-paved streets, old town street lights and flower gardens.

Benton Harbor, Mich. - JPA Development LLC, an operating division of Oak Brook, Ill.-based JPA Real Estate, is redeveloping Fairplain Plaza in Benton Harbor. Working in two phases, the firm has razed approximately 65% of the original structure and is building 275,000 sq. ft. of new construction. Another 260,000 sq. ft. of space will be part of Phase II. Tenants named for the project include Office Depot, T.J. Maxx, Check N Go and Dunham's Sporting Goods, all expected to open this summer. Existing retailers include Rite Aid, Dollar Bills and Henry's.

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