Retail Traffic


NEW DEVELOPMENTS Greenville, S.C. - Plans are in the works for Cherrydale Point, a 400,000 sq. ft. shopping center being developed in Greenville. The center will feature a 16-screen Regal Cinema, up to nine anchors and approximately 60,000 sq. ft. of shop space. Stores will begin opening in spring 2000. Cherrydale Point is a project of Birmingham, Ala.-based AIG Baker Shopping Center Properties LLC.

Wichita, Kan. - Approval of significant zoning changes moves the development of Newmarket Square in Wichita to a new level. The zoning allows the developers to combine previously approved retail and office uses into an integrated marketplace. It also provides 18 additional lakeside acres of commercial zoning to accommodate a more traditional campus setting for corporate headquarters or medical facilities. Overall, the complex will include 750,000 sq. ft. of retail and 218,000 sq. ft. of office space. On the adjacent business park tract, the plan also provides approximately 100,000 sq. ft. of office space and a 125-room Marriott hotel. The balance of the 200-acre property is being developed as a 233-home residential community called Evergreen.

The retail component of Newmarket Square will be developed in phases, with the 150,000 sq. ft. first phase expected to get under way this summer. A major entertainment component is the centerpiece of the project's next phase. The complex is a development of The Slawson Cos., Wichita.

Jupiter, Fla. - Construction has begun on Abacoa Town Center, a Main Street-type, mixed-use development in Jupiter. It will be located near the new Roger Dean Stadium, home of the St. Louis Cardinals and Montreal Expos spring training facility. The John D. MacArthur Campus of Florida Atlantic University and the Honors College, both under construction with student occupancy expected in September, are also nearby. Phase I, expected to be completed in early 2000, will include 25 acres devoted to shops, restaurants, offices and apartments. Signed tenants are Abacoa Optical, Barnie's Coffee & Tea Co., Bilotti's Italian Restaurant, Commerce Dry Cleaning, Costello's Pizzeria & Deli, Dakotah 624 restaurant, Haagen-Dazs, Homeplate Cafe, Organically Fresh restaurant and store, Planet Candy, Sam Jon & Company salon, Studio E Gallery, Tai Siu restaurant, ZooCoop, and Bookworks-Books, Bytes, Cafe.

Phase II will cover 10 acres and consist of additional shops and restaurants, a 16-screen movie theater and a hotel and conference center. West Palm Beach, Fla.-based de Guardiola Development Ventures Inc. is developing Abacoa Town Center; Coconut Grove, Fla.-based Retail Estate Inc. is merchandising, leasing and marketing the project.

Irvine, Calif. - Koll Development Co. will join forces with Tim Strader Sr., both of Newport Beach, Calif., and Chicago-based Prudential Insurance Company of America to develop a planned 28-acre, mixed-use complex near John Wayne Airport in Irvine. The venture proposes developing a project that will include both campus style and mid-rise office projects, an extended-stay hotel, ancillary service-oriented retail and parking structures, as well as future development of multi-family housing units. In total, the project value at completion is expected to exceed $125 million. Ground is expected to be broken this summer.

Hagerstown, Md. - Ground has been broken for The Centre at Hagerstown, a $75 million power center project being developed in Hagerstown. The 700,000 sq. ft. shopping center will house more than 40 stores, shops and restaurants, including The Home Depot, Wal-Mart SuperCenter, Borders Books and Music, Dick's Clothing & Sporting Goods, Marshalls, OfficeMax, Circuit City, PetsMart, A.C. Moore and Pier 1 Imports. It is scheduled to open in spring 2000. The Centre at Hagerstown is being developed and leased by Cleveland-based Developers Diversified Realty Corp. and McLean, Va.-based Petrie Dierman Kughn.

CENTER OPENINGS Miami Beach - An 80,000 sq. ft., 18-screen Regal Cinema is the first tenant to open at 1100 Lincoln Road, a 250,000 sq. ft. shopping and entertainment complex on South Beach. It is Miami Beach's first multiplex movie theater and serves as one of the anchors of the project, which includes approximately 50,000 sq. ft. of specialty space. Recently announced tenants, opening in late summer or early fall, include Banana Republic, Haagen-Dazs, Xando Coffee and Bar, and Sushi Doraku restaurant, which is owned by Benihana. The complex is a joint development of Finestra Development Corp., Boca Raton, Fla., and Golinsky Properties Inc., Coconut Grove, Fla.

Bonita Springs, Fla. - The Promenade at Bonita Bay, an 85,000 sq. ft. mixed-use complex, recently opened in Bonita Springs. The three-story complex, which also includes Class A office space, features a number of specialty stores and restaurants. Tenants include Mettlers, Chico's, Ben & Jerry's, Jami's, DuFrane Jewelers, Roy's restaurant, D'Amico & Sons, Divino Blu and Houlihan's. Mediterranean architecture surrounds a center courtyard complete with waterfalls, tropical landscaping and outdoor cafes. Future expansion is being planned by the property's developer and owner, The Lutgert Cos., Naples, Fla.

Mission Viejo, Calif. - To reflect the magnitude of the extensive renovation and expansion that continues at Mission Viejo Mall, the shopping center has been renamed The Shops at Mission Viejo by its owner, Indianapolis-based Simon Property Group. In addition, the company announced the names of 47 specialty stores and restaurants that have signed leases to become new tenants at the center. They will join previously announced new anchor stores Nordstrom and Saks Fifth Avenue, as well as 36 of the mall's existing specialty retailers and department stores Robinsons-May and Macy's.

The 20-year-old regional shopping center is undergoing a $150 million renovation and expansion with a grand reopening set for this fall. Upon completion, the mall's total square footage will increase 45%, from 816,000 sq. ft. to 1.2 million sq. ft. Along with approximately 140 specialty stores, The Shops at Mission Veijo will include a 165,000 sq. ft. Nordstrom (opening in September) and a 100,000 sq. ft. Saks Fifth Avenue (opening in November). Robinsons-May will add 70,000 sq. ft. to its north store, and the east store will be converted to dining and retail space expected to open in fall 2000. The exiting Macy's also is expected to undergo an extensive renovation.

Architectural details include quarried Bavarian limestone flooring, enhanced lighting, 61 skylights, bridges that link upper-level galleries, a new Grand Hall, and various other new amenities and details, including handrails and floor and ceiling treatments. Los Angeles-based Altoon + Porter is the project architect.

REPOSITIONINGS Fort Worth, Texas - Currently undergoing a $60 million expansion and renovation, Ridgmar Mall in Fort Worth is redefining itself as a lifestyle center. The mall, which will include more than 1.3 million sq. ft. of GLA when the project is completed, will retain some of the characteristics of a traditional mall with anchors Dillard's, Foley's, JCPenney, Sears and Neiman Marcus. In addition to the anchors, a new AMC 20 Theatre will be added on the existing roof and is expected to open in May 2000. Escalators will take moviegoers from the expanded food court to the cinema lobby, all under a vaulted glass skylight.

The two-level mall will be restyled with a Texas-inspired Art Deco theme. The design aims to re-create an indoor urban village streetscape. Tenants will be zoned in a collection of districts, each with their own unique characteristics and features. For example, there will be an arts and fashion district, a sports district and a kids district. The project architect is Los Angeles-based MCG Architects.

The renovation, which began last November, is expected to be completed this November. Ridgmar is owned by Shopco 129 LP, an affiliate of The Shopco Group LP, New York.

In the May issue (p. 215), the wrong photo appeared in an article chronicling the history of Lakewood Center in Lakewood, Calif. The photo should have been that of Mace Siegel, chairman of The Macerich Co., Santa Monica, Calif. The photo that appeared was actually that of Richard Green, co-president of Los Angeles-based Westfield Corp. Siegel's correct photo accompanies this correction. Shopping Center World regrets the error.

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