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Florida Development Projects

North Florida * Fort Lauderdale, Fla.-based Stiles Corp. recently broke ground on two Publix-anchored shopping centers in Jacksonville. Both are joint ventures with locally based Hallmark Partners, which will handle leasing and property management. When completed early next year, Reedy Branch Commons will total 76,000 sq. ft. and Windsor Commons will total 92,000 sq. ft.

* Ponce de Leon Mall in St. Augustine is undergoing a major facelift. Both the interior and exterior of the 350,000 sq. ft. center are being renovated, with a 45,000 sq. ft. movie theater and 25,000 sq. ft. of specialty space to be added. The project is expected to be completed in December 2000. Ponce de Leon Mall, anchored by JCPenney and Belk, is owned by Boston-based John Hancock Mutual Life Insurance Co. The Miami office of Virginia Beach, Va.-based Divaris Real Estate Inc. is the manager and leasing agent for the center.

* Work is under way on Forest Village Shopping Center, a Publix-anchored neighborhood center in Tallahassee that is being developed by locally based Candler Development Co. Phase I will consist of 73,000 sq. ft., and Phase II will include 100,000 sq. ft. The center, expected to open in early 2000, is owned by North Miami Beach-based Equity One Inc.

* Palafox Square, a community shopping center in Pensacola that has been redeveloped, is expected to hold its grand reopening this summer. It is anchored by a 220,000 sq. ft. Wal-Mart SuperCenter and features five additional retail spaces of up to 30,000 sq. ft. each. Cleveland-based Developers Diversified Realty Corp. is the center's owner and manager.

* Plans are in the works to develop Governors Marketplace, a power center featuring approximately 212,000 sq. ft. of GLA and four outparcels, near Governors Square Mall in Tallahassee. The development will be on a long-term ground lease with Governors Marketplace LLC, the owner of the land and surrounding property including the mall. Agora Developers LLC, Jacksonville, Fla., and Atlas Partners, Chicago, have placed the property under an option contract. Construction is planned to begin this year with completion set for spring 2001.

* Jacksonville, Fla.-based Regency Realty Corp. is developing Julington Village, a 93,304 sq. ft. neighborhood center in Jacksonville. It will be anchored by Publix and Eckerd Drugs when completed in April 2000.

Also in Jacksonville, the company is renovating and expanding Highland Square, a 262,548 sq. ft. neighborhood center. A new Publix is being built to replace the existing one. Winn-Dixie also anchors the center. The project is expected to be completed in October.

* The Goodman Co., West Palm Beach, Fla., is developing two projects in North Florida. Middleburg Crossings is a 68,000 sq. ft. neighborhood center anchored by Publix in Middle-burg, and Blanding Crossings is a 264,000 sq. ft. power center in Orange Park. Both are expected to be completed next year.

East/Central Florida * Merritt Square Mall, an 800,030 sq. ft. regional center in Merritt Island, will undergo a comprehensive interior and exterior renovation, including a new color scheme, interior graphics, food court seating, enhanced landscaping and new signage. In addition, anchor Burdines will increase its selling space by expanding into its pre-existing second floor and remodeling the first floor. The project is expected to be completed in November. Other anchors include Dillard's, JCPenney and Sears. Merritt Square Mall is managed by Atlanta-based Jones Lang LaSalle and owned by Boston-based John Hancock Mutual Life Insurance Co.

* The north Florida division of Dallas-based Trammell Crow Co. plans to develop Sun Trust Plaza, a $12 million, upscale mixed-use project in downtown Winter Park. The three-story structure is expected to feature 30,000 sq. ft. of retail space on the first level and 58,000 sq. ft. of office space on the second and third levels. Baltimore-based RTKL Associates Inc. is finalizing the design for the development this month.

* Memphis, Tenn.-based Belz Enterprises is developing Festival Bay, a 1 million sq. ft. lifestyle retail complex and shopping destination in Orlando. When completed in fall 2000, the tenant mix will include themed restaurants, entertainment-type retailers, and fashion-forward specialty retailers. Tenants announced to date include Ron Jon Surf Shop, Vans Skate Park, Bass Pro Shops-Outdoor World and Cinemark USA.

* Groundbreaking is expected by year's end on Ocean Walk, a 100,000 sq. ft., mixed-use entertainment center in Daytona Beach. Although no tenant names have been announced, the project will feature a theater and several specialty retailers, food and entertainment venues. The estimated date of completion is spring 2001. The Tampa office of Virginia Beach, Va.-based Divaris Real Estate Inc. is the manager and leasing agent.

* Affiliates of The Rouse Co., Baltimore, are expanding Oviedo Marketplace in Orlando.The 820,000 sq. ft. center is anchored by Dillard's, Parisian, Barnes & Noble Booksellers, Bed Bath & Beyond, Footlocker Super Store, FYE (For Your Entertainment) and Regal Cinemas 22. Sears will join the lineup in fall 2000.

* Conway Plaza, a 100,000 sq. ft. shopping center in Orlando, is being redeveloped. An old Publix grocery store will be torn down with the supermarket chain's new prototype built in its place. The center's facade also will be remodeled. Other anchors include Beall's Outlet and Eckerd Drugs. Expected to be completed in November, the project is a development of Tampa-based RMC/Konover Property Trust LLC.

* Maitland, Fla.-based Morbitzer Group manages two shopping centers in the Orlando area. Parkwood Plaza, a 215,515 sq. ft. neighborhood center, is being renovated. Anchors include Winn-Dixie, Dollar Tree and Its Fashion! Casselberry Exchange Shopping Center, a 160,000 sq. ft. neighborhood center in Casselberry, is currently under development. The new project, expected to be completed in spring 2000, will feature Kash n' Karry and Eckerd Drugs.

* The Michael Gaich Co., Merritt Island, Fla., is developing Marketplace Centre, a neighborhood center in Titusville featuring 60,139 sq. ft. of GLA. The Winn-Dixie-anchored center is expected to be completed next year. The company also has expanded The Shoppes of Cocoa North in Cocoa. The 66,447 sq. ft. neighborhood center now totals 91,000 sq. ft. It is anchored by Winn-Dixie.

* The 100,000 sq. ft. first phase of International Festival, a 200,000 sq. ft. power center in southwest Orlando, is completed. Construction has begun on the 100,000 sq. ft. second phase and is expected to be completed by mid-summer 2000. The developer is Palmvest Associates Ltd. Partnership, a Georgia limited partnership. One of the partners in the project is Atlanta-based Buckley Shuler Properties Inc.

* Oviedo Park Crossing is nearing completion in Oviedo, a northeastern suburb of Orlando. The power center will be anchored by Ross Dress For Less, Michaels, OfficeMax and Shoe Carnival when completed this summer. It is a project of Cleveland-based Developers Diversified Realty Corp.

* Sand Lake Corners, a 600,000 sq. ft. power center, opened last month in Orlando. A project of Chattanooga, Tenn.-based CBL & Associates Properties Inc., the center is anchored by Wal-Mart, Lowe's, Beall's and PetsMart.

In addition, the company was responsible for bringing a new anchor to Lakeshore Mall in Sebring. Sears opened a 92,000 sq. ft. department store at the 604,308 sq. ft. center last month. Other anchors include Kmart, Belk, JCPenney and Beall's.

* Lake Mary, Fla.-based Retail Equities Inc. is developing two components of the new mixed-used development called Millenia in Orlando. Known as the Millenia Collection, the project includes a 185,000 sq. ft. lifestyle specialty center expected to open in summer 2001 and a 350,000 sq. ft. power center expected to open in summer 2002.

* Groundbreaking is scheduled for early next year on Isleworth Promenade, an upscale specialty center in Orlando. The 265,000 sq. ft. development will feature both retail and office space. It is a project of Miami-based Courtelis Co.

* Dallas-based Trammell Crow Co. is developing Westland Terrace Plaza, a 240,000 sq. ft. power center in Orlando. No anchors have been announced for the project, which is expected to be completed in spring 2000.

In addition, the company is leasing expansion space at Marketplace at Dr. Phillips in Orlando. The 330,000 sq. ft. mixed-use complex, anchored by Albertson's, Gooding's and Stein Mart, will add 20,000 sq. ft. of retail/office space by summer 2000. Trammell Crow is also the consultant for the developer, Orlando-based FF South Co.

* Indianapolis-based Simon Property Group is developing Waterford Lakes in east Orlando. The first phase of the 1 million-plus sq. ft., open-air community center is expected to open in December. Phase II will follow in fall 2000. Anchors include SuperTarget, Bed Bath & Beyond, Old Navy, T.J. Maxx, Barnes & Noble and Regal Cinema.

* Construction is under way on the 41,056 sq. ft. second phase of The Marketplace at Port St. Lucie. Phase I, totaling 103,041 sq. ft., has been completed and features anchors Winn-Dixie and Wal-Mart. Total buildout is expected this fall. West Hartford, Conn.-based Devcon Enterprises Inc. is the owner, developer and manager of the Port St. Lucie center.

West Florida * Miami-based Courtelis Co. has two projects in the works in the western part of the state. Ground has been broken on The Prado at Spring Creek, a 170,000 sq. ft. entertainment retail project in Bonita Springs. Completion is expected in December. A 12-screen Regal Cinema will be part of the project.

In addition, the company is planning Granada Shoppes, a 390,000 sq. ft. mixed-use project in Naples. Although no tenants have been announced, the project is expected to feature both power center retailers and office users. It is scheduled to break ground at the end of the year.

* ParkSide Mall, an 850,000 sq. ft. regional center in Pinellas Park, is undergoing a multimillion-dollar interior and exterior renovation. Additions include a 19-screen theater (scheduled to open in fall 2000), new entrances, covered parking, an ice skating rink and a food court. The center, formerly known as Pinellas Square Mall, is anchored by Wards, JCPenney and Dillard's. It is owned by Boston-based John Hancock Mutual Life Insurance Co. The Tampa office of Virginia Beach, Va.-based Divaris Real Estate Inc. is the manager and leasing agent.

* Remerchandising efforts have neared completion on The Bell Tower Shops, a 312,510 sq. ft. upscale open-air center in Fort Myers. Renovated in 1997, the center has since been attracting new tenants such as Talbot's, AnnTaylor, Williams-Sonoma and Regal Cinema. Anchored by Saks Fifth Avenue and Jacobson's, the property is managed by Minneapolis-based Madison Marquette Realty Services.

* Renovation work continues on Bay Area Outlet Mall, a 284,588 sq. ft. enclosed center in Clearwater, with completion expected in the third quarter. Anchors include T.J. Maxx, Ross Dress For Less and Beall's Outlet. Bay Area Outlet Mall is owned by Hartford, Conn.-based Aetna Life Insurance Co. and is managed by Tampa-based Advantis GVA.

* Groundbreaking is set for next month on BayWalk, a 150,000-plus sq. ft. open-air, themed plaza in St. Petersburg. It will be anchored by a Muvico Theater complex when is opens in fall 2000. BayWalk is a development of The Sembler Co., St. Petersburg.

* Tampa-based RMC/Konover Property Trust LLC has redeveloped or has plans to redevelop three shopping centers in west Florida. They include Grove Park in Lakeland; Shoppes at Temple Terrace in Tampa; and Walden Woods in Plant City.

* The Promenade at Bonita Bay, an 85,000 sq. ft. upscale specialty center, recently opened in Bonita Springs. Future expansion is in the planning stages by its developer/owner, The Lutgert Cos., Naples, Fla.

* Redevelopment work is under way at Kmart Plaza in Brandon. The center will undergo an exterior renovation and add a 10,000 sq. ft. store called It's Bed Time as well as more specialty space. In addition to Kmart and It's Bed Time, anchors include Scotty's Home Improvement and Chuck E. Cheese. The project is expected to be completed this fall by Cleveland-based Developers Diversified Realty Corp., the center's owner and manager.

* Chattanooga, Tenn.-based CBL & Associates Properties Inc. is developing Coastal Way Shopping Center, a 233,000 sq. ft. neighborhood project in Spring Hill/Brooksville. The new development will feature four anchors - two of which are Sears and Belk - and space for 12 to 15 small shops. Plans also include five freestanding outparcels. It is expected to be completed next summer.

* Jacksonville, Fla.-based Regency Realty Corp. is developing Kings Crossing, a 74,880 sq. ft. neighborhood center in Sun City. It will be anchored by Publix when completed in April 2000.

* Lakeland Village Plaza, a 200,000 sq. ft. community center in Lakeland, is under development. It will be anchored by Home Depot when completed in spring 2000. Dallas-based Trammell Crow Co. is the developer.

* Ground recently was broken on Phase II of Miromar Outlets in Estero. When it opens later this year, the second phase will add approximately 200,000 sq. ft. of space to the existing 200,000 sq. ft. center. A third phase is planned with total buildout expected at 600,000 sq. ft. The center is a project of Montreal-based Miromar Development.

South Florida * Expansion work will be completed this month with the addition of Burdines department store to Aventura Mall in Aventura, a suburb of Miami. The Burdines addition was part of a 330,000 sq. ft. entertainment and lifestyle component, designed by Baltimore-based RTKL Associates Inc., that also included a new Bloomingdale's; larger stores for existing anchors Lord & Taylor, JCPenney and Sears; a 24-screen AMC Theatre complex; an entertainment piazza; and several new restaurants and sidewalk cafes. Macy's also anchors the center, which will total just under 2 million sq. ft. when Burdines opens. Aventura Mall is owned by Indianapolis-based Simon Property Group and Miami-based Turnberry Associates.

* Renovation work is nearing completion on Shops at Palm Coast, a 209,836 sq. ft. neighborhood shopping center in West Palm Beach. The $3 million project, expected to be completed in September, includes the addition of Winn-Dixie Marketplace. Shops at Palm Coast is managed by Capital Realty Advisors Inc., Palm Beach Gardens, Fla.

* The Oasis, a 300,000 sq. ft. open-air addition to enclosed Sawgrass Mills in Sunrise, opened in June. Some of the tenants include Cafe Tu Tu Tango, GameWorks, Jillian's, Hard Rock Cafe, Ron Jon Surf Shop and Regal Cinemas 23. The Mills Corp., Arlington, Va., owns and manages the 2.2 million sq. ft. superregional center.

* Bloomfield Hills, Mich.-based Taubman Centers Inc. has two new developments in the works in south Florida. The Mall at Wellington Green in west Palm Beach County will total 1.3 million sq. ft. when completed in October 2001. Serving as the centerpiece of a 466-acre masterplanned, mixed-use development, the project will be anchored by Nordstrom, Lord & Taylor, Dillard's, Burdines and JCPenney.

Taubman also is working with Swerdlow Real Estate Group Inc., Hollywood, Fla., to develop Dolphin Mall, a 1.4 million sq. ft. regional center in Miami. Swerdlow broke ground on the project last year; the mall is expected to be completed in late 2000.

* Expansion and revitalization efforts are planned in three phases for Royal Palm Plaza in downtown Boca Raton. The 185,000 sq. ft. outdoor shopping center is expected to increase in size to more than 500,000 sq. ft. in its initial expansion. The center is owned by locally based Investments Ltd.; Royal Palm Marketing, also of Boca Raton, is the center manager.

* Work is under way on Abacoa Town Center, a mixed-use, specialty retail/entertainment center in Jupiter. The project will serve as the Main Street of a new urban community that will be home to 18,000 residents when completed in April 2000. Abacoa Town Center is a development of de Guardiola Development Ventures, West Palm Beach, Fla.

* The Goodman Co., West Palm Beach, Fla., is developing several new retail projects in the area. Coral Sky Plaza in the Village of Royal Palm Beach recently opened its doors, with work under way on Phase II. Once the expansion is completed in March 2000, the center will total 250,000 sq. ft. It is anchored by BJ's Wholesale Club. The company also is developing The Shoppes at Parkland, a 160,000 sq. ft. community center in Parkland anchored by BJ's Wholesale Club.

* The 75,000 sq. ft. first phase of The Shops at Skylake opened last month in North Miami Beach, with Phase II currently under way. The 280,000 sq. ft. neighborhood center is anchored by Publix. It is a development of locally based Equity One Inc.

* The Galaxy at Dadeland, an entertainment/mixed-used center located across from Dadeland Mall in Miami, is expected to break ground in the second quarter of 2000. When completed in mid-2001, it will feature 313,000 sq. ft. of retail space, 200,000 sq. ft. of office space and 240 rental units. Major tenants will include AMC 16 Theatre, Jillian's, Tower Records and Wolfgang Puck. The project is a development of Coral Gables, Fla.-based Gulfside Development. Deerfield Beach, Fla.-based Prime Sites Inc. is the manager.

* Work is under way on the redevelopment of Coral Ridge Mall, an enclosed power center in Fort Lauderdale that features 412,000 sq. ft. of GLA. Plans include the addition of two anchors, one of which is Target, and a complete interior and exterior renovation. Completion of the entire project is expected in October. Coral Ridge Mall is owned and managed by locally based Gumberg Asset Management Corp.

* Construction continues on Palladium, an entertainment-enhanced retail component of CityPlace, a 72-acre, $600 million town center development in West Palm Beach. With an expected completion in October 2000, Palladium will feature 520,000 sq. ft. of GLA, including 350,000 sq. ft. of streetfront retail, 10 signature restaurants, a 13-screen General Cinema/Commercial film complex and parking for more than 3,300 cars. The project is a development of The Palladium Co., New York.

* Fort Lauderdale, Fla.-based Stiles Retail Group continues work on Las Olas Centre in Fort Lauderdale. Phase I, which features a 207,039 sq. ft. office/retail tower, has been completed. Phase II will add a 275,000 sq. ft. office/retail building when completed in the third quarter of this year.

In addition, Stiles is developing North Palm Marketplace, a 106,943 sq. ft. shopping center in North Palm Beach. It will be anchored by Winn-Dixie when completed by year's end.

* Indianapolis-based Simon Property Group is expanding and renovating two malls in south Florida. Palm Beach Mall in West Palm Beach will receive a complete interior and exterior facelift and a new Dillard's when the project is completed in spring 2000. Other anchors at the 1.2 million sq. ft. center are Burdines, JCPenney, Lord & Taylor and Sears.

Also, at Town Center at Boca Raton in Boca Raton, plans call for the addition of Nordstrom in 2000, expansion of existing anchors Saks Fifth Avenue and Bloomingdale's, a new food court, a complete renovation and new GLA that will increase the mall's size to 1.5 million sq. ft. With the exception of Nordstrom, the project is expected to be completed this fall. Other anchors at the superregional center include Burdines, Lord & Taylor and Sears.

* Groundbreaking is set for this fall on Key Colony Village, a 12,000 sq. ft. neighborhood center in Key Biscayne. Tenants are expected to be Caribbean island-style boutiques, shops and dining establishments. Other plans include open-air terraced levels with outdoor dining in a tropical setting. A fall 2000 completion is expected. Locally based Fininvest Investments Ltd. is the developer.

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