Retail Traffic

Southeast Development Projects

ALABAMA * A $5 million interior renovation project is expected to be completed later this month at Riverchase Galleria in Birmingham. Existing tile and carpet is being removed, and new porcelain and marble tile is being laid. Other new features will include 50-foot-tall light towers, park-like street lamps, soft seating areas, new food court furniture and additional landscaping. The 1.5 million sq. ft. center, anchored by Macy's, Rich's, Parisian, Sears, McRae's and J.C. Penney, is owned and managed by Montgomery, Ala.-based Jim Wilson & Associates Inc.

* A renovation of Springdale Mall in Mobile is under way with plans calling for new floor treatments, enhanced mall entrances, reworked skylights, new paint, parking lot repavement and restriping, new light fixtures, new landscaping and redesigned pylon signs. Chatta-nooga, Tenn.-based CBL & Asso-ciates Properties Inc. acquired the 984,417 sq. ft. mall earlier this year.

GEORGIA * North American Properties - Atlanta has two new developments in the works. Marketplace at Mill Creek, located on the periphery of the Mall of Georgia in Gwinnett County, is an $84 million, 122-acre mixed-use project that will include a 525,000 sq. ft. power center featuring 11 anchors and three themed restaurants as well as four hotels and a 398-unit apartment complex. It is expected to get under way by year's end. Construction has already begun on Lakeshore Marketplace, a 240,000 sq. ft. shopping center in Gainesville that will feature Home Depot, OfficeMax, PetsMart and Goody's Family Clothing when completed in spring 1999.

* Parkway Pointe Shopping Center, a 207,000 sq. ft. power center project on Cobb Parkway in Atlanta, is expected to be completed this month. The center, a development of Atlanta-based Kim King Associates Inc., is anchored by General Cinema, Borders Books, Linens 'n Things, Old Navy, The Sports Shoe, Don Pablos Mexican Kitchen and Copelands of New Orleans.

* Roswell, Ga.-based Maxwell Properties is renovating and expanding 65,000 sq. ft. Shannon Crossing Shopping Center in Union City. The $5 million project, expected to be completed later this year, involves increasing the size of the center to 100,000 sq. ft., updating its appearance, expanding the existing Kroger store and adding 12,000 sq. ft. of shop space as well as a Hollywood Video outbuilding.

In addition, the company is developing Centennial Village Shopping Center in Roswell. The neighborhood shopping center will feature a 56,000 sq. ft. grocery store, 39,000 sq. ft. of shop space and three outlets. Completion is estimated for fourth quarter 1999.

* Completion was expected in late September on Lake City Commons, a 96,000 sq. ft. new development of the Atlanta office of Dallas-based Trammell Crow Co. The neighborhood center, located in Lake City, features Kroger, Cato and Dollar Tree. Charlotte, N.C.-based Faison Enterprises owns the center.

* The Mills Corp., Arlington, Va., has filed formal applications to rezone an approximately 225-acre site in Atlanta for development of a 1.5 million sq. ft. Mills center. The proposed project, to be named Sugarloaf Mills, would be located at Interstate 85 and Sugarloaf Parkway in Gwinnett County. Mills currently is conducting a due diligence program that involves traffic, site and engineering studies as well as economic feasibility analyses.

* Work is under way on The Avenue East Cobb, a 235,000 sq. ft. upscale, open-air specialty center in Atlanta. Expected to open in spring 1999, the center will feature tenants such as Borders Books & Music, Abercrombie & Fitch, AnnTaylor, Williams-Sonoma, Bath & Body Works, Harold's, Smith & Hawken and Footlocker. It is a $41 million project of Atlanta-based Cousins Properties Inc.

Earlier this year, Cousins Properties and Atlanta-based W. Michael Murphy & Associates completed the development of Abbotts Bridge Station in Duluth. The 83,000 sq. ft. upscale neighborhood center features Harris-Teeter Grocery, Eckerd Drugs and Blockbuster Video alongside 26,077 sq. ft. of specialty shop space.

* Atlanta-based JDN Realty Corp. has teamed with Atlanta-based East Coast Development on three projects in the state. The newest venture is Bradley Park Crossing, a 244,015 sq. ft. power center in Columbus. Expected to open in April 1999, it will feature Target, PetsMart, Goody's Family Clothing and Michaels as well as 24,000 sq. ft. of additional shop space.

The other two projects, which will begin opening this month, are located in the Atlanta metropolitan area. Cofer Crossing is a 250,775 sq. ft. community center in Tucker anchored by Wal-Mart, Kroger and Goody's; Mill Creek Crossing is a 393,047 sq. ft. community center in Buford anchored by Wal-Mart, Lowe's and Dollar Tree.

* The Atlanta office of The Sembler Co., St. Petersburg, Fla., has two developments under way in the metropolitan area. Lenox Courtyard in the Buckhead area is a 400,000 sq. ft., three-level retail/power/community-scale shopping center anchored by Target, Publix and Galyan's Trading Co. It is expected to be completed in spring 1999. Midtown Place in the city of Atlanta is a 250,000 sq. ft. urban power center anchored by Home Depot, a grocery store, bookstore, office supply store and pet store. It is expected to be completed in summer 1999.

In addition to these ongoing projects, Sembler recently completed Publix at Perimeter Shopping Center, a 74,473 sq. ft. neighborhood shopping center in Dunwoody, a suburb of Atlanta. It features Publix, Eckerd Drugs, Hollywood Video, Arby's, Einstein Bagels and Goodyear.

* Chattanooga, Tenn.-based CBL & Associates Properties Inc. is developing Arbor Place, a 1.19 million sq. ft. regional mall in Douglasville, a western suburb of Atlanta. Anchors announced for the two-level, five-department-store project include Dillard's, Parisian, Sears and Upton's. An 18-screen Regal Cinema also is planned for the center. Being built in conjuction with the mall is The Landing at Arbor Place, a 162,000 sq. ft. associated center that will feature six anchors, including Toys 'R' Us and Circuit City. Completion of both projects is set for October 1999.

* Redevelopment work was completed in January on Tri-County Plaza, a 63,510 sq. ft. necessity retail center in Royston. A new Bi-Lo store also was part of the project. Columbia, S.C.-based Edens & Avant is the center's owner and manager.

* Birmingham, Ala.-based AIG Baker Shopping Center Properties LLC is nearing completion on Medlock Crossing, a 159,024 sq. ft. entertainment/specialty retail project in Alpharetta. Expected to be completed in December, the village-style center will be an-chored by an 18-screen Regal Cinema. In addition, the company completed 133,471 sq. ft. Sandy Plains Centre in metropolitan Atlanta last fall. It is anchored by Harris-Teeter and Ace Hardware.

* Progress continues on Mall of Georgia at Mill Creek in metropolitan Atlanta (Gwinnett Coun-ty). The project will combine a 1.7 million sq. ft. regional mall with a Main Street retail/entertainment village featuring anchors Dillard's, J.C. Penney, Lord & Taylor and Nordstrom as well as mini-anchors Galyan's, Barnes & Noble, a 20-screen Regal Cinema and a seven-story IMAX theater. A 500-seat amphitheater and 80-acre nature park also are planned. Expected to open in August 1999, it is a joint venture of Atlanta-based Ben Carter Properties and New York-based Corporate Property Investors. Atlanta-based Thomp-son, Ventulett, Stainback & Asso-ciates Inc. is providing architectural design services for the project.

* Work continues on The Mall at Stonecrest in the Turner Hill Road area of east suburban Atlanta. The 3 million sq. ft. project of Cleveland-based Forest City Enterprises and the U.S. subsidiary of Canadian-based Cadillac Fair-view Corp. will comprise a 1 million sq. ft. regional mall and 2 million sq. ft. of peripheral retail, featuring big-box stores and restaurants. The estimated date of completion for the mall is fall 2000. No anchors have been announced.

MISSISSIPPI * The expansion of Prime Outlets at Gulfport off Interstate 10 and Highway 49 in Gulfport was completed last November. A project of Baltimore-based Prime Retail, the 270,000 sq. ft. shopping center features such tenants as Jones New York Factory, Nike, Strasburg Children, London Fog and Haggar.

NORTH CAROLINA * Murfreesboro, Tenn.-based Phoenix Associates LLC is developing Patton Station in Asheville. The 230,000 sq. ft. project will be anchored by Lowe's and a grocery store when completed in summer 1999. The center's owner and manager is Atlanta-based JDN Realty Corp.

* Completion nears on the redevelopment of Toisnot Village Shopping Center in Wilson. The 48,125 sq. ft. center, formerly known as Gold Park Shopping Center, is anchored by Family Dollar and CVS. Charlotte, N.C.-based Lat Purser & Associates expects to complete the project by mid-November.

In Charlotte, the company also is developing Cambridge Com-mons, a 79,200 sq. ft. neighborhood shopping center that will be anchored by Food Lion. It is expected to open in early 1999.

* A 1 million sq. ft. power center is being developed in Greensboro by the Charlotte, N.C., office of Dallas-based Trammell Crow Co. Expected to be completed in phases through the year 2000, Landmark Center has anchor commitments from Wal-Mart, Sam's, Home Depot, Kmart and Circuit City.

* Cary, N.C.-based Konover Property Trust, formerly FAC Realty Trust, has two new developments and one expansion project un-der way in the state. Park Place is a 187,000 sq. ft. community center being built in Cary adjacent to an existing, 16-screen Carmike Cinema. Peak Plaza is a 94,900 sq. ft. community center being developed in Apex. Both will be anchored by Food Lion when completed in spring 1999. In Wilson, a 25,000 sq. ft. expansion of Gateway is expected to be completed this fall. The 91,266 sq. ft. center is anchored by Winn-Dixie and Kmart.

* Creekside Plaza in Shelby is a new development of Aiken, S.C.-based Wyatt Development Co. Inc. Scheduled to open in summer 1999, it will be anchored by a 224,132 sq. ft. Wal-Mart Supercenter alongside 32,000 sq. ft. of shops.

* Work is progressing on the renovation of Four Seasons Town Centre in Greensboro. All flooring, lighting, ceilings, columns and handrails are being replaced or reworked, and the center court area is undergoing a complete renovation to create a lighter ambience. This work is scheduled for completion next month. Also planned is an exterior renovation, including new entrances, lighting and landscaping. The three-level, 1.1 million sq. ft. mall is anchored by Dillard's, Belk and J.C. Penney. Greensboro, N.C.-based Koury Corp. is the center's developer, owner, manager and general contractor.

* Plans are in the works for the renovation and expansion of University Mall in Chapel Hill and Parkwood Mall in Wilson. Both are owned and managed by Greens-boro, N.C.-based Steven D. Bell & Co. At University Mall, plans include a complete interior and exterior renovation as well as remerchandising to a more upscale format, with completion estimated for September 2002. The 355,554 sq. ft. center is anchored by Belk, Dillard's, Roses and Harris-Teeter. At Parkwood Mall, plans also include a major remerchandising and renovation, including the relocation of K&W Cafeteria, the remodeling of Belk and the addition of a new, 87,000 sq. ft. Sears store. The 590,419 sq. ft. center also is anchored by J.C. Penney.

* Renovation and expansion work is expected to be completed next month on The Shops at Northgate. The project involved doubling the size of the center from 46,669 sq. ft. to 86,813 sq. ft.; adding a new anchor, OfficeMax; expanding the parking; changing the name (formerly Northgate Convenience Center); and reworking the facade to include a new canopy system and sign criteria. The center also features Harris-Teeter and Boston Market. It is owned and managed by Durham-based Northgate Associates Limited Partnership.

* Chicago-based Urban Shopping Centers Inc. plans to develop a two-level, 1 million-plus sq. ft. mall on a tract of land in Durham that fronts Interstate 40 between two major interchanges. As currently envisioned, the mall would include five major department stores, 120 specialty stores, a food court and an entertainment component, including a theater and several restaurants. If the development plan is approved by the city, the project is expected to break ground in spring 1999 with a scheduled opening of fall 2000 or spring 2001. In conjunction with the mall, Midland 751 Development Co. LLC has proposed an adjacent mixed-use development that would include 400,000 sq. ft. of office space, three hotels and approximately 450 multi-family units, with staggered openings scheduled throughout the next two to three years.

* The Richard E. Jacobs Group, Cleveland, is expanding, renovating and reconfiguring Eastridge Mall in Gastonia. A new, relocated J.C. Penney is now open; Dillard's will open a new, relocated store in November 1999; Sears will take the Dillard's space and open in summer 1999; and Matthews Belk is undergoing an extensive interior renovation. Meanwhile, the mall's interior is being updated to include new exterior mall entrances and a relocated food court, both of which are expected to be completed next month.

In addition, the company is developing Triangle Towne Center in Raleigh. The 1.3 million sq. ft. superregional enclosed mall is projected to open in fall 2001 with five anchors and approximately 150 specialty stores, including a food court. Belk and Dillard's have already committed to the center.

* Fiddler's Run Shopping Center is being developed in Morganton with an expected completion of March 1999. The 203,926 sq. ft. power center will feature Belk, J.C. Penney, Goody's Family Clothing, Food Lion and Staples. It is a project of Chattanooga, Tenn.-based CBL & Associates Properties Inc.

* Work continues on The Forum, a 100,000 sq. ft. upscale specialty retail center designed in the tradition of classic Roman architecture. Tenants in the Wilmington project's 50,000 sq. ft. first phase, including Milano's Restaurant and NOFO (gift shop and art gallery), will begin opening this month. Sitework was scheduled to begin late last month on the 50,000 sq. ft. second phase. The center is a development of Wilmington-based Swain & Associates.

* Robbins Town Center, a 41,337 sq. ft. necessity retail center anchored by Lowes Foods, opens this month in Robbins. Columbia, S.C.-based Edens & Avant owns and manages the center.

SOUTH CAROLINA * Charlotte, N.C.-based Lat Purser & Associates is developing McConnells Corner, a 48,635 sq. ft. neighborhood center in Rock Hill. Occupancy is slated for late spring 1999. Anchors include Food Lion and Family Dollar.

* Cary, N.C.-based Konover Property Trust, formerly FAC Realty Trust, is developing Mt. Pleasant Towne Center near Charleston in Mt. Pleasant. The 425,000 sq. ft. lifestyle center will be anchored by Barnes & Noble, Consolidated Theatres, Belk and Bed, Bath & Beyond when completed in summer 1999.

* Aiken, S.C.-based Wyatt Development Co. Inc. has two new projects under way in the state: Southside Commons in Florence and White Horse Commons in Greenville. Both will be anchored by a Wal-Mart Supercenter and will feature more than 30,000 sq. ft. of shop space when completed in spring 1999.

* Citadel Mall in Charleston is being expanded, redeveloped and reconfigured by The Richard E. Jacobs Group, Cleveland. Anchor Belk will relocate to an expanded location and open in spring 2000, at which time Parisian will purchase and remodel the former Belk store and open in fall 2000. In January, work will begin on a new food court scheduled to open in fall 1999. Other anchors at the 1 million sq. ft. center include J.C. Penney and Sears.

* Redevelopment work is under way on Charles Town Square in North Charlestown. The project, expected to be completed in May 1999, will feature a 75,000 sq. ft. Regal Cinema and 125,000 sq. ft. of additional retail space for big-box stores and smaller specialty shops. Owned and managed by Indianapolis-based Simon Property Group, the 311,000 sq. ft., open-air retail, hotel and entertainment complex also is anchored by Montgomery Ward.

* Work was completed this summer on the expansion of Prime Outlets at Gaffney in Gaffney. The 280,000 sq. ft. center, owned and managed by Baltimore-based Prime Retail, features such tenants as Bass Company Store, Black & Decker, Brooks Brothers, Corning Revere and Sony.

* Birmingham, Ala.-based AIG Baker Shopping Center Properties LLC is developing Cherrydale Plantation in Greenville. The 396,732 sq. ft. power center is expected to be completed in third quarter 1999. No anchors have been announced.

* An 80,080 sq. ft. expansion was completed in April at Myrtle Beach Factory Stores in Myrtle Beach. Some of the new tenants include Polo/Ralph Lauren, Nike Factory Store, J. Crew, Disney Catalog Outlet, Jones New York, Stiffel Lamp Co. and OshKosh B'Gosh. Last month, an Eddie Bauer Outlet (Phase IV) also opened next to Off 5th-Saks Fifth Avenue. The center is owned and managed by Vienna, Va.-based Charter Oak Partners.

TENNESSEE * Murfreesboro, Tenn.-based Phoenix Associates LLC is developing two new power centers in the state. Hickory Hollow Centre is an 850,000 sq. ft. project in Nashville that is expected to be completed in summer 2000. Knob Creek Centre is a 330,000 sq. ft. development in Johnson City that is expected to be completed in summer 1999. No anchors have been announced for either project. Atlanta-based JDN Realty Corp. owns and manages both centers.

Phoenix Associates and JDN Realty also are teaming up on the development of Towne Centre in Murfreesboro. The 387,512 sq. ft. project will be anchored by Target, T.J. Maxx, Books-A-Million, Pier 1 Imports, Party City, Dress Barn, Sneakers Plus, Toys 'R' Us and Lowe's (Phase II). It is expected to be completed in May 1999.

* The Atlanta office of Dallas-based Trammell Crow Co. is developing Winchester Commons, a 108,000 sq. ft., Kroger-anchored neighborhood center in Memphis. The center, which is owned by Charlotte, N.C.-based Faison Enterprises, is expected to be completed in February 1999.

* Ground breaking is scheduled for this month on Opry Mills, a 1.1 million sq. ft. superregional retail and entertainment complex located on the existing Opryland USA grounds in Nashville. Expected to open in spring 2000, the project is a joint partnership between The Mills Corp., Arlington, Va., and Gaylord Entertain-ment Co., Nashville.

* Prime Outlets at Lebanon, a 206,000 sq. ft. project of Baltimore-based Prime Retail, opened this spring. The open-air, village-style outlet center features such tenants as Brooks Brothers, Coach, DKNY, Eddie Bauer, Gap Outlet, Jones New York, Nautica, Nike, Tommy Hilfiger and Polo/Ralph Lauren.

* Sears will join the anchor lineup at Bellevue Center as part of an expansion and remerchandising of the mall, located west of downtown Nashville. Sears will add a two-level, 121,000 sq. ft. department store and tire center in fall 1999, and leasing is under way to add new restaurants and specialty stores to complement existing retailers. Other anchors include Dillard's and Castner Knott. Chicago-based General Growth Prop-erties Inc. manages the center.

* Renovation work was completed last fall on Knoxville Center (formerly East Towne Mall) in Knoxville. The 970,673 sq. ft. center, anchored by Dillard's, J.C. Penney, Proffitt's, Sears and Service Merchandise, added a number of new tenants as part of a remerchandising effort. Indianapolis-based Simon Property Group owns and manages the center.

* The expansion of Hampton Plaza in Clarksville was completed in January. The 189,302 sq. ft. necessity retail center, anchored by Books-A-Million and Sam's Club, is owned and managed by Columbia, S.C.-based Edens & Avant.

FLORIDA (see expanded listing in SCW August)

* The Shops at World Golf Village, an 80,000 sq. ft. specialty retail center in St. Augustine, is expected to open this fall. A development of Atlanta-based Cousins Properties Inc., it will feature upscale shops and restaurants, including PGA Tour Stop and Tour Tavern Restaurant. The shopping center is part of a mixed-use resort that also includes the World Golf Hall of Fame, World Golf Library, World Golf Resort Hotel and Convention Center, and three golf courses.

* Remerchandising efforts have been under way at Osceola Square Mall in Kissimmee. A new, 72,000 sq. ft. Beall's department store, 17,000 sq. ft. Will's Book Store, 12,000 sq. ft. Service Merchandise jewelry operation and 4,700 sq. ft. Footaction recently opened. Managed by Greensboro, N.C.-based Steven D. Bell & Co., the mall is anchored by Beall's, Upton's and Ross Dress for Less.

* Indianapolis-based Simon Property Group is developing Water-ford Lakes in Orlando. The 1.1 million sq. ft., open-air retail and entertainment complex will feature movie theaters, indoor recreation, power center anchors, mall-type tenants, restaurants and health clubs. Expected to be completed in fall 1999, it will be anchored by Sears, Burdine's, Parisian and Dillard's.

* Expansion work is continuing on the entertainment phase of Sawgrass Mills in Sunrise. The 300,000 sq. ft. open-air complex, slated to open in March 1999, will feature such previous- ly announced tenants as GameWorks alongside several recent additions. They include Hard Rock Cafe, Legal Seafood, Los Ranchos, The Cheesecake Factory, La Salsa, Ghiradelli, Ron Jon's, Samsonite, Fila, Jennifer Tyler, Steel Thunder and Sosa Cigar. Sawgrass Mills is owned and managed by The Mills Corp., Arlington, Va.

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