Major tenant happenings South Burlington, Vt. - The Bon-Ton opened in November at University Mall in South Burlington. The 60,000 sq. ft. full-line department store is the company's first location in the state and the newest anchor at the 600,000 sq. ft. center. University Mall also is home to JCPenney, Sears, Ames and more than 70 shops and eateries. It is managed by Burlington, Mass.-based Finard & Co. LLC. The Bon-Ton Stores Inc., York, Pa., operates 66 stores in secondary markets in Pennsylvania, New York, Maryland, Massachusetts, West Virginia and New Jersey.
Muskegon, Mich. - Sears, JCPenney and Younkers are making plans to anchor The Lakes Mall, a 700,000 sq. ft. regional mall being developed in Muskegon. Sears will be the largest of the three department stores, occupying 115,600 sq. ft., plus an 8,000 sq. ft. adjoining automotive store. JCPenney will have 106,731 sq. ft. of space and Younkers will have 106,131 sq. ft. Sears is expected to open in March 2001, and JCPenney and Younkers will open with the rest of the mall in August 2001.
Plans for the new center include two additional large-space users, a food court, sit-down restaurants and approximately 75 mall shops and locations for freestanding businesses on the periphery of the site. The Lakes Mall is a project of Chattanooga, Tenn.-based CBL & Associates Properties Inc. Cleveland-based KA Inc.,is serving as the design architect.
New developments Huntington Beach, Calif. - Phase I of Seacliff Village, a 258,000 sq. ft. retail center in Huntington Beach, is expected to open in March. The $45 million project is a joint development of Walnut, Calif.-based Shea Properties and Los Angeles-based Morgan Stanley Real Estate Fund. Anchors will in clude a Lucky/Sav-on Drugs combo store and Orchard Supply Hardware. Phase II, which includes demolition of an existing Lucky store and buildout of the rest of the site to accommodate a range of retail uses, will follow with tenants expected to open by year's end.
Expansions Lake Forest, Calif. - DMK, a Tustin, Calif.-based general contractor, has completedof the Food Festival at Foothill Ranch Towne Centre & Marketplace in Lake Forest. The $2 million addition includes 19,180 sq. ft. of restaurant shell space and a 30,000 sq. ft. plaza area. The wood-frame food court building was designed with festive colors to accent the existing retail center and new Regal 22 Cinema complex. The 1.3 million sq. ft. Towne Centre & Marketplace is owned by Foothill Ranch Co., Foothill Ranch, Calif., and Pacific Development Group, Newport Beach, Calif. Anchors include Wal-Mart, Mervyn's, HomeBase, Staples and Target.
Redevelopments St. Louis - The former bridge area, which connects the east and west wings of Westfield Shoppingtown Crestwood in St. Louis, was recently unveiled. A total of 26,000 sq. ft. of new retail space joined the existing 974,000 sq. ft. center. Eight tenants opened in the space, including Buckle, The Children's Place, Finish Line, Pacific Sunwear, Select Comfort, Wilson's, Claire's and Forever 21. Westfield Shoppingtown Crestwood is anchored by Dillard's, Famous-Barr and Sears, and features more than 150 specialty stores. It is owned and managed by Los Angeles-based Westfield.
Center openings Orlando, Fla. - Grand reopening festivities were held in November at The Florida Mall in Orlando. The event marked the unveiling of a multimillion-dollar renovation and expansion of the center, as well as the addition of a number of new tenants, many of which are new to the market. Some of them include Abercrombie & Fitch, American Eagle Outfitters, Brooks Brothers, Cutter & Buck, Build-A-Bear Workshop, Eddie Bauer, J. Crew, Charlotte Russe, Chico's, Old Navy, Polo Jeans Co., Surf Zone, Tommy's Island, Rampage, Swim-N-Sport, Vertigo, White House & Black Market, abercrombie kids and The Children's Place.
The Florida Mall, which totals 1.6 million sq. ft. and now features a completely renovated food court, is anchored by Dillard's, Sears, JCPenney, Parisian, Saks Fifth Avenue and Burdines. Indianapolis-based Simon Property Group owns and manages the center.