Baltimore - In a period of less than two weeks, Baltimore-based Prime Retail announced plans to develop three new outlet centers: two in New Jersey and one in California.
A 410,000 sq. ft. center is planned for Pleasantville, N.J., serving the New Jersey shore. It will be built on 53 acres between exits 2 and 4 along the north side of the Atlantic City Expressway and in close proximity to the Garden State Parkway. Projected to open in 2000, the first phase will total 210,000 sq. ft. and include approximately 60 stores.
The company also has signed an agreement in principle with Secaucus, N.J.-based Hartz Mountain Industries to form a partnership to build a 300,000 sq. ft. outlet center on Hartz-owned land in Secaucus, N.J. Prime Outlets at Secaucus is expected to open in 2000 with approximately 90 brand-name designer and specialty outlet stores.
In California, Prime Retail plans to develop a 220,000 sq. ft. center in Camarillo. Being built adjacent to the existing Camarillo Premium Outlets, it is projected to open in spring 2000 with approximately 50 stores. Prime Outlets at Camarillo will be integrated with an existing Edwards Theatre megaplex, which will be expanded to 22 screens.
West Jordan, Utah - Construction is under way on Jordan Landing, a 400-acre, mixed-use development in West Jordan. The project will include an 80-acre retail/entertainment complex called Jordan Landing Shopping Center, which will feature 780,000 sq. ft. of GLA in an open-air setting. Dallas-based Cinemark Theatres (expected to open in July) will anchor the 150,000 sq. ft. entertainment area. The rest of the complex will include 170,000 sq. ft. of lifestyle retailing, including apparel, book, sporting good and music users and a community shopping area consisting of a supermarket, drugstore and complementary retail uses. All retail phases are expected to be completed by spring 2000.
Other components of Jordan Landing include single-family homes; multi-family units; professional office, business research and light industrial manufacturing parks; an 18-hole championship golf course; and a hotel. The project is a development of Russell W. Grosse Development Co., Carlsbad, Calif. Los Angeles-based CB Richard Ellis is responsible for marketing and leasing the retail component.
Highland Park, Ill. - Construction is under way on Renaissance Place, an upscale 200,000 sq. ft. retail, office, entertainment and residential development in downtown Highland Park. Scheduled to open in early 2000, the project is being developed by Chicago-based Heitman Retail Properties and Highland Park-based Lake Shore Development Corp. Saks Fifth Avenue is building a 50,000 sq. ft. Main Street concept store to anchor the retail portion of the development, which also includes Landmark Theatres, Brent Books, Talbot's, Williams-Sonoma, Pottery Barn, Restoration Hardware, Nina W., Eddie Bauer, AnnTaylor, Chico's, Rosebud Restaurant and Soloman SmithBarney.
Orlando, Fla. - Site work recently began for Waterford Lakes Town Center, a 1.1 million sq. ft., open-air shopping and entertainment complex located within Orlando's residential community of Waterford Lakes. The 113-acre site will feature an assemblage of freestanding buildings, including 17 anchor stores, 10 restaurants and entertainment in a landscaped setting linked by a network of covered pedestrian walkways. Scheduled to open in December, the first phase will encompass 600,000 sq. ft. A 450,000 sq. ft. second phase is slated for completion in 2000. Retail anchors will include Ross Dress for Less, T.J. Maxx, Barnes & Noble, OfficeMax, Party City and Waves Music Superstore. A letter of intent also has been signed for a 185,000 sq. ft. SuperTarget. Dining and entertainment anchors include Regal 20-Plex Multi-Cinema, Just For Feet, Macaroni Grill and Longhorn Steaks. The project is a development of Indianapolis-based Simon Property Group.
Walnut Creek, Calif. - Broadway Pointe, an approximately 80,000 sq. ft. collection of home furnishing, kitchenware, lifestyle retailers and popular restaurants debuted recently in Walnut Creek. Anchored by Bank of America, the retail development includes Eddie Bauer, Pottery Barn, Restoration Hardware, Williams-Sonoma, Grand Cuisine, Il Fornaio, Starbucks and Jamba Juice. The center is a joint development of Word Meany Venture LLC and BankAmerica Realty Services Inc., both based in the San Francisco Bay area.
Merriam, Kan. - Grand opening ceremonies recently were held for Merriam Town Center, a 500,000 sq. ft. shopping center in Merriam. Four years in the making and at a cost of $42.5 million, the center is the first of this magnitude ever built in the city. It is anchored by Home Depot, Marshalls, OfficeMax, Hen House Supermarket, Old Navy, Pier 1 Imports, Cinemark Theater and PetsMart. Other tenants include GNC, Party City, Ritz Camera, Great Clips, Blockbuster Video, Famous Footwear and The Mattress Firm. Merriam Town Center is owned and managed by Cleveland-based Developers Diversified Realty Corp.
Calabasas, Calif. - The Commons at Calabasas, a 200,000 sq. ft. community retail center combining shopping, art and leisure, recently opened in Calabasas, a suburb of Los Angeles. Designed as an Italian village with two-story buildings set on 22 acres, the complex features open-air plazas, shaded courtyards, pedestrian paths, a manmade lake, various sculptures and regularly scheduled entertainment.
Already 100% leased, tenants include Ralphs Signature Series Grocery (a new gourmet concept), Barnes & Noble, Rite Aid, Imaginarium, Gymboree, Polacheck's Jewelers, Luigi Basile, Siany Leather, Haywards Home, Maison d'Optique and a six-screen Edwards Cinema. Restaurants include Marmalade, Mi Piace, Johnny Rockets, La Salsa, Gary's Island, Robeks Juice and Starbucks Coffee. The project is a development of Caruso Affiliated Holdings, Santa Monica, Calif. The architect was David W. Williams of Caruso.
Irving, Texas - Grande Center, a 78,394 sq. ft. peripheral development to Irving Mall in Irving has a new look thanks to a recent renovation project. Work included completely updating the facade of the center by adding a Mediterranean appearance through extensive use of stone, brick and tile. Tower and raised storefront elements also were added to enhance visual impact. Tenants at the center, which is managed by Dallas-based Cencor Realty Services Inc., include Clothestime, PS Plus Sizes and Hooters restaurant.
Washington, D.C. - Renovation work recently was completed at Spring Valley Shopping Center in northwest Washington. New architectural elements and colors, new signage along with a new monument sign, repaving and painting of the parking lots, enhanced lighting and new landscaping were part of the project. Owned and managed by Bethesda, Md.-based First Washington Realty Trust Inc., the center includes Wagshal's Deli and Market, CVS/Pharmacy, Melio's Restaurant, Carriage Lamp Cleaners and MotoPhoto.
Huntsville, Ala. - Plans are in the works for a total redevelopment of Parkway City Mall in Huntsville. The new center, to be renamed Parkway Place, will feature two department stores, specialty stores and a food court. Plans for a third anchor also are being considered. The project is expected to begin in the spring with the razing of the former Montgomery Ward store. No completion date has been set. The center's development and management functions are the responsibility of Chattanooga, Tenn.-based CBL & Associates Properties Inc. Leasing is being handled by Birmingham, Ala.-based Colonial Properties Trust.
Augusta, Maine - Development work has begun on Phase III of The Marketplace at Augusta, a 300,000 sq. ft. center in Augusta. Encompassing 400,000 sq. ft. and being built adjacent to earlier phases of the project, the new phase will be anchored by a 132,000 sq. ft. Home Depot store, which is scheduled to open this fall. In addition, plans call for Linens 'n Things as well as a number of other big-box retailers to open at the center in the next two years.
In conjunction with Phase III work, existing tenant Wal-Mart also will be expanding to its superstore format. Completion of this expansion is scheduled for this spring. Other anchors at the center include Sam's Club, Staples, Barnes & Noble, Michaels, Pet Quarters and Hoyt's Cinemas. The Marketplace at Augusta is a project of Chestnut Hill, Mass.-based W/S Development Associates LLC.
Mount Airy, Md. - Construction is expected to begin in April and be completed in spring 2000 on an expansion of Mount Airy Shopping Center in Mount Airy. Plans include the addition of a 102,573 sq. ft. Wal-Mart store, an expansion of existing tenant Safeway as well as 23,400 sq. ft. of new shop space. A renovation also is scheduled. Mount Airy Shopping Center is owned by Mount Airy Shopping Center LLC, an affiliate of The Rappaport Cos., Vienna, Va. Rappaport also serves as the manager.