Jacksonville, Fla. - Atlanta-based Ben Carter Properties is developing Deerwood Town Center, a $320 million mixed-use project that will include 1.2 million sq. ft. of retail and restaurant space; 400,000 sq. ft. of office space; a 200-room hotel; and 450 apartments. Upon completion in 2003, the center will be home to retailers including Lord & Taylor, Nordstrom and Neiman-Marcus.
North Raleigh, N.C. - Falls Pointe Shopping Center, a 185,132 sq. ft. community center is being developed by Cary, N.C.-based Konover Property Trust Inc. The center is a joint venture between Konover and Robert V. Hughes, for which Konover serves as managing partner. Tenants include a 36,000 sq. ft. Harris Teeter plus 26 specialty retail stores. Kohl's, a new entry in the Research Triangle market, has purchased 10 acres adjacent to the center for an 87,000 sq. ft. department store. The center is due for completion in spring 2001.
Phoenix - Locally based The Pederson Group has unveiled plans for a 154,000-sq.-ft. community center called Grayhawk Plaza. The center is part of the city's upscale planned community of Grayhawk and will include anchors such as a 57,500 sq. ft. prototype Bashas' supermarket and a 14,390-sq.-ft. Walgreens. The $14 million center is scheduled to open in October 2001.
San Marcos, Calif. - Jacksonville, Fla.-based Regency Realty Corp. is developing a 143,000 sq. ft. community center near the San Marcos Civic Center and Cal State San Marcos. Located on 16 acres, the as-yet-unnamed center will be anchored by Ralph's supermarket, with Sav-On Drugs, Hollywood Video and Blockbuster as proposed tenants.