Shopping Centers Today -> May 2003
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NEWS IN BRIEF
Park Place, Sacramento, Calif.
Donahue Schriber and Lennar Communities opened Park Place, a neighborhood
shopping center in Natomas Park, a Sacramento, Calif., mixed-use
community development. A 60,000-square-foot Raley’s market
anchors the 109,550-square-foot shopping center. Architectural firm
MGA, Irvine, Calif., designed a Mediterranean look, using stone,
colonnades, trellises, roof tiles and exposed rafter tails. The
project opened in December 2002.
Diplomat Landing, Hollywood, Fla.
Stiles Retail Group is leasing Diplomat Landing, Hollywood, Fla.,
a 52,000-square-foot specialty retail and entertainment center on
the Intracoastal Waterway at The Westin Diplomat Resort & Spa.
Connected to the resort by a pedestrian skywalk over Ocean Drive,
the center includes retail, restaurants and nightclubs. Diplomat
Landing’s trade area includes South Florida’s most affluent
communities and the heavy tourist traffic generated by the hotel,
convention center and spa. The center also has its own boat slips
for customers on the Intracoastal Waterway, valet parking and a
1,500-space garage.
The Streets of Tanasbourne, Portland, Ore.
Continental Retail Development, Columbus, Ohio, expects to begin
construction this month on The Streets of Tanasbourne, Portland,
Ore. The lifestyle center will be located in the heart of an existing
850-acre, mixed-use development. Continental plans to open The Streets
of Tanasbourne in the fall of 2004 and already has commitments from
Abercrombie & Fitch, American Eagle Outfitters, Ann Taylor,
Chico’s and Hollister. The center will also feature a 160,000-square-foot
Meier & Frank department store, the first to be built in more
than 20 years.
The Capitol at Chelsea, New York City
Rose Associates, New York City, is leasing the retail, commercial
and residential components of The Capitol at Chelsea, a 37-story
building in New York City. Located at the center of the fast-growing
Sixth Avenue corridor between 23rd and 34th streets, the Capitol
offers ground-floor retail space, as well as 60,000 square feet
of office space on three floors and a residential portion with 387
studio-to-two-bedroom rental apartments.
The Shops at Las Americas, San Diego
The Shops at Las Americas, San Diego, has unveiled a renovated Plaza
de Estrella (Star Plaza), a partly open-air dining area. Designed
as a mixed-use center, the 370,000-square-foot Shops at Las Americas
opened in November 2001. It straddles the border between the United
States and Mexico. San Diego-based owner LandGrant Development is
planning an expansion that will nearly double the center’s
size, bringing in such retailers as BCBG, Polo Ralph Lauren and
Versace. Further, LandGrant is considering additions of hotel, office
and residential space.
The Glen Town Center, Glenview, Ill.
Seven new tenants, totaling more than 14,000 square feet, have signed
leases to join The Glen Town Center, Glenview, Ill., a mixed-use
development that will open in the fall. The retail and entertainment
project is a redevelopment of the former Naval Air Station and spans
more than 1 million square feet of space. The center will also have
183 apartments and 154 town houses over the retail space. The new
tenants include a 10-screen Crown theater. San Diego-based Oliver
McMillan is the developer.
Sunset Crossing, Gainesville, Va.
Regency Centers, Jacksonville, Fla., has opened an office in Washington,
D.C., and is expanding its presence in the area. In October it is
scheduled to open a 120,000-square-foot neighborhood shopping center
in Gainesville, Va., called Sunset Crossing, anchored by Shoppers
Food Warehouse. Regency also owns four other centers in the area,
all in Virginia.
Lincoln Park Center, Chicago
North/Halsted is developing Lincoln Park Center, a 59,500-square-foot
retail complex in Chicago. Located at the intersection of Halsted
Street and Clybourn and North avenues, the center will be anchored
by LaSalle Bank and Borders Books, and will be accessible from the
Chicago Transit Authority’s Brown Line elevated track. Lincoln
Park Center is slated for a fall completion.
Boulevard Shopping Center, Philadelphia
Lavipour & Co. is redeveloping its Boulevard Shopping Center,
Philadelphia, and plans to add the city’s second Target store
to the project. Metro Commercial Construction, Mt. Laurel, N.J.,
which is executing the project, tore down the old A.J. Wright clothing
store and cleared away about 209,500 square feet of retail space.
Target is scheduled to open this summer.
