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Shopping Centers Today -> June 2003
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NEWS IN BRIEF
SHOPS, GOLF AND HOMES
The Walnut Creek, Calif.-based Cambay Group has gotten preliminary government approval to build a mixed-use project about 75 miles west of San Francisco. It expects to begin construction next year. River Islands at Lathrop (Calif.) will contain 250,000 square feet of retail, two 18-hole golf courses, 11,000 residential units and other features.MIXED-USE IN BROOKLYN
Canyon-Johnson Urban Fund, Beverly Hills, Calif.; and Anderson & Associates, New York City, have broken ground on a 90,000-square-foot mixed-use project in the Park Slope neighborhood of Brooklyn, N.Y. The project is slated to contain 4,500 square feet of street-level shops. The eight-story development, called Park Place Condominiums, will include 47 market-rate condominiums and a 25-space underground parking garage.MALL FOR DENVER AREA
Denver-based developer Jordon Perlmutter has bought 240 acres in Thornton, Colo., 10 miles north of Denver, where he says he plans to build a regional mall called Lark Ridge. Plans are for the center to span up to 2 million square feet and to open sometime in 2005.SAN FRANCISCO POWER CENTER
San Francisco-based Catellus Development Corp. plans to break ground this summer on Pacific Commons, Fremont, Calif., about 35 miles southeast of San Francisco. The project will have power center retail pads totaling about 700,000 square feet and is set for completion in the second half of 2005.CALGARY LIFESTYLE CENTER
Toronto-based Cadillac Fairview and Montréal-based Ivanhoe Cambridge are renovating the 750,000-square-foot Market Mall, Northwest Calgary, Alberta. The renovation, which started in February, will cost C$90 million ($63.4 million) and add 150,000 square feet. Completion is slated for the fall of 2004.AURORA MALL EXPANDING
Simon Property Group says it will redevelop Aurora (Colo.) Mall in the suburbs of Denver. The company will add a 180,000-square-foot Dillard’s by 2005, and a new food court and mall entrances will be finished next year. Local media reports put the price tag at $100 million.NEW LOOK, NEW NAME
Petrie Ventures, Annapolis, Md., and Cleveland-based Heritage Property Group are redeveloping the 470,000-square-foot Forest Village Park Mall, Forestville, Md., and renaming it The Centre at Forestville. The companies are adding a 125,400-square-foot Target as an anchor.NORDSTROM ULTIMATUM
Nordstrom wants to move out of Crossroads Plaza, in downtown Salt Lake City, and open a 124,000-square-foot store in the nearby Gateway. But a city ordinance passed specifically to prevent such moves as Nordstrom’s prohibits stores that span more than 45,000 square feet from entering Gateway. To override the ban, Nordstrom must first get approval from the city council. If that isn’t forthcoming, the retailer says it might leave town, reports the Deseret News of Salt Lake City.DICK’S SPORTING GOODS
Dick’s Sporting Goods stores will go into two CBL & Associates malls — East Towne Mall and West Towne Mall, both in Madison, Wis. — in spaces vacated by The Boston Stores, which is relocating its units inside the same centers.Shopping Centers Today
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