Shopping Centers Today -> September 2003
 PRINT THIS STORY:
|
  CHANGE TEXT SIZE: |
CHELSEA PROPERTY GROUP
Chelsea Property Group has completed the expansion of its flagship
Japanese outlet center, Gotemba (Japan) Premium Outlets, making
it the largest in that country. Gotemba, which originally opened
in July 2000 and is located 60 miles west of Tokyo, is now nearly
double its original size of 220,000 square feet. Chelsea added 68
new stores, including Armani, Dolce & Gabbana and Tommy Hilfiger,
and five restaurants. The center, one of three outlets the company
owns in Japan, lies midway between Mt. Fuji and the Hakone resort
area.
POAG & MCEWEN
Poag & McEwen Lifestyle Centers opened the 230,000-square-foot
Shops at Briargate, Colorado Springs, Colo. Among the lifestyle
center’s 50 tenants are Coldwater Creek, Pottery Barn and Williams-Sonoma.
It is the sixth lifestyle center the Memphis, Tenn.-based company
has opened in 17 years.
RMC PROPERTY GROUP
Tampa, Fla.-based RMC Property Group is building and redeveloping
a total of five community centers with Publix supermarkets in the
state. The centers that the developer is building are Publix at
Miller West, Miami, to open in October; and Publix Center of St.
Cloud (Fla.) and Publix at Winthrop Village, Brandon, both scheduled
to open this month. RMC is redeveloping Publix at Forty East Shopping
Center, Ocala, set to open in November; and Publix at Haines City
(Fla.) Mall, to open in March 2004.
TANGER FACTORY OUTLET CENTERS
Tanger Factory Outlet Centers is expanding its Tanger Five Oaks,
Sevierville, Tenn., about 25 miles southeast of Knoxville, by 35,000
square feet. When the company completes the expansion, which it
expects to do by the end of the month, the center will total 419,000
square feet.
OLIVERMcMILLAN
OliverMcMillan will open Glen Town Center, its 470,000-square-foot
entertainment and lifestyle development in Glenview, Ill., about
20 miles north of downtown Chicago, on Oct. 17. A Von Mauer department
store and a Galyan’s Sports & Outdoor Adventure store will
anchor the center, which broke ground in October 2002. It was built
in partnership with the Village of Glenview as part of a 1,200-acre
master-planned community.
EDENS & AVANT
Edens & Avant is developing two grocery-anchored centers in
the Washington D.C.-Baltimore area, both of them scheduled to open
in the spring of 2004. The 86,460-square-foot Arundel Village, Hanover,
Md., will be anchored by a Safeway, while the 96,343-square-foot
Marketplace at Potomac Station, Leesburg, Va., will have Giant Food
as an anchor.
MALL PROPERTIES
Mall Properties will complete the retail renovation of Parkchester,
a Bronx, N.Y., mixed-use project, this month. The New York City-based
company, which manages the center’s 600,000 square feet of
retail, reduced a renovated Macy’s store by 21,000 square feet
and converted that space into an open-air area with seven new tenants,
including Lerner New York and Motherhood Maternity.
CBL & ASSOCIATES
CBL & Associates has broken ground on the 55,757-square-foot
Shoppes at Panama City (Fla.). The community center is to be anchored
by a Best Buy and to have nine small-shop tenants. CBL expects to
complete work in the spring of 2004.
COLONIAL PROPERTIES
The 148,000-square-foot first phase of the retail portion of Colonial
TownPark, Colonial Properties Trust’s mixed-use project in
Lake Mary, Fla., is scheduled for completion in November. The center
will be anchored by an Amstar theater and is to include small shops
and restaurants. The Birmingham, Ala.-based developer has already
built 500,000 square feet of offices and 456 apartment units. An
Albertsons is scheduled to open at TownPark in April 2004.
SIMON PROPERTY GROUP
The University of Texas has picked Simon Property Group to build
a mixed-use project on a university-owned, 46-acre parcel in North
Austin, Texas. The open-air center, to be called The Shops at Arbor
Walk, will have 550,000 square feet of retail and 200 housing units.
Simon said it will own and manage the retail portion of Arbor Walk
and probably bring in a partner to build the housing.
URBAN RETAIL PROPERTIES
Urban Retail Properties is coordinating the development of a $300
million mixed-use project in downtown Branson, Mo., about 250 miles
southwest of St. Louis. The company will lease and manage the property
too. The project, to be developed by the city of Branson and HCW
Development, will include 190,000 square feet of retail, a 220,000-square-foot
convention center and a 300-room hotel. The retail portion is slated
to open in mid-2005.
THE MILLS CORP.
The Mills Corp.’s St. Louis Mills, Hazelwood, Mo., scheduled
to open Nov. 13, will include an entertainment venue called SportStreet.
The venue will feature an ESPN X Games Skatepark, an ice rink and
practice facility for the St. Louis Blues hockey team and a NASCAR
Speedpark.
