Shopping Centers Today -> November 2003
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DEVELOPMENT IN BRIEF
RED DEVELOPMENT
Two lifestyle centers RED Development is set to open
in the Midwest this month follow two centers it launched there last
month. The 136,000-square-foot Shops at Boardwalk, Kansas City,
Mo., and the 172,000-square-foot, enclosed Regency Court, Omaha,
Neb., are both slated to open on the 10th. In September RED unveiled
the 400,000-square-foot Shoppes at Arbor Lakes in Maple Grove, Minn.,
about 16 miles northwest of Minneapolis, and the 325,000-square-foot
Greenway Station, Middleton, Wis., about six miles west of Madison.
PINE TREE COMMERCIAL REALTY
Lake Bluff, Ill.-based Pine Tree Commercial Realty broke ground
on phase three of its 470,000-square-foot Deer Trace Plaza, in Kohler,
Wis., about 57 miles north of Milwaukee. A Target will anchor the
project, which is set to open in the spring of 2004 and will measure
129,000 square feet. The first phase opened in the spring of 2001,
with a Home Depot as anchor.
GENERAL GROWTH PROPERTIES
The facades and storefronts of the two-level, open-air Chula Vista
(Calif.) Center will soon sport a new, Main Street look. General
Growth Properties expects to complete renovations on the 884,880-square-foot
center by year-end. The Chicago-based developer is also renovating
the 305,000-square-foot Cache Valley Mall, Logan, Utah, with a new
food court, flooring and outdoor facades. Dillard’s, Dillard’s
Home and Men’s Store, and J.C. Penney anchor the center.
RAWSON, BLUM & LEON
The Mall of Orange (Calif.), about 30 miles southeast of Los Angeles,
has been renamed The Village at Orange. In addition, the 822,350-square-foot
center is undergoing a $57 million renovation that will expand it
by 36,000 square feet. The project, to be completed this month,
will bring in a Cost Plus World Market, a Linens ’n Things
and some restaurants. Rawson, Blum & Leon owns Village at Orange,
and Jones Lang LaSalle manages it.
CBL & ASSOCIATES
The Dillard’s in CBL & Associates’ 933,065-square-foot
Northwoods Mall, North Charleston, S.C., will expand by 30,000 square
feet as part of an overall renovation of the mall itself. Work is
scheduled to begin in January. The mall’s upgrades will include
new flooring, entrances and signage.
THE IRVINE CO.
The Irvine Co.’s 832,000-square-foot Irvine (Calif.) Spectrum
is getting two new anchors: a 125,000-square-foot Nordstrom scheduled
to open in late 2005 and a 135,000-square-foot Target opening in
late 2006. The two will join current anchor Robinsons-May.
