RETAIL DEVELOPERS SHOWCASE
Dec 1, 2006 12:00 PM
There are a lot of retail and mixed-use projects opening next year. Respondents to our survey submitted nearly 100 that will debut during 2007. Here we've selected eight of the largest. The combined value of these eight projects — regional malls, mixed-use complexes and lifestyle centers — is almost $2.6 billion combined. The biggest of the bunch is Cordish Co.'s Power & Light District in Kansas City, which clocks in at $850 million.
Power & Light District
Developer: Cordish Co.
Location: Kansas City, Mo.
Opening: Second Quarter
Property Type: Mixed-Use
Project Type: New Development
Cost: $850M
Size: 1,300,000 sq. ft. office; 1,200 residential units, 450,000 sq. ft. retail and entertainment, 400 hotel rooms
Leasing contact: Blake Cordish; blake@cordish.com; 410.752.5444
The Shoppes at Palazzo
Developer: General Growth Properties
Location: Las Vegas
Opening: Fourth Quarter
Property Type: Regional Mall
Project Type: Expansion
Size: 300,000 sq. ft.
Cost: $600M
Leasing contact: Lori Pawley; lori.pawley@generalgrowth.com; 312.960.5880
Tempe Marketplace
Developer: Vestar Development Co.
Location: Tempe, Ariz.
Opening: Second Quarter
Property Type: Lifestyle Center
Project Type: New Development
Size: 1,300,000 sq. ft.
Cost: $275M
Leasing contact: David Malin; dmalin@vestar.com; 602.866.0900
Morrison
Developer: Casto Lifestyle Properties and Grubb Properties
Location: Charlotte, N.C.
Opening: First Quarter
Property Type: Mixed-Use
Project Type: New Development
Size: 127,000 retail, 261 condos and 293 apartments
Cost: $200M
Leasing contact: Diane Coulson; dcoulson@castoinfo.com; 704.549.4811
The Domain
Developer: Simon Property Group
Location: Austin, Tex.
Opening: First Quarter
Property Type: Mixed-Use
Project Type: New Development
Size: 700,000 sq. ft. (Phase I)
Cost: $195M
Leasing contact: Dennis Carafiol; dcarafio@simon.com; 317.685.7317
The Mall at Partridge Creek
Developer: Taubman Centers
Location: Clinton Township, Mich.
Opening: Fourth Quarter
Property Type: Regional Mall
Project Type: New Development
Size: 640,000 sq. ft.
Cost: $155M
Leasing Contact: Marc Cohen; mcohen@taubman.com; 248.258.6800
Westfield Annapolis
Developer: Westfield Group
Location: Annapolis, Md.
Opening: Fourth Quarter
Property Type: Regional Mall
Project Type: Expansion
Size: 1,500,000 sq. ft.
Cost: $150M
Leasing Contact: Stephanie Mineo; smineo@westfield.com; 301.942.0573
The Shops at Midtown Miami
Developer: Developers Diversified Realty Corp.
Location: Miami, Fla.
Opening: First Quarter
Property Type: Mixed-Use
Project Type: New Development
Size: 633,001 sq. ft.
Cost: $144M
Leasing Contact: Linda Nickels; 407.585.2109; lnickels@ddr.com
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