RETAIL DEVELOPERS SHOWCASE
Dec 1, 2007 12:00 PM
There are a slew of retail and mixed-use projects slated to open in 2008. Respondents to our survey submitted more than 100 projects that will debut in the coming years. (For details, check out the expanded listings on www.retailtrafficmag.com.) Here, we've selected seven of the largest projects to look out for in 2008 (and one that opened late this year). The projects combined are worth nearly $5 billion. The biggest of the bunch is the long-anticipated Meadowlands Xanadu, which is slated to open late next year.
Patriot Place
Developer: The Kraft Group
Location: Foxborough, Mass.
Opening: Third quarter
Property type: Mixed-use
Size: 1.3 million sq. ft.
Cost: $350 million
Architect: Arrowstreet
Leasing contact: Strategic Retail Advisors; patriotplace@sraretail.com; 505.405.1918
Orchard Town Center
Developer: Forest City
Location: Westminster, Colo.
Opening: First quarter
Property type: Lifestyle center
Size: 554,000 sq. ft.
Cost: $158.5 million
Architect: Calthorpe Associates, Mulhern Group, Elkus Manfredi Ltd., Field Paoli
Leasing contact: www.orchardtowncenter.com/leasing/
The Legends at Sparks Marina
Developer: RED Development
Location: Sparks, Nev.
Opening: Third quarter
Property type: Lifestyle center
Size: 1.25 million sq. ft.
Cost: $188 million
Leasing contact: Rod Yates; ryates@otbteam.com; 312.284.2930
Hamilton Town Center
Developer: Simon Property Group
Location: Noblesville, Ind.
Opening: Second quarter
Property type: Lifestyle center
Size: 950,000 sq. ft.
Cost: $126 million
Partner: Gershman Brown & Associates
Architect: Dorsky Hodgson Parrish Yue
Leasing contacts: Jamie Christman, jchristman@simon.com; Lorene Wright, esadi@simon.com, 317.636.160
Meadowlands Xanadu
Developer: Colony Capital
Location: East Rutherford, N.J.
Opening: Third or fourth quarter
Property type: Mixed-use
Size: 4.8 million sq. ft.
Cost: $2 billion
Other partners: Dune Real Estate, Credit Suisse, Mills Corp. and KanAm
Architect: The Rockwell Group
Leasing contact: Robert S. Marona; Robert.Marona@meadowlandsxanadu.com; 212.847.3900
The Village at Fairview & The Village at Allen
Developer: The MGHerring Group
Location: Fairview, Texas
Opening: Fourth quarter
Property type: Mixed-use
Size: 1.5 million sq. ft.
Cost: $1.1 billion
Other partners: Koll Development Co.
Architect: JPRA Architects
Leasing contacts: Jim Kenny (Village at Fairview); jkenny@herringgroup.com; 972.448.0241; Princeton Partners (Village at Allen); 972.233.0408
Town Square Las Vegas
Developer: Turnberry Associates
Location: Las Vegas
Opening: Fourth quarter 2007
Property type: Lifestyle center
Size: 1.25 million sq. ft.
Cost: $600 million
Other partners: Centra Properties
Architects: Development Design Group, Marnell Corrao Associates
Leasing contact: www.townsquarelasvegas.com/go/specialtyLeasing.cfm ; 702.263.4262
Pearland Town Center
Developer: CBL & Associates Properties
Location: Pearland, Texas
Opening: Third quarter
Property type: Mixed-use
Size: 887,000 sq. ft.
Cost: $199 million
Architect: Omniplan
Leasing contact: Les Garrett; les_garrett@cblproperties.com; 214.596.1195; Jeanna Webb; jeanna_webb@cblproperties.com; 214.596.1195
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