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4/1/2007

DEVELOPMENT

Dallas-based Archon Group broke ground Feb. 16 on Alamo Ranch Marketplace in San Antonio. The 900,000- sq.-ft. power center will include three major anchors, 10 junior anchors and 16 outparcels. It is slated to open in summer 2008. … Business Condos USA, Jacksonville, Fla., will develop 14 acres of land in Middleburg, Fla., as The Shoppes of Mayfield and Mayfield Business Center. The project will include 80,000 sq. ft. of retail and 64,800 sq. ft. of office and warehouse. … Construction of Carriage Crossing MarketPlace in Collierville, Tenn., began in March 2007 and is expected to be completed in 12 months. The 184,000-sq.-ft. power center, located across the street from The Avenue Carriage Crossing, co-developed by Jim Wilson &Associates ,Montgomery, Ala., and Cousins Properties, Atlanta, is being designed by Birmingham, Ala.-based CMH Architects and developed by Jim Wilson & Associates.

RENOVATIONS

Chattanooga, Tenn.- based CBL & Associates Properties has announced major renovation plans for Mall del Norte in Laredo, Texas. The renovations, which began in February and are slated for November 2007 completion, will bring major design improvements to the interior as well as to the exterior entries of the 1.2 million-sq.-ft. superregional shopping center. … Jacksonville, Fla.-based Regency Centers purchased three former Mervyn’s properties in Washington and Oregon, with plans to remodel and retenant each of the approximately seven-acre sites. One, at Tanasbourne Towne Center in Hillsboro, Ore., will be anchored by Whole Foods Markets.

AWARDS

The Sembler Co., St. Petersburg, Fla., received the 2006 “Mixed-Use Deal of the Year” award from the Atlanta Business Chronicle in its annual “Best in Atlanta Real Estate Awards,” for Sembler’s recently completed Lindbergh Plaza project in Atlanta’s Buckhead community.

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