article-14709.xml

DEVELOPMENT

Developers Diversified Realty, along with joint-venture partners Coventry Real Estate Advisors and The Harbor Cos., has launched construction of Bloomfield Park, a mixeduse lifestyle center in Bloomfield Hills, Mich., a suburb of Detroit. Office and residential uses will join retail that includes BCBG, Bebe, Chico’s and Coldwater Creek Spa, all slated to open in 2008. … As part of its master development that will encompass 3 million sq. ft. of retail space by 2015, THF Realty will introduce the first SuperTarget to Brighton, Colo., and northeastern suburban Denver. SuperTarget is part of the first phase of Prairie Center, which will contain 758,507 sq. ft. of retail. … Forest City has received approvals to move forward on four joint-venture mixed-use developments: Echo Bay in New Rochelle, N.Y., The Shops at White Oak Village in Richmond, Va., the South Stadium District project in Fresno, Calif., and The Shops at Broad Street in Mansfield, Texas.

ACQUISITIONS

L&S Realty Group has acquired Northern Village Shopping Center in Fresno, Calif., for $8.6 million from Passco Real Estate Enterprises. The sale of the 31,990-sq.-ft. retail center was handled by Colliers International. … The Stafford Business Park site in Stafford Township, N.J., has been acquired by The Walters Group, which plans to build Stafford Park, a master-planned mixed-use redevelopment project. The Walters Group came to an agreement with the township to undertake the $31 million landfill cleanup before construction can begin on the commercial and residential buildings. Target will anchor the development, and will begin its construction in June 2007 with plans to open in summer 2008.