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2/1/2007

The Grand Strand Gets Grander

In an area known as Myrtle Beach’s Grand Strand, an established regional mall will be repositioned through renovation, expansion and a re-merchandising effort to better meet a fast-growing residential population and a 13.7 million-person annual tourism market. F+F Development will launch the redevelopment of Inlet Square in Murrells Inlet, S.C., this spring, beginning with an interior renovation and following with an expansion that will increase the center’s size from 433,345 sq. ft. to 550,000 sq. ft.

The current food court will be demolished to allow for the creation of a new outdoor courtyard and the addition of two new anchor stores and added small-shop space.

As part of the repositioning and new leasing program for the property, Jones Lang LaSalle has been retained as leasing and management agent.

Bringing in the Colorado Outdoors

An already breathtaking Denver-area shopping mall will add the beauty of the Colorado outdoors to its offerings, as General Growth Properties and Park Meadows announce the start of construction of a 154,000-sq.-ft. open-air expansion to the 10-year-old center. As part of the redevelopment of a former Lord & Taylor building footprint, the Park Meadows mall project will blend the existing indoor retail venue with an outdoor park and street common area with new stores and four new restaurants. “When the May Department Stores Co. closed the Lord & Taylor stores in Colorado,” said Pam Schenck, senior general manager of Park Meadows, “we were given an opportunity to transform the area into a space that would reflect the changing shopping needs, tastes and lifestyles of the local and regional market.”

The open-air plaza setting, slated for completion in spring 2008, will incorporate landscaping, sculpture and gathering-place amenities such as fire pits and water features into a year-round destination for shopping and dining. Construction will begin this year.

ALittle Village in Las Vegas

An urban village—a midrise, mixed-use development— in southwest Las Vegas will add 72,389 sq. ft. of upscale retail and restaurant space, as well as residential units, to one of the fastest-growing areas of Las Vegas.

Designed by SCA Design and developed by Rainbow Rain, LLC, The Realm is slated for completion in 2008. Carmine’s Little Italy—developed by Las Vegas restaurateurs, the Vento family—will open at the end of 2007, with the first wave of residential units and retail shops following shortly thereafter.

New Heights

A new 330,000-sq.-ft. shopping center has broken ground in West Covina, Calif., providing area shoppers with a soon-to-be-built Target and Home Depot as anchors. The Eclipse Development Group-developed center, named The Heights at West Covina, will offer a collection of sit-down and quick-service restaurants, soft goods and specialty retailers, and personal-service tenants. Designer is the Orange County, Calif., office of Carter Burgess. The center is slated to open in October.

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