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3/1/2007

The Shops at Riverhead, located on Route 58 in Riverhead, N.Y., at the end of the Long Island Expressway, neighbors The Tanger Outlet Center, Target, The Home Depot, Best Buy, Borders Books, Linens ’n Things and many other top-flight retailers. At approximately 538,000 sq. ft., The Shops at Riverhead’s proposed anchors consist of Kohl’s, Costco, Circuit City and PetsMart. The developer also is in negotiations with an array of junior anchors. The two restaurant pads are already under agreement with Chili’s and Olive Garden.

The Shops at Riverhead

Location: Riverhead (Long Island), N.Y. (Route 58)Size: 538,000 sq. ft.Developers: Developers Realty Corp. in a joint venture with CentrowattsMajor tenants: In negotiations with Costco, Kohl’s, Circuit City, PetSmartStatus: Fall 2008 completion

The Shops at Riverhead is a unique project, because—short of Tanger Outlet Center—it is the largest development n the area. The outlet center brings in an excess of 12 million people each year and is one of the highest-producing outlet centers in the nation. Its location across the street from The Shops at Riverhead provides an excellent site for a new and exciting shopping center development.

The lifestyle center is the consumer’s “new mall,” but there’s a place for each in the life of today’s shopper. The expansion of The Promenade Temecula, which opened in 1999 in Temecula, Calif., combines the success and convenience of an undercover mall with the need for new retail in this growing community. It adds the novelty and luxury of an open-air, lushly landscaped, walkable outdoor shopping destination featuring today’s best restaurants; a Village Square for entertainment; pocket parks and refreshing fountain features. The Main Street/mall combination will enrich and expand shopper options, bring in a number of exciting tenants new to the area, and fulfill the promise of The Promenade as Temecula’s Town Center for tomorrow.

The Promenade Temecula

Location: Temecula, Calif. (at Interstate 15 and Winchester Road)Size: 1,013,000 sq. ft. (current existing mall portion); 200,000 sq. ft. (outdoor lifestyle addition)Developer: Forest City Commercial Development, a unit of Forest City Enterprises, Inc.Major tenants: Current existing mall portion—Macy’s, Sears, J.C. Penney, Brighton Collectibles, Abercrombie & Fitch, California Pizza Kitchen, Red Robin Gourmet Burgers & Spirits, Jurney’s Edwards Cinema, Build-A-Bear, Gymboree, Hollister Co.; lifestyle addition—Talbots, Ann Taylor, J. JillStatus: Spring 2009 completion

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