Project Profiles
Seaport District
Location: Lower Manhattan, New York, N.Y.
Size: The transformed Seaport District will encompass seven buildings on several blocks totaling more than 400,000 sq. ft.
Developer: The Howard Hughes Corporation
Key tenants: iPic Theaters, 10 Corso Como, Scotch & Soda
Status: Pier 17, the property at the center of the Seaport’s development plan, is set to open next year.
The Seaport District, New York City’s oldest new neighborhood, sits on the East River in lower Manhattan and boasts unparalleled views of the Brooklyn Bridge and Statue of Liberty. The neighborhood’s rich history, dating back to before the American Revolution, makes it one of New York’s unique settings.
As lower Manhattan’s population continues to skyrocket, the Seaport District is evolving into a much-needed community anchor, bringing premiere dining, shopping, entertainment and cultural offerings to the neighborhood. The revitalized area is also reconnecting New Yorkers to the East River shoreline, which for decades failed to capture the imagination of locals and visitors.
Moreover, The Howard Hughes Corporation’s stewardship of the District ensures that historic preservation is fused with cutting-edge design. When completed, the Seaport District will set a new standard for a 21st century, mixed-use community — one that preserves the past while keeping an eye toward the future.
Third Avenue & 60th Street
Location: Third Avenue at 60th Street, New York, N.Y.
Size: 45,800 sq. ft. total gross leasable area
Owner: Olshan Properties
Key tenants: Dylan’s Candy Bar, Starbucks, Sunglass Hut, Flywheel, Learning Express
Status: Open and operating
Third Avenue at 60th Street in midtown Manhattan truly represents an iconic CBD retail location. The building boasts a strong and distinctive tenant mix combined with an unparalleled location adjacent to two midtown transportation hubs that provide access to and from all areas of the city. These include the 59th Street subway station (NYC’s fifth busiest subway station) and the M15 express bus stop. In addition, the property is located directly across the street from Bloomingdale’s flagship store along one of the city’s most dynamic retail corridors that regularly brings a heavy volume of NYC residents, office workers and tourists right to its doorstep.
Willow Grove Park
Location: Willow Grove, Pa.
Size: 1,179,000 sq. ft.
Developer: PREIT
Key tenants: Primark, Bloomingdale’s, Nordstrom Rack, Apple, The Cheesecake Factory, Michael Kors, Sephora, H&M, Coach, Williams-Sonoma, Pandora, J. Crew
Status: Open and operating
Willow Grove Park is a super-regional shopping center and family destination located just north of Philadelphia. With more than 130 sought-after retailers, the upscale merchandise mix caters to the sophisticated shopper in the region. Consumers can also experience the nostalgia of the property through its vintage grand carousel. Willow Grove Park is home to one of two Bloomingdale’s and Primark stores in the Philadelphia metro market. This Primark location — which opened this past summer — marks the in-demand European retailer’s fifth location in the northeastern U.S. With its diverse retailer mix, mall sales continue to climb, recently eclipsing $600 per sq. ft. Focused on elevating the consumer shopping experience, PREIT recently launched a digital rewards program at Willow Grove Park, which is being rolled out across the company’s portfolio of properties.
Hartford Corners
Location: Route 310 and Fairview Street, Delran, N.J.
Size: 215,000 sq. ft.
Leasing/management: Levin Management Corporation
Key tenants: ShopRite, Lowe’s, Planet Fitness, Staples, Starbucks, Smashburger, Hand and Stone Massage & Facial Spa, Sleepy’s, Five Below, and other national and regional concepts. Coming soon: Virtua Urgent Care, Edible Arrangements.
Status: Open and operating
Centrally situated within a popular retail hub, Hartford Corners is anchored by a dominant grocer and features a well-rounded mix of national and regional retail and service tenants. The shopping center is located at a multi-lane, traffic-light-controlled intersection with a daily traffic count of 52,000 vehicles. The property serves a growing population of approximately 62,000 people with an average household income of $96,000 within a three-mile radius.
Hartford Corners is part of the Delran/Cinnaminson Route 130 Corridor, a Philadelphia MSA regional shopping area boasting more than 1.3 million sq. ft. of retail space within five miles. Community centers and power centers define the market, drawing consumers from a large trade area.
A robust mass of tenants has been attracted to the center by the market’s strong fundamentals, and Hartford Corners benefits from the traffic flow generated by its own occupants as well as major retailers at neighboring centers.
One Loudoun
Location: 20626 East Hampton Plaza, Ashburn, Va.
Size: The 342,000-sq.-ft. Phase 1 comprised 236,800 sq. ft. of retail; and the 105,200-sq.-ft. Phase 2 under development is expected to contain 78,300 sq. ft. of retail and 46,300 sq. ft. of office. The Phase 3 plan is for 152,000 sq. ft. of commercial space and an additional 250 to 400 residential units.
Developers: The property is currently being developed by Miller & Smith and North America Sekisui House, which will continue to be the master developer through Phase 2. Phase 3 will be developed, owned and managed by RPAI.
Key tenants: Phase 1 is anchored by Alamo Drafthouse Cinema, The Fresh Market and Great Gatherings. It contains a strong mix of fast-casual and sit-down restaurants, including Matchbox and Uncle Julio’s Rio Grande Cafe. Phase 2 will include an Eddie Merlot’s Steakhouse and one of only four new Barnes & Noble concept stores, which will have a bar and restaurant within the store location.
Status: Phase 1 is currently open, and Phase 2 is anticipated to open in the third quarter of 2017.
The property represents the retail centerpiece of One Loudoun, a 360-acre, mixed-use, master-planned community that is entitled to residential, hospitality, retail and office uses. Loudoun County was named one of the wealthiest by Forbes magazine in 2014, and Ashburn, Va., was named No. 22 in the top “50 Best Places to Live” in the U.S., and No. 1 for job growth in 2016 by Money magazine.
Highlands Plaza
Location: Easton, Mass.
Size: 112,869 sq. ft.
Owner: Phillips Edison & Company purchased the property from Samuels & Associates in 2015. The property was built in 2005.
Key tenants: Anchored by Big Y and shadow-anchored by Target. Additional tenants include TJ Maxx, Petsense, Supercuts and Liberty Mutual.
Status: Open and operating. A 228-unit luxury apartment complex is being developed by AvalonBay Communities behind the center.
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