VALPARAISO, IN-Lauth has opened three of its anchors at the $100-million Porter’s Vale retail development here at State Road 49 and State Road 2. A 100,000-sf JC Penny and Office Depot needed to open earlier than expected, and the 12-screen Cinemark Theater recently held their opening ceremony at the planned 750,000-sf project, now in its beginning of four phases.

The company expects to have up to 71 retailers on the 100-acre site, which should be finished by spring 2010, says Larry Evinger, FVP of retail for the firm. “We’ll have about 56 retailers in the next phase, and another 10-15 after that,” he says. A Rue 21 has also opened at the property, and a Justice for Girls is under construction, he says. “That’s all that’s open now, though we have some additional leases that are signed that we will announce soon,” he tells GlobeSt.com. “We’re working on more anchors, we do expect to bring some more in soon.” He wouldn’t detail who’s being wooed, but says they will “be complementary to what we will have in the center.”

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