all with renovationsplanned.

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The 45-year-old Cherokee Plaza lost a grocery-store anchor soonafter the purchase. Since then, Tri-Land has worked with the cityto obtain a $3.5 million TIF to help bring in a new Walgreens, aswell as adding a 17,000-sf Paul Mitchell Salon and adding moreout-lots to the center, says Hugh Robinson, EVP with Tri-Land. Hesays the grocery building has been demolished, and the site will beredone by summer 2009.

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"The occupancy right now is slightly less than 50%, but weanticipate that with six months of completion that we will bestabilized at the property, at 90% to 95% occupied," Robinson tellsGlobeSt.com "This is a Main and Main location, at 95th Street andAntioch, one of the major arteries in the city and very denselypopulated with middle-families."

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Similar redevelopments are going on at the four other centers,Robinson says. A renovation of the 49,000-sf Devonshire Village inOlathe, KS should be complete by the fourth quarter, he says. A TIFwas just approved for the 208,000-sf Brywood Shopping Center inKansas City, KS, with "a Price Chopper Supermarket expanding there,and a yet-to-be-identified 80,000-sf anchor tenant going in for thesecond phase," Robinson says.

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Work at the 175,000-sf Ten Quivira Shopping Center in Shawnee,KS isn't as extensive, but over at the 84,000-sf Blue SpringsMarket in Blue Springs, Robinson says he's seeking another TIF. "Wehope to have it approved in the fourth quarter," he says. "We'reworking with a former Kmart center, we're going to subdivide itinto smaller boxes. We've got a couple of prospective tenants." TheBlue Springs center is shadow-anchored by a Hy-Vee Supermarket thatis also going through an expansion.

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Robinson says getting a TIF approved in a community is today anessential component in the redevelopment of a center. "You've gotall the costs, the competition for tenants, and the capital thatthe property will see once it's improved, a TIF is now a criticalcomponent in the cost of delivery," he says. "It's no longer justpatching up the parking lot and painting the front façade."

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