Development

CHICAGO-Two city blocks north of the Ogilvie Transportation Center will be turned into a 200,000-sf retail market by a joint venture between commuter rail agency Metra and US Equities Realty, LLC.

SAN LEANDRO, CA-A new Century 16 Theater is open at the 40-year-old Bayfair Mall here, and mall owner Heitman Retail Properties of Chicago, says the $12 million project should do wonders for mall anchors Long's Drug and Macy's.

VANCOUVER, WA-After a two-month delay to adjust plans for a larger underground parking garage, work resumed this week in the 35-foot deep hole east of Esther Short Park in downtown Vancouver. Cranes and concrete will arrive next month.

MINNEAPOLIS-The financial services firm wants high-traffic locations near large retail developments. The sites need to be about 1.5 acres - large enough to accommodate 5,000-sf buildings.

LOS ANGELES-Developers have moved forward with construction of Wateridge Two, even as vacancy rates rise on the Westside.

SANTA ROSA, CA-Two office buildings on its Airport Corporate Center property have been completed and occupied and a third, manufacturing building is nearly complete. A fourth building will await better economic conditions.

RARITAN TWP., NJ-After a 145-year run at the old Flemington Fairgrounds, the Hunterdon County will apparently do one more encore before developers move in and construct a 550,000 sf shopping center.

EDEN PRAIRIE, MN-SuperValu takes a $240-million restructuring hit and loses $1.7 billion in revenue with the defection of wholesale client Kmart. However, it plans to add up to 15 superstores and 120 smaller stores.