Development

WAUKEGAN, IL-Tricon Global Restaurants, Inc. will build a Pizza Hut restaurant on a 23,522-sf site at the Lake Plaza retail center at Route 120 and Green Bay Road it acquires from Simon Properties for $188,179.

WESLEY CHAPEL, FL-The Pasco County Commission has just given the go ahead for the proposed Cypress Creek development, a multi-faceted project that would bring a hotel, office space, retail space and residential units to the largely undeveloped area.

BOCA RATON-The Renaissance Hotel completes a $9 million renovation project that began 18 months ago. The 189-room property existed as a Sheraton Hotel for nearly 20 years before Detroit, MI-based owner Trident-Allied LLC reinvented the property under Marriott's Renaissance brand.

NEW YORK CITY-Community Board One has fired the opening salvo in what promises to be a fierce battle over the proposed Edward J. Minskoff building at 270 Greenwich St. Board members say it's too big, too tall, and totally ill-conceived.

WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.

LOS ANGELES-Promising to bring the National Football League and the Super Bowl back to Los Angeles, Anschutz Entertainment Group has plans to build a 64,000 seat stadium in the Downtown section of the city not far from its successful Staples Center development.

VALHALLA, NY-Westchester County government held an informational session nearby its one million-square-foot proposed biomedical research park on the Grasslands campus that attracted a host of commercial real estate development and health care firms.

LONDON-Southside Capital--a joint venture between Taylor Woodrow, Kilmartin Property Group and Bank of Scotland--has lodged a planning application for its Pound 400 million ($580 million) redevelopment of the Royal Infirmary site in Edinburgh.