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ORLANDO-Travelodge Hotels Inc. of Parsippany, NJ has retained Lake Buena Vista Suites to build a 1,380-room Travelodge World Resort hotel in Lake Buena Vista, FL, minutes from the 30,000-acre Walt Disney World enclave. The estimated $20 million resort is scheduled to open in third quarter 2002.
SAN ANTONIO-Neiman Marcus will be the fourth anchor at the 1.3-million sf La Cantera in a long-awaited announcement that has just been made this morning. The high-end retailer will be developing a 120,000-sf store amid an anchor lineup that includes Nordstrom, Dillard's and Foley's.
SAN ANTONIO-It's taking longer than anticipated, but plans are progressing on the 1.3-million sf regional mall. Early next week, The Shops at La Cantera will reveal the identity of its fourth anchor for the undertaking that will break ground by year's end.
PLANO, TX-The management team's in place and so are the first 100 tenants for Taubman Centers' 1.4-million sf grand entry into the Texas market. The REIT has put together a high-profile tenant lineup, with several making their first appearance in the metroplex retail mix.
DETROIT-The new Detroit office for the nation's 15th-largest law firm hires new attorneys, including three with real estate and finance expertise. The firm represents Detroit-based automotive companies.
SHELTON, CT-Cushman & Wakefield of Connecticut has been awarded the exclusive leasing assignment for the current home of Philips Medical Systems' North American headquarters. The company is relocating next summer.
TUALATIN, OR-The 10,000-sf building overlooking a man-made lake has been completed for three months, and is 80% leased, says listing agent Mike Foley of Portland, OR-based First Commercial Real Estate Advisors. One 2,100-sf space remains.
HOUSTON-The Woodlands is going for the brass ring, implementing a house-buying incentive program to set an all-time sales record for this year. For more than a decade, The Woodlands is the leader of the pack for new home sales.
CONCORD, CA-A new upscale interior design store by Home Depot is opening here and in Palo Alto this week, while REI and Border Books expand their presence with new area locations.