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NORTH ANDOVER, MA-Developer Ross Hamlin wants to build an 80,000-sf retail center on a 13.5-acre parcel on Route 114. The town has voted to allow the site to be rezoned and the planning board just needs to give its blessing.
REDWOOD CITY, CA-Brad Blake and Jerry Hunt of Blake Hunt Ventures and David Irmer of the Innisfree Cos. are jointly developing an 189,000-sf Downtown complex here on top of a city-owned underground parking garage.
CHICAGO-Neighborhood retail development specialists Matanky Realty Group will get $2.2 million in tax increment financing along with a $400,000 road repair to boost its $8.3 million, 75,699-sf redevelopment in the 1400 block of West 47th Street.
MAPLE GROVE, MN-The other six Audio King stores in Minnesota will change their name to Ultimate Electronics. They will also undergo extensive renovation, including the addition of a "Hard Rock Sound Asylum" theme room.
ATLANTA-The locally based urban redeveloper leases the 96-year-old, 9,000-sf property on North Avenue to Derek Lawford Pubs which plans to open The Spotted Dog in the three-story structure. The 10-year lease has an estimated aggregate value of $1.8 million.
PHOENIX-Taubman Centers will collect $43.5 million more than it paid for the 611,000-sf, open-air center in 1994. Under the announced terms, Macerich will pay $51 million in cash, turn over 811,000 partnership units and assume $77.5 million in debt.