The center, to open in October 2006, would be located byColonial's 300,000-sf Colonial Promenade at Tutwiler Farm, a centeranchored by Home Depot and Target. The Birmingham-headquarteredcompany currently has two centers in Trussville and 11 propertiesin the area.

Also in the Birmingham area, Colonial is building the 300,000-sfColonial Promenade Alabaster. The company's other projects in thepipeline include the 285,000-sf Colonial Pinnacle at Craft Farms inGulf Shores, AL; and the 289,000-sf Colonial Pinnacle at TurkeyCreek, in Knoxville, TN.

Last month Colonial agreed to sell its 1.1 million-sf Orlando(FL) Fashion Square to Pennsylvania Real Estate Investment Trustfor $123.5 million. The previous month, company officials said theywere putting six other Southern malls on the market. Bothdispositions are part of the company's goal to withdraw from theenclosed mall sector and concentrate on their open-air centers.