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ALLENTOWN, PA-With a grand opening scheduled for Oct. 27, Memphis, TN-based Poag & McEwen Lifestyle Centers LLC has named a 44-member tenant roster for the 475,000-sf PromenadeSaucon Valley Shops at Saucon Valley. Terry McEwen, president, tells GlobeSt.com the center is now 80% pre-leased.”

The property is located near the intersection of I-78 and Hwy. 309 within the 1,700-acre Stabler Center and is being developed in joint venture with Columbus, OH-based Stanbery Development. The anchors are a 73,000-sf, 18-screen Rave Motion Pictures theater, Barnes & Noble, Fresh Market and the state’s first LL Bean.

Additional tenants are a mix of national and regional retailers, including Aeropostale, American Eagle Outfitters, Children’s Place, J Jill, Lenscrafters, Old Navy, Starbucks, Yankee Candle, Nautica, Wachovia Bank, Sprint Wireless and Lucky Brand Jeans. The center features a Main Street setting that includes two fountains, a gazebo with fireplace and a village green with amphitheater-type seating to accommodate about 400 people for concerts.

The center broke ground 50% pre-leased in April 2005. At that time, GlobeSt.com reported the estimated construction cost at approximately $100 per sf, based on an estimate by a developer of lifestyle retail in Eastern Pennsylvania, who spoke on condition of anonymity. The same source said rental rates were probably within a range of $15 per sf and $19 per sf.

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