The $80-million development will feature two parking decks andfive structures, including the 10-screen, 1,650-seat, freestandingtheater that will anchor the project. The other four-levelbuildings will have retail on the ground floor and luxury condos onthe top three floors. All together there will be 282 units, whichwill be sold off. Chetty Builders, the developer and owner of theproject, will retain the retail, Latina tells GlobeSt.com.

With the anchor on board the firm can now concentrate onattracting tenants for the inline space, he says. Asking rates willvary depending on the use, but can be expected to average $22 persf triple net.

Retailers are eager to gain a foothold in this market, Latinareports. "Middletown is growing at a rapid pace. The population isexpected double in five years and triple in 10." He says thecompany is currently in negotiations with several nationalrestaurants and high-end boutique retailers.