"Volo is experiencing and explosion of new residentialdevelopment that is projected to double the population in fouryears, but there are no retail centers yet to serve the increasingdemand," said Greg Orput, director of development for his company,said in a statement.

The project, which will have approximately 475,000 of inline andout-lot spaces in addition to major anchors. The first phase of thedevelopment will have more than 400,000 sf. Construction will beginnext spring with completion of the first phase expected in 2009. A"major discount department store" is currently in leasenegotiations with the partnership to anchor the first phase of thedevelopment, with a home improvement store in negotiations toanchor the second phase, according to the released statement.Richard Spinnell, Barb Kading and Jaime Platt, with Mid America,are handling the leasing of the center. The project is expected tocreate approximately 750 jobs, according to the releasedstatement.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.