[IMGCAP(2)]The location for the lifestyle center was chosenbecause, "It is a high-traffic area in northwest Indiana [and] thedemographics are good," says Jim Suthphen, VP of construction inthe Midwest for Regency Centers. The center will have "upscale"retailers and restaurants with approximately 60% of the grossleasable area currently accounted for in lease negotiations andletter of intent negotiations, he says.

Retailers will include "a significant amount of apparel, asignificant amount of restaurant space, a number of specialtystores and junior box anchor tenants," Suthphen says. He declinesto tell an asking lease rate, because it ranges depending on thesize and location of the tenant.

The development will also have gathering areas, cobblestonecrosswalks and open areas to make the development a town center.Core and shell space is expected to be turned over to retailers inNovember 2008 and December 2008 with the grand opening for theshopping center planned for May 1, 2009.