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C O V E R S T O
R Y
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Completed retail space is approximately 88
percent occupied and 100 percent of Class A office space is filled in the
1.8 million-square-foot Town Center of Virginia Beach.
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New
City Blocks Opens in The Town Center of Virginia
Beach as Phase IV Construction
Speeds Up
VIRGINIA BEACH,
VIRGINIA – “Negotiations are close to being completed for a
10,000-square-foot fashion store that features apparel, shoes, handbags,
jewelry and home goods,” according to Gerald S. Divaris, chairman and
CEO of Divaris Real Estate, Inc. “In addition, we have completed
negotiations for a Melt Gelato & Crepe Cafe next to McCormick &
Schmick’s in Block 6, below the Studio 56 Lofts.”
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I N S I D E
St. Charles Towne Centre
Addresses Chicago's Future Growth
ST.
CHARLES,
ILLINOIS – In an industry where
location is key, property developers know that current property uses become
obsolete over time. With the transformation of the “Tri-Cities”
and the west Chicago suburban markets into the “next Oak Brook,”
Sho-deen Inc. tore down their St. Charles Mall in order to develop a
mixed-use town center that would meet the current and future needs of the
area’s expanding, affluent population.
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I N S I D E
The Village at Valley Forge
Breaks Ground
KING OF PRUSSIA, PENNSYLVANIA --
Construction is currently underway at the highly-anticipated Village at Valley
Forge in King
of Prussia, Pa. The
project, a joint venture between The Northwestern Mutual Life Insurance Co. and
Realen Properties, is the first of its kind in the area. The 1
million-square-foot, mixed-use Village at Valley
Forge will feature retail and
office space, up to 3,000 residential units, and two hotels with up to 500
hotel rooms.
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