Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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62 • SHOPPING CENTER BUSINESS • MAY 2015 D E V E L O P M E N T N E W S LOWER MACUNGIE TOWNSHIP, PENNSYLVANIA CONSTRUCTION BEGINS ON HAMILTON CROSSINGS SHOPPING CENTER The Goldenberg Group and TCH De- velopment have begun construction of the Hamilton Crossings Shopping Cen- ter in Lower Macungie Township. The 565,000-square-foot project will be an- chored by Target, Costco Wholesale Club and Whole Foods Market, and will be complemented by retailers including Dick's Sporting Goods, Nordstrom Rack, Old Navy, Rally House, Five Below, DSW, Pier 1 Imports and Ulta Cosmet- ics. The Hamilton Crossings Shopping Center is scheduled to open in July 2016. The development comprises approxi- mately 70 acres of commercial property and will include the first Costco and first Whole Foods in the Lehigh Valley. The project includes public improvements, such as significant regional roadway im- provements, new technology in the form of adaptive traffic control signals and a regional storm water detention facility that will help address flooding conditions. The project will also include amenities such as bike and walking paths, public gathering areas and a connection to the historical log cabin site on the adjacent Wescosville Park. GLENDALE, COLORADO $175 MILLION ENTERTAINMENT DISTRICT TO BE BUILT The city of Glendale has unveiled plans for a $175 million, 42-acre mixed-use de- velopment five miles southeast of down- town Denver to be named Glendale 180. The development will include 151,725 square feet of food and beverage space, 109,000 square feet of entertainment and 42,500 square feet of retail, according to The Denver Post. A mix of public and pri- vate financing will fund the project, with investment banks Stifel and DA Davidson handling the public financing and HFF securing the private financing. According to the Denver Business Journal, the city of Glendale issued bonds for about half of the $175 million cost of the project. The Laramie Company, which is overseeing leasing for the project, is expected to an- nounce anchor tenants soon. Ground- breaking for Glendale 180 is set for this fall. The project is expected to open in the fall of 2017. The Hamilton Crossings Shopping Center in Lower Macungie Township, Pennsylvania, is scheduled to open in July 2016.

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