Slated to encompass around 410,000 sf, the development is rising on Otay Lakes Road just west of Eastlake Property. It will be anchored by Target, which will take 136,393 sf here, and Lowe's Home Center, which will occupy 165,782 sf. An additional 110,000 sf will house shops, restaurants and offices. With more than 97% of its space either leased or with leases out for signature, the development will have a tenant roster that includes Island's Restaurant, Prudential, Office Depot, Cold Stone Creamery, Starbucks, Jamba Juice, Union Bank, Wells Fargo Bank, Johnny Carino's Country Italian and Daphne's Greek Cafe.

EastLake Village Marketplace is expected to incur more than $50 million in construction costs, according to Colton Sudberry, who is Sudberry Properties' vice president of development. He tells GlobeSt.com that the project is scheduled to open in July 2003.