In the Glendale section of this New York City borough, the site will feature 60 stores and restaurants comprising 275,000 sf of space, 1,200 covered parking spaces, and 110,000 sf of office spaces in new and renovated buildings. A 12,000 square-foot day care center is also planned. The 10-acre complex is slated to open in the spring of 2005.

Plainville, CT-based Manafort Brothers International serves as demolition contractor for the project. In August, Atco Properties & Management closed on a $28 million bridge loan to facilitate site preparation and start the first phases of construction.

"The business community and the general public are only beginning to understand the retail potential of borough locations," points out Theodore M. Amenta, development director for the Manhattan-based Atco.