"It's way over the top for what you'd normally see in that type of a product," Pollack says. "I've always been of the mind that we're known for redevelopment. This is our first major project as developers in a long time so I decided that we've got to do it with something that's absolutely spectacular."

With the first phase now underway, Pollack already is courting potential users for a seven-acre second phase, which could enter permitting in 30 to 90 days. At least two banks have indicated strong interest in the two-acre hard corner. Phase II will most likely feature 70,000 sf of combination office, office-industrial and retail space.

Pollack's build-out plan calls for a Pollack Business Park South on 13 acres to the south of the land now under construction. His best-guess is 140,000 sf of some type will rise, but most likely not until 2006, he says.

At the intersection's northwest corner is Pollack Plaza, a 10-year-old, fully occupied 70,000-sf retail center. With three of four corners under his name, Pollack foresees nothing but good things to come for Chandler's gateway. "With the majority of all our projects, if they've been in our inventory for any time, we run high occupancy across the board," he says.

Pollack has not ruled out further redevelopment in Arizona and California. The developer has decided to dissolve its last holding in Las Vegas, where fighting for a piece of the market share has become too competitive, he says. He has two retail centers in Phoenix totaling 220,000 sf currently in escrow and 1.5 million sf of industrial space at 98% occupancy in Silicon Valley. All told, some 100 commercial and industrial properties totaling four million sf fall under the Pollack name.