Currently on the Munster Town Center site is the Lake Business Center, a 72-acre industrial and office park with existing buildings that need to be removed. "I would say we'll see some things happening on the site later this year," Steven Warsaw, the president of Urban's leasing division, tells GSR.

The project's retail component will have a town-center atmosphere, and the developers are considering a theater, department stores and service retailers as anchors, Warsaw says. Residents in the area are currently traveling to Oakbrook or Orland Park, IL to do their shopping, he says. The 50,000-sf office space is being considered for medical office leasing.

Chicago-based Urban leasing and managing Branson (MO) Landing, a $420-million, mixed-use center that will feature a Bass Pro Shop as its anchor tenant. The firm has also received preliminary approval for Providence Town Center a 505,092-sf, open-air project in Collegeville, PA, on which it is a development consultant.