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500,000-SF Center Rising in Southern Virginia

DANVILLE, VA-North American Properties retail property will be the first mall to be developed here since the 1980s. The $60-million project will be situated on 67 acres opposite Piedmont Mall.

By Melissa Kress | Updated on May 17, 2006

DANVILLE, VA-North American Properties is developing the first mall to rise here since Piedmont Mall was built in the 1980s. Coleman MarketPlace, a 500,000-sf retail center, will cost the Cincinnati-based developer $60 million to realize.

The retail project will be located on 67 acres across from Piedmont Mall, where Piedmont Drive and Central Boulevard meet. It will feature eight anchors, more than 50,000 sf of small shop space and six outparcels. The mall-peripheral power center will also include Collins Drive, a new, alternative transportation route through the center from Central Boulevard to Lowes Drive, according to North American Properties.

Coleman MarketPlace is slated to open in spring 2008. North American expects to complete the necessary zoning and permitting by October, with construction beginning in early 2007. The developer is currently working with several nationally recognized retailers and an initial tenant roster could be announced within the next three to six months, a spokesperson for North American tells GlobeSt.com.

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