Search
 

Glimcher Ventures Plans $20M Shopping Center

CHANDLER, AZ-The developer plans to close on the 19.5-acre tract in August and jump right into site work for the 100,000-sf Shoppes at Chandler Heights.

By Amy Wolff Sorter | Updated on June 19, 2007

CHANDLER, AZ-Glimcher Ventures Southwest plans to immediately break ground on a 19.5-acre tract to develop the 100,000-sf Shoppes at Chandler Heights. The 19.5-acre land deal is slated to close Aug. 1; site work begins the next day.

David Glimcher, president of the Scottsdale, AZ-based company, says the $20-million project will go vertical in November, but it’s already 90% preleased. He expects the project will be 100% leased when it opens in late 2008.

“This area of Chandler has been starved for new retail,” Glimcher explains. “Obtaining approvals can be somewhat time-consuming so when something comes on line in a new area, there are people waiting to get in there.” The development tract is being bought from a Las Vegas investor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.