CBL, Faison Plan 600,000-SF Settlers Ridge

[IMGCAP(1)]PITTSBURGH-CBL & Associates Properties Inc., and Faison Enterprises Inc. have formed a joint venture to develop Settlers Ridge, a 600,000-sf lifestyle center on 79 acres in Robinson Township. The open-air center will have approximately 150,000 sf of specialty retail, with the remainder devoted to restaurant and entertainment venues.

Two anchors have signed up. They are Cinemark for a 16-screen, stadium-seating theater, and Giant Eagle Market District. A CBL spokeswoman says the supermarket will occupy 150,000 sf of leased space.

[IMGCAP(2)]Market District is locally based Giant Eagle Inc.’s new, upscale brand and concept, designed, the supermarket chain says, as a destination for “food enthusiasts.” This will be the first ground-up Market District unit and the third in operation.