[IMGCAP(2)]The location for the lifestyle center was chosen because, "It is a high-traffic area in northwest Indiana [and] the demographics are good," says Jim Suthphen, VP of construction in the Midwest for Regency Centers. The center will have "upscale" retailers and restaurants with approximately 60% of the gross leasable area currently accounted for in lease negotiations and letter of intent negotiations, he says.

Retailers will include "a significant amount of apparel, a significant amount of restaurant space, a number of specialty stores and junior box anchor tenants," Suthphen says. He declines to tell an asking lease rate, because it ranges depending on the size and location of the tenant.

The development will also have gathering areas, cobblestone crosswalks and open areas to make the development a town center. Core and shell space is expected to be turned over to retailers in November 2008 and December 2008 with the grand opening for the shopping center planned for May 1, 2009.