Alifestyle center in Middletown, Del., will bring needed retail and a premium theater complex to the area. The Promenade at Middletown—developed by Kennett Square, Pa.-based Chetty Builders and leased by Greenville, Del.-based Patterson-Woods Commercial Properties and Hollywood, Fla.-based CORFAC International—will feature 175,000 sq. ft. of retail and 282 luxury condominiums. A 30,000-sq.-ft. Starplex Cinemas will anchor the development.
Construction on The Promenade at Middletown is under way and the project is slated for completion in summer 2008.
A 2.5 million-sq.-ft. mixed-use development in midtown Atlanta will combine Class A office, luxury hotel, residential and flagship retail components into a project named 12th & Midtown. Developed by Birmingham, Ala.-based Daniel Corp., Atlanta-based Selig Enterprises and Beverly Hills, Calif.-based Canyon-Johnson Urban Funds, 12th & Midtown will sprawl across three city blocks at the intersection of Peachtree and 12th Streets to create a master plan in the heart of midtown Atlanta.
As much as 150,000 sq. ft. of retail and dining space will join 1.2 million sq. ft. of office tower space, 500-plus hotel rooms and more than 600 residences.
According to the developers, the street level will accommodate flagship retailers by incorporating 35-ft.-high storefronts and super-graphic displays. Phase 1 construction is under way and phase 2, which includes about 60,000 sq. ft. of retail, launched in the spring.
The Bus to Pittsburgh
In June, pro football great Jerome “The Bus” Bettis opened the Jerome Bettis Grille 36 at the $200-million North Shore mixed-use development near downtown Pittsburgh. Developed by Columbus, Ohio-based Continental Real Estate Cos., North Shore features 400,000-plus sq. ft. of office space and 70,000 sq. ft. of ground-floor retail and restaurant space, including the former Pittsburgh Steeler’s new 8,500-sq.-ft. eatery.
Boutique Theater Lands at Dolphin Mall
Bloomfield Hills, Mich.-based Taubman Centers’ Dolphin Mall in Miami-Dade County will unveil the area’s first premium movie theater complete with dining, cocktails, reserved luxury seating and digital projection.
The 20,000-sq.-ft. cinema will be just down the corridor from Birmingham, Ala.-based Cobb Theatres’ Dolphin 19 theater complex, marking the chain’s first entry into the boutique theater arena. Designed for guests 21 and over, the theater will feature five digital screens, a restaurant, an outdoor dining patio and a bar. Seating is limited to 75-125 seats per theater, rather than the typical 200-300. Leather seats with handmade wood table armrests are arranged stadium-style, but with almost six feet between rows rather than the traditional 48 inches.
The new movie house is slated to open in spring 2008 with construction beginning this month.
Coca-Cola names chief marketer
ATLANTA The Coca-Cola Company has appointed Joseph Tripodi to the position of chief marketing and commercial officer, reporting to president and coo Muhtar Kent. Most recently, Tripodi was the senior vp and chief marketing officer for Allstate Insurance Co., where he was responsible for the structure, strategy and execution of all of their marketing efforts.
In his role, Tripodi will lead a new function consisting of the combination of the company’s global marketing and commercial organizations. In addition to overseeing all aspects of marketing, he will be responsible for coordinating and leading the company’s strategic direction in commercial leadership.
Prior to joining Allstate in 2003, Tripodi was chief marketing officer for The Bank of New York. He served as chief marketing officer for Seagram Spirits & Wine Group from 1999 to 2002. From 1989 to 1998, he was the evp for global marketing, products and services for MasterCard International, where among other achievements he was a chief architect of the acclaimed “Priceless” campaign. Previously, he spent seven years with the Mobil Oil Corp., where he gained considerable international experience in roles of increasing responsibility in planning, marketing, business development and operations in New York, Paris, Hong Kong and Guam.
Whole Foods takes top spot on EPA list
WASHINGTON Whole Foods Market took the top spot this quarter on the U.S. Environmental Protection Agency’s Top 10 Retail Partners in its Green Power Partnership program. Other major retailers on the list include Kohl’s (2), Staples (4), Lowe’s (6) and Office Depot.
According to its profile on the EPA Web site, currently, Whole Foods Market is purchasing or generating 100% of its total national power load from green power sources.
The Top 10 Retail Partners in the Green Power Partnership is released quarterly and represents the largest completed annual green power purchases of all Retail Partners within the Green Power Partnership. According to the EPA, the combined green power purchases of these organizations amounts to an estimated 1.4 billion kilowatt-hours (kWh) annually, which is the equivalent amount of electricity needed to power more than 140,000 average American homes each year.