INDIANAPOLIS (May 30, 2007) – Lauth today announced that it closed on the land for its newest regional power village – Bryan Towne Center. Construction will start the week of June 4, 2007.
Bryan Towne Center will be a 400,000 square foot retail development located in the heart of Aggie country in the Bryan/College Station, Texas market. It will sit on the Highway 6 bypass, just five minutes from Texas A&M University. The retail center will be anchored by the 127,000 SF Target. It will also feature 5 junior anchor spaces, eight outparcels, and 100,000 SF of small shop space in a village-style format. Bryan Towne Center is being designed by renowned retail architects Carter-Burgess with a contemporary Texas feel using regional materials and colors. Grand Opening is scheduled for summer 2008.
“Lauth received a great deal of interest in Bryan Towne Center from prospective retailers during the ICSC (International Council of Shopping Centers) Convention last week in Las Vegas,” said Larry Evinger, First Vice President of Retail at Lauth. “Lauth is having great success with regional power villages nationwide. We are very confident Bryan Towne Center will be a great destination for shoppers and retailers in the area.”
Lauth’s regional power village approach blends the best features of a power center, traditionally anchored by national big-box retailers such as Target, along with a village of small shops traditionally found in lifestyle developments. These villages also feature enhanced architecture and landscaping to create a more inviting atmosphere for shoppers.
Lauth, one of the nation’s leading developers and contractors, is developing a similar regional power village named Porter’s Vale in Valparaiso, Indiana (Chicago DMA). This 750,000 SF center will feature a JCPenney and Cinemark theatre.
Bryan Towne Center is the latest announcement by Lauth in recent months. The company broke ground last week on the Fredricksen Physician Office Building, a 60,000 SF Class A medical office building sponsored by PinnacleHealth in Mechanicsburg, PA. Earlier this month, Lauth opened the 85,000 SF Bon Secours Health Center at Virginia Beach, VA; topped-off INTECH Three, a 154,000 SF Class A office building in Indianapolis; and unveiled the first interior renderings of NASCAR Plaza, a 20-story Class A office tower, in downtown Charlotte. Lauth ranks as the 13th largest developer in the nation according to Commercial Property News and one of the top 100 contractors in the US according to Engineering News Record .
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Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it one of the nation’s leading development and construction firms. Lauth delivers many types of commercial facilities including office, industrial, healthcare and retail from eight offices nationwide. Additional Lauth information is available at www.lauth.net. People. Trust. Experience. SM