Newspaper article The Florida Times Union

Lion's Gate Plan Is on Track

Newspaper article The Florida Times Union

Lion's Gate Plan Is on Track

Article excerpt

Byline: DIANA MIDDLETON

In April, it was announced that yet another shopping center would join the bustling St. Johns hub near I-95 and International Golf Parkway near the World Golf Village. Now, new details have eked out about the Weingarten Realty and Steinemann & Co. retail collaboration dubbed Lion's Gate. Last week, executives from both development companies privately met to hammer out the shopping center's progress. The Times-Union spoke about the development with developers Duke Steinemann and Michael Cills, and Lynn Dehlinger, Weingarten's regional director of new development. Check out what's new:

What is Lion's Gate?

It's a hybrid center that will have one dominant anchor tenant with several junior tenants as well as "outparcels," or pockets of smaller, high-end lifestyle shops. The 700,000 square feet of retail (compared with the 1.05 million square feet at the St. Johns Town Center) will face a 25-acre lake, which will be lined with an outdoor pavilion and restaurants. Lion's Gate will be the cornerstone of the World Commerce Center, a 966-acre development that is already home to Ring Power's headquarters. Also planned for the site: 200 hotel rooms, 300,000 square feet of office space - and, if the housing market improves, a residential component.

Which tenants will be included in the lineup?

While the developers were tight-lipped about the retailers' names, Weingarten's Dehlinger says they have received several letters of intent from interested retailers. She also offered up some hints about the future tenant mix: "We are approaching the usual stable of retailers we have used in the past," she said. (Weingarten has many centers that include Target, for example.) There will be a mix of restaurants from lakeside sit-down steak and seafood places to quick service joints (such as Chili's), she said. …

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