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


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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