Mar. 10--HESPERIA -- Another developer has announced plans to build a large shopping center near the intersection of Main Street and I-15.
Following in the wake other projects that include a Target store and Wal-Mart Supercenter, the Los Angeles-based Malcolm Riley & Associates has par tnered with a Westside real estate developer to purchase 28 acres of land to build the Hesperia Plaza.
Brian McDonald, a broker with CB Richard Ellis who represented the buyers in the land purchase, said the venture will feature a 270,000-square-foot shopping plaza that will be home to retail stores selling an array of products, including electronics, office supplies, home/domestic goods, clothing and pet supplies.
Construction on the Hesperia Plaza is scheduled for October 2006, with completion planned for April 2008.
Malcolm Riley, president of Malcolm Riley & Associates, said he chose Hesperia for his next project because of the fast-growing community and the many new homes being built in the area.
"The I-15 intersection in Hesperia is becoming a major commercial area," he said. "We are developing in a manner that is complementary to the other projects."
Lisa LaMere, economic development analyst for the city of Hesperia, said there are nearly 4,900 homes either approved or under construction within two miles of the intersection.
In addition to the Target, Wal-Mart and Hesperia Plaza, LaMere said other projects currently in development near the intersection include two fast-food restaurants, a drivethru Starbucks and an International House of Pancakes restaurant.
Riley said in addition to the 28-acre site, his company has also proposed a 36-acre expansion of the Hesperia Center immediately to the north. The expanded area could include a hotel, movie theater, office space and a restaurant.
Riley said his company will be marketing the complete 67-acre center at the International Conference of Shopping Centers in Las Vegas in May.
Tracie Troha can be reached at 955-5358 or at ttroha@vvdaily press.com.
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