Finance

 
PROJECT HIGHLIGHTS
RIVERS Plaza is a 274,000 square foot retail, entertainment and dining lifestyle center located in the heart of Rural County, VA, one of the fastest growing and wealthiest counties in the nation. With excellent demographics and huge average household income, RIVERS Plaza is set to become the next great retail location in Rural County.  As RIVERS is contiguous to the 300,000 square foot County Village Center, and will extend the strength and drawing power of an existing market dominant center.  County Village Center is anchored by Home Depot and Giant Foods.  With the inclusion of the Target, Lowe’s anchored Arcounty Center and the Wal Mart, Kohl’s anchored National Landing, the total retail space anticipated at the intersection of Rural County Parkway and Route 150 will exceed 2,500,000 square feet.

1. Location
   1. Located in Lacelilly, Rural County, VA
   2. Positioned on Route 150 (34,000VPD) at a signalized intersection just west of the interchange with Rural County Parkway (27,000 VPD)
2. Project
   1. Fully entitled and zoned for uses as presented by County Planning and Zoning.
   2. All proffers and wetland mitigation approved.
   3. Signalized intersection approved and installed at Oakbrook Road and Route 150.
   4. North Oak Parkway Construction Documents 100% complete and approved.
   5. Interparcel connector between County Village Center and RIVERS Plaza approved.
   6. Civil Construction Documents 100% complete by City Engineering and Associates and through 4^th and final revision with County Building and Development.
   7. Architectural Construction Documents 95% complete by JKM Architects.
   8. Tenant Design Handbook and Construction Criteria 100% complete.
3. Leasing
   53. 1% of the space is Executed
       1. Movie Theater Company – 47,500 square feet
       2. Platinum Gym – 45,000 square feet

• Bowling Strike – 31,455 square feet

1. Thai Restaurant – 2,500 square feet
2. Nice Restaurant– 5,104 square feet
3. Ice Cream – 1,483 square feet

• Kabob Restaurant– 1,761 square feet

60. 3% of the space Executed or Signed LOI
    1. Learning Center – 13,000 square feet – LOI
    2. Pancake House – 5,000 square feet – LOI
61. 5% of the space Executed, under signed LOI, or in Active LOI discussion.