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Development

Our development program is designed for retailers seeking new or additional locations within our markets. We manage projects directly and also work with our trusted third party development partners.

IRC’s development platform is tailored to retailers’ needs and includes:

  • Single-Tenant Build to Suit
  • Multi-Tenant Construction

  • Retailers benefit from our real estate experience and local markets expertise through each phase of the development project:

    • Market research
    • Engagement
    • Development planning
    • Marketing
    • Construction and stabilization
    • Project management
    • Lease-up

    For new construction and tenant build-outs, we use energy efficient HVAC, lighting, insulation and roofing materials as well as recycling our waste. Ground-up development provides a valuable opportunity for retailers to enter an established IRC market or to expand their presence within our shopping centers. These initiatives are a proven way to increase the size and quality of our portfolio.


    • All Developments
    • Opportunities
    • Developments In Progress

    Quarry Retail

    NW Corner of I-35 & Stinson Blvd Minneapolis MN, 55413

    Conveniently located along I-35W, Quarry Retail has a large outlot available with opportunities for single-tenant or multi-tenant buildings. Thsi center features an impressive mix of tenants along with unobstructed visibility, offering an exceptional shopping experience.

    Leasable Space

    281,480

    Leasing Contact
    Rick Plessner

    Silver Lake Village

    NW & SW Corners of Silver Lake Rd & 39th Ave St. Anthony MN, 55421

    Silver Lake Village has a 10,000 square-foot outlot opportunity available to join this center. Anchored by Cub Foods, the center has a number of popular national tenants including recently opened Starbucks with drive-thru.

    Leasable Space

    168,812

    Leasing Contact
    Sean Quinn

    Mokena Marketplace

    SWC W. Lincoln Highway & Wolf Rd Mokena IL, 60448

    Mokena Marketplace is located in Chicago southwest suburb, Mokena. The property benefits from a surrounding affluent community and traffic from major thoroughfares. Mokena Marketplace features PetSmart, Party City, shadow anchors Meijer and JC Penney, and newly developed Binny’s Beverage Depot. Currently, the property has multiple outlots available for built-to-suit or sale.

    Leasable Space

    64,208

    Leasing Contact
    Fawn Le

    Savannah Crossings

    NW Corner of Butterfield Rd & Kirk Rd Aurora IL, 60502

    New development at Butterfield & Kirk Roads with outlots available for built-to-suit, ground lease or sale. Benefit from shadow-anchors: Walmart Supercenter, Walgreens & additional outlots occupied by Chipotle, Starbucks, Sonic and more.

    Leasing Contact
    Samantha Schnell

    Stuart’s Crossing

    NE Corner of Rt 64 & Kirk Rd St. Charles IL, 60174

    Stuart’s Crossing has great redevelopment potential with up to 80,000 sq ft of available space, joining grocery-anchor, Jewel-Osco. Additionally, the center has excellent visibility and access for 50,000 passing cars a day on North Avenue and Kirk Roads in St. Charles.

    Available Space

    80,000 SF

    Leasing Contact
    Shannon Hormanski

    Shops at Lakemoor

    SWC Route 120 & Route 12 Lakemoor IL, 60050

    This site offers 640,000 square feet for potential retail and/or restaurant development. The property is located at a strategic intersection in Lake County with over 50,000 passing cars and 40 planned residential projects within a 5 mile radius.

    Leasable Space

    640,000 SF

    Leasing Contact
    Samanth

    North Aurora Towne Center

    NE Corner of I-88 & Orchard Rd North Aurora IL, 60542

    This master planned development along I-88 and Orchard Road in North Aurora offers anchor and pad site development opportunities to join national retailers such as JC Penney, Target, Best Buy, Michaels, Dollar Tree, Famous Footwear, Petco, and others.

    Leasable Space

    1 Acre-20 Acres

    Leasing Contact
    Fawn Le

    Tiger Point Pavilion

    SE Corner of Hwy 98 & Tiger Park Ln Gulf Breeze FL, 32563

    Tiger Point Pavilion will include a 45,600-square-foot Publix grocery store, a 1,400-square-foot Publix Liquors, and 3 freestanding pad buildings with a combined 19,000 square feet of space available for lease. The center will benefit from its strategic position on U.S. 98, a main travel artery for full-time residents and 5 million visitors annually, next to a WalMart Supercenter and Lowe’s Home Improvement store. Construction will begin in early 2017 and is expected to be completed in the first quarter of 2018.

    Leasable Space

    66,000 sq ft

    Leasing Contact
    Samantha Schnell

    Midtown Mobile

    N-NE Corner of N Florida St & Old Shell Rd Mobile Alabama, 36607

    The Midtown Mobile development will include a 39,203-square-foot Publix grocery store with pharmacy drive-thru, and 23,200-square-feet of shop space. The development is expected to begin construction in November 2016

    Leasable Space

    62,403 sq ft

    Leasing Contact
    Samantha Schnell

    Meacham Corners

    SW Corner of Meacham Rd & Remington Rd Schaumburg IL, 60173

    Located in Schaumburg’s retail “ground zero” intersection with approximately 80,000 cars per day, this development on Meacham Rd. involved demolishing a multi-story office building and in its place constructing three pad-ready parcels for single-user retail tenants.

    Leasing Contact
    Fawn Le

    Weaverville Plaza

    93-173 Weaverville Boulevard Weaverville NC, 28787

    The Weaverville Plaza project included the ground-up construction of a new Publix grocery store, which opened in February of 2017, and the cosmetic renovation of retail shop space.

    The center is located within the Northern Asheville MSA, at the interchange of I-26 and US Highway 25/70, and has future outlot opportunities available.

    Leasable Space

    133,965 sq ft

    Leasing Contact
    Samantha Schnell

    Evergreen Promenade

    2601 W. 95th Street Evergreen Park IL,

    This newly developed shopping center is anchored by Mariano’s and PetSmart. Evergreen Promenade is strategically located along heavily traveled 95th street, amongst a busy retail corridor and surrounded by heavy vehicle traffic. The center serves a dense residential population of over 225,000 within a 3-mile radius.

    Leasable Space

    92,423 Sq Ft

    Leasing Contact
    Matthew Cavanagh

    Pulaski Promenade

    SW Corner of 41st St & Pulaski Rd Archer Heights, Chicago IL, 60632

    This new power center development, located on the southwest side of Chicago, IL, encompasses approximately 123,000 sq ft of retail space. The center serves a densely populated trade area with over 360,000 people within a 3-mile radius. With an impressive tenant roster, there are currently outlot opportunities available.

    Leasable Space

    122,834 sq ft

    Leasing Contact
    Matthew Cavanagh

    Tanglewood Pavilions

    NE Corner of Tanglewood Pkwy & Halstead Blvd Elizabeth City NC, 27909

    This northeastern North Carolina power-center features 158,000 square feet of in-demand national retailers such as Ross Dress for Less, TJ Maxx, Hobby Lobby and Dollar Tree. Tanglewood Pavilions features outlot opportunities with high visibility along Silver Springs Rd.

    Leasable Space

    158,500 Sq Ft

    Leasing Contact
    Samantha Schnell

    Shoppes at Rainbow Landing

    NW Corner of Hwy 411 & Grand Ave Rainbow City Alabama, 35906

    This completed development features a 45,600 square-foot Publix grocery store, about 16,000 square feet of shop space and two outlots available for future development. Sitting in a prime location at the intersection of two major thoroughfares, the center benefits from high traffic and incredible visibility.

    Leasable Space

    64,802 Sq Ft

    Leasing Contact
    Samantha Schnell

    Mokena Marketplace

    SWC W. Lincoln Highway & Wolf Rd Mokena IL, 60448

    At Mokena Marketplace, IRC completed construction of a new store for Binny’s Beverage Depot. Additional outlots are available for build to suit, ground lease or sale.

    Leasable Space

    64,208 Sq Ft

    Leasing Contact
    Fawn Le

    Diffley Marketplace

    SE Corner of Diffley Rd & Lexington Ave S Eagan MN, 55123

    IRC completed the ground-up development of an outlot building for Teresa’s Mexican Restaurant. This restaurant joins tenants such as Cub Foods, Anytime Fitness and Great Clips.

    Leasable Space

    77,483

    Leasing Contact
    Sean Quinn
    Compass
    Fabulous In Omaha
    Monique Trosper