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Rubin Organization announces major retail developments.

Three major retail developments, two in Philadelphia and one in upstate New York, have been announced by Ronald Rubin, ceo of The Rubin organization, Inc., Philadelphia-based, full-service real estate company. Two of the projects will create the first locations in Philadelphia for Home Depot and the Wal-Mart store.

In Philadelphia, the Rubin development plans include Pier 70 Plaza, at Tasker and Columbus Boulevard, to be built on a 42-acre tract with a 135,000-square-foot Home Depot, a 130,000-square-foot WalMart, and a 130,000-square-foot Sam's Club, a division of Wal-Mart. This development marks the initial entry of Wal-Mart and Home Depot stores in the City of Philadelphia. The project is under construction and target opening is Fall of 1993 to Spring of 1994.

The 1,300-foot waterfront of Pier 70 Plaza on the Delaware River has been optioned to investors anticipating Pennsylvania state legislative approval for riverboat gambling.

Rubin is also developing in Philadelphia approximately 430,000 square feet on 45 acres of a property formerly occupied by several different divisions of Sears, in the city's northeast section at Roosevelt Boulevard and Adams Avenue. Like the waterfront site, this development has Home Depot as a committed tenant.

The project is planned to anticipate two other large users, and four out-parcels fronting on Roosevelt Boulevard, one of the city's major thoroughfares.

Southgate commons, 424,000 square feet on 50 acres at the strategic intersection of Routes 9W and 32, Bethlehem, New York, (a suburb of Albany), is the third value retail center in the Rubin Organization development program.

The complete property, a 78 acre former daily farm, has been owned by the company for more than 20 years. Committed to anchor this project, and targeted for a fall 1994 opening, is a 191,000 square foot Super K, one of the new mammoth retail operations being developed around the country by K-Mart.
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Title Annotation:various locations in Philadelphia, Pennsylvania
Publication:Real Estate Weekly
Date:Aug 4, 1993
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