Goodman Real Estate has an updated site map for the Newport Pavilion development.  Now before you rush off to view the map – there are no new retailers listed on this map.  What the map does do is clearly show confirmed and available spots in the development.  

Each retail spot includes the square footage which allows for an interesting calculation – 91,285 sq ft that is still available.  This combined square footage is less than size of Kroger or Target on a stand alone basis.  The 90K+ remaining square footage equates to 20% of the available retail space meaning 80% has already been leased.  

This is a bit of a good news / bad news story.  Good news for a swift development of the remaining structures.  With commitments on 80% of the development financing should be less of an issue at this point.  

The downside – not a lot of opportunity for a wow retailer.  Only 2 parcels of 20K sq ft or more (less than Michaels or Marshalls) probably means nothing larger than a Dick’s or Pet Smart.  14 total open spots and most of those are outlots that will likely be fast food or fast casual concepts.  This doesn’t mean you can’t be wowed – just means don’t expect anything earth shattering with the remaining commitments.

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