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OUR PORTFOLIO
We believe that a disciplined and entrepreneurial approach to each investment is the best way to build a portfolio of properties that are well-positioned to generate cash flow and achieve growth of capital. Gemini's Portfolio is made up of both Acquisition Projects and Development Projects.
ACQUISITION PROJECTS
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The Shops at Boardwalk, Round Rock, TX
The Shops at Boardwalk is a 184,598 square foot shopping center on a 21.17 acre lot, anchored by Petsmart, Ross Dress for Less, OfficeMax, and Avenue. The property is located in Round Rock, Texas, a submarket of the state’s bustling capital, Austin. The shopping center sits at the newly developed intersection along Interstate 35 just north of SH 45, directly adjacent from Dell World Headquarters and popular national retailers such as Target, Circuit City, and Home Depot. Named the “Best Little City in America” by National Geographic, Austin’s growing population and strong economy continues to create robust retail occupancy and rental rate growth for The Shops at Boardwalk.
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Johnstown Galleria - Johnstown, PA
Johnstown Galleria is a 894,646 square foot multi-tenant mall on a 56 acre lot, anchored by Sear's, Boscov's, JCPenney, as well as in-line fashion retailers such as Hollister, Victoria's Secret, and American Eagle. Ranked by Money Magazine as the Best City in Pennsylvania, the property is located near Pittsburgh at the intersection of Highway 219, linking the mall to both Pennsylvania New York and Maryland interstates, and Route 56, the primary traffic corridor for the Johnstown MSA. |
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Comfort Inn Midtown West(36th St. between 9th & 10th Avenue) - NY, NY
This Comfort Inn is a 14-story, 56 room select service hotel located in the Midtown West neighborhood of Manhattan. Increases in the Manhattan lodging market, coupled with the redevelopment of the Hudson Yards and Jacob Javits Convention Center have positioned this hotel for strong future growth.
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Centerville Galleria – Centerville, GA
Centerville is a 474,614 square foot regional enclosed mall located 4 miles from the Warner Robins US Air Force Base. The mall, which sits on 52 acres, has 2,619 parking spaces and is anchored by Sears, JC Penny, Belk's with 37 additional tenants. Ranked by Inc. Magazine as one of the top 100 places to do business in 2006, Centerville's Route 217 corridor location directly benefits from the economic activity of the neighboring Air Force Base. |
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Comfort Inn Times Square (39th St. between 8th & 9th Avenue) - NY, NY
This newly constructed 78 room select-service hotel is ideally located in close proximity to New York City’s midtown corporate hub and main tourist attractions. The hotel is well-positioned to capitalize on the continued development boom led by the 1.5 million square foot New York Times Building and the 1 million square foot 11 Times Square Building.
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Diamond Run Mall – Rutland, VT
Diamond Run is a 383,967 square foot enclosed regional shopping mall located at the junction of Route 7 and Route 4 in Vermont. The mall, anchored by Kmart, Sears, JC Penny and Old Navy, is situated in 91 acres and has 2,118 parking spaces. Adjacent to the mall and also included in this acquisition is the Rutland Field House, a multi-use indoor ice skating rink that accommodates over 150 regional grade school, high school and college ice hockey teams for practice and competitive games. |
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East West Shops – Austell, GA
East West is an 85,610 square foot, five-building shopping center anchored by a 45,000 square foot LA Fitness. Built in phases between 2001 and 2004, it is situated on 15.74 acres and has 564 parking spaces. The center is located on the East West Connector, a major Atlanta thoroughfare, just west of Interstate 285 and 18 miles from downtown Atlanta. The center also consists of 19 other stores, including a drive-thru Starbucks. |
Parkway Plaza – Norman, OK
Parkway Plaza is a first class 262,624 square foot retail power center, strategically located along US Interstate 35 and adjacent to the University of Oklahoma. This six building, one-story center is anchored by such anchor tenants as Bed, Bath & Beyond, Toys “R” Us, Ross Dress for Less, Barnes & Noble, Michael’s, Office Max and Home Depot. It has 1,454 parking spaces and sits on 25.83 acres. |
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Brandon LA Fitness – Brandon, FL
Brandon is a 52,000 square foot strip center anchored by LA Fitness. The center is located adjacent to Costco, Kohl’s, Brandon Town Center Mall as well as many other national retailers on Causeway Blvd, the primary thoroughfare and retail hub of Brandon, Florida. |
Rio Norte Shopping Center – Laredo, TX
Rio Norte is a first-class 257,981 S.F. shopping center with eight anchor tenants, nine in-line shops and a movie theater. With tenants such as Toys “R” Us, Linens ‘n Things, Office Max, Ross Dress for Less, and Michael’s, Rio Norte is the premier shopping destination in Laredo. It also benefits immensely from the healthy cross-border traffic between the US and Mexico. |
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The Gem Hotel (36th Street between 9th and 10th Avenue) - NY, NY
This newly constructed, 39 room hotel opened in December 2006. Originally a Howard Johnson, it was re-flagged as The Gem Hotel by Clarion Collection, Gemini’s personal boutique brand and concept. This enables us to take part in Choice Hotel International’s worldwide reservations and marketing platform. For more information and to make reservations please visit www.thegemhotel.com. |
Town Center Shoppes – Oviedo (Orlando), FL
The Town Center Shoppes (64,587 S.F.), anchored by LA Fitness and Outback Steakhouse, is located in Oviedo (Orlando), Florida. It is located near SR 417 (the eastern beltway around Orlando), providing easy access to the Property and to the more outlying eastern areas.
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River Ridge Station – Clemmons, NC
River Ridge Station is a 55,085 S.F. shopping center located in Clemmons, North Carolina, in the Triad Region near Winston-Salem. Built in 2002, the Property is strategically located where U.S. 421 meets Lewisville-Clemmons Road, near Interstate 40. River Ridge Station is 100% leased. |
Franklin Square – Johnson City, TN
Franklin Square is an 80,500 square foot shopping center located in Johnson City, Tennessee. This three building center is currently 98% leased. The Property’s premier tenant is a 55,650 square foot Kroger grocery store. Located on a primary north/south roadway with direct access to Interstate 26 and downtown Johnson City, this Property is in a prime location for residents in the Tri Cities area. |
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DuBois Mall – Dubois, PA
DuBois Mall is a 439,451 square foot enclosed mall and power center located on 64 acres in DuBois, Pennsylvania, 70 miles northeast of Pittsburgh. The six building, one story mall has ten anchor tenants, five outparcels, 60 in-line shops, nine kiosks and one ATM. This $48 million regional shopping mall’s tenants include JC Penney, Old Navy, Ross Dress for Less, Big Lots, Staples, Christopher & Banks, Deb Shops and Sears. Gemini also acquired a 3.2 acre parcel adjacent to the Mall for future development. |
La Quinta Inn – Orlando, FL
This 200 room hotel is located off Interstate 4 north of downtown Orlando. The five-story hotel has a full-service restaurant and multiple meeting rooms and convention facilities on-site. Gemini’s hospitality team manages the hotel operation. |
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Boynton LA Fitness – Boynton Beach, FL
A 43,000 square foot stand-alone LA Fitness Center in Boynton Beach, Florida (in Palm Beach County). The LA Fitness is adjacent to the Shoppes at Boynton Beach, a multi-tenant shopping center under separate ownership. |
Ebensburg Plaza – Ebensburg, PA
A 126,405 square foot shopping center in Ebensburg, Pennsylvania, approximately 70 miles east of Pittsburgh. The center is anchored by Giant Eagle, with additional tenants Dollar General, Video Warehouse, Sherwin Williams, GNC and others. |
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The Gem Hotel SoHo – NY, NY
This 46 room, 6 floor hotel was built in 2002 and is located on the lower east side of Manhattan. This limited service hotel is located near public transportation, and the area is experiencing a renaissance with new retail, residential construction and restaurants. Gemini’s hospitality team manages the hotel operation. For more information and to make reservations please visit www.thegemhotel.com. |
Lewisville Commons – Lewisville, NC
Lewisville Commons is a 75,824 square foot shopping center anchored by Lowe’s Foods. This property consists of 3 single-story, multi-tenant retail buildings and is currently 100% leased by 16 tenants. |
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Tamiami East Shopping Center – Miami, FL
A 54,864 square foot shopping center in Miami, Florida,
this lifestyle neighborhood shopping center is anchored by LA Fitness and is located in an upscale, high-growth area of Miami. |
College Plaza – Bluefield, VA
College Plaza is a 59,250 square foot shopping center in Bluefield, Virginia. The center is highly visible and easily accessible from Highway 460, the main retail corridor in Bluefield. The property is anchored by a 29,000 square foot Big Lots (NYSE:BLI), the nation’s largest closeout retailer. |
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Indian Creek Shopping Center – Roswell, GA
Indian Creek is a 58,487 square foot shopping center in Roswell Georgia. Roswell is a growing, affluent suburb of Atlanta. The center is anchored by LA Fitness, with a number of retail tenants that complement the health and wellness theme of the property. |
North Summit Square – Winston-Salem, NC
This 224,650 square foot shopping center in Winston-Salem, North Carolina is anchored by Sam’s Club (Wal-Mart), Lowe’s Foods, and Aarons Rents. It is located just off Highway 52 and University Boulevard in Forsyth County. |
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Ranch Lake Plaza – Bradenton, FL
Ranch Lake Plaza is an 85,475 square foot shopping center located just west of Interstate 75 on State Road 70 in Bradenton, Manatee County, Florida. Its anchor tenant, Sweetbay Supermarket, is complemented by 20 in-line retail shops. |
Edenton Village Shopping Center – Edenton, NC
Edenton Village, a 105,900 square foot shopping center in Edenton, North Carolina, is anchored by Food Lion, Dollar General and Advance Auto. It is located approximately 70 miles south of Norfolk, VA and 100 miles east of the Triangle area of North Carolina (Raleigh, Durham, and Chapel Hill). |
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Harper Crossing Shopping Center – Lenoir, NC
Harper Crossing is a 45,475 square foot shopping center located in Lenoir, North Carolina. It is anchored by a Food Lion supermarket and Dollar General. |
DEVELOPMENT PROJECTS
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Holiday Inn Express – Boston, MA
The Holiday Inn Express is a 66 room, 5 story limited service hotel located in downtown Boston directly across the street from the TD BankNorth Garden, home to the Boston Celtics and Bruins. The property, which is located at the intersection of Friend Street and Causeway, underwent its last renovation in 1995. The hotel will be re-developed and operated as a Holiday Inn Express. |
University Village – Richardson, TX
University Village is a 110,000 square foot shopping center located in Richardson, Texas. Gemini redeveloped this property, which was originally built as a grocery-anchored center in the 1970s. This project features a new ground-up LA Fitness and 4 retail buildings. The center was completed on November 10, 2007. |
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LA Fitness – Tinley Park (Chicago), IL
This 45,000 SF stand-alone LA Fitness is located in Tinley Park, Illinois, a suburb of Chicago. Construction of this project is complete and it opened for business on April 7, 2007.
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Youngsville Crossing – Youngsville (Raleigh), NC
This shopping center is located north of Raleigh in the “Triangle” region of North Carolina. The 21 acre project is anchored by a Food Lion supermarket and contains tenants that cater to personal and household services. Additionally, this development has multiple outparcels, which will be sold or leased to national retailers. |
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Wyndham 24th Street (between Broadway and 6th Avenue) - NY, NY
This 124 room Wyndham Garden Inn is a select-service hotel scheduled for completion in Fall 2008. Gemini entered into a forward purchase contract with the general contractor for this asset, and is monitoring every aspect of this development project. The 17 floor hotel will contain a 2,185 square foot bar and restaurant. |
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The Gem Hotel Chelsea (22nd Street and 8th Avenue) - NY, NY
This 81 room hotel will undergo a full renovation and then be branded as The Gem Hotel by Clarion Collection. In doing so, it will take part in Choice Hotels International (parent company of Clarion) reservation system. Gemini is a co-developer of this asset, and is involved in every aspect of this development project. The completed project will also have 4,100 square feet of retail and will be completed in Fall 2008. For more information and to make reservations, please visit www.thegemhotel.com. |
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Rowlett Crossing – Rowlett (Dallas), TX
Gemini developed this 45,000 square foot LA Fitness building along with an 11,500 square foot multi-tenant building. The retail building has been leased to national, regional, and local tenants that complement the center’s health and fitness theme. | |