Ah, this must be some definition of "leased" with which I am unfamiliar.
Taylor Long Properties' own flyer on the development (http://www.taylorlongproperties.com/pdfs/Hancock-Village-Short.pdf), updated today (Feb. 13), currently lists four buildings totaling 54,408 square feet -- which do not exist at this point -- as "pre-leasing," It also lists three outparcels which currently exist only as grass lots as "available," and 12 small shops -- only one of which actually exists right now -- as either "available," "pending" or "pre-leasing." And it completely omits any mention of the remaining Wal-Mart-sized anchor space at the far end of the anchor row, only noting its location on the plat as "future development."
One visit to the shopping center reveals the enormity of build-out that's still left to do. There's an enormous gap between Wal-Mart and Five Below that's supposed to be occupied by four major anchors -- that space is nothing but graded earth right now. And then there's that other, approximately 150,000-square-foot graded pad down past Hobby Lobby; it originally was going to be a JCPenney store. As if that isn't enough, the glaring absence of more than half of the property's outparcels along Hull Street is readily apparent. How anyone can say the property is "100% leased" is an insult to the intelligence of anyone who has two eyes and can read.
Today, when you drive in the "main entrance" to Hancock Village, there are pads for two more rows of "neighborhood shops" that don't exist -- and you pass by those eyesores before you arrive at the ones that are occupied. Keep going and the entrance road terminates facing an empty, graded pad. You have to turn left to go to Wal-Mart or right, and past three more vacant pads, to get to Five Below, Dick's and Hobby Lobby. The property as it exists at present may be mostly (but not 100%) leased in terms of available boxes, but the shopping center itself is currently only a scattering of buildings -- the rest of the property is littered with rusting roofing trusses, piles of weathered streetlight poles and a graveyard of precast box culverts and concrete pipes. (And acres upon acres of paved, striped and lighted parking lot that are completely useless and unused right now.) There hasn't been any new construction activity since Hobby Lobby opened a year and a half ago.
Sorry for all of the specifics, but I've been following this shopping center's progress since it's close to my home and I lovingly remember it as Clover Hill Farm. I guess I'll summarize by saying that what Ed Nunnally calls "one of the strongest performing properties in the area" is a half-built eyesore at this point.
