DDR and Target Commence Redevelopments in San Antonio and Denver

Developers Diversified Realty Corporation DDR today announced plans to raze the Terrell Plaza shopping center in San Antonio, Texas and the existing two-story enclosed mall at Tamarac Square in Denver, Colorado to allow for the sale of these non-income producing parcels to Target for the construction of two new stores. DDR intends to redevelop adjacent retail space at both centers to accommodate demand from additional high-quality retailers.