B.G. & Sons, LLC and The Glimcher Co. still intend to build 'Twinsburg Fashion Place' on 93 acres straddling Twinsburg and Twinsburg Township near Hadden Road and Interstate 480.
The acreage is owned by Dr. Bahman Guyuron, a well-known Lyndhurst plastic surgeon.
The proposed 803,731 square foot, two-story shopping center would have two department stores on either end and, between them, retail shops, restaurants and a food court, according to Guyuron's attorney Sheldon Berns.
The Glimcher Co. owns 24 malls nationwide, including Polaris Fashion Place in Columbus.
Guyuron hopes to complete the Twinsburg project in 2010. The development would also create about 1,200 full-time employees.
Two nearby developments in Solon, north of Twinsburg, have already been scrapped.
In January, Stark Enterprises dropped a Solon plan to build a 75-acre, $750 million Garden District lifestyle center when Gross Builders withdrew its 250 senior housing units from the plan.
Coral Co., of University Heights, had plans to build a lifestyle center, which would include a $500 million complex on 90-acres between Bainbridge and Solon roads. The Coral Co., complex would have included stores, restaurants, offices and condominiums.
That development is also now off the drawing board.
Stark also pulled out of a Warehouse District development in Cleveland this week when he couldn't get options on properties he needed extended.
The East Bank of the Flats project in Cleveland by developer Scott Wolstein's Developers Diversified and Fairmount Properties is now on hold, due to the current economic crunch.