Kite Realty bucking retail trend

Bucking the retail trend of one-off, pad-centric development along the Gulf Coast, Kite Realty Group Trust has begun construction on a new 123,000-square-foot center in Naples.

Tamiami Crossing, one of eight new projects the Indianapolis-based REIT has in its development pipeline nationwide, is slated to contain tenants ranging from Marshall's to Ulta and Petsmart to SteinMart, according to Kite's website.

The new center is expected to be completed at Tamiami Trail and Collier Boulevard later this year. The project is located near a Publix supermarket, a Wal-Mart supercenter and retailers such as Lowe's, The Fresh Market and restaurants such as Outback Steakhouse and Pollo Tropicalle.