Two new restaurants, a hotel and retail space are coming to the northeast corner of the Interstate 270-Sawmill Road interchange.

Two new restaurants, a hotel and retail space are coming to the northeast corner of the Interstate 270-Sawmill Road interchange.

Real estate group Casto on June 23 began demolishing a 115,000-sqaure-foot portion of the New Market shopping center that once housed Media Play and CompUSA, thus making way for redevelopment.

New construction will include two sit-down national restaurant chains, an 80-bed hotel and at least 40,000 square feet of retail space.

Lifestyle Fitness and Golfsmith currently occupy part of the New Market development, and Casto spokeswoman Sarah Benson Heinrichs said they would remain open throughout construction.

The restaurants and hotel will have their own outparcels within the development, Heinrichs said, and the restaurants could be open by the end of the year or early 2012.

"Casto intends to turn over possession of the outparcels to the new restaurants by October in order for them to commence construction," she said. "Please stay tuned for official announcements of the restaurants and hotel user."

The layout of the 40,000 square feet of retail space will depend on the user, Heinrichs said, which has yet to be determined. The land is being marketed, she said.

Although the development that sits behind Olive Garden and Wendy's on Sawmill Road has been partially empty since the closing of Media Play in 2006 and CompUSA in 2007, Heinrichs said, location is key in the success of the redevelopment.

"We've been owners (of New Market), and we believe location is everything, and the fact that this sits on the northeast quadrant of Sawmill and I-270 already proves that it is a high-traffic area where shoppers will come," she said. "It will draw patrons."

An announcement regarding the restaurants and hotels could come within the next few weeks, Heinrichs said.