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DENVER — Developers Diversified Realty Corporation plans to raze Tamarac Square, a two-story mall that is currently 90 percent vacant. Once razed, the non-income producing parcel will be sold to Target, which plans to build a new 135,000-square-foot location. DDR notes that Tamarac Square is in a high barrier-to-entry market that contains about 720,000 people within a seven-mile trade area. DDR also plans to renovate a 33,000-square-foot convenience center that is adjacent to the parcel. Upon completion of the new Target and the neighboring renovation, the project will be about 98 percent leased. The firm is also razing the Terrell Plaza shopping center in San Antonio, Texas, to accommodate a new Target location.