Personally, I think this project will be good for the entire west side. And I am one of those residents in the area of the proposed shopping center. I also work in the Western Hills Plaza which, as everyone who lives on the west side says is sinking into a hole that leads to hell.
Here is the scoop, and this is only hearsay from the newest owners of the Western Hills Plaza.
A New Jersey company called New Plan bought the Plaza in Nov. These guys are the same company that bought and remodeled the Western Village across from the Plaza (New Kroger). One of the new mall managers of the plaza has said that this spring you will start to see some changes to the shopping center itself. I know with Media Play, Pier 1, and Dress Barn all leaving within the last month, it has left locals feeling uneasy, but by Kroger originally being the anchor tenant and them moving across the street, they have now voided everybody's lease. So everyone in the plaza is free to go. The newest RUMORS are that Sears could go sometime in the future, but due to the fact they merged with K-mart, the talk is of a rebuild where the current K-mart is in Manchester Plaza. NOT A BAD THING IN MY OPINION!!! Staples is at the end of their ten year lease and have expressed interest on Harrison ave. as well. Keep in mind that New Plan is planning on sticking some serious money into the Western Hills Plaza so with so many stores empty, this makes the progress of possibly redoing the entire campus easier which involves alot of wasted space behind the current layout of the existing structures. ( You will see what I mean if you look at the plaza from google earth)
I will do some more digging on this issue, but I believe that Manchester, WHP, and the new proposed center on Harrison will ultimately be a renewal for the whole area. (FINGERS CROSSED).