2007-04-03_PR Comm Packet - Laserfiche WebLink

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Har Mar, Crossroads expect to draw tenants BY GITA SITARAMIAB Pioneer Press . `thanks to empty cinemas, the shopping renaissance in Roseville should continue this year. Movie theater complexes at -The Har Mar cinema, which opened in 1970, closed after the debut of Rosedale's 14 -screens.�r both Isar Max Mail and Cross- roads Shopping Center shut down after a new AMC The- atres' 14 -screen behemoth debuted in: December at Rosedale MalI's new outdoor shopping wing. The people behind Har Mar hope to attract two to three new store anchors that will result in fresher exteriors for the 45 -year-old center. At Crossroads, retail observers say pent up demand should draw retailers to the empty cin- ema and a former Rainbow Foods location. "When tenants come to town, they want to be located in Edina, Roseville and Min- netonka," said Stefanie Meyer, a vice president at United Properties, a com- mercial real estate firm in Bloomington. Roseville's high daytime population, easy accessibility to both 'Twin Cities' downtowns and the northern suburbs, as well, as proximity to middle- and high-income �r neighborhoods, are enticing for retailers. Rosedale tops one local survey of area malls pre- ferred by shoppers during the holidays, surpassing the rnuch- larger Mall of America in Bloomington. And the shopping options have been beefed up recently. "The Plaza at Rosedale Cen- ter," a $55 million addition was unveiled in fall as an outdoor shopping wing at the mall, which is across the street from Crossroads. A SuperTarget, across the street from Har Mar, opened in October 2005 on the site of a former Target stare. All that activity does even more to attract retailers, though any more store open- ings. are months off. liar Mar is under new own- ership and the managing part- ner, Emmess Reality Services PIONEER PRESS FILE PHOTO CLOSED CINEMAS, 4C —4007, `Ll H7?JV'IN ;AV(j IfliVS �J NQD'5]1.Lf7NiMi'MMM 53321d 213311401d inVd '15 r r- a - )r is e. Closed seri (continved} of New York, expects plenty of interest, Meyer said. "There's a line of tenants interested even before we started doing marketing," said Meyer, who took over the list- ing this week. _-_uuuu to the compa- ?001 guidance. At Crossroads, there's more traffic directly across the street now that an empty Mervyn's department store location has been replaced by Rosedale's addition. "That actually helped us," said Tricia Pitchford, a United Properties senior retail associ- ate. "It created some new ener- gy and activity on that side of the mall." Gita Sitararniah can be reached at 651-228-5472 or gsitararniah@pioneepress.com.