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2007-04-03_PR Comm Packet
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2007-04-03_PR Comm Packet
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Har Mar, Crossroads expect to draw tenants <br />BY GITA SITARAMIAB <br />Pioneer Press <br />. `thanks to empty cinemas, <br />the shopping renaissance in <br />Roseville should continue this <br />year. <br />Movie theater complexes at <br />-The Har Mar cinema, which <br />opened in 1970, closed <br />after the debut of <br />Rosedale's 14 <br />-screens.�r <br />both Isar Max Mail and Cross- <br />roads Shopping Center shut <br />down after a new AMC The- <br />atres' 14 -screen behemoth <br />debuted in: December at <br />Rosedale MalI's new outdoor <br />shopping wing. <br />The people behind <br />Har Mar hope to attract two to <br />three new store anchors that <br />will result in fresher exteriors <br />for the 45 -year-old center. At <br />Crossroads, retail observers <br />say pent up demand should <br />draw retailers to the empty cin- <br />ema and a former Rainbow <br />Foods location. <br />"When tenants come to <br />town, they want to be located <br />in Edina, Roseville and Min- <br />netonka," said Stefanie <br />Meyer, a vice president at <br />United Properties, a com- <br />mercial real estate firm <br />in Bloomington. <br />Roseville's high <br />daytime population, <br />easy accessibility to <br />both 'Twin Cities' <br />downtowns and <br />the northern <br />suburbs, as well, <br />as proximity to <br />middle- and <br />high-income <br />�r <br />neighborhoods, are enticing for <br />retailers. Rosedale tops one <br />local survey of area malls pre- <br />ferred by shoppers during the <br />holidays, surpassing the rnuch- <br />larger Mall of America in <br />Bloomington. <br />And the shopping options <br />have been beefed up recently. <br />"The Plaza at Rosedale Cen- <br />ter," a $55 million addition was <br />unveiled in fall as an outdoor <br />shopping wing at the mall, <br />which is across the street from <br />Crossroads. A SuperTarget, <br />across the street from Har Mar, <br />opened in October 2005 on the <br />site of a former Target stare. <br />All that activity does even <br />more to attract retailers, <br />though any more store open- <br />ings. are months off. <br />liar Mar is under new own- <br />ership and the managing part- <br />ner, Emmess Reality Services <br />PIONEER PRESS FILE PHOTO <br />CLOSED CINEMAS, 4C <br />—4007, `Ll H7?JV'IN ;AV(j IfliVS �J <br />NQD'5]1.Lf7NiMi'MMM 53321d 213311401d inVd '15 <br />r <br />r- <br />a - <br />)r <br />is <br />e. <br />Closed <br />seri <br />(continved} <br />of New York, expects plenty of <br />interest, Meyer said. <br />"There's a line of tenants <br />interested even before we <br />started doing marketing," said <br />Meyer, who took over the list- <br />ing this week. <br />_-_uuuu to the compa- <br />?001 guidance. <br />At Crossroads, there's more <br />traffic directly across the <br />street now that an empty <br />Mervyn's department store <br />location has been replaced by <br />Rosedale's addition. <br />"That actually helped us," <br />said Tricia Pitchford, a United <br />Properties senior retail associ- <br />ate. "It created some new ener- <br />gy and activity on that side of <br />the mall." <br />Gita Sitararniah can be reached <br />at 651-228-5472 or <br />gsitararniah@pioneepress.com. <br />
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