Want a glass of wine with that meal?

Fresh Thyme

Fresh Thyme will open a liquor store in Vadnais Heights with their new store opening next week, featuring 450 wine varieties and local beer.   This will be their 3rd store in our market, along with the Savage opening next week for the 4th spot.   The Plymouth store will follow this fall, and a store in St. Louis Park also opening with a liquor store.   Average size for FT stores is 28,000 sf, without liquor.   They currently have stores open in Bloomington and Apple Valley. 

 

Another vacant Rainbow to be redeveloped.

This one is the 70,000 sf empty box on Lake Street, east of Hiawatha.   Wellington Management has purchased this property and has plans to re-lease the space, and even potentially adding new retail space and apartments to the site.    Purchase price was reported as $5.35m per Finance & Commerce, with Wellington purchasing the property from Watson Centers. Inc.   Wellington Management also owns the Hi-Lake center on Lake Street, just west of this site.

 

At Home in Minnesota

ah-logo-2015

At Home, a home décor superstore, recently made their debut into the Twin Cities with their first location in Burnsville and now they have a store open in Blaine.  At Home was founded as Garden Ridge Pottery in 1979 until the company went through a brand transformation to “At Home” in 2014.  At Home is a privately held company that has been in business for over 30 years and is headquartered in Plano, TX.  In the 12 months ended April 30, the retail company had sales of $653 million. They are currently in the process of going public and anticipate an IPO as soon as next week. It plans to trade under the ticker symbol “HOME” on the New York Stock Exchange.

 

At Home is focused on home décor with a broad assortment of products to suit any style and any budget. Their stores average over 120,000 sf and they typically have 50,000 items including seasonal and holiday décor, patio furniture, home furnishings, wall art and decorative accents, rugs and housewares. The company currently operates more than 110 At Home locations in 29 states.

 

Sources: www.athome.com

http://www.dallasnews.com/business/retail/20160725-plano-based-decor-superstore-at-home-sets-terms-for-ipo.ece

 

Children’s Learning Adventure in Maple Grove

IMG_0983

Childrens Learning Adventure has opened in Maple Grove.   This mega childcare center offers infant, preschool, afterschool and summer camp programs, and includes such activities as Imagination Island, complete with miniature shops, a science center and planetarium, a mock TV studio with video cameras, a garden, library and art studio.  The Maple Grove location is at the corner of I-494 and Bass Lake Road, taking over the site from the vacant Allygators bowling center that had been vacant there for many years.  Childrens Learning Adventure has a second location under construction in the Twin Cities in Chanhassen at Highway 5 and Galpin Road.  Stef Meyers from Mid-America represents this retailer. 

 

More HyVee News

Hy-Vee-Logo-Banner

HyVee has now purchased 40 acres at Bass Lake Road and Highway 101 in Maple Grove at a cost of $10.6 million or almost $6.00 per square foot, per Finance & Commerce reporting.  This would give HyVee enough room for one of their 96,000 sf supermarkets, their convenience store pad site and up to 100,000 of additional retail space.   Maple Grove has given them approval to develop their store here, along with the gas station, car wash and liquor store.  No word on timing of any construction.