The newest tenants include Benihana, Caribou Coffee, Chin's Asia Fresh, Circuit City, DSW, Klein Bank, a Marriott Courtyard hotel, Mattress Giant, Recreational Equipment, Inc. (REI), Salsarita's Fresh Cantina and Trade Secret.
John Meyers, vice president of Opus Northwest, tells GlobeSt.com that the development came as a result of the success of the Arbor Lakes Mainstreet project, the Shoppes at Arbor Lakes Lifestyle Center and the Maple Grove Crossings project. The Fountains at Arbor Lakes is an extension of the original two-million-sf shopping and entertainment campus, and will focus on big-box and junior anchor retailer.
"It has continued to expand the Arbor Lakes brand and commercial district," Meyers says. "You've got all the major retail components covered; you have everything within this shopping district. The Fountains rounded off the retail opportunities for the residents, and it's done in same high-end architectural style."
The Fountains project will be developed on 90 acres at the intersection of Interstates 94, 494 and 694. Anchor tenants include Costco, Lowes, Marshalls, PetSmart and several junior anchors, two hotels including a full-service water park hotel, six to eight restaurants, 60,000 sf of shop space and a compliment of office space. Physicians Neck & Back Clinics recently signed a letter of intent to expand its services by committing to a 7,500-sf office in the project.
Meyers calls the Shoppes at Arbor Lakes one of the largest shopping areas in the Twin Cities. With more than 600,000 people located within 10 miles and an average household income of nearly $80,000, Meyers says Maple Grove is the fastest growing city in the metropolitan area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
