We’re looking to get additional tenants and financing and hope

New Cheap Canada Goose Coats lease at Steelyard could spur second phase

canada goose coats Steelyard Commons, the big shopping center near downtown Cleveland, appears on the verge of its first major expansion since it opened in 2007 on the site of a former LTV steel mill. canada goose coats

canada goose First Interstate Properties Inc. of Lyndhurst, the developer of Steelyard canada goose coats on sale Commons, has leased land to Burlington Coat Factory, a national off price department store chain, for a 77,000 square foot store to be built north of the Walmart Super Center. canada goose

Canada Goose Outlet The lease is a breakthrough for First Interstate as it looks to launch a long planned second phase of Steelyard canada goose uk black friday Commons, which brought a contemporary, big box retail center within the city limits. Canada Goose Outlet

“We’re working on launching phase uk canada goose two,” Mitchell Schneider, CEO of First Interstate, said in an interview last Friday, Aug. 10, as he confirmed Burlington’s buy canada goose jacket cheap commitment to Steelyard, which sits at the Canada Goose Online central location Canada Goose online of Jennings Road and Inter state 71.

Canada Goose Parka “It’s been difficult to do in this retail and economic environment,” Mr. Schneider said. “We’re thrilled canada goose black friday sale to have canada goose uk outlet a lease with Burlington Coat Factory. We’re looking to get additional tenants and financing and hope to be under construction in canada goose clearance the spring.” Canada Goose Parka

Canada Goose sale First Interstate wants to include Burlington in a new, 200,000 square foot retail center it plans on canada goose store the site, Mr. Schneider said. Canada Goose sale

canadian goose jacket The developer said Burlington would bring additional soft goods to customers at Steelyard Commons to meet his goal of filling the property with retailers “providing everything one needs for living in the city of Cleveland.” canadian goose jacket

A site map of Steelyard Commons on the website of Goodman Real Estate Services LLC, which serves as the property’s broker, indicates that a second phase on 19.25 acres of the Steelyard complex now is leasing. That acreage includes a location tagged as the site of beachcottage the planned Burlington store.

canada goose store Trolling for tenantsMr. Schneider said the second phase would be the first significant expansion of the 700,000 square foot shopping center since its opening. In the years since, a smattering of casual restaurants and a KeyBank branch have taken outlots that are part of the original plan. canada goose store

canada goose clearance sale Mr. Schneider acknowledged the second phase has taken longer than Canada Goose Jackets expected after the crippling Great Recession. Only within the last year have some retailers regained their appetite for new space after the spate of store closings and retailer bankruptcies that cheap Canada Goose occurred in the recession’s wake. canada goose clearance sale

buy canada goose jacket When First Interstate and Goodman Real Estate were recruiting tenants for Steelyard’s inception, their canada goose coats challenge was selling retailers on an untested urban location compared to the suburbs. buy canada goose jacket

cheap Canada Goose This time around, the challenge is getting commitments from the few tenants who are in expansion mode. cheap Canada Goose

canada goose clearance “If you have a retailer adding, for example, 15 new stores this year compared to 50 before the downturn, it’s far more difficult now because you canada goose clearance sale compete with all the locations with empty big box stores or unused sites uk canada goose outlet all across the country,” Mr. Schneider said. canada goose clearance

canada goose deals However, the Canada Goose sale sales track record established by Steelyard Commons retailers, he said, has helped make the case to prospective tenants. canada goose deals

Canada Goose Jackets “It’s a coup’The plan for phase two at Steelyard was not news to CBRE Group Inc., as the brokerage included the Burlington store and a new shopping area at Steelyard of more than 200,000 square feet on a map of planned construction projects in its recent mid year retail survey. Canada Goose Jackets

canada goose black friday sale Keith Hamulak, a CBRE senior associate, views Burlington as cheap canada goose uk a perfect match for Steelyard. canada goose black friday sale

canada goose coats on sale “It’s a coup for the ownership,” Mr. Hamulak said. “It kicks off phase two for the ownership. The demographics are canadian goose jacket ideal for Burlington. It loves population density and chases discount oriented customers. Where would be better for them to locate than in a market area with little substantial retail competition for three to five miles?” canada goose coats on sale

Canada Goose online Despite its coat factory name, Burlington has broadened its merchandise line to include apparel and home dcor at 470 stores in 44 states and Puerto Rico. Bari Kurzman, a Burlington Coat Factory spokes man, declined comment on a prospective Steelyard location. Canada Goose online

buy canada goose jacket cheap With the tenant commitment in hand, First Interstate now is making the rounds at financial institutions in search Canada Goose Outlet of financing, according to one of the prospective lenders Canada Goose Coats On Sale who declined to be identified buy canada goose jacket cheap.

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