Tuesday, December 17, 2013

A Peek at Two Future Retail Developments

Images Offer Look at Possible Project Designs

As the city of El Paso continues spreading outward at its edges, retail developments are in the works to serve newer areas. Though many of these shopping centers are still in the works, some developers offer sneak peeks at what they may look like through renderings, concept images, and site plans.
An artist’s rendering shows what a future shopping center may look like at Redd Road and S. Desert Blvd., from the marketing brochure at www.rjlrealestate.com. (Concept designs are subject to change.)

One such development, at the corner of South Desert Boulevard and Redd Road, will add a 14.9-acre shopping center to the West Side. The center’s site plan at the RJL Real Estate website (www.rjlrealestate.com) shows multiple parcels surrounding a central larger plot.

The unnamed future center’s rendering shows a traditional layout for a medium-large strip mall, with longer, multi-tenant buildings located along the back and smaller buildings closer to the surface streets. The land, owned by River Oaks Properties according to the marketing brochure, is for sale and may be developed differently depending on whom ultimately breaks ground.

Population numbers within a five mile radius of the area are expected to grow approximately by 20,000 between 2010 and 2018. It is located across Interstate 10 from a larger shopping center which includes an Albertson’s grocery store and a Kohl’s department store.

A short drive north, Centergy Retail of Dallas is developing two large properties across the street from each other. Both properties, at the corner of Paseo Del Norte Boulevard and North Desert Boulevard, appear on the same site plan at the developer’s website (www.centergyretail.com).
This site plan for a project on Paseo Del Norte (www.centergyretail.com) has been color coded to show planned structures, in orange. Outparcels are in beige.

A closer look at the site plan shows a large, 150,000 square foot building on the southeast corner surrounded by nine outparcels, plots that can be purchased or leased for restaurants or retail uses, as seen in many El Paso shopping centers. The outparcels are located along Desert Boulevard and Paseo Del Norte.

On the northeast corner, the layout is more typical of a power center, one that has several spaces for “big box” retailers. One large 135,000 square foot space anchors the north-south building, a structure that will be the size of a typical Target store.

Moving northward, buildings range from a 48,000 square foot space with a layout resembling a combination TJ Maxx/Homegoods store, to smaller 2,000 square foot spaces. Standalone buildings are also included, including 29,050 and 40,000 square foot buildings.

A small cluster of buildings is located in the middle of the property, with spaces ranging from 7,000 to 25,200 square feet. This property also includes eight outparcels. Centergy Retail also developed the Fountains at Farah power/lifestyle center on El Paso’s East Side.

No timelines or costs have been disclosed for either project. Though developers use imagery and site plans to convey a general sense of a retail development’s future, they are subject to change.

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