Anchors aweigh: Target, Lowe’s coming
Post Independent Staff
GLENWOOD SPRINGS – Retail heavyweights Target and Lowe’s will anchor the Glenwood Meadows commercial center, Miller Weingarten Realty vice president Steven Shoflick said Tuesday.
Shoflick said the department store and home improvement giant are scheduled to open in summer 2005, providing that the development receives final approval by the city of Glenwood Springs.
“Those are the proposed anchor tenants,” Shoflick said.
Miller Weingarten of Englewood is the company brought in by Glenwood Meadows developers to piece together the project’s commercial component.
Lowe’s spokeswoman Chris Ahearn, however, would not confirm that Lowe’s will build a store in Glenwood Springs.
“We don’t comment on potential sites unless we’ve closed on a property,” she said.
Phone calls to Target’s public relations department were not returned Tuesday.
But project consultant Leslie Bethel also said Target and Lowe’s are “committed to the site.”
“We’ve been going back and forth with them for months,” she said. “Target’s been interested in Meadows for a long time.”
The Meadows and Miller Weingarten team will present a conceptual review of the newest version of Glenwood Meadows to the Glenwood Springs City Council at its meeting at 6:30 p.m. Thursday at City Hall.
Store locations reconfigured
Target, which bills itself as a purveyor of “high-quality merchandise at low prices,” sells clothing, electronics and a range of other products. The $28 billion franchise has 1,167 stores in 47 states, including 28 in Colorado.
Lowe’s, whose motto is “Improving Home Improvement,” is a $26 billion retailer that sells home improvement products and equipment. Lowe’s is the world’s second-largest home improvement retailer and the 14th-largest retailer in the United States, according to its Web site.
In Glenwood Meadows’ conceptual review packet, Target’s proposed 124,000-square-foot store location is shown to be near the center of the Glenwood Meadows development along West Midland Avenue. Lowe’s 129,000-square-foot store is shown farther west, close to the city’s Municipal Operations Center.
Three other retail spaces will be located to the east of Target, but it’s not yet known what stores will occupy those spaces.
Grocery, hardware competitors
Target officials originally wanted a grocery store to be located next to its retail outlet, but no grocers wanted to enter the Glenwood Springs market, now dominated by City Market and Safeway.
“The groceries just weren’t there,” Meadows attorney Tom Hartert said.
“There was no demand for another supermarket in Glenwood. We’ve got all we can handle,” Bethel added.
Glenwood Springs True Value hardware store manager Tom Maher said the new Lowe’s will certainly bring competition, but he also guessed there will still be a place for True Value.
“My big concern as a citizen is how it looks from the highway. Stores like that can really affect a tourist town,” he said.
“From a business perspective, there’s probably good and bad. It could be that it will help keep business in town. But on the other side of the coin, it’s pretty difficult to compete with those guys,” he said.
Maher said special product lines and pricing make it difficult for a smaller hardware store to compete, both in price and in selection.
“You have to make a lot of adjustments to compete with them, but my feeling is we’ll survive,” he added.
Carbondale’s Marketplace searching for other anchors
Tuesday’s announcement appears to end long-standing speculation about whether Target would move into Glenwood Meadows or Carbondale’s proposed Crystal River Marketplace, which will be put to Carbondale voters on July 15.
“If Target does sign a letter of intent, it isn’t going to change the plan for the Crystal River Marketplace at all,” Crystal River Marketplace spokesman John Tindall said Tuesday. “We always said we’d like a Target but we couldn’t guarantee getting them.”
Tindall said despite Target’s decision to build a store at Glenwood Meadows, any tenant that goes into the Crystal River Marketplace must provide the level of sales tax revenues that was agreed upon between the developer, Brian Huster, and the town.
Tindall said developers first must wait to see if the Crystal River Marketplace is approved by voters on July 15, then they’ll continue the search for an anchor store.
“In terms of big box, if we don’t get Target, there are others. And a couple of those others are quite serious,” he said.
Contact Greg Masse: 945-8515, ext. 511
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