Lyndale Station, the city’s newest retail center, is proceeding roughly as expected, with .
Lyndale Station, which is taking the place of the former Kmart, on a property located at the corner of 66th Street and Lyndale Avenue. .
Steve Wellington, president of development company Wellington Management Inc., told some 50 residents and local businesspeople gathered for a luncheon last week that his company remains in contract negotiations with a number of retailers interested in moving into Lyndale Station’s other two buildings. Among them are a prominent grocery chain interested in renting the entirety of a second 19,000 square foot building at the shopping center.
“I think you’ll be happy with it,” Wellington said, explaining that due to ongoing contract negotiations he couldn’t specify which grocery chain was interested.
If that chain does end up moving into the second building, Wellington said a number of retailers that might have moved into that building remain interested in moving into Lyndale Station’s third and final building, an 8,500 square-foot space that hasn't begun construction.
While his company remains dedicated to developing successful, small community shopping centers, Welllington noted that there were distinct advantages to having a major chain like LA Fitness at Lyndale Station.
“If you have a major anchor tenant bringing that kind of marketing to the site ... it makes it more likely that smaller, less creditworthy tenants [will] show up.”
Operating some 90 buildings in 23 Twin Cities communities, Wellington has 26 years of experience building retail centers. He took time out to praise the work process that led to Lyndale Station’s expedited construction process.
“It was clear that there was a passion in this community, and a sense of working together and team work that is very refreshing and encouraging,” he told the audience. “Richfield is a thriving, great place to do business.”
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