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In the News
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 New Super Target
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Project Renewal Attracts New
Super Target and
Redevelopment
of Market East Shopping Center
After months of negotiation, Target Corporation has concluded a deal which
will bring a new Super Target location to Mesquite. Coming in at 188,000
square feet it will be among the biggest the chain has ever built, and it will be
among the first in the nation to use the company's new architectural design
standards for its new stores.
The deal was made possible as part of the City's new Project Renewal
initiative, which is the City's long-term plan to rebuild/re-invent itself.
Mesquite helped facilitate the deal by agreeing to sales tax incentives
staggered during the next 20 years and by helping to facilitate the purchase of
land needed to build the new store.
The new Super Target will replace an existing Target store in the Market East
Shopping Center near Town East Boulevard and IH-635. Surveying has already
begun, and the old store should be closed and torn down early next year. The
new store is expected to open in October 2009.
In addition, several nearby vacant
buildings will be demolished,
including those that previously
contained Mervyn's and Wickes
Furniture. The Market East Shopping
Center will also be renovated and
expanded to accommodate new
businesses expected to locate around
the new Super Target.
One of Mesquite's Project Renewal
initiatives is to devise aggressive public-private partnerships to spur new development
and redevelopment. Since its inception in October 2007, the City has
been able to attract approximately $92 million in proposed new development.
These projects include the new Super Target and Peachtree Towne Center,
which is a proposed $52 million mixed-use development that will have
shopping, dining and a new full-service hotel and conference center, and a
new restaurant row to be located along I-635 near Gross Road. |
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