Target unveils big plans for East Valley - East Valley Tribune: Business

Target unveils big plans for East Valley

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Posted: Tuesday, May 20, 2003 11:09 am | Updated: 2:23 pm, Thu Oct 6, 2011.

LAS VEGAS - Target has targeted the East Valley.

The popular retailer plans to build the Valley’s first two Super Targets — the combo department storesupermarket — in Gilbert.

And the company has its eye on Chandler for a new Target Greatlands.

Local developer Vestar snagged a Super Target for the Crossroads Towne Center, a 450,000-square-foot shopping center at Gilbert Road and the San Tan freeway alignment, and another one for Gilbert Gateway, an 800,000-square-foot center on Power Road and the freeway, said David Larcher, Vestar’s executive vice president.

Both are scheduled to open in March 2005, he said. And both have attracted popular retailers such as Cost Plus, Michael’s, Ross Dress for Less, Petsmart and Linens ‘N Things to sign on for nearby space.

"Target is a quality tenant, and that attracts good adjacent tenants," Larcher said. "A Super Target takes a shopping center to the next level."

Larcher said the Super Target will serve as a supermarket anchor, drawing the neighborhood shoppers, as well as a major power center attraction.

The two Gilbert shopping centers are nine miles apart, he said, making the Super Targets easily accessible from Chandler to Mesa, so they should not steal potential customers from each other.

Both shopping centers are also expected to add home improvement stores in a second phase of development, he said.

Westcor is building a new shopping center for the Target Greatlands, a bigger version of a traditional Target, said Tracey Gotsis, Westcor senior vice president.

The 300,000-square-foot Chandler Village Center is located south of the Chandler Fashion Center regional mall.

It will be nearly the final development in the 320-acre retail complex that stretches from north of Chandler Boulevard to the San Tan alignment, Gotsis said.

A Renaissance Club Sport Hotel is slated to be built on another parcel south of the mall, and a small bit of land on the northwest corner of the mall site is pegged for offices.

Gotsis said Westcor did not plan to develop additional retail on the site for several years.

The company completed the mall, two power centers — Chandler Gateway and Chandler Festival — and the Boulevard Shops during the last three years.

But Gotsis said the planned San Tan Freeway, which is lined up to skirt the south end of the property, spurred immediate retailer interest.

"Target wanted to grow in the southeast Valley," Gotsis said. And Target didn’t want to wait.

The store is already under construction and is expected to open in the fall, she said.

Gotsis said two other socalled "big-box" retailers are also ready to sign and should be on board within a couple of months.

"When the San Tan opens (the shopping complex) will have two front doors," she said.

The Target-anchored shopping center will be a huge draw into the mall and other power centers she said.

Target spokeswoman Brie Heath confirmed the plans for the Target Greatlands.

Heath said the deal for the Super Targets is expected to be completed soon.

"We are looking to bring Super Target to those two locations, and we are finalizing the details of the agreement," Heath said.

She said there are no other Valley Super Target sites planned at this time.

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