Developers continue to work on Corridor Plaza projects
Construction, recruiting underway
Corridor Plaza continues to hit milestones in the multi-year, multi-million-dollar reinvestment and redevelopment of the former Crossroads Mall.
Plat 2, located at the south end of the project site, is expected to reach completion in July. This will include the opening of the strip center, a 9,500 square foot building, and future home to Teriyaki Madness and Clean Laundry. Patrons will be able to access it from South 29th Street or via the new road connecting Fifth Avenue South to 29th Street from the south.
“We expect to announce another two tenants for the strip center yet this summer,” said BJ Stokesbary, spokesperson for the Corrido Plaza project. “Completion of Plat 2 will also open the development of lots 7 and 8 and the power center located in lot 12.”
The power center will provide space for four to six junior box retailers.
Demolition of the remaining mall structure is expected to begin in September. This will kick off Plat 3, which includes the final road connecting Corridor Plaza from north to south. Along this road will be the planned pavilion and plaza areas along with the entertainment venue and hotel. Plat 3 is expected to be completed by summer 2023.
“In addition to the physical work continuing here in Fort Dodge, our project partners and local leaders are busy continuing to recruit retailers,” said Stokesbary.
The developer, broker, and city of Fort Dodge representatives attended the ICSC conference May 22-24 in Las Vegas.
“The ICSC event allowed us to tell the Fort Dodge story to several national retailers and encourage them to invest in our community,” said the city’s Chief Development Officer Chad Schaeffer.
ICSC Las Vegas, hosted by the International Council of Shopping Centers, is well known as one of the largest global conferences for the shopping center industry. Hosted annually in May, the conference draws dealmakers, real estate professionals, and industry experts from across the globe.
“It’s a huge opportunity to network and make deals,” said Schaeffer.
“The project team is looking forward to starting the last phase of demolition and infrastructure this year,” said Stokesbary. “We’re getting teed up and ready to sign leases for the power center and announce some junior anchors that will be going into that space, hopefully late summer or early fall.”