South Meadow Square Construction Update, 6/2018

18 06 2018

The new endcap spaces on the former KMart (now Hobby Lobby) Plaza at 742-744 South Meadow Street. The first set of photos are the northern endcap with 7,315 SF of retail space, next to PetSmart. The southern endcap is a 14,744 SF space being built where K-Mart’s garden center used to be, which I think explains the huge chunks of concrete slab piled out in front.

With no tenants formally announced, these spaces will not be completely finished on the inside – all utilities will be in as well as structural supports and insulation, but the space will be fitted out to the needs of the tenants, so things like flooring, fixtures and interior finishes will wait until someone has signed a lease with Benderson Development. I did not see anything on file for a fit-out in the city of Ithaca’s building permits paperwork (however, I did see last week that Elmira Savings Bank landed an unnamed tenant for its second floor office space at 602 West State Street).

Oftentimes you’ll see retail real estate managers try to find tenants that complement each other, say a salon and a cafe, or a sporting goods store with a women’s clothing store (the somewhat sexist argument there is that the ladies go to one while their male partners go to the other). Increasingly, entertainment and recreation options are becoming tenants – take for instance the announcement that a live theatre company will be taking 12,000 SF of space in the Shops at Ithaca Mall. That can help existing tenants by drawing in unique customer traffic that may choose to browse, shop and dine at other mall venues.

Back to the site at hand, the decorative facade appears to be initially shaped with plywood over steel stud walls, with a layer of fireproof gypsum laid over the top of that (except toe cornices, which appear to have no plywood layer, only gypsum). The bases are concrete masonry walls. The textured stone veneers and fiber cement panels will come later.


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28 06 2018
Ithacontrarian

> The southern endcap is a 14,744 SF space

The typical GFA of a new Trader Joe’s store is about 15,000 ft2, give or take.. Hmmmmmm ….

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