Page 2 of 2 Previous
The Paragon development appears to have touched off other developers’ interest in the Cedar Grove area. Next to the mall, work will begin late this year on a 190-unit upscale apartment building, the first to be built in Eagan since the mid-1990s. Hotel developers also are eyeing Cedar Grove.
Area commercial brokers say neither the outlet mall nor the proposed Lockheed development should have difficulty attracting merchants. “Both projects have the scale, the gravity to pull tenants,” said Richard Grones, whose Edina-based Cambridge Commercial Realty specializes in the retail market.
Maguire said he believes the Lockheed project could bring “more urban-flavored” merchants to Eagan. “My wife drives into St. Paul right now to go to Trader Joe’s, and I suspect she’s not the only one,” he said. The development calls for a 38,000-square-foot grocery store, with Trader Joe’s and Whole Foods considered possible tenants.
Dan Gleason, executive director of brokerage services for Cushman & Wakefield/Northmarq, said the retail and housing projects now underway in Eagan could eventually help its office market.
“Maybe that gives you a leg up when folks go out and start looking,” Gleason said. “But first you need people looking, and that’s just not happening to any great degree. We just simply haven’t seen the job growth we need to fill these spaces.”
Susan Feyder • 952-746-3282