The Wedge on Western seeking stores, restaurants

By Jodi Schwan

A new, uniquely shaped retail center at 69th Street and Western Avenue has a new name and a new team leasing it.

Ron Nelson and Richard Thomason of Nelson Commercial Real Estate dubbed the property on the intersection’s southwest corner The Wedge on Western.

“It’s cool architecture, so we just came up with some ideas and decided to have some fun with it,” Nelson said.

The building is 17,000 square feet and can be subdivided starting at 1,600 square feet.

There’s one lease in process for a little over 2,000 square feet.

“And we have one we’re working hard with that would take 8,500 square feet,” Nelson said.

He envisions a restaurant similar to Bracco, with a patio, working well at the property.

Most of the retailers will be local, but some could be national, Nelson said.

“69th and Western has more of a neighborhood feeling,” he said. “Demographically, it’s off the charts.”

The property was one of several he marketed at this year’s RECON event in Las Vegas.

Nelson said response from retailers to looking at Sioux Falls and other regional communities where he is marketing properties was positive, although some are in “a redefining mode” and others are experiencing changes in management or within their categories.

Deals aren’t moving along quickly in many cases, he added.

“I’m working on somebody new we hoped might be a little further along in market studies than they are, and they aren’t saying ‘We’ll come to Sioux Falls’ yet,” he said. “It’s the same phase we were in with Costco for two years before they ever came to town.”

The Wedge on Western seeking stores, restaurants

A new, uniquely shaped retail center at 69th Street and Western Avenue has a new name and a new team leasing it.

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