- Real Estate
- Food & Drink
May 22, 2019
The first signs of significant development are starting at 57th Street and Sycamore Avenue.
Marketing has started on the first of several retail buildings on the northeast corner, which collectively will be called The Market.
The project is co-listed with Van Buskirk Cos. and Harr-Lemme Real Estate and was discussed with national retailers at this week’s RECON convention in Las Vegas.
“This pocket of the city is in need of additional neighborhood services and retail,” said Ryan Tysdal of Van Buskirk Cos. “People like the convenience of neighborhood services close to home – fitness, salons, restaurants, medical, etc.”
Plains Commerce Bank also plans to build a branch on the corner, with construction expected to start later this summer, president Jason Appel said. That would allow for an opening in late spring of next year.
The bank will share its building with additional retailers. There’s about 2,300 square feet available for one or two businesses.
The development is next to The Barrel House, which has shown how the neighborhood will support retail, Tysdal said.
Other additions to the area in recent years have included Fareway, Scooter’s Coffee, Marco’s Pizza, KoKo FitClub and Anytime Fitness.
Stensland Family Farms is opening an ice cream shop in the area, and Get ‘N’ Go plans to build a convenience store and car wash at the corner of 57th and Sycamore.
“The continued residential growth of the southeast part of the city fuels the need for additional commercial development,” said Joel Ingle of Harr-Lemme. “And the addition of a number of office buildings along East 57th Street has increased the daytime population of this area.”
Tysdal and Ingle are in early leasing conversations with a few tenants, they said.
“Our plan is to break ground once we have a couple leases signed, ideally by fall,” Tysdal said.
The first retail building will face Sycamore Avenue, just west of The Barrel House. The Market also has a fast-food lot for sale, along with an office lot to the south of The Barrel House for sale.
“This corner will be completely transformed over the next couple years,” Ingle added.
“This corner will be completely transformed over the next couple years.” Do you live near 57th and Sycamore? Get ready for some changes.