While many elements of the retail sector may be hunkering down and riding out the economic downturn, in Clifton Park DCG Development is priming for the eventual recovery of the retail sector and embarking on a major construction project at Clifton Park Center.
Wrecking machines tore into the former Steinbach's store, located off of Northway Exit 8, on Wednesday, Aug. 19, beginning the process of replacing the massive structure with a string of smaller businesses.
In today's economy, creating a space for many smaller stores makes more sense than trying to attract a big tenant, said DCG development Vice President of Leasing Rick Eaglestone.
Originally we were looking at doing one big box user, we just haven't been successful in leasing it as one user, he said. "Some of your big box stores are just having a tough timeit's a logical move to go smaller."
The developer thinks that 15 stores will eventually inhabit the new 55,000-square-foot building, though that number is up in the air. So far, DCG has confirmed that a Chipotle Mexican Grill will make a home in the corner of the shopping center and that a Metro Mattress branch has also signed on.
A Chipotle location opened earlier this year in Wilton to much fanfare.
DCG is calling the expansion Phase 3 of their plans to transform Clifton Park Center. The new string of stores will be "direct access," or what some would call a strip mall format, meaning patrons will be able to park in front of a shop instead of entering an enclosed mall.
In 2006, when DCG acquired Clifton Park Center, it demolished nearly 200,000 square feet of mall roof to create room for 30 "direct access" stores. The shopping center is still anchored by a traditional interior mall that is home to a Regal Cinema.