Cub Foods to anchor White Bear Kmart redevelopment
Tuesday, December 30, 2014
- Nick Halter
- Staff reporter-Minneapolis / St. Paul Business Journal
- Cub Foods will anchor a redevelopment of the vacant Kmart site near Maplewood Mall in White Bear Lake.
Oppidan Investment Co. of Minnetonka submitted plans to the city this week showing a Cub Foods with an attached liquor store and a Planet Fitness gym. There's also space for another large, unnamed retail tenant.
If plans go accordingly, construction will begin in March and wrap up in October, said Paul Tucci, Oppidan's vice president of development.
The third large retail space and smaller "outlots" in the parking lot are part of a second phase, but could be sped up if Oppidan finds tenants.
"Now that we can start marketing the property, hopefully we can bring some of those phase-two pieces together and make them part of phase one," Tucci said.
The 61,000-square-foot grocery store will be operated by Supervalu Inc. of Eden Prairie, Cub's parent company.
The development proves that Supervalu isn't done expanding the Cub brand, even after converting 10 Rainbow stores into Cub Foods stores this year.
A public hearing on the plan is scheduled for Jan. 26 before the White Bear Lake Planning Commission.
Oppidan is under contract to buy the 12-acre site at the 694 and White Bear Avenue intersection in mid-January.
Colliers International Minneapolis-St. Paul is representing the seller, Quantuck Capital of New York.
The project's architect is RSP Architects of Minneapolis.