National Developer Bringing New Retailer to Emmetsburg
Thursday, October 15, 2015
by Dan Voigt , Emmetsburg News
Following the closure of the ALCO?store in Emmetsburg at the end of 2014, the community has had to adapt to one less retailer in the community and the loss of employment for several local residents. However, officials of a Minneapolis-based property development firm made a major announcement affecting Emmetsburg on Monday, Oct. 12.
National property development firm Oppidan Investment Company announced that it is currently developing four Shopko Hometown stores throughout the Upper Midwest, including a location in Emmetsburg. The Emmetsburg location will be constructed on the south side of West Main Street, or Highways 18 and Four, across from the A&W?Restaurant. Along with the Emmetsburg location, Oppidan Investments will be building Shopko Hometown stores in Ord, Neb.; Chamberlain, S.D.; and Dell Rapids, S.D.
"We are pleased to continue to partner with Shopko as it grows its presence nationwide," said Paul Tucci, vice president with Oppidan. "Shopko is a highly reputable brand recognized for providing quality merchandise at affordable prices. We believe these four communities will be well served by Shopko."
In October of 2013, Oppidan announced a partnership with Shopko to advance the retailer's Hometown store expansion efforts. Shopko Hometown stores are smaller in scale than standard Shopko stores, sized at approximately 26,000-square feet, but offer the same departments and variety as their larger counterparts, including apparel, shoes, housewares, optical, pharmacy, and more. Oppidan has already developed seven such Shopko stores throughout Iowa, Minnesota, Nebraska, North Dakota, Minnesota, and Wisconsin.
Construction on the Nebraska and South Dakota stores begins on Monday, Oct. 12. Construction on the Emmetsburg store will begins in the next few days. All four stores are expected to open for business by July 2016.
Since 1991, Oppidan Investment Company has been providing development, construction and project management, asset management, and brokerage services to the retail, industrial, commercial and residential markets. The firm has successfully developed more than 300 projects nationwide with a total value of more than $1.775 billion.
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