New Dick's in Muncie IN a done deal
Retail development next to Muncie Mall adds $14 million in investment
By Rick Yencer
MUNCIE, INDIANA (NEWS) - Many reasons brought Dick's Sporting Goods to the community to add another retail strip near the Muncie Mall.
Patrick Boyle, representing Dick's developer Midland Atlantic out of Indianapolis, offered a few this week after thanking the Muncie Redevelopment Commission for a generous $2.5 million development bond that will finance utilities and infrastructure for the site at McGalliard Road and Princeton Avenue.
Among them was the college market with as many as 500 student athletes who need sporting goods. Then there's the surrounding retail market between Fort Wayne and Indianapolis that has Dick's stores.
And Boyle added that government was generous with helping pay infrastructure and utility costs up front from new property tax revenue generated by Dick's and other retail stores.
Dick's should be in the ground in March, and there's some work to mitigate a wetlands near the nine acre site. Plans for the 41,000 square foot buildings are ready and construction should be finished in time for an October opening that will be ready by Christmas shopping season.
There's been talk of other high end, big name retailers, but Boyle said all others were subject to negotiation.
Those names will be familiar to consumers, like found at Hamilton Town Center near Indianapolis or Jefferson Pointe in Fort Wayne.
The MRC signed off on financing and members were glad to see more jobs and new construction in he community hard hit by unemployment.
Todd Donati, MRC director, said more than 100 construction jobs would be created besides as many as 25 permanent retail jobs.
Some members emphasized the need for local labor on the new retail center. Sometimes, recent construction jobs like the Village Promenade and Grove Apartments used Indianapolis contractors and non union labor.
Boyle called the site the center of "Main and Main" streets where most retailers gathered whether it was the mall or surrounding retail strip.s
Unlike the boxes of West McGalliard like Wal Mart and Meijer and auto dealerships, Boyle said East McGalliard was more special retail besides the clothing stores of Macy's and Elder Beerman. The only box on East McGalliard is Target.
Midland Atlantic has more than four million in retail space in the Midwest in many medium markers like Muncie.