Midland Atlantic brings Michaels, Men's Warehouse, others to Muncie Marketplace
Local contractors will be on the job
By Rick Yencer
MUNCIE, INDIANA (NEWS) - Construction began this week on the new Muncie Marketplace that will include Michaels, Men's Warehouse and others besides Dick's Sporting Goods near Muncie Mall.
Midland Atlantic Properties announced a full list of retailers that also includes Five Below and McAlister's Deli.
"Having pre leased 95 percent of Muncie Marketplace prior to construction shows that it is the perfect compliment to the area's retail mix," said Patrick Boyle, Midland's representative.
Aaron Boyle, principal in the development company, said the expansion of retailers shows recovery in the economy and retail sector. And he expressed excitement about bringing development to the local community.
Local government was generous with providing utilities and infrastructure for the $14 million investment of 78,000 square foot retail property anchored by Dick's Sporting Goods.
A $2.5 million bond was financed for that work, and Todd Donati, director of Muncie's Redevelopment Commission, said it was great working with a new developer that was making a major investment in the economy.
And Donati said local contractors would be on the project, meaning construction jobs besides the retail jobs coming when the stores open in the fall.
The site was a prime location since the mall's opening over 40 years ago. Major anchors there like JC Penney, Sears, Macy's and Elder Beerman are supplemented by other retailers surrounding the mall like Target and Kohl's.
The Boyles mentioned that Main and Main destination in selecting the McGalliard Princeton corner for the development. Whether it is visibility or high traffic, McGalliard continues to be the main commerce and trade zone of the community.
When finished, local officials anticipate at least 150 retail jobs will result from the stores, adding to the thousands more in the local market.