Midland Atlantic Announces Grand Opening of Rushmore Crossing
Phase I completed, development slated for future growth
Rapid City, SD - Midland Atlantic Development announces the grand opening of Phase I of Rushmore Crossing, a $100 million retail development in Rapid City.
The cold temperatures and struggling economy did not deter customers from lining up to be the first to experience the newest shopping center in Rapid City. A group of over 400 excited shoppers braved frigid cold temperatures while waiting for the doors to open on February 14th at the 50,000 square foot Scheel's All Sports, the last of the Phase I retailers to open at Rushmore Crossing.
For many of the Phase I retailers including TJ Maxx, Gordman's, Michael's, Petco, Shoe Carnival, Dress Barn and David's Bridal, the Rushmore Development represents their first foray into Rapid City and they have been thrilled with the initial response from the public. All have indicated that they experienced strong opening day sales.
Target and Scheel's All Sports, anchors for this initial phase of the development relocated their existing Rapid City operations to Rushmore Crossing in an effort to expand their footprint and surround themselves with dynamic co-tenants. Target's store is over 30,000-square-feet larger than their previous location and Scheel's All Sports increased their size by over 13,000 square feet. Both had successful openings and are continuing to see high traffic and consistent sales.
Construction on Phase II is slated to begin in spring 2009 and includes a Sam's Wholesale Club and new multi-tenant building. "Midland Atlantic is talking with both national and local retailers for the second phase of the development and our commitment to attract tenants that are new to the area or who want to expand in this market remains high," said Brandon Boyster, Property Manager.
Rushmore Crossing, located at Interstate-90 & N. Lacrosse Street, is situated on a 126-acre site and will feature a shopping center, hotel and restaurants when completed. Designed by RSP Architects (Minneapolis, MN), each segment of the development will be unique, but will feature common architectural details that tie the development together.
"We are optimistic that the growth in this market will continue and we are poised to make Rushmore Crossing a shopping destination for the residents of Rapid City and surrounding areas," said John Silverman, Managing Principal for Midland Atlantic.
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Midland Atlantic is a full-service real estate firm specializing in the development, acquisition, leasing, management and brokerage of retail properties. Midland Atlantic is a leading developer of retail shopping centers in the Midwest and mid-Atlantic regions of the U.S. The firm develops upscale grocery and department store-anchored retail shopping centers, as well as retail build-to-suits.
Rapid City, SD - Midland Atlantic Development announces the grand opening of Phase I of Rushmore Crossing, a $100 million retail development in Rapid City.
The cold temperatures and struggling economy did not deter customers from lining up to be the first to experience the newest shopping center in Rapid City. A group of over 400 excited shoppers braved frigid cold temperatures while waiting for the doors to open on February 14th at the 50,000 square foot Scheel's All Sports, the last of the Phase I retailers to open at Rushmore Crossing.
For many of the Phase I retailers including TJ Maxx, Gordman's, Michael's, Petco, Shoe Carnival, Dress Barn and David's Bridal, the Rushmore Development represents their first foray into Rapid City and they have been thrilled with the initial response from the public. All have indicated that they experienced strong opening day sales.
Target and Scheel's All Sports, anchors for this initial phase of the development relocated their existing Rapid City operations to Rushmore Crossing in an effort to expand their footprint and surround themselves with dynamic co-tenants. Target's store is over 30,000-square-feet larger than their previous location and Scheel's All Sports increased their size by over 13,000 square feet. Both had successful openings and are continuing to see high traffic and consistent sales.
Construction on Phase II is slated to begin in spring 2009 and includes a Sam's Wholesale Club and new multi-tenant building. "Midland Atlantic is talking with both national and local retailers for the second phase of the development and our commitment to attract tenants that are new to the area or who want to expand in this market remains high," said Brandon Boyster, Property Manager.
Rushmore Crossing, located at Interstate-90 & N. Lacrosse Street, is situated on a 126-acre site and will feature a shopping center, hotel and restaurants when completed. Designed by RSP Architects (Minneapolis, MN), each segment of the development will be unique, but will feature common architectural details that tie the development together.
"We are optimistic that the growth in this market will continue and we are poised to make Rushmore Crossing a shopping destination for the residents of Rapid City and surrounding areas," said John Silverman, Managing Principal for Midland Atlantic.
# # #
Midland Atlantic is a full-service real estate firm specializing in the development, acquisition, leasing, management and brokerage of retail properties. Midland Atlantic is a leading developer of retail shopping centers in the Midwest and mid-Atlantic regions of the U.S. The firm develops upscale grocery and department store-anchored retail shopping centers, as well as retail build-to-suits.
