Hobby Lobby Brings
New Opportunities
to Local Business Owners
Cash in on the buzz surrounding the
newest addition to the Buffalo Ridge Center.
With the construction of Hobby Lobby now underway, it’s
clear that a bright future is in store for the former Horizon Outlet Mall.
Hobby Lobby is the newest addition to the Buffalo Ridge Center which has seen
major improvements since the property changed hands back in 2012.
The development began with the construction of a 14-screen multiplex
cinema, a project that brought the first IMAX to Northern Michigan. The opening
of the theater was closely followed by the construction of Lucky’s Market, next
to the existing Outback Steak House. Lucky’s was another highly anticipated
addition to the center.
“I wanted to create a destination that brought high quality
food, entertainment, and merchandise to a shopping center that was previously
obsolete,” said Joe Sarafa, a partner and developer of the center, located on
US-31 South (at the light across from Lowe’s.) “With Hobby Lobby under
construction, I think we very are close to achieving that goal.”
Commercial real estate in and around Traverse City is
booming. As more and more businesses flock to the area, demand for retail space
is far outweighing the supply. According to MLS
data, in just the first six months of 2018, commercial sales in Traverse City have risen 16.4 percent and the
number of leases has increased by over 34 percent.
The addition of these major
retail tenants is proof that businesses want to be in Traverse City, despite it
being a relatively small market for stores of this size. Hobby Lobby is no
exception. Once complete, the building will add 55,000 square feet of retail
space, creating dozens of jobs and driving even more traffic to the center.
So how can your business
benefit from all this new growth and activity? The developer has teamed up with
local real estate broker, Homewaters LLC,
to create a custom space to suit all of your business needs. If you’re looking
for more offices, a new store front, extra parking or even a drive-thru, we can
accommodate you.
Imagine setting up shop in a brand-new
space designed to your specifications, (one or two-stories, up to 14,000 sq. ft)
without the hassle of purchasing land, construction, financing, and costly maintenance.
This type of listing is
usually only offered to large national retailers, but now it’s available for
your small to medium size business! “There’s a fantastic out-lot near the AMC Theater.
It’s a great location for any new or growing business,” said Sarafa.
Contact Joseph from
Homewaters at (231) 631-3345 to schedule a showing and find out if your dreams
can become a reality.
